Avenues (India) Private Limited - Company Profile

It is a financial services private limited company based in Gandhinagar, Gujarat, India, established in 2001.

2001 Gandhinagar, Gujarat, India Amalgamated

Last Updated: July 24, 2025

About Avenues (India) Private Limited

Avenues (India) Private Limited, a amalgamated private limited company, was established on 01 February 2001 in Gandhinagar, Gujarat, India. Engaging in digital payment solutions within the support service to organizations sector, it holds CIN: U72200GJ2001PTC100083. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹5.25 Cr and a paid-up capital of ₹5.20 Cr.

Its leadership includes Malav Mehta Ajitbhai (Director), Variniben Vishwaskumar Patel (Managing Director), Vishwas Ambalal Patel (Managing Director). Past directors included Malav Mehta Ajitbhai, Dimple Kalpesh Patel, Kalpesh Ambalal Patel. It holds no open charges and ₹3.46 Cr settled loans. Its latest AGM occurred on 29 September 2017, with the balance sheet filed on 31 March 2017. It is based at 27Th Floor, Gift Two Tower, Block No 56 Road 5C Zone 5, Gift City, Gandhinagar, Gujarat, 382355.

Company Details

CIN/LLPIN
U72200GJ2001PTC100083
Registration Number
100083
Incorporation Date
01 February 2001
Authorized Capital
₹5.25 Cr
Paid-Up Capital
₹5.20 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 5.25 Cr as on 24-07-2025
Paid Up Capital ₹ 5.20 Cr as on 24-07-2025
Company Age 25 Year,
Last Filing with ROC 31 Mar 2017
Satisfied Charges ₹ 3.46 Cr as on 24-07-2025
Revenue Growth **** 44.70% (FY 2017)
Profit Growth **** 1.52% (FY 2017)
Ebitda **** 0.44% (FY 2017)
Net Worth 158.73% (FY 2017)
Total Assets **** 97.71% (FY 2017)

Comprehensive Company Insights

Explore comprehensive insights into Avenues (India) Private 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 Avenues (India) Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Malav Mehta Ajitbhai	Director	01 Apr 2017	Current
Variniben Vishwaskumar Patel	Managing Director	01 Feb 2001	Current
Vishwas Ambalal Patel	Managing Director	01 Feb 2001	Current
Vishal Ajitbhai Mehta	Director	01 Apr 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	28 Apr 2017	Past
Pramod Abcsdd	Director	21 Mar 2013	Past
Pramod Abcsdd	Director	21 Mar 2013	Past
Pramod Abcsdd	Additional Director	28 Apr 2017	Past

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Financial Performance of Avenues (India).

Avenues (India) Private Limited, for the financial year ended 2017, experienced significant growth in revenue, with a 44.7% increase. The company also saw a slight improvement in profitability, with a 1.52% increase in profit. The company's net worth Soared by an impressive increase of 158.73%.

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

********

44.70%

*******

Revenue from Operations

*******

45.03%

*******

Total Assets

*******

97.71%

*******

Profit or Loss

*******

1.52%

*******

Net Worth

*******

158.73%

*******

EBITDA

*******

0.44%

*******

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What is the Ownership and Shareholding Structure of Avenues (India)?

In 2017, Avenues (India) had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. 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

₹0

Satisfied Charges

₹34,620,000.00

Charges Breakdown by Lending Institutions

Kotak Mahindra Bank Limited : 3.46 Cr

Latest Charge Details

Date	Lender	Amount	Status
17 Aug 2012	Kotak Mahindra Bank Limited	₹3.46 Cr	Satisfied

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How Many Employees Work at Avenues (India)?

Unlock and access historical data on people associated with Avenues (India), 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 Avenues (India), 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 Avenues (India)'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 Avenues (India)

Recent Activity within the Organization

Charges

The activity A charge registered on 17 Aug 2012 via Charge ID 10370927 with Kotak Mahindra Bank Limited was fully satisfied on 19 Jan 2018. was completed.
19 Jan 2018
Annual General Meeting

Progress on Avenues (India) Private Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records. was documented.
29 Sep 2017
Director Appointment

The activity Malav Mehta Ajitbhai was appointed as a Director was appointed as a Director on 01 Apr 2017 & has been associated with this company since 8 years 10 months . was completed.
01 Apr 2017
Director Appointment

The activity Vishal Ajitbhai Mehta was appointed as a Director was appointed as a Director on 01 Apr 2017 & has been associated with this company since 8 years 10 months . was completed.
01 Apr 2017
Balance Sheet

Avenues (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2017
Charges

A charge with Kotak Mahindra Bank Limited amounted to Rs. 3.46 Cr with Charge ID 10370927 was registered on 17 Aug 2012. was recorded as a recent event.
17 Aug 2012

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