About Discoverture Solutions (India) Private Limited
Data last updated:
Discoverture Solutions (India) Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Inova Point, Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR1999PTC005772. Its GSTIN is 21AABCD9001A1ZN (Odisha).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹68.65 Lakh. It is led by directors Sanjay Kishore Kanungo (Managing Director) and Vijaya Narasimha.
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 Ground Floor Idco Plot No – E48 Infocity Chandrasekharpur, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.4 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹89.18 Lakh (net margin 26.2%) and EBITDA of ₹1.96 Cr (EBITDA margin 57.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company is associated with 1 brand: Discoverture Solutions. As per MCA filings, the company has satisfied charges of ₹4.18 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website discoverture.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGround Floor Idco Plot No – E48 Infocity Chandrasekharpur, Bhubaneswar, Odisha, India – 751024
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Discoverture Solutions (India) Private Limited
The main business activity of Discoverture Solutions (India) is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Discoverture Solutions (India) Private Limited FY 2024 filings available
Discoverture Solutions (India) Private Limited reported revenue of ₹3.4 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Discoverture Solutions (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 17% growth in the latest year. EBITDA rose 13% 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 of Discoverture Solutions (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.96 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹89.18 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Discoverture Solutions (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 26.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Discoverture Solutions (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MK Unisoft (India) Private Limited | ₹3.41 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| Perforce Software Private Limited | ₹3.41 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Bangalore, Karnataka, India |
| Oak Systems Private Limited | ₹3.41 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Bangalore, Karnataka, India |
| Perk.Com Software Private Limited | ₹3.4 Cr (FY 2020) | •••• | •••• | -45.0% | •••• | Bengaluru, Karnataka, India |
| Topnotch Softwares Private Limited | ₹3.4 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Discoverture Solutions (India) Private Limited this company | ₹3.4 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Bhubaneswar, Odisha, India |
| Simbaquartz Private Limited | ₹3.4 Cr (FY 2023) | •••• | •••• | 473.0% | •••• | Amritsar, Punjab, India |
| Nuwave Esolutions Private Limited | ₹3.4 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Netleon IT Solutions Private Limited | ₹3.4 Cr (FY 2024) | •••• | •••• | 388.0% | •••• | Jaipur, Rajasthan, India |
| Diyos Infotech Private Limited | ₹3.39 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Ibis Systems and Solutions Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Discoverture Solutions (India) by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) Private Limited is audited by SRB&ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRB&ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Narasimha | Director | 25 Feb 2008 | 18 Years 7 Months | Current |
| Sanjay Kishore Kanungo Also directs: Greencover Technologies Private Limited | Managing Director | 25 Aug 2003 | 23 Years 1 Months | Current |
Ownership and Shareholding of Discoverture Solutions (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Discoverture Solutions (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Oct 2009 | State Bank of India Smeccc | ₹4.18 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) Private Limited has 1 court case on record: 1 filed by Discoverture Solutions (India). All case is disposed. Status as checked on 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Dy. Commissioner of Income Tax | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) operates one associated brand: Discoverture Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Core insurance systems and policy administration services are provided. | discoverture.com |
Employees and EPFO Compliance at Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) Private Limited has a workforce of 0 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) Private Limited has 8 board changes on record since 2003: 5 appointments and 3 cessations. The latest: Srinivasan Krishnamoorty ceased to be Director on 12 Sep 2016.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Discoverture Solutions (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Discoverture Solutions (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Discoverture Solutions (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCD9001A1ZN | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Discoverture Solutions (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Discoverture Solutions (India) Private Limited
Discoverture Solutions (India) is an active private limited company based in Bhubaneswar, Odisha, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 May 1999 (27+ years old) and is registered under CIN U72200OR1999PTC005772.
Discoverture Solutions (India) reported revenue of ₹3.4 Cr for FY 2025 (up 17% YoY).
Discoverture Solutions (India) has 2 current directors:
- Sanjay Kishore Kanungo - Managing Director
- Vijaya Narasimha - Director
Discoverture Solutions (India) reported a net profit of ₹89.18 Lakh (net margin 26.2%) and EBITDA of ₹1.96 Cr (EBITDA margin 57.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Discoverture Solutions (India) is 9% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Discoverture Solutions (India) is 21AABCD9001A1ZN, registered in Odisha.
The CIN (Corporate Identification Number) of Discoverture Solutions (India) is U72200OR1999PTC005772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Discoverture Solutions (India) has 1 court case on record: 1 filed by the company.
Discoverture Solutions (India) was incorporated on 07 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Discoverture Solutions (India) by revenue are MK Unisoft (India) Private Limited, Perforce Software Private Limited, Oak Systems Private Limited, Perk.Com Software Private Limited, Topnotch Softwares Private Limited and 5 more, all in the Information Technology industry (Application Development).
Srinivasan Krishnamoorty ceased to be Director on 12 Sep 2016. Steven Addair Henry ceased to be Director on 12 Sep 2016. Srinivasan Krishnamoorty was appointed as Director on 12 Apr 2011. Discoverture Solutions (India) has 8 board changes on record in total.