MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0275291
Covestays Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.82 Cr
▲ 7% YoY
Net profit · FY 2025
₹4.98 Lakh
Net margin 1%
EBITDA · FY 2025
₹53.95 Lakh
EBITDA margin 11.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.03 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Covestays Private Limited
Data last updated:
Covestays Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2018PTC119598. Its GSTIN is 29AAHCC9166F1ZA (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.03 Lakh. It is led by directors Deepak Mohan and Sumanth Raghavendra Rao.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Raheja Plaza Richmond Road Ashok Nagar, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.82 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹4.98 Lakh (net margin 1%) and EBITDA of ₹53.95 Lakh (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 21% over five years.
The company is associated with 1 brand: Cove Offices.
Covestays Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0275291). For more details, the company can be reached via its website coveoffices.com.
Company details
CIN U70100KA2018PTC119598
Registration Number 119598
Incorporation Date 18 December 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0275291
Recognitions & Rankings of Covestays
Contact details
Covestays Private Limited's registered office is in Bangalore, Karnataka. Its website is coveoffices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Raheja Plaza Richmond Road Ashok Nagar, Bangalore, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Covestays Private Limited, buy the company report.
Comprehensive company report
Covestays Private Limited - one report that includes everything
- 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
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Brands
Covestays operates one associated brand: Cove Offices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Coworking spaces and flexible office solutions in India. | coveoffices.com |
Business activity
The main business activity of Covestays is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Covestays Private Limited, buy the company report.
Financials of Covestays Private Limited
FY 2025 filings availableCovestays Private Limited reported revenue of ₹4.82 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹4.82 Cr ▲ 7%
Net profit · FY 2025
₹4.98 Lakh margin 1%
EBITDA · FY 2025
₹53.95 Lakh margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 40%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 53%
3 years · compounded
▲ 86%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 7% growth in the latest year. EBITDA fell 53% 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 | ₹53.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.98 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Covestays Private Limited, buy the company report.
Board of directors of Covestays Private Limited
Covestays has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Mohan | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Sumanth Raghavendra Rao | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
Auditor
Covestays Private Limited is audited by Sreenivasan and Govardhan for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sreenivasan and Govardhan | FY 2022 | 007168S |
Shareholding
The shareholding of Covestays Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Covestays Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Covestays 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
Covestays Private Limited has 1 MSME Form 1 return on record, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Marlecha Interiors Private Limited |
To see the full MSME payment records of Covestays Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Covestays has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC9166F1ZA | Karnataka | Active | 05 Apr 2019 |
| 33AAHCC9166F1ZL | Tamil Nadu | Active | 07 May 2019 |
To see the full GST registrations and return filing status of Covestays Private Limited, buy the company report.
Recent activity
Covestays Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Suvasini Radhakrishnan ceased to be Director on 28 Feb 2023.
AGM
Covestays Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Covestays Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Suvasini Radhakrishnan ceased to be Director.
Ceased
Deepak Mohan ceased to be Additional Director.
Appointed
Deepak Mohan was appointed as Director.
Appointed
Sumanth Raghavendra Rao was appointed as Director.
Incorporation
18 Dec 2018
Covestays Private Limited was registered on 18 Dec 2018 with Roc Bangalore & aged 7 years 10 months as per MCA records.
Frequently asked questions
Covestays is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 December 2018 (8+ years old) and is registered under CIN U70100KA2018PTC119598.
Covestays has 2 current directors:
- Deepak Mohan - Director
- Sumanth Raghavendra Rao - Director
The latest financial statements of Covestays on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Covestays is 29AAHCC9166F1ZA, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAHCC9166F1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Covestays is U70100KA2018PTC119598. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covestays was incorporated on 18 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Suvasini Radhakrishnan ceased to be Director on 28 Feb 2023. Deepak Mohan ceased to be Additional Director on 31 Dec 2019. Deepak Mohan was appointed as Director on 15 Oct 2019. Covestays has 4 board changes on record in total.
Yes, Covestays is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0275291).
Covestays has 1 MSME Form 1 return on record, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 28 Apr 2022.
Covestays can be reached through the website coveoffices.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Covestays is at 3rd Floor Raheja Plaza Richmond Road Ashok Nagar, Bangalore, Karnataka, India – 560025.
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