About Covalense Digital Solutions Private Limited
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Covalense Digital Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 12 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC170059. Its GSTIN is 29AAHCC4541Q1Z2 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹28.55 Cr and a paid-up capital of ₹27.62 Cr. It is led by directors including Sreenivas Venkata Satya Peesapati (Managing Director) and Arunashree Anjana (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹131.61 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.98 Cr (net margin 1.5%) and EBITDA of ₹11.65 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 16% over five years.
The company has about 546 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Covalense and Covalensedigital. As per MCA filings, the company has open charges of ₹31.14 Cr and satisfied charges of ₹10.5 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹64.75 Cr; the latest was in October 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covalensedigital.com.
Company details
CIN history
Covalense Digital Solutions has one previous CIN (Corporate Identification Number): U72900TG2018PTC122880. The current CIN is U72900KA2018PTC170059, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2018PTC170059 | Current |
| U72900TG2018PTC122880 | Previous |
Contact details
Covalense Digital Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is covalensedigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVenus Building Ground Floor No.1/2 Kalyanmantapa Road 3rd Main Jakkasandra Koramangala, 1st Block, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, SaaS (Software as a Service) Providers
To see the full contact details of Covalense Digital Solutions Private Limited, buy the company report.
- 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
Brands
Covalense Digital Solutions operates two associated brands: Covalense and Covalensedigital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT consulting, cloud solutions, and enterprise software development. | covalense.com | |
| IT services suite solutions are provided globally from India. | covalensedigital.com |
Business activity
The main business activity of Covalense Digital Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Covalense Digital Solutions Private Limited, buy the company report.
Financials of Covalense Digital Solutions Private Limited
FY 2025 filings availableCovalense Digital Solutions Private Limited reported revenue of ₹131.61 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 21% growth in the latest year. EBITDA rose 62% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹11.65 Cr | ||||
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| Net Profit (PAT) | ₹1.98 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Covalense Digital Solutions Private Limited, buy the company report.
Board of directors of Covalense Digital Solutions Private Limited
Covalense Digital Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arunashree Anjana Also directs: Chrysalisgold Technologies Private Limited | Whole-Time Director | 19 Nov 2019 | 6 Years 11 Months | Current |
| Chintan Kaushik Gandhi Also directs: Pantherun Technologies Private Limited, Serosoft Solutions Private Limited, Otpless Solutions Private Limited and 2 more | Nominee Director | 22 Nov 2024 | 1 Years 11 Months | Current |
| Sreenivas Venkata Satya Peesapati Also directs: Chrysalisgold Technologies Private Limited | Managing Director | 23 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Covalense Digital Solutions Private Limited is audited by MSKA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Covalense Digital Solutions 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Covalense Digital Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2024 | 100973815 | Hdfc Bank Limited | ₹22.16 Lakh | Open | |
| 31 Dec 2023 | 100853018 | Hdfc Bank Limited | ₹1.13 Cr | Open | |
| 29 Dec 2023 | 100852973 | Hdfc Bank Limited | ₹75 Lakh | Open | |
| 28 Nov 2022 | 100658300 | Hdfc Bank Limited | ₹29.04 Cr | Open | |
| 10 Feb 2022 | 100551852 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Covalense Digital Solutions Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Covalense Digital Solutions Private Limited has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹64.75 Cr; the latest was in October 2022.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Funding round | ₹2 Cr | Investors: an individual |
| Jul 2022 | Funding round · Series B | ₹20 Cr | Investors: SIDBI Ventures |
| Sep 2021 | Rights issue | ₹23.6 Lakh | Investors: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Covalense Digital Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Covalense Digital Solutions Private Limited has 2 court cases on record: 1 filed by Covalense Digital Solutions, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Interim or miscellaneous application | Filed against the company by M/S. Vishranth and Karthik | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against M/S Vishranth and Karthik | Disposed |
To see the full case history of Covalense Digital Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Covalense Digital Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Covalense Digital Solutions has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Covalense Digital Solutions Private Limited has a workforce of 546 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Covalense Digital Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC4541Q1Z2 | Karnataka | Active | 31 Aug 2019 |
| 37AAHCC4541Q1Z5 | Andhra Pradesh | Active | 23 May 2023 |
| 27AAHCC4541Q1Z6 | Maharashtra | Active | 20 Feb 2025 |
To see the full GST registrations and return filing status of Covalense Digital Solutions Private Limited, buy the company report.
Recent activity
Covalense Digital Solutions Private Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Chintan Kaushik Gandhi was appointed as Nominee Director on 22 Nov 2024.
8 earlier events are in the company report.
News
Frequently asked questions
Covalense Digital Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 12 March 2018 (8+ years old) and is registered under CIN U72900KA2018PTC170059.
Covalense Digital Solutions has 3 current directors:
- Sreenivas Venkata Satya Peesapati - Managing Director
- Arunashree Anjana - Whole-Time Director
- Chintan Kaushik Gandhi - Nominee Director
The latest financial statements of Covalense Digital Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Covalense Digital Solutions is 29AAHCC4541Q1Z2, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 37AAHCC4541Q1Z5 (Andhra Pradesh), 27AAHCC4541Q1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Covalense Digital Solutions is U72900KA2018PTC170059. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covalense Digital Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Covalense Digital Solutions was incorporated on 12 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Covalense Digital Solutions has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹64.75 Cr; the latest was in October 2022.
Chintan Kaushik Gandhi was appointed as Nominee Director on 22 Nov 2024. Debraj Banerjee ceased to be Nominee Director on 22 Nov 2024. Srinivas Ponnaganti ceased to be Director on 20 Dec 2023. Covalense Digital Solutions has 7 board changes on record in total.
Covalense Digital Solutions can be reached through the website covalensedigital.com. Its registered office is in Bangalore, Karnataka, India.