Startup India Government of India
Codeeverest Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.65 Lakh
▼ 87% YoY
Net loss · FY 2023
₹1.4 Lakh
Net margin -52.8%
EBITDA · FY 2023
-₹1.11 Lakh
EBITDA margin -42%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹8.43 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Codeeverest Private Limited
Data last updated:
Codeeverest Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 20 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC107336. Its GSTIN is 29AAHCC2485P1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.43 Lakh. It is led by directors Koyappakovilakath Safeer Usman Mohammed and Chapala Nandan Kumar Reddy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor P.V.R Complex 80 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.65 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Lakh (net margin -52.8%) and EBITDA of -₹1.11 Lakh (EBITDA margin -42%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website facex.io.
Company details
CIN U72900KA2017PTC107336
Registration Number 107336
Incorporation Date 20 October 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Codeeverest
Contact details
Codeeverest Private Limited's registered office is in Bangalore, Karnataka. Its website is facex.io. Its e-mail address is in the company report.
- Email
- Website
- Registered Address2nd Floor P.V.R Complex 80 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Codeeverest Private Limited, buy the company report.
Comprehensive company report
Codeeverest Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Codeeverest is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Codeeverest Private Limited, buy the company report.
Financials of Codeeverest Private Limited
FY 2024 filings availableCodeeverest Private Limited reported revenue of ₹2.65 Lakh (down 87% YoY) for FY 2023.
Revenue · FY 2023
₹2.65 Lakh ▼ 87%
Net loss · FY 2023
₹1.4 Lakh margin -52.8%
EBITDA · FY 2023
-₹1.11 Lakh margin -42%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 62%
EBITDA CAGR growth
1 year
▲ 91%
3 years · compounded
▲ 19%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 62% over three years, including a 87% fall in the latest year. EBITDA rose 91% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.11 Lakh | ||||
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| Net Profit (PAT) | -₹1.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -42% | ||||
| Net Profit Margin | -52.8% | ||||
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To see the full financial statements and ratios of Codeeverest Private Limited, buy the company report.
Board of directors of Codeeverest Private Limited
Codeeverest has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koyappakovilakath Safeer Usman Mohammed Also directs: Tetherbox Technologies LLP | Director | 20 Oct 2017 | 9 Years 0 Months | Current |
| Chapala Nandan Kumar Reddy | Director | 20 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Codeeverest Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sygmetiv Private Limited | ₹2.66 Lakh (FY 2023) | Chavakkad, Kerala, India | ||||
| Alpha Systems Private Limited | ₹2.65 Lakh (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Skyzone Technohub Private Limited | ₹2.65 Lakh (FY 2021) | Ahmedabad, Gujarat, India | ||||
| Ezecta Infotech Private Limited | ₹2.65 Lakh (FY 2025) | Jaipur, Rajasthan, India | ||||
| Codeeverest Private Limitedthis company | ₹2.65 Lakh (FY 2023) | -₹1.4 Lakh | -52.8% | -87.0% | Bangalore, Karnataka, India | |
| Desizno Solutions Private Limited | ₹2.65 Lakh (FY 2025) | -41.0% | Delhi, India | |||
| Lead2data Private Limited | ₹2.64 Lakh (FY 2018) | Pune, Maharashtra, India | ||||
| MSMP Technologies Private Limited | ₹2.64 Lakh (FY 2025) | 675.0% | Lucknow, Uttar Pradesh, India | |||
| Zelus Business Solutions Private Limited | ₹2.64 Lakh (FY 2025) | 293177.0% | Bangalore, Karnataka, India | |||
| Indus Game Studio Private Limited | ₹2.64 Lakh (FY 2020) | -44.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Codeeverest Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Codeeverest Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Codeeverest Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Codeeverest Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Codeeverest has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC2485P1ZX | Karnataka | Active | 25 Mar 2019 |
To see the full GST registrations and return filing status of Codeeverest Private Limited, buy the company report.
Recent activity
Codeeverest Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Chapala Nandan Kumar Reddy was appointed as Director on 20 Oct 2017.
AGM
Codeeverest Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Codeeverest Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Chapala Nandan Kumar Reddy was appointed as Director.
Appointed
Koyappakovilakath Safeer Usman Mohammed was appointed as Director.
Incorporation
20 Oct 2017
Codeeverest Private Limited was registered on 20 Oct 2017 with Roc Bangalore & aged 9 years 8 days as per MCA records.
Frequently asked questions
Codeeverest is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 20 October 2017 (9+ years old) and is registered under CIN U72900KA2017PTC107336.
Codeeverest has 2 current directors:
- Koyappakovilakath Safeer Usman Mohammed - Director
- Chapala Nandan Kumar Reddy - Director
The latest financial statements of Codeeverest on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Codeeverest is 29AAHCC2485P1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Codeeverest is U72900KA2017PTC107336. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Codeeverest was incorporated on 20 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Codeeverest by revenue are Sygmetiv Private Limited, Alpha Systems Private Limited, Skyzone Technohub Private Limited, Ezecta Infotech Private Limited, Desizno Solutions Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Chapala Nandan Kumar Reddy was appointed as Director on 20 Oct 2017. Koyappakovilakath Safeer Usman Mohammed was appointed as Director on 20 Oct 2017.
Yes, Codeeverest is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Codeeverest can be reached through the website facex.io. Its registered office is in Bangalore, Karnataka, India.
The registered office of Codeeverest is at 2nd Floor P.V.R Complex 80 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038.