Avn Business Solutions Private Limited

Avn Business Solutions Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74999MH2013PTC241818 Incorporated 09 April 2013 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company internet MSME · Small
Data last updated
Revenue · FY 2025
₹32.44 Cr
▲ 14% YoY
Net loss · FY 2025
₹4.46 Cr
Net margin -13.8%
EBITDA · FY 2025
-₹3.65 Cr
EBITDA margin -11.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹12.41 Lakh
Issued & subscribed
Open charges
₹90 Lakh
Satisfied ₹30 Lakh
Company age
13 yrs
Est. 2013
Employees · EPFO
84
Provident fund records

About Avn Business Solutions Private Limited

Data last updated:

Avn Business Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 09 April 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2013PTC241818. Its GSTIN is 27AALCA5307N1ZC (Maharashtra). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹12.41 Lakh. It is led by directors including Vishal Shrigopal Totla (Whole-Time Director) and Nayan Shantilal Ratandhayara (Whole-Time Director).

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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹32.44 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹4.46 Cr (net margin -13.8%) and EBITDA of -₹3.65 Cr (EBITDA margin -11.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 41% over five years.

The company has about 84 employees on its provident fund (EPFO) records.

The company is associated with 3 brands: AVN Business Solutions, Shipyaari and Carryship. As per MCA filings, the company has open charges of ₹90 Lakh and satisfied charges of ₹30 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in September 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 12 overdue payments to 4 micro and small suppliers.

Avn Business Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0021788). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shipyaari.com.

Company details

CIN U74999MH2013PTC241818
Registration Number 241818
Incorporation Date 09 April 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0021788
Key People
Vishal Shrigopal Totla Whole-Time Director Nayan Shantilal Ratandhayara Whole-Time Director Ganesh Venkatasubramany Iyer Additional Director

Recognitions & Rankings of Avn Business Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0021788

Contact details

Avn Business Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is shipyaari.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shipyaari.com
  • Social Media
  • Registered Address
    12A 3rd Floor Techniplex – II Techniplex Complex, S.V. Road Off Veer Savarkar Flyover Goregaon West, Mumbai, Maharashtra, India – 400104
  • Industry
    Internet, Online Service Marketplaces

To see the full contact details of Avn Business Solutions Private Limited, buy the company report.

Comprehensive company report
Avn Business 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

Avn Business Solutions operates multiple associated brands including AVN Business Solutions, Shipyaari, and Carryship. Each brand links to its own profile.

BrandDescriptionWebsite
AVN Business Solutions
Offers a user-friendly platform for business software solutions.avnbiz.in
Shipyaari
Offers eCommerce shipping, bulk transport, and international delivery services.shipyaari.com
Carryship
Delivers efficient delivery management software for businesses.carryship.in

Business activity

The main business activity of Avn Business Solutions is transport and storage. In detail, this covers warehousing and storage.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH6Warehousing and storage

To see the full business activity and turnover split of Avn Business Solutions Private Limited, buy the company report.

Financials of Avn Business Solutions Private Limited

FY 2024 filings available

Avn Business Solutions Private Limited reported revenue of ₹32.44 Cr (up 14% YoY) for FY 2025.

Revenue · FY 2025
₹32.44 Cr ▲ 14%
Net loss · FY 2025
₹4.46 Cr margin -13.8%
EBITDA · FY 2025
-₹3.65 Cr margin -11.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 26%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▼ 73%
5 years · compounded
▼ 59%

Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 14% growth in the latest year. EBITDA rose 53% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹3.65 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹4.46 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-11.3%
Net Profit Margin-13.8%
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

To see the full financial statements and ratios of Avn Business Solutions Private Limited, buy the company report.

Board of directors of Avn Business Solutions Private Limited

Avn Business Solutions has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vishal Shrigopal Totla
Also directs: Avn Transportation & Supply Chain Solutions Private Limited, Rebalife Sciences Private Limited, Logiqchain Technologies Private Limited
Whole-Time Director09 Apr 201313 Years 7 MonthsCurrent
Ganesh Venkatasubramany Iyer
Also directs: Green Logitech LLP, Cargodham Freight Technologies Private Limited, Sentient Networks Private Limited and 5 more
Additional Director19 Mar 20251 Years 7 MonthsCurrent
Nayan Shantilal Ratandhayara
Also directs: The Satvic Origin Private Limited, Avn Transportation & Supply Chain Solutions Private Limited
Whole-Time Director17 Sep 201313 Years 1 MonthsCurrent
Ajaykumar Rambhai Mokariya
Also directs: Green Logitech LLP, Coldverse Supply Chain Private Limited, Cargodham Freight Technologies Private Limited and 5 more
Director02 Feb 20233 Years 9 MonthsCurrent
View all directors

Auditor

Avn Business Solutions Private Limited is audited by Dhirubhai Shah & Co LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Dhirubhai Shah & Co LLPFY 2023102511W/W100298

Shareholding

The shareholding of Avn Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Avn Business Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹90 Lakh
Satisfied charges
₹30 Lakh
Breakdown by lending institutions
Axis Bank Limited₹0.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Jul 2022100692031Axis Bank Limited₹90 LakhOpen
13 Apr 2017100101822Hdfc Bank Limited₹30 LakhSatisfied

To see the full charge records of Avn Business Solutions Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Avn Business Solutions Private Limited has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in September 2022.

Total deals
4
Secondary share transfers
3
Rights issue
1

Deals on record (4 of 4)

WhenDealAmountParties
Sep 2022Rights issue₹10 LakhInvestors: 2 individuals
Dec 2017Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Aug 2016Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Sep 2013Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Avn Business Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 12 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (4 of 4)

SupplierAmount dueDue sinceReported on
Goognu Data Services Private Limited
Synergy Technology Services Private Limited
an individual supplier
Laniban Buildtech Private Limited

To see the full MSME payment records of Avn Business Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Avn Business Solutions Private Limited has a workforce of 84 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
84
Active EPFO establishments
1
Employee growth
64.71%

GST

Avn Business Solutions has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AALCA5307N1ZCMaharashtraActive01 Jul 2017
07AALCA5307N1ZEDelhiActive25 Feb 2021
29AALCA5307N1DHKarnatakaActive17 Jan 2025

To see the full GST registrations and return filing status of Avn Business Solutions Private Limited, buy the company report.

Recent activity

Avn Business Solutions Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Ganesh Venkatasubramany Iyer was appointed as Additional Director on 19 Mar 2025.

Appointed
Ganesh Venkatasubramany Iyer was appointed as Additional Director.
AGM
Avn Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avn Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ajaykumar Rambhai Mokariya ceased to be Additional Director.
Ceased
Vishal Shrigopal Totla ceased to be Director.
Appointed
Ajaykumar Rambhai Mokariya was appointed as Director.
Charges
A charge registered on 13 Apr 2017 via Charge ID 100101822 with Hdfc Bank Limited was fully satisfied on 09 Nov 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100692031 was registered on 20 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Lakh with Charge ID 100101822 was registered on 13 Apr 2017.
Ceased
Prathik Bellapukonda ceased to be Additional Director.
Ceased
Nayan Shantilal Ratandhayara ceased to be Additional Director.
Ceased
Aditya Kamalkant Pandey ceased to be Director.

3 earlier events are in the company report.

News

Frequently asked questions

Avn Business Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 09 April 2013 (13+ years old) and is registered under CIN U74999MH2013PTC241818.

Avn Business Solutions has 4 current directors:

The latest financial statements of Avn Business Solutions 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 Avn Business Solutions is 27AALCA5307N1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AALCA5307N1ZE (Delhi), 29AALCA5307N1DH (Karnataka).

The CIN (Corporate Identification Number) of Avn Business Solutions is U74999MH2013PTC241818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Avn Business Solutions has 1 court case on record: 1 filed by the company.

Avn Business Solutions was incorporated on 09 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.

Avn Business Solutions has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in September 2022.

Ganesh Venkatasubramany Iyer was appointed as Additional Director on 19 Mar 2025. Ajaykumar Rambhai Mokariya ceased to be Additional Director on 29 Sep 2023. Vishal Shrigopal Totla ceased to be Director on 28 Feb 2023. Avn Business Solutions has 9 board changes on record in total.

Yes, Avn Business Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0021788).

Avn Business Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 12 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Apr 2024.