About Avant Finwise
Avant Finwise is a Business Services company based in Mumbai (India) founded in 2016. Financial services focused on priority sector lending, recovery, and consultative support. It operates in the Business Services and Financial Services sectors. The company has 42 employees. Its Indian entity Avant Finwise Private Limited reported revenue of ₹1.46 Cr. Avant Finwise offers products and services including Recovery Call Centre and Business Sourcing. Its focus areas include Consulting, Recovery Services, Debt Recovery and Banking and Lending.
Company details
Avant Finwise is established as a platform for priority sector lending, founded by professionals with over 100 years of combined experience in the field. It is designed to build high-quality lending portfolios for banks and NBFCs while addressing borrowers household needs beyond asset-backed loans. Services such as recovery call centers, business sourcing for various finances, and customized resolutions for fintechs and startups are provided. The company is based in Mumbai and is positioned to set up a Non-Banking Finance Company for enhanced funding access, ensuring comprehensive support for lenders and borrowers alike. This approach is intended to bridge gaps in financial services.
- Headquarters Mumbai, India
- Employees 42
- SectorsBusiness ServicesFinancial Services
- Email••••••••
- Phone•••• ••••
- Legal Name Avant Finwise Pvt Ltd
- Date of Incorporation 03 May, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.46 Cr
FY 2024 · -26% YoY
- Net Loss-₹1.02 Cr
FY 2024 · -70% margin
- EBITDA-₹96.4 Lakh
FY 2024 · -66% margin
- Employee Count42
Associated legal entities of Avant Finwise
Avant Finwise operates through Avant Finwise Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avant Finwise Private Limited CIN U67100MH2016PTC280618 | Active | 03 May 2016 | Mumbai, Maharashtra | ₹1.5 Cr | 42 | 4 | View details |
Products & Services of Avant Finwise
Avant Finwise offers a comprehensive portfolio of products and services, including Recovery Call Centre and Business Sourcing.
Recovery calls are handled by dedicated agents who are trained specifically for this purpose.
Business sourcing is conducted for commercial vehicles, construction equipment, mortgages, SME finance, and business loans.
Board of directors of Avant Finwise Private Limited (Avant Finwise)
Avant Finwise Private Limited is the primary company behind Avant Finwise. The board of Avant Finwise Private Limited currently have 4 directors; the longest-serving is Ajit Kolengat Kumar, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajit Kolengat Kumar DIN 07441477 | Director | 03 May 2016 | 10 yrs 5 mo | Avant Finwise Private Limited |
| Anoop Gairola DIN 07441492 | Director | 03 May 2016 | 10 yrs 5 mo | Avant Finwise Private Limited |
| Anuj Kuthiala DIN 07959655 | Additional Director | 30 May 2019 | 7 yrs 5 mo | Avant Finwise Private Limited |
| Vikas Radheshyam Singh DIN 03404367 | Director | 09 Jan 2024 | 2 yrs 9 mo | Avant Finwise Private Limited |
Financials of Avant Finwise
Figures of Avant Finwise Private Limited, the primary company behind Avant Finwise, for FY 2024. Revenue was ₹1.46 Cr (-26% year on year). Net loss was -₹1.02 Cr (-70% margin). EBITDA was -₹96.4 Lakh (-66% margin). Revenue has grown at a compounded annual rate of +6% over three years and +162% over five years.
- ₹1.46 CrRevenue · FY 2024 · -26% YoY
- -₹1.02 CrNet loss · -70% margin
- -₹96.4 LakhEBITDA · -66% margin
- ₹8.5 LakhPaid-up capital
- 42Employees (provident fund records)
- +6%Revenue CAGR, 3 years
- +162%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avant Finwise Private Limited are on its company page.
Detailed financial statements for Avant Finwise
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Frequently Asked Questions about Avant Finwise
Avant Finwise was founded in 2016.
Avant Finwise is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Avant Finwise has 42 employees.
The primary company behind Avant Finwise, Avant Finwise Private Limited, reported revenue of ₹1.46 Cr for FY 2024, down 26% year on year.
Avant Finwise is established as a platform for priority sector lending, founded by professionals with over 100 years of combined experience in the field. It is designed to build high-quality lending portfolios for banks and NBFCs while addressing borrowers household needs beyond asset-backed loans. Services such as recovery call centers, business sourcing for various finances, and customized resolutions for fintechs and startups are provided. The company is based in Mumbai and is positioned to set up a Non-Banking Finance Company for enhanced funding access, ensuring comprehensive support for lenders and borrowers alike. This approach is intended to bridge gaps in financial services.
Avant Finwise offers Recovery Call Centre and Business Sourcing.
Avant Finwise operates through Avant Finwise Private Limited.
The legal entities of Avant Finwise currently have 4 directors, including Vikas Radheshyam Singh, Anuj Kuthiala, Ajit Kolengat Kumar and others.