Avance Technologies Profile
Key Indicators
- Authorised Capital ₹ 65.00 Cr
- Paid Up Capital ₹ 198.19 Cr
- Company Age 40 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.47 M
- Satisfied Charges ₹ 152.95 Cr
- Revenue Growth 164.86%
- Profit Growth 165.93%
- Ebitda 177.71%
- Net Worth 0.11%
- Total Assets 1.81%
About Avance Technologies
Avance Technologies Limited (ATL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 January 1985 and has a history of 40 years and four months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 512149.
The Company is engaged in the Telecom Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 65.00 Cr and a paid-up capital of Rs 198.19 Cr.
The company currently has active open charges totaling ₹1.47 M. The company has closed loans amounting to ₹152.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Avance Technologies Limited India are Sneha Shrivastava as COMPANY SECRETARY and Vijaysingh Purohit as Cfo. Akshay Nawale, Deepak Mane, Sanjay Devlekar, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L51900MH1985PLC035210
- Company No.
035210
- Stock Symbol
BSE : 512149
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Jan 1985
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Telecom
What products or services does Avance Technologies Limited offer?
Avance Technologies Limited offers a wide range of products and services, including Telecom Services, Engg & Maintenance, Telecommunication Services, Internet Marketing & Promotion, Website Promotion Services, Mobile Communication Services.
Avance Technologies Limited
Explore comprehensive data for Avance Technologies Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Avance Technologies?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sneha Shrivastava  | Company Secretary | 21-Jun-2022 | Current |
| Vijaysingh Purohit | CFO | 06-Sep-2017 | Current |
| Srikrishna Bhamidipati | Managing Director | 15-Jan-2002 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shakila Makandar | Director | 23-Oct-2018 | Current |
| Akshay Nawale | Director | 06-Sep-2017 | Current |
| Deepak Mane | Director | 30-Sep-2019 | Current |
| Sanjay Devlekar | Director | 05-Sep-2019 | Current |
| Vasant Bhoir | Director | 01-Oct-2016 | Current |
Financial Performance of Avance Technologies.
Avance Technologies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 164.86% increase. The company also saw a substantial improvement in profitability, with a 165.93% increase in profit. The company's net worth moved up by a moderate rise of 0.11%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avance Technologies?
In 2022, Avance Technologies had a promoter holding of 0.88% and a public holding of 99.13%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Eco Recycling LimitedSrikrishna Bhamidipati is a mutual person
Allied Computers International (Asia) LimitedAkshay Nawale is a mutual person
Sanguine Media LimitedAkshay Nawale is a mutual person
Roho Real Estate Private LimitedAkshay Nawale is a mutual person
- Amritabhagwati Tradewing Private Limited
Akshay Nawale is a mutual person
- Orange Mist Productions Private Limited
Akshay Nawale is a mutual person
Charges (Loans)
Open Charges
₹0.15 Cr
Satisfied Charges
₹152.95 Cr
Charges Breakdown by Lending Institutions
- Icici Bank Ltd. : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 1993 | Icici Bank Ltd. | ₹1.47 M | Open |
| 31 Mar 2018 | Others | ₹150.00 Cr | Satisfied |
| 13 Jun 2003 | Asset Reconstruction Company (India) Limited | ₹2.95 Cr | Satisfied |
How Many Employees Work at Avance Technologies?
Unlock and access historical data on people associated with Avance Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Avance Technologies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Avance Technologies's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Avance Technologies
Recent activity within the organization
- Annual General Meeting
Avance Technologies Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 31 Mar 2018 via Charge ID 100174284 with Others was fully satisfied on 10 Sep 2024.
- Balance Sheet
Avance Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Sneha Shrivastava was appointed as a Company Secretary was appointed as a Company Secretary on 21 Jun 2022 & has been associated with this company since 2 years 11 months .
- Director Appointment
Deepak Yallappa Mane was appointed as a Director was appointed as a Director on 30 Sep 2019 & has been associated with this company since 5 years 8 months .
- Director Appointment
Sanjay Atmaram Devlekar was appointed as a Director was appointed as a Director on 05 Sep 2019 & has been associated with this company since 5 years 9 months .
Recent News, Updates & Announcement
- "Board of Directors Proposes Consolidation of Equity Share Capital for AvanceTech: Members' Approval Required via Postal Ballot #BigChange #ShareCapital #ApprovalNeeded".
When the Board of Directors met today, they decided to make a change in the company's Equity Share Capital. They want to consolidate it from Re. 1/- to Rs. 10/- each, but they need the approval of the Members through Postal Ballot. #BigChange #ShareCapital #ApprovalNeeded #AvanceTech.
Frequently asked questions
What is the Incorporation or founding date of Avance Technologies Limited?
Avance Technologies Limited was incorporated on 30 Jan 1985.
What is authorized share capital and paid-up capital of Avance Technologies Limited?
The authorized share capital of Avance Technologies Limited is ₹ 65.00 Cr and paid-up capital is ₹ 198.19 Cr.
Who are the current board members & directors of Avance Technologies Limited?
Currently 8 directors are associated with Avance Technologies Limited.
- Akshay Vijay Nawale
- Sneha Shrivastava
- Vijaysingh Purohit
- Deepak Yallappa Mane
- Sanjay Atmaram Devlekar
- Vasant Tukaram Bhoir
- Shakila Ramjansha Makandar
- Srikrishna Bhamidipati
What is the registered address of Avance Technologies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avance Technologies Limited is Office No. 226/227 Majestic Center Second Floor 144 Opera House, India, Mumbai, Maharashtra, 400004.
What is the corporate identification number (CIN) and company number of Avance Technologies Limited?
The corporate identification number (CIN) of Avance Technologies Limited is L51900MH1985PLC035210 and the company number is 035210 as per Ministry of Corporate Affairs (MCA).
Is Avance Technologies Limited registered with any stock exchange in India?
Yes, Avance Technologies Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Avance Technologies Limited?
The Official website of Avance Technologies Limited is https://www.avance.in
What has been the recent revenue trend for Avance Technologies Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avance Technologies Limited has risen by 164.86%.
What change has been observed in the net worth of Avance Technologies Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avance Technologies Limited has experienced an upsurge of 0.11%.
What are the total open charges for Avance Technologies Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avance Technologies Limited amount to ₹ 1.47 M.
When was the last Balance Sheet of Avance Technologies Limited filed with the ROC?
The most recent Balance Sheet for Avance Technologies Limited was filed with the ROC on 31 Mar 2024.
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