Novelty Finance Limited

Provides hire purchase, finance, housing, and leasing services in India under RBI regulations.

2000 | Punjab, Punjab (India) | Active
Last Updated: December 27, 2024

Novelty Finance Profile

Key Indicators

  • Authorised Capital ₹ 2.25 Cr
  • Paid Up Capital ₹ 2.20 Cr
  • Company Age 25 Year, 24 Days
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -1.42%
  • Profit Growth -5.25%
  • Ebitda 10.39%
  • Net Worth 24.09%
  • Total Assets 10.66%

About Novelty Finance

Novelty Finance Limited (NFL) is a Public Limited Indian Non-Government Company incorporated in India on 12 January 2000 and has a history of 25 years. Its registered office is in Punjab, Punjab.

The Company is engaged in the Financial Services 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 2.25 Cr and a paid-up capital of Rs 2.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

Raj Kumar, Pawan Kumar, Anju Bala, and Five other members serve as directors at the Company.

Company Details

  • Location
    Punjab, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65921PB2000PLC023256

  • Company No.

    023256

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    12 Jan 2000

  • Date of AGM

    31 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

Who are the key members and board of directors at Novelty Finance?

Executive Team (1)

Name Designation Appointment Date Status
Anuj Singla Country flag representing In Managing Director 30-Jun-2012 Current

Board Members (7)

Name Designation Appointment Date Status
Raj Kumar Country flag representing In Director 01-May-2007 Current
Pawan Kumar Country flag representing In Whole-Time Director 12-Jan-2000 Current
Anju Bala Country flag representing In Director 12-Jan-2000 Current
Usha Rani Country flag representing In Director 12-Jan-2000 Current
Gian Singla Country flag representing In Director 31-Jan-2008 Current
Gagandeep Country flag representing In Whole-Time Director 30-Sep-2020 Current

Financial Performance of Novelty Finance.

Novelty Finance Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 1.42% decrease. The company also saw a slight decrease in profitability, with a 5.25% decrease in profit. The company's net worth Soared by an impressive increase of 24.09%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-1.42%
Revenue from Operations
-1.39%
Total Assets
10.66%
Profit or Loss
-5.25%
Net Worth
24.09%
EBITDA
10.39%

What is the Ownership and Shareholding Structure of Novelty Finance?

In 2018, Novelty Finance had a promoter holding of 27.10% and a public holding of 72.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Novelty Finance?

Unlock and access historical data on people associated with Novelty Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Novelty Finance, 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 Novelty Finance's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Novelty Finance

Recent activity within the organization

  • Annual General Meeting

    Novelty Finance Limited last Annual general meeting of members was held on 31 Aug 2024 as per latest MCA records.

    31 Aug 2024

  • Balance Sheet

    Novelty Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Director Appointment

    Gagandeep was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 30 Sep 2020 & has been associated with this company since 4 years 4 months .

    30 Sep 2020

  • Director Appointment

    Tarun Singla was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 30 Sep 2020 & has been associated with this company since 4 years 4 months .

    30 Sep 2020

  • Director Appointment

    Anuj Singla was appointed as a Managing Director was appointed as a Managing Director on 30 Jun 2012 & has been associated with this company since 12 years 7 months .

    30 Jun 2012

  • Director Appointment

    Gian Singla was appointed as a Director was appointed as a Director on 31 Jan 2008 & has been associated with this company since 17 years 5 days .

    31 Jan 2008

Frequently asked questions

  • Novelty Finance Limited was incorporated on 12 Jan 2000.

  • The authorized share capital of Novelty Finance Limited is ₹ 2.25 Cr and paid-up capital is ₹ 2.20 Cr.

  • Currently 8 directors are associated with Novelty Finance Limited.

    • Raj Kumar
    • Pawan Kumar
    • Anju Bala
    • Usha Rani
    • Gian Singla
    • Anuj Singla
    • Gagandeep
    • Tarun Singla
  • As per Ministry of Corporate Affairs (Mca), the registered address of Novelty Finance Limited is Patiala Roadpatran Distt India, Punjab.

  • The corporate identification number (CIN) of Novelty Finance Limited is U65921PB2000PLC023256 and the company number is 023256 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Novelty Finance Limited has fallen by -1.42%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Novelty Finance Limited has experienced an upsurge of 24.09%.

  • The most recent Balance Sheet for Novelty Finance Limited was filed with the ROC on 31 Mar 2024.

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