Startup India Government of India
Avance Future Private Limited - consumer electronics & durables in Hyderabad, Telangana, India. Directors, charges & compliance details.
Revenue · FY 2022
₹23.25 Lakh
▲ 21% YoY
Net profit · FY 2022
₹17,641
Net margin 0.8%
EBITDA · FY 2022
₹1.58 Lakh
EBITDA margin 6.8%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹8 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
12
Provident fund records
Directors on board
2
As per MCA filings
About Avance Future Private Limited
Data last updated:
Avance Future Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 25 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U70109TG2021PTC148047.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Anil Govind Bonda (Managing Director) and Sanjeev Kumar Joshi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No. 172 Road No. 8 Dhana Lakshmi Colony Mahendra Hills, Hyderabad, Telangana, India – 500026.
As per the financials filed for FY 2022, the company reported a revenue of ₹23.25 Lakh, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹17,641 (net margin 0.8%) and EBITDA of ₹1.58 Lakh (EBITDA margin 6.8%).
The company has about 12 employees on its provident fund (EPFO) records.
Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 9 cases are pending.
Avance Future Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0040841). For more details, the company can be reached via its website hawafans.com.
Company details
CIN U70109TG2021PTC148047
Registration Number 148047
Incorporation Date 25 January 2021
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TS-02-0040841
Recognitions & Rankings of Avance Future
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-02-0040841
Contact details
Avance Future Private Limited's registered office is in Hyderabad, Telangana.
- Social Media
- Registered AddressPlot No. 172 Road No. 8 Dhana Lakshmi Colony Mahendra Hills, Hyderabad, Telangana, India – 500026
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
Comprehensive company report
Avance Future Private Limited - one report that includes everything
- 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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Business activity
The main business activity of Avance Future is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Avance Future Private Limited, buy the company report.
Financials of Avance Future Private Limited
FY 2022 filings availableAvance Future Private Limited reported revenue of ₹23.25 Lakh (up 21% YoY) for FY 2022.
Revenue · FY 2022
₹23.25 Lakh ▲ 21%
Net profit · FY 2022
₹17,641 margin 0.8%
EBITDA · FY 2022
₹1.58 Lakh margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
EBITDA CAGR growth
1 year
▲ 97%
Revenue rose 21% in the latest year. EBITDA rose 97% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| 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 | ₹1.58 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹17,641 | |
| 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
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.8% | |
| Net Profit Margin | 0.8% | |
| 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 | ||
To see the full financial statements and ratios of Avance Future Private Limited, buy the company report.
Board of directors of Avance Future Private Limited
Avance Future has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Kumar Joshi Also directs: Ashtecnoglob Solutions Private Limited | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Anil Govind Bonda Also directs: Trellis & Brick Builds LLP, Sonatro India Private Limited | Managing Director | 25 Jan 2021 | 5 Years 9 Months | Current |
Legal cases
Avance Future Private Limited has 11 court cases on record: 3 filed by Avance Future, 8 filed against it. 9 cases are pending and 2 are disposed.
Total cases
11
Filed by the company
3
Filed against the company
8
Pending
9
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 9 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by Laxmi Remote (India) Private Limited. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Lendingkart Finance Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Unity Small Finance Bank Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Avance Future Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avance Future Private Limited; 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 Avance Future Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avance Future Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Boghra Divya ceased to be Director on 10 Dec 2022.
Ceased
Boghra Divya ceased to be Director.
AGM
Avance Future Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Avance Future Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad.
Appointed
Anil Govind Bonda was appointed as Managing Director.
Appointed
Sanjeev Kumar Joshi was appointed as Director.
Incorporation
25 Jan 2021
Avance Future Private Limited was registered on 25 Jan 2021 with Roc Hyderabad & aged 5 years 9 months as per MCA records.
Frequently asked questions
Avance Future is an active private limited company based in Hyderabad, Telangana, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 25 January 2021 (5+ years old) and is registered under CIN U70109TG2021PTC148047.
Avance Future has 2 current directors:
- Anil Govind Bonda - Managing Director
- Sanjeev Kumar Joshi - Director
The latest financial statements of Avance Future on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Avance Future is U70109TG2021PTC148047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avance Future has 11 court cases on record: 3 filed by the company and 8 filed against it. 9 are pending.
Avance Future was incorporated on 25 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Hyderabad.
Boghra Divya ceased to be Director on 10 Dec 2022. Anil Govind Bonda was appointed as Managing Director on 25 Jan 2021. Sanjeev Kumar Joshi was appointed as Director on 25 Jan 2021.
Yes, Avance Future is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Avance Future is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-02-0040841).
Avance Future can be reached through the website hawafans.com. Its registered office is in Hyderabad, Telangana, India.