Covacsis Technologies Private Limited

Covacsis Technologies Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72200MH2003PTC142623 Incorporated 10 October 2003 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company information technology MSME · Micro
Revenue · FY 2025
₹8.06 Cr
▲ 53% YoY
Net loss · FY 2025
₹2.8 Cr
Net margin -34.7%
EBITDA · FY 2025
-₹88.16 Lakh
EBITDA margin -10.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹25.99 Lakh
Issued & subscribed
Open charges
₹1 Cr
Satisfied ₹3.4 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
24
Provident fund records

About Covacsis Technologies Private Limited

Data last updated:

Covacsis Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 10 October 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2003PTC142623. Its GSTIN is 27AADCC9263D1ZO (Maharashtra).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹25.99 Lakh. It was formerly known as Slm Infotech Private Limited. It is led by directors including Tarun Kumar Mishra (Whole-Time Director) and Raunak Dhananjay Bhinge.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹8.06 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net loss of ₹2.8 Cr (net margin -34.7%) and EBITDA of -₹88.16 Lakh (EBITDA margin -10.9%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 15% over five years.

The company has about 24 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Covacsis. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹3.4 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.52 Cr; the latest was in February 2023. The company has 18 MSME Form 1 returns on record between 2017 and 2024, listing 266 overdue payments to 31 micro and small suppliers.

Covacsis Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0036843). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covacsis.com.

Company details

CIN U72200MH2003PTC142623
Registration Number 142623
Incorporation Date 10 October 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0036843
Key People
Tarun Kumar Mishra Whole-Time Director Raunak Dhananjay Bhinge Additional Director Tamvada Jagannatha Haritash Additional Director

Recognitions & Rankings of Covacsis Technologies

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-18-0036843

Contact details

Covacsis Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is covacsis.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    covacsis.com
  • Social Media
  • Registered Address
    Office No.301 3rd Floor El – Tara Building C.T.S 22 23 12/1 Off Orchard Avenue Hiranandani G, Ardenpowai, Mumbai, Maharashtra, India – 400076
  • Industry
    Information Technology, Database Management & Solutions

To see the full contact details of Covacsis Technologies Private Limited, buy the company report.

Comprehensive company report
Covacsis Technologies Private Limited - one report that includes everything
  • 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
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Brands

Covacsis Technologies operates one associated brand: Covacsis. Each brand links to its own profile.

BrandDescriptionWebsite
Covacsis
Manufacturing plant data is transformed and analyzed via IoT platform.covacsis.com

Business activity

The main business activity of Covacsis Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Covacsis Technologies Private Limited, buy the company report.

Financials of Covacsis Technologies Private Limited

FY 2025 filings available

Covacsis Technologies Private Limited reported revenue of ₹8.06 Cr (up 53% YoY) for FY 2025.

Revenue · FY 2025
₹8.06 Cr ▲ 53%
Net loss · FY 2025
₹2.8 Cr margin -34.7%
EBITDA · FY 2025
-₹88.16 Lakh margin -10.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 29%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 20%
5 years · compounded
▼ 22%

Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 53% growth in the latest year. EBITDA rose 26% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹88.16 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.8 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-10.9%
Net Profit Margin-34.7%
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

To see the full financial statements and ratios of Covacsis Technologies Private Limited, buy the company report.

Board of directors of Covacsis Technologies Private Limited

Covacsis Technologies has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Raunak Dhananjay Bhinge
Also directs: Forgemax Auto Components Private Limited, Atomic Fusion Technologies Private Limited, Infinite Uptime India Private Limited
Additional Director04 Apr 20251 Years 7 MonthsCurrent
Tamvada Jagannatha HaritashAdditional Director09 Jul 20251 Years 4 MonthsCurrent
Tarun Kumar Mishra
Also directs: Ell Learning Labs Private Limited, Opexas Analytics Private Limited, Sphere Music Labs Private Limited
Whole-Time Director10 Oct 200323 Years 1 MonthsCurrent
View all directors

Auditor

Covacsis Technologies Private Limited is audited by suresh surana & associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
suresh surana & associates LLPFY 2023121750W/W100010

Shareholding

The shareholding of Covacsis Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Covacsis Technologies Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1 Cr
Satisfied charges
₹3.4 Cr
Breakdown by lending institutions
Others₹2.15 Cr
Dena Bank₹1.00 Cr
State Bank of India₹0.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Jan 2024100853981Others₹25 LakhSatisfied
28 Jun 2023100748462Others₹1 CrSatisfied
09 Jun 2023100734212Others₹30 LakhSatisfied
28 Apr 2023100729581Others₹60 LakhSatisfied
22 Jun 2016100035761Dena Bank₹1 CrSatisfied

To see the full charge records of Covacsis Technologies Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Covacsis Technologies Private Limited has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.52 Cr; the latest was in February 2023.

Total deals
11
Secondary share transfers
6
Funding rounds
5
Disclosed funding
₹26.52 Cr

Deals on record (5 of 11)

WhenDealAmountParties
Feb 2023Funding round₹18 LakhInvestors: an individual
Aug 2022Funding round · Series C₹10 CrInvestors: Thermax Limited.
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2022Secondary share transferUndisclosedBuyer: 2 individuals
Seller: JioGenNext, Blume Ventures, an individual
Jun 2013Funding round · Series A₹80 LakhInvestors: Blume Ventures, India Venture Partners, an individual

To see the full deal history of Covacsis Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Covacsis Technologies Private Limited has 18 MSME Form 1 returns on record between 2017 and 2024, listing 266 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 31)

SupplierAmount dueDue sinceReported on
L K Nakashe Consultants Private Limited
Netzary Infodynamics
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Covacsis Technologies Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Covacsis Technologies Private Limited has a workforce of 24 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
24
Active EPFO establishments
1
Employee growth
-27.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2724
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18

To see the full employee and EPFO history of Covacsis Technologies Private Limited, buy the company report.

GST

Covacsis Technologies has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCC9263D1ZOMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Covacsis Technologies Private Limited, buy the company report.

Recent activity

Covacsis Technologies Private Limited has 12 board changes on record since 2003: 4 appointments and 8 cessations. The latest: Tamvada Jagannatha Haritash was appointed as Additional Director on 09 Jul 2025.

AGM
Covacsis Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 22 Jun 2016 via Charge ID 100035761 with Dena Bank was fully satisfied on 15 Jul 2025.
Appointed
Tamvada Jagannatha Haritash was appointed as Additional Director.
Appointed
Raunak Dhananjay Bhinge was appointed as Additional Director.
Filing
Covacsis Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 06 Jan 2024 via Charge ID 100853981 with Others was fully satisfied on 30 Mar 2024.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100853981 was registered on 06 Jan 2024.
Charges
A charge registered on 28 Jun 2023 via Charge ID 100748462 with Others was fully satisfied on 28 Sep 2023.
Charges
A charge registered on 09 Jun 2023 via Charge ID 100734212 with Others was fully satisfied on 28 Sep 2023.
Charges
A charge registered on 28 Apr 2023 via Charge ID 100729581 with Others was fully satisfied on 28 Sep 2023.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100748462 was registered on 28 Jun 2023.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100734212 was registered on 09 Jun 2023.

15 earlier events are in the company report.

News

Frequently asked questions

Covacsis Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 10 October 2003 (23+ years old) and is registered under CIN U72200MH2003PTC142623.

Covacsis Technologies has 3 current directors:

The latest financial statements of Covacsis Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Covacsis Technologies is 27AADCC9263D1ZO, registered in Maharashtra.

The CIN (Corporate Identification Number) of Covacsis Technologies is U72200MH2003PTC142623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Covacsis Technologies has 1 court case on record: 1 filed against it. 1 is pending.

Covacsis Technologies was incorporated on 10 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.

Covacsis Technologies has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.52 Cr; the latest was in February 2023.

Tamvada Jagannatha Haritash was appointed as Additional Director on 09 Jul 2025. Raunak Dhananjay Bhinge was appointed as Additional Director on 04 Apr 2025. Abhijeet Dattakumar Mhatre ceased to be Whole-Time Director on 03 Mar 2022. Covacsis Technologies has 12 board changes on record in total.

Yes, Covacsis Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0036843).

Covacsis Technologies has 18 MSME Form 1 returns on record between 2017 and 2024, listing 266 overdue payments to 31 micro and small suppliers. The latest return was filed on 27 May 2024.