About Avere Tech Solutions Private Limited
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Avere Tech Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2015PTC098375. Its GSTIN is 36AANCA6260A1ZW (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srikanth Kotha and Sri Chiranjeevi Jnanadeep Alapati.
Its last annual general meeting (AGM) was held on 08 June 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No 11 Madhav Nagar Colony Miyapur, Hyderabad, Telangana, India – 500049.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.46 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹6.79 Lakh (net margin -463.8%) and EBITDA of -₹5.95 Lakh (EBITDA margin -406.3%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website averetech.com.
Company details
Contact details
Avere Tech Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is averetech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 11 Madhav Nagar Colony Miyapur, Hyderabad, Telangana, India – 500049
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Avere Tech Solutions Private 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 Avere Tech Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Avere Tech Solutions Private Limited, buy the company report.
Financials of Avere Tech Solutions Private Limited
FY 2019 filings availableAvere Tech Solutions Private Limited reported revenue of ₹1.46 Lakh (down 82% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over three years, including a 82% fall in the latest year. EBITDA fell 474% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹5.95 Lakh | |||
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| Tax Expense | ||||
| Net Profit (PAT) | -₹6.79 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -406.3% | |||
| Net Profit Margin | -463.8% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Avere Tech Solutions Private Limited, buy the company report.
Board of directors of Avere Tech Solutions Private Limited
Avere Tech Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srikanth Kotha | Director | 08 Apr 2015 | 11 Years 7 Months | Current |
| Sri Chiranjeevi Jnanadeep Alapati | Additional Director | 18 Jul 2019 | 7 Years 3 Months | Current |
Peer comparison
Avere Tech Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yash Apps & Software Services Private Limited | ₹1.48 Lakh (FY 2025) | -71.0% | Indore, Madhya Pradesh, India | |||
| Winpap Private Limited | ₹1.48 Lakh (FY 2025) | Delhi, India | ||||
| Pruro Tech Private Limited | ₹1.47 Lakh (FY 2024) | Kolkata, West Bengal, India | ||||
| Platino Online Private Limited | ₹1.47 Lakh (FY 2021) | -55.0% | Kochi, Kerala, India | |||
| Hyaku Innovative Technologies Private Limited | ₹1.47 Lakh (FY 2024) | 29.0% | Jaipur, Rajasthan, India | |||
| Avere Tech Solutions Private Limitedthis company | ₹1.46 Lakh (FY 2019) | -₹6.79 Lakh | -463.8% | -82.0% | Hyderabad, Telangana, India | |
| JNR Software Technologies (OPC) Private Limited | ₹1.46 Lakh (FY 2020) | 25.0% | Jakkasandra, Bangalore, Karnataka, India | |||
| Ivkonnect Solutions Private Limited | ₹1.46 Lakh (FY 2019) | Ranchi, Jharkhand, India | ||||
| Prime Computech Private Limited | ₹1.46 Lakh (FY 2016) | -73.0% | New Delhi, Delhi, India | |||
| Rimmygill Private Limited | ₹1.46 Lakh (FY 2018) | Sri Ganganagar, Rajasthan, India | ||||
| Indegenious Hub Enterprise Private Limited | ₹1.46 Lakh (FY 2018) | 570.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Avere Tech Solutions Private Limited, buy the company report.
Auditor
Avere Tech Solutions Private Limited is audited by RATNAM DHAVEJI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RATNAM DHAVEJI & CO | FY 2017 | 006677S |
Shareholding
The shareholding of Avere Tech Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avere Tech Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avere Tech 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 Avere Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avere Tech Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AANCA6260A1ZW | Telangana | Active | 11 Apr 2018 |
To see the full GST registrations and return filing status of Avere Tech Solutions Private Limited, buy the company report.
Recent activity
Avere Tech Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Divya Kotha ceased to be Director on 19 Jul 2019.
Frequently asked questions
Avere Tech Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 April 2015 (11+ years old) and is registered under CIN U72200TG2015PTC098375.
Avere Tech Solutions has 2 current directors:
- Srikanth Kotha - Director
- Sri Chiranjeevi Jnanadeep Alapati - Additional Director
The latest financial statements of Avere Tech Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 08 June 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Avere Tech Solutions is 36AANCA6260A1ZW, registered in Telangana.
The CIN (Corporate Identification Number) of Avere Tech Solutions is U72200TG2015PTC098375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avere Tech Solutions was incorporated on 08 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Avere Tech Solutions by revenue are Yash Apps & Software Services Private Limited, Winpap Private Limited, Pruro Tech Private Limited, Platino Online Private Limited, Hyaku Innovative Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Divya Kotha ceased to be Director on 19 Jul 2019. Sri Chiranjeevi Jnanadeep Alapati was appointed as Additional Director on 18 Jul 2019. Srikanth Kotha was appointed as Director on 08 Apr 2015.
Avere Tech Solutions can be reached through the website averetech.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Avere Tech Solutions is at Plot No 11 Madhav Nagar Colony Miyapur, Hyderabad, Telangana, India – 500049.
Avere Tech Solutions operates in the information technology industry, in the application development and software solutions segment.
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