About Connovate Technology
Connovate Technology is a Technology company based in India founded in 2012, and was acquired by Binatone in October 2014. Wearable gadget technologies are developed and provided by the company. The company has 27 employees. Its Indian entity Hubble Connected India Private Limited reported revenue of ₹6.06 Cr. Its focus areas include Business Services and IoT Services.
Company details
Connovate Technology was founded in 2012 and is headquartered in India. Operations are centered on the technology sector, with a focus on wearable gadgets. Development and provision of these technologies form the core activities. Services encompass the creation, testing, and distribution of wearable devices. The companys domain, connovate.com, supports its digital operations in this field.
- Headquarters India
- Employees 27
- Stage Acquired
- SectorsTechnology
- Phone•••• ••••
- Website connovatech.com
- Social LinkedIn
- Acquired by Binatone (Oct 2014)
- Legal Name Hubble Connected India Private Limited
- Date of Incorporation 11 Jan, 2013
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Connovate Technology
Connovate Technology operates through Hubble Connected India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hubble Connected India Private Limited CIN U36990KA2013PTC067580 | Active | 11 Jan 2013 | Bangalore, Karnataka | ₹6.1 Cr | 27 | 2 | View details |
Investors in Connovate Technology
Connovate Technology has secured backing from 1 investor. Prominent investors backing the company include Binatone.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| binatoneglobal.com |
Investor details for Connovate Technology
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Board of directors of Hubble Connected India Private Limited (Connovate Technology)
Hubble Connected India Private Limited is the primary company behind Connovate Technology. The board of Hubble Connected India Private Limited currently have 2 directors; the longest-serving is Amit Kumar Sharma, appointed in 2018. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Kumar Sharma DIN 08117630 | Director | 24 Apr 2018 | 8 yrs 6 mo | Hubble Connected India Private Limited |
| Praveen Homkar DIN 09194534 | Director | 04 Jun 2021 | 5 yrs 5 mo | Hubble Connected India Private Limited |
Financials of Connovate Technology
Figures of Hubble Connected India Private Limited, the primary company behind Connovate Technology, for FY 2024. Revenue was ₹6.06 Cr (-35% year on year). Net profit was ₹17 Lakh (3% margin). EBITDA was ₹34.8 Lakh (6% margin). Revenue has grown at a compounded annual rate of -11% over three years and -7% over five years.
- ₹6.06 CrRevenue · FY 2024 · -35% YoY
- ₹17 LakhNet profit · 3% margin
- ₹34.8 LakhEBITDA · 6% margin
- ₹4 LakhPaid-up capital
- 27Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hubble Connected India Private Limited are on its company page.
Detailed financial statements for Connovate Technology
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Timeline of Connovate Technology
2 dated milestones of Connovate Technology across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Connovate Technology is founded.
- Exit Acquired by Binatone.
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Frequently Asked Questions about Connovate Technology
Connovate Technology was founded in 2012.
Connovate Technology is headquartered in India.
Connovate Technology has 27 employees.
The primary company behind Connovate Technology, Hubble Connected India Private Limited, reported revenue of ₹6.06 Cr for FY 2024, down 35% year on year.
Connovate Technology was founded in 2012 and is headquartered in India. Operations are centered on the technology sector, with a focus on wearable gadgets. Development and provision of these technologies form the core activities. Services encompass the creation, testing, and distribution of wearable devices. The companys domain, connovate.com, supports its digital operations in this field.
Connovate Technology has 1 investor. Key investors include Binatone.
Connovate Technology operates through Hubble Connected India Private Limited.
Yes. Connovate Technology was acquired by Binatone in October 2014.
The legal entities of Connovate Technology currently have 2 directors, including Praveen Homkar, Amit Kumar Sharma.