Avance Technologies Limited

Name: Avance Technologies Limited - Comprehensive Company Report
Brand: The Company Check
SKU: L51900MH1985PLC035210
Price: 799 INR
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BSE: 512149 NSE: AVANCE

Avance Technologies Limited - telecom in Mumbai, Maharashtra, India. FY 2026 financials & compliance.

CIN L51900MH1985PLC035210 Incorporated 30 January 1985 ROC Mumbai HQ Mumbai, Maharashtra, India

Active Listed - NSE: AVANCE · BSE: 512149 Public Limited Company telecom

Market Cap

₹147 Cr

AVANCE · NSE

Share Price

₹0.72

0.00% today

Revenue

₹159 Cr

FY 2025-26 · -7.3% YoY

EBITDA

−₹0.51 Cr

Margin -0.3%

Net Profit

₹13.24 Cr

FY 2025-26 · +149.3% YoY

P/E (TTM)

16.9x

P/B 0.4x

ROE

2.9%

ROCE 2.4%

Debt / Equity

0.28

Interest cover -15.7x

About Avance Technologies Limited

Data last updated: 12 November 2026

Avance Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 30 January 1985 and has been in existence for over 41 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51900MH1985PLC035210. Its GSTIN is 27AAECA5763B1ZW (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 512149 and NSE: AVANCE.

The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹198.19 Cr. It is led by directors including Latesh Sukumar Kumar Poojary (Managing Director) and Santosh Babarao Hambare (Managing Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 404 Corporate Annexe Sonawala Road, Goregaon (East) Mumbai, Maharashtra, India – 400063.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹159.26 Cr, a decline of 7.3% compared to the previous year. For the same year it recorded a net profit of ₹13.24 Cr (net margin 8.3%) and EBITDA of -₹51 Lakh (EBITDA margin -0.3%). The net worth stands at ₹394.16 Cr (up 3.5% YoY). Total assets are valued at ₹558.22 Cr (up 27.8% YoY).

The company is associated with 1 brand: Avance. As per MCA filings, the company has open charges of ₹14.68 Lakh and satisfied charges of ₹152.95 Cr on record. Court records list 14 cases involving the company, including 7 filed by the company and 7 filed against it; 5 cases are pending. The company has 205 deals on record (204 market trades, 1 acquisition); the latest was in January 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avance.in.

Company details

CIN L51900MH1985PLC035210

Registration Number 035210

Incorporation Date 30 January 1985

ROC Mumbai

Listing Status Listed - Listed on NSE (AVANCE); Listed on BSE (512149)

Company Status Active

Compliance Status Active Compliant

CIN history

Avance Technologies has one previous CIN (Corporate Identification Number): U51900MH1985PLC035210. The current CIN is L51900MH1985PLC035210, which is the unique identifier assigned by the Registrar of Companies.

CIN	Status
L51900MH1985PLC035210	Current
U51900MH1985PLC035210	Previous

Key People

Latesh Sukumar Kumar Poojary Managing Director Santosh Babarao Hambare Managing Director Vasant Tukaram Bhoir Director

Contact details

Avance Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is avance.in. Its e-mail address and telephone number are in the company report.

Email
Telephone
Website
avance.in
Registered Address
404 Corporate Annexe Sonawala Road, Goregaon (East) Mumbai, Maharashtra, India – 400063
Industry
Telecom, Mobile Value-Added Services (VAS)

To see the full contact details of Avance Technologies Limited, buy the company report.

Comprehensive company report

Avance Technologies 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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Brands

Avance Technologies operates one associated brand: Avance. Each brand links to its own profile.

Brand	Description	Website
Avance	E-commerce business and technology consultancy services are provided.	avance.in

Business activity

The main business activity of Avance Technologies is information and communication. In detail, this covers other information & communication service activities.

Main activity group code	Main activity	Business activity code	Business activity	Share of turnover
J	Information and communication	J8	Other information & communication service activities

To see the full business activity and turnover split of Avance Technologies Limited, buy the company report.

Financials of Avance Technologies Limited

FY 2025-26 filings available

Avance Technologies Limited reported revenue of ₹159.26 Cr (down 7.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated

Revenue

₹159 Cr

-7.3% YoY

EBITDA

−₹0.51 Cr

-109.9% YoY

Profit After Tax

₹13.24 Cr

+149.3% YoY

Net Worth

₹394 Cr

+3.5% YoY

Total Assets

₹558 Cr

+27.8% YoY

Total Debt

₹164 Cr

+194.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2017-18	FY 2016-17	FY 2015-16
Income statement
Revenue	159	172	144	30.53	29.22	89.92	102
Revenue growth	-7.3%	+19.0%	+372.6%	-	-67.5%	-11.5%	-
EBITDA	(0.51)	5.17	2.50	0.48	0.16	0.20	(1.22)
EBITDA margin	-0.3%	+3.0%	+1.7%	+1.6%	+0.6%	+0.2%	-1.2%
Profit before tax	13.25	7.35	5.03	0.49	0.16	0.21	(1.08)
Net profit	13.24	5.31	4.88	0.39	0.12	0.20	0.12
Net profit margin	+8.3%	+3.1%	+3.4%	+1.3%	+0.4%	+0.2%	+0.1%
EPS (₹)	0.67	0.27	0.25	0.02	0.01	0.00	0.00
Balance sheet
Total assets	558	437	376	371	537	387	386
Net worth	394	381	376	371	387	387	386
Total debt	164	55.78	0.00	0.00	150	0.00	0.00
Cash & bank	48.98	20.51	14.80	0.06	0.05	0.36	0.11
Net working capital	111	22.86	(66.40)	(55.51)	120	(33.26)	(27.92)
Cash flow
Cash from operations	(137)	(67.62)	30.50	6.16	0.05	(1.34)	27.65
Cash from investing	57.48	17.56	25.87	7.36	(150)	1.58	(27.89)
Cash from financing	108	55.77	(41.62)	(13.51)	150	0.00	0.00

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	32.16	60.65	30.94	49.50	41.40	37.42	48.31	32.38
Revenue growth (YoY)	-22.3%	+62.1%	-36.0%	+52.9%	-6.4%	-20.2%	-	-
Other income	0.94	0.94	10.98	0.94	0.97	0.95	2.01	0.19
EBITDA	(6.89)	1.53	(0.54)	1.12	(1.73)	0.67	(1.85)	1.57
EBITDA margin	-21.4%	+2.5%	-1.7%	+2.3%	-4.2%	+1.8%	-3.8%	+4.8%
Depreciation	0.00	0.00	(0.01)	0.01	0.01	0.00	0.00	0.00
Interest	0.00	0.00	0.07	0.04	0.01	0.00	0.01	0.02
Profit before tax	(5.95)	2.47	10.38	2.01	(0.78)	1.62	0.15	1.74
Tax	0.00	0.00	0.01	0.00	0.00	0.00	1.51	0.00
Net profit	(5.95)	2.47	10.37	2.01	(0.78)	1.62	(1.36)	1.74
EPS (₹)	(0.03)	0.01	0.05	0.01	0.00	0.01	(0.01)	0.01

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	101	57.93	69.29	30.53	11.52	0.04	0.30
Revenue growth	+74.5%	-16.4%	+127.0%	+165.0%	-	-86.7%	-
EBITDA	(0.58)	1.04	(0.31)	0.48	(0.63)	(27.69)	(50.65)
EBITDA margin	-0.6%	+1.8%	-0.5%	+1.6%	-5.5%	-	-
Profit before tax	13.23	3.22	2.22	0.49	(0.61)	(27.56)	(50.62)
Net profit	12.60	2.08	2.07	0.39	(0.61)	0.03	0.02
Net profit margin	+12.5%	+3.6%	+3.0%	+1.3%	-5.3%	+75.0%	+6.7%
EPS (₹)	0.64	0.10	0.10	0.02	(0.03)	(1.39)	(2.55)
Balance sheet
Total assets	388	375	373	371	371	270	443
Net worth	388	375	373	371	371	270	297
Total debt	0.00	0.00	0.00	0.00	0.00	0.00	146
Cash & bank	0.23	0.36	0.07	0.06	0.04	0.26	0.06
Net working capital	(30.31)	(52.14)	(47.59)	(55.51)	(49.77)	(30.27)	137
Cash flow
Cash from operations	(76.57)	(6.18)	(5.85)	6.16	18.67	22.18	(3.16)
Cash from investing	76.44	6.47	34.65	7.36	(81.05)	2.27	3.18
Cash from financing	0.00	0.00	(28.78)	(13.51)	62.17	(24.26)	0.00

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	9.79	17.89	25.21	25.50	25.16	25.21	13.21	20.17
Revenue growth (YoY)	-61.1%	-29.0%	+90.8%	+26.4%	+23.8%	+496.0%	-	-
Other income	0.94	0.94	10.98	0.94	0.94	0.94	1.99	0.19
Total expenses	9.91	18.55	25.30	25.54	25.22	25.61	14.93	20.25
EBITDA	(0.12)	(0.66)	(0.09)	(0.04)	(0.06)	(0.40)	(1.72)	(0.08)
EBITDA margin	-1.2%	-3.7%	-0.4%	-0.2%	-0.2%	-1.6%	-13.0%	-0.4%
Depreciation	0.00	0.00	(0.01)	0.01	0.01	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00
Profit before tax	0.82	0.28	10.90	0.89	0.87	0.54	0.22	0.11
Tax	0.00	0.00	0.63	0.00	0.00	0.00	0.61	0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	32.16	60.65	30.94	49.50	41.40	37.42	48.31	32.38
Revenue growth (YoY)	-22.3%	+62.1%	-36.0%	+52.9%	-6.4%	-20.2%	-	-
Other income	0.94	0.94	10.98	0.94	0.97	0.95	2.01	0.19
EBITDA	(6.89)	1.53	(0.54)	1.12	(1.73)	0.67	(1.85)	1.57
EBITDA margin	-21.4%	+2.5%	-1.7%	+2.3%	-4.2%	+1.8%	-3.8%	+4.8%
Depreciation	0.00	0.00	(0.01)	0.01	0.01	0.00	0.00	0.00
Interest	0.00	0.00	0.07	0.04	0.01	0.00	0.01	0.02
Profit before tax	(5.95)	2.47	10.38	2.01	(0.78)	1.62	0.15	1.74
Tax	0.00	0.00	0.01	0.00	0.00	0.00	1.51	0.00
Net profit	(5.95)	2.47	10.37	2.01	(0.78)	1.62	(1.36)	1.74
EPS (₹)	(0.03)	0.01	0.05	0.01	0.00	0.01	(0.01)	0.01

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2017-18	FY 2016-17	FY 2015-16
Revenue	159	172	144	30.53	29.22	89.92	102
Revenue growth	-7.3%	+19.0%	+372.6%	-	-67.5%	-11.5%	-
Other income	13.84	2.20	2.53	0.01	0.05	0.01	0.14
Total expenses	160	167	142	30.05	29.06	89.72	103
Employee cost	0.15	0.14	0.09	0.11	0.06	0.09	0.10
EBITDA	(0.51)	5.17	2.50	0.48	0.16	0.20	(1.22)
EBITDA margin	-0.3%	+3.0%	+1.7%	+1.6%	+0.6%	+0.2%	-1.2%
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.08	0.02	0.00	0.00	0.05	0.00	0.00
Profit before tax	13.25	7.35	5.03	0.49	0.16	0.21	(1.08)
Tax	0.01	2.04	0.15	0.10	0.05	0.00	0.00
Net profit	13.24	5.31	4.88	0.39	0.12	0.20	0.12
Net profit margin	+8.3%	+3.1%	+3.4%	+1.3%	+0.4%	+0.2%	+0.1%
EPS (₹)	0.67	0.27	0.25	0.02	0.01	0.00	0.00

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2017-18	FY 2016-17	FY 2015-16
Equity & liabilities
Share capital	198	198	198	198	198	198	198
Reserves & surplus	196	183	178	173	189	188	188
Shareholders' funds (net worth)	394	381	376	371	387	387	386
Minority interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Secured loans	0.00	0.00	0.00	0.00	150	0.00	0.00
Unsecured loans	164	55.78	0.00	0.00	0.00	0.00	0.00
Total debt	164	55.78	0.00	0.00	150	0.00	0.00
Total liabilities	558	437	376	371	537	387	386
Assets
Gross block	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net block	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	191	235	250	276	223	222	224
Inventories	90.80	35.63	19.55	6.59	20.35	21.07	19.78
Sundry debtors	42.13	10.75	12.14	1.15	11.03	6.88	9.56
Cash & bank balances	48.98	20.51	14.80	0.06	0.05	0.36	0.11
Loans & advances	19.92	19.27	0.12	0.12	150	0.16	0.27
Total current assets	202	86.16	46.61	7.92	182	28.47	29.72
Total current liabilities	90.80	63.30	113	63.43	61.69	61.73	57.64
Net working capital	111	22.86	(66.40)	(55.51)	120	(33.26)	(27.92)
Total assets	558	437	376	371	537	387	386

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2017-18	FY 2016-17	FY 2015-16
Opening cash	20.51	14.80	0.06	0.04	0.36	0.11	0.35
Net cash from operating activities	(137)	(67.62)	30.50	6.16	0.05	(1.34)	27.65
Net cash from investing activities	57.48	17.56	25.87	7.36	(150)	1.58	(27.89)
Net cash from financing activities	108	55.77	(41.62)	(13.51)	150	0.00	0.00
Net change in cash	28.47	5.71	14.74	0.01	(0.31)	0.24	(0.24)
Closing cash	48.98	20.51	14.80	0.06	0.05	0.36	0.11

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2017-18	FY 2016-17	FY 2015-16
Growth
Sales growth	-7.3%	+19.0%	+372.6%	-	-67.5%	-11.5%	-
EBITDA growth	-109.9%	+106.8%	+420.8%	-	-20.0%	+116.4%	-
PBT growth	+80.3%	+46.1%	+926.5%	+206.3%	-23.8%	+9998.0%	+9997.0%
Net income growth	+149.3%	+8.8%	+1151.3%	-	-40.0%	+66.7%	-
Revenue CAGR (3Y)	+73.4%	+80.5%	+17.1%	-33.0%	-	-	-
EBITDA CAGR (3Y)	-	+218.5%	+132.1%	-	-	-	-
Profitability & leverage
Net income margin	+8.3%	+3.1%	+3.4%	+1.3%	+0.4%	+0.2%	-1.1%
Return on capital employed	+2.4%	+1.5%	+1.1%	+0.1%	+0.1%	+0.1%	0.0%
Return on net worth	+2.9%	+1.2%	+1.1%	+0.1%	+0.0%	+0.1%	0.0%
Debt / equity	0.28	0.07	0.00	0.00	0.19	0.00	0.00
Long-term debt / equity	0.26	0.07	0.00	0.00	0.00	0.00	0.00
Interest cover	-15.69	0.39	0.00	0.00	31.25	0.00	0.00
Efficiency & per share
Fixed asset turnover	31,852.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory turnover	2.52	6.23	11.04	4.63	1.41	4.40	5.14
Debtors turnover	6.02	15.01	21.71	26.55	3.26	10.94	10.63
EPS (₹)	0.67	0.27	0.25	0.02	0.01	0.00	0.00
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	19.89	19.22	18.98	18.73	19.51	1.95	1.95

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	9.79	17.89	25.21	25.50	25.16	25.21	13.21	20.17
Revenue growth (YoY)	-61.1%	-29.0%	+90.8%	+26.4%	+23.8%	+496.0%	-	-
Other income	0.94	0.94	10.98	0.94	0.94	0.94	1.99	0.19
Total expenses	9.91	18.55	25.30	25.54	25.22	25.61	14.93	20.25
EBITDA	(0.12)	(0.66)	(0.09)	(0.04)	(0.06)	(0.40)	(1.72)	(0.08)
EBITDA margin	-1.2%	-3.7%	-0.4%	-0.2%	-0.2%	-1.6%	-13.0%	-0.4%
Depreciation	0.00	0.00	(0.01)	0.01	0.01	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00
Profit before tax	0.82	0.28	10.90	0.89	0.87	0.54	0.22	0.11
Tax	0.00	0.00	0.63	0.00	0.00	0.00	0.61	0.00

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	101	57.93	69.29	30.53	11.52	0.04	0.30
Revenue growth	+74.5%	-16.4%	+127.0%	+165.0%	-	-86.7%	-
Other income	13.81	2.18	2.53	0.01	0.02	0.13	0.03
Total expenses	102	56.89	69.60	30.05	12.15	27.73	50.95
Employee cost	0.08	0.11	0.08	0.11	0.06	0.02	0.05
EBITDA	(0.58)	1.04	(0.31)	0.48	(0.63)	(27.69)	(50.65)
EBITDA margin	-0.6%	+1.8%	-0.5%	+1.6%	-5.5%	-	-
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	13.23	3.22	2.22	0.49	(0.61)	(27.56)	(50.62)
Tax	0.63	1.14	0.15	0.10	0.00	0.00	0.00
Net profit	12.60	2.08	2.07	0.39	(0.61)	0.03	0.02
Net profit margin	+12.5%	+3.6%	+3.0%	+1.3%	-5.3%	+75.0%	+6.7%
EPS (₹)	0.64	0.10	0.10	0.02	(0.03)	(1.39)	(2.55)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	198	198	198	198	198	198	198
Reserves & surplus	190	177	175	173	173	71.46	99.03
Shareholders' funds (net worth)	388	375	373	371	371	270	297
Secured loans	0.00	0.00	0.00	0.00	0.00	0.00	146
Unsecured loans	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total debt	0.00	0.00	0.00	0.00	0.00	0.00	146
Total liabilities	388	375	373	371	371	270	443
Assets
Gross block	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net block	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	162	235	242	276	284	202	205
Inventories	0.00	0.00	0.00	6.59	3.78	0.00	19.99
Sundry debtors	31.79	7.84	7.92	1.15	2.40	0.00	3.05
Cash & bank balances	0.23	0.36	0.07	0.06	0.04	0.26	0.06
Loans & advances	0.37	0.25	0.12	0.12	0.12	0.10	146
Total current assets	32.39	8.45	8.11	7.92	6.34	0.36	169
Total current liabilities	62.70	60.59	55.70	63.43	56.11	30.63	31.39
Net working capital	(30.31)	(52.14)	(47.59)	(55.51)	(49.77)	(30.27)	137
Total assets	388	375	373	371	371	270	443

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.36	0.07	0.06	0.04	0.26	0.06	0.03
Net cash from operating activities	(76.57)	(6.18)	(5.85)	6.16	18.67	22.18	(3.16)
Net cash from investing activities	76.44	6.47	34.65	7.36	(81.05)	2.27	3.18
Net cash from financing activities	0.00	0.00	(28.78)	(13.51)	62.17	(24.26)	0.00
Net change in cash	(0.13)	0.28	0.02	0.01	(0.21)	0.20	0.02
Closing cash	0.23	0.36	0.07	0.06	0.04	0.26	0.06

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+74.5%	-16.4%	+127.0%	+165.0%	-	-86.7%	-
EBITDA growth	-155.8%	+435.5%	-164.6%	+176.2%	+97.7%	+45.3%	-
PBT growth	+310.9%	+45.1%	+353.1%	+9998.0%	+97.8%	+45.6%	-
Net income growth	+505.8%	+0.5%	+430.8%	+163.9%	-2133.3%	+50.0%	-
Revenue CAGR (3Y)	+49.0%	+71.3%	+1101.0%	+366.9%	+50.2%	-88.9%	-85.1%
EBITDA CAGR (3Y)	-	-	-77.6%	-	+84.7%	-	-
Profitability & leverage
Net income margin	+12.5%	+3.6%	+3.0%	+1.3%	-5.3%	-	-
Return on capital employed	+2.9%	+0.7%	+0.5%	+0.1%	0.0%	0.0%	0.0%
Return on net worth	+2.8%	+0.5%	+0.5%	+0.1%	0.0%	0.0%	0.0%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.26	0.43
Long-term debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest cover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency & per share
Fixed asset turnover	20,216.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory turnover	0.00	0.00	21.03	5.89	6.10	0.00	0.02
Debtors turnover	5.10	7.35	15.28	17.20	9.60	0.03	0.09
EPS (₹)	0.64	0.10	0.10	0.02	(0.03)	(1.39)	(2.55)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	19.58	18.94	18.84	18.73	18.71	13.61	15.00

To see the full year-wise statements and ratios of Avance Technologies Limited, buy the company report.

Board of directors of Avance Technologies Limited

Avance Technologies has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors

Name	Designation	Appointment Date	Tenure	Status
Vasant Tukaram Bhoir Also directs: Panki Investments Limited	Director	01 Oct 2016	10 Years 1 Months	Current
Sanjay Atmaram Devlekar Also directs: Anvita Sales Corporation LLP, Joydeep Commosales LLP, Gujarish Tradewing LLP and 3 more	Director	05 Sep 2019	7 Years 2 Months	Current
Akshay Vijay Nawale Also directs: Allied Computers International (Asia) Limited, Sanguine Media Limited, Roho Real Estate Private Limited and 1 more	Director	06 Sep 2017	9 Years 2 Months	Current
Shakila Ramjansha Makandar Also directs: Bromide Entertainment Private Limited	Director	23 Oct 2018	8 Years 0 Months	Current
Deepak Yallappa Mane Also directs: Ethan Constructions Private Limited, Parkway Properties Private Limited, Verticore Technologies Private Limited and 2 more	Director	30 Sep 2019	7 Years 1 Months	Current
Latesh Sukumar Kumar Poojary Also directs: Verticore Technologies Private Limited, Avance Platforms Private Limited, Avance Ventures Private Limited	Managing Director	02 Jul 2025	1 Years 4 Months	Current

Showing 6 of 8 current directors. View all directors

Common directorships

Avance Technologies shares directors with Avance Platforms Private Limited, Verticore Technologies Private Limited, Aadhaar Ventures India Limited, Allied Computers International (Asia) Limited and Amritabhagwati Tradewing Private Limited, plus 20 other companies. Each of these companies has at least one director in common with it.

Company	Location	Status	Incorporated	Common directors
Avance Platforms Private Limited	Mumbai, Maharashtra, India	Active	07 Oct 2024	Srikrishna Bhamidipati, Deepak Yallappa Mane
Verticore Technologies Private Limited	Mumbai, Maharashtra, India	Active	31 Aug 2024	Srikrishna Bhamidipati, Deepak Yallappa Mane
Aadhaar Ventures India Limited	Surat, Gujarat, India	Active	01 Feb 1995	Sanjay Atmaram Devlekar
Allied Computers International (Asia) Limited	Mumbai, Maharashtra, India	Active	09 May 2002	Akshay Vijay Nawale
Amritabhagwati Tradewing Private Limited	Thane, Maharashtra, India	Active	26 Oct 1994	Akshay Vijay Nawale
Anvita Sales Corporation Llp	Mumbai, Maharashtra, India	Active	14 Aug 2014	Sanjay Atmaram Devlekar
Avance Ventures Private Limited	Mumbai, Maharashtra, India	Active	21 Apr 2023	Srikrishna Bhamidipati
Ayog Infrastructure Private Limited	Mumbai, Maharashtra, India	Active	21 Mar 2011	Deepak Yallappa Mane
Bromide Entertainment Private Limited	New Delhi, Delhi, India	Active	27 May 2019	Shakila Ramjansha Makandar
Eco Recycling Limited	Mumbai, Maharashtra, India	Active	01 Aug 1994	Srikrishna Bhamidipati
Energy Commotrade Private Limited	Kolkata, West Bengal, India	Active	08 Feb 2008	Sanjay Atmaram Devlekar
Ethan Constructions Private Limited	Mumbai, Maharashtra, India	Active	20 Oct 2009	Deepak Yallappa Mane
Gujarish Tradewing Llp	Ahmedabad, Gujarat, India	Active	18 Oct 2014	Sanjay Atmaram Devlekar
Joydeep Commosales Llp	Ahmedabad, Gujarat, India	Active	01 Oct 2014	Sanjay Atmaram Devlekar
Orange Mist Productions Private Limited	Mumbai, Maharashtra, India	Active	08 Feb 2008	Akshay Vijay Nawale
Panki Investments Limited	Lucknow, Uttar Pradesh, India	Active	16 Jul 1983	Vasant Tukaram Bhoir
Parkway Properties Private Limited	Mumbai, Maharashtra, India	Active	10 Apr 2007	Deepak Yallappa Mane
Roho Real Estate Private Limited	Mumbai, Maharashtra, India	Active	25 Nov 2009	Akshay Vijay Nawale
Sanguine Media Limited	Chennai, Tamil Nadu, India	Active	14 Sep 1995	Akshay Vijay Nawale
Bulltext Reality Private Limited	Thane, Maharashtra, India	Strike Off	14 Jun 2010	Deepak Yallappa Mane
Haritima Infrastructure Private Limited	Thane, Maharashtra, India	Strike Off	29 Mar 2011	Deepak Yallappa Mane
Jayalalita Commodities Private Limited	Mumbai, Maharashtra, India	Strike Off	29 Sep 2009	Akshay Vijay Nawale
Nirbhay Properties Private Limited	Thane, Maharashtra, India	Strike Off	02 Aug 2011	Vasant Tukaram Bhoir
Optusion Sfx Studios Private Limited	Mumbai, Maharashtra, India	Strike Off	16 Jun 2008	Srikrishna Bhamidipati
Orane Intelli Solutions Private Limited	Bangalore, Karnataka, India	Strike Off	27 Jun 2011	Shakila Ramjansha Makandar

Auditor

Avance Technologies Limited is audited by Rishi Sekhri and Associates for the financial year 2023.

Auditor firm	Financial year	Firm registration number
Rishi Sekhri and Associates	FY 2023	128216W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 0.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 99.30%.

Sep 2026

QUARTER

0.70% Promoters

99.30% Retail & Others

Promoter holding - history

Now 0.70% · Sep 2026High 0.70% · Dec 2025Low 0.70% · Dec 2025

Shareholding trend - last 6 quarters

	Sep 2026	Jun 2026	Mar 2026	Dec 2025
Promoters	0.70%	0.70%	0.70%	0.70%
Public	99.30%	99.30%	99.30%	99.30%

Charges & borrowings

Open charges

₹14.68 Lakh

Satisfied charges

₹152.95 Cr

Breakdown by lending institutions

Icici Bank Ltd.₹0.15 Cr

Latest charge details

Date	Charge ID	Lender	Amount	Status
26 Feb 1993	90373585	Icici Bank Ltd.	₹14.68 Lakh	Open
31 Mar 2018	100174284	Others	₹150 Cr	Satisfied
13 Jun 2003	90374006	Asset Reconstruction Company (India) Limited	₹2.95 Cr	Satisfied

To see the full charge records of Avance Technologies Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Avance Technologies Limited has 205 deals on record (204 market trades, 1 acquisition); the latest was in January 2026.

Total deals

205

Market trades

204

Acquisition

Deals on record (5 of 205)

When	Deal	Amount	Parties
Jan 2026	Market trade	₹2.53 Cr	Buyer: Alia Commosales LLP Seller: Alia Commosales LLP
Dec 2025	Market trade	₹2.52 Cr	Buyer: Empower Tradex Private Limited Seller: Empower Tradex Private Limited
Dec 2025	Market trade	₹3.39 Cr	Buyer: Alia Commosales LLP , Neo Apex Venture LLP Seller: Neo Apex Venture LLP
Dec 2025	Market trade	₹1.17 Cr	Buyer: Devi Traders LLP Seller: Devi Traders LLP
Dec 2025	Market trade	₹1.29 Cr	Buyer: Devi Traders LLP Seller: Devi Traders LLP

To see the full deal history of Avance Technologies Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Legal cases

Avance Technologies Limited has 14 court cases on record: 7 filed by Avance Technologies, 7 filed against it. 5 cases are pending and 9 are disposed.

Total cases

Filed by the company

Filed against the company

Pending

Disposed

Cases by court

Court	Cases	Against the company	Pending
District courts	6	3	4
High courts	5	1	1
NCLAT	2	2	0
NCLT	1	1	0

Cases on record (5 of 14)

Court	Type of case	Party	Status
NCLAT, Chairperson Court	Tribunal matter	Filed against the company by Il&Fs Financial Services Ltd.	Disposed
NCLAT, NCLAT New Delhi	Interim or miscellaneous application	Filed against the company by Il&Fs Financial Services Ltd.	Disposed
NCLT, Mumbai	Insolvency matter	Filed against the company by Il&Fs Financial Services Ltd.	Disposed
Bombay High Court	Writ petition	Filed by the company against Union of India	Pending
District court, Mumbai City Civil Court, Maharashtra	Court case (CRI APPEAL)	Filed by the company against The State of Maharashtra and Another One	Pending

To see the full case history of Avance Technologies 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 Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Avance Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs

Active

Cancelled / inactive

GSTIN	State	Status	Registered on
27AAECA5763B1ZW	Maharashtra	Active	01 Jul 2017

To see the full GST registrations and return filing status of Avance Technologies Limited, buy the company report.

Recent activity

Avance Technologies Limited has 35 board changes on record since 2002: 22 appointments and 13 cessations. The latest: Dipak Sambhaji Gaikwad was appointed as Additional Director on 30 Jun 2026.

Appointed

30 Jun 2026

Dipak Sambhaji Gaikwad was appointed as Additional Director.

Appointed

30 Jun 2026

Santosh Babarao Hambare was appointed as Managing Director.

Filing

31 Mar 2026

Avance Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.

AGM

29 Sep 2025

Avance Technologies Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.

Appointed

02 Jul 2025

Latesh Sukumar Kumar Poojary was appointed as Managing Director.

Ceased

01 Jul 2025

Srikrishna Srivenkateswarch Bhamidipati ceased to be Managing Director.

Charges

10 Sep 2024

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

Ceased

20 Jun 2022

Deepa Garg ceased to be Company Secretary.

Appointed

26 Mar 2021

Deepa Garg was appointed as Company Secretary.

Ceased

06 Dec 2019

Santwana Todi ceased to be Company Secretary.

Appointed

30 Sep 2019

Deepak Yallappa Mane was appointed as Director.

Ceased

28 Sep 2019

Sanjay Paleram Tak ceased to be Director.

32 earlier events are in the company report.

News

Avance Technologies consolidated net profit rises 52.47% in the June 2026 quarter | Capital Market News - Business Standard

12 Aug 2026 · Business Standard

Avance Technologies To Buy Up To 100% Stake In Pushpak AI

01 Jan 2026 · Reuters

Avance Technologies Limited signs non-binding term sheet to acquire B2B inventory liquidation marketplace www.excess2Sell.com | Zee Business

21 Jul 2025 · ZEE Business

Avance Technologies Limited Signs Non-Binding Term Sheet to Acquire a B2B Inventory Liquidation Marketplace www.Excess2Sell.com

17 Jul 2025 · Business Standard

Avance Technologies Ltd Reports Strong FY25 Performance; Net Profit Rises to Rs. 5.30 Cr, Revenue Grows 19% Y-o-Y to Rs. 173.96 Cr

02 Jun 2025 · Business Standard

Avance Technologies reports consolidated net loss of Rs 1.36 crore in the March 2025 quarter | Capital Market News - Business Standard

29 May 2025 · Business Standard

Frequently asked questions

What does Avance Technologies Limited do?

Avance Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in mobile value-added services (vas), within the telecom industry. It was incorporated on 30 January 1985 (41+ years old) and is registered under CIN L51900MH1985PLC035210. Listed on BSE: 512149 and NSE: AVANCE.

What is the revenue of Avance Technologies Limited?

Avance Technologies reported revenue of ₹159.26 Cr for FY 2025-26 (down 7.3% YoY) based on consolidated financials.

Who are the current directors of Avance Technologies Limited?

Avance Technologies has 8 current directors:

Latesh Sukumar Kumar Poojary - Managing Director
Santosh Babarao Hambare - Managing Director
Vasant Tukaram Bhoir - Director
Sanjay Atmaram Devlekar - Director
Akshay Vijay Nawale - Director
Shakila Ramjansha Makandar - Director
Deepak Yallappa Mane - Director
Dipak Sambhaji Gaikwad - Additional Director

Which is the latest financial year filed by Avance Technologies Limited?

The latest financial statements of Avance Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

What is the GST number of Avance Technologies Limited?

The GSTIN of Avance Technologies is 27AAECA5763B1ZW, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

What is the CIN of Avance Technologies Limited?

The CIN (Corporate Identification Number) of Avance Technologies is L51900MH1985PLC035210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Is Avance Technologies Limited a listed company?

Yes. Avance Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 512149) and NSE (symbol: AVANCE).

How many court cases does Avance Technologies Limited have?

Avance Technologies has 14 court cases on record: 7 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.

When was Avance Technologies Limited incorporated?

Avance Technologies was incorporated on 30 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.

What deals has Avance Technologies Limited been part of?

Avance Technologies has 205 deals on record (204 market trades, 1 acquisition); the latest was in January 2026.

Avance Technologies Limited

About Avance Technologies Limited

Company details

CIN history

Contact details

Brands

Business activity

Financials of Avance Technologies Limited

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Financial Statements

Board of directors of Avance Technologies Limited

Auditor

Shareholding

Charges & borrowings

Deals & funding

Deals on record (5 of 205)

Legal cases

Cases by court

Cases on record (5 of 14)

MSME payment delays

GST

Recent activity

News

Frequently asked questions

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Avance Technologies Limited

About Avance Technologies Limited

Company details

CIN history

Contact details

Brands

Business activity

Financials of Avance Technologies Limited

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr Consolidated Standalone AnnualQuarterly

Financial Statements

Board of directors of Avance Technologies Limited

Common directorships

Auditor

Shareholding

Charges & borrowings

Deals & funding

Deals on record (5 of 205)

Legal cases

Cases by court

Cases on record (5 of 14)

MSME payment delays

GST

Recent activity

News

Frequently asked questions

Financial summary ₹ Cr