About Coviam Technology and Services Private Limited
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Coviam Technology and Services Private Limited is a 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 07 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC079686. Its GSTIN is 29AAFCC9883M1ZP (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.58 Cr. It is led by directors Nayan Ghanshyamsinh Jadeja and Deepak Nachnani Moolchand.
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 Coviam Technology And Services Private Limited 1076 11th Cross 24th Main Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹54,000, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.77 Lakh and EBITDA of -₹3.77 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 86% over five years.
The company has about 225 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Coviam. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021. Its 7 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 3 smaller; the largest is Atozofai Technocrats Private Limited with revenue of ₹54,300.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coviam.com.
Company details
Contact details
Coviam Technology and Services Private Limited's registered office is in Bangalore, Karnataka. Its website is coviam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCoviam Technology And Services Private Limited 1076 11th Cross 24th Main Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Coviam Technology and Services 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
Coviam Technology and Services operates one associated brand: Coviam. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Creates custom digital platforms in IoT, eCommerce, supply chain, and logistics. | coviam.com |
Business activity
The main business activity of Coviam Technology and Services 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 Coviam Technology and Services Private Limited, buy the company report.
Financials of Coviam Technology and Services Private Limited
FY 2024 filings availableCoviam Technology and Services Private Limited reported revenue of ₹54,000 (down 97% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 86% over five years, including a 97% fall in the latest year. EBITDA rose 98% 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 | -₹3.77 Lakh | ||||
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| Net Profit (PAT) | -₹3.77 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Coviam Technology and Services Private Limited, buy the company report.
Board of directors of Coviam Technology and Services Private Limited
Coviam Technology and Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayan Ghanshyamsinh Jadeja Also directs: Peoplehum Technologies Private Limited, Avronia India Private Limited, Moviam Technologies Private Limited and 4 more | Director | 27 Jul 2018 | 8 Years 2 Months | Current |
| Deepak Nachnani Moolchand Also directs: Peoplehum Technologies Private Limited, Avronia India Private Limited, Moviam Technologies Private Limited and 4 more | Director | 27 Jul 2018 | 8 Years 2 Months | Current |
Peer comparison
Coviam Technology and Services Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Atozofai Technocrats Private Limited | ₹54,300 (FY 2024) | Hyderabad, Telangana, India | ||||
| Dreamster Software Technologies Private Limited | ₹54,281 (FY 2025) | -12.0% | Tripunithura, Kerala, India | |||
| Elliptia Systems Private Limited | ₹54,250 (FY 2025) | 24.0% | Palarivattom, Kerala, India | |||
| Ads 360 Network Private Limited | ₹54,170 (FY 2019) | -88.0% | Hyderabad, Telangana, India | |||
| Coviam Technology and Services Private Limitedthis company | ₹54,000 (FY 2025) | -₹3.77 Lakh | -97.0% | 225 | Bangalore, Karnataka, India | |
| Vantedge IT Solutions Private Limited | ₹54,000 (FY 2025) | -100.0% | Bangalore, Karnataka, India | |||
| Fanthomtek Solutions Private Limited | ₹54,000 (FY 2021) | Chennai, Tamil Nadu, India | ||||
| Aditi Kapur Consulting (OPC) Private Limited | ₹54,000 (FY 2017) | Delhi, India |
To see the full peer comparison of Coviam Technology and Services Private Limited, buy the company report.
Auditor
Coviam Technology and Services Private Limited is audited by MAHESH V AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESH V AND ASSOCIATES | FY 2023 | 011479S |
Shareholding
The shareholding of Coviam Technology and Services Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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To see the full shareholding pattern of Coviam Technology and Services Private Limited, buy the company report.
Deals & funding
Coviam Technology and Services Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Aug 2016 | Rights issue | ₹69 Lakh | Investors: 2 individuals |
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 Coviam Technology and Services 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 Coviam Technology and Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Coviam Technology and Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avronia India Private Limited | U72900KA2016PTC132704 |
To see the full group structure of Coviam Technology and Services Private Limited, buy the company report.
Employees & EPFO
Coviam Technology and Services Private Limited has a workforce of 225 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Coviam Technology and Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC9883M1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coviam Technology and Services Private Limited, buy the company report.
Recent activity
Coviam Technology and Services Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Kaushalya Moolchand Nachnani ceased to be Director on 30 Mar 2023.
Frequently asked questions
Coviam Technology and Services is an active 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 07 April 2015 (11+ years old) and is registered under CIN U72200KA2015PTC079686.
Coviam Technology and Services has 2 current directors:
- Nayan Ghanshyamsinh Jadeja - Director
- Deepak Nachnani Moolchand - Director
The latest financial statements of Coviam Technology and Services 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 GSTIN of Coviam Technology and Services is 29AAFCC9883M1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Coviam Technology and Services is U72200KA2015PTC079686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coviam Technology and Services was incorporated on 07 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Coviam Technology and Services has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
The peers of Coviam Technology and Services by revenue are Atozofai Technocrats Private Limited, Dreamster Software Technologies Private Limited, Elliptia Systems Private Limited, Ads 360 Network Private Limited, Vantedge IT Solutions Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Kaushalya Moolchand Nachnani ceased to be Director on 30 Mar 2023. Deepak Nachnani Moolchand ceased to be Additional Director on 30 Sep 2018. Nayan Ghanshyamsinh Jadeja ceased to be Additional Director on 30 Sep 2018. Coviam Technology and Services has 7 board changes on record in total.
Coviam Technology and Services can be reached through the website coviam.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Coviam Technology and Services is at Coviam Technology And Services Private Limited 1076 11th Cross 24th Main Hsr Layout, Bangalore, Karnataka, India – 560102.