About Avi Networks India Private Limited
Data last updated:
Avi Networks India Private Limited was a foreign private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Avi Networks Llc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 March 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016FTC086768. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Craig Douglas Norris and Devakumar Ramamoorthy.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 10th Floor 165/1 & 165/17 Kalyani Vista J.P. Nagar, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2022, the company reported a revenue of ₹7 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹63.77 Lakh and EBITDA of -₹19.59 Lakh (EBITDA margin -279.9%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 62% over five years.
The company had about 131 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Avi Networks. As per MCA filings, the company had satisfied charges of ₹18.75 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is avinetworks.com.
Company details
Contact details
Avi Networks India Private Limited's registered office is in Bangalore, Karnataka. Its website is avinetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10th Floor 165/1 & 165/17 Kalyani Vista J.P. Nagar, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Avi Networks India 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
Brands
Avi Networks India operates one associated brand: Avi Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Application Delivery Controller and WAF for on-premise and cloud applications | avinetworks.com |
Financials of Avi Networks India Private Limited
FY 2022 filings availableAvi Networks India Private Limited reported revenue of ₹7 Lakh (down 99% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 99% fall in the latest year. EBITDA fell 82% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹19.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.77 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -279.9% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Avi Networks India Private Limited, buy the company report.
Board of directors of Avi Networks India Private Limited
Avi Networks India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Craig Douglas Norris | Director | 09 Jun 2022 | 4 Years 4 Months | As last reported |
| Devakumar Ramamoorthy Also directs: Vmware Software India Private Limited | Director | 04 Feb 2022 | 4 Years 8 Months | As last reported |
Auditor
Avi Networks India Private Limited is audited by VISHNU DAYA & CO. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHNU DAYA & CO. LLP | FY 2022 | 008456S/S200092 |
Shareholding
The shareholding of Avi Networks India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avi Networks India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2018 | 100225480 | Others | ₹18.75 Lakh | Satisfied |
To see the full charge records of Avi Networks India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Avi Networks India Private Limited has 2 court cases on record: 2 filed by Avi Networks India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Avi Networks India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avi Networks India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avi Networks India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avi Networks India Private Limited, buy the company report.
Recent activity
Avi Networks India Private Limited has 9 board changes on record since 2016: 2 appointments and 7 cessations. The latest: Craig Douglas Norris ceased to be Additional Director on 29 Sep 2022.
2 earlier events are in the company report.
News
Frequently asked questions
Avi Networks India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Avi Networks India was a foreign private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 08 March 2016 and is registered under CIN U72200KA2016FTC086768. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Avi Networks India was incorporated on 08 March 2016. It is registered with the Registrar of Companies, Bangalore.
Avi Networks India had 2 directors:
- Craig Douglas Norris - Director
- Devakumar Ramamoorthy - Director
The CIN (Corporate Identification Number) of Avi Networks India is U72200KA2016FTC086768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Avi Networks India is at 10th Floor 1651 & 16517 Kalyani Vista J.P. Nagar, Bangalore, Karnataka, India – 560076.
Avi Networks India can be reached through the website avinetworks.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Avi Networks India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from FY 2016 are in the company report.
No. Avi Networks India has 1 GST registration on record and it is cancelled or inactive.
Avi Networks India operated in the information technology industry, in the application development and software solutions segment.
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