About Coredo India Private Limited
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Coredo India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Coredo Oy. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC140016. Its GSTIN is 29AAJCC0591L1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Joona Tapio Puhakka and Nidhish Sadashiv Shetty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Umiya Emporium No. 97 3rd Floor Hosur Main Road Madiwala, Bangalore, Karnataka, India – 560029.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.68 Lakh (net margin 2.7%) and EBITDA of ₹16.45 Lakh (EBITDA margin 4.2%).
The company has about 6 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website coredogroup.com.
Company details
Contact details
Coredo India Private Limited's registered office is in Bangalore, Karnataka. Its website is coredogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUmiya Emporium No. 97 3rd Floor Hosur Main Road Madiwala, Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Coredo India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Coredo India Private Limited
FY 2025 filings availableCoredo India Private Limited reported revenue of ₹3.92 Cr (up 644% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 644% in the latest year. EBITDA rose 276% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹3.92 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹16.45 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10.68 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.2% | ||
| Net Profit Margin | 2.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
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| Receivable Days | |||
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| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Coredo India Private Limited, buy the company report.
Board of directors of Coredo India Private Limited
Coredo India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joona Tapio Puhakka | Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Nidhish Sadashiv Shetty Also directs: GNS Eco Solutions LLP, Green Nerds Solutions Private Limited | Director | 11 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Coredo India Private Limited is audited by RAGHAVENDRA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAGHAVENDRA | FY 2023 | 232738 |
Shareholding
The shareholding of Coredo India Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Coredo India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Coredo India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Coredo India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Coredo India Private Limited has a workforce of 6 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Coredo India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCC0591L1Z8 | Karnataka | Active | 15 Mar 2022 |
To see the full GST registrations and return filing status of Coredo India Private Limited, buy the company report.
Recent activity
Coredo India Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Sunkeswari Prasanth Vijay ceased to be Director on 12 Feb 2022.
Frequently asked questions
Coredo India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 October 2020 (6+ years old) and is registered under CIN U72900KA2020FTC140016.
Coredo India has 2 current directors:
- Joona Tapio Puhakka - Director
- Nidhish Sadashiv Shetty - Director
The latest financial statements of Coredo India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Coredo India is 29AAJCC0591L1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Coredo India is U72900KA2020FTC140016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coredo India was incorporated on 20 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Sunkeswari Prasanth Vijay ceased to be Director on 12 Feb 2022. Nidhish Sadashiv Shetty was appointed as Director on 11 Feb 2022. Gopalakrishna Pillai Padmakumar was appointed as Comp. Inc. Oi As Promoter on 20 Oct 2020. Coredo India has 4 board changes on record in total.
Coredo India can be reached through the website coredogroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Coredo India is at Umiya Emporium No. 97 3rd Floor Hosur Main Road Madiwala, Bangalore, Karnataka, India – 560029.
Coredo India operates in the information technology industry, in the application development and software solutions segment.
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