Covencore Systems Private Limited
About Covencore Systems Private Limited
Data last updated:
Covencore Systems Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT services segment of the services sector. It was incorporated on 28 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2015PTC101378.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dulla Narasimha Rao and Sammeta Sri Rama.
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 3 – 12 – 92/9 Rock Town Colony L B Nagar, Hyderabad, Telangana, India – 500036.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹27,406 (net margin -22.4%) and EBITDA of -₹19,922 (EBITDA margin -16.3%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Covencore Systems Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address3 – 12 – 92/9 Rock Town Colony L B Nagar, Hyderabad, Telangana, India – 500036
- IndustryService, Information Technology Services
To see the full contact details of Covencore Systems 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 Covencore Systems 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 Covencore Systems Private Limited, buy the company report.
Financials of Covencore Systems Private Limited
FY 2024 filings availableCovencore Systems Private Limited reported revenue of ₹1.22 Lakh (down 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 34% fall in the latest year. EBITDA fell 26% 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 | -₹19,922 | ||||
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| Net Profit (PAT) | -₹27,406 | ||||
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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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| Profitability | |||||
| EBITDA Margin | -16.3% | ||||
| Net Profit Margin | -22.4% | ||||
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To see the full financial statements and ratios of Covencore Systems Private Limited, buy the company report.
Board of directors of Covencore Systems Private Limited
Covencore Systems 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 |
|---|---|---|---|---|
| Dulla Narasimha Rao Also directs: Techgig Infotech LLP, HSN Foods and Beverages Private Limited, HSN Private Limited and 5 more | Director | 07 Jan 2021 | 5 Years 10 Months | Current |
| Sammeta Sri Rama Also directs: HSN Foods and Beverages Private Limited, HSN Private Limited, Vennauto Solutions India Private Limited and 1 more | Director | 10 Feb 2021 | 5 Years 9 Months | Current |
Peer comparison
Covencore Systems Private Limited is compared with the 8 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Stecs Consulting Private Limited | ₹1.23 Lakh (FY 2024) | Gurgaon, Haryana, India | ||||
| Premium Digital Projects Private Limited | ₹1.23 Lakh (FY 2024) | -6.0% | Patiala, Punjab, India | |||
| Aspricot Softlab Private Limited | ₹1.23 Lakh (FY 2018) | -80.0% | Indore, Madhya Pradesh, India | |||
| Amoogha Animations and Technologies Private Limited | ₹1.23 Lakh (FY 2021) | -42.0% | Bangalore, Karnataka, India | |||
| Covencore Systems Private Limitedthis company | ₹1.22 Lakh (FY 2024) | -₹27,406 | -22.4% | -34.0% | Hyderabad, Telangana, India | |
| Carpe Daws Private Limited | ₹1.22 Lakh (FY 2022) | -46.0% | Kollam, Kerala, India | |||
| Global Star One Systems Private Limited | ₹1.22 Lakh (FY 2024) | -47.0% | Patna, Bihar, India | |||
| Ezylinkbiz Consultancy Services Private Limited | ₹1.22 Lakh (FY 2025) | -14.0% | Chennai, Tamil Nadu, India | |||
| Pronent Technologies India Private Limited | ₹1.22 Lakh (FY 2024) | -37.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Covencore Systems Private Limited, buy the company report.
Auditor
Covencore Systems Private Limited is audited by UDAY KUMAR S R for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UDAY KUMAR S R | FY 2017 | 222855 |
Shareholding
The shareholding of Covencore Systems Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Covencore Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Covencore Systems 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 Covencore Systems Private 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 Covencore Systems Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Covencore Systems Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Lakshmiprasanna Revuru ceased to be Director on 25 Dec 2025.
Frequently asked questions
Covencore Systems is an active private limited company based in Hyderabad, Telangana, India. The company works in information technology services, within the service industry. It was incorporated on 28 October 2015 (11+ years old) and is registered under CIN U72200TG2015PTC101378.
Covencore Systems has 2 current directors:
- Dulla Narasimha Rao - Director
- Sammeta Sri Rama - Director
The latest financial statements of Covencore Systems 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 2016 are in the company report.
The CIN (Corporate Identification Number) of Covencore Systems is U72200TG2015PTC101378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covencore Systems was incorporated on 28 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Covencore Systems by revenue are Stecs Consulting Private Limited, Premium Digital Projects Private Limited, Aspricot Softlab Private Limited, Amoogha Animations and Technologies Private Limited, Carpe Daws Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Lakshmiprasanna Revuru ceased to be Director on 25 Dec 2025. Ram Reddy Tippani ceased to be Director on 25 Dec 2025. Sammeta Sri Rama was appointed as Director on 10 Feb 2021. Covencore Systems has 5 board changes on record in total.
The registered office of Covencore Systems is at 3 – 12 – 929 Rock Town Colony L B Nagar, Hyderabad, Telangana, India – 500036.
Covencore Systems operates in the service industry, in the information technology services segment.
The compliance status of Covencore Systems is compliant as of 25 August 2026. The company is actively filing with the Registrar of Companies.
Covencore Systems can be reached at its registered office: 3 – 12 – 929 Rock Town Colony L B Nagar, Hyderabad, Telangana, India – 500036.
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