Startup India Government of India
Ovid Technologies Private Limited - information technology in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹17.65 Lakh
▼ 22% YoY
Net loss · FY 2023
₹2.77 Lakh
Net margin -15.7%
EBITDA · FY 2023
₹1.54 Lakh
EBITDA margin 8.7%
Authorised capital
₹9 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Ovid Technologies Private Limited
Data last updated:
Ovid Technologies Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 13 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74993AP2018PTC108625. Its GSTIN is 37AACCO7283N1ZR (Andhra Pradesh).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pradeep Jyothi Kollipara and Sujana Kalahasthi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Dr.No.31 – 17 – 20 1st Lane Satavahana Nagar Kurmannapalem Vadlapdudi Post, Visakhapatnam, Andhra Pradesh, India – 530046.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.65 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹2.77 Lakh (net margin -15.7%) and EBITDA of ₹1.54 Lakh (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years.
The company is associated with 1 brand: Ovid Technologies.
For more details, the company can be reached via its website ovid.in.
Company Details of Ovid Technologies Private Limited
CIN U74993AP2018PTC108625
Registration Number 108625
Incorporation Date 13 June 2018
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Ovid Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressDr.No.31 – 17 – 20 1st Lane Satavahana Nagar Kurmannapalem Vadlapdudi Post, Visakhapatnam, Andhra Pradesh, India – 530046
- IndustryInformation Technology, Software Development & Support Services
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Associated Brands with Ovid Technologies Private Limited
Ovid Technologies operates one associated brand: Ovid Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides application development services focused on custom software solutions. | ovid.in |
Business Activity of Ovid Technologies Private Limited
The main business activity of Ovid Technologies 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Ovid Technologies Private Limited FY 2023 filings available
Ovid Technologies Private Limited reported revenue of ₹17.65 Lakh (down 22% YoY) for FY 2023.
Revenue · FY 2023
₹17.65 Lakh ▼ 22%
Net loss · FY 2023
₹2.77 Lakh margin -15.7%
EBITDA · FY 2023
₹1.54 Lakh margin 8.7%
Compounded Annual Growth Rate (CAGR) of Ovid Technologies Private Limited
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▲ 41%
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 59% 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 Ovid Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹1.54 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.77 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 Ovid Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15.7% | •••• | •••• | •••• | •••• |
| 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 Ovid Technologies are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Board of Directors of Ovid Technologies Private Limited
Ovid Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Jyothi Kollipara | Director | 13 Jun 2018 | 8 Years 4 Months | Current |
| Sujana Kalahasthi | Director | 13 Jun 2018 | 8 Years 4 Months | Current |
Peer Comparison of Ovid Technologies Private Limited
Ovid Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Level Next Vision Private Limited | ₹17.75 Lakh (FY 2018) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
| NZ Technologies Private Limited | ₹17.73 Lakh (FY 2022) | •••• | •••• | 71.0% | •••• | Himachal Pradesh, India |
| Bsit Software Services Private Limited | ₹17.7 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Litrus Technologies Private Limited | ₹17.69 Lakh (FY 2019) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Edgesof Solutions Private Limited | ₹17.66 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Ovid Technologies Private Limited this company | ₹17.65 Lakh (FY 2023) | •••• | •••• | -22.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Immersv Software Solutions Private Limited | ₹17.62 Lakh (FY 2020) | •••• | •••• | 330.0% | •••• | Hyderabad, Telangana, India |
| Loyakk Mobile Technologies India (OPC) Private Limited | ₹17.61 Lakh (FY 2020) | •••• | •••• | 24.0% | •••• | Thane, Maharashtra, India |
| Tractine Solutions & Software Private Limited | ₹17.52 Lakh (FY 2020) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Nirvato Software Private Limited | ₹17.49 Lakh (FY 2025) | •••• | •••• | 56.0% | •••• | Bangalore, Karnataka, India |
| Xircular Tech Private Limited | ₹17.48 Lakh (FY 2025) | •••• | •••• | 1066.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ovid Technologies by revenue in the Information Technology industry (Software Services), 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 Ovid Technologies Private Limited
Ovid Technologies Private Limited is audited by UMAMAHESWARA RAO & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UMAMAHESWARA RAO & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ovid Technologies Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Ovid Technologies Private Limited
Ovid Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ovid Technologies Private Limited
Employment history and EPFO contributions of people linked to Ovid Technologies.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ovid Technologies Private Limited
Ovid Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Pradeep Jyothi Kollipara was appointed as Director on 13 Jun 2018.
AGM
Ovid Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Ovid Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.
Appointed
Pradeep Jyothi Kollipara was appointed as Director.
Appointed
Sujana Kalahasthi was appointed as Director.
Incorporation
13 Jun 2018
Ovid Technologies Private Limited was registered on 13 Jun 2018 with Roc Vijayawada & aged 8 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Ovid Technologies Private Limited
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MSME Payment Delays by Ovid Technologies Private Limited
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Subsidiaries & Group Companies of Ovid Technologies Private Limited
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Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Ovid Technologies Private Limited
Ovid Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCO7283N1ZR | Andhra Pradesh | Active | 05 Jul 2018 |
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MCA Filings & Documents of Ovid Technologies Private Limited
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Frequently Asked Questions about Ovid Technologies Private Limited
Ovid Technologies is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in software development and support services, within the information technology industry. It was incorporated on 13 June 2018 (8+ years old) and is registered under CIN U74993AP2018PTC108625.
Ovid Technologies reported revenue of ₹17.65 Lakh for FY 2023 (down 22% YoY).
Ovid Technologies has 2 current directors:
- Pradeep Jyothi Kollipara - Director
- Sujana Kalahasthi - Director
Ovid Technologies reported a net loss of ₹2.77 Lakh (net margin -15.7%) and EBITDA of ₹1.54 Lakh (EBITDA margin 8.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ovid Technologies is 26% over three years. In the latest year (FY 2023) revenue fell 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ovid Technologies is 37AACCO7283N1ZR, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Ovid Technologies is U74993AP2018PTC108625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ovid Technologies was incorporated on 13 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Ovid Technologies by revenue are Level Next Vision Private Limited, NZ Technologies Private Limited, Bsit Software Services Private Limited, Litrus Technologies Private Limited, Edgesof Solutions Private Limited and 5 more, all in the Information Technology industry (Software Services).
Pradeep Jyothi Kollipara was appointed as Director on 13 Jun 2018. Sujana Kalahasthi was appointed as Director on 13 Jun 2018.
Yes, Ovid Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).