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: January 11, 2026

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 ₹31.14 Cr open charges and ₹10.50 Cr settled loans. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. 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 Metrics

Authorised Capital ₹ 28.55 Cr as on 11-01-2026
Paid Up Capital ₹ 27.62 Cr as on 11-01-2026
Company Age 7 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 31.14 Cr as on 11-01-2026
Satisfied Charges ₹ 10.50 Cr as on 11-01-2026
Revenue Growth **** 38.34% (FY 2023)
Profit Growth **** -383.79% (FY 2023)
Ebitda **** -85.82% (FY 2023)
Net Worth 132.02% (FY 2023)
Total Assets **** 78.74% (FY 2023)

Comprehensive Company Insights

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

Name	Designation	Appointment Date	Status
Arunashree Anjana	Whole-Time Director	19 Nov 2019	Current
Chintan Kaushik Gandhi	Nominee Director	22 Nov 2024	Current
Sreenivas Venkata Satya Peesapati	Managing Director	23 Jan 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	17 Apr 2023	Past
Pramod Abcsdd	Director	20 Dec 2023	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Nominee Director	22 Nov 2024	Past
Pramod Abcsdd	Cfo	-	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%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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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%

*******

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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 Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹311,428,069.00

Satisfied Charges

₹105,000,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 31.14 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Aug 2024	Hdfc Bank Limited	₹2.22 M	Open
31 Dec 2023	Hdfc Bank Limited	₹1.13 Cr	Open
29 Dec 2023	Hdfc Bank Limited	₹7.50 M	Open
28 Nov 2022	Hdfc Bank Limited	₹29.04 Cr	Open
10 Feb 2022	Others	₹1.50 Cr	Satisfied

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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 Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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

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Alerts

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.

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Latest Updates, News, and FAQs on Covalense Digital Solutions

Recent Activity within the Organization

Charges

Progress on A charge with Hdfc Bank Limited of Rs. 29.04 Cr registered on 28 Nov 2022 with Charge ID 100658300 was modified on 01 Dec 2025. was documented.
01 Dec 2025
Annual General Meeting

The activity Covalense Digital Solutions Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was completed.
24 Sep 2025
Balance Sheet

Progress on Covalense Digital Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was documented.
31 Mar 2025
Director Appointment

Progress on 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 2 months . was documented.
22 Nov 2024
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.
30 Aug 2024
Director Appointment

Progress on 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 7 months . was documented.
01 Jul 2024

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