About Averosoft Private Limited
Data last updated:
Averosoft Private Limited is a private limited company based in Vijayawada, Andhra Pradesh, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 29 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2014PTC095402.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It was formerly known as Ivar Solutions India Private Limited and Grp Soft Services Private Limited. It is led by directors including Ravi Satyanarayana Gavirineni and Madala Mounika.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 54 – 18 – 14 Flat No. 62 3rd Lane Lic Colony, Vijayawada, Andhra Pradesh, India – 520008.
As per the financials filed for FY 2022, the company reported a revenue of ₹71.28 Lakh, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹33,491 (net margin 0.5%) and EBITDA of ₹1.87 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years and 78% over five 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 averosoft.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address54 – 18 – 14 Flat No. 62 3rd Lane Lic Colony, Vijayawada, Andhra Pradesh, India – 520008
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Financials of Averosoft Private Limited FY 2025 filings available
Averosoft Private Limited reported revenue of ₹71.28 Lakh (up 37% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Averosoft Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 37% growth in the latest year. EBITDA fell 51% 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 of Averosoft Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹71.28 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33,491 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Averosoft Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Averosoft are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Averosoft Private Limited
Averosoft Private Limited is audited by TUMMALA & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| TUMMALA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Averosoft Private Limited
Averosoft has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Satyanarayana Gavirineni | Director | 08 Aug 2018 | 8 Years 2 Months | Current |
| Madala Mounika | Director | 22 Jan 2021 | 5 Years 8 Months | Current |
| Rama Krishna Madala | Director | 22 Jan 2021 | 5 Years 8 Months | Current |
Ownership and Shareholding of Averosoft Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Averosoft Private Limited
Averosoft Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Averosoft Private Limited
Employment history and EPFO contributions of people linked to Averosoft.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Averosoft Private Limited
Averosoft has undergone 2 name changes throughout its history. The company was previously known as Ivar Solutions India Private Limited, and Grp Soft Services Private Limited. The current legal name is Averosoft Private Limited.
| Company Name | Status |
|---|---|
| Averosoft Private Limited | Current |
| Ivar Solutions India Private Limited | Previous |
| Grp Soft Services Private Limited | Previous |
Recent Activity on Averosoft Private Limited
Averosoft Private Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Gullipilli Venkata Shiva Prasad ceased to be Director on 12 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Averosoft Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Averosoft Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Averosoft Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Averosoft Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Averosoft Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Averosoft Private Limited
Averosoft is an active private limited company based in Vijayawada, Andhra Pradesh, India. The company works in software development and support services, within the information technology industry. It was incorporated on 29 September 2014 (12+ years old) and is registered under CIN U72900AP2014PTC095402.
Averosoft reported revenue of ₹71.28 Lakh for FY 2022 (up 37% YoY).
Averosoft has 3 current directors:
- Ravi Satyanarayana Gavirineni - Director
- Madala Mounika - Director
- Rama Krishna Madala - Director
Averosoft reported a net profit of ₹33,491 (net margin 0.5%) and EBITDA of ₹1.87 Lakh (EBITDA margin 2.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Averosoft is 84% over three years and 78% over five years. In the latest year (FY 2022) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Averosoft is U72900AP2014PTC095402. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Averosoft was incorporated on 29 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Gullipilli Venkata Shiva Prasad ceased to be Director on 12 Jul 2022. Madala Mounika was appointed as Director on 22 Jan 2021. Rama Krishna Madala was appointed as Director on 22 Jan 2021. Averosoft has 6 board changes on record in total.
Averosoft can be reached through the website averosoft.com. Its registered office is in Vijayawada, Andhra Pradesh, India.
The registered office of Averosoft is at 54 – 18 – 14 Flat No. 62 3rd Lane Lic Colony, Vijayawada, Andhra Pradesh, India – 520008.