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 U67120MH1992PTC068060.
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.
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
- PDF report delivered after checkout
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 | ********* |
Board of Directors of Avanse Financial Services Limited
Avanse Financial Services Limited is currently managed by 13 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savita Mahajan | Director | 01 Dec 2018 | 7 Years 7 Months | Current |
| Ravi Venkatraman | Director | 05 Jul 2021 | 5 Years 0 Months | Current |
|
Narendra Ostawal
Also directs:
Nna Cre Properties Llp, Idfc First Bank Limited, Micro Life Sciences Private Limited and 2 more
|
Director | 30 Jul 2019 | 6 Years 11 Months | Current |
|
Sunish Sharma
Also directs:
Kedaara Capital Advisors Llp, Nish Capital Advisors Llp, Kedaara Capital Fund Ii Llp and 5 more
|
Nominee Director | 01 Jul 2024 | 2 Years 0 Months | Current |
|
Hemant Omprakash Mundra
Also directs:
Warburg Pincus India Private Limited, Fusion Finance Limited, Parksons Packaging Limited and 3 more
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Nominee Director | 01 Jul 2024 | 2 Years 0 Months | Current |
|
Amit Gainda
Also directs:
Avanse Global Finance Ifsc Private Limited
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Managing Director | 02 Mar 2022 | 4 Years 4 Months | Current |
Financials of Avanse Financial Services Limited FY 2025 filings available
Avanse Financial Services Limited reported revenue of ₹2,351.75 Cr (up 36% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
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| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
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| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
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| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
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| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
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| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
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| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
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| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
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| Total Assets | ***** | ***** | ***** | ***** | ***** |
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| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
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| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
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| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
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| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
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| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
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| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
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| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
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| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
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
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Employee Count & EPFO Data of Avanse Financial Services Limited
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GST Compliance of Avanse Financial Services Limited
GSTIN & GST Filing Data of Avanse Financial Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Avanse Financial Services Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Avanse Financial Services Limited
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MSME Payment Delays by Avanse Financial Services Limited
MSME Payment Delays by Avanse Financial Services Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Avanse Financial Services Limited
Subsidiaries & Group Companies of Avanse Financial Services Limited
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MCA Filings & Documents of Avanse Financial Services Limited
MCA Filings & Documents of Avanse Financial Services Limited
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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
- Vikrant Virendra Gandhi
- Amit Gainda
- Ravi Venkatraman
- Rajesh Pravinkumar Gandhi
- Narendra Ostawal
- Sunish Sharma
- Hemant Omprakash Mundra
- Amit Gainda
- Luca Molinari
- Rakesh Induprasad Bhatt
- Vijayalakshmi Rajaram Iyer
- Neeraj Swaroop
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.