About Covalsysoft Solutions Private Limited
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Covalsysoft Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 06 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC114543. Its GSTIN is 29AAHCC6551E1ZL (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Nanthakumar Adhimoolam and Perumal Adhimoolam.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 219 7th A Main Hrbr Layout 1st Block, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.77 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹22.47 Lakh (net margin 6%) and EBITDA of ₹24.06 Lakh (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 22% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Covalsys. As per MCA filings, the company has open charges of ₹27.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covalsys.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 219 7th A Main Hrbr Layout 1st Block, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, Enterprise Resource Planning (ERP) Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Covalsysoft Solutions Private Limited
The main business activity of Covalsysoft Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Covalsysoft Solutions Private Limited FY 2024 filings available
Covalsysoft Solutions Private Limited reported revenue of ₹3.77 Cr (up 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Covalsysoft Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 47% growth in the latest year. EBITDA fell 44% 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 of Covalsysoft Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹24.06 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹22.47 Lakh | •••• | •••• | •••• | •••• |
| 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 of Covalsysoft Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Covalsysoft Solutions are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Covalsysoft Solutions Private Limited
Covalsysoft Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Enterprise Resource Planning). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| O2b Technologies Private Limited | ₹3.92 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Omniscient Services Private Limited | ₹3.91 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Pune, Maharashtra, India |
| Harness Digitech Private Limited | ₹3.9 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Coimbatore, Tamil Nadu, India |
| Techsync Innovations Private Limited | ₹3.86 Cr (FY 2025) | •••• | •••• | 6306.0% | •••• | Nagpur, Maharashtra, India |
| Software Associates Information Technologies Private Limited | ₹3.82 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kozhikode, Kerala, India |
| Covalsysoft Solutions Private Limited this company | ₹3.77 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| C-Suite Erp Private Limited | ₹3.74 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Ahmedabad, Gujarat, India |
| MCRT Software India Private Limited | ₹3.71 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Itoss Solutions (I) Private Limited | ₹3.66 Cr (FY 2025) | •••• | •••• | -70.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| SGP Software Solutions Private Limited | ₹3.63 Cr (FY 2019) | •••• | •••• | -31.0% | •••• | Bangalore, Karnataka, India |
| Nixcel Software Solutions Private Limited | ₹3.6 Cr (FY 2023) | •••• | •••• | 108.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Covalsysoft Solutions by revenue in the Information Technology industry (Enterprise Resource Planning), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Covalsysoft Solutions Private Limited
Covalsysoft Solutions Private Limited is audited by K Rao & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K Rao & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Covalsysoft Solutions Private Limited
Covalsysoft Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nanthakumar Adhimoolam | Director | 06 Jul 2018 | 8 Years 3 Months | Current |
| Perumal Adhimoolam | Director | 06 Jul 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Covalsysoft Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Covalsysoft Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2025 | Others | ₹27.5 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Covalsysoft Solutions Private Limited
Covalsysoft Solutions operates one associated brand: Covalsys. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology solutions and services for mining, manufacturing, and other industries. | covalsys.com |
Employees and EPFO Compliance at Covalsysoft Solutions Private Limited
Covalsysoft Solutions Private Limited has a workforce of 8 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Covalsysoft Solutions Private Limited
Covalsysoft Solutions Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Aarthi ceased to be Additional Director on 30 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for Covalsysoft Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Covalsysoft Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Covalsysoft Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Covalsysoft Solutions Private Limited
Covalsysoft Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC6551E1ZL | Karnataka | Active | 17 Aug 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Covalsysoft Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Covalsysoft Solutions Private Limited
Covalsysoft Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 06 July 2018 (8+ years old) and is registered under CIN U72900KA2018PTC114543.
Covalsysoft Solutions reported revenue of ₹3.77 Cr for FY 2024 (up 47% YoY).
Covalsysoft Solutions has 2 current directors:
- Nanthakumar Adhimoolam - Director
- Perumal Adhimoolam - Director
Covalsysoft Solutions reported a net profit of ₹22.47 Lakh (net margin 6%) and EBITDA of ₹24.06 Lakh (EBITDA margin 6.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Covalsysoft Solutions is 39% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Covalsysoft Solutions is 29AAHCC6551E1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Covalsysoft Solutions is U72900KA2018PTC114543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covalsysoft Solutions was incorporated on 06 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Covalsysoft Solutions by revenue are O2b Technologies Private Limited, Omniscient Services Private Limited, Harness Digitech Private Limited, Techsync Innovations Private Limited, Software Associates Information Technologies Private Limited and 5 more, all in the Information Technology industry (Enterprise Resource Planning).
Aarthi ceased to be Additional Director on 30 Nov 2021. Janardhan Janaki Ram Gidijala ceased to be Director on 27 Sep 2021. Nanthakumar Adhimoolam was appointed as Director on 06 Jul 2018. Covalsysoft Solutions has 4 board changes on record in total.
Covalsysoft Solutions can be reached through the website covalsys.com. Its registered office is in Bangalore, Karnataka, India.