About Aver Software Technologies Limited
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Aver Software Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the business support services segment of the business services sector. It was incorporated on 21 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1993PLC074054. Its GSTIN is 27AACCA2889A1ZV (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹96.32 Lakh. It was formerly known as Aver Photographic Company Limited. It is led by directors including Sagar Harilal Patel and Nimit Kanti Patel.
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 Aver Plaza Plot No.B – 13 Opp. Citi Mall New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.18 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹2.94 Cr (net margin 26.3%) and EBITDA of ₹7.34 Cr (EBITDA margin 65.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹108.23 Cr and satisfied charges of ₹50.27 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aversoft.in.
Company details
Contact details
Aver Software Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is aversoft.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAver Plaza Plot No.B – 13 Opp. Citi Mall New Link Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryBusiness Services, Business Support Services
To see the full contact details of Aver Software Technologies Limited, buy the company report.
- 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
Business activity
The main business activity of Aver Software Technologies is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Aver Software Technologies Limited, buy the company report.
Financials of Aver Software Technologies Limited
FY 2024 filings availableAver Software Technologies Limited reported revenue of ₹11.18 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 7% growth in the latest year. EBITDA rose 21% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹7.34 Cr | ||||
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| Net Profit (PAT) | ₹2.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 65.6% | ||||
| Net Profit Margin | 26.3% | ||||
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To see the full financial statements and ratios of Aver Software Technologies Limited, buy the company report.
Board of directors of Aver Software Technologies Limited
Aver Software Technologies has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sneh Harilal Patel Also directs: Aver Led & Solar Energy Private Limited, Celestial Electronics Private Limited, Cygnus Lighting LLP and 4 more | Additional Director | 28 Jul 2025 | 1 Years 3 Months | Current |
| Kanti Patel Also directs: Proto Bay LLP, Voltro Battery Tech Limited, Aver Led & Solar Energy Private Limited and 2 more | Additional Director | 05 Jun 2021 | 5 Years 5 Months | Current |
| Sagar Harilal Patel Also directs: Voltro Battery Tech Limited, Aver Led & Solar Energy Private Limited, Celestial Electronics Private Limited and 5 more | Director | 06 Jan 2016 | 10 Years 10 Months | Current |
| Nimit Kanti Patel Also directs: Proto Bay LLP, Voltro Battery Tech Limited, Aver Led & Solar Energy Private Limited and 5 more | Director | 05 Feb 2019 | 7 Years 9 Months | Current |
Peer comparison
Aver Software Technologies Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goodworks Spaces Private Limited | ₹11.22 Cr (FY 2024) | 4.0% | Bangalore, Karnataka, India | |||
| Mahalaxmi Nirmaan Private Limited | ₹11.21 Cr (FY 2025) | 135108.0% | Kolkata, West Bengal, India | |||
| P.C. Chandra Estates Private Limited | ₹11.21 Cr (FY 2025) | -57.0% | Kolkata, West Bengal, India | |||
| Aver Software Technologies Limitedthis company | ₹11.18 Cr (FY 2024) | ₹2.94 Cr | 26.3% | 7.0% | Mumbai, Maharashtra, India | |
| Hind Ceramics Pvt. Ltd | ₹11.18 Cr (FY 2024) | 9.0% | Kolkata, West Bengal, India | |||
| Shyamprem Estate Private Limited | ₹11.14 Cr (FY 2025) | 519.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aver Software Technologies Limited, buy the company report.
Auditor
Aver Software Technologies Limited is audited by PRAVIN R NAVANDAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAVIN R NAVANDAR & CO | FY 2023 | 108175W |
Shareholding
The shareholding of Aver Software Technologies 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aver Software Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2025 | 101129302 | Hdfc Bank Limited | ₹17.1 Cr | Open | |
| 03 Jul 2025 | 101122108 | Others | ₹14.85 Cr | Open | |
| 26 Jun 2025 | 101129299 | Hdfc Bank Limited | ₹16 Cr | Open | |
| 24 Sep 2024 | 100987923 | Hdfc Bank Limited | ₹9 Cr | Open | |
| 15 Jul 2024 | 100951656 | Others | ₹2.43 Cr | Open |
To see the full charge records of Aver Software Technologies Limited, buy the company report.
Total charge records: 25 View all charges
Legal cases
Aver Software Technologies Limited has 6 court cases on record: 3 filed by Aver Software Technologies, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed against the company by individuals | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Muncipal Corporation K-West Ward, Mumbai | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S. C. J. Shah and Co. | Disposed |
To see the full case history of Aver Software Technologies Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aver Software Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Aver Software Technologies has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aver Led & Solar Energy Private Limited | U31401MH2010PTC199836 | |
| Sirius Holdings Private Limited | U65990MH1994PTC080172 |
To see the full group structure of Aver Software Technologies Limited, buy the company report.
GST
Aver Software Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA2889A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aver Software Technologies Limited, buy the company report.
Recent activity
Aver Software Technologies Limited has 13 board changes on record since 2008: 4 appointments and 9 cessations. The latest: Sneh Harilal Patel was appointed as Additional Director on 28 Jul 2025.
43 earlier events are in the company report.
Frequently asked questions
Aver Software Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 21 September 1993 (33+ years old) and is registered under CIN U72200MH1993PLC074054.
Aver Software Technologies has 4 current directors:
- Sneh Harilal Patel - Additional Director
- Kanti Patel - Additional Director
- Sagar Harilal Patel - Director
- Nimit Kanti Patel - Director
The latest financial statements of Aver Software Technologies 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 2015 are in the company report.
The GSTIN of Aver Software Technologies is 27AACCA2889A1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aver Software Technologies is U72200MH1993PLC074054. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aver Software Technologies has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the high courts.
Aver Software Technologies was incorporated on 21 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Aver Software Technologies by revenue are Goodworks Spaces Private Limited, Mahalaxmi Nirmaan Private Limited, P.C. Chandra Estates Private Limited, Hind Ceramics Pvt. Ltd, Shyamprem Estate Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Sneh Harilal Patel was appointed as Additional Director on 28 Jul 2025. Sneh Harilal Patel ceased to be Director on 02 Mar 2022. Ramesh Bhikhabhai Patel ceased to be Director on 08 Dec 2021. Aver Software Technologies has 13 board changes on record in total.
Aver Software Technologies can be reached through the website aversoft.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Aver Software Technologies is at Aver Plaza Plot No.B – 13 Opp. Citi Mall New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
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