What we do Covidh Technologies Ltd is an IT/ITES company providing technology solutions and services, focusing on efficient IT systems for diverse industries. |
Founded in 1,993 |
Market share Niche player in Indian IT services with a budding presence but limited market share due to suspension of operations. |
Problem solved Improves client IT efficiency and guarantees strong ROI with innovative technology and domain expertise. |
Top clients or who we serve Serves IT and tech domain clients primarily in India; B2B client focus. |
Key management G. Narsi Reddy, Executive Director with hands-on leadership post resolution plan in 2025. |
Our journey and innovations Founded in 1993, rebranded twice, acquired Netocol Systems in 2012-13, underwent IBC resolution in 2025 with new promoter. |
Where we operate Primarily India, with presence focused around Hyderabad. |
Top products or what we offer IT solutions and services tailored for efficiency improvements in enterprises. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue predominantly project-based and cyclical; currently inactive due to insolvency proceedings. |
Our industry position Small-scale IT services firm facing operational challenges post insolvency. |
Financial highlights FY2018-19 revenue Rs. 25.69 Cr with marginal loss; no operating activity post 2021; restructuring in 2025. |
Geographical revenue split - |
Order book - |
Whats driving growth Pending operational restart after resolution plan; growth poised on market recovery and new leadership. |
Our future plans Post-insolvency restructuring led by new promoter, focusing on rebuilding operations and compliance. |
Our green promise - |
Our people and values Committed to compliance and governance; focus on familiarization and responsible management. |
Key challenges ahead Reviving operations post insolvency, addressing regulatory compliance, restoring public shareholding norms. |
Interesting facts Underwent two name changes since inception and acquired a full subsidiary in 2012-13; resolution under IBC concluded in 2025. |
Risks and strategy Risk from past insolvency and suspension of operations; strategy focuses on compliance, capital restructuring, and market re-entry. |
