About Avit Business Solution Private Limited
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Avit Business Solution Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2020PTC196602. Its GSTIN is 27AAUCA4806B1ZQ (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hitesh Chunilal Chaudhari and Vipul Chunilal Chaudhary.
Its last annual general meeting (AGM) was held on 15 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Flat No. B – 1/508 Sno – 339 Ganga Legend Society Bavdhan, Pune, Maharashtra, India – 411021.
As per the financials filed for FY 2022, the company reported a revenue of ₹74.18 Lakh. For the same year it recorded a net profit of ₹59,236 (net margin 0.8%) and EBITDA of ₹81,987 (EBITDA margin 1.1%).
For more details, the company can be reached via its website avbusinesssolution.com.
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- Website
- Social Media
- Registered AddressFlat No. B – 1/508 Sno – 339 Ganga Legend Society Bavdhan, Pune, Maharashtra, India – 411021
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Avit Business Solution Private Limited
The main business activity of Avit Business Solution is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Avit Business Solution Private Limited FY 2022 filings available
Avit Business Solution Private Limited reported revenue of ₹74.18 Lakh for FY 2022.
Financial Statement Summary of Avit Business Solution Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹74.18 Lakh | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹81,987 | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹59,236 | •••• |
| 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 Avit Business Solution Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.1% | •••• |
| Net Profit Margin | 0.8% | •••• |
| 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 Avit Business Solution are in the company report.
Financial statements from FY 2021
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 Avit Business Solution Private Limited
Avit Business Solution Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technodreams IT Solutions Private Limited | ₹74.28 Lakh (FY 2018) | •••• | •••• | 87.0% | •••• | Bellary, Karnataka, India |
| Aranax Technologies Private Limited | ₹74.23 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | Kolkata, West Bengal, India |
| Redpunch Software Private Limited | ₹74.19 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Delhi, India |
| Inteletech Solutions India Private Limited | ₹74.19 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Arieon Technology Private Limited | ₹74.19 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | New Delhi, Delhi, India |
| Avit Business Solution Private Limited this company | ₹74.18 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Netsoftmate IT Solutions Private Limited | ₹74.17 Lakh (FY 2025) | •••• | •••• | -68.0% | •••• | Hyderabad, Telangana, India |
| Collaborative Intelligence Private Limited | ₹74.02 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Gurgaon, Haryana, India |
| FDC Innovation Labs Private Limited | ₹73.89 Lakh (FY 2025) | •••• | •••• | 40.0% | •••• | Pune, Maharashtra, India |
| Suriworld Global Ventures Private Limited | ₹73.86 Lakh (FY 2023) | •••• | •••• | -25.0% | •••• | Bangalore, Karnataka, India |
| Thirtyfour Soft Systems Private Limited | ₹73.85 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Kharar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Avit Business Solution by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Avit Business Solution Private Limited
Avit Business Solution has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Chunilal Chaudhari | Director | 05 Dec 2020 | 5 Years 10 Months | Current |
| Vipul Chunilal Chaudhary | Director | 05 Dec 2020 | 5 Years 10 Months | Current |
Ownership and Shareholding of Avit Business Solution 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 Avit Business Solution Private Limited
Avit Business Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Avit Business Solution Private Limited
Avit Business Solution Private Limited has a workforce of 0 employees as of Apr 05, 2024.
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 Avit Business Solution Private Limited
Avit Business Solution Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Hitesh Chunilal Chaudhari was appointed as Director on 05 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Avit Business Solution 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 Avit Business Solution 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 Avit Business Solution 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 Avit Business Solution Private Limited
Avit Business Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCA4806B1ZQ | Maharashtra | Active | 07 Jul 2021 |
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 Avit Business Solution 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 Avit Business Solution Private Limited
Avit Business Solution is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 December 2020 (6+ years old) and is registered under CIN U72900PN2020PTC196602.
Avit Business Solution reported revenue of ₹74.18 Lakh for FY 2022.
Avit Business Solution has 2 current directors:
- Hitesh Chunilal Chaudhari - Director
- Vipul Chunilal Chaudhary - Director
Avit Business Solution reported a net profit of ₹59,236 (net margin 0.8%) and EBITDA of ₹81,987 (EBITDA margin 1.1%) for FY 2022, as per its filed financial statements.
The GSTIN of Avit Business Solution is 27AAUCA4806B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avit Business Solution is U72900PN2020PTC196602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avit Business Solution was incorporated on 05 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Avit Business Solution by revenue are Technodreams IT Solutions Private Limited, Aranax Technologies Private Limited, Redpunch Software Private Limited, Inteletech Solutions India Private Limited, Arieon Technology Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Hitesh Chunilal Chaudhari was appointed as Director on 05 Dec 2020. Vipul Chunilal Chaudhary was appointed as Director on 05 Dec 2020.
Yes, Avit Business Solution is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Avit Business Solution can be reached through the website avbusinesssolution.com. Its registered office is in Pune, Maharashtra, India.