About Covalience India Private Limited
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Covalience India Private Limited is a private limited company based in Mohali, Punjab, India, a subsidiary of Covalience, Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72100PB2009PTC032587. Its GSTIN is 03AADCG3815H1Z0 (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Gp Sourcing Private Limited and Covalience Private Limited. It is led by directors including Alfred Devarapalli Ramesh and Kevin Lee Sandahl.
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 4th Floor Sebiz Square C – 6 IT Park Sector 67, Mohali, Punjab, India – 160062.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.92 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.75 Cr (net margin 8%) and EBITDA of ₹2.88 Cr (EBITDA margin 13.1%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 30% over five years.
The company has about 113 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Covalience. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covalience.com.
Company details
Name history
Covalience India has undergone 2 name changes throughout its history. The company was previously known as Gp Sourcing Private Limited, and Covalience Private Limited. The current legal name is Covalience India Private Limited.
| Company Name | Status |
|---|---|
| Covalience India Private Limited | Current |
| Gp Sourcing Private Limited | Previous |
| Covalience Private Limited | Previous |
Contact details
Covalience India Private Limited's registered office is in Mohali, Punjab. Its website is covalience.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4th Floor Sebiz Square C – 6 IT Park Sector 67, Mohali, Punjab, India – 160062
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Covalience India Private Limited, buy the company report.
- 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
Brands
Covalience India operates one associated brand: Covalience. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive software development, system integration, and consulting services. | covalience.com |
Business activity
The main business activity of Covalience India 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 Covalience India Private Limited, buy the company report.
Financials of Covalience India Private Limited
FY 2025 filings availableCovalience India Private Limited reported revenue of ₹21.92 Cr (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 29% growth in the latest year. EBITDA rose 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.88 Cr | ||||
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| Net Profit (PAT) | ₹1.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 13.1% | ||||
| Net Profit Margin | 8% | ||||
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To see the full financial statements and ratios of Covalience India Private Limited, buy the company report.
Board of directors of Covalience India Private Limited
Covalience India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alfred Devarapalli Ramesh Also directs: Shanthipath Consultants Private Limited | Director | 30 Mar 2017 | 9 Years 7 Months | Current |
| Kevin Lee Sandahl | Director | 06 Feb 2009 | 17 Years 9 Months | Current |
| Jennifer Ruth Sandahl | Director | 30 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Covalience India Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Application Development), with 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 |
|---|---|---|---|---|---|---|
| Prototech Solutions and Services Private Limited | ₹22.09 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Costrategix Technologies Private Limited | ₹22.02 Cr (FY 2025) | -7.0% | Bangalore, Karnataka, India | |||
| Infoaxon Technologies (India) Private Limited | ₹21.98 Cr (FY 2025) | -26.0% | New Delhi, Delhi, India | |||
| Covalience India Private Limitedthis company | ₹21.92 Cr (FY 2024) | ₹1.75 Cr | 8% | 29.0% | 113 | Mohali, Punjab, India |
| Focaloid Technologies Private Limited | ₹21.88 Cr (FY 2024) | 14.0% | Kakkanad, Kerala, India | |||
| Feat Systems Private Limited | ₹21.64 Cr (FY 2024) | 31.0% | Thane, Maharashtra, India |
To see the full peer comparison of Covalience India Private Limited, buy the company report.
Auditor
Covalience India Private Limited is audited by KAPIL SANDEEP & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAPIL SANDEEP & ASSOCIATES | FY 2020 | 016244N |
Shareholding
The shareholding of Covalience India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Covalience India Private Limited, buy the company report.
Legal cases
Covalience India Private Limited has 1 court case on record: 1 filed by Covalience India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against The Regional Provident Fund Commissioner | Disposed |
To see the full case history of Covalience India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Covalience India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Covalience India Private Limited has a workforce of 113 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Covalience India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCG3815H1Z0 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Covalience India Private Limited, buy the company report.
Recent activity
Covalience India Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Kent Jay Lightner ceased to be Director on 14 Jul 2018.
Frequently asked questions
Covalience India is an active private limited company based in Mohali, Punjab, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 February 2009 (17+ years old) and is registered under CIN U72100PB2009PTC032587.
Covalience India has 3 current directors:
- Alfred Devarapalli Ramesh - Director
- Kevin Lee Sandahl - Director
- Jennifer Ruth Sandahl - Director
The latest financial statements of Covalience India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Covalience India is 03AADCG3815H1Z0, registered in Punjab.
The CIN (Corporate Identification Number) of Covalience India is U72100PB2009PTC032587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covalience India has 1 court case on record: 1 filed by the company.
Covalience India was incorporated on 06 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Covalience India by revenue are Prototech Solutions and Services Private Limited, Costrategix Technologies Private Limited, Infoaxon Technologies (India) Private Limited, Focaloid Technologies Private Limited, Feat Systems Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Kent Jay Lightner ceased to be Director on 14 Jul 2018. Alfred Devarapalli Ramesh ceased to be Additional Director on 15 Sep 2017. Alfred Devarapalli Ramesh was appointed as Director on 30 Mar 2017. Covalience India has 6 board changes on record in total.
Covalience India can be reached through the website covalience.com. Its registered office is in Mohali, Punjab, India.
The registered office of Covalience India is at 4th Floor Sebiz Square C – 6 IT Park Sector 67, Mohali, Punjab, India – 160062.
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