Novak Wires Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.25 Cr
- Company Age 6 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 9.35 Cr
- Revenue Growth 58.57%
- Profit Growth -57.03%
- Ebitda -19.04%
- Net Worth 4.44%
- Total Assets 1.76%
About Novak Wires
Novak Wires Private Limited (NWPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 March 2018 (Six years and ten months 28 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Manufacturing 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 5.00 Cr and a paid-up capital of Rs 3.25 Cr.
The company currently has active open charges totaling ₹9.35 Cr.
Dilip Deshmukh, Hitesh Agrawal, and Rajesh Agarwal serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U27205KA2018PTC111758
- Company No.
111758
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Mar 2018
- Date of AGM
29 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Novak Wires?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hitesh Agrawal  | Director | 01-Jun-2020 | Current |
| Dilip Deshmukh | Director | 28-Mar-2018 | Current |
| Rajesh Agarwal | Director | 28-Mar-2018 | Current |
Financial Performance of Novak Wires.
Novak Wires Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 58.57% increase. The company also saw a substantial fall in profitability, with a 57.03% decrease in profit. The company's net worth moved up by a moderate rise of 4.44%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Novak Wires?
In 2023, Novak Wires had a promoter holding of 68.00% and a public holding of 32.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Deshmukh Machineries Private LimitedDilip Deshmukh is a mutual person
Charges (Loans)
₹9.35 Cr
₹0
Charges Breakdown by Lending Institutions
- Others : 9.25 Cr
- Axis Bank Limited : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Apr 2024 | Others | ₹2.00 Cr | Open |
| 30 Jul 2021 | Axis Bank Limited | ₹1.00 M | Open |
| 31 May 2021 | Others | ₹2.50 Cr | Open |
| 30 Sep 2019 | Others | ₹4.75 Cr | Open |
How Many Employees Work at Novak Wires?
Novak Wires has a workforce of 21 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 Novak Wires, 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 Novak Wires'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.