Novelty Insurance Brokers Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 7.50 M
- Company Age 21 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 0.50 M
- Revenue Growth 63.25%
- Profit Growth 74.14%
- Ebitda 69.32%
- Net Worth 29.92%
- Total Assets 30.93%
About Novelty Insurance Brokers
Novelty Insurance Brokers Limited (NIBL) is a Public Limited Indian Non-Government Company incorporated in India on 16 April 2003 and has a history of 21 years and 11 months. Its registered office is in Jalandhar, Punjab, India.
The Corporate was formerly known as Novelty Assurance Services Limited. 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 7.50 M and a paid-up capital of Rs 7.50 M.
The company currently has active open charges totaling ₹0.50 M.
Rajesh Chopra, Kasturi Lal, and Parveen Gupta serve as directors at the Company.
Company Details
- Location
Jalandhar, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67200PB2003PLC025925
- Company No.
025925
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Apr 2003
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Financial Services
Novelty Insurance Brokers Limited
Explore comprehensive data for Novelty Insurance Brokers Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Novelty Insurance Brokers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Parveen Gupta  | Managing Director | 10-Aug-2006 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajesh Chopra | Director | 28-Mar-2006 | Current |
| Kasturi Lal | Director | 28-Mar-2006 | Current |
Financial Performance of Novelty Insurance Brokers.
Novelty Insurance Brokers Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 63.25% increase. The company also saw a substantial improvement in profitability, with a 74.14% increase in profit. The company's net worth Soared by an impressive increase of 29.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Novelty Insurance Brokers?
In 2021, Novelty Insurance Brokers had a promoter holding of 55.90% and a public holding of 44.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹0.50 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 0.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Oct 2020 | Hdfc Bank Limited | ₹0.50 M | Open |
How Many Employees Work at Novelty Insurance Brokers?
Novelty Insurance Brokers has a workforce of 3 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 Novelty Insurance Brokers, 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 Insurance Brokers'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 Novelty Insurance Brokers
Recent activity within the organization
- Annual General Meeting
Novelty Insurance Brokers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Novelty Insurance Brokers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 M with Charge ID 100398120 was registered on 05 Oct 2020.
- Director Appointment
Parveen Gupta was appointed as a Managing Director was appointed as a Managing Director on 10 Aug 2006 & has been associated with this company since 18 years 8 months .
- Director Appointment
Rajesh Chopra was appointed as a Director was appointed as a Director on 28 Mar 2006 & has been associated with this company since 19 years 18 days .
- Director Appointment
Kasturi Bhagat Lal was appointed as a Director was appointed as a Director on 28 Mar 2006 & has been associated with this company since 19 years 18 days .
Frequently asked questions
What is the Incorporation or founding date of Novelty Insurance Brokers Limited?
Novelty Insurance Brokers Limited was incorporated on 16 Apr 2003.
What is authorized share capital and paid-up capital of Novelty Insurance Brokers Limited?
The authorized share capital of Novelty Insurance Brokers Limited is ₹ 7.50 M and paid-up capital is ₹ 7.50 M.
Who are the current board members & directors of Novelty Insurance Brokers Limited?
Currently 3 directors are associated with Novelty Insurance Brokers Limited.
- Rajesh Chopra
- Kasturi Bhagat Lal
- Parveen Gupta
What is the registered address of Novelty Insurance Brokers Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Novelty Insurance Brokers Limited is Iiird Floor Shakti Tower Adjancent Swani Motors B M C Chowk India, Jalandhar, Punjab, 144001.
What is the corporate identification number (CIN) and company number of Novelty Insurance Brokers Limited?
The corporate identification number (CIN) of Novelty Insurance Brokers Limited is U67200PB2003PLC025925 and the company number is 025925 as per Ministry of Corporate Affairs (MCA).
What is the official website of Novelty Insurance Brokers Limited?
The Official website of Novelty Insurance Brokers Limited is https://www.noveltyinsurance.co.in
What has been the recent revenue trend for Novelty Insurance Brokers Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Novelty Insurance Brokers Limited has risen by 63.25%.
How many employees does Novelty Insurance Brokers Limited currently have?
As Per 2021 financial reports, 3 employees are currently employed by Novelty Insurance Brokers Limited.
What change has been observed in the net worth of Novelty Insurance Brokers Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Novelty Insurance Brokers Limited has experienced an upsurge of 29.92%.
What are the total open charges for Novelty Insurance Brokers Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Novelty Insurance Brokers Limited amount to ₹ 0.50 M.
When was the last Balance Sheet of Novelty Insurance Brokers Limited filed with the ROC?
The most recent Balance Sheet for Novelty Insurance Brokers Limited was filed with the ROC on 31 Mar 2024.
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