Avanse Financial Services Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1992.

1992 Mumbai, Maharashtra, India Active

Last Updated: December 20, 2025

About Avanse Financial Services Limited

Avanse Financial Services Limited, a active public limited company, was established on 07 August 1992 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U67120MH1992PLC068060. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹200.00 Cr and a paid-up capital of ₹125.91 Cr.

Formerly known as Avanse Financial Services Private Limited, Abhivruddhi Holdings Private Limited. It upholds a compliant status. Employing 723 professional, Its leadership includes Savita Mahajan (Director), Ravi Venkatraman (Director), Vikrant Virendra Gandhi (Cfo). Past directors included Neeraj N Saxena, Amrut Tilak Shah, Savita Mahajan. It holds ₹22,939.87 Cr open charges and ₹6,317.69 Cr settled loans. Its latest AGM occurred on 27 June 2025, with the balance sheet filed on 31 March 2025. It is based at 4Th Floor, E-Wing, Times Square, Andheri-Kurla Road, Gamdevi, Marol, Andheri East, Mumbai, Maharashtra, 400059.

Company Details

CIN/LLPIN
U67120MH1992PLC068060
Registration Number
068060
Incorporation Date
07 August 1992
Authorized Capital
₹200.00 Cr
Paid-Up Capital
₹125.91 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 200.00 Cr as on 20-12-2025
Paid Up Capital ₹ 125.91 Cr as on 20-12-2025
Company Age 33 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 22,939.87 Cr as on 20-12-2025
Satisfied Charges ₹ 6,317.69 Cr as on 20-12-2025
Revenue Growth **** 74.53% (FY 2024)
Profit Growth **** 117.18% (FY 2024)
Ebitda **** 77.34% (FY 2024)
Net Worth 71.02% (FY 2024)
Total Assets **** 47.38% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Avanse Financial Services 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 Avanse Financial Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Savita Mahajan	Director	01 Dec 2018	Current
Ravi Venkatraman	Director	05 Jul 2021	Current
Vikrant Virendra Gandhi	Cfo	21 Feb 2024	Current
Narendra Ostawal	Director	30 Jul 2019	Current
Sunish Sharma	Nominee Director	01 Jul 2024	Current
Hemant Omprakash Mundra	Nominee Director	01 Jul 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Ceo(Kmp)	31 Mar 2017	Past
Pramod Abcsdd	Director	23 Jul 2012	Past
Pramod Abcsdd	Additional Director	26 Sep 2019	Past
Pramod Abcsdd	Director	23 Jul 2012	Past
Pramod Abcsdd	Director	23 Jul 2012	Past
Pramod Abcsdd	Chief Financial Officer	-	Past

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Financial Performance of Avanse Financial Services.

Avanse Financial Services Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 74.53% increase. The company also saw a substantial improvement in profitability, with a 117.18% increase in profit. The company's net worth Soared by an impressive increase of 71.02%.

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

********

74.53%

*******

Revenue from Operations

*******

74.32%

*******

Total Assets

*******

47.38%

*******

Profit or Loss

*******

117.18%

*******

Net Worth

*******

71.02%

*******

EBITDA

*******

77.34%

*******

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What is the Ownership and Shareholding Structure of Avanse Financial Services?

In 2023, Avanse Financial Services had a promoter holding of 59.32% and a public holding of 40.67%. The company had 1 Subsidiary. 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

₹229,398,728,700.00

Satisfied Charges

₹63,176,939,741.00

Charges Breakdown by Lending Institutions

Others : 22939.87 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Sep 2025	Others	₹888.00 Cr	Open
22 Jul 2025	Others	₹150.00 Cr	Open
26 May 2025	Others	₹1,700.14 Cr	Open
20 Mar 2025	Others	₹85.88 Cr	Open
31 Oct 2024	Others	₹525.00 Cr	Open

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How Many Employees Work at Avanse Financial Services?

Avanse Financial Services has a workforce of 723 employees as of Jan 02, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Avanse Financial Services, 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 Avanse Financial Services'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.

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Latest Updates, News, and FAQs on Avanse Financial Services

Recent Activity within the Organization

Charges

Progress on A charge with Others of Rs. 14,315.00 Cr registered on 15 Oct 2020 with Charge ID 100384519 was modified on 02 Dec 2025. was documented.
02 Dec 2025
Charges

A charge registered on 28 Oct 2015 via Charge ID 10601908 with Gda Trusteeship Limited was fully satisfied on 13 Oct 2025. was recorded as a recent event.
13 Oct 2025
Charges

A charge with Others amounted to Rs. 888.00 Cr with Charge ID 101170953 was registered on 30 Sep 2025. was recorded as a recent event.
30 Sep 2025
Charges

Progress on A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101155821 was registered on 22 Jul 2025. was documented.
22 Jul 2025
Annual General Meeting

The activity Avanse Financial Services Limited last Annual general meeting of members was held on 27 Jun 2025 as per latest MCA records. was completed.
27 Jun 2025
Charges

A charge registered on 04 Nov 2022 via Charge ID 100685491 with Others was fully satisfied on 25 Jun 2025. was recorded as a recent event.
25 Jun 2025

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