About Avendus Wealth Management Private Limited
Data last updated:
Avendus Wealth Management Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avendus Capital Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 10 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64990MH2008PTC179931. Its GSTIN is 27AAHCA2885K1Z9 (Maharashtra). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.62 Cr. It was formerly known as Avendus Financial Services Private Limited. It is led by directors Kaushal Kumar Aggarwal and Gaurav Deepak.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹149.58 Cr, a decline of 21.13% compared to the previous year.
The company has about 149 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company has 21 deals on record (6 funding rounds, 5 rights issues, 5 convertible or debt financings), with disclosed funding of ₹52.17 Cr; the latest was in March 2020. Its 9 peer companies in the BFSI industry (NBFC, Wealth Management), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 5 smaller; the largest is Govianu Wealth Management Private Limited with revenue of ₹60.62 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avendus.com.
Company details
CIN history
Avendus Wealth Management has one previous CIN (Corporate Identification Number): U67120MH2008PTC179931. The current CIN is U64990MH2008PTC179931, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64990MH2008PTC179931 | Current |
| U67120MH2008PTC179931 | Previous |
Contact details
Avendus Wealth Management Private Limited's registered office is in Mumbai, Maharashtra. Its website is avendus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address901 Platina 9th Floor, Plot No. C – 59 Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC
To see the full contact details of Avendus Wealth Management 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
Avendus Wealth Management operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Avendus Wealth Management Private Limited, buy the company report.
Financials of Avendus Wealth Management Private Limited
FY 2025 filings availableAvendus Wealth Management Private Limited reported revenue of ₹149.58 Cr (down 21.13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21.13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹149.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Avendus Wealth Management Private Limited, buy the company report.
Board of directors and KMP of Avendus Wealth Management Private Limited
Avendus Wealth Management Private Limited currently reports 2 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushal Kumar Aggarwal Also directs: Avendus Finance Private Limited, Avendus Capital Private Limited | Director | 19 Jul 2017 | 9 Years 3 Months | Current |
| Apurva Doulat Sahijwani Also directs: Avendus Finance Private Limited | Ceo | 27 Jun 2024 | 2 Years 4 Months | Current |
| Gaurav Deepak Also directs: Avendus Finance Private Limited, Avendus Capital Private Limited | Director | 18 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Avendus Wealth Management Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (NBFC, Wealth Management), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avendus Wealth Management Private Limitedthis company | ₹149.58 Cr (FY 2023) | -21.1% | 149 | Mumbai, Maharashtra, India | ||
| Govianu Wealth Management Private Limited | ₹60.62 Cr (FY 2024) | 131.0% | Bangalore, Karnataka, India | |||
| Monedo Financial Services Private Limited | ₹59.96 Cr (FY 2025) | 202.0% | Mumbai, Maharashtra, India | |||
| Palash Securities Limited | ₹49.54 Cr (FY 2025) | 20.0% | Sitapur, Uttar Pradesh, India | |||
| Areion Finserve Private Limited | ₹46.03 Cr (FY 2025) | 186.0% | Mumbai, Maharashtra, India | |||
| Artline Finance Private Limited | ₹45.23 Cr (FY 2025) | 89.0% | New Delhi, Delhi, India | |||
| Jio Financial Services Limited | ₹44.84 Cr (FY 2023) | -76.0% | Mumbai, Maharashtra, India | |||
| SG Finserve Limited | ₹41.96 Cr (FY 2023) | 1812.0% | Delhi, India | |||
| Antarctica Finvest Pvt. Ltd. | ₹41.11 Cr (FY 2025) | 40207.0% | Bareilly, Uttar Pradesh, India | |||
| Edelweiss Global Wealth Management Limited | ₹38.69 Cr (FY 2025) | -52.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Avendus Wealth Management Private Limited, buy the company report.
Auditor
Avendus Wealth Management Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2018 | 117366W/W- 100018 |
Shareholding
The shareholding of Avendus Wealth Management 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 Avendus Wealth Management Private Limited, buy the company report.
Deals & funding
Avendus Wealth Management Private Limited has 21 deals on record (6 funding rounds, 5 rights issues, 5 convertible or debt financings), with disclosed funding of ₹52.17 Cr; the latest was in March 2020.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹44.85 Cr | Investors: Avendus Capital |
| Sep 2019 | Rights issue | ₹12 Cr | Investors: Avendus Capital |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Avendus Capital Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Avendus Capital Seller: 4 individuals |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Avendus Capital Seller: Damavand Capital, 3 individuals |
To see the full deal history of Avendus Wealth Management 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 Avendus Wealth Management 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 Avendus Wealth Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avendus Wealth Management has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avendus Capital Alternate Strategies Private Limited | U67190MH2015PTC268280 |
To see the full group structure of Avendus Wealth Management Private Limited, buy the company report.
Employees & EPFO
Avendus Wealth Management Private Limited has a workforce of 149 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Avendus Wealth Management has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA2885K1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 27AAHCA2885K2Z8 | Maharashtra | Active | 27 Feb 2025 |
| 19AAHCA2885K1Z6 | West Bengal | Active | 01 Jul 2017 |
| 36AAHCA2885K1ZA | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avendus Wealth Management Private Limited, buy the company report.
Recent activity
Avendus Wealth Management Private Limited has 15 board changes on record since 2013: 4 appointments and 11 cessations. The latest: Niki Vinodkumar Kiri was appointed as Company Secretary on 03 Dec 2024.
6 earlier events are in the company report.
News
Frequently asked questions
Avendus Wealth Management is an active private limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 10 March 2008 (18+ years old) and is registered under CIN U64990MH2008PTC179931.
Avendus Wealth Management has 3 current directors and KMP:
- Kaushal Kumar Aggarwal - Director
- Gaurav Deepak - Director
- Apurva Doulat Sahijwani - Ceo
The latest financial statements of Avendus Wealth Management on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avendus Wealth Management is 27AAHCA2885K1Z9, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAHCA2885K2Z8 (Maharashtra), 19AAHCA2885K1Z6 (West Bengal), 36AAHCA2885K1ZA (Telangana).
The CIN (Corporate Identification Number) of Avendus Wealth Management is U64990MH2008PTC179931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avendus Wealth Management was incorporated on 10 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Avendus Wealth Management has 21 deals on record (6 funding rounds, 5 rights issues, 5 convertible or debt financings), with disclosed funding of ₹52.17 Cr; the latest was in March 2020.
The peers of Avendus Wealth Management by revenue are Govianu Wealth Management Private Limited, Monedo Financial Services Private Limited, Palash Securities Limited, Areion Finserve Private Limited, Artline Finance Private Limited and 4 more, all in the BFSI industry (NBFC, Wealth Management), with the same principal business activity (other financial activities).
Niki Vinodkumar Kiri was appointed as Company Secretary on 03 Dec 2024. Apurva Doulat Sahijwani was appointed as CEO on 27 Jun 2024. Apurva Doulat Sahijwani ceased to be Additional Director on 26 Jun 2024. Avendus Wealth Management has 15 board changes on record in total.
Avendus Wealth Management can be reached through the website avendus.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Avendus Wealth Management is at 901 Platina 9th Floor, Plot No. C – 59 Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
