India's Richest People 2026 edition · 1 director · Source: Hurun India
- #191 Nandan Nilekani & family ₹19,300 Cr
Revenue · FY 2024
₹252.1 Cr
▲ 122% YoY
Net loss · FY 2024
₹81.54 Cr
Net margin -32.3%
EBITDA · FY 2024
₹74.28 Cr
EBITDA margin 29.5%
Authorised capital
₹562.7 Cr
Registered with MCA
Paid-up capital
₹547.44 Cr
Issued & subscribed
Open charges
₹1,274.7 Cr
Satisfied ₹584 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
87
Provident fund records
About Avanti Finance Private Limited
Data last updated:
Avanti Finance Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 01 August 2016 and has been in existence for over 10 years.
Its director Nandan Nilekani and family are #191 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64920KA2016PTC138355. Its GSTIN is 29AAOCA6261A1ZP (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹562.7 Cr and a paid-up capital of ₹547.44 Cr. It is led by directors including Sukanya Kripalu Anand and Rahul Gupta.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹252.1 Cr, a growth of 122% compared to the previous year. For the same year it recorded a net loss of ₹81.54 Cr (net margin -32.3%) and EBITDA of ₹74.28 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 198% over three years and 165% over five years.
The company has about 87 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avanti Finance. As per MCA filings, the company has open charges of ₹1,274.7 Cr and satisfied charges of ₹584 Cr on record. Court records list 638 cases involving the company, including 605 filed by the company and 33 filed against it; 359 cases are pending. The company has 15 deals on record (7 funding rounds, 5 rights issues, 3 secondary share transfers), with disclosed funding of ₹579.07 Cr; the latest was in March 2025. Its 3 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Finnable Technologies Private Limited with revenue of ₹253.83 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avantifinance.in.
Company details
CIN U64920KA2016PTC138355
Registration Number 138355
Incorporation Date 01 August 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Avanti Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64920KA2016PTC138355, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64920KA2016PTC138355 | Current |
| U65929MH2016PTC284282 | Previous |
| U65929KA2016PTC138355 | Previous |
Recognitions & Rankings of Avanti Finance
Contact details
Avanti Finance Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address# 2727 2nd Floor 1st Main Road, Hal 3rd Stage Ward No 58 (Old No. 83), Bangalore, Karnataka, India – 560075
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
Comprehensive company report
Avanti Finance 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
Avanti Finance operates one associated brand: Avanti Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Avanti Finance is focused on providing affordable financial services. | avantifinance.in |
Business activity
The main business activity of Avanti Finance 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 Avanti Finance Private Limited, buy the company report.
Financials of Avanti Finance Private Limited
FY 2024 filings availableAvanti Finance Private Limited reported revenue of ₹252.1 Cr (up 122% YoY) for FY 2024.
Revenue · FY 2024
₹252.1 Cr ▲ 122%
Net loss · FY 2024
₹81.54 Cr margin -32.3%
EBITDA · FY 2024
₹74.28 Cr margin 29.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 122%
3 years · compounded
▲ 198%
5 years · compounded
▲ 165%
EBITDA CAGR growth
1 year
▲ 318%
3 years · compounded
▲ 60%
5 years · compounded
▲ 46%
Revenue has grown at a compounded annual rate (CAGR) of 165% over five years, including 122% growth in the latest year. EBITDA rose 318% 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 | ₹74.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81.54 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 | 29.5% | ||||
| Net Profit Margin | -32.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avanti Finance Private Limited, buy the company report.
Board of directors of Avanti Finance Private Limited
Avanti Finance has 8 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukanya Kripalu Anand Also directs: Aditya Birla Real Estate Limited, Colgate-Palmolive (India) Limited, Ceat Limited and 5 more | Director | 13 Jul 2022 | 4 Years 3 Months | Current |
| Rahul Gupta Also directs: Avanti Microfinance Private Limited | Director | 13 Jul 2022 | 4 Years 3 Months | Current |
| Bindu Ananth Also directs: Dvara Money Private Limited, Neogrowth Credit Private Limited, Dvara Health Finance Private Limited and 2 more | Nominee Director | 30 Sep 2021 | 5 Years 1 Months | Current |
| Vijay Laxman Kelkar | Director | 01 Aug 2016 | 10 Years 3 Months | Current |
| Nandan Mohan Nilekani Also directs: Indian Institute for Human Settlements, Infosys Limited, R. Tehmurasp Investment Company Private Limited and 1 more | Director | 01 Aug 2016 | 10 Years 3 Months | Current |
| Jeroen Bart Nicolaas Meerburg | Nominee Director | 24 Aug 2024 | 2 Years 2 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Avanti Finance Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit 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 |
|---|---|---|---|---|---|---|
| Finnable Technologies Private Limited | ₹253.83 Cr (FY 2025) | 44.0% | Bengaluru, Karnataka, India | |||
| Avanti Finance Private Limitedthis company | ₹252.1 Cr (FY 2024) | -₹81.54 Cr | -32.3% | 122.0% | Bangalore, Karnataka, India | |
| Bakliwal Fincom Pvt.Ltd. | ₹243.54 Cr (FY 2024) | 23.0% | Kolkata, West Bengal, India | |||
| CNH Industrial Capital (India) Private Limited | ₹242.93 Cr (FY 2024) | 3.0% | New Delhi, Delhi, India |
To see the full peer comparison of Avanti Finance Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,274.7 Cr
Satisfied charges
₹584 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2025 | 101203187 | Others | ₹10 Cr | Open | |
| 26 Sep 2025 | 101168400 | Others | ₹10 Cr | Open | |
| 22 Sep 2025 | 101163371 | Others | ₹15 Cr | Open | |
| 25 Aug 2025 | 101178024 | Others | ₹12.7 Cr | Open | |
| 07 Aug 2025 | 101161346 | Others | ₹15 Cr | Open |
To see the full charge records of Avanti Finance Private Limited, buy the company report.
Total charge records: 82 View all charges
Deals & funding
Avanti Finance Private Limited has 15 deals on record (7 funding rounds, 5 rights issues, 3 secondary share transfers), with disclosed funding of ₹579.07 Cr; the latest was in March 2025.
Total deals
15
Funding rounds
7
Rights issues
5
Secondary share transfers
3
Disclosed funding
₹579.07 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Funding round · Series B | ₹221.12 Cr | Investors: Rabo Partnerships BV, IDH Farmfit, Oikocredit |
| Dec 2022 | Funding round · Bridge | ₹32 Cr | Investors: Oikocredit, NRJN Family Trust |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Waao Partners Seller: K. R. Shroff Foundation |
| Sep 2021 | Funding round · Series A | ₹111 Cr | Investors: Bill & Melinda Gates Foundation, Oikocredit, Nomura Capital (India) Private Limited |
| Apr 2021 | Funding round · Series A | ₹45 Cr | Investors: Bill & Melinda Gates Foundation, Oikocredit, Nomura Capital (India) Private Limited |
To see the full deal history of Avanti Finance Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avanti Finance Private Limited has 638 court cases on record: 605 filed by Avanti Finance, 33 filed against it. 359 cases are pending and 279 are disposed.
Total cases
638
Filed by the company
605
Filed against the company
33
Pending
359
Disposed
279
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 615 | 20 | 352 |
| High courts | 17 | 11 | 7 |
| NCLT | 5 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 638)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed against the company by White Globe | Pending |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by White Globe | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Edgro Finance Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Guru Giri Traders | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
To see the full case history of Avanti Finance Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Avanti Finance Private Limited was last rated by Crisil on 27 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Nov 2020 |
To see the full credit ratings and regulatory alerts of Avanti Finance Private Limited, buy the company report.
MSME payment delays
Avanti Finance Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Osource Global Private Limited |
To see the full MSME payment records of Avanti Finance Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Avanti Finance has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA6261A1ZP | Karnataka | Active | 23 Jul 2019 |
| 27AAOCA6261A1ZT | Maharashtra | Active | 29 Jul 2017 |
To see the full GST registrations and return filing status of Avanti Finance Private Limited, buy the company report.
Recent activity
Avanti Finance Private Limited has 15 board changes on record since 2016: 8 appointments and 7 cessations. The latest: Roopa Satish was appointed as Nominee Director on 30 Apr 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101203187 was registered on 28 Nov 2025.
Charges
A charge registered on 19 Sep 2023 via Charge ID 100790748 with Others was fully satisfied on 04 Nov 2025.
Charges
A charge registered on 29 Sep 2023 via Charge ID 100796037 with Others was fully satisfied on 29 Oct 2025.
AGM
Avanti Finance Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101168400 was registered on 26 Sep 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101163371 was registered on 22 Sep 2025.
Charges
A charge registered on 28 Aug 2023 via Charge ID 100917986 with Others was fully satisfied on 15 Sep 2025.
Charges
A charge registered on 17 Aug 2023 via Charge ID 100827533 with Others was fully satisfied on 03 Sep 2025.
Charges
A charge with Others amounted to Rs. 12.70 Cr with Charge ID 101178024 was registered on 25 Aug 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101161346 was registered on 07 Aug 2025.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101174267 was registered on 25 Jul 2025.
Charges
A charge registered on 30 Dec 2022 via Charge ID 100666238 with Others was fully satisfied on 15 Jul 2025.
130 earlier events are in the company report.
News
Frequently asked questions
Avanti Finance is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 01 August 2016 (10+ years old) and is registered under CIN U64920KA2016PTC138355.
Avanti Finance has 8 current directors:
- Sukanya Kripalu Anand - Director
- Rahul Gupta - Director
- Bindu Ananth - Nominee Director
- Vijay Laxman Kelkar - Director
- Nandan Mohan Nilekani - Director
- Jeroen Bart Nicolaas Meerburg - Nominee Director
- Subramaniam Somasundaram - Director
- Roopa Satish - Nominee Director
The latest financial statements of Avanti Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Avanti Finance is 29AAOCA6261A1ZP, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAOCA6261A1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Avanti Finance is U64920KA2016PTC138355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanti Finance has 638 court cases on record: 605 filed by the company and 33 filed against it. 359 are pending. Most are in the district courts.
Avanti Finance was incorporated on 01 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Avanti Finance has 15 deals on record (7 funding rounds, 5 rights issues, 3 secondary share transfers), with disclosed funding of ₹579.07 Cr; the latest was in March 2025.
The peers of Avanti Finance by revenue are Finnable Technologies Private Limited, Bakliwal Fincom Pvt.Ltd, CNH Industrial Capital (India) Private Limited, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Roopa Satish was appointed as Nominee Director on 30 Apr 2025. Anirudh Jagdish Sarda ceased to be Nominee Director on 13 Dec 2024. Ratan Naval Tata ceased to be Director on 09 Oct 2024. Avanti Finance has 15 board changes on record in total.
Avanti Finance has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 17 Feb 2021.
Avanti Finance can be reached through the website avantifinance.in. Its registered office is in Bangalore, Karnataka, India.
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