Startup India Government of India
Covie Ventures Private Limited - real estate and construction in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.19 Cr
▼ 21% YoY
Net loss · FY 2024
₹3.74 Cr
Net margin -117.5%
EBITDA · FY 2024
-₹3.34 Cr
EBITDA margin -104.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹74.9 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Covie Ventures Private Limited
Data last updated:
Covie Ventures Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the real estate marketing and sales segment of the real estate and construction sector. It was incorporated on 31 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U70109PN2019PTC188801. Its GSTIN is 27AAICC5586A1ZN (Maharashtra). 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 Lakh. It is led by directors Kunal Sarjerao Ghorpade and Nitin Shivajirao Bhalerao.
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 3rd Floor ''Abil House'' 2 Range Hill Corner Ganeshkhind Road, Pune, Maharashtra, India – 411007.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.19 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹3.74 Cr (net margin -117.5%) and EBITDA of -₹3.34 Cr (EBITDA margin -104.9%). Revenue has grown at a compounded annual rate (CAGR) of 201% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: The Covie. As per MCA filings, the company has open charges of ₹74.9 Lakh on record.
Covie Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0037338). For more details, the company can be reached via its website thecovie.com.
Company details
CIN U70109PN2019PTC188801
Registration Number 188801
Incorporation Date 31 December 2019
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0037338
Recognitions & Rankings of Covie Ventures
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0037338
Contact details
Covie Ventures Private Limited's registered office is in Pune, Maharashtra. Its website is thecovie.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor ''Abil House'' 2 Range Hill Corner Ganeshkhind Road, Pune, Maharashtra, India – 411007
- IndustryReal Estate and Construction, Real Estate Marketing & Sales
To see the full contact details of Covie Ventures Private Limited, buy the company report.
Comprehensive company report
Covie Ventures 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
Covie Ventures operates one associated brand: The Covie. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides furnished coliving spaces with amenities in major Indian cities. | thecovie.com |
Business activity
The main business activity of Covie Ventures 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 Covie Ventures Private Limited, buy the company report.
Financials of Covie Ventures Private Limited
FY 2024 filings availableCovie Ventures Private Limited reported revenue of ₹3.19 Cr (down 21% YoY) for FY 2024.
Revenue · FY 2024
₹3.19 Cr ▼ 21%
Net loss · FY 2024
₹3.74 Cr margin -117.5%
EBITDA · FY 2024
-₹3.34 Cr margin -104.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 201%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▼ 37%
Revenue fell 21% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 201%. EBITDA rose 31% 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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| Total Expenses | |||||
| EBITDA | -₹3.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.74 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -104.9% | ||||
| Net Profit Margin | -117.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Covie Ventures Private Limited, buy the company report.
Board of directors of Covie Ventures Private Limited
Covie Ventures has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Sarjerao Ghorpade | Director | 19 Jan 2024 | 2 Years 9 Months | Current |
| Nitin Shivajirao Bhalerao | Director | 10 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Covie Ventures Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nepal Tradecom Private Limited | ₹3.19 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Covie Ventures Private Limitedthis company | ₹3.19 Cr (FY 2024) | -₹3.74 Cr | -117.5% | -21.0% | Pune, Maharashtra, India | |
| Panchjyoti Realty India Limited | ₹3.18 Cr (FY 2023) | 25.0% | Asansol, West Bengal, India | |||
| Shaandar Builders Private Limited | ₹3.14 Cr (FY 2025) | -57.0% | New Delhi, Delhi, India |
To see the full peer comparison of Covie Ventures Private Limited, buy the company report.
Auditor
Covie Ventures Private Limited is audited by RSVA&CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSVA&CO. | FY 2022 | 110504W |
Shareholding
The shareholding of Covie Ventures Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Covie Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
₹74.9 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2021 | 100427866 | Others | ₹74.9 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Covie Ventures 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 Covie Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Covie Ventures has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Covie Services Private Limited | U70109PN2021PTC206559 |
To see the full group structure of Covie Ventures Private Limited, buy the company report.
GST
Covie Ventures has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICC5586A1ZN | Maharashtra | Active | 24 Jun 2020 |
| 29AAICC5586A1ZJ | Karnataka | Active | 27 Nov 2020 |
To see the full GST registrations and return filing status of Covie Ventures Private Limited, buy the company report.
Recent activity
Covie Ventures Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Abhishek Kumar ceased to be Director on 12 Feb 2025.
Ceased
Abhishek Kumar ceased to be Director.
AGM
Covie Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Kunal Sarjerao Ghorpade ceased to be Additional Director.
Filing
Covie Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Kunal Sarjerao Ghorpade was appointed as Director.
Ceased
Nitin Shivajirao Bhalerao ceased to be Additional Director.
Appointed
Nitin Shivajirao Bhalerao was appointed as Director.
Ceased
Swapnali Vishwajit Kadam ceased to be Director.
Charges
A charge with Others amounted to Rs. 74.90 Lakh with Charge ID 100427866 was registered on 08 Jan 2021.
Incorporation
31 Dec 2019
Covie Ventures Private Limited was registered on 31 Dec 2019 with Roc Pune & aged 6 years 10 months as per MCA records.
Frequently asked questions
Covie Ventures is an active private limited company based in Pune, Maharashtra, India. The company works in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 31 December 2019 (7+ years old) and is registered under CIN U70109PN2019PTC188801.
Covie Ventures has 2 current directors:
- Kunal Sarjerao Ghorpade - Director
- Nitin Shivajirao Bhalerao - Director
The latest financial statements of Covie Ventures 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 Covie Ventures is 27AAICC5586A1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAICC5586A1ZJ (Karnataka).
The CIN (Corporate Identification Number) of Covie Ventures is U70109PN2019PTC188801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covie Ventures was incorporated on 31 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Covie Ventures by revenue are Nepal Tradecom Private Limited, Panchjyoti Realty India Limited, Shaandar Builders Private Limited, all in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities with own or leased property).
Abhishek Kumar ceased to be Director on 12 Feb 2025. Kunal Sarjerao Ghorpade ceased to be Additional Director on 29 Sep 2024. Kunal Sarjerao Ghorpade was appointed as Director on 19 Jan 2024. Covie Ventures has 6 board changes on record in total.
Yes, Covie Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Covie Ventures is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0037338).
Covie Ventures can be reached through the website thecovie.com. Its registered office is in Pune, Maharashtra, India.
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