Covernest Insurance Web Aggregator Private Limited

Founded in 2016 and headquartered in Tamil Nadu, India.

2016 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated: January 05, 2025

Covernest Insurance Web Aggregator Profile

Key Indicators

  • Authorised Capital ₹ 4.50 M
  • Paid Up Capital ₹ 4.50 M
  • Company Age 8 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -26.40%
  • Profit Growth 24.99%
  • Ebitda 40.99%
  • Net Worth 3.29%
  • Total Assets 4.83%

About Covernest Insurance Web Aggregator

Covernest Insurance Web Aggregator Private Limited (CIWAPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 11 March 2016 (Eight years and 11 months 14 days old ). Its registered office is in Kanchipuram, Tamil Nadu, India.

The Company is engaged in the Internet 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 4.50 M and a paid-up capital of Rs 4.50 M, as per Ministry of Corporate Affairs (MCA) records.

Bhuvaneshwari Rajamani and Rajasekaran Gounder serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    covernest.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74900TN2016PTC104655

  • Company No.

    104655

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Mar 2016

  • Date of AGM

    11 Mar 2024

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Internet

Who are the key members and board of directors at Covernest Insurance Web Aggregator?

Executive Team (1)

NameDesignationAppointment DateStatus
Rajasekaran Gounder Country flag representing In Managing Director11-Mar-2016Current

Board Members (1)

NameDesignationAppointment DateStatus
Bhuvaneshwari Rajamani Country flag representing In Director 11-Mar-2016Current

Financial Performance of Covernest Insurance Web Aggregator.

Covernest Insurance Web Aggregator Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 26.4% decrease. The company also saw a substantial improvement in profitability, with a 24.99% increase in profit. The company's net worth moved up by a moderate rise of 3.29%.

Graph illustrating revenue growth over time
Graph showing 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
-26.40%
Revenue from Operations
-26.40%
Total Assets
4.83%
Profit or Loss
24.99%
Net Worth
3.29%
EBITDA
40.99%

What is the Ownership and Shareholding Structure of Covernest Insurance Web Aggregator?

Unlock access to Covernest Insurance Web Aggregator's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Covernest Insurance Web Aggregator?

Unlock and access historical data on people associated with Covernest Insurance Web Aggregator, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covernest Insurance Web Aggregator, 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 Covernest Insurance Web Aggregator'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

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Latest Updates, News, and FAQs on Covernest Insurance Web Aggregator

Recent activity within the organization

  • Annual General Meeting

    Covernest Insurance Web Aggregator Private Limited last Annual general meeting of members was held on 11 Mar 2024 as per latest MCA records.

    11 Mar 2024

  • Balance Sheet

    Covernest Insurance Web Aggregator Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Bhuvaneshwari Rajamani was appointed as a Director was appointed as a Director on 11 Mar 2016 & has been associated with this company since 8 years 11 months .

    11 Mar 2016

  • Director Appointment

    Rajasekaran R Gounder was appointed as a Managing Director was appointed as a Managing Director on 11 Mar 2016 & has been associated with this company since 8 years 11 months .

    11 Mar 2016

  • Company Incorporation

    Covernest Insurance Web Aggregator Private Limited was registered on 11 Mar 2016 with Roc Chennai & aged 8 years 11 months as per MCA records.

    11 Mar 2016

Frequently asked questions

  • Covernest Insurance Web Aggregator Private Limited was incorporated on 11 Mar 2016.

  • The authorized share capital of Covernest Insurance Web Aggregator Private Limited is ₹ 4.50 M and paid-up capital is ₹ 4.50 M.

  • Currently 2 directors are associated with Covernest Insurance Web Aggregator Private Limited.

    • Bhuvaneshwari Rajamani
    • Rajasekaran R Gounder
  • As per Ministry of Corporate Affairs (Mca), the registered address of Covernest Insurance Web Aggregator Private Limited is No.6/20, Bharathiar Street Vanuvampet India, Chennai, Tamil Nadu, 600091.

  • The corporate identification number (CIN) of Covernest Insurance Web Aggregator Private Limited is U74900TN2016PTC104655 and the company number is 104655 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Covernest Insurance Web Aggregator Private Limited is https://www.covernest.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Covernest Insurance Web Aggregator Private Limited has fallen by -26.40%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Covernest Insurance Web Aggregator Private Limited has experienced an upsurge of 3.29%.

  • The most recent Balance Sheet for Covernest Insurance Web Aggregator Private Limited was filed with the ROC on 31 Mar 2023.