Corevance Systems Private Limited

Provides web design and development services, IT staff augmentation, BPO, QA/testing, and custom app development.

2016 | Hyderabad, Telangana (India) | Active
Last Updated:

Corevance Systems Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 8 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 30.34%
  • Profit Growth 660.14%
  • Ebitda 2969.20%
  • Net Worth 6.90%
  • Total Assets 149.26%

About Corevance Systems

Corevance Systems Private Limited (CSPL) is a Private Limited Indian Non-Government Company incorporated in India on 04 July 2016 (Eight years and ten months 27 days old ). Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Divya Somarapu and Siva Vangala serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72900TG2016PTC110677

  • Company No.

    110677

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    04 Jul 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology
Company report

Corevance Systems Private Limited

Explore comprehensive data for Corevance Systems Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Corevance Systems?

Executive Team (1)

NameDesignationAppointment DateStatus
Siva Vangala Country flag representing In Managing Director12-May-2021Current

Board Members (1)

NameDesignationAppointment DateStatus
Divya Somarapu Country flag representing In Director 12-May-2021Current

Financial Performance of Corevance Systems.

Corevance Systems Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.34% increase. The company also saw a substantial improvement in profitability, with a 660.14% increase in profit. The company's net worth moved up by a moderate rise of 6.9%.

Corevance Systems revenue growth over time
Corevance Systems profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
30.34%
Revenue from Operations
30.32%
Total Assets
149.26%
Profit or Loss
660.14%
Net Worth
6.90%
EBITDA
2969.20%

What is the Ownership and Shareholding Structure of Corevance Systems?

Unlock access to Corevance Systems's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Corevance Systems?

Corevance Systems has a workforce of 15 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Corevance Systems Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Corevance Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Corevance Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Corevance Systems

Recent activity within the organization

  • Annual General Meeting

    Corevance Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Corevance Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

  • Director Appointment

    Divya Somarapu was appointed as a Director was appointed as a Director on 12 May 2021 & has been associated with this company since 4 years 19 days .

  • Director Appointment

    Siva Krishna Vangala was appointed as a Managing Director was appointed as a Managing Director on 12 May 2021 & has been associated with this company since 4 years 19 days .

  • Company Incorporation

    Corevance Systems Private Limited was registered on 04 Jul 2016 with Roc Hyderabad & aged 8 years 10 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Corevance Systems Private Limited?

    Corevance Systems Private Limited was incorporated on 04 Jul 2016.

  • What is authorized share capital and paid-up capital of Corevance Systems Private Limited?

    The authorized share capital of Corevance Systems Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Corevance Systems Private Limited?

    Currently 2 directors are associated with Corevance Systems Private Limited.

    • Divya Somarapu
    • Siva Krishna Vangala

  • What is the registered address of Corevance Systems Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Corevance Systems Private Limited is Plot No.56 H.No 1-101/8 Srinivasa Nilayam Harsha Chambers Sai Nagar, Madhapur India, Hyderabad, Telangana, 500081.

  • What is the corporate identification number (CIN) and company number of Corevance Systems Private Limited?

    The corporate identification number (CIN) of Corevance Systems Private Limited is U72900TG2016PTC110677 and the company number is 110677 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Corevance Systems Private Limited?

    The Official website of Corevance Systems Private Limited is https://www.corevance.com

  • What has been the recent revenue trend for Corevance Systems Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Corevance Systems Private Limited has risen by 30.34%.

  • How many employees does Corevance Systems Private Limited currently have?

    As Per 2023 financial reports, 15 employees are currently employed by Corevance Systems Private Limited.

  • What change has been observed in the net worth of Corevance Systems Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Corevance Systems Private Limited has experienced an upsurge of 6.90%.

  • When was the last Balance Sheet of Corevance Systems Private Limited filed with the ROC?

    The most recent Balance Sheet for Corevance Systems Private Limited was filed with the ROC on 31 Mar 2024.

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