About Coverstack Technologies Private Limited
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Coverstack Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2010PTC210076. Its GSTIN is 27AAECG0349R1Z5 (Maharashtra).
The company has an authorised share capital of ₹37.5 Lakh and a paid-up capital of ₹13.75 Lakh. It was formerly known as Glitterbug Technologies Private Limited. It is led by directors including Sanjib Jha and Rahul Dhanasing Bhapkar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹11.71 Cr (net margin -20.9%) and EBITDA of -₹5.97 Cr (EBITDA margin -10.7%). Revenue has grown at a compounded annual rate (CAGR) of 161% over three years and 40% over five years.
The company is associated with 2 brands: Coverstack and Glitterbug. As per MCA filings, the company has open charges of ₹50.59 Cr and satisfied charges of ₹59.4 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 2 cases are pending. The company has 17 deals on record (12 funding rounds, 5 secondary share transfers), with disclosed funding of ₹423.95 Cr; the latest was in November 2021. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Naf Technology Services India Private Limited with revenue of ₹56.32 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2024, listing 31 overdue payments to 12 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glitterbug.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressC Wing 6112 – 6113 6th Floor Oberoi Garden Estate, Chandivali Farm Road Chandivali, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands with Coverstack Technologies Private Limited
Coverstack Technologies operates two associated brands: Coverstack and Glitterbug. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions | coverstack.in | |
| Cloud computing, software development, and marketing services are offered. | glitterbug.in |
Business Activity of Coverstack Technologies Private Limited
The main business activity of Coverstack Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Coverstack Technologies Private Limited FY 2025 filings available
Coverstack Technologies Private Limited reported revenue of ₹56 Cr (up 1698% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Coverstack Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years. EBITDA rose 52% 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 Coverstack Technologies 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 | -₹5.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.71 Cr | •••• | •••• | •••• | •••• |
| 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 Coverstack Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -20.9% | •••• | •••• | •••• | •••• |
| 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 Coverstack Technologies 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.
Board of Directors of Coverstack Technologies Private Limited
Coverstack Technologies has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjib Jha | Director | 21 Aug 2020 | 6 Years 2 Months | Current |
| Rahul Dhanasing Bhapkar | Director | 01 Oct 2021 | 5 Years 0 Months | Current |
| Sandeep Singhal | Additional Director | 04 Oct 2025 | 1 Years 0 Months | Current |
| Jyotsna Krishnan Also directs: Elevar Venture Partners LLP, Impactius Venture Partners LLP, Trellis Venture Partners LLP and 5 more | Nominee Director | 20 Nov 2025 | 0 Years 11 Months | Current |
Peer Comparison of Coverstack Technologies Private Limited
Coverstack Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naf Technology Services India Private Limited | ₹56.32 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Chennai, Tamil Nadu, India |
| Thomson Reuters South Asia Private Limited | ₹56.23 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bengaluru, Karnataka, India |
| Patch Software Private Limited | ₹56.15 Cr (FY 2019) | •••• | •••• | 390.0% | •••• | Jaipur, Rajasthan, India |
| Ubico Networks Private Limited | ₹56.14 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| First Credit ITES Private Limited | ₹56.06 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Thane, Maharashtra, India |
| Coverstack Technologies Private Limited this company | ₹56 Cr (FY 2025) | •••• | •••• | 1698.0% | •••• | Mumbai, Maharashtra, India |
| Forrester Research India Private Limited | ₹55.99 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Ihub Ntihac Foundation | ₹55.98 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kanpur, Uttar Pradesh, India |
| Livquik Technology (India) Private Limited | ₹55.87 Cr (FY 2025) | •••• | •••• | 142.0% | •••• | Chennai, Tamil Nadu, India |
| Efficacy Worldwide Private Limited | ₹55.85 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Gurgaon, Haryana, India |
| Gurusons Communications Private Limited | ₹55.82 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Coverstack Technologies by revenue in the same principal business activity (Other information & communication service activities), 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 Coverstack Technologies Private Limited
Coverstack Technologies Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | 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.
Ownership and Shareholding of Coverstack Technologies 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 Coverstack Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2025 | Others | ₹38.9 Cr | Open |
| 27 Dec 2025 | Others | ₹11.7 Cr | Open |
| 26 Jun 2025 | Others | ₹2 Cr | Satisfied |
| 23 Aug 2024 | Others | ₹14.3 Cr | Satisfied |
| 27 Jul 2024 | Others | ₹2 Cr | Satisfied |
Total charge records: 15 View all charges
Deals & Funding of Coverstack Technologies Private Limited
Coverstack Technologies Private Limited has 17 deals on record (12 funding rounds, 5 secondary share transfers), with disclosed funding of ₹423.95 Cr; the latest was in November 2021.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Avaana Capital Seller: Catamaran Ventures, Pratithi Investments, an individual |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Transamerica Ventures Seller: 4 individuals |
| Jul 2019 | Funding round · Series D | ₹53.04 Cr | Investors: Accel India, Aegon Digital Investments, Elevation Capital (SAIF Partners) |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: Avaana Capital, an individual Seller: Catamaran Ventures, an individual |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Pratithi Investments, 2 individuals Seller: 3 individuals |
Full deal history
All 17 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Coverstack Technologies Private Limited
Coverstack Technologies Private Limited has 7 court cases on record: 6 filed by Coverstack Technologies, 1 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 2 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed by the company against Acko General Insurance Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Circle 15(1)(2), Mumbai, | Pending |
| Bombay High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Circle 15(1)(2), Mumbai | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Disposed |
Full case history
All 7 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.
MSME Payment Delays by Coverstack Technologies Private Limited
Coverstack Technologies Private Limited has 4 MSME Form 1 returns on record between 2019 and 2024, listing 31 overdue payments to 12 micro and small suppliers. 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 (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aura FMS Private Limited | •••• | •••• | •••• |
| Expert Time Industries Private Limited | •••• | •••• | •••• |
| Practice Strategic Communications India Private Limited | •••• | •••• | •••• |
| Acme Services Private Limited | •••• | •••• | •••• |
| Fast Lane Automotive Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Coverstack Technologies Private Limited
Employment history and EPFO contributions of people linked to Coverstack Technologies.
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.
Group Structure of Coverstack Technologies Private Limited
Coverstack Technologies has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Recent Activity on Coverstack Technologies Private Limited
Coverstack Technologies Private Limited has 23 board changes on record since 2012: 4 appointments and 19 cessations. The latest: Jyotsna Krishnan was appointed as Nominee Director on 20 Nov 2025.
43 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Coverstack Technologies 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.
Subsidiaries & Group Companies of Coverstack Technologies 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 Coverstack Technologies Private Limited
Coverstack Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG0349R1Z5 | Maharashtra | 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 Coverstack Technologies 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.
Related news about Coverstack Technologies Private Limited
Frequently Asked Questions about Coverstack Technologies Private Limited
Coverstack Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 15 November 2010 (16+ years old) and is registered under CIN U72200MH2010PTC210076.
Coverstack Technologies reported revenue of ₹56 Cr for FY 2025 (up 1698% YoY).
Coverstack Technologies has 4 current directors:
- Sanjib Jha - Director
- Rahul Dhanasing Bhapkar - Director
- Sandeep Singhal - Additional Director
- Jyotsna Krishnan - Nominee Director
Coverstack Technologies reported a net loss of ₹11.71 Cr (net margin -20.9%) and EBITDA of -₹5.97 Cr (EBITDA margin -10.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Coverstack Technologies is 161% over three years and 40% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Coverstack Technologies is 27AAECG0349R1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Coverstack Technologies is U72200MH2010PTC210076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coverstack Technologies has 7 court cases on record: 6 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Coverstack Technologies was incorporated on 15 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Coverstack Technologies has 17 deals on record (12 funding rounds, 5 secondary share transfers), with disclosed funding of ₹423.95 Cr; the latest was in November 2021.
The peers of Coverstack Technologies by revenue are Naf Technology Services India Private Limited, Thomson Reuters South Asia Private Limited, Patch Software Private Limited, Ubico Networks Private Limited, First Credit ITES Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Jyotsna Krishnan was appointed as Nominee Director on 20 Nov 2025. Sandeep Singhal was appointed as Additional Director on 04 Oct 2025. Rahul Dhanasing Bhapkar ceased to be Additional Director on 08 Jul 2022. Coverstack Technologies has 23 board changes on record in total.