Covalense Digital Solutions Profile
Key Indicators
- Authorised Capital ₹ 28.55 Cr
as on 16-11-2024
- Paid Up Capital ₹ 27.62 Cr
as on 16-11-2024
- Company Age 6 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 25.14 Cr
as on 16-11-2024
- Satisfied Charges ₹ 10.50 Cr
as on 16-11-2024
- Revenue 38.34%
(FY 2023)
- Profit 66.69%
(FY 2023)
- Ebitda -45.94%
(FY 2023)
- Net Worth 132.02%
(FY 2023)
- Total Assets 79.50%
(FY 2023)
About Covalense Digital Solutions
The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 28.55 Cr and a paid-up capital of Rs 27.62 Cr.
The company currently has active open charges totaling ₹25.14 Cr. The company has closed loans amounting to ₹10.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Covalense Digital Solutions Private Limited India are Sadananda Hitesh as COMPANY SECRETARY and Srinivas Anumanchipalli as Cfo. Debraj Banerjee, Sreenivas Peesapati, and Arunashree Anjana serve as directors at the Company.
- CIN/LLPIN
U72900KA2018PTC170059
- Company No.
122880
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Mar 2018
- Date of AGM
23 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Covalense Digital Solutions?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivas Anumanchipalli  | CFO | 14-Aug-2022 | Current |
| Sadananda Hitesh | Company Secretary | 01-Jul-2024 | Current |
| Sreenivas Peesapati | Managing Director | 12-Mar-2018 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Debraj Banerjee | Nominee Director | 28-Apr-2023 | Current |
| Arunashree Anjana | Whole-Time Director | 12-Mar-2018 | Current |
Financial Performance of Covalense Digital Solutions.
Covalense Digital Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.34% increase. The company also saw a substantial improvement in profitability, with a 66.69% increase in profit. The company's net worth Soared by an impressive increase of 132.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Covalense Digital Solutions?
In 2023, Covalense Digital Solutions had a promoter holding of 57.54% and a public holding of 42.46%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Chrysalisgold Technologies Private LimitedActive 6 years 3 monthsSreenivas Peesapati and Arunashree Anjana are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 30 Aug 2024 | ₹2.22 M | Open |
Hdfc Bank Limited Creation Date: 31 Dec 2023 | ₹1.13 Cr | Open |
Hdfc Bank Limited Creation Date: 29 Dec 2023 | ₹7.50 M | Open |
How Many Employees Work at Covalense Digital Solutions?
Covalense Digital Solutions has a workforce of 546 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Covalense Digital Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Covalense Digital Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
