About Avgarde Systems Private Limited
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Avgarde Systems Private Limited is a private limited company based in Gmc, Assam, India, recognised as a startup by DPIIT. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 07 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U74999AS2018PTC018387. Its GSTIN is 18AAQCA6022P1Z4 (Assam). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.31 Lakh. It is led by directors Nilutpal Choudhury and Manash Pratim Bhuyan.
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 Gmc, Assam.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.24 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹72.51 Lakh (net margin -58.7%) and EBITDA of -₹49.74 Lakh (EBITDA margin -40.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company is associated with 1 brand: Avgarde. As per MCA filings, the company has open charges of ₹1.09 Cr and satisfied charges of ₹45 Lakh on record. The company has 8 deals on record (4 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.2 Cr; the latest was in July 2024. Its 10 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Shandong Chunlong Group India Private Limited.
For more details, the company can be reached via its website avgarde.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressHouse No. 42 A Basisthapur Lane No. 1, Beltola Road Guwahati, Gmc, Assam, India – 781006
- IndustryTelecom, Telecom Equipment & Tech Solutions
- 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
Business Activity of Avgarde Systems Private Limited
The main business activity of Avgarde Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avgarde Systems Private Limited FY 2024 filings available
Avgarde Systems Private Limited reported revenue of ₹1.24 Cr (down 47% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Avgarde Systems Private Limited
Revenue fell 47% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 426% 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 Avgarde Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.24 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹49.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹72.51 Lakh | •••• | •••• | •••• | •••• |
| 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 Avgarde Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -40.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -58.7% | •••• | •••• | •••• | •••• |
| 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 Avgarde Systems are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Avgarde Systems Private Limited
Avgarde Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shandong Chunlong Group India Private Limited | •••• | •••• | •••• | •••• | - | Gautam Budh Nagar, Uttar Pradesh, India |
| Solean India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Fuji Tech Products Private Limited | •••• | •••• | •••• | •••• | - | Andheri East, Maharashtra, India |
| Cascade Helio Thermics Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Lavis Engineering India Private Limited | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Avgarde Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Gmc, Assam, India |
| Inertech Projects Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Harsh Pranjal Instrument & Power Private Limited | •••• | •••• | •••• | •••• | - | Dombivli, Maharashtra, India |
| Flowell Pneumatics Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Pitambra Hydrofix Private Limited | •••• | •••• | •••• | •••• | - | Orchha, Madhya Pradesh, India |
| Beezer Industries (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Hoskote, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Avgarde Systems by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Avgarde Systems Private Limited
Avgarde Systems Private Limited is audited by AMLAN BHADRA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMLAN BHADRA & 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 Avgarde Systems Private Limited
Avgarde Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilutpal Choudhury Also directs: Avgarde Labs Private Limited | Director | 07 Mar 2018 | 8 Years 7 Months | Current |
| Manash Pratim Bhuyan Also directs: Avgarde Labs Private Limited | Director | 30 May 2019 | 7 Years 4 Months | Current |
Ownership and Shareholding of Avgarde Systems 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 Avgarde Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Aug 2022 | Indian Bank | ₹50 Lakh | Open |
| 26 Aug 2022 | Indian Bank | ₹58.5 Lakh | Open |
| 04 Feb 2020 | State Bank of India | ₹45 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Avgarde Systems Private Limited
Avgarde Systems Private Limited has 8 deals on record (4 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.2 Cr; the latest was in July 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Funding round | ₹4.2 Cr | Investors: North East Venture Fund (NEVF), 2 individuals |
| Nov 2023 | Funding round | ₹2 Cr | Investors: 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2022 | Rights issue | ₹10 Lakh | Investors: IIT Guwahati Technology Innovation and Development Foundation |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: Society For Innovation And Development Seller: an individual |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Avgarde Systems Private Limited
Avgarde Systems operates one associated brand: AVGARDE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-enabled drone detection and countermeasure platforms are developed. | avgarde.net |
Employees and EPFO Compliance at Avgarde Systems Private Limited
Employment history and EPFO contributions of people linked to Avgarde Systems.
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.
Recent Activity on Avgarde Systems Private Limited
Avgarde Systems Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Amal Kunnel Sebastian ceased to be Director on 12 Sep 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Avgarde Systems 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 Avgarde Systems 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 Avgarde Systems 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 Avgarde Systems Private Limited
Avgarde Systems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAQCA6022P1Z4 | Assam | Active | 12 Apr 2018 |
| 29AAQCA6022P1Z1 | Karnataka | Active | 02 Mar 2020 |
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 Avgarde Systems 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 Avgarde Systems Private Limited
Avgarde Systems is an active private limited company based in Gmc, Assam, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 07 March 2018 (8+ years old) and is registered under CIN U74999AS2018PTC018387.
Avgarde Systems reported revenue of ₹1.24 Cr for FY 2023 (down 47% YoY).
Avgarde Systems has 2 current directors:
- Nilutpal Choudhury - Director
- Manash Pratim Bhuyan - Director
Avgarde Systems reported a net loss of ₹72.51 Lakh (net margin -58.7%) and EBITDA of -₹49.74 Lakh (EBITDA margin -40.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avgarde Systems is 7% over three years. In the latest year (FY 2023) revenue fell 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avgarde Systems is 18AAQCA6022P1Z4, registered in Assam. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAQCA6022P1Z1 (Karnataka).
The CIN (Corporate Identification Number) of Avgarde Systems is U74999AS2018PTC018387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avgarde Systems was incorporated on 07 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Guwahati.
Avgarde Systems has 8 deals on record (4 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.2 Cr; the latest was in July 2024.
The peers of Avgarde Systems by revenue are Shandong Chunlong Group India Private Limited, Solean India Private Limited, Fuji Tech Products Private Limited, Cascade Helio Thermics Limited, Lavis Engineering India Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Amal Kunnel Sebastian ceased to be Director on 12 Sep 2022. Seemon Dutta ceased to be Director on 01 Nov 2021. Tapan Choudhury ceased to be Director on 13 Jun 2019. Avgarde Systems has 5 board changes on record in total.