About Coreit Services Private Limited
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Coreit Services Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Henagon Inc.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2012FTC232690. Its GSTIN is 27AAECC8982C1ZH (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹12.34 Lakh. It is led by directors including Parag Pampapati Nandimath and Shabbir Mazher Motiwala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Wakhariya & Wakhariya 810 Maker Chambers V 221 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.02 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹6.48 Lakh (net margin 1.6%) and EBITDA of ₹15.1 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 15% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Core IT.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coreitx.com.
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- Website
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- Registered AddressC/O Wakhariya & Wakhariya 810 Maker Chambers V 221 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, IT Consulting & Support Services
- 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 of Coreit Services Private Limited
The main business activity of Coreit Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Coreit Services Private Limited FY 2025 filings available
Coreit Services Private Limited reported revenue of ₹4.02 Cr (up 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Coreit Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 49% growth in the latest year. EBITDA rose 206% 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 of Coreit Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.48 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Coreit Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Coreit Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Coreit Services Private Limited
Coreit Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allps Digital Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Zykrr Technologies Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Gurugram, Haryana, India |
| Onespire Technologies Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | Mysore, Karnataka, India |
| Sennovate Infotech (India) Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Salem, Tamil Nadu, India |
| Nine Triangles Digital Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | New Delhi, Delhi, India |
| Coreit Services Private Limited this company | ₹4.02 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Mumbai, Maharashtra, India |
| Splendornet Technologies Private Limited | ₹4.02 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Yuktamedia India Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Rawdata Technologies Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Kochi, Kerala, India |
| Revdau Industries Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Navi Mumbai, Maharashtra, India |
| Jayeesha Software Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Nellore, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Coreit Services by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Coreit Services Private Limited
Coreit Services Private Limited is audited by SHAH DEDHIA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAH DEDHIA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Coreit Services Private Limited
Coreit Services has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Pampapati Nandimath Also directs: Matrixnodes Technologies Private Limited | Director | 12 Nov 2018 | 7 Years 10 Months | Current |
| Shabbir Mazher Motiwala | Director | 11 Dec 2012 | 13 Years 9 Months | Current |
| Hasan Saifee | Director | 08 Jun 2022 | 4 Years 4 Months | Current |
| Aliasgar Mohammed Dhoon | Director | 19 Jul 2012 | 14 Years 2 Months | Current |
Ownership and Shareholding of Coreit Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Coreit Services Private Limited
Coreit Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Coreit Services Private Limited
Coreit Services operates one associated brand: Core IT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of IT service suite solutions | coreitx.com |
Employees and EPFO Compliance at Coreit Services Private Limited
Coreit Services Private Limited has a workforce of 33 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Coreit Services Private Limited
Coreit Services Private Limited has 10 board changes on record since 2012: 4 appointments and 6 cessations. The latest: Hasan Saifee ceased to be Additional Director on 30 Sep 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Coreit Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Coreit Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Coreit Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Coreit Services Private Limited
Coreit Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC8982C1ZH | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Coreit Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Coreit Services Private Limited
Coreit Services is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 June 2012 (14+ years old) and is registered under CIN U74120MH2012FTC232690.
Coreit Services reported revenue of ₹4.02 Cr for FY 2024 (up 49% YoY).
Coreit Services has 4 current directors:
- Parag Pampapati Nandimath - Director
- Shabbir Mazher Motiwala - Director
- Hasan Saifee - Director
- Aliasgar Mohammed Dhoon - Director
Coreit Services reported a net profit of ₹6.48 Lakh (net margin 1.6%) and EBITDA of ₹15.1 Lakh (EBITDA margin 3.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Coreit Services is 48% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Coreit Services is 27AAECC8982C1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Coreit Services is U74120MH2012FTC232690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coreit Services was incorporated on 28 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Coreit Services by revenue are Allps Digital Private Limited, Zykrr Technologies Private Limited, Onespire Technologies Private Limited, Sennovate Infotech (India) Private Limited, Nine Triangles Digital Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Hasan Saifee ceased to be Additional Director on 30 Sep 2022. Hasan Saifee was appointed as Director on 08 Jun 2022. Parag Pampapati Nandimath ceased to be Additional Director on 24 Sep 2019. Coreit Services has 10 board changes on record in total.
Coreit Services can be reached through the website coreitx.com. Its registered office is in Mumbai, Maharashtra, India.