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Rove Labs Private Limited
Rove Labs Private Limited - information technology in Davanagere, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.49 Lakh
▲ 210% YoY
Net profit · FY 2024
₹1.94 Lakh
Net margin 4.9%
EBITDA · FY 2024
₹2.68 Lakh
EBITDA margin 6.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Rove Labs Private Limited
Data last updated:
Rove Labs Private Limited is a private limited company based in Davanagere, Karnataka, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 28 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC100899. Its GSTIN is 29AAICR1415R2ZS (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shreyas Shivakumar Vernekar and Naveen Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Davanagere, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.49 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.94 Lakh (net margin 4.9%) and EBITDA of ₹2.68 Lakh (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 136% over three years and 82% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999KA2017PTC100899
Registration Number 100899
Incorporation Date 28 February 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Rove Labs
Contact details
Rove Labs Private Limited's registered office is in Davanagere, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1962/106 5th Cross, Vinaya Krupa Vinayaka Badavane Vidyanagar, Davanagere, Karnataka, India – 577005
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Rove Labs Private Limited, buy the company report.
Comprehensive company report
Rove Labs 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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Financials of Rove Labs Private Limited
FY 2025 filings availableRove Labs Private Limited reported revenue of ₹39.49 Lakh (up 210% YoY) for FY 2024.
Revenue · FY 2024
₹39.49 Lakh ▲ 210%
Net profit · FY 2024
₹1.94 Lakh margin 4.9%
EBITDA · FY 2024
₹2.68 Lakh margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 210%
3 years · compounded
▲ 136%
5 years · compounded
▲ 82%
EBITDA CAGR growth
1 year
▲ 524%
3 years · compounded
▲ 57%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 82% over five years, including 210% growth in the latest year. EBITDA rose 524% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹2.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 4.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Rove Labs Private Limited, buy the company report.
Board of directors of Rove Labs Private Limited
Rove Labs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyas Shivakumar Vernekar Also directs: Zivin Labs Private Limited | Director | 28 Feb 2017 | 9 Years 7 Months | Current |
| Naveen Kumar Also directs: Vivat Healthcare Private Limited | Director | 28 Feb 2017 | 9 Years 7 Months | Current |
Auditor
Rove Labs Private Limited is audited by Meghana Subray Hegde for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Meghana Subray Hegde | FY 2023 | 271678 |
Shareholding
The shareholding of Rove Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rove Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rove Labs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rove Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rove Labs has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICR1415R2ZS | Karnataka | Active | 10 Aug 2022 |
To see the full GST registrations and return filing status of Rove Labs Private Limited, buy the company report.
Recent activity
Rove Labs Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Suraj Siddapura Divakar ceased to be Director on 26 May 2020.
AGM
Rove Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Rove Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Suraj Siddapura Divakar ceased to be Director.
Ceased
Vaibhav Kumar Roy Sushil Roy ceased to be Director.
Appointed
Naveen Kumar was appointed as Director.
Appointed
Shreyas Shivakumar Vernekar was appointed as Director.
Incorporation
28 Feb 2017
Rove Labs Private Limited was registered on 28 Feb 2017 with Roc Bangalore & aged 9 years 7 months as per MCA records.
Frequently asked questions
Rove Labs is an active private limited company based in Davanagere, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 28 February 2017 (9+ years old) and is registered under CIN U74999KA2017PTC100899.
Rove Labs has 2 current directors:
- Shreyas Shivakumar Vernekar - Director
- Naveen Kumar - Director
The latest financial statements of Rove Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Rove Labs is 29AAICR1415R2ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rove Labs is U74999KA2017PTC100899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rove Labs was incorporated on 28 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Suraj Siddapura Divakar ceased to be Director on 26 May 2020. Vaibhav Kumar Roy Sushil Roy ceased to be Director on 26 May 2020. Naveen Kumar was appointed as Director on 28 Feb 2017. Rove Labs has 4 board changes on record in total.
Yes, Rove Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Rove Labs is at 1962106 5th Cross, Vinaya Krupa Vinayaka Badavane Vidyanagar, Davanagere, Karnataka, India – 577005.
Rove Labs operates in the information technology industry, in the software development and support services segment.