MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0000309
Avega Business Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.88 Cr
▲ 47% YoY
Net profit · FY 2025
₹51.21 Lakh
Net margin 10.5%
EBITDA · FY 2025
₹81.34 Lakh
EBITDA margin 16.7%
Authorised capital
₹10,000
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
33
Provident fund records
Directors on board
2
As per MCA filings
About Avega Business Solutions Private Limited
Data last updated:
Avega Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 18 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106472. Its GSTIN is 29AAQCA0429A1ZX (Karnataka).
The company has an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It is led by directors Santosh Kumar (Whole-Time Director) and Satish Kumar Nariangadu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 118/1 80 Feet Road Hal 2nd Stage Old Thippasandra Indiranagar, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.88 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹51.21 Lakh (net margin 10.5%) and EBITDA of ₹81.34 Lakh (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 53% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 secondary share transfer); the latest was in April 2021. Its 7 peer companies in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy) are compared by revenue, 3 larger and 4 smaller; the largest is Bourke Consolidated India Private Limited with revenue of ₹4.97 Cr.
Avega Business Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0000309). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avegapro.in.
Company details
CIN U74999KA2017PTC106472
Registration Number 106472
Incorporation Date 18 September 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0000309
Recognitions & Rankings of Avega Business Solutions
Contact details
Avega Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is avegapro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address118/1 80 Feet Road Hal 2nd Stage Old Thippasandra Indiranagar, Bangalore, Karnataka, India – 560008
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Avega Business Solutions Private Limited, buy the company report.
Comprehensive company report
Avega Business Solutions 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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Business activity
The main business activity of Avega Business Solutions is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Avega Business Solutions Private Limited, buy the company report.
Financials of Avega Business Solutions Private Limited
FY 2024 filings availableAvega Business Solutions Private Limited reported revenue of ₹4.88 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹4.88 Cr ▲ 47%
Net profit · FY 2025
₹51.21 Lakh margin 10.5%
EBITDA · FY 2025
₹81.34 Lakh margin 16.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 44%
5 years · compounded
▲ 53%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 9%
5 years · compounded
▲ 80%
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 47% growth in the latest year. EBITDA fell 1% 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 |
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| EBITDA | ₹81.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.21 Lakh | ||||
| 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 | 16.7% | ||||
| Net Profit Margin | 10.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Avega Business Solutions Private Limited, buy the company report.
Board of directors of Avega Business Solutions Private Limited
Avega Business Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar Nariangadu Also directs: Avegapro Fund Services LLP | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Santosh Kumar | Whole-Time Director | 05 Feb 2018 | 8 Years 9 Months | Current |
Peer comparison
Avega Business Solutions Private Limited is compared with the 7 companies closest to it by revenue in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bourke Consolidated India Private Limited | ₹4.97 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Enterslice ITES Private Limited | ₹4.91 Cr (FY 2025) | 63.0% | Noida, Uttar Pradesh, India | |||
| Impacct Offshore Consulting Private Limited | ₹4.89 Cr (FY 2025) | 50.0% | Noida, Uttar Pradesh, India | |||
| Avega Business Solutions Private Limitedthis company | ₹4.88 Cr (FY 2025) | ₹51.21 Lakh | 10.5% | 47.0% | 33 | Bangalore, Karnataka, India |
| Bluebell Outsourcing India Private Limited | ₹4.84 Cr (FY 2025) | 160.0% | Delhi, India | |||
| Crescent Tax Compliance Private Limited | ₹4.83 Cr (FY 2024) | 18.0% | Secunderabad, Telangana, India | |||
| Invisor Management Solutions India Private Limited | ₹4.79 Cr (FY 2025) | 88.0% | Kanayannur, Kerala, India | |||
| Karyanitya Services India Private Limited | ₹4.78 Cr (FY 2025) | 11.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Avega Business Solutions Private Limited, buy the company report.
Auditor
Avega Business Solutions Private Limited is audited by D KRISHNA MURTHY & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D KRISHNA MURTHY & CO | FY 2023 | 020181 |
Shareholding
The shareholding of Avega Business Solutions 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 Avega Business Solutions Private Limited, buy the company report.
Deals & funding
Avega Business Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in April 2021.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Avega Business Solutions 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 Avega Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avega Business Solutions Private Limited has a workforce of 33 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
22.22%
GST
Avega Business Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAQCA0429A1ZX | Karnataka | Active | 07 Dec 2018 |
To see the full GST registrations and return filing status of Avega Business Solutions Private Limited, buy the company report.
Recent activity
Avega Business Solutions Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: . Keerthana ceased to be Director on 14 Aug 2023.
AGM
Avega Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avega Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
. Keerthana ceased to be Director.
Appointed
Satish Kumar Nariangadu was appointed as Director.
Ceased
Sujith Sukumaran ceased to be Whole-Time Director.
Ceased
Satish Kumar Nariangadu ceased to be Director.
Appointed
Santosh Kumar was appointed as Whole-Time Director.
Incorporation
18 Sep 2017
Avega Business Solutions Private Limited was registered on 18 Sep 2017 with Roc Bangalore & aged 9 years 1 month as per MCA records.
Frequently asked questions
Avega Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 18 September 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106472.
Avega Business Solutions has 2 current directors:
- Santosh Kumar - Whole-Time Director
- Satish Kumar Nariangadu - Director
The latest financial statements of Avega Business Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Avega Business Solutions is 29AAQCA0429A1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Avega Business Solutions is U74999KA2017PTC106472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avega Business Solutions was incorporated on 18 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Avega Business Solutions has 1 deal on record (1 secondary share transfer); the latest was in April 2021.
The peers of Avega Business Solutions by revenue are Bourke Consolidated India Private Limited, Enterslice ITES Private Limited, Impacct Offshore Consulting Private Limited, Bluebell Outsourcing India Private Limited, Crescent Tax Compliance Private Limited and 2 more, all in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy).
. Keerthana ceased to be Director on 14 Aug 2023. Satish Kumar Nariangadu was appointed as Director on 14 Aug 2023. Sujith Sukumaran ceased to be Whole-Time Director on 31 Mar 2023. Avega Business Solutions has 5 board changes on record in total.
Yes, Avega Business Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0000309).
Avega Business Solutions can be reached through the website avegapro.in. Its registered office is in Bangalore, Karnataka, India.
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