Novo Insurance Broking Services Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
as on 23-06-2024
- Paid Up Capital ₹ 5.63 Cr
as on 23-06-2024
- Company Age 6 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Revenue 57.36%
(FY 2022)
- Profit 89.12%
(FY 2022)
- Ebitda 133.29%
(FY 2022)
- Net Worth 45.33%
(FY 2022)
- Total Assets 73.79%
(FY 2022)
About Novo Insurance Broking Services
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 2023. 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.
Subba Bhupatiraju, Chandra Parvatham, Subbarao Pinnamaneni, and One other member serve as directors at the Company.
- CIN/LLPIN
U66000TG2018PTC125815
- Company No.
125815
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Jul 2018
- Date of AGM
02 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Novo Insurance Broking Services?
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Subba Bhupatiraju  | Director | 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 and Corporate Structure Insights 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
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
- Krissan Seva Private LimitedActive 4 years 4 months
Subba Bhupatiraju and Subbarao Pinnamaneni are mutual person
- Flexcetera Tech Solutions Private LimitedActive 2 years 10 months
Subba Bhupatiraju 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.
