Fortrea Development India Private Limited - Company overview

Covance was incorporated on 10 July 2007 and is registered with ROC Bangalore.

2007-07-10 Bangalore North, Karnataka 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
₹500–1000 Cr
▲ 21.4%
FY 2023
PROFIT / LOSS
₹50–100 Cr
▲ 83.8%
FY 2023
EBITDA
₹50–100 Cr
▲ 34.9%
FY 2023
NET WORTH
₹100–500 Cr
▲ 54.7%
FY 2023
TOTAL ASSETS
₹100–500 Cr
▲ 33.1%
FY 2023
EMPLOYEE COUNT
3,151–3,160
OPEN CHARGES
-
-
PAID-UP CAPITAL
5.10 Lakh
AUTHORISED CAPITAL
10.00 Lakh
COMPANY AGE
19 Years 4 Months
since 2007-07-10
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-30
ACTIVE GST
2
Updated: 2024-11-03 11:30:37
TOTAL MONEY RAISED
₹5–10 Cr
SATISFIED CHARGES
-
-

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

Health scores for Covance 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
81/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (81), financial health (95), director (50) and company-foundation signals.
  • Operating for 19+ years.
Compliance Score Low risk
81/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score Low risk
95/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Moderate
50/100
Board strength, DIN status and churn.
  • 3 directors on the board.
  • Director RISHI RAJ SHARMA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
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 Covance Company identity, industry, contact, and registration details from MCA and company records.

Covance was incorporated on 10 July 2007 and is registered with ROC Bangalore. It is an active private limited company, now about 19 years old. The registered office is in Bangalore North, Karnataka. Earlier names on record include Labcorp Drug Development Private Limited, Labcorp Drug Development India Private Limited and Covance India Pharmaceutical Services Private Limited.

In its MCA filings the main business is listed as other professional, scientific and technical activities, which made up 100% of turnover.

It has three directors: David Howard Cooper, Rishi Raj Sharma and Hufriz Kaiky Karkaria. The longest-serving is David Howard Cooper, on the board since 2023; the most recent to join is Hufriz Kaiky Karkaria, appointed in January 2026. 16 former directors are on record; the most recent to leave was Deepa Surendra Desai in August 2022. Between them, the directors also sit on the boards of 2 other companies, including Fortrea Clinical Development Private Limited and Fortrea Scientific Private Limited.

₹5.1 lakh of its ₹10 lakh authorised capital is paid up (about 51%). Its latest balance sheet on MCA is for the year ending 31 March 2025, and the last AGM was on 30 September 2025. No charges (secured loans) are registered against it.

Pharma ••••••••
  • Location Sattva Knowledge Court, 2Nd Floor, Wing B, Plot No.9, Katha No. 299, Sy. No.77,, Bangalore North, Karnataka - 560048
  • Website fortrea.com
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Name History
Legal NameFortrea Development India Private Limited
CIN / LLPINU74999KA2007PTC190095
Company No.190095
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2007-07-10
Date of AGM2025-09-30
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Bangalore
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Covance (3) Current board members from MCA filings, including designation and appointment details.

D
David Howard Cooper
Director | Since 2023-06-30 | DIN: 10204529
R
Rishi Raj Sharma
Director | Since 2023-09-11 | DIN: 07365851
H
Hufriz Kaiky Karkaria
Additional Director | Since 2026-01-09 | DIN: 11444261

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

Estimated bands · FY 2023
Revenue ₹500–1000 Cr ▲ 21.4%
P&L ₹50–100 Cr ▲ 83.8%
EBITDA ₹50–100 Cr ▲ 34.9%
Net worth ₹100–500 Cr ▲ 54.7%

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

Activity GroupDescriptionTurnover %
Professional, scientific and technical activitiesOther professional, scientific and technical activities100

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

Board Overlap From MCA / Compliance Filings

Fortrea Clinical Development Private Limited 2 Shared Directors
Fortrea Scientific Private Limited 2 Shared Directors

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

9 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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

8 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 Covance 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 Covance 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

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Credit Ratings, Litigation & Regulatory Alerts for Covance Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Covance 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 Covance 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 Covance Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Covance?
MCA does not publish an "owner" field. Covance is run by its directors, David Howard Cooper, Rishi Raj Sharma and Hufriz Kaiky Karkaria. 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 Covance?
Covance has three current directors: David Howard Cooper (since June 2023), Rishi Raj Sharma (since September 2023) and Hufriz Kaiky Karkaria (since January 2026).
What is CIN of Covance?
The CIN of Covance is U74999KA2007PTC190095. Reading it left to right: U means it is not listed, 74999 is the industry code it registered under, KA is Karnataka, 2007 is the year it was registered, PTC is the company type and 190095 is its registration number.
When was Covance incorporated?
Covance was incorporated on 10 July 2007 with ROC Bangalore. That makes it about 19 years old.
What is the registered address of Covance?
The registered office on MCA records is Sattva Knowledge Court, 2Nd Floor, Wing B, Plot No.9, Katha No. 299, Sy. No.77, Bangalore North, Karnataka - 560048.
What is the current status of Covance?
MCA shows Covance as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Covance?
You can post to its registered office at Sattva Knowledge Court, 2Nd Floor, Wing B, Plot No.9, Katha No. 299, Sy. No.77, Bangalore North, Karnataka - 560048 and use its website, https://fortrea.com.
What industry or business activity is Covance 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 Covance?
Paid-up capital is ₹5.1 lakh and authorised capital is ₹10 lakh, so about 51% of the authorised amount has been issued.
When did Covance last file accounts and hold an AGM?
The last AGM on record was on 30 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Covance?
MCA shows no charges registered against Covance, so no assets are pledged for a registered secured loan.
Have any directors left Covance?
Yes, 16 former directors are on record. The most recent to leave were Deepa Surendra Desai (August 2022), Mir Imran Ali (June 2022) and Rangarajan Narasimhan (September 2020).
Which companies share directors with Covance?
2 companies share directors with Covance: Fortrea Clinical Development Private Limited and Fortrea Scientific Private Limited.
What is the turnover or revenue of Covance?
Based on filed financial statements, the revenue of Covance for FY 2023 was in the ₹500–1000 Cr range. That is up 21.4% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Covance?
For FY 2023, the net worth of Covance was in the ₹100–500 Cr range.
How can I get the financial details of Covance?
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 Covance?
The website on record for Covance is https://fortrea.com.
Which company owns fortrea.com?
fortrea.com is the website listed for Fortrea Development India Private Limited in its company records.
Covance - is it listed or unlisted?
Covance 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 Covance?
Covance is registered with ROC Bangalore.
What is the company classification of Covance?
MCA classifies Covance as: Private Limited Indian Non-Government Company.
Does Covance have GST registrations on file?
Yes, 2 active GST registrations are linked to Covance, usually one per state it operates in.

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.