About Covance Softsol Limited
Data last updated:
Covance Softsol Limited is a public limited company based in Hyderabad, Telangana, India. It was incorporated on 11 August 2023.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L62011TS2023PLC175979. It is a listed company as per MCA records. Its shares are listed on BSE: 544361.
The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹22.15 Cr. It is led by directors including Srinivasa Rao Madala (Managing Director) and Aravind Kumar Madala.
Its last annual general meeting (AGM) was held on 26 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Hyderabad, Telangana.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹145.96 Cr, a growth of 43.5% compared to the previous year. For the same year it recorded a net profit of ₹34.38 Cr (net margin 23.6%) and EBITDA of ₹41.9 Cr (EBITDA margin 28.7%). The net worth stands at ₹168.67 Cr (up 84.9% YoY). Total assets are valued at ₹251.72 Cr (up 48.9% YoY).
The company is associated with 2 brands: Covance Softsol and SoftSol. Court records list 2 cases involving the company, including 2 filed by the company.
For more details, the company can be reached via its website softsol.com.
Company details
CIN history
Covance Softsol has one previous CIN (Corporate Identification Number): U62011TS2023PLC175979. The current CIN is L62011TS2023PLC175979, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L62011TS2023PLC175979 | Current |
| U62011TS2023PLC175979 | Previous |
Contact details
Covance Softsol Limited's registered office is in Hyderabad, Telangana.
- Social Media
- Registered AddressPlot No. 4, Software Units Layout, Hyderabad, Telangana, India – 500081
- 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
Covance Softsol operates two associated brands: Covance Softsol and SoftSol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT solutions for data, business processes, and enterprise applications using advanced technologies. | covance.ai | |
| Big data and IT services are delivered to enterprise clients. | softsol.com |
Business activity
The main business activity of Covance Softsol 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 | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Covance Softsol Limited, buy the company report.
Financials of Covance Softsol Limited
FY 2025-26 filings availableCovance Softsol Limited reported revenue of ₹145.96 Cr (up 43.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 146 | 102 | 61.17 |
| Revenue growth | +43.5% | +66.3% | - |
| EBITDA | 41.90 | 11.96 | 0.93 |
| EBITDA margin | +28.7% | +11.8% | +1.5% |
| Profit before tax | 46.50 | 16.44 | 2.42 |
| Net profit | 34.38 | 5.14 | (4.89) |
| Net profit margin | +23.6% | +5.1% | -8.0% |
| EPS (₹) | 18.46 | 8.21 | 0.85 |
| Balance sheet | |||
| Total assets | 252 | 169 | 151 |
| Net worth | 169 | 91.22 | 73.46 |
| Total debt | 75.78 | 72.92 | 72.92 |
| Cash & bank | 9.56 | 4.28 | 3.92 |
| Net working capital | 17.66 | (2.36) | 7.57 |
| Cash flow | |||
| Cash from operations | 3.91 | 18.43 | (10.44) |
| Cash from investing | (8.88) | (9.45) | 0.97 |
| Cash from financing | 10.24 | (8.62) | 0.13 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.10 | 29.27 | 42.69 | 36.83 | 33.17 | 33.28 | 24.19 | 34.10 |
| Revenue growth (YoY) | -15.3% | -12.1% | +76.5% | +8.0% | +65.1% | +42.7% | - | - |
| Other income | 7.05 | 11.88 | 3.23 | 4.31 | 2.69 | 0.56 | 1.25 | 3.49 |
| EBITDA | 3.92 | 5.13 | 9.86 | 12.28 | 8.53 | 11.23 | 0.83 | 1.10 |
| EBITDA margin | +14.0% | +17.5% | +23.1% | +33.3% | +25.7% | +33.7% | +3.4% | +3.2% |
| Depreciation | 0.01 | 0.01 | 0.33 | 0.04 | 0.04 | 0.03 | 0.28 | 0.08 |
| Interest | 1.66 | 0.83 | 1.93 | 1.10 | 1.40 | 1.32 | 1.55 | 1.85 |
| Profit before tax | 9.30 | 16.17 | 10.83 | 15.45 | 9.78 | 10.44 | 0.25 | 2.66 |
| Tax | 2.43 | 3.51 | 4.52 | 2.84 | 2.11 | 2.65 | 2.16 | 1.72 |
| Net profit | 6.87 | 12.66 | 6.31 | 12.61 | 7.67 | 7.79 | (1.91) | 0.94 |
| EPS (₹) | 3.10 | 5.71 | 2.85 | 5.70 | 4.96 | 5.27 | (1.30) | 0.63 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 79.68 | 28.37 | 11.05 |
| Revenue growth | +180.9% | +156.7% | - |
| EBITDA | 38.18 | 10.88 | (1.97) |
| EBITDA margin | +47.9% | +38.4% | -17.8% |
| Profit before tax | 42.54 | 12.99 | 1.07 |
| Net profit | 31.70 | 8.44 | (2.05) |
| Net profit margin | +39.8% | +29.8% | -18.6% |
| EPS (₹) | 17.02 | 6.94 | 0.39 |
| Balance sheet | |||
| Total assets | 200 | 164 | 117 |
| Net worth | 158 | 76.41 | 40.19 |
| Total debt | 34.60 | 72.92 | 72.92 |
| Cash & bank | 2.96 | 0.24 | 0.17 |
| Net working capital | 21.78 | 16.96 | 7.11 |
| Cash flow | |||
| Cash from operations | 23.10 | (5.81) | (8.18) |
| Cash from investing | 10.56 | 5.88 | 4.33 |
| Cash from financing | (30.93) | 0.00 | 0.01 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.97 | 11.84 | 24.35 | 20.71 | 17.22 | 17.40 | 9.25 | 11.95 |
| Revenue growth (YoY) | -36.3% | -32.0% | +163.2% | +73.3% | +271.9% | +585.0% | - | - |
| Other income | 4.29 | 5.17 | 1.43 | 1.97 | 2.61 | 1.56 | 0.45 | 2.44 |
| Total expenses | 7.23 | 8.28 | 15.78 | 9.79 | 8.93 | 7.00 | 4.26 | 6.36 |
| EBITDA | 3.74 | 3.56 | 8.57 | 10.92 | 8.29 | 10.40 | 4.99 | 5.59 |
| EBITDA margin | +34.1% | +30.1% | +35.2% | +52.7% | +48.1% | +59.8% | +53.9% | +46.8% |
| Depreciation | 0.01 | 0.01 | 0.03 | 0.04 | 0.04 | 0.03 | 0.07 | 0.08 |
| Interest | 0.16 | 0.35 | 0.40 | 0.69 | 0.99 | 0.99 | 1.00 | 1.07 |
| Profit before tax | 7.86 | 8.37 | 9.57 | 12.16 | 9.87 | 10.94 | 4.37 | 6.88 |
| Tax | 1.98 | 2.10 | 3.24 | 2.84 | 2.11 | 2.65 | 0.58 | 1.72 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.10 | 29.27 | 42.69 | 36.83 | 33.17 | 33.28 | 24.19 | 34.10 |
| Revenue growth (YoY) | -15.3% | -12.1% | +76.5% | +8.0% | +65.1% | +42.7% | - | - |
| Other income | 7.05 | 11.88 | 3.23 | 4.31 | 2.69 | 0.56 | 1.25 | 3.49 |
| EBITDA | 3.92 | 5.13 | 9.86 | 12.28 | 8.53 | 11.23 | 0.83 | 1.10 |
| EBITDA margin | +14.0% | +17.5% | +23.1% | +33.3% | +25.7% | +33.7% | +3.4% | +3.2% |
| Depreciation | 0.01 | 0.01 | 0.33 | 0.04 | 0.04 | 0.03 | 0.28 | 0.08 |
| Interest | 1.66 | 0.83 | 1.93 | 1.10 | 1.40 | 1.32 | 1.55 | 1.85 |
| Profit before tax | 9.30 | 16.17 | 10.83 | 15.45 | 9.78 | 10.44 | 0.25 | 2.66 |
| Tax | 2.43 | 3.51 | 4.52 | 2.84 | 2.11 | 2.65 | 2.16 | 1.72 |
| Net profit | 6.87 | 12.66 | 6.31 | 12.61 | 7.67 | 7.79 | (1.91) | 0.94 |
| EPS (₹) | 3.10 | 5.71 | 2.85 | 5.70 | 4.96 | 5.27 | (1.30) | 0.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 146 | 102 | 61.17 |
| Revenue growth | +43.5% | +66.3% | - |
| Other income | 10.78 | 10.68 | 7.63 |
| Total expenses | 104 | 89.74 | 60.24 |
| Employee cost | 0.00 | 45.66 | 37.07 |
| EBITDA | 41.90 | 11.96 | 0.93 |
| EBITDA margin | +28.7% | +11.8% | +1.5% |
| Depreciation | 0.43 | 0.47 | 0.24 |
| Interest | 5.75 | 5.73 | 5.90 |
| Profit before tax | 46.50 | 16.44 | 2.42 |
| Tax | 12.12 | 4.32 | 1.16 |
| Net profit | 34.38 | 5.14 | (4.89) |
| Net profit margin | +23.6% | +5.1% | -8.0% |
| EPS (₹) | 18.46 | 8.21 | 0.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 22.15 | 14.76 | 14.77 |
| Reserves & surplus | 147 | 76.46 | 58.69 |
| Shareholders' funds (net worth) | 169 | 91.22 | 73.46 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 41.18 | 0.00 | 0.00 |
| Unsecured loans | 34.60 | 72.92 | 72.92 |
| Total debt | 75.78 | 72.92 | 72.92 |
| Total liabilities | 252 | 169 | 151 |
| Assets | |||
| Gross block | 5.25 | 4.68 | 4.38 |
| Net block | 1.55 | 1.41 | 1.58 |
| Capital work in progress | 0.00 | 0.00 | 0.00 |
| Investments | 205 | 149 | 123 |
| Inventories | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 34.71 | 19.38 | 13.05 |
| Cash & bank balances | 9.56 | 4.28 | 3.92 |
| Loans & advances | 0.96 | 0.57 | 5.39 |
| Total current assets | 45.23 | 24.23 | 22.36 |
| Total current liabilities | 27.57 | 26.59 | 14.79 |
| Net working capital | 17.66 | (2.36) | 7.57 |
| Total assets | 252 | 169 | 151 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 4.28 | 3.92 | 13.27 |
| Net cash from operating activities | 3.91 | 18.43 | (10.44) |
| Net cash from investing activities | (8.88) | (9.45) | 0.97 |
| Net cash from financing activities | 10.24 | (8.62) | 0.13 |
| Net change in cash | 5.27 | 0.36 | (9.34) |
| Closing cash | 9.56 | 4.28 | 3.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +43.5% | +66.3% | - |
| EBITDA growth | +250.3% | +1186.0% | - |
| PBT growth | +182.9% | +579.3% | +9997.0% |
| Net income growth | +568.9% | +205.1% | - |
| Profitability & leverage | |||
| Net income margin | +23.6% | +11.9% | +2.1% |
| Return on capital employed | +20.4% | +7.8% | +0.7% |
| Return on net worth | +17.4% | -0.4% | -6.7% |
| Debt / equity | 0.57 | 0.89 | 0.99 |
| Long-term debt / equity | 0.41 | 0.89 | 0.99 |
| Interest cover | 13.86 | 49.87 | 855.07 |
| Efficiency & per share | |||
| Fixed asset turnover | 29.40 | 22.45 | 13.97 |
| Inventory turnover | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.40 | 6.27 | 4.69 |
| EPS (₹) | 15.52 | 8.21 | 0.85 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 76.16 | 61.79 | 49.72 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.97 | 11.84 | 24.35 | 20.71 | 17.22 | 17.40 | 9.25 | 11.95 |
| Revenue growth (YoY) | -36.3% | -32.0% | +163.2% | +73.3% | +271.9% | +585.0% | - | - |
| Other income | 4.29 | 5.17 | 1.43 | 1.97 | 2.61 | 1.56 | 0.45 | 2.44 |
| Total expenses | 7.23 | 8.28 | 15.78 | 9.79 | 8.93 | 7.00 | 4.26 | 6.36 |
| EBITDA | 3.74 | 3.56 | 8.57 | 10.92 | 8.29 | 10.40 | 4.99 | 5.59 |
| EBITDA margin | +34.1% | +30.1% | +35.2% | +52.7% | +48.1% | +59.8% | +53.9% | +46.8% |
| Depreciation | 0.01 | 0.01 | 0.03 | 0.04 | 0.04 | 0.03 | 0.07 | 0.08 |
| Interest | 0.16 | 0.35 | 0.40 | 0.69 | 0.99 | 0.99 | 1.00 | 1.07 |
| Profit before tax | 7.86 | 8.37 | 9.57 | 12.16 | 9.87 | 10.94 | 4.37 | 6.88 |
| Tax | 1.98 | 2.10 | 3.24 | 2.84 | 2.11 | 2.65 | 0.58 | 1.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 79.68 | 28.37 | 11.05 |
| Revenue growth | +180.9% | +156.7% | - |
| Other income | 7.58 | 6.76 | 7.63 |
| Total expenses | 41.50 | 17.49 | 13.02 |
| Employee cost | 0.00 | 13.14 | 11.58 |
| EBITDA | 38.18 | 10.88 | (1.97) |
| EBITDA margin | +47.9% | +38.4% | -17.8% |
| Depreciation | 0.14 | 0.26 | 0.07 |
| Interest | 3.08 | 4.39 | 4.52 |
| Profit before tax | 42.54 | 12.99 | 1.07 |
| Tax | 10.84 | 2.74 | 0.49 |
| Net profit | 31.70 | 8.44 | (2.05) |
| Net profit margin | +39.8% | +29.8% | -18.6% |
| EPS (₹) | 17.02 | 6.94 | 0.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 22.15 | 14.76 | 14.77 |
| Reserves & surplus | 136 | 61.65 | 25.42 |
| Shareholders' funds (net worth) | 158 | 76.41 | 40.19 |
| Secured loans | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 34.60 | 72.92 | 72.92 |
| Total debt | 34.60 | 72.92 | 72.92 |
| Total liabilities | 200 | 164 | 117 |
| Assets | |||
| Gross block | 0.71 | 0.71 | 0.41 |
| Net block | 0.09 | 0.23 | 0.19 |
| Capital work in progress | 0.00 | 0.00 | 0.00 |
| Investments | 93.68 | 71.15 | 36.25 |
| Inventories | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 32.78 | 22.68 | 3.22 |
| Cash & bank balances | 2.96 | 0.24 | 0.17 |
| Loans & advances | 0.23 | 0.11 | 4.87 |
| Total current assets | 35.97 | 23.03 | 8.26 |
| Total current liabilities | 14.19 | 6.07 | 1.15 |
| Net working capital | 21.78 | 16.96 | 7.11 |
| Total assets | 200 | 164 | 117 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 0.24 | 0.17 | 4.01 |
| Net cash from operating activities | 23.10 | (5.81) | (8.18) |
| Net cash from investing activities | 10.56 | 5.88 | 4.33 |
| Net cash from financing activities | (30.93) | 0.00 | 0.01 |
| Net change in cash | 2.73 | 0.07 | (3.85) |
| Closing cash | 2.96 | 0.24 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +180.9% | +156.7% | - |
| EBITDA growth | +250.9% | +652.3% | - |
| PBT growth | +227.6% | +1114.0% | +9997.0% |
| Net income growth | +275.6% | +511.7% | - |
| Profitability & leverage | |||
| Net income margin | +39.8% | +36.1% | +5.3% |
| Return on capital employed | +25.1% | +10.7% | +2.1% |
| Return on net worth | +27.1% | +12.6% | -5.1% |
| Debt / equity | 0.46 | 1.25 | 1.81 |
| Long-term debt / equity | 0.46 | 1.25 | 1.81 |
| Interest cover | 8.09 | 41.34 | -221.57 |
| Efficiency & per share | |||
| Fixed asset turnover | 112.23 | 50.66 | 26.95 |
| Inventory turnover | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 2.87 | 2.19 | 3.43 |
| EPS (₹) | 14.31 | 6.94 | 0.39 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 71.22 | 51.76 | 27.21 |
To see the full year-wise statements and ratios of Covance Softsol Limited, buy the company report.
Board of directors of Covance Softsol Limited
Covance Softsol has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aravind Kumar Madala | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Naga Padma Valli Kilari Also directs: Madala Holdings Limited | Director | 11 Aug 2023 | 3 Years 3 Months | Current |
| Veeraghavulu Kandula Also directs: Madala Holdings Limited | Director | 02 Sep 2024 | 2 Years 2 Months | Current |
| Srinivasa Rao Madala Also directs: Madala Holdings Limited | Managing Director | 02 Sep 2024 | 2 Years 2 Months | Current |
| Subbiah Srinivasan Battina Also directs: Madala Holdings Limited, Suraj Laboratories Private Limited, Touchstone Fincap Limited and 2 more | Director | 11 Aug 2023 | 3 Years 3 Months | Current |
| Rakesh Sri Vankina Also directs: Madala Holdings Limited | Director | 02 Sep 2024 | 2 Years 2 Months | Current |
Legal cases
Covance Softsol Limited has 2 court cases on record: 2 filed by Covance Softsol. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Hyderabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Covance Softsol 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 Covance Softsol Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Covance Softsol Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Covance Softsol Limited has 13 board changes on record since 2023: 8 appointments and 5 cessations. The latest: Aravind Kumar Madala ceased to be Additional Director on 14 Nov 2025.
4 earlier events are in the company report.
News
Frequently asked questions
Covance Softsol is an active public limited company based in Hyderabad, Telangana, India. It was incorporated on 11 August 2023 (3+ years old) and is registered under CIN L62011TS2023PLC175979. Listed on BSE: 544361.
Covance Softsol reported revenue of ₹145.96 Cr for FY 2025-26 (up 43.5% YoY) based on consolidated financials.
Covance Softsol has 6 current directors:
- Srinivasa Rao Madala - Managing Director
- Aravind Kumar Madala - Director
- Naga Padma Valli Kilari - Director
- Veeraghavulu Kandula - Director
- Subbiah Srinivasan Battina - Director
- Rakesh Sri Vankina - Director
The latest financial statements of Covance Softsol on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 July 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Covance Softsol is L62011TS2023PLC175979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Covance Softsol is a listed company as per MCA records. Its shares are listed on BSE (code: 544361).
Covance Softsol has 2 court cases on record: 2 filed by the company.
Covance Softsol was incorporated on 11 August 2023, making it 3+ years old. It is registered with the Registrar of Companies, Hyderabad.
Aravind Kumar Madala ceased to be Additional Director on 14 Nov 2025. Bhaskar Rao Madala ceased to be Director on 25 Oct 2025. Aravind Kumar Madala was appointed as Director on 01 Sep 2025. Covance Softsol has 13 board changes on record in total.
Covance Softsol can be reached through the website softsol.com. Its registered office is in Hyderabad, Telangana, India.
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