About Karvy Consultants Limited
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Karvy Consultants Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 July 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74140TG1981PLC003122. Its GSTIN is 36AAACK4247L1ZD (Telangana). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹4.23 Cr. It was formerly known as Karvy Consultants Private Limited. It is led by directors including Comandur Parthasarathy and Siva Ramakrishna Mulpuri.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 46 Avenue 4 Street No. 1 Banjara Hills Hyderabad, Telangana, India – 500034.
As per the financials filed for FY 2019, the company reported a revenue of ₹88.84 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹12.53 Cr (net margin -14.1%) and EBITDA of -₹1.68 Cr (EBITDA margin -1.9%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: Karvy. As per MCA filings, the company has open charges of ₹150.64 Cr and satisfied charges of ₹917.25 Cr on record. Court records list 1,486 cases involving the company, including 69 filed by the company and 1,417 filed against it; 26 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in April 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvy.com.
Company details
CIN history
Karvy Consultants has one previous CIN (Corporate Identification Number): U74140AP1981PLC003122. The current CIN is U74140TG1981PLC003122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140TG1981PLC003122 | Current |
| U74140AP1981PLC003122 | Previous |
Contact details
Karvy Consultants Limited's registered office is in Hyderabad, Telangana. Its website is karvy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address46 Avenue 4 Street No. 1 Banjara Hills Hyderabad, Telangana, India – 500034
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Karvy Consultants Limited, buy the company report.
- 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
Business activity
The main business activity of Karvy Consultants is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Karvy Consultants Limited, buy the company report.
Financials of Karvy Consultants Limited
FY 2018 filings availableKarvy Consultants Limited reported revenue of ₹88.84 Cr (down 48% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over three years, including a 48% fall in the latest year. EBITDA fell 103% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹88.84 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.9% | ||||
| Net Profit Margin | -14.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Karvy Consultants Limited, buy the company report.
Board of directors of Karvy Consultants Limited
Karvy Consultants has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Comandur Parthasarathy Also directs: Karvy Comtrade Limited, Karvy Investment Advisory Services Limited, Karvy Investor Services Limited and 4 more | Director | 23 Jul 1981 | 45 Years 3 Months | Current |
| Bharat Naidu Bobbili Also directs: Karvy Realty & Services Limited, Karvy Forex & Currencies Private Limited, Compar Estates and Agencies Private Limited and 5 more | Additional Director | 03 Sep 2020 | 6 Years 1 Months | Current |
| Siva Ramakrishna Mulpuri Also directs: Karvy Infrastructure Resources Private Limited, Karvy Comtrade Limited, Karvy Global Services Limited and 2 more | Director | 23 Nov 1981 | 44 Years 11 Months | Current |
Auditor
Karvy Consultants Limited is audited by LALITH PRASAD AND CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALITH PRASAD AND CO | FY 2019 | 008089S |
Shareholding
The shareholding of Karvy Consultants Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Consultants Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2018 | 100208908 | Others | ₹38.36 Cr | Open | |
| 21 May 2018 | 100188030 | Hdfc Bank Limited | ₹1.22 Cr | Open | |
| 25 Oct 2017 | 100187682 | Hdfc Bank Limited | ₹105 Cr | Open | |
| 28 Apr 2003 | 80029275 | Andhra Bank Limited | ₹4.8 Cr | Open | |
| 31 Mar 1995 | 90130816 | Itc Bhadrachalam Finance & Investments Ltd | ₹1.27 Cr | Open |
To see the full charge records of Karvy Consultants Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Karvy Consultants Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in April 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: M S Ramakrishna HUF |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: C Parthasarathy HUF, an individual Seller: 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Karvy Consultants Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karvy Consultants Limited has 1,486 court cases on record: 69 filed by Karvy Consultants, 1,417 filed against it. 26 cases are pending and 1,460 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,341 | 1,283 | 14 |
| District courts | 139 | 130 | 11 |
| Supreme Court | 3 | 2 | 0 |
| NCLT | 3 | 2 | 1 |
Cases on record (5 of 1,486)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S. Kapston Services Limited | Pending |
| High Court for State of Telangana | Court case (CRLRC) | Filed by the company against HDFC Bank Limited and 1 other | Pending |
| Bombay High Court | Appeal | Filed against the company by M/S. Maditya Investment Finance Private Limited Thr.Its Director S.S. Biyani | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Zodiac Financial Consultancy and Investments P Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Zodiac Financial Consultancy and Investments P Ltd Through Auth Mohan Narayan Alise Narayandas Ahuja | Pending |
To see the full case history of Karvy Consultants 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
No delayed payments to MSME suppliers are on our record for Karvy Consultants Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karvy Consultants has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Karvy Infrastructure Resources Private Limited | U45400TG2009PTC062776 | |
| Karvy Global Services Limited | U65993TG2000PLC035437 | |
| Karvy Insurance Repository Limited | U72900TG2011PLC077244 | |
| Karvy Insights Limited | U73200TG2015PLC097698 | |
| Karvy Analytics Limited | U74900TG2015PLC097851 | |
| Shorapur Solar Power Limited | U74999TG2016PLC109774 |
To see the full group structure of Karvy Consultants Limited, buy the company report.
Employees & EPFO
Karvy Consultants Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Karvy Consultants has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACK4247L1ZD | Telangana | Active | 01 Jul 2017 |
| 24AAACK4247L1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Consultants Limited, buy the company report.
Recent activity
Karvy Consultants Limited has 6 board changes on record since 1981: 3 appointments and 3 cessations. The latest: Bharat Naidu Bobbili was appointed as Additional Director on 03 Sep 2020.
41 earlier events are in the company report.
News
Frequently asked questions
Karvy Consultants is an active public limited company based in Hyderabad, Telangana, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 July 1981 (45+ years old) and is registered under CIN U74140TG1981PLC003122.
Karvy Consultants has 3 current directors:
- Comandur Parthasarathy - Director
- Bharat Naidu Bobbili - Additional Director
- Siva Ramakrishna Mulpuri - Director
The latest financial statements of Karvy Consultants on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Karvy Consultants is 36AAACK4247L1ZD, registered in Telangana. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 24AAACK4247L1ZI (Gujarat).
The CIN (Corporate Identification Number) of Karvy Consultants is U74140TG1981PLC003122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Consultants has 1,486 court cases on record: 69 filed by the company and 1,417 filed against it. 26 are pending. Most are in the high courts.
Karvy Consultants was incorporated on 23 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Hyderabad.
Karvy Consultants has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in April 2017.
Bharat Naidu Bobbili was appointed as Additional Director on 03 Sep 2020. Yugandhar Meka ceased to be Managing Director on 01 Jul 2020. Adhiraj Parthasarathy ceased to be Whole-Time Director on 21 Feb 2019. Karvy Consultants has 6 board changes on record in total.
Karvy Consultants can be reached through the website karvy.com. Its registered office is in Hyderabad, Telangana, India.