Novac Technology Solutions Profile
Key Indicators
- Authorised Capital ₹ 32.00 Cr
as on 26-06-2024
- Paid Up Capital ₹ 30.09 Cr
as on 26-06-2024
- Company Age 6 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 15.00 Cr
as on 26-06-2024
- Revenue 1.98%
(FY 2022)
- Profit 13.74%
(FY 2022)
- Ebitda -20.07%
(FY 2022)
- Net Worth 5.29%
(FY 2022)
- Total Assets -0.59%
(FY 2022)
About Novac Technology Solutions
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 2023. 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 ₹15.00 Cr.
The Key Managerial Personnel (KMP) at Novac Technology Solutions Private Limited India is Nanda Narayanam as CEO. Ajay John, Nanda Narayanam, Mahesh Menon, and Two other members serve as directors at the Company.
- CIN/LLPIN
U72100TN2018PTC122516
- Company No.
122516
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 May 2018
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Novac Technology Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nanda Narayanam  | CEO | 08-Nov-2019 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ajay John | Director | 29-Nov-2021 | Current |
| Nanda Narayanam | Director and Ceo | 04-May-2018 | Current |
| Mahesh Menon | Director | 04-May-2018 | Current |
| Ramesh Gopal | Director | 02-Apr-2019 | Current |
| Vani Narayanan | Director | 02-Apr-2019 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 01 Mar 2023 | ₹10.00 Cr | Open |
Hdfc Bank Limited Creation Date: 12 Nov 2021 | ₹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.
