About Karvy Data Management Services Limited
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Karvy Data Management Services Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Stock Broking Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 21 April 2008.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72300TG2008PLC058738. Its GSTIN is 21AADCK4066C1Z3 (Odisha). The company holds 15 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹24 Cr. It is led by directors including Katta Sundeep Reddy (Managing Director) and Katta Sitaram Reddy.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2020, the company reported a revenue of ₹397.69 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹40.8 Cr (net margin 10.3%) and EBITDA of ₹193.33 Cr (EBITDA margin 48.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 35% over five years.
The company has about 266 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 3 brands: KarvyNext, Karvy Data Management Services and Karvy Data Management. As per MCA filings, the company has open charges of ₹574.36 Cr and satisfied charges of ₹71.58 Cr on record. Court records list 137 cases involving the company, including 41 filed by the company and 99 filed against it; 46 cases are pending. The company has 11 deals on record (8 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹115.7 Cr; the latest was in March 2020. The company has 7 MSME Form 1 returns on record between 2018 and 2021, listing 325 overdue payments to 30 micro and small suppliers.
The last known website on record is karvyclick.com.
Company details
CIN history
Karvy Data Management Services has one previous CIN (Corporate Identification Number): U72300AP2008PLC058738. The current CIN is U72300TG2008PLC058738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300TG2008PLC058738 | Current |
| U72300AP2008PLC058738 | Previous |
Contact details
Karvy Data Management Services Limited's registered office is in Hyderabad, Telangana. Its website is karvyclick.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKarvy Gateway Plot No. 38 39 Nanakramguda Financial District, Gachibowli India, Hyderabad, Telangana, India – 500032
- IndustryInformation Technology, Database Management & Solutions
To see the full contact details of Karvy Data Management Services 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
Brands
Karvy Data Management Services operates multiple associated brands including KarvyNext, Karvy Data Management Services, and Karvy Data Management. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive e-commerce solutions tailored for retailers. | karvynext.com | |
| BPO services in data management are provided from India. | kdms.in | |
| KYC and data management services are offered in the financial sector for regulatory compliance. | karvykra.com |
Business activity
The main business activity of Karvy Data Management Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| 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 |
To see the full business activity and turnover split of Karvy Data Management Services Limited, buy the company report.
Financials of Karvy Data Management Services Limited
FY 2020 filings availableKarvy Data Management Services Limited reported revenue of ₹397.69 Cr (down 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 17% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹397.69 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹193.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.6% | ||||
| Net Profit Margin | 10.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Karvy Data Management Services Limited, buy the company report.
Board of directors of Karvy Data Management Services Limited
Karvy Data Management Services has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Katta Sitaram Reddy Also directs: Bright Vision Management LLP, Matha Swacha Wahan Seva LLP, Dynamic Techno Power Private Limited and 5 more | Director | 21 Dec 2024 | 1 Years 10 Months | As last reported |
| Anshuman Modugu Reddy | Director | 21 Dec 2024 | 1 Years 10 Months | As last reported |
| Praveena Katta Also directs: Matha Swacha Wahan Seva LLP, Sangamam Sharp JV Private Limited, Sangamam Neo Wind Ventures Private Limited and 5 more | Director | 21 Dec 2024 | 1 Years 10 Months | As last reported |
| Katta Sundeep Reddy Also directs: Idnor Technologies Private Limited, Smart Gen Software Solutions Private Limited, Miven Machine Tools Limited and 4 more | Managing Director | 26 Mar 2025 | 1 Years 7 Months | As last reported |
Auditor
Karvy Data Management Services Limited is audited by SSMS & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SSMS & Co. | FY 2020 | 014358S |
Shareholding
The shareholding of Karvy Data Management Services Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Karvy Data Management Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2022 | 100612639 | The South Indian Bank Limited | ₹1 Cr | Open | |
| 20 Dec 2019 | 100334483 | Others | ₹100 Cr | Open | |
| 05 Dec 2019 | 100316206 | Idbi Trusteeship Services Limited | ₹5 Cr | Open | |
| 13 Nov 2019 | 100305305 | Sbicap Trustee Company Limited | ₹12.15 Cr | Open | |
| 11 Oct 2019 | 100297220 | Idbi Trusteeship Services Limited | ₹17 Cr | Open |
To see the full charge records of Karvy Data Management Services Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Karvy Data Management Services Limited has 11 deals on record (8 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹115.7 Cr; the latest was in March 2020.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Icici Bank Limited , BAJAJ FINANCE LTD (BFL) Seller: Karvy Stock Broking Limited , Karvy Realty (India) Limited |
| Mar 2020 | Acquisition | Undisclosed | Buyer: Defmacro Software Private Limited |
| Mar 2019 | Funding round | ₹9.8 Cr | Investors: Karvy Realty (India) Limited |
| Mar 2018 | Funding round | ₹25.5 Cr | Investors: Karvy Realty (India) Limited |
| Mar 2017 | Funding round | ₹18 Cr | Investors: Karvy Realty (India) Limited |
To see the full deal history of Karvy Data Management Services 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 Data Management Services Limited has 137 court cases on record: 41 filed by Karvy Data Management Services, 99 filed against it. 46 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 52 | 26 |
| High courts | 46 | 24 | 13 |
| NCLT | 25 | 16 | 0 |
| NCLAT | 5 | 5 | 4 |
| Supreme Court | 3 | 2 | 3 |
Cases on record (5 of 137)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Panchsheel Plastics Pvt Ltd THR Its Director and 1 other | Pending |
| District court, BALLARI, Karnataka | Court case (CRL.R.P.) | Filed by the company against B.K.G M Sand and Aggregates Private Limited, R/By Its Bavihalli Rudra Gouda | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Shree Maruti Integrated Logistics Ltd Through Mr. Sanjay Naranbhai Makariya | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Lan Finance Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Lan Finance Pvt. Ltd. | Pending |
To see the full case history of Karvy Data Management Services 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.
Credit ratings & regulatory alerts
Karvy Data Management Services Limited was last rated by Crisil on 15 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Apr 2020 |
To see the full credit ratings and regulatory alerts of Karvy Data Management Services Limited, buy the company report.
MSME payment delays
Karvy Data Management Services Limited has 7 MSME Form 1 returns on record between 2018 and 2021, listing 325 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maddala Industries -Hyderabad | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Karvy Data Management Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Karvy Data Management Services has 7 subsidiary companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sciknow Techno Solutions Limited | U72200CT2014PLC001604 | |
| Digicall Global Private Limited | U72900DL2011PTC216458 | |
| Karvy Next Limited | U72900TG2017PLC119880 | |
| Karvy Forde Search Private Limited | U74140TG2001PTC036741 | |
| Karvy Renewable Energy Projects Limited | U74999TG2016PLC110676 | |
| Karvy Digikonnect Limited | U84200DL1992PLC219215 |
To see the full group structure of Karvy Data Management Services Limited, buy the company report.
Employees & EPFO
Karvy Data Management Services Limited has a workforce of 266 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Karvy Data Management Services has 15 GST registrations: 3 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCK4066C1Z3 | Odisha | Active | 01 Jul 2017 |
| 23AADCK4066C1ZZ | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AADCK4066C1ZX | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Data Management Services Limited, buy the company report.
Recent activity
Karvy Data Management Services Limited has 19 board changes on record since 2008: 4 appointments and 15 cessations. The latest: Katta Sundeep Reddy was appointed as Managing Director on 26 Mar 2025.
48 earlier events are in the company report.
News
Frequently asked questions
Karvy Data Management Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Karvy Data Management Services is a company under insolvency, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 21 April 2008 and is registered under CIN U72300TG2008PLC058738. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Karvy Data Management Services has 4 current directors:
- Katta Sundeep Reddy - Managing Director
- Katta Sitaram Reddy - Director
- Anshuman Modugu Reddy - Director
- Praveena Katta - Director
The latest financial statements of Karvy Data Management Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Karvy Data Management Services is U72300TG2008PLC058738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Data Management Services has open charges of ₹574.36 Cr and satisfied charges of ₹71.58 Cr as per latest MCA filings.
Karvy Data Management Services has 137 court cases on record: 41 filed by the company and 99 filed against it. 46 are pending. Most are in the district courts.
Karvy Data Management Services was incorporated on 21 April 2008. It is registered with the Registrar of Companies, Hyderabad.
Karvy Data Management Services has 11 deals on record (8 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹115.7 Cr; the latest was in March 2020.
Katta Sundeep Reddy was appointed as Managing Director on 26 Mar 2025. Katta Sundeep Reddy ceased to be Additional Director on 26 Mar 2025. Suhasini Ashok Bakka ceased to be Irp/Rp/Liquidator on 28 Jan 2025. Karvy Data Management Services has 19 board changes on record in total.
Karvy Data Management Services has 7 MSME Form 1 returns on record between 2018 and 2021, listing 325 overdue payments to 30 micro and small suppliers. The latest return was filed on 13 May 2021.