Avance Technologies Limited - Company Profile

Q: Who are the current directors of Avance Technologies Limited?

The current directors of Avance Technologies Limited are Shakila Ramjansha Makandar, Vijaysingh Purohit, Deepak Yallappa Mane, Akshay Vijay Nawale, Vasant Tukaram Bhoir, Sanjay Atmaram Devlekar, Sneha Shrivastava, Latesh Sukumar Kumar Poojary.

It is a telecom public limited company based in Malad West, Maharashtra, India, established in 1985.

1985 Malad West, Maharashtra, India Active

Last Updated: December 22, 2025

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About Avance Technologies Limited

Avance Technologies Limited, a active public limited company, was established on 30 January 1985 in Malad West, Maharashtra, India. Engaging in mobile value-added services (vas) within the information and communication sector, it holds CIN: L51900MH1985PLC035210. Registered under ROC Roc Mumbai. it is listed on BSE: 512149. It has an authorized capital of ₹65.00 Cr and a paid-up capital of ₹198.19 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹30.54 Cr and a net worth of ₹371.27 Cr. Its leadership includes Shakila Ramjansha Makandar (Director), Deepak Yallappa Mane (Director), Akshay Vijay Nawale (Director). Past directors included Shakila Ramjansha Makandar, Ronak Devendra Chheda, Santwana Todi. It holds ₹1.47 M open charges and ₹152.95 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at #211, Lotus Business Park, 2Nd Floor,, S.V. Road, Malad (West), Malad West, Maharashtra, 400064.

Company Details

CIN/LLPIN
L51900MH1985PLC035210
Registration Number
035210
Incorporation Date
30 January 1985
Authorized Capital
₹65.00 Cr
Paid-Up Capital
₹198.19 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 512149)
Company Status
Active

Key Metrics

Authorised Capital ₹ 65.00 Cr as on 22-12-2025
Paid Up Capital ₹ 198.19 Cr as on 22-12-2025
Company Age 41 Year, 8 Days
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 1.47 M as on 22-12-2025
Satisfied Charges ₹ 152.95 Cr as on 22-12-2025
Revenue Growth **** 164.86% (FY 2023)
Profit Growth **** 165.93% (FY 2023)
Ebitda **** 177.71% (FY 2023)
Net Worth 0.11% (FY 2023)
Total Assets **** 1.81% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Avance Technologies Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Avance Technologies Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shakila Ramjansha Makandar	Director	23 Oct 2018	Current
Deepak Yallappa Mane	Director	30 Sep 2019	Current
Akshay Vijay Nawale	Director	06 Sep 2017	Current
Vasant Tukaram Bhoir	Director	01 Oct 2016	Current
Sanjay Atmaram Devlekar	Director	05 Sep 2019	Current
Latesh Sukumar Kumar Poojary	Managing Director	02 Jul 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Director	12 Nov 2012	Past
Pramod Abcsdd	Company Secretary	06 Dec 2019	Past
Pramod Abcsdd	Director	28 Sep 2019	Past
Pramod Abcsdd	Director	01 Oct 2014	Past
Pramod Abcsdd	Director	04 Oct 2014	Past

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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%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

164.86%

*******

Revenue from Operations

*******

165.13%

*******

Total Assets

*******

1.81%

*******

Profit or Loss

*******

165.93%

*******

Net Worth

*******

0.11%

*******

EBITDA

*******

177.71%

*******

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What is the Ownership and Shareholding Structure of Avance Technologies?

In 2023, Avance Technologies had a promoter holding of 0.88% and a public holding of 99.11%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,468,390.00

Satisfied Charges

₹1,529,500,000.00

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

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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.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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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

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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.

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Latest Updates, News, and FAQs on Avance Technologies

Recent Activity within the Organization

Director Appointment

Progress on Latesh Sukumar Kumar Poojary was appointed as a Managing Director was appointed as a Managing Director on 02 Jul 2025 & has been associated with this company since 7 months 8 days . was documented.
02 Jul 2025
Annual General Meeting

Avance Technologies Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Charges

The activity A charge registered on 31 Mar 2018 via Charge ID 100174284 with Others was fully satisfied on 10 Sep 2024. was completed.
10 Sep 2024
Balance Sheet

Avance Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.
31 Mar 2024
Director Appointment

The activity 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 3 years 7 months . was completed.
21 Jun 2022
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 6 years 4 months . was recorded as a recent event.
30 Sep 2019

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