About Karvy Digikonnect Limited
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Karvy Digikonnect Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Karvy Data Management Services Limited. It operates in the business process outsourcing sector. It was incorporated on 13 July 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U84200DL1992PLC219215. The company has 17 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹54.5 Cr. It was formerly known as Digicall Teleservices Private Limited and Karvy Digikonnect Private Limited. It is led by directors including Mahesh Vijayagopal and Srinivas Penmetsa Varma.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Flat Nos. 502 & 503 5th Floor Arunachal Building 19 Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2020, the company reported a revenue of ₹234.2 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹6.39 Cr (net margin 2.7%) and EBITDA of ₹27.84 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 22% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: DigiCall and Karvy. As per MCA filings, the company has open charges of ₹29.31 Cr and satisfied charges of ₹46.42 Cr on record. Court records list 108 cases involving the company, including 5 filed by the company and 103 filed against it; 60 cases are pending. The company has 8 deals on record (4 convertible or debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.41 Cr; the latest was in September 2017. The company has 6 MSME Form 1 returns on record between 2019 and 2021, listing 491 overdue payments to 51 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 digicall.in.
Company details
Name history
Karvy Digikonnect has undergone 4 name changes throughout its history. The current legal name is Karvy Digikonnect Limited.
| Company Name | Status |
|---|---|
| Karvy Digikonnect Limited | Current |
| Digicall Teleservices Private Limited | Previous |
| Karvy Digikonnect Private Limited | Previous |
| Page Point Services (India) Private Limited | Previous |
| Page Point Services (India) Limited | Previous |
CIN history
Karvy Digikonnect has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U84200DL1992PLC219215, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U84200DL1992PLC219215 | Current |
| U84200DL1992PTC219215 | Previous |
| U84200MH1992PTC067653 | Previous |
Contact details
Karvy Digikonnect Limited's registered office is in New Delhi, Delhi. Its website is digicall.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat Nos. 502 & 503 5th Floor Arunachal Building 19 Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Karvy Digikonnect 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 Digikonnect operates two associated brands: DigiCall and Karvy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive BPO services across multiple sectors. | digicall.in | |
| Financial services and wealth management are provided by Karvy. | karvy.com |
Business activity
The main business activity of Karvy Digikonnect is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Karvy Digikonnect Limited, buy the company report.
Financials of Karvy Digikonnect Limited
FY 2020 filings availableKarvy Digikonnect Limited reported revenue of ₹234.2 Cr (down 9% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 18% 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 | ₹234.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹27.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.39 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Karvy Digikonnect Limited, buy the company report.
Board of directors of Karvy Digikonnect Limited
Karvy Digikonnect has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Vijayagopal Also directs: Karvy Broking (Ifsc) Limited, Karvy Financial Services Limited, Karvy Insurance Repository Limited and 4 more | Director | 05 Sep 2017 | 9 Years 1 Months | Current |
| Srinivas Penmetsa Varma Also directs: Karvy Insurance Repository Limited, Karvy Next Limited, Karvy Renewable Energy Projects Limited and 3 more | Additional Director | 02 Apr 2021 | 5 Years 6 Months | Current |
| Sridhar Gudimella Also directs: Karvy Next Limited, Heartlands Infrastructure Private Limited, Meteor Infrastructure & Projects Private Limited and 2 more | Additional Director | 28 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Karvy Digikonnect Limited is audited by Lalith Prasad and Co for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lalith Prasad and Co | FY 2020 | 008089S |
Shareholding
The shareholding of Karvy Digikonnect Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Digikonnect Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2018 | 100223479 | Others | ₹1.53 Cr | Open | |
| 30 Oct 2017 | 100131711 | Axis Bank Limited | ₹25 Cr | Open | |
| 10 Apr 2017 | 100100502 | Others | ₹89.36 Lakh | Open | |
| 01 Jun 2016 | 100031165 | Others | ₹1.89 Cr | Open | |
| 13 Jul 2015 | 10584548 | Icici Bank Limited | ₹15.3 Lakh | Satisfied |
To see the full charge records of Karvy Digikonnect Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Karvy Digikonnect Limited has 8 deals on record (4 convertible or debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.41 Cr; the latest was in September 2017.
Deals on record (3 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Karvy Data Management Services Limited Seller: Media Matrix Worldwide Limited , Media Matrix Enterprises Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: Infotel Business Solutions Limited. |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Infotel Business Solutions Limited. Seller: an individual |
To see the full deal history of Karvy Digikonnect 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 Digikonnect Limited has 108 court cases on record: 5 filed by Karvy Digikonnect, 103 filed against it. 60 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 88 | 87 | 57 |
| High courts | 11 | 7 | 2 |
| NCLT | 7 | 7 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 108)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed against the company by Idbi Bank Limited | Pending |
| District court, New Delhi, Delhi | Court case (Ex.COMM - Award by Arb. Comm.) | Filed against the company by Kapston Services Limited, Formerly Known As Kapston Facilities Management Limited and 1 other | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Rac Infra Rental LLP | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Rac Infra Rental LLP | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Checkmate Services Pvt. Ltd. | Disposed |
To see the full case history of Karvy Digikonnect 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 Digikonnect 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 Digikonnect Limited, buy the company report.
MSME payment delays
Karvy Digikonnect Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 491 overdue payments to 51 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 51)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MG Consulting Private Limited | |||
| Multifly Business Consulting Services Private Limited | |||
| Novus Connect Pvt Ltd | |||
| Simple Work Solution | |||
| an individual supplier |
To see the full MSME payment records of Karvy Digikonnect Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Karvy Digikonnect has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Digicall Global Private Limited | U72900DL2011PTC216458 |
To see the full group structure of Karvy Digikonnect Limited, buy the company report.
Employees & EPFO
Karvy Digikonnect Limited has a workforce of 1 employees on its EPFO records as of Dec 24, 2025, across 7 active EPFO establishments.
GST
Karvy Digikonnect has 17 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karvy Digikonnect Limited, buy the company report.
Recent activity
Karvy Digikonnect Limited has 22 board changes on record since 2009: 3 appointments and 19 cessations. The latest: Murali Krishna Chakka ceased to be Director on 01 Jun 2022.
28 earlier events are in the company report.
News
Frequently asked questions
Karvy Digikonnect is an active public limited company based in New Delhi, Delhi, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 13 July 1992 (34+ years old) and is registered under CIN U84200DL1992PLC219215.
Karvy Digikonnect has 3 current directors:
- Mahesh Vijayagopal - Director
- Srinivas Penmetsa Varma - Additional Director
- Sridhar Gudimella - Additional Director
The latest financial statements of Karvy Digikonnect on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
No. Karvy Digikonnect has 17 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karvy Digikonnect is U84200DL1992PLC219215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Digikonnect has 108 court cases on record: 5 filed by the company and 103 filed against it. 60 are pending. Most are in the district courts.
Karvy Digikonnect was incorporated on 13 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Delhi.
Karvy Digikonnect has 8 deals on record (4 convertible or debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.41 Cr; the latest was in September 2017.
Murali Krishna Chakka ceased to be Director on 01 Jun 2022. Sridhar Gudimella was appointed as Additional Director on 28 Mar 2022. Sunil Mundiyath Devdas ceased to be Director on 06 Apr 2021. Karvy Digikonnect has 22 board changes on record in total.
Karvy Digikonnect has 6 MSME Form 1 returns on record between 2019 and 2021, listing 491 overdue payments to 51 micro and small suppliers. The latest return was filed on 13 May 2021.
Karvy Digikonnect can be reached through the website digicall.in. Its registered office is in New Delhi, Delhi, India.
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