About Secova
Secova is a Business Services company based in Newport Beach (United States) founded in 1989, and was acquired by Altruist Technologies in May 2019. Provider of end to end HR services. Secova has raised $10 million across 2 funding rounds from investors including Infrastructure Leasing & Financial Services, Altruist Technologies and Baring Private Equity Partners. The company has 22 employees. Secova has completed 1 acquisition, including Ultralink. Its Indian entity Secova Eservices Private Limited reported revenue of ₹18.44 Cr. Secova offers products and services including Benefits Administration Services and Dependent Eligibility Audits. Its focus areas include BPO Services, Function Specific, Human Resources and HR Services. Its competitors include ADP, UKG and Bullhorn; 1 of its 3 listed competitors has raised funding.
Company details
Secova, established in 1989, excels in providing business support, bpo services, function specific, and managing HR solutions. Provider of end to end HR services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Newport Beach, United States
- Employees 22
- Stage Acquired
- SectorsBusiness Services
- Website secova.com
- Social LinkedIn X YouTube
- Acquired by Altruist Technologies (May 2019)
- Legal Name Secova Eservices Private Limited
- Date of Incorporation 04 Jul, 2003
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹18.44 Cr
FY 2025 · -4% YoY
- Indian entity net profit₹2.35 Cr
FY 2025 · 13% margin
- Indian entity EBITDA₹3.41 Cr
FY 2025 · 18% margin
- Total Equity Funding$10M (USD)
in 2 rounds
- Latest Funding Round$8M (USD), Series B
Jun 2006
- Investors
- Employee Count22
- Investments & Acquisitions
- Acquired byAltruist Technologies
(May 2019)
Associated legal entities of Secova
Secova operates through Secova Eservices Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Secova Eservices Private Limited CIN U72200TN2003PTC051138 | Active | 04 Jul 2003 | Chennai, Tamil Nadu | ₹18.4 Cr | 22 | 3 | View details |
Products & Services of Secova
Secova offers a comprehensive portfolio of products and services, including Benefits Administration Services and Dependent Eligibility Audits.
Streamlines employee benefits management for efficiency and accuracy.
Verifies dependents to optimize benefits programs and reduce costs.
Apps and channels of Secova
its YouTube channel ThemeGrill has 2.51K subscribers and 30 videos.
Videos from Secova
The most watched videos on Secova's YouTube channel, ThemeGrill (2.51K subscribers). Click a video to play it here.
More on ThemeGrill.
Funding Insights of Secova
Secova has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in June 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 2
- Last Round Series B — $8M
- First Round $2M
(Sep 2003)
- Investors Count 2
All 2 funding rounds of Secova with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2006 | $8M | Series B | – | – | |
| Sep 2003 | $2M | Series B | – | Infrastructure Leasing & Financial Services | – |
3 investors in total: 3 institutional.
Investors in Secova
Secova has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Infrastructure Leasing & Financial Services, Altruist Technologies and Baring Private Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focusing on buyouts and investments in multiple sectors | 1998 | bpepindia.com | Mumbai, India | |
Infrastructure financing and advisory solutions are provided by the NBFC. | 1987 | ilfsindia.com | Mumbai, India | |
Mobile value-added services are provided to telecom operators and businesses. | 2005 | altruistindia.com | Panchkula, India |
Investor details for Secova
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Secova Eservices Private Limited (Secova)
Secova Eservices Private Limited is the primary company behind Secova. The board of Secova Eservices Private Limited currently have 2 directors; the longest-serving is Hari Narain Singla, appointed in 2019. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hari Narain Singla DIN 03476904 | Additional Director | 29 May 2019 | 7 yrs 5 mo | Secova Eservices Private Limited |
| Anuj Aggarwal DIN 00809925 | Additional Director | 29 May 2019 | 7 yrs 5 mo | Secova Eservices Private Limited |
People of Secova
5 people are tracked at Secova (2 in leadership, 3 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Raman Jham | Chief Operating Officer | Leadership |
Arvind Venkatraman | Head Of Information Technology | Leadership |
Ewards Shabline | Assistant Manager - IT Infrastructure | Team |
Vinnie Secova | Sales Specialist | Team |
Diwakar B | Deputy Manager | Team |
Complete people profiles for Secova
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Secova
Figures of Secova Eservices Private Limited, the primary company behind Secova, for FY 2025. Revenue was ₹18.44 Cr (-4% year on year). Net profit was ₹2.35 Cr (13% margin). EBITDA was ₹3.41 Cr (18% margin). Revenue has grown at a compounded annual rate of 0% over three years and -20% over five years.
- ₹18.44 CrRevenue · FY 2025 · -4% YoY
- ₹2.35 CrNet profit · 13% margin
- ₹3.41 CrEBITDA · 18% margin
- ₹12.42 CrPaid-up capital
- 22Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- -20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Secova Eservices Private Limited are on its company page.
Detailed financial statements for Secova
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Secova
Secova has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ultralink.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
HR management services are provided by Ultralink since 1989. | ultralink.com | Baltimore, United States | 1989 | Apr 2006 | •••• |
Complete acquisition details for Secova
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Secova
5 dated milestones of Secova across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Secova is founded.
- Funding First funding round of $2.0M.
- Acquisition Acquires Ultralink.
- Funding Latest funding round, Series B, of $8.0M.
- Exit Acquired by Altruist Technologies.
Competitors of Secova
Secova has 3 listed competitors in our database, 1 of them funded. They include ADP, UKG and Bullhorn.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| adp.com | 1949 | Roseland, United States | 44 | Cloud-based HR management solutions are offered for payroll and compliance. | ||
| ukg.com | 1977 | Weston, United States | Provider of HR and payroll & workforce management solutions | |||
| bullhorn.com | 1999 | Boston, United States | $26M | 876 | Cloud-based ATS and CRM systems are offered for staffing agencies. |
Detailed competitors of Secova
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Secova
The website of Secova (secova.com) receives about 5.3K visits a month.
- Monthly visits5.3K
▲ 110.9% vs previous month
Websites whose visitors overlap most with Secova. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ultralink.com | 100% | View details |
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Secova (Business Process Outsourcing (BPO)) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of customer care and back office support services for multiple sectors | 2008 | San Antonio, Texas, United States | USD 15 M | USD 1.18 B | 59,000 | |
Provider of end-to-end business process outsourcing services | 1997 | New York, New York, United States | USD 5.08 B | 140,000 | ||
Business process and technology management services are provided globally. | 1986 | Pittsford, New York, United States | USD 60 M |
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Related news about Secova
Complete news archive for Secova
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Frequently Asked Questions about Secova
Secova was founded in 1989 and raised its 1st funding round 14 years after it was founded.
Secova is headquartered in Newport Beach, United States. It is registered at Newport Beach, California, United States.
Secova is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Series B of $2M, raised on Sep 2003.
Secova has 22 employees.
The primary company behind Secova, Secova Eservices Private Limited, reported revenue of ₹18.44 Cr for FY 2025, down 4% year on year.
Secova, established in 1989, excels in providing business support, bpo services, function specific, and managing HR solutions. Provider of end to end HR services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Secova offers Benefits Administration Services and Dependent Eligibility Audits.
Secova has made 1 acquisition, including Ultralink.
Secova has 3 investors. Key investors include Infrastructure Leasing & Financial Services, Altruist Technologies, and Baring Private Equity Partners.
Secova operates through Secova Eservices Private Limited.
Yes. Secova was acquired by Altruist Technologies in May 2019.