About Coviam Technology and Services Private Limited
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Coviam Technology and Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC079686. Its GSTIN is 29AAFCC9883M1ZP (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.58 Cr. It is led by directors Nayan Ghanshyamsinh Jadeja and Deepak Nachnani Moolchand.
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 Coviam Technology And Services Private Limited 1076 11th Cross 24th Main Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹54,000, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.77 Lakh and EBITDA of -₹3.77 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 86% over five years.
The company has about 225 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Coviam. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021. Its 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Atozofai Technocrats Private Limited with revenue of ₹54,300.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coviam.com.
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- Website
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- Registered AddressCoviam Technology And Services Private Limited 1076 11th Cross 24th Main Hsr Layout, Bangalore, Karnataka, India – 560102
- 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 Coviam Technology and Services Private Limited
Coviam Technology and Services operates one associated brand: Coviam. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Creates custom digital platforms in IoT, eCommerce, supply chain, and logistics. | coviam.com |
Business Activity of Coviam Technology and Services Private Limited
The main business activity of Coviam Technology and 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 | 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 Coviam Technology and Services Private Limited FY 2024 filings available
Coviam Technology and Services Private Limited reported revenue of ₹54,000 (down 97% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Coviam Technology and Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 86% over five years, including a 97% fall in the latest year. EBITDA rose 98% 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 Coviam Technology and Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹3.77 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.77 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 Coviam Technology and Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Coviam Technology and Services are in the company report.
Financial statements from FY 2016
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 Coviam Technology and Services Private Limited
Coviam Technology and Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayan Ghanshyamsinh Jadeja Also directs: Peoplehum Technologies Private Limited, Avronia India Private Limited, Moviam Technologies Private Limited and 4 more | Director | 27 Jul 2018 | 8 Years 2 Months | Current |
| Deepak Nachnani Moolchand Also directs: Peoplehum Technologies Private Limited, Avronia India Private Limited, Moviam Technologies Private Limited and 4 more | Director | 27 Jul 2018 | 8 Years 2 Months | Current |
Peer Comparison of Coviam Technology and Services Private Limited
Coviam Technology and 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 |
|---|---|---|---|---|---|---|
| Atozofai Technocrats Private Limited | ₹54,300 (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Dreamster Software Technologies Private Limited | ₹54,281 (FY 2025) | •••• | •••• | -12.0% | •••• | Tripunithura, Kerala, India |
| Elliptia Systems Private Limited | ₹54,250 (FY 2025) | •••• | •••• | 24.0% | •••• | Palarivattom, Kerala, India |
| Ads 360 Network Private Limited | ₹54,170 (FY 2019) | •••• | •••• | -88.0% | •••• | Hyderabad, Telangana, India |
| Deccanbit Technologies Private Limited | ₹54,100 (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Coviam Technology and Services Private Limited this company | ₹54,000 (FY 2025) | •••• | •••• | -97.0% | •••• | Bangalore, Karnataka, India |
| Touch Print Technologies Private Limited | ₹54,000 (FY 2025) | •••• | •••• | -82.0% | •••• | Pune, Maharashtra, India |
| Vantedge IT Solutions Private Limited | ₹54,000 (FY 2025) | •••• | •••• | -100.0% | •••• | Bangalore, Karnataka, India |
| Fanthomtek Solutions Private Limited | ₹54,000 (FY 2021) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Aditi Kapur Consulting (OPC) Private Limited | ₹54,000 (FY 2017) | •••• | •••• | •••• | Delhi, India | |
| Chanakya Info Solution Private Limited | ₹54,000 (FY 2025) | •••• | •••• | -10.0% | •••• | Howrah, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Coviam Technology and 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 Coviam Technology and Services Private Limited
Coviam Technology and Services Private Limited is audited by MAHESH V AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH V AND 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.
Ownership and Shareholding of Coviam Technology and 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 Coviam Technology and Services Private Limited
Coviam Technology and Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Coviam Technology and Services Private Limited
Coviam Technology and Services Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Aug 2016 | Rights issue | ₹69 Lakh | Investors: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Coviam Technology and Services Private Limited
Coviam Technology and Services Private Limited has a workforce of 225 employees as of Apr 10, 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.
Group Structure of Coviam Technology and Services Private Limited
Coviam Technology and Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Avronia India Private Limited | U72900KA2016PTC132704 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Coviam Technology and Services Private Limited
Coviam Technology and Services Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Kaushalya Moolchand Nachnani ceased to be Director on 30 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Coviam Technology and 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 Coviam Technology and 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 Coviam Technology and 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 Coviam Technology and Services Private Limited
Coviam Technology and Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC9883M1ZP | Karnataka | 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 Coviam Technology and 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 Coviam Technology and Services Private Limited
Coviam Technology and Services is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 April 2015 (11+ years old) and is registered under CIN U72200KA2015PTC079686.
Coviam Technology and Services reported revenue of ₹54,000 for FY 2025 (down 97% YoY).
Coviam Technology and Services has 2 current directors:
- Nayan Ghanshyamsinh Jadeja - Director
- Deepak Nachnani Moolchand - Director
Coviam Technology and Services reported a net loss of ₹3.77 Lakh and EBITDA of -₹3.77 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Coviam Technology and Services is -67% over three years and -86% over five years. In the latest year (FY 2025) revenue fell 97%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Coviam Technology and Services is 29AAFCC9883M1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Coviam Technology and Services is U72200KA2015PTC079686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coviam Technology and Services was incorporated on 07 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Coviam Technology and Services has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
The peers of Coviam Technology and Services by revenue are Atozofai Technocrats Private Limited, Dreamster Software Technologies Private Limited, Elliptia Systems Private Limited, Ads 360 Network Private Limited, Deccanbit Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Kaushalya Moolchand Nachnani ceased to be Director on 30 Mar 2023. Deepak Nachnani Moolchand ceased to be Additional Director on 30 Sep 2018. Nayan Ghanshyamsinh Jadeja ceased to be Additional Director on 30 Sep 2018. Coviam Technology and Services has 7 board changes on record in total.