About Karvy Global Services Limited
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Karvy Global Services Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Consultants Limited. It operates in the business process outsourcing sector. It was incorporated on 10 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65993TG2000PLC035437. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.75 Cr. It is led by directors including Murali Krishna Chakka and Janardhanan Ramaswamy.
Its last annual general meeting (AGM) was held on 13 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Karvy House.46 Avenue4 St.No.1 Banjara Hills Hyd – 34. .1 Banjara Hills Hyd – 34., Hyderabad, Telangana, India.
As per the financials filed for FY 2021, the company reported a revenue of ₹98.68 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.58 Cr (net margin -159.9%) and EBITDA of -₹2.41 Lakh (EBITDA margin -2.4%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Karvy Global Srvcs and Karvy. As per MCA filings, the company has open charges of ₹105 Cr and satisfied charges of ₹374 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvyglobal.com.
Company details
CIN history
Karvy Global Services has one previous CIN (Corporate Identification Number): U65993AP2000PLC035437. The current CIN is U65993TG2000PLC035437, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TG2000PLC035437 | Current |
| U65993AP2000PLC035437 | Previous |
Contact details
Karvy Global Services Limited's registered office is in Hyderabad, Telangana. Its website is karvyglobal.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKarvy House.46 Avenue4 St.No.1 Banjara Hills Hyd – 34. .1 Banjara Hills Hyd – 34., Hyderabad, Telangana, India
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Karvy Global 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 Global Services operates two associated brands: Karvy Global Srvcs and Karvy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers financing and insurance services to clients. | karvyglobal.com | |
| Financial services and wealth management are provided by Karvy. | karvy.com |
Business activity
The main business activity of Karvy Global Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Karvy Global Services Limited, buy the company report.
Financials of Karvy Global Services Limited
FY 2021 filings availableKarvy Global Services Limited reported revenue of ₹98.68 Lakh (down 33% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 33% fall in the latest year. EBITDA fell 105% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹98.68 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.41 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.58 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | ||||
| Net Profit Margin | -159.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Karvy Global Services Limited, buy the company report.
Board of directors of Karvy Global Services Limited
Karvy Global Services has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murali Krishna Chakka | Director | 07 Mar 2019 | 7 Years 8 Months | Current |
| Janardhanan Ramaswamy | Director | 21 Jan 2014 | 12 Years 9 Months | Current |
| Siva Ramakrishna Mulpuri Also directs: Karvy Infrastructure Resources Private Limited, Karvy Comtrade Limited, Karvy Investment Advisory Services Limited and 2 more | Director | 31 Dec 2004 | 21 Years 10 Months | Current |
Auditor
Karvy Global Services Limited is audited by LALITH PRASAD AND CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALITH PRASAD AND CO | FY 2021 | 008089S |
Shareholding
The shareholding of Karvy Global Services Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Global Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2017 | 100186293 | Hdfc Bank Limited | ₹105 Cr | Open | |
| 28 Apr 2016 | 100034447 | Others | ₹59 Cr | Satisfied | |
| 12 Oct 2011 | 10315842 | Idbi Trusteeship Services Limited | ₹315 Cr | Satisfied |
To see the full charge records of Karvy Global Services Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Karvy Global Services Limited has 11 court cases on record: 4 filed by Karvy Global Services, 7 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 3 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (CRLRC) | Filed by the company against HDFC Bank Limited and 1 other | Pending |
| District court, West, Delhi | Civil suit | Filed against the company by Tata Power Delhi Distribution Ltd. | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company by Karvy Realty (India) Limited | Disposed |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by The Principal Commissioner of Income Tax-2 | Pending |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by The PR. Commissioner of Income Tax-2 | Pending |
To see the full case history of Karvy Global 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karvy Global Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karvy Global Services Limited has a workforce of 11 employees on its EPFO records as of Apr 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 11 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Karvy Global Services Limited, buy the company report.
GST
Karvy Global Services has 2 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 Global Services Limited, buy the company report.
Recent activity
Karvy Global Services Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Murali Krishna Chakka ceased to be Director on 01 Jun 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Karvy Global Services is an active public limited company based in Hyderabad, Telangana, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 10 October 2000 (26+ years old) and is registered under CIN U65993TG2000PLC035437.
Karvy Global Services has 3 current directors:
- Murali Krishna Chakka - Director
- Janardhanan Ramaswamy - Director
- Siva Ramakrishna Mulpuri - Director
The latest financial statements of Karvy Global Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 13 September 2021. Year-wise statements from 2015 are in the company report.
No. Karvy Global Services has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karvy Global Services is U65993TG2000PLC035437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Global Services has 11 court cases on record: 4 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Karvy Global Services was incorporated on 10 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Hyderabad.
Murali Krishna Chakka ceased to be Director on 01 Jun 2022. Janardhanan Ramaswamy ceased to be Director on 22 May 2022. Ganesh Venkatachalam ceased to be Director on 20 Mar 2019. Karvy Global Services has 10 board changes on record in total.
Karvy Global Services can be reached through the website karvyglobal.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Karvy Global Services is at Karvy House.46 Avenue4 St.No.1 Banjara Hills Hyd – 34. .1 Banjara Hills Hyd – 34., Hyderabad, Telangana, India.
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