About Avaada Foundation
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Avaada Foundation is a private not for profit company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Ventures Private Limited. It operates in the service-based operations segment of the services sector. It was incorporated on 18 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2018NPL309597.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jay Shankar Shukla and Ritu Patwari.
Its last annual general meeting (AGM) was held on 29 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 2025, the company reported a revenue of ₹20.27 Cr, a growth of 136% compared to the previous year. For the same year it recorded a net profit of ₹10.08 Cr (net margin 49.7%) and EBITDA of ₹10.08 Cr (EBITDA margin 49.7%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years and 53% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avaadaenergy.com.
Company details
Contact details
Avaada Foundation's registered office is in Mumbai, Maharashtra. Its website is avaadaenergy.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryService, Other Services
To see the full contact details of Avaada Foundation, 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
Financials of Avaada Foundation
FY 2025 filings availableAvaada Foundation reported revenue of ₹20.27 Cr (up 136% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 136% growth in the latest year. EBITDA rose 241% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.08 Cr | ||||
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| Net Profit (PAT) | ₹10.08 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 49.7% | ||||
| Net Profit Margin | 49.7% | ||||
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To see the full financial statements and ratios of Avaada Foundation, buy the company report.
Board of directors of Avaada Foundation
Avaada Foundation has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Shankar Shukla Also directs: Meja Hospitality Services LLP, Avaada Sunbeam Energy Private Limited, Avaada Kngreen Private Limited and 5 more | Director | 27 Aug 2018 | 8 Years 1 Months | Current |
| Ritu Patwari | Director | 20 May 2024 | 2 Years 5 Months | Current |
| Sindoor Vineet Mittal | Director | 18 May 2018 | 8 Years 5 Months | Current |
Auditor
Avaada Foundation is audited by SHWETA BANSAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHWETA BANSAL & ASSOCIATES | FY 2021 | 028011N |
Shareholding
The shareholding of Avaada Foundation is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avaada Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Avaada Foundation 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 Avaada Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Avaada Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avaada Foundation has 7 board changes on record since 2018: 3 appointments and 4 cessations. The latest: Ritu Patwari ceased to be Additional Director on 29 Sep 2024.
News
Frequently asked questions
Avaada Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in other services, within the service industry. It was incorporated on 18 May 2018 (8+ years old) and is registered under CIN U93090MH2018NPL309597.
Avaada Foundation has 3 current directors:
- Jay Shankar Shukla - Director
- Ritu Patwari - Director
- Sindoor Vineet Mittal - Director
The latest financial statements of Avaada Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Avaada Foundation is U93090MH2018NPL309597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Foundation was incorporated on 18 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Ritu Patwari ceased to be Additional Director on 29 Sep 2024. Ritu Patwari was appointed as Director on 20 May 2024. Arun Bhardwaj ceased to be Additional Director on 30 Sep 2022. Avaada Foundation has 7 board changes on record in total.
Avaada Foundation can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Avaada Foundation is at 406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069.
Avaada Foundation operates in the service industry, in the other services segment.
The compliance status of Avaada Foundation is compliant as of 02 July 2026. The company is actively filing with the Registrar of Companies.