MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0013055
Covalense Technologies Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹57.1 Cr
▼ 14% YoY
Net profit · FY 2025
₹58.86 Lakh
Net margin 1%
EBITDA · FY 2025
₹3.61 Cr
EBITDA margin 6.3%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹3.71 Cr
Issued & subscribed
Open charges
₹18.85 Cr
Satisfied ₹9.69 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
384
Provident fund records
About Covalense Technologies Private Limited
Data last updated:
Covalense Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2006PTC049522. Its GSTIN is 36AACCC7902N1ZF (Telangana). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹3.71 Cr. It is led by directors Venkata Satyanarayana Peesapati (Managing Director) and Krishna Kumari Venkata Gopal Peesapati (Whole-Time Director).
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 Unit A 5th Floor Kapil Towers IT Park, Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.1 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹58.86 Lakh (net margin 1%) and EBITDA of ₹3.61 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 384 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Covalense Global and Covalense. As per MCA filings, the company has open charges of ₹18.85 Cr and satisfied charges of ₹9.69 Cr on record. The company has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹3.44 Cr; the latest was in March 2022. Its 6 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 3 smaller; the largest is Livevox Solutions Private Limited with revenue of ₹57.48 Cr.
Covalense Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0013055). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covalenseglobal.com.
Company details
CIN U72200TG2006PTC049522
Registration Number 049522
Incorporation Date 17 March 2006
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-02-0013055
CIN history
Covalense Technologies has one previous CIN (Corporate Identification Number): U72200AP2006PTC049522. The current CIN is U72200TG2006PTC049522, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2006PTC049522 | Current |
| U72200AP2006PTC049522 | Previous |
Key People
Venkata Satyanarayana Peesapati Managing Director Krishna Kumari Venkata Gopal Peesapati Whole-Time Director Recognitions & Rankings of Covalense Technologies
Contact details
Covalense Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is covalenseglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit A 5th Floor Kapil Towers IT Park Financial District Nanakramguda Gachib, Owli, Hyderabad, Telangana, India – 500032
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Covalense Technologies Private Limited, buy the company report.
Comprehensive company report
Covalense 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
Covalense Technologies operates two associated brands: Covalense Global and Covalense. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT services, digital transformation, AI, and cloud solutions. | covalenseglobal.com | |
| Provides IT consulting, cloud solutions, and enterprise software development. | covalense.com |
Business activity
The main business activity of Covalense Technologies 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 Technologies Private Limited, buy the company report.
Financials of Covalense Technologies Private Limited
FY 2025 filings availableCovalense Technologies Private Limited reported revenue of ₹57.1 Cr (down 14% YoY) for FY 2025.
Revenue · FY 2025
₹57.1 Cr ▼ 14%
Net profit · FY 2025
₹58.86 Lakh margin 1%
EBITDA · FY 2025
₹3.61 Cr margin 6.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 5%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▼ 15%
5 years · compounded
▲ 28%
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 12% 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 | ₹3.61 Cr | ||||
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| Net Profit (PAT) | ₹58.86 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Covalense Technologies Private Limited, buy the company report.
Board of directors of Covalense Technologies Private Limited
Covalense Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Kumari Venkata Gopal Peesapati Also directs: Intellitide Technologies India Private Limited | Whole-Time Director | 18 Aug 2006 | 20 Years 2 Months | Current |
| Venkata Satyanarayana Peesapati Also directs: Intellitide Technologies India Private Limited | Managing Director | 17 Mar 2006 | 20 Years 7 Months | Current |
Peer comparison
Covalense Technologies Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Livevox Solutions Private Limited | ₹57.48 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Axcend Automation and Software Solutions Private Limited | ₹57.42 Cr (FY 2025) | 14.0% | Bangalore, Karnataka, India | |||
| Itsource Technologies Limited | ₹57.23 Cr (FY 2022) | -10.0% | Mumbai, Maharashtra, India | |||
| Covalense Technologies Private Limitedthis company | ₹57.1 Cr (FY 2025) | ₹58.86 Lakh | 1% | -14.0% | 384 | Hyderabad, Telangana, India |
| Ray Business Technologies Private Limited | ₹57.05 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| RJT Compusolutions Private Limited | ₹57 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Capstech Network Private Limited | ₹56.27 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India |
To see the full peer comparison of Covalense Technologies Private Limited, buy the company report.
Auditor
Covalense Technologies Private Limited is audited by Y.S.N. Murty for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y.S.N. Murty | FY 2023 | 208642 |
Shareholding
The shareholding of Covalense Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Covalense Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.85 Cr
Satisfied charges
₹9.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2022 | 100651924 | Hdfc Bank Limited | ₹18.74 Cr | Open | |
| 31 May 2022 | 100759845 | Hdfc Bank Limited | ₹10.78 Lakh | Open | |
| 27 Apr 2017 | 100132238 | Others | ₹9.34 Cr | Satisfied | |
| 15 Jul 2011 | 10301487 | Citi Bank N.A. | ₹35 Lakh | Satisfied |
To see the full charge records of Covalense Technologies Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Covalense Technologies Private Limited has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹3.44 Cr; the latest was in March 2022.
Total deals
11
Secondary share transfers
8
Funding rounds
2
Rights issue
1
Disclosed funding
₹3.44 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 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 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.
Legal cases
No court or tribunal cases involving Covalense Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Covalense Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Covalense Technologies has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Covalense Technologies Private Limited has a workforce of 384 employees on its EPFO records as of Jul 06, 2024, across 1 active EPFO establishment.
Employee count
384
Active EPFO establishments
1
Employee growth
1.59%
GST
Covalense Technologies has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCC7902N1ZF | Telangana | Active | 01 Jul 2017 |
| 29AACCC7902N1ZA | Karnataka | Active | 01 Jul 2017 |
| 29AACCC7902N2Z9 | Karnataka | Active | 16 Oct 2017 |
To see the full GST registrations and return filing status of Covalense Technologies Private Limited, buy the company report.
Recent activity
Covalense Technologies Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Arunashree Anjana ceased to be Whole-Time Director on 05 Nov 2019.
Charges
A charge with Hdfc Bank Limited of Rs. 18.74 Cr registered on 28 Oct 2022 with Charge ID 100651924 was modified on 16 Dec 2025.
AGM
Covalense Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Covalense Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge registered on 27 Apr 2017 via Charge ID 100132238 with Others was fully satisfied on 15 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.74 Cr with Charge ID 100651924 was registered on 28 Oct 2022.
Charges
A charge with Others of Rs. 9.34 Cr registered on 27 Apr 2017 with Charge ID 100132238 was modified on 11 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100759845 was registered on 31 May 2022.
Ceased
Arunashree Anjana ceased to be Whole-Time Director.
Ceased
Sreenivas Venkata Satya Peesapati ceased to be Whole-Time Director.
Ceased
Srinivas Patri ceased to be Director.
Charges
A charge with Others amounted to Rs. 9.34 Cr with Charge ID 100132238 was registered on 27 Apr 2017.
Ceased
Krishna Kumari Venkata Gopal Peesapati ceased to be Director.
5 earlier events are in the company report.
News
Frequently asked questions
Covalense Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 March 2006 (20+ years old) and is registered under CIN U72200TG2006PTC049522.
Covalense Technologies has 2 current directors:
- Venkata Satyanarayana Peesapati - Managing Director
- Krishna Kumari Venkata Gopal Peesapati - Whole-Time Director
The latest financial statements of Covalense 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 Covalense Technologies is 36AACCC7902N1ZF, registered in Telangana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCC7902N1ZA (Karnataka), 29AACCC7902N2Z9 (Karnataka).
The CIN (Corporate Identification Number) of Covalense Technologies is U72200TG2006PTC049522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covalense Technologies was incorporated on 17 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Hyderabad.
Covalense Technologies has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹3.44 Cr; the latest was in March 2022.
The peers of Covalense Technologies by revenue are Livevox Solutions Private Limited, Axcend Automation and Software Solutions Private Limited, Itsource Technologies Limited, Ray Business Technologies Private Limited, RJT Compusolutions Private Limited and 1 more, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Arunashree Anjana ceased to be Whole-Time Director on 05 Nov 2019. Sreenivas Venkata Satya Peesapati ceased to be Whole-Time Director on 05 Nov 2019. Srinivas Patri ceased to be Director on 04 Apr 2019. Covalense Technologies has 6 board changes on record in total.
Yes, Covalense Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0013055).
Covalense Technologies can be reached through the website covalenseglobal.com. Its registered office is in Hyderabad, Telangana, India.