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Avay Biosciences Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.66 Cr
▲ 66% YoY
Net loss · FY 2025
₹1.08 Cr
Net margin -65.1%
EBITDA · FY 2025
-₹1.01 Cr
EBITDA margin -60.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.24 Lakh
Issued & subscribed
Open charges
₹99 Lakh
Satisfied ₹50 Lakh
Company age
9 yrs
Est. 2017
Directors on board
4
As per MCA filings
About Avay Biosciences Private Limited
Data last updated:
Avay Biosciences Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Tvasta Manufacturing Solutions Private Limited and recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 14 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U22219KA2017PTC103861. Its GSTIN is 33AAGCT3031M1ZE (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.24 Lakh. It was formerly known as Tvasta Bio-Science Private Limited. It is led by directors including Parivarthan Reddy Basireddy and Vettiyoor Suresh Kumar Adithya.
Its last annual general meeting (AGM) was held on 31 October 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 ₹1.66 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹1.08 Cr (net margin -65.1%) and EBITDA of -₹1.01 Cr (EBITDA margin -60.8%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 43% over five years.
The company is associated with 1 brand: Avay Biosciences. As per MCA filings, the company has open charges of ₹99 Lakh and satisfied charges of ₹50 Lakh on record.
Avay Biosciences Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0035222). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avay.tech.
Company details
CIN U22219KA2017PTC103861
Registration Number 103861
Incorporation Date 14 June 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 October 2025
Date of Balance Sheet 31 March 2025
Parent Company Tvasta Manufacturing Solutions Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0035222
Key People
Parivarthan Reddy Basireddy Director Vettiyoor Suresh Kumar Adithya Director Manish Ashok Amin Director Recognitions & Rankings of Avay Biosciences
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0035222
Contact details
Avay Biosciences Private Limited's registered office is in Bangalore, Karnataka. Its website is avay.tech. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIkp Eden 16 Bhuvanappa Layout Tavarekere Main Road, Kaveri Layout S.G. Palya, Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Avay Biosciences Private Limited, buy the company report.
Comprehensive company report
Avay Biosciences 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
Avay Biosciences operates one associated brand: Avay Biosciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of 3D Bioprinters for tissue and organ printing | avay.tech |
Business activity
The main business activity of Avay Biosciences is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Avay Biosciences Private Limited, buy the company report.
Financials of Avay Biosciences Private Limited
FY 2025 filings availableAvay Biosciences Private Limited reported revenue of ₹1.66 Cr (up 66% YoY) for FY 2025.
Revenue · FY 2025
₹1.66 Cr ▲ 66%
Net loss · FY 2025
₹1.08 Cr margin -65.1%
EBITDA · FY 2025
-₹1.01 Cr margin -60.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 49%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 66% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.66 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.08 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -60.8% | ||||
| Net Profit Margin | -65.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Avay Biosciences Private Limited, buy the company report.
Board of directors of Avay Biosciences Private Limited
Avay Biosciences has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parivarthan Reddy Basireddy Also directs: Tvasta Manufacturing Solutions Private Limited | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
| Vettiyoor Suresh Kumar Adithya Also directs: Tvasta Manufacturing Solutions Private Limited | Director | 14 Jun 2017 | 9 Years 4 Months | Current |
| Manish Ashok Amin | Director | 08 May 2021 | 5 Years 5 Months | Current |
| Kornipalli Sabareesh | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Avay Biosciences Private Limited is audited by Ganapath Raj & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ganapath Raj & Co | FY 2023 | 000846S |
Shareholding
The shareholding of Avay Biosciences Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avay Biosciences Private Limited, buy the company report.
Charges & borrowings
Open charges
₹99 Lakh
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2026 | 101330643 | Hdfc Bank Limited | ₹99 Lakh | Open | |
| 03 Jul 2025 | 101118242 | Indian Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Avay Biosciences Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Avay Biosciences 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 Avay Biosciences Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avay Biosciences has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCT3031M1ZE | Tamil Nadu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Avay Biosciences Private Limited, buy the company report.
Recent activity
Avay Biosciences Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Kornipalli Sabareesh ceased to be Additional Director on 29 Sep 2024.
Charges
A charge registered on 03 Jul 2025 via Charge ID 101118242 with Indian Bank was fully satisfied on 03 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 99.00 Lakh with Charge ID 101330643 was registered on 22 Jun 2026.
AGM
Avay Biosciences Private Limited last Annual general meeting of members was held on 31 Oct 2025 as per latest MCA records.
Charges
A charge with Indian Bank of Rs. 50.00 Lakh registered on 03 Jul 2025 with Charge ID 101118242 was modified on 22 Aug 2025.
Charges
A charge with Indian Bank amounted to Rs. 50.00 Lakh with Charge ID 101118242 was registered on 03 Jul 2025.
Filing
Avay Biosciences Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Kornipalli Sabareesh ceased to be Additional Director.
Appointed
Kornipalli Sabareesh was appointed as Director.
Ceased
Manish Ashok Amin ceased to be Additional Director.
Ceased
Ratnesh Dharamchandra Jain ceased to be Additional Director.
Appointed
Manish Ashok Amin was appointed as Director.
Ceased
Parivarthan Reddy Basireddy ceased to be Additional Director.
5 earlier events are in the company report.
Frequently asked questions
Avay Biosciences is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 14 June 2017 (9+ years old) and is registered under CIN U22219KA2017PTC103861.
Avay Biosciences has 4 current directors:
- Parivarthan Reddy Basireddy - Director
- Vettiyoor Suresh Kumar Adithya - Director
- Manish Ashok Amin - Director
- Kornipalli Sabareesh - Director
The latest financial statements of Avay Biosciences on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Avay Biosciences is 33AAGCT3031M1ZE, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Avay Biosciences is U22219KA2017PTC103861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avay Biosciences was incorporated on 14 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Kornipalli Sabareesh ceased to be Additional Director on 29 Sep 2024. Kornipalli Sabareesh was appointed as Director on 01 Apr 2024. Manish Ashok Amin ceased to be Additional Director on 10 Nov 2021. Avay Biosciences has 10 board changes on record in total.
Yes, Avay Biosciences is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Avay Biosciences is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0035222).
Avay Biosciences can be reached through the website avay.tech. Its registered office is in Bangalore, Karnataka, India.