About Corent Technology Private Limited
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Corent Technology Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Corent Technology Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 November 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2000PTC046195. Its GSTIN is 33AAACE8422H1ZX (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Basha Syed Niamathullah and Syed Shafiullah Badsha.
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 Mcm Towers III Floor Super B3 Thiru VI Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.26 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.72 Cr (net margin 11.7%) and EBITDA of ₹4.04 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 17% over five years.
The company has about 158 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Corent Technology.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website corenttech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMcm Towers III Floor Super B3 Thiru VI Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Corent Technology Private Limited
Corent Technology operates one associated brand: Corent Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tool for migration of software applications to the cloud | corenttech.com |
Business Activity of Corent Technology Private Limited
The main business activity of Corent Technology 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 | J6 | 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 Corent Technology Private Limited FY 2024 filings available
Corent Technology Private Limited reported revenue of ₹23.26 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Corent Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 16% growth in the latest year. EBITDA rose 56% 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 Corent Technology 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 | ₹4.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.72 Cr | •••• | •••• | •••• | •••• |
| 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 Corent Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.7% | •••• | •••• | •••• | •••• |
| 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 Corent Technology 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.
Board of Directors of Corent Technology Private Limited
Corent Technology has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basha Syed Niamathullah | Director | 27 Nov 2000 | 25 Years 10 Months | Current |
| Syed Shafiullah Badsha | Director | 27 Nov 2000 | 25 Years 10 Months | Current |
| Syedazainub Naseem | Director | 27 Nov 2000 | 25 Years 10 Months | Current |
Peer Comparison of Corent Technology Private Limited
Corent Technology Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Globalvision Information Technologies Private Limited | ₹23.52 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| Abc Systems Private Limited | ₹23.42 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Benchmark IT Solutions India Private Limited | ₹23.35 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Pune, Maharashtra, India |
| Innoval Digital Solutions Private Limited | ₹23.34 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Extensible IT Solutions Private Limited | ₹23.3 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Jaipur, Rajasthan, India |
| Corent Technology Private Limited this company | ₹23.26 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Kody Technolab Limited | ₹23.23 Cr (FY 2024) | •••• | •••• | 109.0% | •••• | Ahmedabad, Gujarat, India |
| Ember Technologies Private Limited | ₹23.12 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Techsophy Information Solutions Private Limited | ₹23.12 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Systools Software Private Limited | ₹23.1 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| Aptean Software India Private Limited | ₹23.06 Cr (FY 2017) | •••• | •••• | -21.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Corent Technology by revenue in the Information Technology industry (Application Development), 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 Corent Technology Private Limited
Corent Technology Private Limited is audited by PRASAD AND SRINATH for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRASAD AND SRINATH | 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.
Ownership and Shareholding of Corent Technology 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 Corent Technology Private Limited
Corent Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Corent Technology Private Limited
Corent Technology Private Limited has a workforce of 158 employees as of Apr 02, 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 Corent Technology Private Limited
Corent Technology Private Limited has 3 board changes on record since 2000: 3 appointments. The latest: Basha Syed Niamathullah was appointed as Director on 27 Nov 2000.
Credit Ratings, Litigation & Regulatory Alerts for Corent Technology 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 Corent Technology 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 Corent Technology 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 Corent Technology Private Limited
Corent Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACE8422H1ZX | Tamil Nadu | Active | 28 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 Corent Technology 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.
Related news about Corent Technology Private Limited
Frequently Asked Questions about Corent Technology Private Limited
Corent Technology is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 November 2000 (26+ years old) and is registered under CIN U72900TN2000PTC046195.
Corent Technology reported revenue of ₹23.26 Cr for FY 2024 (up 16% YoY).
Corent Technology has 3 current directors:
- Basha Syed Niamathullah - Director
- Syed Shafiullah Badsha - Director
- Syedazainub Naseem - Director
Corent Technology reported a net profit of ₹2.72 Cr (net margin 11.7%) and EBITDA of ₹4.04 Cr (EBITDA margin 17.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Corent Technology is 21% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Corent Technology is 33AAACE8422H1ZX, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Corent Technology is U72900TN2000PTC046195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corent Technology was incorporated on 27 November 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Corent Technology by revenue are Globalvision Information Technologies Private Limited, Abc Systems Private Limited, Benchmark IT Solutions India Private Limited, Innoval Digital Solutions Private Limited, Extensible IT Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Basha Syed Niamathullah was appointed as Director on 27 Nov 2000. Syed Shafiullah Badsha was appointed as Director on 27 Nov 2000. Syedazainub Naseem was appointed as Director on 27 Nov 2000.
Corent Technology can be reached through the website corenttech.com. Its registered office is in Chennai, Tamil Nadu, India.