Avnish Business Private Limited
About Avnish Business Private Limited
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Avnish Business Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2017PTC297968. Its GSTIN is 27AAICR4348B1ZG (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹26 Lakh. It was formerly known as Sg Holdings and Capital Private Limited and Riddhpee Executions Private Limited. It is led by directors Sadhana Vikas Gogawale and Vikas Bharat Gogawale.
Its last annual general meeting (AGM) was held on 30 September 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 2024, the company reported a revenue of ₹3.14 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹86.24 Lakh (net margin 27.4%) and EBITDA of ₹1.22 Cr (EBITDA margin 38.9%). Revenue has grown at a compounded annual rate (CAGR) of 108% over three years and 38% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Avnish Business has undergone 2 name changes throughout its history. The company was previously known as Sg Holdings And Capital Private Limited, and Riddhpee Executions Private Limited. The current legal name is Avnish Business Private Limited.
| Company Name | Status |
|---|---|
| Avnish Business Private Limited | Current |
| Sg Holdings And Capital Private Limited | Previous |
| Riddhpee Executions Private Limited | Previous |
CIN history
Avnish Business has one previous CIN (Corporate Identification Number): U93000MH2017PTC297968. The current CIN is U74110MH2017PTC297968, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2017PTC297968 | Current |
| U93000MH2017PTC297968 | Previous |
Contact details
Avnish Business Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 228 02nd Floor Dimple Arcade, Thakur Complex Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Avnish Business 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 Avnish Business is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities |
To see the full business activity and turnover split of Avnish Business Private Limited, buy the company report.
Financials of Avnish Business Private Limited
FY 2025 filings availableAvnish Business Private Limited reported revenue of ₹3.14 Cr (up 330% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 330% growth in the latest year. EBITDA rose 445% 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 | ₹1.22 Cr | ||||
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| Net Profit (PAT) | ₹86.24 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 38.9% | ||||
| Net Profit Margin | 27.4% | ||||
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To see the full financial statements and ratios of Avnish Business Private Limited, buy the company report.
Board of directors of Avnish Business Private Limited
Avnish Business 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 |
|---|---|---|---|---|
| Sadhana Vikas Gogawale Also directs: Clego Enterprises Private Limited | Director | 03 Dec 2018 | 7 Years 11 Months | Current |
| Vikas Bharat Gogawale Also directs: Clego Enterprises Private Limited | Director | 27 Feb 2024 | 2 Years 8 Months | Current |
Shareholding
The shareholding of Avnish Business Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Avnish Business Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avnish Business 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 Avnish Business Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avnish Business has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICR4348B1ZG | Maharashtra | Active | 28 Jan 2019 |
To see the full GST registrations and return filing status of Avnish Business Private Limited, buy the company report.
Recent activity
Avnish Business Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Vikas Bharat Gogawale was appointed as Director on 27 Feb 2024.
Frequently asked questions
Avnish Business is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 July 2017 (9+ years old) and is registered under CIN U74110MH2017PTC297968.
Avnish Business has 2 current directors:
- Sadhana Vikas Gogawale - Director
- Vikas Bharat Gogawale - Director
The latest financial statements of Avnish Business on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Avnish Business is 27AAICR4348B1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avnish Business is U74110MH2017PTC297968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avnish Business was incorporated on 28 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Vikas Bharat Gogawale was appointed as Director on 27 Feb 2024. Vikas Bharat Gogawale ceased to be Director on 24 Jan 2023. Riddhi Pankajkumar Ratandhayra ceased to be Additional Director on 30 Sep 2019. Avnish Business has 5 board changes on record in total.
The registered office of Avnish Business is at Office No. 228 02nd Floor Dimple Arcade, Thakur Complex Kandivali East, Mumbai, Maharashtra, India – 400101.
Avnish Business operates in the business outsourcing industry, in the HR outsourcing and talent management segment.
The compliance status of Avnish Business is compliant as of 23 July 2026. The company is actively filing with the Registrar of Companies.
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