Covalent Laboratories Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 6.00 Cr
- Company Age 22 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 449.23 Cr
- Satisfied Charges ₹ 279.50 Cr
- Revenue Growth 22.76%
- Profit Growth -28.06%
- Ebitda -25.66%
- Net Worth 13.89%
- Total Assets 13.96%
About Covalent Laboratories
Covalent Laboratories Private Limited (CLPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 September 2002 and has a history of 22 years and seven months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Pharma 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 20.00 Cr and a paid-up capital of Rs 6.00 Cr.
The company currently has active open charges totaling ₹449.23 Cr. The company has closed loans amounting to ₹279.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Narayana Mundla, Maddireddy Vijaykiran, Mundla Vishnu, and Three other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24230TG2002PTC039606
- Company No.
039606
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Sep 2002
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Pharma
Covalent Laboratories Private Limited
Explore comprehensive data for Covalent Laboratories Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Covalent Laboratories?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Madireddy Reddy  | Managing Director | 13-Sep-2002 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Maddireddy Vijaykiran | Whole-Time Director | 13-Sep-2002 | Current |
| Mundla Vishnu | Additional Director | 01-Oct-2024 | Current |
| Narayana Mundla | Director | 15-May-2003 | Current |
| Abhinav Nandigala | Whole-Time Director | 19-Oct-2023 | Current |
| Prasanth Nandigala | Director | 15-May-2003 | Current |
Financial Performance of Covalent Laboratories.
Covalent Laboratories Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.76% increase. The company also saw a substantial fall in profitability, with a 28.06% decrease in profit. The company's net worth Soared by an impressive increase of 13.89%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Covalent Laboratories?
In 2021, Covalent Laboratories had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Pokarna LimitedPrasanth Nandigala is a mutual person
Virchow Petrochemical Private LimitedNarayana Mundla, Mundla Vishnu and 1 more are mutual person
- Andhra Organics Limited
Narayana Mundla, Mundla Vishnu and 1 more are mutual person
- Virchow Laboratories Limited
Narayana Mundla, Mundla Vishnu and 1 more are mutual person
- Virchow Drugs Limited
Narayana Mundla and Prasanth Nandigala are mutual person
Virchow Biotech Private LimitedMundla Vishnu and Prasanth Nandigala are mutual person
Charges (Loans)
Open Charges
₹449.23 Cr
Satisfied Charges
₹279.50 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 196.23 Cr
- Others : 110.00 Cr
- Citi Bank N.A. : 80.00 Cr
- Hdfc Bank Limited : 63.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jun 2022 | Citi Bank N.A. | ₹30.00 Cr | Open |
| 20 Feb 2020 | Others | ₹50.00 Cr | Open |
| 04 Feb 2019 | Others | ₹60.00 Cr | Open |
| 28 Nov 2015 | Hdfc Bank Limited | ₹63.00 Cr | Open |
| 29 Mar 2014 | Citi Bank N.A. | ₹50.00 Cr | Open |
How Many Employees Work at Covalent Laboratories?
Covalent Laboratories has a workforce of 815 employees as of Apr 08, 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 Covalent Laboratories, 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 Covalent Laboratories'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.
Latest Updates, News, and FAQs on Covalent Laboratories
Recent activity within the organization
- Director Appointment
Mundla Maha Vishnu was appointed as a Additional Director was appointed as a Additional Director on 01 Oct 2024 & has been associated with this company since 6 months 14 days .
- Annual General Meeting
Covalent Laboratories Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Balance Sheet
Covalent Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge registered on 28 Jun 2018 via Charge ID 100202476 with Citi Bank N.A. was fully satisfied on 26 Oct 2023.
- Director Appointment
Abhinav Reddy Nandigala was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 19 Oct 2023 & has been associated with this company since 1 year 5 months .
- Charges
A charge with Citi Bank N.A. of Rs. 30.00 Cr registered on 18 Jun 2022 with Charge ID 100594634 was modified on 31 Jul 2023.
Frequently asked questions
What is the Incorporation or founding date of Covalent Laboratories Private Limited?
Covalent Laboratories Private Limited was incorporated on 13 Sep 2002.
What is authorized share capital and paid-up capital of Covalent Laboratories Private Limited?
The authorized share capital of Covalent Laboratories Private Limited is ₹ 20.00 Cr and paid-up capital is ₹ 6.00 Cr.
Who are the current board members & directors of Covalent Laboratories Private Limited?
Currently 6 directors are associated with Covalent Laboratories Private Limited.
- Narayana Reddy Mundla
- Maddireddy Vijaykiran
- Mundla Maha Vishnu
- Abhinav Reddy Nandigala
- Prasanth Nandigala
- Madireddy Narayana Reddy
What is the registered address of Covalent Laboratories Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Covalent Laboratories Private Limited is D.No.8-3-677/18 S.K.D.Nagar Yellareddyguda, India, Hyderabad., Telangana, 500073.
What is the corporate identification number (CIN) and company number of Covalent Laboratories Private Limited?
The corporate identification number (CIN) of Covalent Laboratories Private Limited is U24230TG2002PTC039606 and the company number is 039606 as per Ministry of Corporate Affairs (MCA).
What is the official website of Covalent Laboratories Private Limited?
The Official website of Covalent Laboratories Private Limited is https://www.covalentlab.com
What has been the recent revenue trend for Covalent Laboratories Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Covalent Laboratories Private Limited has risen by 22.76%.
How many employees does Covalent Laboratories Private Limited currently have?
As Per 2022 financial reports, 815 employees are currently employed by Covalent Laboratories Private Limited.
What change has been observed in the net worth of Covalent Laboratories Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Covalent Laboratories Private Limited has experienced an upsurge of 13.89%.
What are the total open charges for Covalent Laboratories Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Covalent Laboratories Private Limited amount to ₹ 449.23 Cr.
When was the last Balance Sheet of Covalent Laboratories Private Limited filed with the ROC?
The most recent Balance Sheet for Covalent Laboratories Private Limited was filed with the ROC on 31 Mar 2024.
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