MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-UP-28-0000709
Karvy Innotech Limited - information technology in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹57.73 Cr
▲ 61% YoY
Net profit · FY 2025
₹77 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹2.46 Cr
EBITDA margin 4.3%
Authorised capital
₹102.1 Cr
Registered with MCA
Paid-up capital
₹10.5 Cr
Issued & subscribed
Open charges
₹100 Cr
Satisfied ₹5,877 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
491
Provident fund records
About Karvy Innotech Limited
Data last updated:
Karvy Innotech Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Karvy Data Management Services Limited. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 28 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL2012PLC242938. Its GSTIN is 02AADCH0303D1ZO (Himachal Pradesh). The company holds 19 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹102.1 Cr and a paid-up capital of ₹10.5 Cr. It was formerly known as Hcl Services Limited and Karvy Techserve Limited. It is led by directors including Ravi Venkatraman (Managing Director) and Preetam Kumar Gupta.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No. 106 Plot No. S 524 First Floor, Shakarpur, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.73 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹77 Lakh (net margin 1.3%) and EBITDA of ₹2.46 Cr (EBITDA margin 4.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 21% over five years.
The company has about 491 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karvy. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹5,877 Cr on record. Court records list 45 cases involving the company, including 20 filed by the company and 25 filed against it; 7 cases are pending. The company has 5 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹94.65 Cr; the latest was in June 2018. The company has 26 MSME Form 1 returns on record between 2018 and 2024, listing 904 overdue payments to 74 micro and small suppliers.
Karvy Innotech Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0000709). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvyinnotech.com.
Company details
CIN U93000DL2012PLC242938
Registration Number 242938
Incorporation Date 28 September 2012
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Karvy Data Management Services Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-28-0000709
Name history
Karvy Innotech has undergone 4 name changes throughout its history. The current legal name is Karvy Innotech Limited.
| Company Name | Status |
|---|---|
| Karvy Innotech Limited | Current |
| Hcl Services Limited | Previous |
| Karvy Techserve Limited | Previous |
| Hcl Care Limited | Previous |
| Karvy Techserve (India) Limited | Previous |
Key People
Ravi Venkatraman Managing Director Preetam Kumar Gupta Director Katta Sundeep Reddy Additional Director Recognitions & Rankings of Karvy Innotech
Contact details
Karvy Innotech Limited's registered office is in New Delhi, Delhi. Its website is karvyinnotech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 106 Plot No. S 524 First Floor, Shakarpur, New Delhi, Delhi, India – 110092
- IndustryInformation Technology, IT Infrastructure Management & Services
To see the full contact details of Karvy Innotech Limited, buy the company report.
Comprehensive company report
Karvy Innotech 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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Business activity
The main business activities of Karvy Innotech are professional, scientific and technical and information and communication. In detail, this covers other professional, scientific and technical activities and publishing of computer operating systems, system software, application software, games, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | |
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Karvy Innotech Limited, buy the company report.
Financials of Karvy Innotech Limited
FY 2025 filings availableKarvy Innotech Limited reported revenue of ₹57.73 Cr (up 61% YoY) for FY 2025.
Revenue · FY 2025
₹57.73 Cr ▲ 61%
Net profit · FY 2025
₹77 Lakh margin 1.3%
EBITDA · FY 2025
₹2.46 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▼ 10%
5 years · compounded
▼ 21%
EBITDA CAGR growth
1 year
▼ 64%
3 years · compounded
▼ 34%
5 years · compounded
▼ 39%
Revenue rose 61% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 64% 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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| Total Expenses | |||||
| EBITDA | ₹2.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Karvy Innotech Limited, buy the company report.
Board of directors of Karvy Innotech Limited
Karvy Innotech has 4 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preetam Kumar Gupta | Director | 18 Aug 2022 | 4 Years 2 Months | Current |
| Katta Sundeep Reddy Also directs: Miven Machine Tools Limited, Karvy Robotics Private Limited, Karvy Tech Ventures Private Limited and 3 more | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
| Ravi Venkatraman | Managing Director | 15 Jun 2018 | 8 Years 4 Months | Current |
| Pavani Gajarla | Additional Director | 12 Jan 2026 | 0 Years 9 Months | Current |
Auditor
Karvy Innotech Limited is audited by Lalith Prasad and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lalith Prasad and Co. | FY 2023 | 008089S |
Shareholding
The shareholding of Karvy Innotech 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Innotech Limited, buy the company report.
Charges & borrowings
Open charges
₹100 Cr
Satisfied charges
₹5,877 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2019 | 100325150 | Others | ₹100 Cr | Satisfied | |
| 22 May 2017 | 100104399 | Sbicap Trustee Company Limited | ₹435 Cr | Satisfied | |
| 30 Mar 2017 | 100092539 | Sbicap Trustee Company Limited | ₹1,780 Cr | Satisfied | |
| 02 Feb 2017 | 100077125 | Others | ₹150 Cr | Satisfied | |
| 02 Feb 2017 | 100077144 | Others | ₹100 Cr | Satisfied |
To see the full charge records of Karvy Innotech Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Karvy Innotech Limited has 5 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹94.65 Cr; the latest was in June 2018.
Total deals
5
Rights issues
2
Debt financing
1
Secondary share transfer
1
Acquisition
1
Disclosed funding
₹94.65 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Karvy Data Management Services Limited Seller: Hcl Infosystem Limited |
| May 2018 | Debt financing | ₹94.65 Cr | Investors: Hcl Infosystem Limited |
| May 2018 | Rights issue | ₹10.42 Cr | Investors: Hcl Infosystem Limited |
| Sep 2017 | Acquisition | Undisclosed | Buyer: Konica Minolta Business Solutions India Private Limited Seller: Karvy Innotech Limited |
| Oct 2015 | Rights issue | ₹250 Cr | Investors: Hcl Infosystem Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karvy Innotech Limited has 45 court cases on record: 20 filed by Karvy Innotech, 25 filed against it. 7 cases are pending and 38 are disposed.
Total cases
45
Filed by the company
20
Filed against the company
25
Pending
7
Disposed
38
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 17 | 6 |
| High courts | 13 | 5 | 1 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Tata Consultancy Services Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Tata Consultancy Services Limited and Ors | Disposed |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Aditya Birla Finance Limited | Disposed |
| High Court | Court case (CARBP) | Filed against the company by Aditya Birla Finance Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Tata Consultancy Services Limited | Disposed |
To see the full case history of Karvy Innotech Limited, buy the company report.
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
Karvy Innotech Limited has 26 MSME Form 1 returns on record between 2018 and 2024, listing 904 overdue payments to 74 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 74)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Repertech | |||
| an individual supplier | |||
| Axenic Water Private Limited | |||
| TPM Guru Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Karvy Innotech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Karvy Innotech Limited has a workforce of 491 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
491
Active EPFO establishments
1
Employee growth
-37.69%
GST
Karvy Innotech has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
18
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AADCH0303D1ZO | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AADCH0303D1ZM | Punjab | Active | 01 Jul 2017 |
| 04AADCH0303D1ZK | Chandigarh | Active | 01 Jul 2017 |
| 05AADCH0303D1ZI | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Innotech Limited, buy the company report.
Recent activity
Karvy Innotech Limited has 30 board changes on record since 2013: 4 appointments and 26 cessations. The latest: Pavani Gajarla was appointed as Additional Director on 12 Jan 2026.
Appointed
Pavani Gajarla was appointed as Additional Director.
Appointed
Katta Sundeep Reddy was appointed as Additional Director.
AGM
Karvy Innotech Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge registered on 20 Dec 2019 via Charge ID 100325150 with Others was fully satisfied on 08 Apr 2025.
Filing
Karvy Innotech Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Abdul Bari Mohammad ceased to be Additional Director.
Ceased
Preetam Kumar Gupta ceased to be Additional Director.
Appointed
Preetam Kumar Gupta was appointed as Director.
Ceased
Murali Krishna Chakka ceased to be Director.
Ceased
Tilak Rawat ceased to be Company Secretary.
Charges
A charge registered on 30 Mar 2017 via Charge ID 100092539 with Sbicap Trustee Company Limited was fully satisfied on 13 May 2021.
Ceased
Pawan Jain ceased to be Company Secretary.
33 earlier events are in the company report.
News
Frequently asked questions
Karvy Innotech is an active public limited company based in New Delhi, Delhi, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 28 September 2012 (14+ years old) and is registered under CIN U93000DL2012PLC242938.
Karvy Innotech has 4 current directors:
- Ravi Venkatraman - Managing Director
- Preetam Kumar Gupta - Director
- Katta Sundeep Reddy - Additional Director
- Pavani Gajarla - Additional Director
The latest financial statements of Karvy Innotech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karvy Innotech is 02AADCH0303D1ZO, registered in Himachal Pradesh. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 03AADCH0303D1ZM (Punjab), 04AADCH0303D1ZK (Chandigarh), 05AADCH0303D1ZI (Uttarakhand).
The CIN (Corporate Identification Number) of Karvy Innotech is U93000DL2012PLC242938. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Innotech has 45 court cases on record: 20 filed by the company and 25 filed against it. 7 are pending. Most are in the district courts.
Karvy Innotech was incorporated on 28 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Karvy Innotech has 5 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹94.65 Cr; the latest was in June 2018.
Pavani Gajarla was appointed as Additional Director on 12 Jan 2026. Katta Sundeep Reddy was appointed as Additional Director on 01 Dec 2025. Abdul Bari Mohammad ceased to be Additional Director on 30 Jan 2025. Karvy Innotech has 30 board changes on record in total.
Yes, Karvy Innotech is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-28-0000709).
Karvy Innotech has 26 MSME Form 1 returns on record between 2018 and 2024, listing 904 overdue payments to 74 micro and small suppliers. The latest return was filed on 30 Apr 2024.