About Coreel Technologies (India) Private Limited
Data last updated:
Coreel Technologies (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1999PTC033050. Its GSTIN is 29AABCC1915E1Z1 (Karnataka). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹17.5 Cr and a paid-up capital of ₹10.41 Cr. It was formerly known as Cg-Coreel Programmable Solutions Private Limited and Satnam Trading Private Limited. It is led by directors including Vishwanath Padur (Managing Director) and Suryanarayanan Neelakantan.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 21 7th Main 1st Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2025, the company reported a revenue of ₹334.84 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹52.33 Cr (net margin 15.6%) and EBITDA of ₹60.86 Cr (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 24% over five years.
The company has about 506 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Sandeepani- School of Embedded System Design and Coreel. As per MCA filings, the company has open charges of ₹88.25 Cr and satisfied charges of ₹51.48 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coreel.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address21 7th Main 1st Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Name History of Coreel Technologies (India) Private Limited
Coreel Technologies (India) has undergone 2 name changes throughout its history. The company was previously known as Cg-Coreel Programmable Solutions Private Limited, and Satnam Trading Private Limited. The current legal name is Coreel Technologies (India) Private Limited.
| Company Name | Status |
|---|---|
| Coreel Technologies (India) Private Limited | Current |
| Cg-Coreel Programmable Solutions Private Limited | Previous |
| Satnam Trading Private Limited | Previous |
CIN History of Coreel Technologies (India) Private Limited
Coreel Technologies (India) has one previous CIN (Corporate Identification Number): U72200KA2003PTC033050. The current CIN is U72200KA1999PTC033050, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA1999PTC033050 | Current |
| U72200KA2003PTC033050 | Previous |
Associated Brands with Coreel Technologies (India) Private Limited
Coreel Technologies (India) operates two associated brands: Sandeepani- School of Embedded System Design and Coreel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers courses and training programs for students, faculty, and corporate professionals. | sandeepani-training.com | |
| Advanced electronic systems are developed for aerospace, defense, and education. | coreel.com |
Competitors & Alternatives of Coreel Technologies (India) Private Limited
Brands and companies operating in the same space as Coreel Technologies (India) Private Limited include Xilinx, Indian Institute Of Technology Kharagpur, Kalray and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Xilinx | Programmable logic devices and embedded solutions are provided. | San Jose, United States | 1984 |
 Indian Institute Of Technology Kharagpur | Academic programs in engineering, technology, and research are provided. | Kharagpur, India | 1951 |
 Kalray | Processing acceleration cards are developed for AI, telecom, and storage. | Montbonnot Saint Martin, France | 2008 |
 IIT Bombay | Public research university offering undergraduate and graduate programs across various disciplines | Mumbai, India | 1958 |
 SECO | Multiple embedded hardware solutions for diverse applications are manufactured. | Arezzo, Italy | 1979 |
 Kalvium | Computer science engineering courses are offered by Kalvium college. | Bengaluru, India | 2021 |
 Advantech | Network equipment, automation, and embedded computing solutions are provided. | Bengaluru, India | 1983 |
 Indian Institute of Science | University offering multiple courses and degrees across engineering, science & technology streams | Bengaluru, India | 1909 |
 congatec | Single-board computers and computer-on-modules are manufactured for industrial applications. | Deggendorf, Germany | 2004 |
 Centum Learning | End-to-end training and skill development solutions are delivered. | Delhi, India | 2006 |
Business Activity of Coreel Technologies (India) Private Limited
The main business activity of Coreel Technologies (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Coreel Technologies (India) Private Limited
Coreel Technologies (India) Private Limited is audited by SHARP & TANNAN for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARP & TANNAN | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Coreel Technologies (India) Private Limited
Coreel Technologies (India) has 8 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suryanarayanan Neelakantan | Director | 24 Jan 2024 | 2 Years 8 Months | Current |
| Chetan Vadilal Sanghvi | Director | 01 Jul 1999 | 27 Years 3 Months | Current |
| Umesh Devendrakumar Agrawal Also directs: SNV Aviation Private Limited | Nominee Director | 10 May 2024 | 2 Years 4 Months | Current |
| Vishwanath Padur | Managing Director | 16 Jul 2004 | 22 Years 2 Months | Current |
| Venkateswara Gowtama Mannava Also directs: RRP Defense Limited, Nibe Defence and Aerospace Limited, Crystal Matrix Limited and 2 more | Director | 20 Oct 2022 | 3 Years 11 Months | Current |
| Vibhas Pande Also directs: Shri Shambhavi Avtech Consultancy (OPC) Private Limited | Additional Director | 16 Jul 2025 | 1 Years 2 Months | Current |
Financials of Coreel Technologies (India) Private Limited FY 2025 filings available
Coreel Technologies (India) Private Limited reported revenue of ₹334.84 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Coreel Technologies (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 31% growth in the latest year. EBITDA rose 165% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Coreel Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹334.84 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹60.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52.33 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Coreel Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Coreel Technologies (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Coreel Technologies (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Coreel Technologies (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2024 | Karnataka Bank Ltd. | ₹25 Lakh | Open |
| 30 Sep 2021 | Hdfc Bank Limited | ₹32.5 Cr | Open |
| 18 Mar 2014 | Karnataka Bank Ltd. | ₹40 Cr | Open |
| 08 Jan 2014 | Karnataka Bank Ltd. | ₹7.5 Cr | Open |
| 25 Jan 2012 | Karnataka Bank Ltd. | ₹8 Cr | Open |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Coreel Technologies (India) Private Limited
Coreel Technologies (India) Private Limited has a workforce of 506 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Coreel Technologies (India) Private Limited
Coreel Technologies (India) has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCC1915E1Z1 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Coreel Technologies (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Coreel Technologies (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Coreel Technologies (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Coreel Technologies (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Coreel Technologies (India) Private Limited
Recent News on Coreel Technologies (India) Private Limited
Frequently Asked Questions about Coreel Technologies (India) Private Limited
Coreel Technologies (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 April 1999 (27+ years old) and is registered under CIN U72200KA1999PTC033050.
Coreel Technologies (India) reported revenue of ₹334.84 Cr for FY 2025 (up 31% YoY).
Coreel Technologies (India) has 8 current directors:
- Vishwanath Padur - Managing Director
- Suryanarayanan Neelakantan - Director
- Chetan Vadilal Sanghvi - Director
- Umesh Devendrakumar Agrawal - Nominee Director
- Venkateswara Gowtama Mannava - Director
- Vibhas Pande - Additional Director
- Kewal Krishan Nohria - Director
- Pushkar Jauhari - Nominee Director
Coreel Technologies (India) reported a net profit of ₹52.33 Cr (net margin 15.6%) and EBITDA of ₹60.86 Cr (EBITDA margin 18.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Coreel Technologies (India) is 24% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Coreel Technologies (India) is 29AABCC1915E1Z1, registered in Karnataka. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Coreel Technologies (India) is U72200KA1999PTC033050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coreel Technologies (India) was incorporated on 20 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Coreel Technologies (India) can be reached through the website coreel.com. Its registered office is in Bangalore, Karnataka, India.