Covalense Technologies Private Limited

IT service and solutions company offering full-spectrum business and IT services globally.

2006 | Rangareddy, Telangana (India) | Active
Last Updated:

Covalense Technologies Profile

Key Indicators

  • Authorised Capital ₹ 5.50 Cr
  • Paid Up Capital ₹ 3.71 Cr
  • Company Age 19 Year, 30 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 17.25 Cr
  • Satisfied Charges ₹ 9.69 Cr
  • Revenue Growth 16.19%
  • Profit Growth -42.88%
  • Ebitda -66.89%
  • Net Worth 15.11%
  • Total Assets -2.30%

About Covalense Technologies

Covalense Technologies Private Limited (CTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 March 2006 and has a history of 19 years. Its registered office is in Rangareddy, Telangana, India.

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 2023. It's a company limited by shares with an authorized capital of Rs 5.50 Cr and a paid-up capital of Rs 3.71 Cr.

The company currently has active open charges totaling ₹17.25 Cr. The company has closed loans amounting to ₹9.69 Cr, as per Ministry of Corporate Affairs (MCA) records.

Venkata Peesapati and Krishna Peesapati serve as directors at the Company.

Company Details

  • Location

    Rangareddy, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200TG2006PTC049522

  • Company No.

    049522

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Mar 2006

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

What products or services does Covalense Technologies Private Limited offer?

Covalense Technologies Private Limited offers a wide range of products and services, including Software Development & IT Consultant, Software Development Services.

Company report

Covalense Technologies Private Limited

Explore comprehensive data for Covalense Technologies Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Covalense Technologies?

Executive Team (1)

NameDesignationAppointment DateStatus
Venkata Peesapati Country flag representing In Managing Director17-Mar-2006Current

Board Members (1)

NameDesignationAppointment DateStatus
Krishna Peesapati Country flag representing In Whole-Time Director 18-Aug-2006Current

Financial Performance of Covalense Technologies.

Covalense Technologies Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.19% increase. The company also saw a substantial fall in profitability, with a 42.88% decrease in profit. The company's net worth Soared by an impressive increase of 15.11%.

Covalense Technologies revenue growth over time
Covalense Technologies profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
16.19%
Revenue from Operations
12.04%
Total Assets
-2.30%
Profit or Loss
-42.88%
Net Worth
15.11%
EBITDA
-66.89%

What is the Ownership and Shareholding Structure of Covalense Technologies?

In 2022, Covalense Technologies had a promoter holding of 97.78% and a public holding of 2.22%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹17.25 Cr

Satisfied Charges

₹9.69 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 17.25 Cr

Latest Charge Details

DateLenderAmountStatus
28 Oct 2022Hdfc Bank Limited₹17.14 CrOpen
31 May 2022Hdfc Bank Limited₹1.08 MOpen
27 Apr 2017Others₹9.34 CrSatisfied
15 Jul 2011Citi Bank N.A.₹3.50 MSatisfied

How Many Employees Work at Covalense Technologies?

Covalense Technologies has a workforce of 384 employees as of Jul 06, 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.

Employee growth trends for Covalense Technologies Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covalense Technologies, 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 Technologies's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Covalense Technologies

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 17.14 Cr registered on 28 Oct 2022 with Charge ID 100651924 was modified on 06 Dec 2023.

  • Annual General Meeting

    Covalense Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Covalense Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Charges

    A charge registered on 27 Apr 2017 via Charge ID 100132238 with Others was fully satisfied on 15 Mar 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 17.14 Cr with Charge ID 100651924 was registered on 28 Oct 2022.

  • Charges

    A charge with Others of Rs. 9.34 Cr registered on 27 Apr 2017 with Charge ID 100132238 was modified on 11 Jul 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Covalense Technologies Private Limited?

    Covalense Technologies Private Limited was incorporated on 17 Mar 2006.

  • What is authorized share capital and paid-up capital of Covalense Technologies Private Limited?

    The authorized share capital of Covalense Technologies Private Limited is ₹ 5.50 Cr and paid-up capital is ₹ 3.71 Cr.

  • Who are the current board members & directors of Covalense Technologies Private Limited?

    Currently 2 directors are associated with Covalense Technologies Private Limited.

    • Venkata Satyanarayana Peesapati
    • Krishna Kumari Venkata Gopal Peesapati

  • What is the registered address of Covalense Technologies Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Covalense Technologies Private Limited is Unit A 5Th Floor Kapil Towers It Park Financial District Nanakramguda, Gachib Owli India, Hyderabad, Telangana, 500032.

  • What is the corporate identification number (CIN) and company number of Covalense Technologies Private Limited?

    The corporate identification number (CIN) of Covalense Technologies Private Limited is U72200TG2006PTC049522 and the company number is 049522 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Covalense Technologies Private Limited?

    The Official website of Covalense Technologies Private Limited is https://www.covalenseglobal.com

  • What has been the recent revenue trend for Covalense Technologies Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Covalense Technologies Private Limited has risen by 16.19%.

  • How many employees does Covalense Technologies Private Limited currently have?

    As Per 2023 financial reports, 384 employees are currently employed by Covalense Technologies Private Limited.

  • What change has been observed in the net worth of Covalense Technologies Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Covalense Technologies Private Limited has experienced an upsurge of 15.11%.

  • What are the total open charges for Covalense Technologies Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Covalense Technologies Private Limited amount to ₹ 17.25 Cr.

  • When was the last Balance Sheet of Covalense Technologies Private Limited filed with the ROC?

    The most recent Balance Sheet for Covalense Technologies Private Limited was filed with the ROC on 31 Mar 2023.

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