About Modivcare Labs Private Limited
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Modivcare Labs Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Modivcare Solutions, Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022FTC158259. Its GSTIN is 29AAPCM4956M1ZH (Karnataka).
The company has an authorised share capital of ₹14.85 Cr and a paid-up capital of ₹7.42 Cr. It is led by directors including Kodukula Satyanarayana Sarma (Whole-Time Director) and Barbara Kay Gutierrez.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at K No 416/192/147/193 Bilekahalli Village Begur Hobli, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.39 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.93 Cr (net margin 9.3%) and EBITDA of ₹6.87 Cr (EBITDA margin 21.9%).
The company has about 108 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ModivCare.
For more details, the company can be reached via its website modivcare.com.
Company details
Contact details
Modivcare Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is modivcare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressK No 416/192/147/193 Bilekahalli Village Begur Hobli, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Modivcare Labs 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
Modivcare Labs operates one associated brand: ModivCare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Logistics and transportation services are provided by ModivCare. | modivcare.com |
Business activity
The main business activity of Modivcare Labs 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 Modivcare Labs Private Limited, buy the company report.
Financials of Modivcare Labs Private Limited
FY 2025 filings availableModivcare Labs Private Limited reported revenue of ₹31.39 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year. EBITDA fell 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹6.87 Cr | |||
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| Net Profit (PAT) | ₹2.93 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | ||||
| EBITDA Margin | 21.9% | |||
| Net Profit Margin | 9.3% | |||
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To see the full financial statements and ratios of Modivcare Labs Private Limited, buy the company report.
Board of directors of Modivcare Labs Private Limited
Modivcare Labs has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kodukula Satyanarayana Sarma | Whole-Time Director | 08 Dec 2022 | 3 Years 10 Months | Current |
| Barbara Kay Gutierrez | Director | 25 Apr 2024 | 2 Years 6 Months | Current |
| Rebecca Marie Orcutt | Additional Director | 13 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Modivcare Labs Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Ilink Systems Private Limited | ₹31.55 Cr (FY 2024) | -2.0% | Trichirapally, Tamil Nadu, India | |||
| Futuresoft Solutions Private Limited | ₹31.52 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Codvo Private Limited | ₹31.49 Cr (FY 2024) | 28.0% | Hyderabad, Telangana, India | |||
| Nextg Apex India Private Limited | ₹31.43 Cr (FY 2025) | 65.0% | Hyderabad, Telangana, India | |||
| K K Software Private Limited | ₹31.39 Cr (FY 2025) | 135.0% | Delhi, India | |||
| Modivcare Labs Private Limitedthis company | ₹31.39 Cr (FY 2025) | ₹2.93 Cr | 9.3% | -16.0% | 108 | Bangalore, Karnataka, India |
| Greenlight Technologies Private Limited | ₹31.38 Cr (FY 2024) | 8.0% | Bangalore, Karnataka, India | |||
| Vistaar Systems Private Limited | ₹31.34 Cr (FY 2025) | -19.0% | Mumbai, Maharashtra, India | |||
| Qos Technology Private Limited | ₹31.34 Cr (FY 2025) | 22.0% | Bangalore, Karnataka, India | |||
| Prospecta Software Solutions Private Limited | ₹31.33 Cr (FY 2024) | 15.0% | Gurgaon, Haryana, India | |||
| Paramatrix Technologies Limited | ₹31.33 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Modivcare Labs Private Limited, buy the company report.
Auditor
Modivcare Labs Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Modivcare Labs Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Modivcare Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Modivcare Labs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modivcare Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modivcare Labs Private Limited has a workforce of 108 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Modivcare Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM4956M1ZH | Karnataka | Active | 20 May 2022 |
To see the full GST registrations and return filing status of Modivcare Labs Private Limited, buy the company report.
Recent activity
Modivcare Labs Private Limited has 8 board changes on record since 2022: 3 appointments and 5 cessations. The latest: Rebecca Marie Orcutt was appointed as Additional Director on 13 Feb 2026.
News
Frequently asked questions
Modivcare Labs is an active foreign 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 23 February 2022 (4+ years old) and is registered under CIN U72900KA2022FTC158259.
Modivcare Labs has 3 current directors:
- Kodukula Satyanarayana Sarma - Whole-Time Director
- Barbara Kay Gutierrez - Director
- Rebecca Marie Orcutt - Additional Director
The latest financial statements of Modivcare Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Modivcare Labs is 29AAPCM4956M1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Modivcare Labs is U72900KA2022FTC158259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modivcare Labs was incorporated on 23 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Modivcare Labs by revenue are Ilink Systems Private Limited, Futuresoft Solutions Private Limited, Codvo Private Limited, Nextg Apex India Private Limited, K K Software Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Rebecca Marie Orcutt was appointed as Additional Director on 13 Feb 2026. Barbara Kay Gutierrez ceased to be Additional Director on 25 Sep 2024. Kesavan Haridas ceased to be Director on 27 Aug 2024. Modivcare Labs has 8 board changes on record in total.
Modivcare Labs can be reached through the website modivcare.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Modivcare Labs is at K No 416192147193 Bilekahalli Village Begur Hobli, Bangalore, Karnataka, India – 560078.
Modivcare Labs operates in the information technology industry, in the application development and software solutions segment.
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