About Avendus
Avendus is a Financial Services company based in Mumbai (India) founded in 1999 by Ranu Vohra, Kaushal Aggarwal, and Gaurav Deepak, and was acquired by Mizuho Financial Group in December 2025. Corporate advisory and investment services are provided to clients. It operates on a Professional Services and Brokerage / Intermediation model. Avendus has raised $178.11 million across 5 funding rounds from investors including KKR, Mizuho Financial Group and Gaja Capital. The company has 207 employees. Avendus has completed 2 acquisitions, including Ocean Dial and Zodius. Avendus was last valued at $18.45 million in March 2008. Its chief executive, as recorded, is Ranu Vohra. Its website avendus.com draws about 77 thousand monthly visits. Its Indian entity Avendus Capital Private Limited reported revenue of ₹1,551 Cr. Avendus offers products and services including Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management. Its focus areas include Financials, Capital Markets and Investment Banking & Brokerage.
Company details
Avendus is established as a prominent financial services provider focused on high-performing entrepreneurs and pioneers of the new-age economy in India. Customized solutions are offered across asset management, credit solutions, investment banking, institutional equities, and wealth management. The firm operates in various sectors, delivering innovative capital solutions, high-quality advisory for mergers and acquisitions, and bespoke wealth protection strategies. Operations are supported by a global presence with offices in multiple countries, catering to institutional investors and ultra-high-net-worth individuals.
- Headquarters Mumbai, India
- Employees 207
- Founders Ranu Vohra, Kaushal Aggarwal, Gaurav Deepak
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website avendus.com/india
- Social LinkedIn X YouTube
- Acquired by Mizuho Financial Group (Jun 2025)
- Legal Name Avendus Capital Private Limited
- Date of Incorporation 29 Dec, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,551 Cr
FY 2025 · +53% YoY
- Net Profit₹226 Cr
FY 2025 · 15% margin
- EBITDA₹435 Cr
FY 2025 · 28% margin
- Total Equity Funding$178.11M (USD)
in 5 rounds
- Latest Funding Round$2.6M (USD), Series D
Jul 2018
- InvestorsKKR
& 12 more
- Employee Count207
- Investments & AcquisitionsOcean Dial
& 1 more
- Acquired by
Associated legal entities of Avendus
Avendus operates through Avendus Capital 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 |
|---|---|---|---|---|---|---|---|
| Avendus Capital Private Limited CIN U99999MH1999PTC123358 | Active | 29 Dec 1999 | Mumbai, Maharashtra | ₹1,551 Cr | 228 | 8 | View details |
Products & Services of Avendus
Avendus offers a comprehensive portfolio of products and services, including Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management.
Focused funds are managed for steady investment returns.
Innovative capital solutions are customized for client needs.
High-quality advisory services are provided for M&A deals.
Investment opportunities in India are facilitated for institutions.
Bespoke solutions are crafted for wealth growth protection.
Apps and channels of Avendus
its YouTube channel Avendus Group has 1.16K subscribers and 30 videos.
Videos from Avendus
The most watched videos on Avendus's YouTube channel, Avendus Group (1.16K subscribers). Click a video to play it here.
More on Avendus Group.
Funding Insights of Avendus
Avendus has successfully raised a total of $178.11M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $2.6 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $178.11M
- Total Rounds 5
- Last Round Series D — $2.6M
- First Round $195,587
(Jun 2006)
- Investors Count 11
All 5 funding rounds of Avendus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $2.6M | Series D | – | Zarksis Gotla | |
| Nov 2017 | $152M | Series D | – | Gaja Capital | |
| Jul 2008 | $23.31M | Series B | – | Eastgate Group | – |
| Mar 2008 | $30,669 | Unspecified | $18.45M | – | |
| Jun 2006 | $195,587 | Angel Round | – | Navin Chaddha | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2008 | $18.45M | •••••••• |
Last known valuation $18.45M (Mar 2008). 13 investors in total: 7 institutional and 6 angel.
Investors in Avendus
Avendus has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include KKR, Mizuho Financial Group and Gaja Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm partnering with entrepreneurs in India's domestic economy. | 2004 | gajacapital.com | Mumbai, India | |
Family investments are managed by this single family office. | yaipl.com | Mumbai, India | ||
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Eastgate Group is engaged in precise package decorating services. | eastgategroup.com | Lebanon, USA | ||
Financial and strategic services are provided to businesses and institutions. | 2000 | mizuhogroup.com | Chiyoda City, Japan | |
ZG Zarksis Gotla | unknown_ec93d82dc30440039 | |||
GM George Mitra | Angel investor and entrepreneur, co-founder of Fintrovert, focused on fintech startups | unknown_9e995e9306a847dd9 | ||
SS Swati Singh | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_e539e6cbb460442a8 | ||
DY Deepak Yachamaneni | unknown_569cf4b3444241fd8 |
Investor details for Avendus
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Board of directors of Avendus Capital Private Limited (Avendus)
Avendus Capital Private Limited is the primary company behind Avendus. The board of Avendus Capital Private Limited currently have 7 directors; the longest-serving is Kaushal Kumar Aggarwal, appointed in 1999. 26 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaushal Kumar Aggarwal DIN 00153487 | Director | 29 Dec 1999 | 26 yrs 10 mo | Avendus Capital Private Limited |
| Gaurav Deepak DIN 00153524 | Director | 29 Dec 1999 | 26 yrs 10 mo | Avendus Capital Private Limited |
| Ranu Vohra DIN 00153547 | Director | 29 Dec 1999 | 26 yrs 10 mo | Avendus Capital Private Limited |
| Gopal Jain DIN 00032308 | Nominee Director | 03 Nov 2017 | 9 yrs | Avendus Capital Private Limited |
| Simrun Mehta DIN 09118938 | Nominee Director | 24 Mar 2021 | 5 yrs 7 mo | Avendus Capital Private Limited |
| Akshay Tanna DIN 02967021 | Nominee Director | 30 Sep 2023 | 3 yrs 1 mo | Avendus Capital Private Limited |
| Suveer Kumar Sinha DIN 09708143 | Nominee Director | 24 Apr 2024 | 2 yrs 6 mo | Avendus Capital Private Limited |
People of Avendus
17 people are tracked at Avendus (13 in leadership, 4 in board & advisors); the tracked headcount is 207.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO & Managing Director | Leadership | |
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & CEO | Leadership | |
Anirban Banerjee | Chief Human Resources Officer | Leadership |
Rajeev P B | Executive Director | Leadership |
| Board of Director | Leadership | |
Pankaj Naik | Managing Director & Co-Head | Leadership |
Harikesh V | Executive Director | Leadership |
Swati Singh | Executive Director | Leadership |
Sapna Prabhakaran | Executive Director | Leadership |
Dhiren Mehta | Chief Risk Officer, Avendus Capital Pvt Ltd | Leadership |
Puneet Shivam | Managing Director, US & Co-Head, Enterprise Technology & Services | Leadership |
Sameer Kamath | Group CFO, Avendus Capital | Leadership |
| Nominee Director | Board & advisors | |
| Director | Board & advisors | |
Kate Richdale | Director | Board & advisors |
Arunkumar Gandhi | Non-Executive Director | Board & advisors |
Complete people profiles for Avendus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Avendus
Figures of Avendus Capital Private Limited, the primary company behind Avendus, for FY 2025. Revenue was ₹1,551 Cr (+53% year on year). Net profit was ₹226 Cr (15% margin). EBITDA was ₹435 Cr (28% margin). Revenue has grown at a compounded annual rate of +4% over three years and +22% over five years.
- ₹1,551 CrRevenue · FY 2025 · +53% YoY
- ₹226 CrNet profit · 15% margin
- ₹435 CrEBITDA · 28% margin
- ₹3.45 CrPaid-up capital
- 228Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avendus Capital Private Limited are on its company page.
Detailed financial statements for Avendus
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Avendus
Avendus has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ocean Dial and Zodius.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified investment management services are provided globally. | oceandial.com | London, United Kingdom | 2005 | Aug 2017 | •••• | |
VC firm investing in India | zodius.com | Mumbai, India | 2011 | Jun 2017 | •••• |
Complete acquisition details for Avendus
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Avendus
9 dated milestones of Avendus across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Avendus is founded.
- Funding First funding round of $196K.
- Milestone Reaches Minicorn status.
- Exit Acquired by KKR.
- Acquisition Acquires Zodius.
- Acquisition Acquires Ocean Dial.
- Funding Latest funding round, Series D, of $2.6M.
- Exit Acquired by Mizuho Financial Group.
- Exit Acquired by Mizuho Financial Group.
Web traffic of Avendus
The website of Avendus (avendus.com) receives about 76.6K visits a month and ranks #597,964 among all websites worldwide, #5,909 in Investing.
- Monthly visits76.6K
▲ 70.9% vs previous month
- Unique visitors22.7K
per month
- Global rank#597,964
among all websites
- Category rank#5,909
Finance · Investing
- Bounce rate53%
- Pages per visit3.2
- Average visit42 sec
- DevicesDesktop 60% · Mobile 40%
Websites whose visitors overlap most with Avendus. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| o3capital.com | 100% | 18.7K | #990,441 | View details | |
screener.in | screener.in | 87% | #1,968 | – | |
| 360.one | 82% | 72.4K | #389,845 | View details | |
| investmentbank.kotak.com | 82% | 90.5K | View details | ||
| quintedge.com | 78% | 142.9K | #308,635 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Avendus
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Top companies in Asset Management
3 companies that operate in the same segment as Avendus (Asset Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | ||||
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India |
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Related news about Avendus
Complete news archive for Avendus
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Articles about Avendus on our blog
Frequently Asked Questions about Avendus
Avendus was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Avendus is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ranu Vohra is the CEO of Avendus, as recorded in our data. They have also founded this company.
Avendus is a funded company, having raised a total of $178.11M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $195.59K, raised on Jun 2006.
Avendus has 207 employees.
The primary company behind Avendus, Avendus Capital Private Limited, reported revenue of ₹1,551 Cr for FY 2025, up 53% year on year.
Avendus is established as a prominent financial services provider focused on high-performing entrepreneurs and pioneers of the new-age economy in India. Customized solutions are offered across asset management, credit solutions, investment banking, institutional equities, and wealth management. The firm operates in various sectors, delivering innovative capital solutions, high-quality advisory for mergers and acquisitions, and bespoke wealth protection strategies. Operations are supported by a global presence with offices in multiple countries, catering to institutional investors and ultra-high-net-worth individuals.
Avendus offers Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management.
Avendus has made 2 acquisitions, including Ocean Dial, and Zodius.
Avendus has 13 investors. Key investors include KKR, Mizuho Financial Group, Gaja Capital, Zarksis Gotla, and Damavand Capital.
The valuation of Avendus is $18.45M as of Mar 2008.
Avendus operates through Avendus Capital Private Limited.