Novelty Insurance Brokers Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
as on 01-01-2025
- Paid Up Capital ₹ 7.50 M
as on 01-01-2025
- Company Age 21 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 0.50 M
as on 01-01-2025
- Revenue 63.25%
(FY 2021)
- Profit 74.14%
(FY 2021)
- Ebitda 69.32%
(FY 2021)
- Net Worth 29.92%
(FY 2021)
- Total Assets 30.93%
(FY 2021)
About Novelty Insurance Brokers
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.
- 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
Company Details
- Location
Jalandhar, Punjab, India
- Telephone
- Email Address
- Website
- Social Media-
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)
₹0.50 M
₹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.
