Novares India Automotive Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 1.98 Cr
- Company Age 19 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 16.50 Cr
- Satisfied Charges ₹ 83.06 Cr
- Revenue Growth 27.35%
- Profit Growth 58.00%
- Ebitda 44.42%
- Net Worth 33.48%
- Total Assets 25.91%
About Novares India Automotive
Novares India Automotive Private Limited (NIAPL) is a leading Private Limited Foreign Company Incorporated In India incorporated in India on 31 May 2005 and has a history of 19 years and eight months. Its registered office is in Chengalpet, Tamil Nadu, India.
The Corporate was formerly known as Mecaplast India Private Limited. The Company is engaged in the Automotive 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 3.00 Cr and a paid-up capital of Rs 1.98 Cr.
The company currently has active open charges totaling ₹16.50 Cr. The company has closed loans amounting to ₹83.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sreenivasa Boyapati and Voituret Emmanuel serve as directors at the Company.
Company Details
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Location
Chengalpet, 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
U74999TN2005FTC080198
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Company No.
080198
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Company Classification
Private Limited Foreign Company Incorporated In India
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Incorporation Date
31 May 2005
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Date of AGM
19 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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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 Novares India Automotive?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sreenivasa Boyapati
|
Managing Director | 02-Apr-2009 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Voituret Emmanuel
|
Director | 29-Aug-2016 | Current |
Financial Performance of Novares India Automotive.
Novares India Automotive Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.35% increase. The company also saw a substantial improvement in profitability, with a 58% increase in profit. The company's net worth Soared by an impressive increase of 33.48%.
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What is the Ownership and Shareholding Structure of Novares India Automotive?
In 2023, Novares India Automotive had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹16.50 Cr
₹83.06 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 16.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Mar 2014 | Hdfc Bank Limited | ₹16.50 Cr | Open |
| 08 Aug 2017 | Hdfc Bank Limited | ₹34.18 Cr | Satisfied |
| 22 Jan 2016 | Hdfc Bank Limited | ₹19.48 Cr | Satisfied |
| 22 Jun 2009 | Canara Bank | ₹29.40 Cr | Satisfied |
How Many Employees Work at Novares India Automotive?
Novares India Automotive has a workforce of 162 employees as of Apr 09, 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 Novares India Automotive, 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 Novares India Automotive'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.
