Avendus Finance Profile
Key Indicators
- Authorised Capital ₹ 525.00 Cr
- Paid Up Capital ₹ 497.56 Cr
- Company Age 28 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 588.00 Cr
- Satisfied Charges ₹ 1,410.10 Cr
- Revenue Growth 20.68%
- Profit Growth 65.97%
- Ebitda 22.66%
- Net Worth 5.80%
- Total Assets -8.04%
About Avendus Finance
Avendus Finance Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 May 1996 and has a history of 28 years and nine months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Pacific Hire-Purchase Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 525.00 Cr and a paid-up capital of Rs 497.56 Cr.
The company currently has active open charges totaling ₹588.00 Cr. The company has closed loans amounting to ₹1,410.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avendus Finance Private Limited India are Radhika Parmanandka as Company Secretary, Mr Kamath as Cfo, and Nilesh Dhedhi as Ceo. Nikhilesh Panchal, Deba Roy, Kaushal Aggarwal, and Five other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65921MH1996PTC251407
- Company No.
251407
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 May 1996
- Date of AGM
31 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Avendus Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nilesh Dhedhi  | Managing Director | 22-Jun-2023 | Current |
| Radhika Parmanandka | Company Secretary | 12-Jul-2019 | Current |
| Mr Kamath | CFO | 13-Nov-2019 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Padmaja Ruparel | Director | 27-Feb-2020 | Current |
| Gaurav Deepak | Director | 24-Dec-2020 | Current |
| Nikhilesh Panchal | Director | 30-Mar-2017 | Current |
| Deba Roy | Director | 30-Dec-2019 | Current |
| Kaushal Aggarwal | Director | 17-Jan-2013 | Current |
| Suresh Menon | Director | 13-Apr-2017 | Current |
Financial Performance of Avendus Finance.
Avendus Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.68% increase. The company also saw a substantial improvement in profitability, with a 65.97% increase in profit. The company's net worth moved up by a moderate rise of 5.8%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Avendus Finance?
In 2023, Avendus Finance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Indian Angel Network Services Private LimitedPadmaja Ruparel is a mutual person
Gromax Agri Equipment LimitedNikhilesh Panchal is a mutual person
Bycyshare Technologies Private LimitedPadmaja Ruparel is a mutual person
Msl Driveline Systems LimitedNikhilesh Panchal is a mutual person
Ester Industries LimitedPadmaja Ruparel is a mutual person
Manipal Technologies LimitedPadmaja Ruparel is a mutual person
Charges (Loans)
Open Charges
₹588.00 Cr
Satisfied Charges
₹1,410.10 Cr
Charges Breakdown by Lending Institutions
- Others : 426.00 Cr
- Tata Capital Financial Services Limited : 62.00 Cr
- Indian Bank : 50.00 Cr
- Axis Bank Limited : 30.00 Cr
- Dhanlaxmi Bank Limited : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Mar 2024 | Others | ₹15.00 Cr | Open |
| 21 Feb 2024 | Others | ₹25.00 Cr | Open |
| 08 Feb 2024 | Others | ₹50.00 Cr | Open |
| 05 Jan 2024 | Others | ₹25.00 Cr | Open |
| 29 Dec 2023 | Others | ₹40.00 Cr | Open |
How Many Employees Work at Avendus Finance?
Avendus Finance has a workforce of 32 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avendus Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Avendus Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Avendus Finance
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100896680 was registered on 14 Mar 2024.
- Charges
A charge registered on 30 Jan 2021 via Charge ID 100417203 with Others was fully satisfied on 01 Mar 2024.
- Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100883001 was registered on 21 Feb 2024.
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100899358 was registered on 08 Feb 2024.
- Charges
A charge registered on 10 Aug 2021 via Charge ID 100477892 with Others was fully satisfied on 17 Jan 2024.
- Charges
A charge registered on 25 Jan 2022 via Charge ID 100535073 with Axis Bank Limited was fully satisfied on 10 Jan 2024.
Recent News, Updates & Announcement
- E-commerce Roll-up Firm GlobalBees Secures $18 Mn In Debt Funding From Avendus - Indian Food Industry-Snackfax.
GlobalBees, an e-commerce roll-up company, has secured INR 150 crore ($18 million) in debt funding from Avendus..
Frequently asked questions
What is the Incorporation or founding date of Avendus Finance Private Limited?
Avendus Finance Private Limited was incorporated on 15 May 1996.
What is authorized share capital and paid-up capital of Avendus Finance Private Limited?
The authorized share capital of Avendus Finance Private Limited is ₹ 525.00 Cr and paid-up capital is ₹ 497.56 Cr.
Who are the current board members & directors of Avendus Finance Private Limited?
Currently 11 directors are associated with Avendus Finance Private Limited.
- Nikhilesh Natwarlal Panchal
- Deba Prasad Roy
- Kaushal Kumar Aggarwal
- Gaurav Deepak
- Suresh Shanker Menon
- Padmaja Shailen Ruparel
- Pijush Sinha
- Nilesh Dhedhi
- Radhika Santosh Parmanandka
- Mr Sameer Kamath
- Nilesh Dhedhi
What is the registered address of Avendus Finance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avendus Finance Private Limited is The Il & Fs Financial Centre 6Th Floor, C And D Quadrant Bandra-Kurla Complex Bandra (E), Mumbai, Maharashtra, India, 400051.
What is the corporate identification number (CIN) and company number of Avendus Finance Private Limited?
The corporate identification number (CIN) of Avendus Finance Private Limited is U65921MH1996PTC251407 and the company number is 251407 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avendus Finance Private Limited?
The Official website of Avendus Finance Private Limited is https://www.avendus.com
What has been the recent revenue trend for Avendus Finance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avendus Finance Private Limited has risen by 20.68%.
How many employees does Avendus Finance Private Limited currently have?
As Per 2023 financial reports, 32 employees are currently employed by Avendus Finance Private Limited.
What change has been observed in the net worth of Avendus Finance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avendus Finance Private Limited has experienced an upsurge of 5.80%.
What are the total open charges for Avendus Finance Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avendus Finance Private Limited amount to ₹ 588.00 Cr.
When was the last Balance Sheet of Avendus Finance Private Limited filed with the ROC?
The most recent Balance Sheet for Avendus Finance Private Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Ranu VohraDirector
Nitin SinghDirector
Jagdish BhandariDirector
George MitraWholetime DirectorPB
Prithviraj BhandariDirectorST
Sandeep ThapliyalManaging DirectorPB
Pramila BhandariDirector
Similar Companies Based on NBFC
Tata Capital Limited Mumbai, Maharashtra, India
Shriram Finance Limited Chennai, Tamil Nadu, India
Indian Railway Finance Corporation Limited South West Delhi, Delhi, India
Power Finance Corporation Limited New Delhi, India
Sbi Cards And Payment Services Limited North West Delhi, Delhi, India
Mahindra And Mahindra Financial Services Limited Mumbai, Maharashtra, India
Cholamandalam Investment And Finance Company Limited Chennai, Tamil Nadu, India
Bajaj Finance Limited Pune, Maharashtra, India