About Avanti Microfinance Private Limited
Data last updated:
Avanti Microfinance Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Avanti Finance Private Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 07 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65929KA2016PTC138292. Its GSTIN is 29AAOCA8235G1ZB (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹39.52 Cr. It is led by directors including Rahul Gupta and Manish Purshottam Thakkar.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.94 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹76.19 Lakh (net margin 39.4%) and EBITDA of ₹76.19 Lakh (EBITDA margin 39.4%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years and 42% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Avanti Mfin and Avanti Finance. The company has 3 deals on record (3 rights issues); the latest was in July 2021. Its 10 peer companies in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Cellphone Credit and Securities India Private Limited with revenue of ₹1.94 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avantimfin.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address# 2727 2nd Floor 1st Main Road, Hal 3rd Stage Ward No 58 (Old No. 8), Bangalore, Karnataka, India – 560075
- IndustryFinancial Services, Microfinance Institutions, NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Avanti Microfinance Private Limited
The main business activity of Avanti Microfinance is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avanti Microfinance Private Limited FY 2025 filings available
Avanti Microfinance Private Limited reported revenue of ₹1.94 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Avanti Microfinance Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 58% growth 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 of Avanti Microfinance Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹76.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹76.19 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Avanti Microfinance Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 39.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avanti Microfinance are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Avanti Microfinance Private Limited
Avanti Microfinance Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cellphone Credit and Securities India Private Limited | ₹1.94 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | New Delhi, Delhi, India |
| Caplin Marketing Pvt. Ltd. | ₹1.94 Cr (FY 2025) | •••• | •••• | 196.0% | •••• | Kolkata, West Bengal, India |
| CBK Estate Developers Limited | ₹1.94 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Delhi, India |
| B.D.Credits Limited | ₹1.94 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Viraj Commercial Pvt Ltd | ₹1.94 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Avanti Microfinance Private Limited this company | ₹1.94 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Bangalore, Karnataka, India |
| Banggreen Vyapaar Pvt. Ltd. | ₹1.93 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Kolkata, West Bengal, India |
| Merlin Industrial Development Ltd | ₹1.93 Cr (FY 2019) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Ganga Properties Private Limited | ₹1.93 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Kolkata, West Bengal, India |
| Anirudh Financiers Pvt Ltd | ₹1.93 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | Kolkata, West Bengal, India |
| Bahula Finvest Company Private Limited | ₹1.93 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Avanti Microfinance by revenue in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Avanti Microfinance Private Limited
Avanti Microfinance Private Limited is audited by PURANIK KANE & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PURANIK KANE & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avanti Microfinance Private Limited
Avanti Microfinance has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Gupta Also directs: Avanti Finance Private Limited | Director | 29 Mar 2024 | 2 Years 6 Months | Current |
| Manish Purshottam Thakkar Also directs: Axia Infoserve LLP, Axia Enterprises Private Limited | Director | 29 Mar 2024 | 2 Years 6 Months | Current |
| Nagaraj Subrahmanya Also directs: Whizdm Finance Private Limited | Director | 29 Mar 2024 | 2 Years 6 Months | Current |
Ownership and Shareholding of Avanti Microfinance Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avanti Microfinance Private Limited
Avanti Microfinance Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Avanti Microfinance Private Limited
Avanti Microfinance Private Limited has 3 deals on record (3 rights issues); the latest was in July 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹28.27 Cr | Investors: Avanti Finance Private Limited , NRJN Family Trust |
| Dec 2018 | Rights issue | ₹2.25 Cr | Investors: NRJN Family Trust |
| Jul 2017 | Rights issue | ₹3 Cr | Investors: RNT Capital Advisors |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Avanti Microfinance Private Limited
Avanti Microfinance operates two associated brands: Avanti Mfin and Avanti Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Avanti Finance is focused on providing affordable financial services. | avantifinance.in | |
| Provides affordable microfinance services through digital platforms for Indian households. | avantimfin.in |
Employees and EPFO Compliance at Avanti Microfinance Private Limited
Avanti Microfinance Private Limited has a workforce of 1 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Avanti Microfinance Private Limited
Avanti Microfinance has one previous CIN (Corporate Identification Number): U65929MH2016PTC286640. The current CIN is U65929KA2016PTC138292, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65929KA2016PTC138292 | Current |
| U65929MH2016PTC286640 | Previous |
News related to Avanti Microfinance Private Limited
Recent Activity on Avanti Microfinance Private Limited
Avanti Microfinance Private Limited has 11 board changes on record since 2016: 7 appointments and 4 cessations. The latest: Manish Purshottam Thakkar was appointed as Director on 29 Mar 2024.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Avanti Microfinance Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avanti Microfinance Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avanti Microfinance Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avanti Microfinance Private Limited
Avanti Microfinance has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA8235G1ZB | Karnataka | Active | 04 Oct 2019 |
| 27AAOCA8235G1ZF | Maharashtra | Active | 22 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avanti Microfinance Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avanti Microfinance Private Limited
Avanti Microfinance is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 07 October 2016 (10+ years old) and is registered under CIN U65929KA2016PTC138292.
Avanti Microfinance reported revenue of ₹1.94 Cr for FY 2025 (up 58% YoY).
Avanti Microfinance has 3 current directors:
- Rahul Gupta - Director
- Manish Purshottam Thakkar - Director
- Nagaraj Subrahmanya - Director
Avanti Microfinance reported a net profit of ₹76.19 Lakh (net margin 39.4%) and EBITDA of ₹76.19 Lakh (EBITDA margin 39.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avanti Microfinance is 95% over three years and 42% over five years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avanti Microfinance is 29AAOCA8235G1ZB, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAOCA8235G1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Avanti Microfinance is U65929KA2016PTC138292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanti Microfinance was incorporated on 07 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Avanti Microfinance has 3 deals on record (3 rights issues); the latest was in July 2021.
The peers of Avanti Microfinance by revenue are Cellphone Credit and Securities India Private Limited, Caplin Marketing Pvt. Ltd, CBK Estate Developers Limited, B.D.Credits Limited, Viraj Commercial Pvt Ltd and 5 more, all in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC).
Manish Purshottam Thakkar was appointed as Director on 29 Mar 2024. Nagaraj Subrahmanya was appointed as Director on 29 Mar 2024. Nandan Mohan Nilekani ceased to be Director on 29 Mar 2024. Avanti Microfinance has 11 board changes on record in total.