About Karvy Next Limited
Data last updated:
Karvy Next Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Data Management Services Limited. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 04 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017PLC119880. The company has 14 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.01 Cr. It was formerly known as Karvy Tech Serve Limited and Karvy Inoventive Limited. It is led by directors including Mahesh Vijayagopal and Srinivas Penmetsa Varma.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Karvy Gateway Plot No. 38 39 Financial District Nanakramguda, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2020, the company reported a revenue of ₹80.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.05 Cr (net margin -3.8%) and EBITDA of -₹41.79 Lakh (EBITDA margin -0.5%).
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Karvy. Court records list 5 cases involving the company, including 5 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in January 2019. Its 10 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce) are compared by revenue, 5 larger and 5 smaller; the largest is Firki Wholesale Private Limited with revenue of ₹84.41 Cr. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 55 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvy.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressKarvy Gateway Plot No. 38 39 Financial District Nanakramguda, Hyderabad, Telangana, India – 500032
- IndustryE-Commerce, General E-Commerce Platforms
- 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
Business Activity of Karvy Next Limited
The main business activity of Karvy Next is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Karvy Next Limited FY 2020 filings available
Karvy Next Limited reported revenue of ₹80.39 Cr (up 584% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Karvy Next Limited
Revenue rose 584% in the latest year. EBITDA fell 358% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Karvy Next Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹80.39 Cr | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹41.79 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.05 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 Karvy Next Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.5% | •••• | •••• |
| Net Profit Margin | -3.8% | •••• | •••• |
| 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 Karvy Next are in the company report.
Financial statements from FY 2018
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 Karvy Next Limited
Karvy Next Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Firki Wholesale Private Limited | ₹84.41 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Teleone Consumers Product Private Limited | ₹84.15 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Delhi, India |
| Borderless Access Panels Private Limited | ₹83.97 Cr (FY 2017) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Keval Exports Private Limited | ₹83.79 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Vashi, Maharashtra, India |
| Areli Commerce Private Limited | ₹82.59 Cr (FY 2023) | •••• | •••• | 106.0% | •••• | Ahmedabad, Gujarat, India |
| Karvy Next Limited this company | ₹80.39 Cr (FY 2020) | •••• | •••• | 584.0% | •••• | Hyderabad, Telangana, India |
| Dynamic Beneficial Accord Marketing Private Limited | ₹79.92 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Gurgaon, Haryana, India |
| Trendsutra Client Services Private Limited | ₹79.74 Cr (FY 2021) | •••• | •••• | -14.0% | •••• | Thane, Maharashtra, India |
| Eclickstore Trading Private Limited | ₹79.14 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Mumbai, Maharashtra, India |
| Addon Holdings Private Limited | ₹77.92 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Epay Techno Solutions Private Limited | ₹76.68 Cr (FY 2025) | •••• | •••• | 947.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Karvy Next by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 Karvy Next Limited
Karvy Next Limited is audited by M/s Lalith Prasad and Co for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s Lalith Prasad and Co | 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 Karvy Next Limited
Karvy Next has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Vijayagopal Also directs: Karvy Broking (Ifsc) Limited, Karvy Financial Services Limited, Karvy Insurance Repository Limited and 4 more | Director | 04 Oct 2017 | 9 Years 0 Months | Current |
| Srinivas Penmetsa Varma Also directs: Karvy Insurance Repository Limited, Karvy Renewable Energy Projects Limited, Karvy Digikonnect Limited and 3 more | Additional Director | 19 Aug 2021 | 5 Years 1 Months | Current |
| Sridhar Gudimella Also directs: Karvy Digikonnect Limited, Heartlands Infrastructure Private Limited, Meteor Infrastructure & Projects Private Limited and 2 more | Additional Director | 13 Dec 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Karvy Next 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 Karvy Next Limited
Karvy Next Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Karvy Next Limited
Karvy Next Limited has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in January 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Funding round | ₹15 Cr | Investors: Karvy Data Management Services Limited |
Full deal history
All 1 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.
Legal Cases of Karvy Next Limited
Karvy Next Limited has 5 court cases on record: 5 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 3 | 0 |
| High courts | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chennai | Interim or miscellaneous application | Filed against the company by Novho Careers Private Limited | Disposed |
| NCLAT, Chennai | Insolvency matter | Filed against the company by Novho Careers Private Limited | Disposed |
| High Court for State of Telangana | Arbitration matter | Filed against the company by Sugs Lloyds Pvt Ltd | Disposed |
| District court, Kurukshetra, Haryana | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Karvy Next Limited
Karvy Next Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 55 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Kia Intelligent Network Global HR Services Private Limited | •••• | •••• | •••• |
| Multi Consulting Services | •••• | •••• | •••• |
| Magtronic Devices Pvt Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Karvy Next Limited
Karvy Next Limited has a workforce of 1 employees as of Apr 08, 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.
Name History of Karvy Next Limited
Karvy Next has undergone 2 name changes throughout its history. The company was previously known as Karvy Tech Serve Limited, and Karvy Inoventive Limited. The current legal name is Karvy Next Limited.
| Company Name | Status |
|---|---|
| Karvy Next Limited | Current |
| Karvy Tech Serve Limited | Previous |
| Karvy Inoventive Limited | Previous |
Recent Activity on Karvy Next Limited
Karvy Next Limited has 7 board changes on record since 2017: 3 appointments and 4 cessations. The latest: Murali Krishna Chakka ceased to be Director on 01 Jun 2022.
Credit Ratings, Litigation & Regulatory Alerts for Karvy Next 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.
Subsidiaries & Group Companies of Karvy Next 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 Karvy Next Limited
Karvy Next has 14 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Karvy Next 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 Karvy Next Limited
Frequently Asked Questions about Karvy Next Limited
Karvy Next is an active public limited company based in Hyderabad, Telangana, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 04 October 2017 (9+ years old) and is registered under CIN U72900TG2017PLC119880.
Karvy Next reported revenue of ₹80.39 Cr for FY 2020 (up 584% YoY).
Karvy Next has 3 current directors:
- Mahesh Vijayagopal - Director
- Srinivas Penmetsa Varma - Additional Director
- Sridhar Gudimella - Additional Director
Karvy Next reported a net loss of ₹3.05 Cr (net margin -3.8%) and EBITDA of -₹41.79 Lakh (EBITDA margin -0.5%) for FY 2020, as per its filed financial statements.
No. Karvy Next has 14 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karvy Next is U72900TG2017PLC119880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Next has 5 court cases on record: 5 filed against it. Most are in the nclat.
Karvy Next was incorporated on 04 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
Karvy Next has 1 deal on record (1 funding round), with disclosed funding of ₹15 Cr; the latest was in January 2019.
The peers of Karvy Next by revenue are Firki Wholesale Private Limited, Teleone Consumers Product Private Limited, Borderless Access Panels Private Limited, Keval Exports Private Limited, Areli Commerce Private Limited and 5 more, all in the Ecommerce and Internet industry (Broad Based Ecommerce).
Murali Krishna Chakka ceased to be Director on 01 Jun 2022. Sridhar Gudimella was appointed as Additional Director on 13 Dec 2021. Srinivas Penmetsa Varma was appointed as Additional Director on 19 Aug 2021. Karvy Next has 7 board changes on record in total.
Karvy Next has 2 MSME Form 1 returns on record between 2020 and 2021, listing 55 overdue payments to 8 micro and small suppliers. The latest return was filed on 13 May 2021.