Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.
Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.
Health scores for Avance covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.
- Blend of compliance (44), financial health (85), director (45) and company-foundation signals.
- Operating for 41+ years.
- Company status is Active as per MCA.
- Last balance sheet filed for Mar 2025 - slightly behind.
- Profitable in FY 2023.
- Positive net worth.
- 10 directors on the board.
- Director DEEPAK YALLAPPA MANE has DIN status "Deactivated".
About Avance Company identity, industry, contact, and registration details from MCA and company records.
Avance is a listed public limited company, first registered with ROC Mumbai I on 30 January 1985. The registered office is at 404, Corporate Annexe, Sonawala Road, Goregaon East, Maharashtra.
In its MCA filings the main business is listed as other information & communication service activities, which made up 100% of turnover.
It has ten directors: Shakila Ramjansha Makandar, Vijaysingh Purohit, Latesh Sukumar Kumar Poojary and 7 others. The longest-serving is Vasant Tukaram Bhoir, on the board since 2016; the most recent to join is Dipak Sambhaji Gaikwad, appointed in June 2026. Santosh Babarao Hambare is the managing director. The board changed around September 2017, when Anand Choudhary and Srinivas Rachakonda stepped down and new directors joined. Between them, the directors also sit on the boards of 12 other companies, including Avance Platforms Private Limited and Verticore Technologies Private Limited.
Authorised and paid-up capital are both ₹198 crore, so the full authorised amount has been issued. Its latest balance sheet on MCA is for the year ending 31 March 2025, and the last AGM was on 29 September 2025. One charge (secured loan) is still open, with Icici Bank Ltd. among the lenders, and two more have been paid off. Its shares trade on BSE (512149).
- Location 404, Corporate Annexe, Sonawala Road,, Goregaon East, Maharashtra - 400063
- Website avance.in
Current Directors of Avance (10) Current board members from MCA filings, including designation and appointment details.
Financial Performance of Avance Bands and Low / Medium / High trend shape. Exact figures unlock with your report.
Charges of Avance Open and satisfied charges registered against the company with MCA.
| Lender | Amount | Status |
|---|---|---|
|
Others
Creation Date: 31 Mar 2018 |
150.00 cr | Closed |
|
Asset Reconstruction Company (India) Limited
Creation Date: 13 Jun 2003 |
2.95 cr | Closed |
|
Icici Bank Ltd.
Creation Date: 26 Feb 1993 |
14.68 Lakh | Open |
Business Activity Principal business activity and turnover mix from MCA filings.
| Activity Group | Description | Turnover % |
|---|---|---|
| Information and communication | Other information & communication service activities | 100 |
Companies With Common Directors Of Avance Other companies that share directors with this entity, based on MCA and compliance network data.
Financial Ratios of Avance Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.
Profitability, leverage and liquidity ratios require an active report plan.
GST Compliance of Avance GST registrations and filing status by state. Full compliance detail unlocks with your report.
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
Credit Ratings, Litigation & Regulatory Alerts for Avance Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
MSME Payment Delays by Avance MSME supplier payment delays and filing history. Full amounts unlock with your report.
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
MCA Filings & Documents of Avance Official MCA forms, returns, and filing index. Document access unlocks with your report.
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
Who is the owner of Avance?
Who are the current board members and directors of Avance?
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Is Avance registered with any stock exchange in India?
Avance - is it listed or unlisted?
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Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.
