Startup India Government of India
Avgi Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.2 Cr
▼ 46% YoY
Net loss · FY 2025
₹70.46 Lakh
Net margin -16.8%
EBITDA · FY 2025
-₹59.93 Lakh
EBITDA margin -14.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.16 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
24
Provident fund records
About Avgi Solutions Private Limited
Data last updated:
Avgi Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2016PTC097711. Its GSTIN is 29AAOCA8901F1ZG (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sudhindra Nagaraju Venkatarao and Venkatesh Shastry Venkatasubba Ramanandashastry.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.2 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹70.46 Lakh (net margin -16.8%) and EBITDA of -₹59.93 Lakh (EBITDA margin -14.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avgisolutions. As per MCA filings, the company has open charges of ₹1.16 Cr on record.
Avgi Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0044965). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avgisolutions.com.
Company details
CIN U72501KA2016PTC097711
Registration Number 097711
Incorporation Date 10 November 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0044965
Key People
Sudhindra Nagaraju Venkatarao Director Venkatesh Shastry Venkatasubba Ramanandashastry Director Sonika Hemant Khandeparkar Director Recognitions & Rankings of Avgi Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0044965
Contact details
Avgi Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is avgisolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBhive Workspace Bhive Premium Hsr S6 L – 148, 5th Main Road Sector – 6, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Avgi Solutions Private Limited, buy the company report.
Comprehensive company report
Avgi Solutions Private Limited - one report that includes everything
- 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
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Brands
Avgi Solutions operates one associated brand: Avgisolutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers customized IT solutions and services for business needs of mid-sized organizations. | avgisolutions.com |
Business activity
The main business activity of Avgi Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Avgi Solutions Private Limited, buy the company report.
Financials of Avgi Solutions Private Limited
FY 2025 filings availableAvgi Solutions Private Limited reported revenue of ₹4.2 Cr (down 46% YoY) for FY 2025.
Revenue · FY 2025
₹4.2 Cr ▼ 46%
Net loss · FY 2025
₹70.46 Lakh margin -16.8%
EBITDA · FY 2025
-₹59.93 Lakh margin -14.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 6%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 145%
3 years · compounded
▼ 43%
5 years · compounded
▼ 49%
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 145% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹59.93 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.46 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.3% | ||||
| Net Profit Margin | -16.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avgi Solutions Private Limited, buy the company report.
Board of directors of Avgi Solutions Private Limited
Avgi Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhindra Nagaraju Venkatarao Also directs: BWT Technologies Private Limited | Director | 06 May 2024 | 2 Years 5 Months | Current |
| Venkatesh Shastry Venkatasubba Ramanandashastry | Director | 23 Apr 2025 | 1 Years 6 Months | Current |
| Sonika Hemant Khandeparkar | Director | 23 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Avgi Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovar Software Solutions Private Limited | ₹4.21 Cr (FY 2025) | 60.0% | Hyderabad, Telangana, India | |||
| Elysium Net Solution Private Limited | ₹4.21 Cr (FY 2025) | 21.0% | Jammu, Jammu and Kashmir, India | |||
| Deccan Infosystems Private Limited | ₹4.21 Cr (FY 2015) | 15.0% | Bangalore, Karnataka, India | |||
| Avitec Innovations Private Limited | ₹4.2 Cr (FY 2025) | 4.0% | Bangalore, Karnataka, India | |||
| D Blurb Advertising Private Limited | ₹4.2 Cr (FY 2025) | 55.0% | Kolkata, West Bengal, India | |||
| Avgi Solutions Private Limitedthis company | ₹4.2 Cr (FY 2025) | -₹70.46 Lakh | -16.8% | -46.0% | 24 | Bangalore, Karnataka, India |
| Visiocorp Technologies India Private Limited | ₹4.2 Cr (FY 2025) | -1.0% | Noida, Uttar Pradesh, India | |||
| Teamstreamz India Private Limited | ₹4.2 Cr (FY 2025) | 2.0% | Bengaluru, Karnataka, India | |||
| Smartfoodsafe India Private Limited | ₹4.2 Cr (FY 2025) | 46.0% | Bangalore, Karnataka, India | |||
| Algomill Technologies (OPC) Private Limited | ₹4.2 Cr (FY 2025) | 8.0% | Mohali, Punjab, India | |||
| Toqsoft Technologies Private Limited | ₹4.2 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Avgi Solutions Private Limited, buy the company report.
Auditor
Avgi Solutions Private Limited is audited by MANOJ KUMAR D & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ KUMAR D & ASSOCIATES | FY 2021 | 013987S |
Shareholding
The shareholding of Avgi Solutions Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avgi Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.16 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2024 | 101000873 | Others | ₹1 Cr | Open | |
| 25 Jan 2021 | 100416319 | Others | ₹16 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Avgi 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 Avgi Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avgi Solutions Private Limited has a workforce of 24 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
GST
Avgi Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA8901F1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avgi Solutions Private Limited, buy the company report.
Recent activity
Avgi Solutions Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Hemant Gajanan Khandeparkar ceased to be Director on 23 Apr 2025.
AGM
Avgi Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Hemant Gajanan Khandeparkar ceased to be Director.
Appointed
Sonika Hemant Khandeparkar was appointed as Director.
Appointed
Venkatesh Shastry Venkatasubba Ramanandashastry was appointed as Director.
Filing
Avgi Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101000873 was registered on 25 Sep 2024.
Ceased
Rama Bhasin ceased to be Director.
Appointed
Sudhindra Nagaraju Venkatarao was appointed as Director.
Ceased
Avinash Arun Kaujalgi ceased to be Director.
Charges
A charge with Others amounted to Rs. 16.00 Lakh with Charge ID 100416319 was registered on 25 Jan 2021.
Appointed
Hemant Gajanan Khandeparkar was appointed as Director.
Incorporation
10 Nov 2016
Avgi Solutions Private Limited was registered on 10 Nov 2016 with Roc Bangalore & aged 9 years 11 months as per MCA records.
Frequently asked questions
Avgi Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 November 2016 (10+ years old) and is registered under CIN U72501KA2016PTC097711.
Avgi Solutions has 3 current directors:
- Sudhindra Nagaraju Venkatarao - Director
- Venkatesh Shastry Venkatasubba Ramanandashastry - Director
- Sonika Hemant Khandeparkar - Director
The latest financial statements of Avgi Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Avgi Solutions is 29AAOCA8901F1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Avgi Solutions is U72501KA2016PTC097711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avgi Solutions was incorporated on 10 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Avgi Solutions by revenue are Innovar Software Solutions Private Limited, Elysium Net Solution Private Limited, Deccan Infosystems Private Limited, Avitec Innovations Private Limited, D Blurb Advertising Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Hemant Gajanan Khandeparkar ceased to be Director on 23 Apr 2025. Sonika Hemant Khandeparkar was appointed as Director on 23 Apr 2025. Venkatesh Shastry Venkatasubba Ramanandashastry was appointed as Director on 23 Apr 2025. Avgi Solutions has 7 board changes on record in total.
Yes, Avgi Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Avgi Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0044965).
Avgi Solutions can be reached through the website avgisolutions.com. Its registered office is in Bangalore, Karnataka, India.