About Corevance Systems Private Limited
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Corevance Systems Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 04 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2016PTC110677. Its GSTIN is 36AAGCC5338L1ZD (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Siva Krishna Vangala (Managing Director) and Divya Somarapu.
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 Plot No.56 H.No 1 – 101/8 Srinivasa Nilayam Harsha Chambers Sai Nagar Madhapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.64 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹27.45 Lakh (net margin -32.4%) and EBITDA of -₹18.91 Lakh (EBITDA margin -22.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 2% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Tickets99 and CoreVance.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website corevance.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.56 H.No 1 – 101/8 Srinivasa Nilayam Harsha Chambers Sai Nagar Madhapur, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Web Design & Maintenance 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
Associated Brands with Corevance Systems Private Limited
Corevance Systems operates two associated brands: Tickets99 and CoreVance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online event ticketing platform for sales tracking and attendee engagement. | tickets99.com | |
| IT services, software development, and HR solutions are provided by CoreVance. | corevance.com |
Competitors & Alternatives of Corevance Systems Private Limited
Brands and companies operating in the same space as Corevance Systems Private Limited include Eventbrite, Ticket Master, Paytm Insider and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Eventbrite | Platform for discovering and purchasing tickets for events | San Francisco, United States | 2006 |
 Ticket Master | Events discovery and ticket booking platform | Los Angeles, United States | 1976 |
 Paytm Insider | Online ticketing for lifestyle events and concerts is facilitated. | Mumbai, India | 2008 |
 Localbells | Events and activities booking platform | Hyderabad, India | 2016 |
 EventsHigh | Events discovery and ticket booking platform | Bengaluru, India | 2013 |
 IndianStage | Online ticketing for performing arts events is facilitated by IndianStage. | Bengaluru, India | 2009 |
 Showwoo | Functions as an online ticketing platform for events. | Ghaziabad, India | 2017 |
 i2space | Offers comprehensive solutions for online ticketing marketplaces. | Hyderabad, India | 2010 |
Business Activity of Corevance Systems Private Limited
The main business activity of Corevance Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Corevance Systems Private Limited
Corevance Systems Private Limited is audited by SAIDULU DIDDI for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAIDULU DIDDI | 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 Corevance Systems Private Limited
Corevance Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siva Krishna Vangala Also directs: Elevents Metaestate Private Limited | Managing Director | 12 May 2021 | 5 Years 4 Months | Current |
| Divya Somarapu Also directs: Elevents Metaestate Private Limited | Director | 12 May 2021 | 5 Years 4 Months | Current |
Financials of Corevance Systems Private Limited FY 2024 filings available
Corevance Systems Private Limited reported revenue of ₹84.64 Lakh (down 67% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Corevance Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 67% fall in the latest year. EBITDA fell 342% 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 Corevance Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| EBITDA | -₹18.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹27.45 Lakh | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Corevance Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -32.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Corevance Systems are in the company report.
Financial statements from FY 2017
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 Corevance Systems 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 Corevance Systems Private Limited
Corevance Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Corevance Systems Private Limited
Corevance Systems Private Limited has a workforce of 15 employees as of Apr 09, 2024.
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 Corevance Systems Private Limited
Corevance Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCC5338L1ZD | Telangana | Active | 25 Sep 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 Corevance Systems 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 Corevance Systems 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 Corevance Systems 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 Corevance Systems 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 Corevance Systems Private Limited
Frequently Asked Questions about Corevance Systems Private Limited
Corevance Systems is an active private limited company based in Hyderabad, Telangana, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 04 July 2016 (10+ years old) and is registered under CIN U72900TG2016PTC110677.
Corevance Systems reported revenue of ₹84.64 Lakh for FY 2025 (down 67% YoY).
Corevance Systems has 2 current directors:
- Siva Krishna Vangala - Managing Director
- Divya Somarapu - Director
Corevance Systems reported a net loss of ₹27.45 Lakh (net margin -32.4%) and EBITDA of -₹18.91 Lakh (EBITDA margin -22.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Corevance Systems is -13% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Corevance Systems is 36AAGCC5338L1ZD, registered in Telangana.
The CIN (Corporate Identification Number) of Corevance Systems is U72900TG2016PTC110677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corevance Systems was incorporated on 04 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
Corevance Systems can be reached through the website corevance.com. Its registered office is in Hyderabad, Telangana, India.