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Corefares Consulting Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹46.84 Cr
▲ 44% YoY
Net profit · FY 2024
₹68.14 Lakh
Net margin 1.5%
EBITDA · FY 2024
₹1.36 Cr
EBITDA margin 2.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹8.42 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
38
Provident fund records
About Corefares Consulting Private Limited
Data last updated:
Corefares Consulting Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 26 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93090KA2020PTC133051. Its GSTIN is 29AAICC6654P1ZT (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ajay Jude Fernandes Prabhu (Managing Director) and John Cheravelil Verghese (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E303 3rd Floor Sunrise Chambers 22 Ulsoor Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.84 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹68.14 Lakh (net margin 1.5%) and EBITDA of ₹1.36 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CoreFares. As per MCA filings, the company has open charges of ₹8.42 Cr on record.
Corefares Consulting Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0036864). For more details, the company can be reached via its website corefares.com.
Company Details of Corefares Consulting Private Limited
CIN U93090KA2020PTC133051
Registration Number 133051
Incorporation Date 26 February 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-02-0036864
Key People
Ajay Jude Fernandes Prabhu Managing Director John Cheravelil Verghese Whole-Time Director Syed Saleemuddin Khilji Whole-Time Director Recognitions & Rankings of Corefares Consulting
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0036864
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressE303 3rd Floor Sunrise Chambers 22 Ulsoor Road, Bangalore, Karnataka, India – 560042
- IndustryTransport and Logistics, Travel & Tour Services
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Associated Brands with Corefares Consulting Private Limited
Corefares Consulting operates one associated brand: CoreFares. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers B2B ticketing platforms for global airfare and group travel needs. | corefares.com |
Business Activity of Corefares Consulting Private Limited
The main business activity of Corefares Consulting is support service to organizations. In detail, this covers travel agency and tour operators.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Corefares Consulting Private Limited FY 2024 filings available
Corefares Consulting Private Limited reported revenue of ₹46.84 Cr (up 44% YoY) for FY 2024.
Revenue · FY 2024
₹46.84 Cr ▲ 44%
Net profit · FY 2024
₹68.14 Lakh margin 1.5%
EBITDA · FY 2024
₹1.36 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR) of Corefares Consulting Private Limited
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 71%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 111%
Revenue has grown at a compounded annual rate (CAGR) of 71% over three years, including 44% growth in the latest year. EBITDA rose 39% 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 Corefares Consulting Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68.14 Lakh | •••• | •••• | •••• | •••• |
| 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 Corefares Consulting Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 Corefares Consulting are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Corefares Consulting Private Limited
Corefares Consulting has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Jude Fernandes Prabhu Also directs: Gravitas Holdings LLP, Nuetech CNC Machining Solutions Private Limited, Ushtara Technologies Private Limited and 5 more | Managing Director | 26 Feb 2020 | 6 Years 7 Months | Current |
| John Cheravelil Verghese | Whole-Time Director | 26 Feb 2020 | 6 Years 7 Months | Current |
| Syed Saleemuddin Khilji | Whole-Time Director | 26 Feb 2020 | 6 Years 7 Months | Current |
Peer Comparison of Corefares Consulting Private Limited
Corefares Consulting Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Online Ticketing, Tour and Travel Operators). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Utx Travels Private Limited | ₹47.93 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Bangalore, Karnataka, India |
| Travel Clinic Voyage Private Limited | ₹47.8 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Noida, Uttar Pradesh, India |
| Catalyst Horizon Services Private Limited | ₹47.68 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Moonal Consultants Private Limited | ₹47.26 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Aerowise Travel and Forex Private Limited | ₹46.93 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Hyderabad, Telangana, India |
| Corefares Consulting Private Limited this company | ₹46.84 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Bangalore, Karnataka, India |
| Ishull DMC Private Limited | ₹46.79 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Ticketgenie Solutions Private Limited | ₹46.78 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Bangalore, Karnataka, India |
| PCM Worldwide Flights Private Limited | ₹46.75 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Gappu Mahendra Travels Private Limited | ₹46.63 Cr (FY 2023) | •••• | •••• | 33.0% | •••• | Raipur, Chhattisgarh, India |
| Le Passage to India Tours and Travels Private Limited | ₹46.31 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Corefares Consulting by revenue in the Transport and Logistics industry (Online Ticketing, Tour and Travel Operators), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Corefares Consulting Private Limited
Corefares Consulting Private Limited is audited by R A N D and Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R A N D and Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Corefares Consulting Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Corefares Consulting Private Limited
Open charges
₹8.42 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jun 2025 | Hdfc Bank Limited | ₹8.2 Cr | Open |
| 28 Feb 2024 | Hdfc Bank Limited | ₹21.95 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Corefares Consulting Private Limited
Corefares Consulting Private Limited has a workforce of 38 employees as of Apr 07, 2024.
Employee count
38
Active EPFO establishments
1
Employee growth
58.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Corefares Consulting Private Limited
Corefares Consulting Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Ajay Jude Fernandes Prabhu was appointed as Managing Director on 26 Feb 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 820.00 Lakh with Charge ID 101124200 was registered on 26 Jun 2025.
AGM
Corefares Consulting Private Limited last Annual general meeting of members was held on 30 Nov 2024 as per latest MCA records.
Filing
Corefares Consulting Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.95 Lakh with Charge ID 100885075 was registered on 28 Feb 2024.
Appointed
Ajay Jude Fernandes Prabhu was appointed as Managing Director.
Appointed
John Cheravelil Verghese was appointed as Whole-Time Director.
Appointed
Syed Saleemuddin Khilji was appointed as Whole-Time Director.
Incorporation
26 Feb 2020
Corefares Consulting Private Limited was registered on 26 Feb 2020 with Roc Bangalore & aged 6 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Corefares Consulting Private Limited
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MSME Payment Delays by Corefares Consulting Private Limited
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Subsidiaries & Group Companies of Corefares Consulting Private Limited
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Corporate group structure
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GST Compliance of Corefares Consulting Private Limited
Corefares Consulting has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC6654P1ZT | Karnataka | Active | 16 Mar 2020 |
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MCA Filings & Documents of Corefares Consulting Private Limited
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Frequently Asked Questions about Corefares Consulting Private Limited
Corefares Consulting is an active private limited company based in Bangalore, Karnataka, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 26 February 2020 (6+ years old) and is registered under CIN U93090KA2020PTC133051.
Corefares Consulting reported revenue of ₹46.84 Cr for FY 2024 (up 44% YoY).
Corefares Consulting has 3 current directors:
- Ajay Jude Fernandes Prabhu - Managing Director
- John Cheravelil Verghese - Whole-Time Director
- Syed Saleemuddin Khilji - Whole-Time Director
Corefares Consulting reported a net profit of ₹68.14 Lakh (net margin 1.5%) and EBITDA of ₹1.36 Cr (EBITDA margin 2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Corefares Consulting is 71% over three years. In the latest year (FY 2024) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Corefares Consulting is 29AAICC6654P1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Corefares Consulting is U93090KA2020PTC133051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corefares Consulting was incorporated on 26 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Corefares Consulting by revenue are Utx Travels Private Limited, Travel Clinic Voyage Private Limited, Catalyst Horizon Services Private Limited, Moonal Consultants Private Limited, Aerowise Travel and Forex Private Limited and 5 more, all in the Transport and Logistics industry (Online Ticketing, Tour and Travel Operators).
Ajay Jude Fernandes Prabhu was appointed as Managing Director on 26 Feb 2020. John Cheravelil Verghese was appointed as Whole-Time Director on 26 Feb 2020. Syed Saleemuddin Khilji was appointed as Whole-Time Director on 26 Feb 2020.
Yes, Corefares Consulting is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).