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Annual Revenue,rose 18.48%, in the last year to ₹173.96 Cr. Its sector's average revenue growth for the last fiscal year was 6.12%.Annual Net Profit,rose 8.61% in the last year to ₹5.3 Cr. Its sector's average net profit growth for the last fiscal year was 8.16%.Quarterly Revenue,rose 52.87% YoY to ₹50.44 Cr. Its sector's average revenue growth YoY for the quarter was 9.41%.Avance Technologies Limited, incorporated in 1985, operates in the technology services sector, focusing on reselling IT products and providing technological solutions. The company is headquartered in Mumbai, Maharashtra, with a registered office at Technocity IT Park, Navi Mumbai. It serves a broad customer base, both domestically and internationally. Over the years, Avance has achieved key milestones, including expanding its subsidiaries and solidifying its presence in the IT sector.
Avance Technologies operates in the reselling of IT products, leveraging partnerships with global IT suppliers to offer various products and services. The company has ventured into new markets and business verticals, such as establishing fully owned subsidiaries, including Avance Ventures Private Limited, Verticore Technologies Private Limited, and Avance Platforms Private Limited.
The company’s main business involves the resale of IT products, focusing primarily on providing services and technology solutions to a wide range of industries.
Avance Technologies is primarily involved in the reselling of IT products and providing technology solutions across various sectors.
The key people include Mr. Latesh Poojary (Chairman & Managing Director) and Mrs. Shakila Ramjansha Makandar (Independent Director), among others.
Avance Technologies saw a slight decline in standalone revenue but showed improvements in EBITDA and maintained a stable PAT. Consolidated revenue grew by 19%.
