About Covalense
Covalense is a Technology company based in Hyderabad (India) founded in 2006. It provides IT consulting, cloud solutions, and enterprise software development. It operates on a B2B model. The company has 374 employees. Covalense offers products and services including cSMART, cTAF, and cBOB. Its focus areas include Software Development, Enterprise Applications, Java and Open Source and Cloud Computing. Similar companies include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed similar companies have raised funding.
Company details
Covalense is an IT services company that offers enterprise information management, cloud computing, and software solutions. They specialize in technologies like Oracle, Microsoft, and CRM, helping businesses improve processes and achieve growth through consulting and implementations. Operating from locations including Hyderabad and Bangalore, they serve global clients in various industries with a focus on competitive advantage and ROI.
- Headquarters Hyderabad, India
- Employees 374
- SectorsTechnology
- Email••••••••
- Website covalense.com
- Social LinkedIn X Facebook
- Employee Count374
Associated legal entities of Covalense
Covalense is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Covalense Technologies Private Limited CIN U72200TG2006PTC049522 | Active | 17 Mar 2006 | Hyderabad, Telangana | ₹57.1 Cr | 384 | 2 | View details |
| Covalense Digital Solutions Private Limited CIN U72900KA2018PTC170059 | Active | 12 Mar 2018 | Bangalore, Karnataka | ₹132 Cr | 546 | 5 | View details |
Products & Services of Covalense
Covalense offers a comprehensive portfolio of products and services, including cSMART, cTAF, and cBOB.
Platform for monetization and commerce solutions in various industries.
Cloud-enabled service for testing applications and systems.
Tool for managing business risks and opportunities effectively.
Board of directors of Covalense
The boards of the 2 registered companies of Covalense currently have 5 directors; the longest-serving is Venkata Satyanarayana Peesapati, appointed in 2006. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkata Satyanarayana Peesapati DIN 00200121 | Managing Director | 17 Mar 2006 | 20 yrs 7 mo | Covalense Technologies Private Limited |
| Krishna Kumari Venkata Gopal Peesapati DIN 02526298 | Whole-time director | 18 Aug 2006 | 20 yrs 2 mo | Covalense Technologies Private Limited |
| Arunashree Anjana DIN 02526239 | Whole-time director | 19 Nov 2019 | 6 yrs 11 mo | Covalense Digital Solutions Private Limited |
| Sreenivas Venkata Satya Peesapati DIN 00014083 | Managing Director | 23 Jan 2021 | 5 yrs 9 mo | Covalense Digital Solutions Private Limited |
| Chintan Kaushik Gandhi DIN 10399326 | Nominee Director | 22 Nov 2024 | 1 yr 11 mo | Covalense Digital Solutions Private Limited |
People of Covalense
2 people are tracked at Covalense (1 in leadership, 1 in team); the tracked headcount is 374.
| Name | Role | Group |
|---|---|---|
Narayana Peesapati | Founder & Managing Director | Leadership |
Sushant Shekhar | Business Development Manager | Team |
Complete people profiles for Covalense
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Financials of Covalense
Figures of Covalense Technologies Private Limited, the primary company behind Covalense, for FY 2025. Revenue was ₹57.10 Cr (-14% year on year). Net profit was ₹58.9 Lakh (1% margin). EBITDA was ₹3.61 Cr (6% margin). Revenue has grown at a compounded annual rate of +5% over three years and +16% over five years.
- ₹57.10 CrRevenue · FY 2025 · -14% YoY
- ₹58.9 LakhNet profit · 1% margin
- ₹3.61 CrEBITDA · 6% margin
- ₹3.71 CrPaid-up capital
- 384Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Covalense Technologies Private Limited are on its company page.
Detailed financial statements for Covalense
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Similar companies to Covalense
Covalense has 3 listed similar companies in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed similar companies of Covalense
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Web traffic of Covalense
Websites that share an audience with Covalense (covalense.com).
Websites whose visitors overlap most with Covalense. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tricoresolutions.com | 100% | View details | |||
| tcognition.com | 98% | #7,785,349 | View details | ||
| ecenta.com | 98% | 680.7K | View details | ||
| arbourgroup.com | 98% | 9.6K | #2,567,957 | View details | |
it2-solutions.com | it2-solutions.com | 98% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Covalense
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Related news about Covalense
Complete news archive for Covalense
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Frequently Asked Questions about Covalense
Covalense was founded in 2006.
Covalense is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Covalense has 374 employees.
Covalense is an IT services company that offers enterprise information management, cloud computing, and software solutions. They specialize in technologies like Oracle, Microsoft, and CRM, helping businesses improve processes and achieve growth through consulting and implementations. Operating from locations including Hyderabad and Bangalore, they serve global clients in various industries with a focus on competitive advantage and ROI.
Covalense's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
Covalense offers cSMART, cTAF, and cBOB.
Covalense is associated with 2 legal entities: Covalense Technologies Private Limited, Covalense Digital Solutions Private Limited.
The legal entities of Covalense currently have 7 directors, including Krishna Kumari Venkata Gopal Peesapati, Venkata Satyanarayana Peesapati, Arunashree Anjana and others.