Covenants Developers Private Limited
About Covenants Developers Private Limited
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Covenants Developers Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45209OR2019PTC031109. Its GSTIN is 21AAICC2181K1ZT (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Chinmoy Kumar Muduli (Managing Director) and Monika Chauhan.
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 Plot No.C – 30 Ganesh Nagar Khandagiri Gandamunda, Bhubaneswar, Odisha, India – 751030.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.42 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net loss of ₹55.02 Lakh (net margin -10.2%) and EBITDA of -₹51.85 Lakh (EBITDA margin -9.6%).
Company details
Contact details
Covenants Developers Private Limited's registered office is in Bhubaneswar, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.C – 30 Ganesh Nagar Khandagiri Gandamunda, Bhubaneswar, Odisha, India – 751030
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Covenants Developers 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
Business activity
The main business activity of Covenants Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Covenants Developers Private Limited, buy the company report.
Financials of Covenants Developers Private Limited
FY 2024 filings availableCovenants Developers Private Limited reported revenue of ₹5.42 Cr (up 64% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 64% in the latest year. EBITDA fell 343% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹51.85 Lakh | ||||
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| Net Profit (PAT) | -₹55.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -9.6% | ||||
| Net Profit Margin | -10.2% | ||||
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To see the full financial statements and ratios of Covenants Developers Private Limited, buy the company report.
Board of directors of Covenants Developers Private Limited
Covenants Developers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monika Chauhan | Director | 07 Jun 2019 | 7 Years 4 Months | Current |
| Chinmoy Kumar Muduli Also directs: Sai Vardhan Infrastructure LLP, Nazareth Ventures LLP, P Cube Builders Private Limited and 1 more | Managing Director | 07 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Covenants Developers Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shi-Pra Builders Private Limited | ₹5.43 Cr (FY 2025) | 22.0% | Uttar Pradesh, India | |||
| Govind Raj Projects Private Limited | ₹5.42 Cr (FY 2018) | -38.0% | Gwalior, Madhya Pradesh, India | |||
| Ramji Affordable Homes Private Limited | ₹5.42 Cr (FY 2025) | 274.0% | New Delhi, Delhi, India | |||
| Covenants Developers Private Limitedthis company | ₹5.42 Cr (FY 2024) | -₹55.02 Lakh | -10.2% | 64.0% | Bhubaneswar, Odisha, India | |
| Periyanachiyaar Infra Private Limited | ₹5.41 Cr (FY 2024) | 1367.0% | Madurai, Tamil Nadu, India | |||
| Ussan Land Development & Construction Private Limited | ₹5.41 Cr (FY 2025) | -8.0% | Birbhum, West Bengal, India |
To see the full peer comparison of Covenants Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Covenants Developers 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 Covenants Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Covenants Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICC2181K1ZT | Odisha | Active | 21 Aug 2021 |
To see the full GST registrations and return filing status of Covenants Developers Private Limited, buy the company report.
Recent activity
Covenants Developers Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Chinmoy Kumar Muduli was appointed as Managing Director on 07 Jun 2019.
Frequently asked questions
Covenants Developers is an active private limited company based in Bhubaneswar, Odisha, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 June 2019 (7+ years old) and is registered under CIN U45209OR2019PTC031109.
Covenants Developers has 2 current directors:
- Chinmoy Kumar Muduli - Managing Director
- Monika Chauhan - Director
The latest financial statements of Covenants Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Covenants Developers is 21AAICC2181K1ZT, registered in Odisha.
The CIN (Corporate Identification Number) of Covenants Developers is U45209OR2019PTC031109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covenants Developers was incorporated on 07 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Covenants Developers by revenue are Shi-Pra Builders Private Limited, Govind Raj Projects Private Limited, Ramji Affordable Homes Private Limited, Periyanachiyaar Infra Private Limited, Ussan Land Development & Construction Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Chinmoy Kumar Muduli was appointed as Managing Director on 07 Jun 2019. Monika Chauhan was appointed as Director on 07 Jun 2019.
The registered office of Covenants Developers is at Plot No.C – 30 Ganesh Nagar Khandagiri Gandamunda, Bhubaneswar, Odisha, India – 751030.
Covenants Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
Covenants Developers can be reached at its registered office: Plot No.C – 30 Ganesh Nagar Khandagiri Gandamunda, Bhubaneswar, Odisha, India – 751030.