About Avanze Technologies India Private Limited
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Avanze Technologies India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Avanze Solutions Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC079984. Its GSTIN is 29AANCA5441M1Z5 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹9.14 Lakh. It is led by directors Pradeep Kumar Venkateshappa and Kainikat Joseph Vinod.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹59.31 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.97 Cr (net margin 8.4%) and EBITDA of ₹8.57 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 106% over three years and 73% over five years.
The company has about 907 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avanze.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avanzegroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address403 3rd Floor 3rd Block 4th Cross Hrbr Layout Kammanahalli (Opp. To Jal Vayu Vihar Nor, Th Gate), Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Avanze Technologies India Private Limited
The main business activity of Avanze Technologies India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Avanze Technologies India Private Limited FY 2023 filings available
Avanze Technologies India Private Limited reported revenue of ₹59.31 Cr (down 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Avanze Technologies India Private Limited
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 73%. EBITDA fell 27% 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 Avanze Technologies India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹59.31 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.57 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.97 Cr | •••• | •••• | •••• | •••• |
| 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 Avanze Technologies India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.4% | •••• | •••• | •••• | •••• |
| 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 Avanze Technologies India are in the company report.
Financial statements from FY 2016
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 Avanze Technologies India Private Limited
Avanze Technologies India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infojini Consulting Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Net Access India Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Everstage Technologies Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Yalamanchili Software Exports Private Limited | •••• | •••• | •••• | •••• | 33 | Chennai, Tamil Nadu, India |
| Drivestream India Private Limited | •••• | •••• | •••• | •••• | 247 | Kanchipuram, Tamil Nadu, India |
| Avanze Technologies India Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Onward Eservices Limited | •••• | •••• | •••• | •••• | 23 | Mumbai, Maharashtra, India |
| Radial Omnichannel Technologies India Private Limited | •••• | •••• | •••• | •••• | 215 | Chennai, Tamil Nadu, India |
| Zentest Software Private Limited | •••• | •••• | •••• | •••• | 81 | Pune, Maharashtra, India |
| Delaplex Limited | •••• | •••• | •••• | •••• | 265 | Nagpur, Maharashtra, India |
| L&T Thales Technology Services Private Limited | •••• | •••• | •••• | •••• | 113 | Sriperumbudur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Avanze Technologies India by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Avanze Technologies India Private Limited
Avanze Technologies India Private Limited is audited by M KRISHNA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M KRISHNA & 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 Avanze Technologies India Private Limited
Avanze Technologies India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Kumar Venkateshappa | Director | 28 Apr 2015 | 11 Years 5 Months | Current |
| Kainikat Joseph Vinod | Director | 28 Apr 2015 | 11 Years 5 Months | Current |
Ownership and Shareholding of Avanze Technologies India 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 Avanze Technologies India Private Limited
Avanze Technologies India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Avanze Technologies India Private Limited
Avanze Technologies India Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 34 overdue payments to 9 micro and small suppliers. 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 (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Unified Voice Communication Private Limited | •••• | •••• | •••• |
| Eion Info | •••• | •••• | •••• |
| Bridgei2p Telecommunications Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Avanze Technologies India Private Limited
Avanze Technologies India operates one associated brand: Avanze. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AI-based loan lifecycle management for the mortgage industry. | avanzegroup.com |
Employees and EPFO Compliance at Avanze Technologies India Private Limited
Avanze Technologies India Private Limited has a workforce of 907 employees as of Apr 01, 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.
Recent Activity on Avanze Technologies India Private Limited
Avanze Technologies India Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Kainikat Joseph Vinod was appointed as Director on 28 Apr 2015.
Credit Ratings, Litigation & Regulatory Alerts for Avanze Technologies India 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.
Subsidiaries & Group Companies of Avanze Technologies India 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 Avanze Technologies India Private Limited
Avanze Technologies India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCA5441M1Z5 | Karnataka | Active | 01 Jul 2017 |
| 33AANCA5441M1ZG | Tamil Nadu | Active | 31 Aug 2021 |
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 Avanze Technologies India 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 Avanze Technologies India Private Limited
Avanze Technologies India is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 April 2015 (11+ years old) and is registered under CIN U72200KA2015PTC079984.
Avanze Technologies India reported revenue of ₹59.31 Cr for FY 2023 (down 8% YoY).
Avanze Technologies India has 2 current directors:
- Pradeep Kumar Venkateshappa - Director
- Kainikat Joseph Vinod - Director
Avanze Technologies India reported a net profit of ₹4.97 Cr (net margin 8.4%) and EBITDA of ₹8.57 Cr (EBITDA margin 14.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avanze Technologies India is 106% over three years and 73% over five years. In the latest year (FY 2023) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avanze Technologies India is 29AANCA5441M1Z5, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AANCA5441M1ZG (Tamil Nadu).
The CIN (Corporate Identification Number) of Avanze Technologies India is U72200KA2015PTC079984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanze Technologies India was incorporated on 28 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Avanze Technologies India by revenue are Infojini Consulting Private Limited, Net Access India Limited, Everstage Technologies Private Limited, Yalamanchili Software Exports Private Limited, Drivestream India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Kainikat Joseph Vinod was appointed as Director on 28 Apr 2015. Pradeep Kumar Venkateshappa was appointed as Director on 28 Apr 2015.
Avanze Technologies India has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 34 overdue payments to 9 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Avanze Technologies India can be reached through the website avanzegroup.com. Its registered office is in Bangalore, Karnataka, India.