About Coverplan Technology Private Limited
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Coverplan Technology Private Limited is a foreign private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021FTC174278. Its GSTIN is 29AAJCC2426Q1Z4 (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹91.59 Lakh. It was formerly known as Coverplan Technology Prviate Limited. It is led by directors Sanjay Jain and Vikul Goyal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.45 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹3.07 Lakh (net margin -125.3%) and EBITDA of -₹1.94 Lakh (EBITDA margin -79.2%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bimaplan. The company has 1 deal on record (1 funding round), with disclosed funding of ₹91.5 Lakh; the latest was in March 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bimaplan.co.
Company details
CIN history
Coverplan Technology has one previous CIN (Corporate Identification Number): U72900HR2021FTC092347. The current CIN is U72900KA2021FTC174278, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2021FTC174278 | Current |
| U72900HR2021FTC092347 | Previous |
Contact details
Coverplan Technology Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address1st Floor Gopala Krishna Complex, 45/3 Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Coverplan Technology 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
Brands
Coverplan Technology operates one associated brand: Bimaplan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multiple insurance policies are enabled through a digital platform. | bimaplan.co |
Business activity
The main business activities of Coverplan Technology are information and communication and professional, scientific and technical. In detail, this covers computer programming, consultancy and related activities and management consultancy activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Coverplan Technology Private Limited, buy the company report.
Financials of Coverplan Technology Private Limited
FY 2025 filings availableCoverplan Technology Private Limited reported revenue of ₹2.45 Lakh (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over three years. EBITDA fell 102% 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 | -₹1.94 Lakh | ||||
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| Net Profit (PAT) | -₹3.07 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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| EBITDA Margin | -79.2% | ||||
| Net Profit Margin | -125.3% | ||||
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To see the full financial statements and ratios of Coverplan Technology Private Limited, buy the company report.
Board of directors of Coverplan Technology Private Limited
Coverplan Technology has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Jain | Director | 20 Jan 2021 | 5 Years 9 Months | Current |
| Vikul Goyal | Director | 20 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Coverplan Technology Private Limited is audited by A K U V and Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K U V and Associates LLP | FY 2023 | 021305C/C400299 |
Shareholding
The shareholding of Coverplan Technology Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Coverplan Technology Private Limited, buy the company report.
Deals & funding
Coverplan Technology Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹91.5 Lakh; the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹91.5 Lakh | Investors: Bima Inc |
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 Coverplan Technology 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 Coverplan Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Coverplan Technology Private Limited has a workforce of 20 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Coverplan Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCC2426Q1Z4 | Karnataka | Active | 29 May 2021 |
To see the full GST registrations and return filing status of Coverplan Technology Private Limited, buy the company report.
Recent activity
Coverplan Technology Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Sanjay Jain was appointed as Director on 20 Jan 2021.
News
Frequently asked questions
Coverplan Technology is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 January 2021 (5+ years old) and is registered under CIN U72900KA2021FTC174278.
Coverplan Technology has 2 current directors:
- Sanjay Jain - Director
- Vikul Goyal - Director
The latest financial statements of Coverplan Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Coverplan Technology is 29AAJCC2426Q1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Coverplan Technology is U72900KA2021FTC174278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coverplan Technology was incorporated on 20 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Coverplan Technology has 1 deal on record (1 funding round), with disclosed funding of ₹91.5 Lakh; the latest was in March 2021.
Sanjay Jain was appointed as Director on 20 Jan 2021. Vikul Goyal was appointed as Director on 20 Jan 2021.
Coverplan Technology can be reached through the website bimaplan.co. Its registered office is in Bangalore, Karnataka, India.
The registered office of Coverplan Technology is at 1st Floor Gopala Krishna Complex, 453 Residency Road, Bangalore, Karnataka, India – 560025.