MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0139874
Nivaata Systems Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹178.52 Cr
▲ 54% YoY
Net loss · FY 2025
₹5.39 Cr
Net margin -3%
EBITDA · FY 2025
-₹1.3 Cr
EBITDA margin -0.7%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹9.1 Lakh
Issued & subscribed
Open charges
₹33 Cr
Satisfied ₹9.3 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
354
Provident fund records
About Nivaata Systems Private Limited
Data last updated:
Nivaata Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC044465. Its GSTIN is 29AACCN6409K1Z5 (Karnataka). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.1 Lakh. It is led by directors including Sriram Kannan (Whole-Time Director) and Kavitha Ramachandragowda Avaragere (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹178.52 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net loss of ₹5.39 Cr (net margin -3%) and EBITDA of -₹1.3 Cr (EBITDA margin -0.7%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years and 32% over five years.
The company has about 354 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: COCO Rides, Verayu and Routematic. As per MCA filings, the company has open charges of ₹33 Cr and satisfied charges of ₹9.3 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 36 deals on record (18 funding rounds, 10 secondary share transfers, 4 convertible or debt financings), with disclosed funding of ₹144.36 Cr; the latest was in July 2025.
Nivaata Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0139874). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website routematic.com.
Company details
CIN U72200KA2007PTC044465
Registration Number 044465
Incorporation Date 23 November 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0139874
Key People
Sriram Kannan Whole-Time Director Kavitha Ramachandragowda Avaragere Whole-Time Director Akhil Jain Additional Director Recognitions & Rankings of Nivaata Systems
Contact details
Nivaata Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is routematic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAkemps #28 3rd Main First Cross Ejipura Inner Ring Road Ashwini Layout Koraman, Gala, Bangalore, Karnataka, India – 560047
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Nivaata Systems Private Limited, buy the company report.
Comprehensive company report
Nivaata Systems Private Limited - one report that includes everything
- 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
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Brands
Nivaata Systems operates multiple associated brands including COCO Rides, Verayu, and Routematic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shared commuting service for corporate employees via app in Bengaluru. | cocorides.com | |
| Provides asset tracking, employee transportation, and logistics management solutions. | verayu.com | |
| Provider of employee transportation management platform with fleet and technology solutions | routematic.com |
Business activity
The main business activity of Nivaata Systems 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 Nivaata Systems Private Limited, buy the company report.
Financials of Nivaata Systems Private Limited
FY 2025 filings availableNivaata Systems Private Limited reported revenue of ₹178.52 Cr (up 54% YoY) for FY 2025.
Revenue · FY 2025
₹178.52 Cr ▲ 54%
Net loss · FY 2025
₹5.39 Cr margin -3%
EBITDA · FY 2025
-₹1.3 Cr margin -0.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 115%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 145%
3 years · compounded
▲ 47%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 54% growth in the latest year. EBITDA fell 145% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.3 Cr | ||||
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| Net Profit (PAT) | -₹5.39 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.7% | ||||
| Net Profit Margin | -3% | ||||
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To see the full financial statements and ratios of Nivaata Systems Private Limited, buy the company report.
Board of directors of Nivaata Systems Private Limited
Nivaata Systems has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriram Kannan | Whole-Time Director | 23 Nov 2007 | 18 Years 11 Months | Current |
| Kavitha Ramachandragowda Avaragere | Whole-Time Director | 01 Nov 2012 | 13 Years 11 Months | Current |
| Akhil Jain | Additional Director | 20 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Nivaata Systems Private Limited is audited by N.C.S. Raghavan & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.C.S. Raghavan & Co. | FY 2024 | 007335S |
Shareholding
The shareholding of Nivaata Systems Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nivaata Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹33 Cr
Satisfied charges
₹9.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2025 | 101110419 | Others | ₹8 Cr | Open | |
| 04 Feb 2025 | 101041951 | Yes Bank Limited | ₹10 Cr | Open | |
| 06 Jan 2025 | 101025354 | Sidbi | ₹15 Cr | Open | |
| 23 Sep 2024 | 100985586 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 16 Jan 2021 | 100404253 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Nivaata Systems Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Nivaata Systems Private Limited has 36 deals on record (18 funding rounds, 10 secondary share transfers, 4 convertible or debt financings), with disclosed funding of ₹144.36 Cr; the latest was in July 2025.
Total deals
36
Funding rounds
18
Secondary share transfers
10
Convertible or debt financings
4
Rights issues
3
Disclosed funding
₹144.36 Cr
Deals on record (5 of 36)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Debt financing | ₹15 Cr | Investors: Lighthouse Canton |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: LKP Finance Limited , an individual Seller: an individual |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: LKP Finance Limited Seller: an individual |
| Dec 2020 | Funding round · Pre-Series C | ₹9.96 Cr | Investors: Bosch Limited , LKP Finance Limited , VAMM Ventures, an individual |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: BMP & Co. LLP Seller: an individual |
To see the full deal history of Nivaata Systems Private 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
Nivaata Systems Private Limited has 4 court cases on record: 2 filed by Nivaata Systems, 2 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Ilindra Work Space Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Ilindra Work Space Pvt Ltd., | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Nivaata Systems Private 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 Nivaata Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nivaata Systems Private Limited has a workforce of 354 employees on its EPFO records as of Feb 13, 2025, across 1 active EPFO establishment.
Employee count
354
Active EPFO establishments
1
Employee growth
36.15%
GST
Nivaata Systems has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN6409K1Z5 | Karnataka | Active | 01 Jul 2017 |
| 27AACCN6409K1Z9 | Maharashtra | Active | 05 Feb 2018 |
| 09AACCN6409K1Z7 | Uttar Pradesh | Active | 04 May 2021 |
| 19AACCN6409K1Z6 | West Bengal | Active | 25 Jun 2021 |
To see the full GST registrations and return filing status of Nivaata Systems Private Limited, buy the company report.
Recent activity
Nivaata Systems Private Limited has 15 board changes on record since 2007: 4 appointments and 11 cessations. The latest: Akhil Jain was appointed as Additional Director on 20 Aug 2025.
Charges
A charge registered on 23 Sep 2024 via Charge ID 100985586 with Hdfc Bank Limited was fully satisfied on 08 Oct 2025.
AGM
Nivaata Systems Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Akhil Jain was appointed as Additional Director.
Ceased
Ramanathan Sumanth Kumar ceased to be Nominee Director.
Charges
A charge with Others of Rs. 800.00 Lakh registered on 21 Feb 2025 with Charge ID 101110419 was modified on 30 Jun 2025.
Charges
A charge registered on 16 Jan 2021 via Charge ID 100404253 with Others was fully satisfied on 03 Apr 2025.
Filing
Nivaata Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 800.00 Lakh with Charge ID 101110419 was registered on 21 Feb 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 101041951 was registered on 04 Feb 2025.
Charges
A charge with Sidbi amounted to Rs. 1,500.00 Lakh with Charge ID 101025354 was registered on 06 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100985586 was registered on 23 Sep 2024.
Charges
A charge with Others of Rs. 400.00 Lakh registered on 16 Jan 2021 with Charge ID 100404253 was modified on 22 Jul 2022.
17 earlier events are in the company report.
News
Frequently asked questions
Nivaata Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 November 2007 (19+ years old) and is registered under CIN U72200KA2007PTC044465.
Nivaata Systems has 3 current directors:
- Sriram Kannan - Whole-Time Director
- Kavitha Ramachandragowda Avaragere - Whole-Time Director
- Akhil Jain - Additional Director
The latest financial statements of Nivaata Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nivaata Systems is 29AACCN6409K1Z5, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 27AACCN6409K1Z9 (Maharashtra), 09AACCN6409K1Z7 (Uttar Pradesh), 19AACCN6409K1Z6 (West Bengal).
The CIN (Corporate Identification Number) of Nivaata Systems is U72200KA2007PTC044465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nivaata Systems has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending.
Nivaata Systems was incorporated on 23 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Nivaata Systems has 36 deals on record (18 funding rounds, 10 secondary share transfers, 4 convertible or debt financings), with disclosed funding of ₹144.36 Cr; the latest was in July 2025.
Akhil Jain was appointed as Additional Director on 20 Aug 2025. Ramanathan Sumanth Kumar ceased to be Nominee Director on 22 Jul 2025. Sandeep Nelamangala ceased to be Director on 01 Feb 2022. Nivaata Systems has 15 board changes on record in total.
Yes, Nivaata Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0139874).