Avasara Finance Limited - Company Profile

Q: Who are the current directors of Avasara Finance Limited?

The current directors of Avasara Finance Limited are Eugene Oommen Koshy, Raj Surendra Jain, Nityanand Shankar Nayak, Vivek Ravindra Kakati, Valmeekanathan Subramanian, Jaya Janardhanan, Vinu Mammen, Naresh Gandhi, Madhavi Khandavalli, Raj Surendra Jain, Khandavalli Madhavi.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: December 21, 2025

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About Avasara Finance Limited

Avasara Finance Limited, a active public limited company, was established on 24 May 1994 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: L74899MH1994PLC216417. Registered under ROC Roc Mumbai. it is listed on BSE: 511730. It has an authorized capital of ₹37.00 Cr and a paid-up capital of ₹5.00 Cr.

Formerly known as Trc Financial And Management Services Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹3.22 M and a net worth of ₹2.24 Cr. Its leadership includes Eugene Oommen Koshy (Additional Director), Raj Surendra Jain (Cfo), Nityanand Shankar Nayak (Director). Past directors included Vikas Kumar Gupta, Harshad Sobhagchand Dholakia, Madhuri Augustine Singh. It holds ₹2.02 Cr open charges and no settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at Bandra Hill View Chs, (3Rd Floor), 85, Hill Road, Opp. Yoko Sizzlers, Bandra (W),, Mumbai, Maharashtra, 400050.

Company Details

CIN/LLPIN
L74899MH1994PLC216417
Registration Number
216417
Incorporation Date
24 May 1994
Authorized Capital
₹37.00 Cr
Paid-Up Capital
₹5.00 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 511730)
Company Status
Active

Key Metrics

Authorised Capital ₹ 37.00 Cr as on 21-12-2025
Paid Up Capital ₹ 5.00 Cr as on 21-12-2025
Company Age 31 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 2.02 Cr as on 21-12-2025
Revenue Growth **** 37.27% (FY 2023)
Profit Growth **** 106.65% (FY 2023)
Ebitda **** 108.34% (FY 2023)
Net Worth 1.29% (FY 2023)
Total Assets **** 3.49% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Avasara Finance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Avasara Finance Limited?

Current Directors

Name	Designation	Appointment Date	Status
Eugene Oommen Koshy	Additional Director	09 Oct 2025	Current
Raj Surendra Jain	Cfo	27 May 2025	Current
Nityanand Shankar Nayak	Director	31 Jul 2025	Current
Vivek Ravindra Kakati	Director	11 Mar 2025	Current
Valmeekanathan Subramanian	Director	10 Nov 2021	Current
Jaya Janardhanan	Director	27 Jun 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Manager	30 Jan 2009	Past
Pramod Abcsdd	Director	26 Feb 2019	Past
Pramod Abcsdd	Director	26 Feb 2019	Past
Pramod Abcsdd	Additional Director	17 Dec 2008	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	30 Sep 2019	Past

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Financial Performance of Avasara Finance.

Avasara Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.27% increase. The company also saw a substantial improvement in profitability, with a 106.65% increase in profit. The company's net worth moved up by a moderate rise of 1.29%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

37.27%

*******

Revenue from Operations

*******

42.27%

*******

Total Assets

*******

3.49%

*******

Profit or Loss

*******

106.65%

*******

Net Worth

*******

1.29%

*******

EBITDA

*******

108.34%

*******

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What is the Ownership and Shareholding Structure of Avasara Finance?

In 2023, Avasara Finance had a promoter holding of 65.88% and a public holding of 34.12%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹20,249,920.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Central Bank Of India : 2.02 Cr

Latest Charge Details

Date	Lender	Amount	Status
07 Sep 1996	Central Bank Of India	₹0.25 M	Open
26 Aug 1996	Central Bank Of India	₹1.00 Cr	Open
25 May 1996	Central Bank Of India	₹1.00 Cr	Open

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How Many Employees Work at Avasara Finance?

Unlock and access historical data on people associated with Avasara Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Avasara Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Avasara Finance's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Avasara Finance

Recent Activity within the Organization

Director Appointment

The activity Eugene Oommen Koshy was appointed as a Additional Director was appointed as a Additional Director on 09 Oct 2025 & has been associated with this company since 5 months 18 days . was completed.
09 Oct 2025
Annual General Meeting

Avasara Finance Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was recorded as a recent event.
25 Sep 2025
Director Appointment

Nityanand Shankar Nayak was appointed as a Director was appointed as a Director on 31 Jul 2025 & has been associated with this company since 7 months 27 days . was recorded as a recent event.
31 Jul 2025
Director Appointment

The activity Vinu Mammen was appointed as a Whole-time director was appointed as a Whole-time director on 30 Jul 2025 & has been associated with this company since 7 months 28 days . was completed.
30 Jul 2025
Director Appointment

Progress on Jaya Janardhanan was appointed as a Director was appointed as a Director on 27 Jun 2025 & has been associated with this company since 9 months . was documented.
27 Jun 2025
Director Appointment

Raj Surendra Jain was appointed as a Cfo was appointed as a Cfo on 11 Jun 2025 & has been associated with this company since 9 months 16 days . was recorded as a recent event.
11 Jun 2025

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