Fortune MNC 500 India 2026 edition
Rank#494- Total income
- ₹184 Cr
- Profit
- ₹27 Cr
Last year #482
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About Avnet
Avnet is a publicly listed company based in Phoenix (United States) founded in 1921. Electronic components and embedded technologies are distributed globally. The company has 14,870 employees. Avnet has completed 20 acquisitions, including Abacus Group, Avnet Services and Bell Microproducts. Its website avnet.com draws about 529 thousand monthly visits. Its Indian entity Avnet India Private Limited reported revenue of ₹323 Cr. Avnet offers products and services including Potatoes and Grain Marketing. Its focus areas include Semiconductors, Electronic Components and Distributors.
Company details
Avnet is a global distributor of electronic components, computer products, and embedded technology. Serving customers in more than 115 countries. Its branch Avnet technology solution is a global IT solution provider and distributes computing solutions for healthcare, education, and government. It serves customers and suppliers in North America, Latin America and the Caribbean, Asia Pacific, and Europe, Middle East and Africa. In 2022, the company recorded annual revenues of 26.36B and a net profit of 0.86B.
Avnet is ranked #494 on the Fortune MNC 500 India (2026).
Recognitions & Rankings of Avnet
Operational Areas
Key Metrics
- Indian entity revenue₹323 Cr
FY 2025 · +67% YoY
- Indian entity net profit₹28.05 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹40.53 Cr
FY 2025 · 13% margin
- Latest Funding Round$1.93M (USD), Post-IPO
Apr 2019
- Investors
- Employee Count14,870
- Investments & AcquisitionsAbacus Group
& 19 more
Associated legal entities of Avnet
Avnet operates through Avnet India 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 |
|---|---|---|---|---|---|---|---|
| Avnet India Private Limited CIN U31909KA1998PTC034391 | Active | 24 Aug 1998 | Bangalore, Karnataka | ₹323 Cr | 130 | 3 | View details |
Products & Services of Avnet
Avnet offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes
Agricultural Products
Potatoes are farmed and sold for food and industrial uses by the company.
Grain Marketing
Marketing Services
Grains are promoted and distributed from farms through these services.
Funding Insights of Avnet
- Total Rounds 1
- Last Round Post-IPO — $1.93M
- First Round $1.93M
(Apr 2019)
- Investors Count 1
All 1 funding rounds of Avnet 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 |
|---|---|---|---|---|---|
| Apr 2019 | $1.93M | Post-IPO | – | – |
Valuation history
1 investors in total: 1 institutional.
Investors in Avnet
Avnet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Cipher Capital.
All
Venture Fund
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cipher Capital is engaged in investment management using quantitative methods. | ciphercap.com |
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Investor details for Avnet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Avnet India Private Limited (Avnet)
Avnet India Private Limited is the primary company behind Avnet. The board of Avnet India Private Limited currently have 3 directors; the longest-serving is Anjana M Nair, appointed in 2018. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anjana M Nair DIN 06497764 | Director | 14 Feb 2018 | 8 yrs 8 mo | Avnet India Private Limited |
| Suresh Keshav Kamath DIN 09098688 | Director | 11 Mar 2021 | 5 yrs 7 mo | Avnet India Private Limited |
| Darrel Scott Jackson DIN 10387300 | Director | 16 Feb 2024 | 2 yrs 8 mo | Avnet India Private Limited |
People of Avnet
214 people are tracked at Avnet (74 in leadership, 9 in board & advisors, 131 in team); the tracked headcount is 14,870.
| Name | Role | Group |
|---|---|---|
Rose Kallevig | Executive Assistant To CEO | Leadership |
Teresa Wagstaff | Senior HR Director Farnell Global | Leadership |
Michael McCoy | General Counsel & Chief Legal Officer | Leadership |
Dayna Badhorn | Regional President, Americas Electronics Components | Leadership |
Jim Johnston | Vice President, IT - Global Infrastructure & Security | Leadership |
Verena Zierer | Learning & Development Partner EMEA | Leadership |
Alastair Worth | Iot Director EMEA | Leadership |
Willis Langford | Director, Global Talent Development, Learning And Inclusion | Leadership |
Gaby Robledo Rico | HR Business Partner | Leadership |
Ken Arnold | Chief People Officer | Leadership |
Phil Gallagher | CEO | Leadership |
Ken Jacobson | CFO | Leadership |
Allan Tiro | Vice President & Asst. General Counsel, Global Compliance & Legal Operations | Leadership |
Lisa Christiansen | Vp, HR & Global HRSC Compliance | Leadership |
Sam Mooney | Director IT Transformation | Leadership |
Neil Pickup | Finance Director (western Europe) | Leadership |
Tim Brotherton | Director, Digital Product Management | Leadership |
Andy Cyra | Vice President - Global Audit | Leadership |
Viren Ohol | Vice President, Global Total Rewards | Leadership |
Andrew Koh | Vice President It, Asia Pacific | Leadership |
194 more people are available in the full profile.
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Complete people profiles for Avnet
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IPO & Listings of Avnet
Avnet is a publicly listed company on the NASDAQ with ticker symbol AVT in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Jan 1978
- Listed onNYSE: AVT
- Listed entityAvnet, Inc.
- Exchange sectorDistribution services
- ISINUS0538071038
- Share price$99.60 (+2.52% on the day) · 2026-10-13
- Market capitalisation$8.19B
- Price to earnings25.0
- EPS (diluted, trailing year)$3.99
- Dividend yield1.43%
- Volume (last session)1,694,339
Financials of Avnet
Figures of Avnet India Private Limited, the primary company behind Avnet, for FY 2025. Revenue was ₹323 Cr (+67% year on year). Net profit was ₹28.05 Cr (9% margin). EBITDA was ₹40.53 Cr (13% margin). Revenue has grown at a compounded annual rate of +41% over three years and +26% over five years.
- ₹323 CrRevenue · FY 2025 · +67% YoY
- ₹28.05 CrNet profit · 9% margin
- ₹40.53 CrEBITDA · 13% margin
- ₹3.00 CrPaid-up capital
- 130Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +26%Revenue CAGR, 5 years
Exchange-reported annual figures
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2026 | $27.63B | $334.4M | $994.2M |
| 2025 | $22.20B | $240.2M | $747.8M |
| 2024 | $23.76B | $498.7M | $1.04B |
| 2023 | $26.54B | $770.8M | $1.36B |
| 2022 | $24.31B | $692.4M | $1.13B |
Balance sheet, profit and loss, cash flow and ratios of Avnet India Private Limited are on its company page.
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Detailed financial statements for Avnet
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 Avnet
Avnet has strategically engaged in corporate development activities, having acquired 20 companies. Notable acquisitions include Abacus Group, Avnet Services and Bell Microproducts.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Chip-to-cloud embedded software services are provided to multiple industries. | witekio.com | Lyon, France | 2001 | Sep 2019 | •••• | |
Application development services are provided to clients worldwide. | priyasoftwebsolutions.com | Ahmedabad, India | 2007 | Jan 2019 | •••• | |
Customized data and AI solutions are delivered for digital transformation. | softwebsolutions.com | Plano, United States | 2004 | Dec 2018 | •••• | |
A crowdfunding platform for hardware projects is operated. | dragoninnovation.com | Lexington, United States | 2006 | Aug 2017 | •••• | |
Social community platform for learning about hardware | hackster.io | San Francisco, United States | 2013 | Nov 2016 | •••• | |
Electronic components are distributed globally by Farnell to various industries. | farnell.com | Leeds, United Kingdom | 1939 | Jul 2016 | $1.1B | |
Event management services are provided across various sectors. | orchestra.de | Germany | 0 | Sep 2015 | •••• | |
Computer programming services are offered by Seamless Technologies association. | seamlessti.com | Morristown, United States | 1992 | Jun 2013 | •••• | |
Data communication equipment is distributed by RTI Holdings globally. | rti.com.hk | Kowloon, China | 1989 | Mar 2013 | •••• | |
Provider of software development and application lifecycle management services | genilogix.com | Pittsburgh, United States | 2001 | Nov 2012 | •••• |
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Complete acquisition details for Avnet
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Avnet
13 dated milestones of Avnet across 98 years, from founding to its latest funding, stage changes and deals.
- Founded Avnet is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Genilogix.
- Acquisition Acquires RTI Holdings.
- Acquisition Acquires Seamless Technologies.
- Acquisition Acquires Orchestra.de.
- Acquisition Acquires Farnell.
- Acquisition Acquires Hackster.io.
- Acquisition Acquires Dragon Innovation.
- Acquisition Acquires Softweb Solutions.
- Acquisition Acquires Priya Softweb Solutions.
- Funding First funding round of $1.9M.
- Acquisition Acquires Witekio.
Web traffic of Avnet
The website of Avnet (avnet.com) receives about 529.2K visits a month and ranks #114,080 among all websites worldwide, #1,005 in Consumer Electronics.
- Monthly visits529.2K
▲ 12.2% vs previous month
- Unique visitors146.9K
per month
- Global rank#114,080
among all websites
- Category rank#1,005
Computers Electronics and Technology · Consumer Electronics
Visitor engagement
- Bounce rate55%
- Pages per visit2.8
- Average visit2 min 49 sec
- DevicesDesktop 65% · Mobile 35%
Similar websites
Websites whose visitors overlap most with Avnet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| arrow.com | 100% | 1.2M | #42,721 | View details | |
ttiinc.com | ttiinc.com | 86% | #2,011,785 | – | |
| futureelectronics.com | 77% | 286.8K | #196,051 | View details | |
avnet-israel.co.il | avnet-israel.co.il | 73% | – | ||
eciaauthorized.com | eciaauthorized.com | 71% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 40 similar websites and full traffic analytics for Avnet
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Top companies in Electronic Manufacturing & Components
3 companies that operate in the same segment as Avnet (Electronic Manufacturing & Components) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
3M is recognized as a global leader in industrial innovation. | 1902 | United States | USD 24.95 B | 74 | ||
Communication equipment manufacturer | 1938 | Lisle, Illinois, United States | ||||
Mobile device management solutions are delivered to enterprises securely. | 2003 | Atlanta, Georgia, United States | USD 225 M | USD 11.12 M | 356 |
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Related news about Avnet
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Frequently Asked Questions about Avnet
Avnet was founded in 1921 and raised its 1st funding round 98 years after it was founded.
Avnet is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
Avnet has 14,870 employees.
The primary company behind Avnet, Avnet India Private Limited, reported revenue of ₹323 Cr for FY 2025, up 67% year on year.
Avnet is a global distributor of electronic components, computer products, and embedded technology. Serving customers in more than 115 countries. Its branch Avnet technology solution is a global IT solution provider and distributes computing solutions for healthcare, education, and government. It serves customers and suppliers in North America, Latin America and the Caribbean, Asia Pacific, and Europe, Middle East and Africa. In 2022, the company recorded annual revenues of 26.36B and a net profit of 0.86B.
Avnet offers Potatoes and Grain Marketing.
Yes, Avnet is publicly traded on NASDAQ under the ticker symbol AVT.
Avnet has made 20 acquisitions, including Abacus Group, Avnet Services, and Bell Microproducts.
Avnet has 1 investor. Key investors include Cipher Capital.
Avnet operates through Avnet India Private Limited.
The legal entities of Avnet currently have 3 directors, including Anjana M Nair, Suresh Keshav Kamath, Darrel Scott Jackson.
The website of Avnet receives about 529 thousand visits a month and ranks #114,080 among all websites worldwide.