Corenco Enterprises Private Limited

Corenco Enterprises Private Limited - business outsourcing in Bangalore North, Karnataka, India. FY 2026 financials & compliance.
CIN U17200KA2011PTC061819 Incorporated 23 December 2011 ROC Bangalore HQ Bangalore North, Karnataka, India
Active Private Limited Company business outsourcing
Data last updated
Revenue · FY 2024
₹4.86 Cr
▼ 35% YoY
Net profit · FY 2024
₹1.43 Cr
Net margin 29.5%
EBITDA · FY 2024
₹2.96 Cr
EBITDA margin 61%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹9.95 Cr
Satisfied ₹2 Cr
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings

About Corenco Enterprises Private Limited

Data last updated:

Corenco Enterprises Private Limited is a private limited company based in Bangalore North, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 December 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17200KA2011PTC061819. Its GSTIN is 29AAECC6718N1Z4 (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Aditya Kaura (Whole-Time Director) and Shruti Kaura.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore North, Karnataka.

As per the financials filed for FY 2024, the company reported a revenue of ₹4.86 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 29.5%) and EBITDA of ₹2.96 Cr (EBITDA margin 61%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.

As per MCA filings, the company has open charges of ₹9.95 Cr and satisfied charges of ₹2 Cr on record. Court records list 10 cases involving the company, including 1 filed by the company; 4 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website corenco.in.

Company Details of Corenco Enterprises Private Limited
CIN U17200KA2011PTC061819
Registration Number 061819
Incorporation Date 23 December 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
    Locked
  • Registered Address
    No 295 & 296 2nd Floor Unit 1, 100 Feet Road, Bangalore North, Karnataka, India – 560038
  • Industry
    Business Outsourcing, Business & IT Consulting
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Financials, compliance, directors, charges, ownership and filings for Corenco Enterprises Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Corenco Enterprises Private Limited

The main business activity of Corenco Enterprises is real estate. In detail, this covers real estate activities with own or leased property.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
LReal EstateL1Real estate activities with own or leased propertyLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Corenco Enterprises Private Limited FY 2024 filings available

Corenco Enterprises Private Limited reported revenue of ₹4.86 Cr (down 35% YoY) for FY 2024.

Revenue · FY 2024
₹4.86 Cr ▼ 35%
Net profit · FY 2024
₹1.43 Cr margin 29.5%
EBITDA · FY 2024
₹2.96 Cr margin 61%

Compounded Annual Growth Rate (CAGR) of Corenco Enterprises Private Limited

Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 13%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 7%

Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 35% fall in the latest year. EBITDA fell 44% 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 Corenco Enterprises Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹2.96 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹1.43 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 Corenco Enterprises Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin61%••••••••••••••••
Net Profit Margin29.5%••••••••••••••••
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 Corenco Enterprises are in the company report.

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Financial statements from 2015

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Auditor Details of Corenco Enterprises Private Limited

Corenco Enterprises Private Limited is audited by Venkatesha Marappa for the financial year 2023.

NameStatusAppointment DateCessation Date
Venkatesha MarappaLockedLockedLocked
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Board of Directors of Corenco Enterprises Private Limited

Corenco Enterprises has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shruti KauraDirector23 Dec 201114 Years 9 MonthsCurrent
Aditya KauraWhole-Time Director23 Dec 201114 Years 9 MonthsCurrent

Ownership and Shareholding of Corenco Enterprises Private Limited

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Charges & Borrowings of Corenco Enterprises Private Limited

Open charges
₹9.95 Cr
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹5.50 Cr
Axis Bank Limited₹4.45 Cr
Latest charge details
DateLenderAmountStatus
05 Dec 2019Hdfc Bank Limited₹1.5 CrOpen
13 Mar 2019Axis Bank Limited₹4.45 CrOpen
27 Jun 2016Hdfc Bank Limited₹4 CrOpen
10 Feb 2012Sir. M. Visvesvaraya Co-Operative Bank Limited₹2 CrSatisfied

Total charge records: 4 View all charges

Employees and EPFO Compliance at Corenco Enterprises Private Limited

Employment history and EPFO contributions of people linked to Corenco Enterprises.

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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 Corenco Enterprises Private Limited

Corenco Enterprises Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Aditya Kaura ceased to be Director on 02 Feb 2018.

AGM
Corenco Enterprises Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Corenco Enterprises 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. 150.00 Lakh with Charge ID 100309248 was registered on 05 Dec 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 445.00 Lakh with Charge ID 100257938 was registered on 13 Mar 2019.
Ceased
Aditya Kaura ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 400.00 Lakh with Charge ID 100051496 was registered on 27 Jun 2016.
Charges
A charge registered on 10 Feb 2012 via Charge ID 10339741 with Sir. M. Visvesvaraya Co-Operative Bank Limited was fully satisfied on 02 Jun 2012.
Charges
A charge with Sir. M. Visvesvaraya Co-Operative Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 10339741 was registered on 10 Feb 2012.
Appointed
Aditya Kaura was appointed as Whole-Time Director.
Appointed
Shruti Kaura was appointed as Director.
Incorporation
23 Dec 2011
Corenco Enterprises Private Limited was registered on 23 Dec 2011 with Roc Bangalore & aged 14 years 9 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Corenco Enterprises Private Limited

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MSME Payment Delays by Corenco Enterprises Private Limited

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Subsidiaries & Group Companies of Corenco Enterprises Private Limited

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GST Compliance of Corenco Enterprises Private Limited

Corenco Enterprises has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAECC6718N1Z4KarnatakaActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Corenco Enterprises Private Limited

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MCA filings and documents

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Frequently Asked Questions about Corenco Enterprises Private Limited

Corenco Enterprises is an active private limited company based in Bangalore North, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 December 2011 (15+ years old) and is registered under CIN U17200KA2011PTC061819.

Corenco Enterprises reported revenue of ₹4.86 Cr for FY 2024 (down 35% YoY).

Corenco Enterprises has 2 current directors:

Corenco Enterprises reported a net profit of ₹1.43 Cr (net margin 29.5%) and EBITDA of ₹2.96 Cr (EBITDA margin 61%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Corenco Enterprises is 13% over three years and -3% over five years. In the latest year (FY 2024) revenue fell 35%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Corenco Enterprises is 29AAECC6718N1Z4, registered in Karnataka.

The CIN (Corporate Identification Number) of Corenco Enterprises is U17200KA2011PTC061819. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Corenco Enterprises has 10 court cases on record: 1 filed by the company. 4 are pending. Most are in the high courts.

Corenco Enterprises was incorporated on 23 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.

Aditya Kaura ceased to be Director on 02 Feb 2018. Aditya Kaura was appointed as Whole-Time Director on 23 Dec 2011. Shruti Kaura was appointed as Director on 23 Dec 2011.

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