Avendus Finance Profile
Key Indicators
- Authorised Capital ₹ 525.00 Cr
- Paid Up Capital ₹ 497.56 Cr
- Company Age 28 Year, 8 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 eight 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
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
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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)
₹588.00 Cr
₹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.
