MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-TN-02-0015512
Avancer Software Solutions Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹79.34 Lakh
▼ 44% YoY
Net profit · FY 2020
₹36,721
Net margin 0.5%
EBITDA · FY 2020
₹25.85 Lakh
EBITDA margin 32.6%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹15.43 Lakh
Issued & subscribed
Open charges
₹1.91 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
40
Provident fund records
About Avancer Software Solutions Private Limited
Data last updated:
Avancer Software Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2015PTC101180. Its GSTIN is 33AANCA6146K1ZG (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.43 Lakh. It is led by directors Vipin Jacob Madathivila (Managing Director) and Neha Baby.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at A38 Sipcot IT Park 2nd Floor Second Cross Road Siruseri, Chennai, Tamil Nadu, India – 603103.
As per the financials filed for FY 2020, the company reported a revenue of ₹79.34 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹36,721 (net margin 0.5%) and EBITDA of ₹25.85 Lakh (EBITDA margin 32.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.91 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Avancer Software Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0015512). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avancer.in.
Company Details of Avancer Software Solutions Private Limited
CIN U72900TN2015PTC101180
Registration Number 101180
Incorporation Date 30 June 2015
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0015512
Recognitions & Rankings of Avancer Software Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA38 Sipcot IT Park 2nd Floor Second Cross Road Siruseri, Chennai, Tamil Nadu, India – 603103
- IndustryInformation Technology, IT Consulting & Support Services
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Business Activity of Avancer Software Solutions Private Limited
The main business activity of Avancer Software Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Avancer Software Solutions Private Limited FY 2020 filings available
Avancer Software Solutions Private Limited reported revenue of ₹79.34 Lakh (down 44% YoY) for FY 2020.
Revenue · FY 2020
₹79.34 Lakh ▼ 44%
Net profit · FY 2020
₹36,721 margin 0.5%
EBITDA · FY 2020
₹25.85 Lakh margin 32.6%
Compounded Annual Growth Rate (CAGR) of Avancer Software Solutions Private Limited
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 401%
3 years · compounded
▲ 56%
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 44% fall in the latest year. EBITDA rose 401% 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 Avancer Software Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹79.34 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹25.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹36,721 | •••• | •••• | •••• | •••• |
| 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 Avancer Software Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Avancer Software Solutions are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Avancer Software Solutions Private Limited
Avancer Software Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipin Jacob Madathivila Also directs: Mbind Solutions Private Limited | Managing Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Neha Baby Also directs: Mbind Solutions Private Limited | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
Peer Comparison of Avancer Software Solutions Private Limited
Avancer Software Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technext Technosoft Private Limited | ₹79.75 Lakh (FY 2025) | •••• | •••• | 123.0% | •••• | Centre Durgapur, West Bengal, India |
| Acumen BPO Private Limited | ₹79.5 Lakh (FY 2025) | •••• | •••• | 111.0% | •••• | Hyderabad, Telangana, India |
| Asg Corporate Solutions Private Limited | ₹79.44 Lakh (FY 2025) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| Vidus Consulting Private Limited | ₹79.41 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Newgalexy Services India Private Limited | ₹79.37 Lakh (FY 2019) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Avancer Software Solutions Private Limited this company | ₹79.34 Lakh (FY 2020) | •••• | •••• | -44.0% | •••• | Chennai, Tamil Nadu, India |
| Tasks Assistant Private Limited | ₹79.34 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Kalyan, Maharashtra, India |
| GKC Associates Private Limited | ₹79.18 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| La Decoller Private Limited | ₹79.03 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Nine Star Multiservices Private Limited | ₹78.92 Lakh (FY 2025) | •••• | •••• | 57.0% | •••• | Chandrapur, Maharashtra, India |
| Intellect BPO Services Private Limited | ₹78.83 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Avancer Software Solutions by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Avancer Software Solutions Private Limited
Avancer Software Solutions Private Limited is audited by RAJAGOPALAN S & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJAGOPALAN S & CO | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Avancer Software Solutions Private Limited
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Charges & Borrowings of Avancer Software Solutions Private Limited
Open charges
₹1.91 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Mar 2019 | Indian Overseas Bank | ₹1.91 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Avancer Software Solutions Private Limited
Avancer Software Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 04 Oct 2026.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Disposed |
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All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Avancer Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Avancer Software Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Avancer Software Solutions Private Limited
Avancer Software Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Neha Baby was appointed as Director on 30 Jun 2015.
AGM
Avancer Software Solutions Private Limited last Annual general meeting of members was held on 29 Dec 2020 as per latest MCA records.
Filing
Avancer Software Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Chennai.
Charges
A charge with Indian Overseas Bank amounted to Rs. 191.00 Lakh with Charge ID 100257414 was registered on 22 Mar 2019.
Appointed
Neha Baby was appointed as Director.
Appointed
Vipin Jacob Madathivila was appointed as Managing Director.
Incorporation
30 Jun 2015
Avancer Software Solutions Private Limited was registered on 30 Jun 2015 with Roc Chennai & aged 11 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Avancer Software Solutions Private Limited
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MSME Payment Delays by Avancer Software Solutions Private Limited
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Subsidiaries & Group Companies of Avancer Software Solutions Private Limited
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GST Compliance of Avancer Software Solutions Private Limited
Avancer Software Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AANCA6146K1ZG | Tamil Nadu | Active | 01 Jul 2017 |
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MCA Filings & Documents of Avancer Software Solutions Private Limited
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Frequently Asked Questions about Avancer Software Solutions Private Limited
Avancer Software Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 June 2015 (11+ years old) and is registered under CIN U72900TN2015PTC101180.
Avancer Software Solutions reported revenue of ₹79.34 Lakh for FY 2020 (down 44% YoY).
Avancer Software Solutions has 2 current directors:
- Vipin Jacob Madathivila - Managing Director
- Neha Baby - Director
Avancer Software Solutions reported a net profit of ₹36,721 (net margin 0.5%) and EBITDA of ₹25.85 Lakh (EBITDA margin 32.6%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avancer Software Solutions is -1% over three years. In the latest year (FY 2020) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avancer Software Solutions is 33AANCA6146K1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Avancer Software Solutions is U72900TN2015PTC101180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avancer Software Solutions has 1 court case on record: 1 filed against it.
Avancer Software Solutions was incorporated on 30 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Avancer Software Solutions by revenue are Technext Technosoft Private Limited, Acumen BPO Private Limited, Asg Corporate Solutions Private Limited, Vidus Consulting Private Limited, Newgalexy Services India Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Neha Baby was appointed as Director on 30 Jun 2015. Vipin Jacob Madathivila was appointed as Managing Director on 30 Jun 2015.