About Avenir IT Private Limited
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Avenir IT Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Avenir Business Solutions Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2008PTC061897. Its GSTIN is 36AAHCA4527G1ZS (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹51.86 Lakh. It was formerly known as Avenir It Technologies Private Limited. It is led by directors Venkat Ram Krishna Naveen Kumar Reddy and Kothagadi Naresh Reddy.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2nd Floor Spaces And More Business Park, Hyderabad, Telangana.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.85 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.09 Lakh (net margin 0.5%) and EBITDA of ₹15.19 Lakh (EBITDA margin 3.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avenir-it.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor Spaces And More Business Park Plot No. 78 Kavuri Hills Cbi Colony Jub, Ilee Hills, Hyderabad, Telangana, India – 500033
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Avenir IT Private Limited
The main business activity of Avenir IT is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Avenir IT Private Limited FY 2019 filings available
Avenir IT Private Limited reported revenue of ₹3.85 Cr (up 4% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Avenir IT Private Limited
Revenue rose 4% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 27% 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 Avenir IT Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.85 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.09 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 Avenir IT Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Avenir IT are in the company report.
Financial statements from 2015
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 Avenir IT Private Limited
Avenir IT Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tessellation Software Private Limited | ₹3.86 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
| Paripoorna Software Private Limited | ₹3.85 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Chennai, Tamil Nadu, India |
| Conferra Software Solutions Private Limited | ₹3.85 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Talentmicro Innovations Private Limited | ₹3.85 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Bangalore, Karnataka, India |
| Vensiti Solutions Private Limited | ₹3.85 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Tenali, Andhra Pradesh, India |
| Avenir IT Private Limited this company | ₹3.85 Cr (FY 2019) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Sri Technologies Private Limited | ₹3.84 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Indore, Madhya Pradesh, India |
| Pk4 Software Technologies Private Limited | ₹3.83 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Bangalore, Karnataka, India |
| Digital Rhombus Studios Private Limited | ₹3.82 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Onestore India Private Limited | ₹3.82 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Websym Technologies Private Limited | ₹3.82 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Avenir IT by revenue in the Information Technology industry (Application Development), 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 Avenir IT Private Limited
Avenir IT Private Limited is audited by MANOHAR & VENKATA for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOHAR & VENKATA | 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 Avenir IT Private Limited
Avenir IT has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkat Ram Krishna Naveen Kumar Reddy Also directs: Legalnext Delivery Connects LLP, Adko Imports and Exports Private Limited, Firstdot Global Solutions Private Limited and 1 more | Director | 07 Mar 2014 | 12 Years 7 Months | Current |
| Kothagadi Naresh Reddy | Director | 10 Apr 2021 | 5 Years 6 Months | Current |
Ownership and Shareholding of Avenir IT 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 Avenir IT Private Limited
Avenir IT Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Avenir IT Private Limited
Avenir IT Private Limited has a workforce of 26 employees as of Apr 07, 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.
CIN History of Avenir IT Private Limited
Avenir IT has one previous CIN (Corporate Identification Number): U72200AP2008PTC061897. The current CIN is U72200TG2008PTC061897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2008PTC061897 | Current |
| U72200AP2008PTC061897 | Previous |
Recent Activity on Avenir IT Private Limited
Avenir IT Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Kalyan Kumar Reddy Vudumula ceased to be Managing Director on 10 Apr 2021.
Credit Ratings, Litigation & Regulatory Alerts for Avenir IT 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 Avenir IT 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 Avenir IT 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 Avenir IT Private Limited
Avenir IT has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCA4527G1ZS | Telangana | Active | 01 Jul 2017 |
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 Avenir IT 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 Avenir IT Private Limited
Avenir IT is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 November 2008 (18+ years old) and is registered under CIN U72200TG2008PTC061897.
Avenir IT reported revenue of ₹3.85 Cr for FY 2019 (up 4% YoY).
Avenir IT has 2 current directors:
- Venkat Ram Krishna Naveen Kumar Reddy - Director
- Kothagadi Naresh Reddy - Director
Avenir IT reported a net profit of ₹2.09 Lakh (net margin 0.5%) and EBITDA of ₹15.19 Lakh (EBITDA margin 3.9%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avenir IT is -3% over three years. In the latest year (FY 2019) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avenir IT is 36AAHCA4527G1ZS, 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 Avenir IT is U72200TG2008PTC061897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avenir IT was incorporated on 20 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Avenir IT by revenue are Tessellation Software Private Limited, Paripoorna Software Private Limited, Conferra Software Solutions Private Limited, Talentmicro Innovations Private Limited, Vensiti Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Kalyan Kumar Reddy Vudumula ceased to be Managing Director on 10 Apr 2021. Kothagadi Naresh Reddy was appointed as Director on 10 Apr 2021. Kondapareddy Satish Kumar ceased to be Director on 22 Mar 2019. Avenir IT has 7 board changes on record in total.
Avenir IT can be reached through the website avenir-it.com. Its registered office is in Hyderabad, Telangana, India.