About Av Devs Solutions Private Limited
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Av Devs Solutions Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72300GJ2015PTC083058. Its GSTIN is 24AANCA5033F1ZY (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Av Devs Technosoft Private Limited. It is led by directors Nirali Manan Vasavada and Manan Hemant Vasavada.
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 404 To 408 Nilamber Primero Opp Vicenza Meridian Vasna – Bhayli Road, Vadodara, Gujarat, India – 391410.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.93 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 8%) and EBITDA of ₹2.56 Cr (EBITDA margin 16%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 33% over five years.
The company has about 71 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Av Devs. As per MCA filings, the company has open charges of ₹2.29 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avdevs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address404 To 408 Nilamber Primero Opp Vicenza Meridian Vasna – Bhayli Road, Vadodara, Gujarat, India – 391410
- 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 Av Devs Solutions Private Limited
The main business activity of Av Devs Solutions 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 Av Devs Solutions Private Limited FY 2025 filings available
Av Devs Solutions Private Limited reported revenue of ₹15.93 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Av Devs Solutions Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA fell 9% 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 Av Devs Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.56 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.28 Cr | •••• | •••• | •••• | •••• |
| 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 Av Devs Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8% | •••• | •••• | •••• | •••• |
| 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 Av Devs Solutions are in the company report.
Financial statements from FY 2016
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 Av Devs Solutions Private Limited
Av Devs Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quadlabs Technologies Private Limited | •••• | •••• | •••• | •••• | 87 | New Delhi, Delhi, India |
| Arohatech IT Services Private Limited | •••• | •••• | •••• | •••• | - | Roorkee, Uttarakhand, India |
| Quiver Digital Solutions India Private Limited | •••• | •••• | •••• | •••• | 102 | Bangalore, Karnataka, India |
| Safezone Secure Solutions Private Limited | •••• | •••• | •••• | •••• | 27 | Chennai, Tamil Nadu, India |
| Tmotions Global Private Limited | •••• | •••• | •••• | •••• | 74 | Palampur, Himachal Pradesh, India |
| Av Devs Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Velosio Overseas Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Karya Technologies (India) Private Limited | •••• | •••• | •••• | •••• | 140 | Chennai, Tamil Nadu, India |
| Itevr Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Tenet Networks Private Limited | •••• | •••• | •••• | •••• | 18 | Noida, Uttar Pradesh, India |
| TVS Next Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Av Devs Solutions by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Av Devs Solutions Private Limited
Av Devs Solutions Private Limited is audited by MAHESH UDHWANI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH UDHWANI & ASSOCIATES | 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 Av Devs Solutions Private Limited
Av Devs Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirali Manan Vasavada | Director | 29 Apr 2015 | 11 Years 5 Months | Current |
| Manan Hemant Vasavada Also directs: Carvingconnect LLP | Director | 29 Apr 2015 | 11 Years 5 Months | Current |
Ownership and Shareholding of Av Devs Solutions 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 Av Devs Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Oct 2024 | Hdfc Bank Limited | ₹1.3 Cr | Open |
| 13 Mar 2018 | Others | ₹99 Lakh | Open |
Total charge records: 2 View all charges
Associated Brands with Av Devs Solutions Private Limited
Av Devs Solutions operates one associated brand: AV DEVS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers web, mobile app development, cloud, and digital marketing services for businesses. | avdevs.com |
Employees and EPFO Compliance at Av Devs Solutions Private Limited
Av Devs Solutions Private Limited has a workforce of 71 employees as of Apr 06, 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.
Name History of Av Devs Solutions Private Limited
Av Devs Solutions has undergone 2 name changes throughout its history. The company was previously known as Avdevs Solutions Private Limited, and Av Devs Technosoft Private Limited. The current legal name is Av Devs Solutions Private Limited.
| Company Name | Status |
|---|---|
| Av Devs Solutions Private Limited | Current |
| Avdevs Solutions Private Limited | Previous |
| Av Devs Technosoft Private Limited | Previous |
Recent Activity on Av Devs Solutions Private Limited
Av Devs Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Manan Hemant Vasavada was appointed as Director on 29 Apr 2015.
Credit Ratings, Litigation & Regulatory Alerts for Av Devs Solutions 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 Av Devs Solutions 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 Av Devs Solutions 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 Av Devs Solutions Private Limited
Av Devs Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA5033F1ZY | Gujarat | 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 Av Devs Solutions 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 Av Devs Solutions Private Limited
Av Devs Solutions is an active private limited company based in Vadodara, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 April 2015 (11+ years old) and is registered under CIN U72300GJ2015PTC083058.
Av Devs Solutions reported revenue of ₹15.93 Cr for FY 2024 (down 5% YoY).
Av Devs Solutions has 2 current directors:
- Nirali Manan Vasavada - Director
- Manan Hemant Vasavada - Director
Av Devs Solutions reported a net profit of ₹1.28 Cr (net margin 8%) and EBITDA of ₹2.56 Cr (EBITDA margin 16%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Av Devs Solutions is 33% over three years and 33% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Av Devs Solutions is 24AANCA5033F1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Av Devs Solutions is U72300GJ2015PTC083058. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Av Devs Solutions was incorporated on 29 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Av Devs Solutions by revenue are Quadlabs Technologies Private Limited, Arohatech IT Services Private Limited, Quiver Digital Solutions India Private Limited, Safezone Secure Solutions Private Limited, Tmotions Global Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Manan Hemant Vasavada was appointed as Director on 29 Apr 2015. Nirali Manan Vasavada was appointed as Director on 29 Apr 2015.
Av Devs Solutions can be reached through the website avdevs.com. Its registered office is in Vadodara, Gujarat, India.