MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0019248
Avant Finwise Private Limited
Avant Finwise Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.46 Cr
▼ 26% YoY
Net loss · FY 2024
₹1.02 Cr
Net margin -70.2%
EBITDA · FY 2024
-₹96.38 Lakh
EBITDA margin -66.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹8.5 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
42
Provident fund records
Directors on board
4
As per MCA filings
About Avant Finwise Private Limited
Data last updated:
Avant Finwise Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 03 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2016PTC280618. Its GSTIN is 27AAOCA3550G1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.5 Lakh. It is led by directors including Vikas Radheshyam Singh and Ajit Kolengat Kumar.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.46 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹1.02 Cr (net margin -70.2%) and EBITDA of -₹96.38 Lakh (EBITDA margin -66.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 162% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avant Finwise.
Avant Finwise Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0019248). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U67100MH2016PTC280618
Registration Number 280618
Incorporation Date 03 May 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0019248
Key People
Vikas Radheshyam Singh Director Anuj Kuthiala Additional Director Ajit Kolengat Kumar Director Recognitions & Rankings of Avant Finwise
Contact details
Avant Finwise Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address102 1st Floor Neoshine House Plot No B/52, Veera Industrial Estate Opp Monginis New Link Road, Mumbai, Maharashtra, India – 400053
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Avant Finwise Private Limited, buy the company report.
Comprehensive company report
Avant Finwise Private 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
Avant Finwise operates one associated brand: Avant Finwise. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services focused on priority sector lending, recovery, and consultative support. | avantfinwise.com |
Business activity
The main business activity of Avant Finwise is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Avant Finwise Private Limited, buy the company report.
Financials of Avant Finwise Private Limited
FY 2024 filings availableAvant Finwise Private Limited reported revenue of ₹1.46 Cr (down 26% YoY) for FY 2024.
Revenue · FY 2024
₹1.46 Cr ▼ 26%
Net loss · FY 2024
₹1.02 Cr margin -70.2%
EBITDA · FY 2024
-₹96.38 Lakh margin -66.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▲ 6%
5 years · compounded
▲ 162%
EBITDA CAGR growth
1 year
▼ 227%
3 years · compounded
▼ 83%
5 years · compounded
▼ 46%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 162%. EBITDA fell 227% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹96.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.02 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -66.2% | ||||
| Net Profit Margin | -70.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Avant Finwise Private Limited, buy the company report.
Board of directors of Avant Finwise Private Limited
Avant Finwise has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Radheshyam Singh Also directs: Emark Global Limited, Emark Green Energy Private Limited, Creditup Global Private Limited and 1 more | Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Anuj Kuthiala | Additional Director | 30 May 2019 | 7 Years 5 Months | Current |
| Ajit Kolengat Kumar | Director | 03 May 2016 | 10 Years 5 Months | Current |
| Anoop Gairola | Director | 03 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Avant Finwise Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prloans Services Private Limited | ₹1.51 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Deer Gold Dealers Pvt Ltd | ₹1.49 Cr (FY 2018) | 35.0% | Kolkata, West Bengal, India | |||
| Avant Finwise Private Limitedthis company | ₹1.46 Cr (FY 2024) | -₹1.02 Cr | -70.2% | -26.0% | 42 | Mumbai, Maharashtra, India |
| Dhanmax Finance Private Limited | ₹1.38 Cr (FY 2025) | 46.0% | Shivpuri, Madhya Pradesh, India | |||
| Purple Finance Limited | ₹1.37 Cr (FY 2023) | 44.0% | Mumbai, Maharashtra, India | |||
| Pnys Chit Funds (Kerala) Private Limited | ₹1.35 Cr (FY 2025) | 9.0% | Thrissur, Kerala, India |
To see the full peer comparison of Avant Finwise Private Limited, buy the company report.
Auditor
Avant Finwise Private Limited is audited by D S K & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D S K & ASSOCIATES | FY 2019 | 117710W |
Shareholding
The shareholding of Avant Finwise Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avant Finwise Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avant Finwise Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avant Finwise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avant Finwise Private Limited has a workforce of 42 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
42
Active EPFO establishments
1
Employee growth
44.83%
GST
Avant Finwise has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCA3550G1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avant Finwise Private Limited, buy the company report.
Recent activity
Avant Finwise Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Vikas Radheshyam Singh was appointed as Director on 09 Jan 2024.
AGM
Avant Finwise Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Filing
Avant Finwise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Appointed
Vikas Radheshyam Singh was appointed as Director.
Ceased
Ramakrishnan Venkateswaran ceased to be Director.
Appointed
Anuj Kuthiala was appointed as Additional Director.
Appointed
Ajit Kolengat Kumar was appointed as Director.
Appointed
Anoop Gairola was appointed as Director.
Incorporation
03 May 2016
Avant Finwise Private Limited was registered on 03 May 2016 with Roc Mumbai I & aged 10 years 5 months as per MCA records.
Frequently asked questions
Avant Finwise is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 03 May 2016 (10+ years old) and is registered under CIN U67100MH2016PTC280618.
Avant Finwise has 4 current directors:
- Vikas Radheshyam Singh - Director
- Anuj Kuthiala - Additional Director
- Ajit Kolengat Kumar - Director
- Anoop Gairola - Director
The latest financial statements of Avant Finwise on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Avant Finwise is 27AAOCA3550G1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avant Finwise is U67100MH2016PTC280618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avant Finwise was incorporated on 03 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Avant Finwise by revenue are Prloans Services Private Limited, Deer Gold Dealers Pvt Ltd, Dhanmax Finance Private Limited, Purple Finance Limited, Pnys Chit Funds (Kerala) Private Limited, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Vikas Radheshyam Singh was appointed as Director on 09 Jan 2024. Ramakrishnan Venkateswaran ceased to be Director on 10 Mar 2020. Anuj Kuthiala was appointed as Additional Director on 30 May 2019. Avant Finwise has 5 board changes on record in total.
Yes, Avant Finwise is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0019248).
The registered office of Avant Finwise is at 102 1st Floor Neoshine House Plot No B52, Veera Industrial Estate Opp Monginis New Link Road, Mumbai, Maharashtra, India – 400053.
Avant Finwise operates in the business outsourcing industry, in the business and IT consulting segment.
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