Corevance Systems Private Limited - Company overview

Corevance is an active private limited company registered with ROC Hyderabad on 4 July 2016, about 10 years ago.

2016-07-04 Hyderabad, Telangana Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹1–5 Cr
▲ 30.3%
FY 2023
PROFIT / LOSS
Under ₹1 Lakh
▲ 660.1%
FY 2023
EBITDA
₹10–50 Lakh
▲ 2969.2%
FY 2023
NET WORTH
₹10–50 Lakh
▲ 6.9%
FY 2023
TOTAL ASSETS
₹50 Lakh–1 Cr
▲ 149.3%
FY 2023
EMPLOYEE COUNT
11–20
OPEN CHARGES
-
-
PAID-UP CAPITAL
1.00 Lakh
AUTHORISED CAPITAL
1.00 Lakh
COMPANY AGE
10 Years 3 Months
since 2016-07-04
LAST FILING WITH ROC
2024-03-31
Last AGM: 2024-09-30
ACTIVE GST
1
Updated: 2025-02-08 23:47:22
SATISFIED CHARGES
-
-

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Corevance covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Low risk
82/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (75), financial health (75), director (95) and company-foundation signals.
  • Operating for 10+ years.
Compliance Score Low risk
75/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Low risk
75/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 2 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Corevance Company identity, industry, contact, and registration details from MCA and company records.

Corevance is an active private limited company registered with ROC Hyderabad on 4 July 2016, about 10 years ago. Its registered office is in Hyderabad, Telangana.

Its filings describe the main line of business as other professional, scientific and technical activities, which made up 100% of turnover.

Its two current directors - Siva Krishna Vangala and Divya Somarapu - were all appointed on 12 May 2021. Siva Krishna Vangala is the managing director. The board changed around May 2021, when Vangala Sankalpitha and Sabitha Kaveti stepped down and new directors joined. The same directors also sit on the board of Elevents Metaestate Private Limited.

Authorised and paid-up capital are both ₹1 lakh, so the full authorised amount has been issued. The last AGM on record was on 30 September 2024, for accounts made up to 31 March 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. No charges (secured loans) are registered against it.

Information Technology ••••••••
  • Location Plot No.56, H.No 1-101/8, Srinivasa Nilayam, Harsha Chambers, Sai Nagar, Madhapur, Hyderabad, Telangana - 500081
  • Website corevance.com
LinkedIn Facebook
Legal NameCorevance Systems Private Limited
CIN / LLPINU72900TG2016PTC110677
Company No.110677
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2016-07-04
Date of AGM2024-09-30
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Hyderabad
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Corevance (2) Current board members from MCA filings, including designation and appointment details.

S
Siva Krishna Vangala
Managing Director | Since 2021-05-12 | DIN: 09192355
D
Divya Somarapu
Director | Since 2021-05-12 | DIN: 09192292

Financial Performance of Corevance Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹1–5 Cr ▲ 30.3%
P&L Under ₹1 Lakh ▲ 660.1%
EBITDA ₹10–50 Lakh ▲ 2969.2%
Net worth ₹10–50 Lakh ▲ 6.9%

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Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Professional, Scientific and TechnicalOther professional, scientific and technical activities100

Companies With Common Directors Of Corevance Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Elevents Metaestate Private Limited 2 Shared Directors

Financial Ratios of Corevance Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

7 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Corevance Ownership and contribution detail from filings. Full breakdown unlocks with your report.

6 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Corevance EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.

Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Corevance GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

GST registrations and filing compliance require an active report plan.

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MSME Payment Delays by Corevance MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Corevance Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Corevance Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Corevance?
MCA does not publish an "owner" field. Corevance is run by its directors, Siva Krishna Vangala and Divya Somarapu, with Siva Krishna Vangala as managing director. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Corevance?
Corevance has two current directors: Siva Krishna Vangala (since May 2021) and Divya Somarapu (since May 2021). Siva Krishna Vangala is the managing director.
What is CIN of Corevance?
The CIN of Corevance is U72900TG2016PTC110677. Reading it left to right: U means it is not listed, 72900 is the industry code it registered under, TG is Telangana, 2016 is the year it was registered, PTC is the company type and 110677 is its registration number.
When was Corevance incorporated?
Corevance was incorporated on 4 July 2016 with ROC Hyderabad. That makes it about 10 years old.
What is the registered address of Corevance?
The registered office on MCA records is Plot No.56, H.No 1-101/8, Srinivasa Nilayam, Harsha Chambers, Sai Nagar, Madhapur, Hyderabad, Telangana - 500081.
What is the current status of Corevance?
MCA shows Corevance as Active, and its last AGM on record was in September 2024.
What is the contact number or email for Corevance?
You can post to its registered office at Plot No.56, H.No 1-101/8, Srinivasa Nilayam, Harsha Chambers, Sai Nagar, Madhapur, Hyderabad, Telangana - 500081 and use its website, https://corevance.com.
What industry or business activity is Corevance associated with?
Its MCA filings list the main business as other professional, scientific and technical activities (100% of turnover).
What is paid-up capital and authorised share capital of Corevance?
Both authorised and paid-up capital are ₹1 lakh.
When did Corevance last file accounts and hold an AGM?
The last AGM on record was on 30 September 2024, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Corevance?
MCA shows no charges registered against Corevance, so no assets are pledged for a registered secured loan.
Have any directors left Corevance?
Yes, four former directors are on record. The most recent to leave were Vangala Sankalpitha (May 2021), Sabitha Kaveti (May 2021) and Swathi Abbai (February 2017).
Which companies share directors with Corevance?
Elevents Metaestate Private Limited shares at least one director with Corevance.
What is the turnover or revenue of Corevance?
Based on filed financial statements, the revenue of Corevance for FY 2023 was in the ₹1–5 Cr range. That is up 30.3% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Corevance?
For FY 2023, the net worth of Corevance was in the ₹10–50 Lakh range.
How can I get the financial details of Corevance?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Corevance?
The website on record for Corevance is https://corevance.com.
Which company owns corevance.com?
corevance.com is the website listed for Corevance Systems Private Limited in its company records.
Corevance - is it listed or unlisted?
Corevance is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Corevance?
Corevance is registered with ROC Hyderabad.
What is the company classification of Corevance?
MCA classifies Corevance as: Private Limited Indian Non-Government Company.
Does Corevance have GST registrations on file?
Yes, one active GST registration is linked to Corevance.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.