About Avaris Technologies Private Limited
Data last updated:
Avaris Technologies Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2020PTC065431. Its GSTIN is 32AAHCV7031L1Z7 (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It was formerly known as Vrize Technologies Private Limited. It is led by directors Kalarikkal Daniel Mary Ann Diana and Abraham Susana.
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 Ernakulam, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.8 Lakh, a growth of 115% compared to the previous year. For the same year it recorded a net loss of ₹43.15 Lakh (net margin -181.3%) and EBITDA of -₹25.59 Lakh (EBITDA margin -107.5%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years.
The company has about 199 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website vrize.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address69/1854 – A1 Space Number Gfx39 Innerspace Srm Road, Near Nirmala Shishu Bhavan Kaloor, Ernakulam, Kerala, India – 682018
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Avaris Technologies Private Limited
The main business activity of Avaris Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avaris Technologies Private Limited FY 2024 filings available
Avaris Technologies Private Limited reported revenue of ₹23.8 Lakh (up 115% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Avaris Technologies Private Limited
Revenue rose 115% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 76%. EBITDA rose 11% 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 of Avaris Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹25.59 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹43.15 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Avaris Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -107.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -181.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avaris Technologies are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Avaris Technologies Private Limited
Avaris Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intellisoft Computer Consultants Private Limited | ₹23.83 Lakh (FY 2025) | •••• | •••• | 94.0% | •••• | Solapur, Maharashtra, India |
| Digilligence Digital Solutions Private Limited | ₹23.82 Lakh (FY 2025) | •••• | •••• | 28.0% | •••• | Noida, Uttar Pradesh, India |
| Cleartek Consulting Private Limited | ₹23.81 Lakh (FY 2022) | •••• | •••• | 30.0% | •••• | Hyderabad, Telangana, India |
| MT Digital Labs Private Limited | ₹23.8 Lakh (FY 2025) | •••• | •••• | -75.0% | •••• | Chennai, Tamil Nadu, India |
| Amaeka Technologies Private Limited | ₹23.8 Lakh (FY 2024) | •••• | •••• | 72.0% | •••• | Changanacherry, Kerala, India |
| Avaris Technologies Private Limited this company | ₹23.8 Lakh (FY 2025) | •••• | •••• | 115.0% | •••• | Ernakulam, Kerala, India |
| Outboffin Private Limited | ₹23.79 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Delhi, India |
| GM Dual Lightech Private Limited | ₹23.78 Lakh (FY 2018) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Protocol Informatics Private Limited | ₹23.78 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Bangalore, Karnataka, India |
| Mobiation Software Services Private Limited | ₹23.77 Lakh (FY 2018) | •••• | •••• | -66.0% | •••• | Bangalore, Karnataka, India |
| Engees E-Commerce Private Limited | ₹23.77 Lakh (FY 2025) | •••• | •••• | 21.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Avaris Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Avaris Technologies Private Limited
Avaris Technologies Private Limited is audited by A George & Associates Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A George & Associates Chartered Accountants | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avaris Technologies Private Limited
Avaris Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalarikkal Daniel Mary Ann Diana | Additional Director | 28 Nov 2025 | 0 Years 10 Months | Current |
| Abraham Susana | Additional Director | 28 Nov 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Avaris Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avaris Technologies Private Limited
Avaris Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Avaris Technologies Private Limited
Avaris Technologies Private Limited has a workforce of 199 employees as of Jun 26, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Avaris Technologies Private Limited
Recent Activity on Avaris Technologies Private Limited
Avaris Technologies Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Abraham Susana was appointed as Additional Director on 28 Nov 2025.
Credit Ratings, Litigation & Regulatory Alerts for Avaris Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avaris Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avaris Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avaris Technologies Private Limited
Avaris Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAHCV7031L1Z7 | Kerala | Active | 19 Nov 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avaris Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avaris Technologies Private Limited
Avaris Technologies is an active private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 October 2020 (6+ years old) and is registered under CIN U72900KL2020PTC065431.
Avaris Technologies reported revenue of ₹23.8 Lakh for FY 2025 (up 115% YoY).
Avaris Technologies has 2 current directors:
- Kalarikkal Daniel Mary Ann Diana - Additional Director
- Abraham Susana - Additional Director
Avaris Technologies reported a net loss of ₹43.15 Lakh (net margin -181.3%) and EBITDA of -₹25.59 Lakh (EBITDA margin -107.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avaris Technologies is -76% over three years. In the latest year (FY 2025) revenue rose 115%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avaris Technologies is 32AAHCV7031L1Z7, registered in Kerala.
The CIN (Corporate Identification Number) of Avaris Technologies is U72900KL2020PTC065431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaris Technologies was incorporated on 29 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Avaris Technologies by revenue are Intellisoft Computer Consultants Private Limited, Digilligence Digital Solutions Private Limited, Cleartek Consulting Private Limited, MT Digital Labs Private Limited, Amaeka Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Abraham Susana was appointed as Additional Director on 28 Nov 2025. Kalarikkal Daniel Mary Ann Diana was appointed as Additional Director on 28 Nov 2025. Babuji Philip Abraham was appointed as Director on 29 Oct 2020. Avaris Technologies has 4 board changes on record in total.
Avaris Technologies can be reached through the website vrize.com. Its registered office is in Ernakulam, Kerala, India.