About Avananta
Avananta is a Technology company based in Mumbai (India) founded in 2017. It offers customized AI technologies for enterprise clients across various sectors and innovation needs. It operates on a B2B model. Its Indian entity Avananta Innovations Private Limited reported revenue of ₹4.35 Cr. Avananta offers products and services including AI Solutions and AI Consulting. Its focus areas include Artificial Intelligence, AI Solutions, Business Consulting and Research and Development. Its competitors include SRI, Kakao Brain, ETRI, MILA and Google DeepMind and 2 more; 2 of its 7 listed competitors have raised funding.
Company details
Avananta is a company run by computer scientists from IIT with extensive experience in AI research at labs like Samsung and Microsoft. They deliver customized AI solutions to help businesses identify key AI applications, innovate processes, and achieve lasting competitive advantages. The firm works with large enterprise clients across multiple sectors, focusing on transforming operations through AI integration, though specific locations are not detailed.
- Headquarters Mumbai, India
- SectorsTechnology
- Website avananta.com
- Legal Name Avananta Innovations Private Limited
- Date of Incorporation 18 May, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.35 Cr
FY 2025 · -10% YoY
- Net Profit₹2.25 Cr
FY 2025 · 52% margin
- EBITDA₹2.98 Cr
FY 2025 · 69% margin
Associated legal entities of Avananta
Avananta operates through Avananta Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avananta Innovations Private Limited CIN U74999MH2016PTC281297 | Active | 18 May 2016 | Mumbai, Maharashtra | ₹4.4 Cr | – | 3 | View details |
Products & Services of Avananta
Avananta offers a comprehensive portfolio of products and services, including AI Solutions and AI Consulting.
Customized AI for identifying business AI areas and driving innovation.
Services to help enterprises innovate using AI technologies and research expertise.
Board of directors of Avananta Innovations Private Limited (Avananta)
Avananta Innovations Private Limited is the primary company behind Avananta. The board of Avananta Innovations Private Limited currently have 3 directors; the longest-serving is Advait Nagesh Alai, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Advait Nagesh Alai DIN 07497349 | Director | 18 May 2016 | 10 yrs 5 mo | Avananta Innovations Private Limited |
| Adhiraj Nagesh Alai DIN 07241324 | Director | 18 May 2016 | 10 yrs 5 mo | Avananta Innovations Private Limited |
| Nagesh Ganesh Alai DIN 01290616 | Director | 06 Jun 2018 | 8 yrs 4 mo | Avananta Innovations Private Limited |
Financials of Avananta
Figures of Avananta Innovations Private Limited, the primary company behind Avananta, for FY 2025. Revenue was ₹4.35 Cr (-10% year on year). Net profit was ₹2.25 Cr (52% margin). EBITDA was ₹2.98 Cr (69% margin). Revenue has grown at a compounded annual rate of +7% over three years and +90% over five years.
- ₹4.35 CrRevenue · FY 2025 · -10% YoY
- ₹2.25 CrNet profit · 52% margin
- ₹2.98 CrEBITDA · 69% margin
- ₹1 LakhPaid-up capital
- +7%Revenue CAGR, 3 years
- +90%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avananta Innovations Private Limited are on its company page.
Detailed financial statements for Avananta
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Competitors of Avananta
Avananta has 7 listed competitors in our database, 2 of them funded. They include SRI, Kakao Brain, ETRI, MILA and Google DeepMind, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sri.com | 1946 | United States | – | 1,741 | Research and development in scientific fields are pursued by SRI. | |
| kakaobrain.com | 2017 | Seongnam-si, South Korea | – | – | Provides comprehensive AI and cloud-based research services for businesses. | |
| etri.re.kr | 1976 | Yuseong, South Korea | – | – | Provider of electronics and telecommunication research institute | |
| mila.quebec | 1993 | Montreal, Canada | $8.5M | – | AI research services are provided by MILA in Montreal. | |
| deepmind.google | 2010 | London, United Kingdom | – | – | Conducts AI research and builds intelligent models for global challenges. | |
| allenai.org | 2014 | Seattle, United States | – | 194 | Provider of AI research, natural language processing, and computer vision services | |
| kuano.ai | 2020 | – | $3.63M | 4 | AI and quantum services for molecular design are provided. |
Detailed competitors of Avananta
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in AI in Business Intelligence
10 companies that operate in the same segment as Avananta (AI in Business Intelligence), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IT consulting, AI services, and digital engineering solutions for various industries. | 1993 | Hyderabad, Telangana, India | – | USD 110.56 M | 1,184 | |
Offers IT consulting, cloud technologies, data automation, AI, and engineering services worldwide. | 2004 | Hyderabad, Telangana, India | – | – | 895 | |
AI solutions for pharmaceuticals, hospitals, and data analytics. | 2011 | Hyderabad, Telangana, India | – | USD 1.86 M | 64 | |
Avoca is recognized as an AI workforce solution for service businesses. | 2022 | New York City, New York, United States | USD 125 M | – | 270 | |
Offers online courses and certifications in emerging technologies and professional development. | 2020 | Bengaluru, Karnataka, India | – | USD 23.18 M | 602 | |
IT solutions and digital transformation services are provided across industries. | 1999 | Madison Heights, Michigan, United States | – | USD 114.58 | – | |
Offers market research, data analysis, insights, and technology solutions for businesses worldwide. | 2000 | Delhi, Delhi, India | – | USD 9.1 M | – | |
Ajira provides software solutions in tech sectors like machine learning and analytics. | 2015 | Chennai, Tamil Nadu, India | – | USD 2 M | – | |
Delivers cloud, AI, and data analytics solutions for business transformation. | 2004 | Pune, Maharashtra, India | – | USD 107.9 M | 871 | |
Provides data infrastructure, cloud solutions, and AI consulting for enterprises. | 2012 | Gurugram, Haryana, India | – | USD 3.14 M | 157 |
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Frequently Asked Questions about Avananta
Avananta was founded in 2017.
Avananta is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Avananta, Avananta Innovations Private Limited, reported revenue of ₹4.35 Cr for FY 2025, down 10% year on year.
Avananta is a company run by computer scientists from IIT with extensive experience in AI research at labs like Samsung and Microsoft. They deliver customized AI solutions to help businesses identify key AI applications, innovate processes, and achieve lasting competitive advantages. The firm works with large enterprise clients across multiple sectors, focusing on transforming operations through AI integration, though specific locations are not detailed.
Avananta's top competitors include SRI, ETRI and Allen Institute for Artificial Intelligence.
Avananta offers AI Solutions and AI Consulting.
Avananta operates through Avananta Innovations Private Limited.
The legal entities of Avananta currently have 3 directors, including Advait Nagesh Alai, Nagesh Ganesh Alai, Adhiraj Nagesh Alai.