About Avanse Financial Services Limited
Data last updated: 13 February 2026
Avanse Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 07 August 1992, the company has been in operation for over 34 years.
Registered with ROC Mumbai under CIN U67120MH1992PLC068060.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹157.66 Cr. Formerly known as Avanse Financial Services Private Limited and Abhivruddhi Holdings Private Limited. It is led by directors including Savita Mahajan and Ravi Venkatraman.
Last AGM: 27 June 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,351.75 Cr, a growth of 36% compared to the previous year.
The company has a workforce of approximately 723 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Avanse. As per MCA filings, the company has open charges of ₹24,040 Cr and satisfied charges of ₹6,542.69 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avanse.com.
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Registered Address4Th Floor E – Wing Times Square Andheri – Kurla Road, Gamdevi Marol Andheri East, Mumbai, Maharashtra, India – 400059
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IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Avanse Financial Services Limited
Avanse Financial Services Limited has undergone 2 name changes throughout its history. The company was previously known as Avanse Financial Services Private Limited, and Abhivruddhi Holdings Private Limited. The current legal name is Avanse Financial Services Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Avanse Financial Services Limited | Current |
| Avanse Financial Services Private Limited | Previous |
| Abhivruddhi Holdings Private Limited | Previous |
CIN History of Avanse Financial Services Limited
Avanse Financial Services Limited has one previous CIN (Corporate Identification Number): U67120MH1992PTC068060. The current CIN is U67120MH1992PLC068060, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1992PLC068060 | Current |
| U67120MH1992PTC068060 | Previous |
Associated Brands with Avanse Financial Services Limited
Avanse Financial Services Limited operates one associated brand: Avanse. These brands represent Avanse Financial Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Financial services for education loans and refinancing are provided. | avanse.com |
Competitors & Alternatives of Avanse Financial Services Limited
Brands and companies operating in the same space as Avanse Financial Services Limited include Auxilo, Varthana, Neev Finance and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Auxilo
|
Financial products for education loans and services are provided. | Mumbai, India, India | 2017 |
Varthana
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School and student loan solutions are provided for educational needs. | Bengaluru, India, India | 2013 |
Neev Finance
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Short-term loans for K-12 school fees are offered to parents. | Bengaluru, India, India | 2016 |
Vidyashri
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Provides comprehensive solutions for education loans to support student financing. | Chennai, India, India | 2019 |
Kashmir Finance
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Offers fast and easy student loans for education across India. | Mumbai, India, India | 2012 |
Springboard Financial Services
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Provides student loans tailored for vocational training programs. | Mumbai, India, India | 2011 |
India2Usa
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Educational consultancy providing counseling and assistance for USA study programs. | Hyderabad, India, India | 2003 |
Education Loan
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Provides comprehensive solutions for education loans to support students and institutions. | Haryana, India, India | 2019 |
Business Activity of Avanse Financial Services Limited
Avanse Financial Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including financial and credit leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | Locked |
Business activity turnover details for Avanse Financial Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Avanse Financial Services Limited
Avanse Financial Services Limited is audited by T.R.CHADHA & CO. LLP for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T.R.CHADHA & CO. LLP | Locked | Locked | Locked |
Complete auditor history for Avanse Financial Services Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Avanse Financial Services Limited
Avanse Financial Services Limited is currently managed by 10 directors, with 33 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Avanse Financial Services Limited FY 2025 filings available
Avanse Financial Services Limited reported revenue of ₹2,351.75 Cr (up 36.00% YoY) for FY 2025.
Ten-year financial statements for Avanse Financial Services Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Avanse Financial Services Limited
Shareholding and ownership data for Avanse Financial Services Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Group Structure of Avanse Financial Services Limited
Avanse Financial Services Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Avanse Financial Services Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Avanse Global Finance Ifsc Private Limited | U65900GJ2023PTC138316 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Avanse Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2025 | Others | ₹888 Cr | Open |
| 22 Jul 2025 | Others | ₹150 Cr | Open |
| 26 May 2025 | Others | ₹1,700.14 Cr | Open |
| 20 Mar 2025 | Others | ₹85.88 Cr | Open |
| 31 Oct 2024 | Others | ₹525 Cr | Open |
Total charge records: 75 View all charges
Employees and EPFO Compliance at Avanse Financial Services Limited
Avanse Financial Services Limited has a workforce of 723 employees as of Jan 02, 2025.
Employee and EPFO history for Avanse Financial Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Avanse Financial Services Limited
GST registrations and filing compliance for Avanse Financial Services Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Avanse Financial Services Limited
Credit ratings, litigation, and regulatory alerts for Avanse Financial Services Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Avanse Financial Services Limited
MSME payment history for Avanse Financial Services Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Avanse Financial Services Limited
Corporate group structure for Avanse Financial Services Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Avanse Financial Services Limited
MCA filings and documents for Avanse Financial Services Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Avanse Financial Services Limited
Recent News on Avanse Financial Services Limited
Frequently Asked Questions about Avanse Financial Services Limited
Avanse Financial Services Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 07 August 1992 (34+ years old) and is registered under CIN U67120MH1992PLC068060. The company has 723 employees.
Avanse Financial Services Limited reported revenue of ₹2,351.75 Cr for FY 2025 (up 36.00% YoY).
The current directors of Avanse Financial Services Limited are:
- Savita Mahajan - Director
- Ravi Venkatraman - Director
- Narendra Ostawal - Director
- Sunish Sharma - Nominee Director
- Hemant Omprakash Mundra - Nominee Director
- Amit Gainda - Managing Director
- Luca Molinari - Nominee Director
- Rakesh Induprasad Bhatt - Director
- Vijayalakshmi Rajaram Iyer - Director
- Neeraj Swaroop - Director
The primary industry of Avanse Financial Services Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Avanse Financial Services Limited can be reached at the registered office: 4Th Floor E – Wing Times Square Andheri – Kurla Road, Gamdevi Marol Andheri East, Mumbai, Maharashtra, India – 400059, or through the website avanse.com.
The authorised capital is ₹200 Cr, and the paid-up capital is ₹157.66 Cr.