Covestays Private Limited

Real estate company that develops, sells, and leases properties for residential and commercial use.

2018 | Bangaluru, Karnataka (India) | Active
Last Updated:

Covestays Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 6 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 91.19%
  • Profit Growth -14.07%
  • Ebitda 261.19%
  • Net Worth -24.60%
  • Total Assets 6.34%

About Covestays

Covestays Private Limited (CPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 December 2018 (Six years and three months 27 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Real Estate And Construction 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 1.00 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Sumanth Rao and Deepak Mohan serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U70100KA2018PTC119598

  • Company No.

    119598

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Dec 2018

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Real Estate and Construction
Company report

Covestays Private Limited

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

Who are the key members and board of directors at Covestays?

Board Members (2)

NameDesignationAppointment DateStatus
Deepak Mohan Country flag representing In Director 15-Oct-2019Current
Sumanth Rao Country flag representing In Director 18-Dec-2018Current

Financial Performance of Covestays.

Covestays Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 91.19% increase. The company also saw a substantial fall in profitability, with a 14.07% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.6%.

Covestays revenue growth over time
Covestays 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
91.19%
Revenue from Operations
91.33%
Total Assets
6.34%
Profit or Loss
-14.07%
Net Worth
-24.60%
EBITDA
261.19%

What is the Ownership and Shareholding Structure of Covestays?

In 2022, Covestays had a public holding of 1.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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 Covestays?

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

Employee growth trends for Covestays Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covestays, 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 Covestays'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 Covestays

Recent activity within the organization

  • Annual General Meeting

    Covestays Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Covestays Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Director Appointment

    Deepak Mohan was appointed as a Director was appointed as a Director on 15 Oct 2019 & has been associated with this company since 5 years 6 months .

  • Director Appointment

    Sumanth Raghavendra Rao was appointed as a Director was appointed as a Director on 18 Dec 2018 & has been associated with this company since 6 years 3 months .

  • Company Incorporation

    Covestays Private Limited was registered on 18 Dec 2018 with Roc Bangalore & aged 6 years 3 months as per MCA records.

Frequently asked questions

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

    Covestays Private Limited was incorporated on 18 Dec 2018.

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

    The authorized share capital of Covestays Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

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

    Currently 2 directors are associated with Covestays Private Limited.

    • Sumanth Raghavendra Rao
    • Deepak Mohan

  • What is the registered address of Covestays Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Covestays Private Limited is 3Rd Floor Raheja Plaza, Richmond Road Ashok Nagar India, Bangalore, Karnataka, 560025.

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

    The corporate identification number (CIN) of Covestays Private Limited is U70100KA2018PTC119598 and the company number is 119598 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Covestays Private Limited?

    The Official website of Covestays Private Limited is https://www.coveoffices.com

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Covestays Private Limited has risen by 91.19%.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Covestays Private Limited has experienced an downturn of -24.60%.

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

    The most recent Balance Sheet for Covestays Private Limited was filed with the ROC on 31 Mar 2024.

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