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About Avenues (India) Private Limited
Data last updated:
Avenues (India) Private Limited was a private limited company based in Gandhinagar, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the digital payment solutions segment of the financial services sector. It was incorporated on 01 February 2001.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2001PTC100083. Its GSTIN is 27AADCA2308K1ZV (Maharashtra).
The company had an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5.2 Cr. It was led by directors including Variniben Vishwaskumar Patel (Managing Director) and Vishwas Ambalal Patel (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 27th Floor Gift Two Tower Block No 56 Road 5C Zone 5 Gift City, Gandhinagar, Gujarat, India – 382355.
As per the financials filed for FY 2021, the company reported a revenue of ₹686.06 Cr, a growth of 6% compared to the previous year. Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 43% over five years.
Its group structure included 1 subsidiary.
The company was associated with 1 brand: CCAvenue. As per MCA filings, the company had satisfied charges of ₹3.46 Cr on record. Court records list 15 cases involving the company, including 14 filed by the company and 1 filed against it; 3 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹210.01 Cr; the latest was in July 2017.
The last known website on record is avenues.info.
Company details
CIN history
Avenues (India) has one previous CIN (Corporate Identification Number): U72200MH2001PTC130689. The current CIN is U72200GJ2001PTC100083, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200GJ2001PTC100083 | Current |
| U72200MH2001PTC130689 | Previous |
Contact details
Avenues (India) Private Limited's registered office is in Gandhinagar, Gujarat. Its website is avenues.info. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address27th Floor Gift Two Tower Block No 56 Road 5C Zone 5 Gift City, Gandhinagar, Gujarat, India – 382355
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Avenues (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Avenues (India) operates one associated brand: CCAvenue. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Merchant accounting, credit card processing, and payment gateway solutions for businesses | ccavenue.com |
Financials of Avenues (India) Private Limited
FY 2017 filings availableAvenues (India) Private Limited reported revenue of ₹686.06 Cr (up 6% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 6% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Avenues (India) Private Limited, buy the company report.
Board of directors of Avenues (India) Private Limited
Avenues (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malav Mehta Ajitbhai | Director | 01 Apr 2017 | 9 Years 7 Months | As last reported |
| Variniben Vishwaskumar Patel | Managing Director | 01 Feb 2001 | 25 Years 9 Months | As last reported |
| Vishwas Ambalal Patel Also directs: Avenues Seasons Properties LLP, Avenuesai Limited, Rediff. Com India Limited and 5 more | Managing Director | 01 Feb 2001 | 25 Years 9 Months | As last reported |
| Vishal Ajitbhai Mehta Also directs: Avenuesai Limited, Rediff. Com India Limited, Nueromind Technologies Private Limited and 5 more | Director | 01 Apr 2017 | 9 Years 7 Months | As last reported |
Auditor
Avenues (India) Private Limited is audited by S G C O & CO LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G C O & CO LLP | FY 2017 | 112081W |
Shareholding
The shareholding of Avenues (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avenues (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2012 | 10370927 | Kotak Mahindra Bank Limited | ₹3.46 Cr | Satisfied |
To see the full charge records of Avenues (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Avenues (India) Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹210.01 Cr; the latest was in July 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Acquisition | Undisclosed | Buyer: Avenuesai Limited |
| Feb 2017 | Funding round | ₹150.01 Cr | Investors: Nsi Infinium Global Limited |
| May 2016 | Funding round | ₹60 Cr | Investors: Nsi Infinium Global Limited |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avenues (India) Private Limited has 15 court cases on record: 14 filed by Avenues (India), 1 filed against it. 3 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 2 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Wooplr Technologies Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Wooplr Technologies Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Wooplr Technologies Pvt Ltd | Disposed |
| High Court, ANDHRAPRADESH | Revision petition | Filed against the company by individuals | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Avenues (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avenues (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avenues (India) has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avenues Infinite Private Limited | U74900MH2013PTC239708 |
To see the full group structure of Avenues (India) Private Limited, buy the company report.
GST
Avenues (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA2308K1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avenues (India) Private Limited, buy the company report.
Recent activity
Avenues (India) Private Limited has 8 board changes on record since 2001: 4 appointments and 4 cessations. The latest: Malav Mehta Ajitbhai ceased to be Additional Director on 28 Apr 2017.
1 earlier event is in the company report.
Frequently asked questions
Avenues (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Avenues (India) was a private limited company based in Gandhinagar, Gujarat, India. The company worked in digital payment solutions, within the financial services industry. It was incorporated on 01 February 2001 and is registered under CIN U72200GJ2001PTC100083. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Avenues (India) was incorporated on 01 February 2001. It is registered with the Registrar of Companies, Ahmedabad.
Avenues (India) had 4 directors:
- Variniben Vishwaskumar Patel - Managing Director
- Vishwas Ambalal Patel - Managing Director
- Malav Mehta Ajitbhai - Director
- Vishal Ajitbhai Mehta - Director
The CIN (Corporate Identification Number) of Avenues (India) is U72200GJ2001PTC100083. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Avenues (India) is at 27th Floor Gift Two Tower Block No 56 Road 5C Zone 5 Gift City, Gandhinagar, Gujarat, India – 382355.
Avenues (India) can be reached through the website avenues.info. Its registered office is in Gandhinagar, Gujarat, India.
The latest financial statements of Avenues (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Avenues (India) is 27AADCA2308K1ZV, registered in Maharashtra.
Avenues (India) operated in the financial services industry, in the digital payment solutions segment.
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