About Encovate
Encovate is a Travel & Hospitality company based in Bengaluru (India) founded in 2016 by Subhra Banerjee. Encovate offers business and leadership consulting services tailored to the hospitality sector. It operates on a B2B model. Its Indian entity Encovate Solutions Private Limited reported revenue of ₹11 Lakh. Its focus areas include Consulting, Business Consulting, Leadership Services and Hospitality Consulting. Its competitors include Lucid Group, ILUNION, Blue Matter Consulting, Pure Global and Healthier Choices Management and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Encovate encovate offers business and leadership consulting services tailored to the hospitality sector through offering consulting services, offering business consulting, leadership services, and hospitality consulting. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Founders Subhra Banerjee
- SectorsTravel & Hospitality
- Website encovate.com
- Social X Facebook
- Legal Name Encovate Solutions Private Limited
- Date of Incorporation 23 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹11 Lakh
FY 2024
- Net Profit₹4.4 Lakh
FY 2024 · 40% margin
- EBITDA₹5.3 Lakh
FY 2024 · 48% margin
Associated legal entities of Encovate
Encovate operates through Encovate Solutions 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 |
|---|---|---|---|---|---|---|---|
| Encovate Solutions Private Limited CIN U74910KA2019PTC127309 | Active | 23 Aug 2019 | Bangalore, Karnataka | ₹0.1 Cr | – | 2 | View details |
Board of directors of Encovate Solutions Private Limited (Encovate)
Encovate Solutions Private Limited is the primary company behind Encovate. The board of Encovate Solutions Private Limited currently have 2 directors; the longest-serving is Subhra Banerjee, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subhra Banerjee DIN 02860273 | Director | 23 Aug 2019 | 7 yrs 1 mo | Encovate Solutions Private Limited |
| Gaurav Mehra DIN 09127459 | Director | 29 Mar 2021 | 5 yrs 6 mo | Encovate Solutions Private Limited |
People of Encovate
1 people are tracked at Encovate (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Encovate
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Financials of Encovate
Figures of Encovate Solutions Private Limited, the primary company behind Encovate, for FY 2024. Revenue was ₹11 Lakh. Net profit was ₹4.4 Lakh (40% margin). EBITDA was ₹5.3 Lakh (48% margin). Revenue has grown at a compounded annual rate of +151% over three years.
- ₹11 LakhRevenue · FY 2024
- ₹4.4 LakhNet profit · 40% margin
- ₹5.3 LakhEBITDA · 48% margin
- ₹1 LakhPaid-up capital
- +151%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Encovate Solutions Private Limited are on its company page.
Detailed financial statements for Encovate
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Competitors of Encovate
Encovate has 8 listed competitors in our database, 1 of them funded. They include Lucid Group, ILUNION, Blue Matter Consulting, Pure Global and Healthier Choices Management, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wearelucidgroup.com | 2017 | London, United Kingdom | $14.87M | – | Consulting services for the healthcare industry are provided. | |
| ilunion.com | 2014 | Madrid, Spain | – | – | Management consulting services are provided to various clients. | |
| bluematterconsulting.com | 2012 | San Francisco, United States | – | 98 | Provider of consulting services focused for clinical drug development | |
| pureglobal.com | 1992 | Brampton, Canada | – | – | Cannabis-based healthcare products are manufactured for medical use. | |
| healthiercmc.com | 1985 | Miami, United States | – | – | Retail chain holding company | |
| cdmsmith.com | 1947 | Boston, United States | – | 1 | Management consulting and healthcare services are provided to various clients. | |
| tessventures.com | 2018 | Menlo Park, United States | – | – | Invests in innovative startups across Web3, Metaverse, AI, and Southeast Asia regions. | |
| ioniq.com | 2011 | Berlin, Germany | – | – | Management consulting services are provided by IONIQ. |
Detailed competitors of Encovate
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Top companies in Hotel Management Services
10 companies that operate in the same segment as Encovate (Hotel Management Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hospitality investment and management services are provided for properties. | 1988 | New York, New York, United States | – | – | 5,809 | |
Hotel management services are provided internationally by Radisson Hotel Group. | 1960 | Brussels, Brussels-capital Region, Belgium | – | USD 277.58 M | 159 | |
Hospitality management services for hotels are provided across various segments. | 2003 | Plano, Texas, United States | – | – | 29,612 | |
Casino entertainment and hospitality services are provided to guests. | 1975 | Las Vegas, Nevada, United States | – | USD 4.09 B | 16,129 | |
Upscale restaurants and bars are operated across diverse dining concepts. | 2004 | New York, New York, United States | – | USD 805.72 M | 10,800 | |
Hospitality services are provided by LOGE in the United States. | 2016 | Bend, Oregon, United States | USD 19.77 M | – | – | |
Hotel management services are provided by Hotelplan Holding. | 1935 | Opfikon, Zurich, Switzerland | – | – | – | |
Residential, lifestyle, and holiday accommodations are provided across Australia. | 1991 | Sydney, New South Wales, Australia | – | – | – | |
Motorway services are operated independently across 27 UK sites. | 1959 | Newport Pagnell, United Kingdom | USD 564.93 M | USD 872.12 M | – | |
Hotels, properties, and rubber gloves are developed and manufactured. | 1988 | Bangkok, Thailand | – | USD 64.72 M | – |
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Frequently Asked Questions about Encovate
Encovate was founded in 2016.
Encovate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Encovate, Encovate Solutions Private Limited, reported revenue of ₹11 Lakh for FY 2024.
Encovate encovate offers business and leadership consulting services tailored to the hospitality sector through offering consulting services, offering business consulting, leadership services, and hospitality consulting. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Encovate's top competitors include Lucid Group, ILUNION and Healthier Choices Management.
Encovate operates through Encovate Solutions Private Limited.
The legal entities of Encovate currently have 2 directors, including Subhra Banerjee, Gaurav Mehra.