Avakash Technology Private Limited
About Avakash Technology Private Limited
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Avakash Technology Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 27 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2004PTC044050.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nikhil Dahyabhai Joshi and Madhuranthakam Nagini.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 6 Sarthi Bunglows Jashoda Nagar Cross Roads, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.93 Lakh, a growth of 136% compared to the previous year. For the same year it recorded a net loss of ₹7,298 (net margin -3.8%) and EBITDA of -₹163 (EBITDA margin -0.1%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address6 Sarthi Bunglows Jashoda Nagar Cross Roads, Ahmedabad, Gujarat, India – 382445
- IndustryInformation Technology, Consultancy, Computer Programming
- 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
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Financials of Avakash Technology Private Limited FY 2023 filings available
Avakash Technology Private Limited reported revenue of ₹1.93 Lakh (up 136% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Avakash Technology Private Limited
Revenue rose 136% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA fell 100% 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 Avakash Technology Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹163 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7,298 | •••• | •••• | •••• | •••• |
| 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 Avakash Technology Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.8% | •••• | •••• | •••• | •••• |
| 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 Avakash Technology 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.
Auditor Details of Avakash Technology Private Limited
Avakash Technology Private Limited is audited by CA. ASWINKUMAR RATILAL SARAIYA - A. R. SARAIYA & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CA. ASWINKUMAR RATILAL SARAIYA - A. R. SARAIYA & CO. | 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 Avakash Technology Private Limited
Avakash Technology has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Dahyabhai Joshi | Director | 27 Apr 2004 | 22 Years 5 Months | Current |
| Madhuranthakam Nagini Also directs: Tak Systems LLP, Aakarsh Uav Private Limited | Director | 01 Nov 2008 | 17 Years 11 Months | Current |
Ownership and Shareholding of Avakash Technology 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 Avakash Technology Private Limited
Avakash Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Avakash Technology Private Limited
Employment history and EPFO contributions of people linked to Avakash Technology.
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.
Recent Activity on Avakash Technology Private Limited
Avakash Technology Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Heena Hemendra Dave ceased to be Director on 01 Nov 2008.
Credit Ratings, Litigation & Regulatory Alerts for Avakash Technology 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 Avakash Technology 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 Avakash Technology 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 Avakash Technology Private Limited
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 Avakash Technology 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 Avakash Technology Private Limited
Avakash Technology is an active private limited company based in Ahmedabad, Gujarat, India. The company works in consultancy, within the information technology industry. It was incorporated on 27 April 2004 (22+ years old) and is registered under CIN U72200GJ2004PTC044050.
Avakash Technology reported revenue of ₹1.93 Lakh for FY 2021 (up 136% YoY).
Avakash Technology has 2 current directors:
- Nikhil Dahyabhai Joshi - Director
- Madhuranthakam Nagini - Director
Avakash Technology reported a net loss of ₹7,298 (net margin -3.8%) and EBITDA of -₹163 (EBITDA margin -0.1%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avakash Technology is -17% over three years. In the latest year (FY 2021) revenue rose 136%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Avakash Technology is U72200GJ2004PTC044050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avakash Technology was incorporated on 27 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Heena Hemendra Dave ceased to be Director on 01 Nov 2008. Madhuranthakam Nagini was appointed as Director on 01 Nov 2008. Heena Hemendra Dave was appointed as Director on 27 Apr 2004. Avakash Technology has 4 board changes on record in total.
The registered office of Avakash Technology is at 6 Sarthi Bunglows Jashoda Nagar Cross Roads, Ahmedabad, Gujarat, India – 382445.
Avakash Technology has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.