Aves Shopping Network Private Limited
About Aves Shopping Network Private Limited
Data last updated:
Aves Shopping Network Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Luxeva India Private Limited. It operates in the business support services segment of the business services sector. It was incorporated on 05 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2019PTC227248. Its GSTIN is 06AASCA5831E1ZN (Haryana). The company holds 16 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹11.7 Lakh. It is led by directors including Narendra Rikhabchand Sanghvi and Disha Narendra Sanghvi.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 105/2 Shivajinagar Sanghvi Property, Pune, Maharashtra, India – 411005.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.69 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹9.92 Cr (net margin -369.1%) and EBITDA of -₹8.59 Cr (EBITDA margin -319.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BulBul. As per MCA filings, the company has open charges of ₹1.8 Cr on record. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹62 Cr; the latest was in December 2020.
Company details
CIN history
Aves Shopping Network has one previous CIN (Corporate Identification Number): U72900HR2019PTC081829. The current CIN is U72900PN2019PTC227248, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN2019PTC227248 | Current |
| U72900HR2019PTC081829 | Previous |
Contact details
Aves Shopping Network Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address105/2 Shivajinagar Sanghvi Property, Pune, Maharashtra, India – 411005
- IndustryBusiness Services, Business Support Services
To see the full contact details of Aves Shopping Network 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 Aves Shopping Network is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Aves Shopping Network Private Limited, buy the company report.
Financials of Aves Shopping Network Private Limited
FY 2023 filings availableAves Shopping Network Private Limited reported revenue of ₹2.69 Cr (down 29% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 29% fall in the latest year. EBITDA rose 65% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.69 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹8.59 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.92 Cr | |||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -319.6% | |||
| Net Profit Margin | -369.1% | |||
| 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 | ||||
To see the full financial statements and ratios of Aves Shopping Network Private Limited, buy the company report.
Board of directors of Aves Shopping Network Private Limited
Aves Shopping Network has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Rikhabchand Sanghvi Also directs: Sanghvi Brands Limited, The Kind Pet Company Private Limited, Sanghvi Lifestyle Products Private Limited and 3 more | Director | 18 Jan 2023 | 3 Years 9 Months | Current |
| Darpan Narendra Sanghvi Also directs: Sanghvi Brands Limited, Sanghvi Lifestyle Products Private Limited, Sanghvi Fitness Private Limited and 5 more | Additional Director | 28 Sep 2024 | 2 Years 1 Months | Current |
| Disha Narendra Sanghvi Also directs: Sanghvi Brands Limited, The Kind Pet Company Private Limited, Storynest Technologies Private Limited and 2 more | Director | 18 Jan 2023 | 3 Years 9 Months | Current |
Auditor
Aves Shopping Network Private Limited is audited by WALKER CHANDIOK & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Aves Shopping Network Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Aves Shopping Network Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2022 | 100592871 | Others | ₹1.8 Cr | Open |
To see the full charge records of Aves Shopping Network Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Aves Shopping Network Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹62 Cr; the latest was in December 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Funding round | ₹55.17 Cr | Investors: Bulbulive Shopping Network Pte Limited |
| May 2020 | Funding round | ₹6.83 Cr | Investors: Bulbulive Shopping Network Pte Limited |
| Dec 2019 | Rights issue | ₹40.76 Cr | Investors: Bulbulive Shopping Network Pte Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Bulbulive Shopping Network Pte Limited 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 Aves Shopping Network 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 Aves Shopping Network Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aves Shopping Network Private Limited has a workforce of 5 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Aves Shopping Network has 16 GST registrations: 15 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AASCA5831E1ZN | Haryana | Active | 17 Sep 2019 |
| 19AASCA5831E1CR | West Bengal | Active | 19 Nov 2019 |
| 06AASCA5831E1CY | Haryana | Active | 22 Nov 2019 |
| 09AASCA5831E1CS | Uttar Pradesh | Active | 22 Nov 2019 |
To see the full GST registrations and return filing status of Aves Shopping Network Private Limited, buy the company report.
Recent activity
Aves Shopping Network Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Darpan Narendra Sanghvi was appointed as Additional Director on 28 Sep 2024.
2 earlier events are in the company report.
Frequently asked questions
Aves Shopping Network is an active private limited company based in Pune, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 05 August 2019 (7+ years old) and is registered under CIN U72900PN2019PTC227248.
Aves Shopping Network has 3 current directors:
- Narendra Rikhabchand Sanghvi - Director
- Darpan Narendra Sanghvi - Additional Director
- Disha Narendra Sanghvi - Director
The latest financial statements of Aves Shopping Network on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Aves Shopping Network is 06AASCA5831E1ZN, registered in Haryana. The company has 16 GST registrations in all, of which 15 are active and 1 is cancelled or inactive. Other active GSTINs include 19AASCA5831E1CR (West Bengal), 06AASCA5831E1CY (Haryana), 09AASCA5831E1CS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Aves Shopping Network is U72900PN2019PTC227248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aves Shopping Network was incorporated on 05 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Aves Shopping Network has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹62 Cr; the latest was in December 2020.
Darpan Narendra Sanghvi was appointed as Additional Director on 28 Sep 2024. Kamal Kumar Lath ceased to be Additional Director on 28 Sep 2024. Disha Narendra Sanghvi was appointed as Director on 18 Jan 2023. Aves Shopping Network has 9 board changes on record in total.
The registered office of Aves Shopping Network is at 1052 Shivajinagar Sanghvi Property, Pune, Maharashtra, India – 411005.
Aves Shopping Network operates in the business services industry, in the business support services segment.
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