Avid Systems Private Limited
About Avid Systems Private Limited
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Avid Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 26 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC056008. Its GSTIN is 29AAJCA1626L1ZG (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anuradha Vridhagiri and Rajiva Kumar Verma.
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 No.16 – A Room No.8 Phase 1 Peenya Industrial Area Peenya 1st Phase, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.32 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹4.6 Lakh (net margin -72.8%) and EBITDA of -₹3.09 Lakh (EBITDA margin -48.8%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 13% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Avid Systems Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.16 – A Room No.8 Phase 1 Peenya Industrial Area Peenya 1st Phase, Bangalore, Karnataka, India – 560058
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Avid Systems 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
Financials of Avid Systems Private Limited
FY 2024 filings availableAvid Systems Private Limited reported revenue of ₹6.32 Lakh (down 27% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 27% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.32 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.6 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -48.8% | ||||
| Net Profit Margin | -72.8% | ||||
| 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 Avid Systems Private Limited, buy the company report.
Board of directors of Avid Systems Private Limited
Avid Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuradha Vridhagiri Also directs: Rangsons Aerospace Private Limited | Director | 26 Nov 2010 | 15 Years 10 Months | Current |
| Rajiva Kumar Verma | Director | 26 Nov 2010 | 15 Years 10 Months | Current |
Auditor
Avid Systems Private Limited is audited by BALAJI SAMUDRALA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAJI SAMUDRALA & CO | FY 2020 | 008139S |
Shareholding
The shareholding of Avid Systems Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avid Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avid Systems 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 Avid Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avid Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCA1626L1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avid Systems Private Limited, buy the company report.
Recent activity
Avid Systems Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Anuradha Vridhagiri was appointed as Director on 26 Nov 2010.
Frequently asked questions
Avid Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 26 November 2010 (16+ years old) and is registered under CIN U72200KA2010PTC056008.
Avid Systems has 2 current directors:
- Anuradha Vridhagiri - Director
- Rajiva Kumar Verma - Director
The latest financial statements of Avid Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avid Systems is 29AAJCA1626L1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Avid Systems is U72200KA2010PTC056008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avid Systems was incorporated on 26 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Anuradha Vridhagiri was appointed as Director on 26 Nov 2010. Rajiva Kumar Verma was appointed as Director on 26 Nov 2010.
The registered office of Avid Systems is at No.16 – A Room No.8 Phase 1 Peenya Industrial Area Peenya 1st Phase, Bangalore, Karnataka, India – 560058.
Avid Systems operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Avid Systems is compliant as of 06 August 2026. The company is actively filing with the Registrar of Companies.