About Sanovi Technologies Private Limited
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Sanovi Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Sterling Commerce Solutions India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 15 July 1999.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U64203KA1999PTC040905. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.67 Cr. It was led by directors Ravi Prakash Kakubal and Ajay Mittal.
Its last annual general meeting (AGM) was held on 01 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at No. 12 Subramanya Arcade Bannerghatta Road, Bangalore, Karnataka, India – 560029.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.17 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹75.58 Lakh (net margin 64.9%) and EBITDA of ₹1.04 Cr (EBITDA margin 89.2%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 30% over five years.
The company had about 74 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Sanovi. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in October 2016. Its 10 peer companies in the Information Technology industry (Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Prominds Business Consulting Private Limited with revenue of ₹1.17 Cr.
The last known website on record is sanovi.com.
Company details
CIN history
Sanovi Technologies has one previous CIN (Corporate Identification Number): U64203AP1999PTC032106. The current CIN is U64203KA1999PTC040905, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64203KA1999PTC040905 | Current |
| U64203AP1999PTC032106 | Previous |
Contact details
Sanovi Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is sanovi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 12 Subramanya Arcade Bannerghatta Road, Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Sanovi Technologies Private 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
Sanovi Technologies operates one associated brand: Sanovi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business continuity and cloud-recovery software solutions are provided to enterprises. | sanovi.com |
Financials of Sanovi Technologies Private Limited
FY 2023 filings availableSanovi Technologies Private Limited reported revenue of ₹1.17 Cr (up 62% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 62% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA rose 96% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹75.58 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.2% | ||||
| Net Profit Margin | 64.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sanovi Technologies Private Limited, buy the company report.
Board of directors of Sanovi Technologies Private Limited
Sanovi Technologies has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Prakash Kakubal | Director | 14 Nov 2016 | 9 Years 11 Months | As last reported |
| Ajay Mittal Also directs: Tanmatra Foundation | Director | 14 Nov 2016 | 9 Years 11 Months | As last reported |
Peer comparison
Sanovi Technologies Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prominds Business Consulting Private Limited | ₹1.17 Cr (FY 2025) | -44.0% | Khammam, Telangana, India | |||
| Samvid Consulting Services (OPC) Private Limited | ₹1.17 Cr (FY 2025) | 99.0% | Hyderabad, Telangana, India | |||
| Datadog Cloud India Private Limited | ₹1.17 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Coactive IT Solutions Private Limited | ₹1.17 Cr (FY 2020) | 6.0% | Howrah, West Bengal, India | |||
| Vroomble Services Private Limited | ₹1.17 Cr (FY 2024) | 61.0% | Pune, Maharashtra, India | |||
| Sanovi Technologies Private Limitedthis company | ₹1.17 Cr (FY 2023) | ₹75.58 Lakh | 64.9% | 62.0% | Bangalore, Karnataka, India | |
| Kalya Technology Innovation Private Limited | ₹1.16 Cr (FY 2025) | 235.0% | Bangalore, Karnataka, India | |||
| Quadra Cloud India Private Limited | ₹1.16 Cr (FY 2024) | 105.0% | Coimbatore, Tamil Nadu, India | |||
| Aerodna India Private Limited | ₹1.16 Cr (FY 2023) | 52.0% | Bangalore, Karnataka, India | |||
| Purpleme India (OPC) Private Limited | ₹1.16 Cr (FY 2024) | 120.0% | Delhi, India | |||
| Atag Solutions Private Limited | ₹1.16 Cr (FY 2025) | 45.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Sanovi Technologies Private Limited, buy the company report.
Auditor
Sanovi Technologies Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E |
Shareholding
The shareholding of Sanovi Technologies 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 Sanovi Technologies Private Limited, buy the company report.
Deals & funding
Sanovi Technologies Private Limited has 1 deal on record (1 acquisition); the latest was in October 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Acquisition | Undisclosed | Buyer: International Business Machines Corp. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sanovi Technologies Private Limited has 2 court cases on record: 1 filed by Sanovi Technologies, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by Perpetuuti Technosoft Services Pvt. Ltd. | Disposed |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company against an individual | Disposed |
To see the full case history of Sanovi Technologies 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 Sanovi Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sanovi Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sanovi Technologies Private Limited, buy the company report.
Recent activity
Sanovi Technologies Private Limited has 14 board changes on record since 2007: 2 appointments and 12 cessations. The latest: Pulamarasetti Chandrasekhar ceased to be Director on 19 Sep 2019.
5 earlier events are in the company report.
Frequently asked questions
Sanovi Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sanovi Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 15 July 1999 and is registered under CIN U64203KA1999PTC040905. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sanovi Technologies was incorporated on 15 July 1999. It is registered with the Registrar of Companies, Bangalore.
Sanovi Technologies had 2 directors:
- Ravi Prakash Kakubal - Director
- Ajay Mittal - Director
The CIN (Corporate Identification Number) of Sanovi Technologies is U64203KA1999PTC040905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sanovi Technologies is at No. 12 Subramanya Arcade Bannerghatta Road, Bangalore, Karnataka, India – 560029.
Sanovi Technologies can be reached through the website sanovi.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Sanovi Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 01 September 2023. Year-wise statements from 2015 are in the company report.
No. Sanovi Technologies has 1 GST registration on record and it is cancelled or inactive.
Sanovi Technologies operated in the information technology industry, in the software development and support services segment.
Sanovi Technologies has 1 deal on record (1 acquisition); the latest was in October 2016.