About AVARE
AVARE is a Technology company based in Pune (India) founded in 2017. It provides IoT platforms, products, and services for industrial applications worldwide. It operates on a SaaS and B2B model in Technology and Energy & Utilities sectors. The company has 20 employees. Its Indian entity Vervetronics Imagineering Private Limited reported revenue of ₹3.29 Cr. AVARE offers products and services including Cloud Software, Gateway, End Device, and Sensor. Its focus areas include Automotive, IoT, Embedded Systems and Functional Safety.
Company details
AVARE IOT is a platform delivering end-to-end IoT solutions, including sensors, gateways, and cloud software for industrial, automotive, and medical fields. It focuses on improving productivity, reducing maintenance, and optimizing energy through integrated products and customized services. Based in Pune, India, the company serves various industries by offering seamless integration and consulting support.
- Headquarters Pune, India
- Employees 20
- SectorsTechnologyEnergy & Utilities
- Email••••••••
- Website avareiot.com
- Social LinkedIn
- Legal Name Vervetronics Imagineering Pvt Ltd
- Date of Incorporation 31 Jul, 2014
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹3.29 Cr
FY 2024 · -27% YoY
- Net Profit₹18.7 Lakh
FY 2024 · 6% margin
- EBITDA₹31 Lakh
FY 2024 · 9% margin
- Employee Count20
Associated legal entities of AVARE
AVARE operates through Vervetronics Imagineering 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 |
|---|---|---|---|---|---|---|---|
| Vervetronics Imagineering Private Limited CIN U74900PN2014PTC152017 | Active | 31 Jul 2014 | Pune, Maharashtra | ₹3.3 Cr | 20 | 2 | View details |
Products & Services of AVARE
AVARE offers a comprehensive portfolio of products and services, including Cloud Software, Gateway, End Device, and Sensor.
Platform for managed cloud analytics and mobile apps
Device for interfacing wired and wireless networks
Battery-powered edge device with sensor support
Products for monitoring industrial parameters
Board of directors of Vervetronics Imagineering Private Limited (AVARE)
Vervetronics Imagineering Private Limited is the primary company behind AVARE. The board of Vervetronics Imagineering Private Limited currently have 2 directors; the longest-serving is Prashant Pandharihath Tajne, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Pandharihath Tajne DIN 06823504 | Director | 22 Feb 2016 | 10 yrs 8 mo | Vervetronics Imagineering Private Limited |
| Vrushali Prashant Tajne DIN 06896889 | Director | 12 Oct 2018 | 8 yrs | Vervetronics Imagineering Private Limited |
Financials of AVARE
Figures of Vervetronics Imagineering Private Limited, the primary company behind AVARE, for FY 2024. Revenue was ₹3.29 Cr (-27% year on year). Net profit was ₹18.7 Lakh (6% margin). EBITDA was ₹31 Lakh (9% margin). Revenue has grown at a compounded annual rate of +92% over three years and +29% over five years.
- ₹3.29 CrRevenue · FY 2024 · -27% YoY
- ₹18.7 LakhNet profit · 6% margin
- ₹31 LakhEBITDA · 9% margin
- ₹1 LakhPaid-up capital
- 20Employees (provident fund records)
- +92%Revenue CAGR, 3 years
- +29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vervetronics Imagineering Private Limited are on its company page.
Detailed financial statements for AVARE
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- Five-year trends
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Frequently Asked Questions about AVARE
AVARE was founded in 2017.
AVARE is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
AVARE has 20 employees.
The primary company behind AVARE, Vervetronics Imagineering Private Limited, reported revenue of ₹3.29 Cr for FY 2024, down 27% year on year.
AVARE IOT is a platform delivering end-to-end IoT solutions, including sensors, gateways, and cloud software for industrial, automotive, and medical fields. It focuses on improving productivity, reducing maintenance, and optimizing energy through integrated products and customized services. Based in Pune, India, the company serves various industries by offering seamless integration and consulting support.
AVARE offers Cloud Software, Gateway, End Device, and Sensor.
AVARE operates through Vervetronics Imagineering Private Limited.
The legal entities of AVARE currently have 2 directors, including Prashant Pandharihath Tajne, Vrushali Prashant Tajne.