About Avance Consulting Services Private Limited
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Avance Consulting Services Private Limited is a foreign private limited company based in Secunderabad, Telangana, India, a subsidiary of M/S. Wisestep Holdings. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 26 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74140TG2007FTC056434. Its GSTIN is 36AAGCA6692K1Z6 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.93 Lakh. It is led by directors Manish Grover (Managing Director) and Virender Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Secunderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.31 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹5.07 Cr (net margin 8%) and EBITDA of ₹7.03 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 20% over five years.
The company has about 481 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹7.9 Lakh; the latest was in November 2007.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avanceservices.com.
Company details
CIN history
Avance Consulting Services has one previous CIN (Corporate Identification Number): U74140AP2007FTC056434. The current CIN is U74140TG2007FTC056434, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140TG2007FTC056434 | Current |
| U74140AP2007FTC056434 | Previous |
Contact details
Avance Consulting Services Private Limited's registered office is in Secunderabad, Telangana. Its website is avanceservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMy Home Tycoon 4th Floor, 6 – 3 – 1192(Part) 6 – 3 – 1192/2/1 To 16 Kundanbagh, Secunderabad, Telangana, India – 500016
- IndustryBusiness Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
To see the full contact details of Avance Consulting Services Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Avance Consulting Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Avance Consulting Services Private Limited, buy the company report.
Financials of Avance Consulting Services Private Limited
FY 2024 filings availableAvance Consulting Services Private Limited reported revenue of ₹63.31 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 2% growth in the latest year. EBITDA rose 17% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹7.03 Cr | ||||
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| Net Profit (PAT) | ₹5.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 8% | ||||
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To see the full financial statements and ratios of Avance Consulting Services Private Limited, buy the company report.
Board of directors of Avance Consulting Services Private Limited
Avance Consulting Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Grover Also directs: Pamgro Global Private Limited | Managing Director | 26 Nov 2007 | 18 Years 11 Months | Current |
| Virender Singh | Nominee Director | 15 May 2019 | 7 Years 5 Months | Current |
Auditor
Avance Consulting Services Private Limited is audited by A P T & CO LLP CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P T & CO LLP CHARTERED ACCOUNTANTS | FY 2023 | 014621C/N500088 |
Shareholding
The shareholding of Avance Consulting Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avance Consulting Services Private Limited, buy the company report.
Deals & funding
Avance Consulting Services Private Limited has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹7.9 Lakh; the latest was in November 2007.
To see the full deal history of Avance Consulting Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Avance Consulting Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avance Consulting Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avance Consulting Services Private Limited has a workforce of 481 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Avance Consulting Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCA6692K1Z6 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avance Consulting Services Private Limited, buy the company report.
Recent activity
Avance Consulting Services Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Amit Kumar ceased to be Director on 01 Apr 2023.
Frequently asked questions
Avance Consulting Services is an active foreign private limited company based in Secunderabad, Telangana, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 26 November 2007 (19+ years old) and is registered under CIN U74140TG2007FTC056434.
Avance Consulting Services has 2 current directors:
- Manish Grover - Managing Director
- Virender Singh - Nominee Director
The latest financial statements of Avance Consulting Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avance Consulting Services is 36AAGCA6692K1Z6, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Avance Consulting Services is U74140TG2007FTC056434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avance Consulting Services was incorporated on 26 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Hyderabad.
Avance Consulting Services has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹7.9 Lakh; the latest was in November 2007.
Amit Kumar ceased to be Director on 01 Apr 2023. Virender Singh was appointed as Nominee Director on 15 May 2019. Manish Grover ceased to be Director on 31 Aug 2018. Avance Consulting Services has 5 board changes on record in total.
Avance Consulting Services can be reached through the website avanceservices.com. Its registered office is in Secunderabad, Telangana, India.
The registered office of Avance Consulting Services is at My Home Tycoon 4th Floor, 6 – 3 – 1192Part 6 – 3 – 119221 To 16 Kundanbagh, Secunderabad, Telangana, India – 500016.
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