Novo Insurance Broking Services Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 5.63 Cr
- Company Age 6 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 57.36%
- Profit Growth 89.12%
- Ebitda 133.29%
- Net Worth 45.33%
- Total Assets 73.79%
About Novo Insurance Broking Services
Novo Insurance Broking Services Private Limited (NIBSPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 July 2018 (Six years and seven months 28 days old ). Its registered office is in Hyderabad, Telangana, India.
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 11.00 Cr and a paid-up capital of Rs 5.63 Cr, as per Ministry of Corporate Affairs (MCA) records.
Suresh Balakrishnan, Subba Bhupatiraju, Chandra Parvatham, and Two other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U66000TG2018PTC125815
- Company No.
125815
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Jul 2018
- Date of AGM
14 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Financial Services
Novo Insurance Broking Services Private Limited
Explore comprehensive data for Novo Insurance Broking Services Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Novo Insurance Broking Services?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Suresh Balakrishnan  | Director | 14-Sep-2024 | Current |
| Subba Bhupatiraju | Director | 25-Jul-2023 | Current |
| Chandra Parvatham | Whole-Time Director | 24-Jul-2018 | Current |
| Subbarao Pinnamaneni | Director | 15-Mar-2021 | Current |
| Syam Pilli | Director | 13-Nov-2021 | Current |
Financial Performance of Novo Insurance Broking Services.
Novo Insurance Broking Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 57.36% increase. The company also saw a substantial improvement in profitability, with a 89.12% increase in profit. The company's net worth Soared by an impressive increase of 45.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Novo Insurance Broking Services?
In 2022, Novo Insurance Broking Services had a public holding of 24.20%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Rkbs Consulting LlpSubba Bhupatiraju is a mutual person
- Krissan Seva Private Limited
Subba Bhupatiraju and Subbarao Pinnamaneni are mutual person
- Flexcetera Tech Solutions Private Limited
Subba Bhupatiraju is a mutual person
- Valour Consulting Llp
Subbarao Pinnamaneni is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Novo Insurance Broking Services?
Novo Insurance Broking Services has a workforce of 92 employees as of Mar 23, 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 Novo Insurance Broking Services, 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 Novo Insurance Broking Services'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 Novo Insurance Broking Services
Recent activity within the organization
- Annual General Meeting
Novo Insurance Broking Services Private Limited last Annual general meeting of members was held on 14 Sep 2024 as per latest MCA records.
- Director Appointment
Suresh Nannimangalam Balakrishnan was appointed as a Director was appointed as a Director on 14 Sep 2024 & has been associated with this company since 6 months 6 days .
- Balance Sheet
Novo Insurance Broking Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Director Appointment
Subba Raju Bhupatiraju was appointed as a Director was appointed as a Director on 25 Jul 2023 & has been associated with this company since 1 year 7 months .
- Director Appointment
Syam Babu Pilli was appointed as a Director was appointed as a Director on 13 Nov 2021 & has been associated with this company since 3 years 4 months .
- Director Appointment
Subbarao Pinnamaneni was appointed as a Director was appointed as a Director on 15 Mar 2021 & has been associated with this company since 4 years 5 days .
Frequently asked questions
What is the Incorporation or founding date of Novo Insurance Broking Services Private Limited?
Novo Insurance Broking Services Private Limited was incorporated on 24 Jul 2018.
What is authorized share capital and paid-up capital of Novo Insurance Broking Services Private Limited?
The authorized share capital of Novo Insurance Broking Services Private Limited is ₹ 11.00 Cr and paid-up capital is ₹ 5.63 Cr.
Who are the current board members & directors of Novo Insurance Broking Services Private Limited?
Currently 5 directors are associated with Novo Insurance Broking Services Private Limited.
- Suresh Nannimangalam Balakrishnan
- Subba Raju Bhupatiraju
- Chandra Sekhar Parvatham
- Subbarao Pinnamaneni
- Syam Babu Pilli
What is the registered address of Novo Insurance Broking Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Novo Insurance Broking Services Private Limited is Flat No.4C Muncipal No. 6-3-1218/6 4Th Floor Macherla Apartments Uma Naga R, India, Begumpet, Telangana, 500016.
What is the corporate identification number (CIN) and company number of Novo Insurance Broking Services Private Limited?
The corporate identification number (CIN) of Novo Insurance Broking Services Private Limited is U66000TG2018PTC125815 and the company number is 125815 as per Ministry of Corporate Affairs (MCA).
What is the official website of Novo Insurance Broking Services Private Limited?
The Official website of Novo Insurance Broking Services Private Limited is https://www.novoinsure.com
What has been the recent revenue trend for Novo Insurance Broking Services Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Novo Insurance Broking Services Private Limited has risen by 57.36%.
How many employees does Novo Insurance Broking Services Private Limited currently have?
As Per 2022 financial reports, 92 employees are currently employed by Novo Insurance Broking Services Private Limited.
What change has been observed in the net worth of Novo Insurance Broking Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Novo Insurance Broking Services Private Limited has experienced an upsurge of 45.33%.
When was the last Balance Sheet of Novo Insurance Broking Services Private Limited filed with the ROC?
The most recent Balance Sheet for Novo Insurance Broking Services Private Limited was filed with the ROC on 31 Mar 2024.
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