Covalense Digital Solutions Private Limited Company Logo

Covalense Digital Solutions Private Limited - Company Profile

It is a information technology private limited company based in Bangalore, Karnataka, India, established in 2018.

2018 | Bangalore, Karnataka, India | Active
Last Updated:

About Covalense Digital Solutions Private Limited

Covalense Digital Solutions Private Limited, a active private limited company, was established on 12 March 2018 in Bangalore, Karnataka, India. Engaging in saas (software as a service) providers within the information and communication sector, it holds CIN: U72900KA2018PTC170059. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹28.55 Cr and a paid-up capital of ₹27.62 Cr.

It upholds a compliant status. Employing 546 professional, Its leadership includes Arunashree Anjana (Whole-Time Director), Chintan Kaushik Gandhi (Nominee Director), Sreenivas Venkata Satya Peesapati (Managing Director). Past directors included Sajit Kumar, Srinivas Ponnaganti, Richa Bhadada. It holds ₹28.14 Cr open charges and ₹10.50 Cr settled loans. Its latest AGM occurred on 23 September 2024, with the balance sheet filed on 31 March 2024. It is based at Venus Building, Ground Floor, No.1/2 Kalyanmantapa Road, 3Rd Main, Jakkasandra Koramangala,, 1St Block, Bangalore, Karnataka, 560034.

Company Details

  • CIN/LLPIN

    U72900KA2018PTC170059

  • Registration Number

    170059

  • Incorporation Date

    12 March 2018

  • Authorized Capital

    ₹28.55 Cr

  • Paid-Up Capital

    ₹27.62 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 28.55 Cr
  • Paid Up Capital ₹ 27.62 Cr
  • Company Age 7 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 28.14 Cr
  • Satisfied Charges ₹ 10.50 Cr
  • Revenue Growth 38.34%
  • Profit Growth -383.79%
  • Ebitda -85.82%
  • Net Worth 132.02%
  • Total Assets 78.74%
Company report

Covalense Digital Solutions Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Covalense Digital Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Covalense Digital Solutions Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Arunashree AnjanaWhole-Time Director19 Nov 2019Current
Chintan Kaushik GandhiNominee Director22 Nov 2024Current
Sreenivas Venkata Satya PeesapatiManaging Director23 Jan 2021Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddNominee Director17 Apr 2023Past
Pramod AbcsddDirector20 Dec 2023Past
Pramod AbcsddCompany Secretary-Past
Pramod AbcsddNominee Director22 Nov 2024Past
Pramod AbcsddCfo-Past

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Financial Performance of Covalense Digital Solutions.

Covalense Digital Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.34% increase. The company also saw a substantial fall in profitability, with a 383.79% decrease in profit. The company's net worth Soared by an impressive increase of 132.02%.

Covalense Digital Solutions revenue growth over time
Covalense Digital Solutions 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
38.34%
Revenue from Operations
36.25%
Total Assets
78.74%
Profit or Loss
-383.79%
Net Worth
132.02%
EBITDA
-85.82%

What is the Ownership and Shareholding Structure of Covalense Digital Solutions?

In 2023, Covalense Digital Solutions had a promoter holding of 57.54% and a public holding of 42.46%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹281,428,069.00

Satisfied Charges

₹105,000,000.00

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 28.14 Cr

Latest Charge Details

DateLenderAmountStatus
30 Aug 2024Hdfc Bank Limited₹2.22 MOpen
31 Dec 2023Hdfc Bank Limited₹1.13 CrOpen
29 Dec 2023Hdfc Bank Limited₹7.50 MOpen
28 Nov 2022Hdfc Bank Limited₹26.04 CrOpen
10 Feb 2022Others₹1.50 CrSatisfied

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How Many Employees Work at Covalense Digital Solutions?

Covalense Digital Solutions has a workforce of 546 employees as of Mar 29, 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 Covalense Digital Solutions Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covalense Digital Solutions, 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 Covalense Digital Solutions'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 Covalense Digital Solutions

Recent Activity within the Organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 26.04 Cr registered on 28 Nov 2022 with Charge ID 100658300 was modified on 29 Apr 2025. was recorded as a recent event.

  • Director Appointment

    Chintan Kaushik Gandhi was appointed as a Nominee Director was appointed as a Nominee Director on 22 Nov 2024 & has been associated with this company since 1 year 30 days . was recorded as a recent event.

  • Annual General Meeting

    Covalense Digital Solutions Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 100973815 was registered on 30 Aug 2024. was completed.

  • Director Appointment

    Sadananda Hitesh was appointed as a Company Secretary was appointed as a Company Secretary on 01 Jul 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.

  • Balance Sheet

    The activity Covalense Digital Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was completed.

Frequently Asked Questions

  • What is the CIN of Covalense Digital Solutions Private Limited?

    The CIN of Covalense Digital Solutions Private Limited is U72900KA2018PTC170059.

  • Where is Covalense Digital Solutions Private Limited headquartered?

    Covalense Digital Solutions Private Limited is headquartered at Venus Building, Ground Floor, No.1/2 Kalyanmantapa Road, 3Rd Main, Jakkasandra Koramangala,, 1St Block, Bangalore, Karnataka, 560034.

  • When was Covalense Digital Solutions Private Limited incorporated?

    Covalense Digital Solutions Private Limited was incorporated on 12 March 2018.

  • Who are the current directors of Covalense Digital Solutions Private Limited?

    The current directors of Covalense Digital Solutions Private Limited are

  • What is the primary industry of Covalense Digital Solutions Private Limited?

    The primary industry of Covalense Digital Solutions Private Limited is Information And Communication.

  • Is Covalense Digital Solutions Private Limited a listed company?

    Covalense Digital Solutions Private Limited is unlisted.

  • What is the capital structure of Covalense Digital Solutions Private Limited?

    The authorized capital of Covalense Digital Solutions Private Limited is ₹28.55 Cr, and the paid-up capital is ₹27.62 Cr.

  • What is the compliance status of Covalense Digital Solutions Private Limited?

    The compliance status of Covalense Digital Solutions Private Limited is Compliant.

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