Cotech Participant Systems Private Limited
About Cotech Participant Systems Private Limited
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Cotech Participant Systems Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Deltager A S (Cotech As) Norway. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2001FTC029318. Its GSTIN is 29AABCC6519L1ZC (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Cotech Software Private Limited. It is led by directors including Shine Kumhim Veettil and Frode Lervik.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.68 Lakh, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.1 Lakh (net margin 6.8%) and EBITDA of ₹4.28 Lakh (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressFlat No.402 A Block Lotus Ecstasy Aecs B Block Singasandra Near Aditya Kalyana Mantapa, Begur Po, Bengaluru, Karnataka, India – 560068
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business Activity of Cotech Participant Systems Private Limited
The main business activity of Cotech Participant Systems 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 | 62 | 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.
Financials of Cotech Participant Systems Private Limited FY 2024 filings available
Cotech Participant Systems Private Limited reported revenue of ₹45.68 Lakh (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Cotech Participant Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 3% growth in the latest year. EBITDA fell 2% 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 Cotech Participant Systems 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.1 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cotech Participant Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.8% | •••• | •••• | •••• | •••• |
| 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 Cotech Participant Systems 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.
Peer Comparison of Cotech Participant Systems Private Limited
Cotech Participant Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akshay Microprocessors Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Mergethought Technologies Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| L R Associates Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Ivssg Private Limited | •••• | •••• | •••• | •••• | - | Thane West, Maharashtra, India |
| Dcube Tech Ventures Private Limited | •••• | •••• | •••• | •••• | - | Mohali, Punjab, India |
| Cotech Participant Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Redxcel Solutions Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Heena Software Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Digiit Business Services Private Limited | •••• | •••• | •••• | •••• | 15 | Trichy, Tamil Nadu, India |
| Geosys IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Trivandrum, Kerala, India |
| Hypercube Analytics Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Cotech Participant Systems by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Cotech Participant Systems Private Limited
Cotech Participant Systems Private Limited is audited by BOLLURODI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BOLLURODI & ASSOCIATES | 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 Cotech Participant Systems Private Limited
Cotech Participant Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shine Kumhim Veettil | Director | 10 May 2005 | 21 Years 4 Months | Current |
| Frode Lervik | Director | 04 Sep 2019 | 7 Years 1 Months | Current |
| Addai Narasimha Shabaraya | Director | 30 Dec 2008 | 17 Years 9 Months | Current |
Ownership and Shareholding of Cotech Participant 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 Cotech Participant Systems Private Limited
Cotech Participant Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Cotech Participant Systems Private Limited
Employment history and EPFO contributions of people linked to Cotech Participant Systems.
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.
CIN History of Cotech Participant Systems Private Limited
Cotech Participant Systems has one previous CIN (Corporate Identification Number): U72200KA2001PTC029318. The current CIN is U72200KA2001FTC029318, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2001FTC029318 | Current |
| U72200KA2001PTC029318 | Previous |
Recent Activity on Cotech Participant Systems Private Limited
Cotech Participant Systems Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Frode Lervik ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Cotech Participant 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 Cotech Participant 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 Cotech Participant 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.
GST Compliance of Cotech Participant Systems Private Limited
Cotech Participant Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCC6519L1ZC | Karnataka | Active | 15 Dec 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.
MCA Filings & Documents of Cotech Participant 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.
Frequently Asked Questions about Cotech Participant Systems Private Limited
Cotech Participant Systems is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 July 2001 (25+ years old) and is registered under CIN U72200KA2001FTC029318.
Cotech Participant Systems reported revenue of ₹45.68 Lakh for FY 2025 (up 3% YoY).
Cotech Participant Systems has 3 current directors:
- Shine Kumhim Veettil - Director
- Frode Lervik - Director
- Addai Narasimha Shabaraya - Director
Cotech Participant Systems reported a net profit of ₹3.1 Lakh (net margin 6.8%) and EBITDA of ₹4.28 Lakh (EBITDA margin 9.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cotech Participant Systems is 8% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cotech Participant Systems is 29AABCC6519L1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Cotech Participant Systems is U72200KA2001FTC029318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cotech Participant Systems was incorporated on 26 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Cotech Participant Systems by revenue are Akshay Microprocessors Private Limited, Mergethought Technologies Private Limited, L R Associates Private Limited, Ivssg Private Limited, Dcube Tech Ventures Private Limited and 5 more, all in the Information Technology industry (Application Development).
Frode Lervik ceased to be Additional Director on 30 Sep 2019. Frode Lervik was appointed as Director on 04 Sep 2019. Nils Sydness ceased to be Director on 12 Apr 2018. Cotech Participant Systems has 6 board changes on record in total.
The registered office of Cotech Participant Systems is at Flat No.402 A Block Lotus Ecstasy Aecs B Block Singasandra Near Aditya Kalyana Mantapa, Begur Po, Bengaluru, Karnataka, India – 560068.