Karvat Cover-More Assist Private Limited - Company Profile

It is a transport and logistics private limited company based in Mumbai, Maharashtra, India, established in 2005.

2005 Mumbai, Maharashtra, India Active

Last Updated: December 21, 2025

About Karvat Cover-More Assist Private Limited

Karvat Cover-More Assist Private Limited, a active private limited company, was established on 30 November 2005 in Mumbai, Maharashtra, India. Engaging in travel & tour services within the information and communication sector, it holds CIN: U63040MH2005PTC157690. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹0.10 M.

Formerly known as Karvat Travel Services Private Limited. It upholds a compliant status. Employing 84 professional, Its leadership includes Charles Barrie Whattam (Director), Paras Harendra Kothari (Whole-Time Director), Justin John Sebire (Additional Director). Past directors included Judith Crompton, Charles Barrie Whattam, Rangamani Kala. It holds no open charges and ₹7.75 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at E Wing, 10Th Floor, Office 2, Times Square,, Andheri Kurla Road, Opp Mital Industrial Estate, Marol, Andheri (East), Mumbai, Maharashtra, 400059.

Company Details

CIN/LLPIN
U63040MH2005PTC157690
Registration Number
157690
Incorporation Date
30 November 2005
Authorized Capital
₹1.00 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.00 M as on 21-12-2025
Paid Up Capital ₹ 0.10 M as on 21-12-2025
Company Age 20 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 7.75 Cr as on 21-12-2025
Revenue Growth **** 10.83% (FY 2023)
Profit Growth **** -34.19% (FY 2023)
Ebitda **** -15.54% (FY 2023)
Net Worth 62.90% (FY 2023)
Total Assets -18.83% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Karvat Cover-More Assist Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Karvat Cover-More Assist Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Charles Barrie Whattam	Director	26 Feb 2021	Current
Paras Harendra Kothari	Whole-Time Director	30 May 2022	Current
Justin John Sebire	Additional Director	04 Feb 2025	Current
Khaled Mahmoud Ibrahim	Director	24 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	31 Dec 2021	Past
Pramod Abcsdd	Additional Director	29 Nov 2021	Past
Pramod Abcsdd	Additional Director	19 Jan 2021	Past
Pramod Abcsdd	Chief Financial Officer	-	Past
Pramod Abcsdd	Whole-Time Director	28 Feb 2021	Past
Pramod Abcsdd	Additional Director	16 Feb 2024	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Karvat Cover-More Assist.

Karvat Cover-More Assist Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.83% increase. The company also saw a substantial fall in profitability, with a 34.19% decrease in profit. The company's net worth Soared by an impressive increase of 62.9%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

10.83%

*******

Revenue from Operations

*******

12.48%

*******

Total Assets

*******

-18.83%

*******

Profit or Loss

*******

-34.19%

*******

Net Worth

*******

62.90%

*******

EBITDA

*******

-15.54%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Karvat Cover-More Assist?

In 2023, Karvat Cover-More Assist had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹77,500,000.00

Charges Breakdown by Lending Institutions

Standard Chartered Bank : 7.75 Cr

Latest Charge Details

Date	Lender	Amount	Status
04 Jul 2018	Standard Chartered Bank	₹4.63 Cr	Satisfied
29 Mar 2017	Standard Chartered Bank	₹3.13 Cr	Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Karvat Cover-More Assist?

Karvat Cover-More Assist has a workforce of 84 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Karvat Cover-More Assist, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Karvat Cover-More Assist's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Karvat Cover-More Assist

Recent Activity within the Organization

Annual General Meeting

Karvat Cover-More Assist Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Director Appointment

The activity Khaled Mahmoud Ibrahim was appointed as a Director was appointed as a Director on 24 Sep 2025 & has been associated with this company since 5 months 11 days . was completed.
24 Sep 2025
Balance Sheet

The activity Karvat Cover-More Assist Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Justin John Sebire was appointed as a Additional Director was appointed as a Additional Director on 04 Feb 2025 & has been associated with this company since 1 year 29 days . was recorded as a recent event.
04 Feb 2025
Charges

The activity A charge registered on 04 Jul 2018 via Charge ID 100191378 with Standard Chartered Bank was fully satisfied on 24 Aug 2022. was completed.
24 Aug 2022
Director Appointment

Progress on Paras Harendra Kothari was appointed as a Whole-time director was appointed as a Whole-time director on 30 May 2022 & has been associated with this company since 3 years 9 months . was documented.
30 May 2022

Explore recent activity and updates - View Recent Activity