Novac Technology Solutions Profile
Key Indicators
- Authorised Capital ₹ 32.00 Cr
- Paid Up Capital ₹ 30.09 Cr
- Company Age 6 Year, 11 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 11 months 30 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
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72100TN2018PTC122516
- Company No.
122516
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 May 2018
- Date of AGM
28 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Information Technology
Novac Technology Solutions Private Limited
Explore comprehensive data for Novac Technology Solutions Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
S10 Technologies Private LimitedMahesh Menon is a mutual person
Shriram Li Holdings Private LimitedNanda Narayanam is a mutual person
S10 Healthcare Solutions Private LimitedMahesh Menon is a mutual person
- S10 Health Safecare Private Limited
Mahesh Menon is a mutual person
Shriram Value Services LimitedVani Narayanan, Kumar Balan and 1 more are mutual person
Shriram Trustees LimitedVani Narayanan is a mutual person
Charges (Loans)
Open Charges
₹33.31 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Novac Technology Solutions
Recent activity within the organization
- Annual General Meeting
Novac Technology Solutions Private Limited last Annual general meeting of members was held on 28 Aug 2024 as per latest MCA records.
- Director Appointment
Kumar Balan was appointed as a Cfo was appointed as a Cfo on 02 Jul 2024 & has been associated with this company since 10 months .
- Director Appointment
Sadagopan Krishnan was appointed as a Company Secretary was appointed as a Company Secretary on 02 Jul 2024 & has been associated with this company since 10 months .
- Charges
A charge with Others amounted to Rs. 14.15 Cr with Charge ID 100936825 was registered on 20 Jun 2024.
- Charges
A charge with Others amounted to Rs. 4.16 Cr with Charge ID 100936839 was registered on 20 Jun 2024.
- Balance Sheet
Novac Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Novac Technology Solutions Private Limited?
Novac Technology Solutions Private Limited was incorporated on 04 May 2018.
What is authorized share capital and paid-up capital of Novac Technology Solutions Private Limited?
The authorized share capital of Novac Technology Solutions Private Limited is ₹ 32.00 Cr and paid-up capital is ₹ 30.09 Cr.
Who are the current board members & directors of Novac Technology Solutions Private Limited?
Currently 7 directors are associated with Novac Technology Solutions Private Limited.
- Vani Narayanan
- Mahesh Chandrasekhara Menon
- Nanda Kishore Sesha Narayanam
- Ajay Thomas John
- Nanda Kishore Sesha Narayanam
- Kumar Balan
- Sadagopan Krishnan
What is the registered address of Novac Technology Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Novac Technology Solutions Private Limited is The Pavilion New No 10 13 And 100 Abhiramapuram 4Th Street Ttk Road Alwarpet, India, Chennai, Tamil Nadu, 600018.
What is the corporate identification number (CIN) and company number of Novac Technology Solutions Private Limited?
The corporate identification number (CIN) of Novac Technology Solutions Private Limited is U72100TN2018PTC122516 and the company number is 122516 as per Ministry of Corporate Affairs (MCA).
What is the official website of Novac Technology Solutions Private Limited?
The Official website of Novac Technology Solutions Private Limited is https://www.novactech.in
What has been the recent revenue trend for Novac Technology Solutions Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Novac Technology Solutions Private Limited has risen by 1.98%.
How many employees does Novac Technology Solutions Private Limited currently have?
As Per 2022 financial reports, 3735 employees are currently employed by Novac Technology Solutions Private Limited.
What change has been observed in the net worth of Novac Technology Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Novac Technology Solutions Private Limited has experienced an upsurge of 5.29%.
What are the total open charges for Novac Technology Solutions Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Novac Technology Solutions Private Limited amount to ₹ 33.31 Cr.
When was the last Balance Sheet of Novac Technology Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Novac Technology Solutions Private Limited was filed with the ROC on 31 Mar 2024.
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