Novac Technology Solutions Profile
Key Indicators
- Authorised Capital ₹ 32.00 Cr
- Paid Up Capital ₹ 30.09 Cr
- Company Age 6 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 33.31 Cr
- Revenue Growth 1.98%
- Profit Growth 13.74%
- Ebitda -20.07%
- Net Worth 5.29%
- Total Assets -0.59%
About Novac Technology Solutions
Novac Technology Solutions Private Limited (NTSPL) is a Private Limited Indian Non-Government Company incorporated in India on 04 May 2018 (Six years and nine months 0 days old ). Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Shriram Tech Services Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 32.00 Cr and a paid-up capital of Rs 30.09 Cr.
The company currently has active open charges totaling ₹33.31 Cr.
The Key Managerial Personnel (KMP) at Novac Technology Solutions Private Limited India are Nanda Narayanam as Ceo, Kumar Balan as Cfo, and Sadagopan Krishnan as Company Secretary. Vani Narayanan, Mahesh Menon, Nanda Narayanam, and One other member serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U72100TN2018PTC122516
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Company No.
122516
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
04 May 2018
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Date of AGM
28 Aug 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Novac Technology Solutions?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nanda Narayanam
|
Managing Director | 04-May-2018 | Current |
| Kumar Balan | CFO | 02-Jul-2024 | Current |
| Sadagopan Krishnan | Company Secretary | 02-Jul-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Vani Narayanan
|
Director | 02-Apr-2019 | Current |
|
Mahesh Menon
|
Director | 04-May-2018 | Current |
|
Ajay John
|
Director | 29-Nov-2021 | Current |
Financial Performance of Novac Technology Solutions.
Novac Technology Solutions Private Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 1.98% increase. The company also saw a substantial improvement in profitability, with a 13.74% increase in profit. The company's net worth moved up by a moderate rise of 5.29%.
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What is the Ownership and Shareholding Structure of Novac Technology Solutions?
In 2022, Novac Technology Solutions had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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S10 Technologies Private LimitedMahesh Menon is a mutual person
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Shriram Li Holdings Private LimitedNanda Narayanam is a mutual person
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S10 Healthcare Solutions Private LimitedMahesh Menon is a mutual person
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S10 Health Safecare Private Limited
Mahesh Menon is a mutual person
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Shriram Value Services LimitedVani Narayanan, Kumar Balan and 1 more are mutual person
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Shriram Trustees LimitedVani Narayanan is a mutual person
Charges (Loans)
₹33.31 Cr
₹0
Charges Breakdown by Lending Institutions
- Others : 28.31 Cr
- Hdfc Bank Limited : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2024 | Others | ₹14.15 Cr | Open |
| 20 Jun 2024 | Others | ₹4.16 Cr | Open |
| 01 Mar 2023 | Others | ₹10.00 Cr | Open |
| 12 Nov 2021 | Hdfc Bank Limited | ₹5.00 Cr | Open |
How Many Employees Work at Novac Technology Solutions?
Novac Technology Solutions has a workforce of 3735 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Novac Technology Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Novac Technology Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
