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Encovate Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11 Lakh
Latest filing
Net profit · FY 2024
₹4.37 Lakh
Net margin 39.7%
EBITDA · FY 2024
₹5.25 Lakh
EBITDA margin 47.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Brands
1
Associated brands
About Encovate Solutions Private Limited
Data last updated:
Encovate Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2019PTC127309.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subhra Banerjee and Gaurav Mehra.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 677 1st Floor Suite#372 13th Cross Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹11 Lakh. For the same year it recorded a net profit of ₹4.37 Lakh (net margin 39.7%) and EBITDA of ₹5.25 Lakh (EBITDA margin 47.7%). Revenue has grown at a compounded annual rate (CAGR) of 151% over three years.
The company is associated with 1 brand: Encovate.
For more details, the company can be reached via its website encovate.com.
Company Details of Encovate Solutions Private Limited
CIN U74910KA2019PTC127309
Registration Number 127309
Incorporation Date 23 August 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Subhra Banerjee Director Gaurav Mehra Director Recognitions & Rankings of Encovate Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address677 1st Floor Suite#372 13th Cross Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryBusiness Outsourcing, Business & IT Consulting
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Associated Brands with Encovate Solutions Private Limited
Encovate Solutions operates one associated brand: Encovate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Encovate offers business and leadership consulting services tailored to the hospitality sector. | encovate.com |
Business Activity of Encovate Solutions Private Limited
The main business activity of Encovate Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
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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 Encovate Solutions Private Limited FY 2024 filings available
Encovate Solutions Private Limited reported revenue of ₹11 Lakh for FY 2024.
Revenue · FY 2024
₹11 Lakh
Net profit · FY 2024
₹4.37 Lakh margin 39.7%
EBITDA · FY 2024
₹5.25 Lakh margin 47.7%
Compounded Annual Growth Rate (CAGR) of Encovate Solutions Private Limited
Revenue CAGR growth
3 years · compounded
▲ 151%
EBITDA CAGR growth
1 year
▲ 345%
3 years · compounded
▲ 245%
Revenue has grown at a compounded annual rate (CAGR) of 151% over three years. EBITDA rose 345% 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 Encovate Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.25 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.37 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 Encovate Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 39.7% | •••• | •••• | •••• | •••• |
| 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 Encovate Solutions are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Encovate Solutions Private Limited
Encovate Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhra Banerjee | Director | 23 Aug 2019 | 7 Years 1 Months | Current |
| Gaurav Mehra | Director | 29 Mar 2021 | 5 Years 6 Months | Current |
Peer Comparison of Encovate Solutions Private Limited
Encovate Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incubate Advisors India Private Limited | ₹11.03 Lakh (FY 2024) | •••• | •••• | -91.0% | •••• | Bangalore, Karnataka, India |
| Satvam Consulting Private Limited | ₹11.03 Lakh (FY 2025) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Om Energy Limited | ₹11.02 Lakh (FY 2025) | •••• | •••• | 878.0% | •••• | Mumbai, Maharashtra, India |
| Vanyata Financial Services Private Limited | ₹11.02 Lakh (FY 2025) | •••• | •••• | 125.0% | •••• | Pune, Maharashtra, India |
| Creyatech Private Limited | ₹11.01 Lakh (FY 2025) | •••• | •••• | 25.0% | •••• | Delhi, India |
| Encovate Solutions Private Limited this company | ₹11 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| RVS Fin Line Services Private Limited | ₹11 Lakh (FY 2024) | •••• | •••• | 120.0% | •••• | Delhi, India |
| Ampl-Aka-Nkas Mining Private Limited | ₹11 Lakh (FY 2025) | •••• | •••• | 11479.0% | •••• | Kolkata, West Bengal, India |
| Airawat Consultancy Services Private Limited | ₹11 Lakh (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Agsam Business Solutions Private Limited | ₹11 Lakh (FY 2021) | •••• | •••• | 1.0% | •••• | Nabha, Punjab, India |
| VRMS Consultancy Services Private Limited | ₹11 Lakh (FY 2024) | •••• | •••• | -14.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Encovate Solutions by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Encovate Solutions Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Encovate Solutions Private Limited
Encovate Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Encovate Solutions Private Limited
Employment history and EPFO contributions of people linked to Encovate Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Encovate Solutions Private Limited
Encovate Solutions Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Gaurav Mehra was appointed as Director on 29 Mar 2021.
AGM
Encovate Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.
Filing
Encovate Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Gaurav Mehra was appointed as Director.
Ceased
Sudip Swapan Kumar Dutta ceased to be Director.
Appointed
Subhra Banerjee was appointed as Director.
Incorporation
23 Aug 2019
Encovate Solutions Private Limited was registered on 23 Aug 2019 with Roc Bangalore & aged 7 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Encovate Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Encovate Solutions Private Limited
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Subsidiaries & Group Companies of Encovate Solutions Private Limited
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Corporate group structure
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GST Compliance of Encovate Solutions Private Limited
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MCA Filings & Documents of Encovate Solutions Private Limited
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Frequently Asked Questions about Encovate Solutions Private Limited
Encovate Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 August 2019 (7+ years old) and is registered under CIN U74910KA2019PTC127309.
Encovate Solutions reported revenue of ₹11 Lakh for FY 2024.
Encovate Solutions has 2 current directors:
- Subhra Banerjee - Director
- Gaurav Mehra - Director
Encovate Solutions reported a net profit of ₹4.37 Lakh (net margin 39.7%) and EBITDA of ₹5.25 Lakh (EBITDA margin 47.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Encovate Solutions is 151% over three years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Encovate Solutions is U74910KA2019PTC127309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Encovate Solutions was incorporated on 23 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Encovate Solutions by revenue are Incubate Advisors India Private Limited, Satvam Consulting Private Limited, Om Energy Limited, Vanyata Financial Services Private Limited, Creyatech Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Gaurav Mehra was appointed as Director on 29 Mar 2021. Sudip Swapan Kumar Dutta ceased to be Director on 29 Mar 2021. Subhra Banerjee was appointed as Director on 23 Aug 2019.
Yes, Encovate Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Encovate Solutions can be reached through the website encovate.com. Its registered office is in Bangalore, Karnataka, India.