Covance Softsol Limited
BBSE:COVANCE142.20
INR
+0.65
(+0.46%)
ISIN
INE0R8101016
Return %
Stock
S&P 500
1Y
128.62
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
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- CEO
- Srinivasa Rao Madala
- Full Time Employees
- 175
- Sector
- Technology services
- Industry
- Information technology services
- Address
- Hyderabad India
- Website
- covance.ai
- Similar Companies
- Business
- Covance Softsol Limited is an India-based information technology and IT-enabled services provider that specializes in enterprise software engineering, application modernization, cloud architecture, and artificial intelligence-driven digital transformation solutions. The company offers a comprehensive portfolio of technology services organized across multiple practice domains: enterprise application modernization, which includes legacy system migration, client-server to multi-tier cloud re-architecting, automated code translation, and application re-engineering; data transformation and analytics, featuring enterprise data lake implementation, cross-source data consolidation, data governance, and user interface/user experience (UI/UX) analytics dashboards; business process transformation, providing workflow automation, machine learning-driven process optimization, and robotic process integration; and tool-assisted modernization, utilizing specialized automation frameworks and tools such as ModernizeNow to ensure functional equivalency and codebase refactoring during cloud transitions. In addition, the company provides custom software engineering, quality assurance, infrastructure management, and IT consulting services across key industry verticals, including high-tech, government, healthcare, insurance, manufacturing, and media. Headquartered in Hyderabad, Telangana, India, Covance Softsol Limited serves domestic and international clients and maintains industry certifications including CMMI Level 3, ISO 9001, and ISO 27001, alongside strategic technology partner relationships with Amazon Web Services and Microsoft. Incorporated in August 2023, the company was established to hold the operational technology business formerly managed under SoftSol India Limited. Pursuant to a corporate Scheme of Arrangement sanctioned by the National Company Law Tribunal in September 2024, the entire IT and ITES business undertaking of SoftSol India Limited was demerged into Covance Softsol Limited on a going-concern basis. Following the completion of the restructuring and equity allotment, Covance Softsol Limited listed its shares on the BSE Limited under the ticker COVANCE and scrip code 544361 in February 2025. In recent operational developments, the company has expanded its specialized artificial intelligence and machine learning integration services, advanced its proprietary migration toolsets, and broadened its market presence across global enterprise clients.