Novalite Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.80 Cr
- Company Age 27 Year, 18 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.06 Cr
- Satisfied Charges ₹ 15.97 Cr
- Revenue Growth -67.20%
- Profit Growth 69.07%
- Ebitda 89.82%
- Net Worth -29.60%
- Total Assets -50.56%
About Novalite
Novalite Limited (NL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 January 1998 and has a history of 27 years. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Shah Polymers Exim Limited. The Company is engaged in the Manufacturing 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 5.00 Cr and a paid-up capital of Rs 4.80 Cr.
The company currently has active open charges totaling ₹9.06 Cr. The company has closed loans amounting to ₹15.97 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shashikant Shah, Indira Shah, Mukesh Shah, and Two other members serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U25200KA1998PLC023272
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Company No.
023272
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
15 Jan 1998
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
What products or services does Novalite Limited offer?
Novalite Limited offers a wide range of products and services, including Wood, Plywood, Veneer & Laminates, Wall Panels, Industrial Chemicals & Supplies, Plastic Chemicals, Roofing and False ceiling, Profile Sheets, Polycarbonate Sheet, Acrylic Processing Aid, PVC, FRP, HDPE & Other Plastic Pipes, Agricultural Pipes.
Who are the key members and board of directors at Novalite?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mukesh Shah
|
Managing Director | 15-Jan-1998 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Shashikant Shah
|
Director | 15-Jan-1998 | Current |
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Indira Shah
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Director | 30-Sep-2000 | Current |
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Neeta Shah
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Whole-Time Director | 30-Sep-2000 | Current |
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Nupur Shah
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Whole-Time Director | 27-Apr-2017 | Current |
Financial Performance of Novalite.
Novalite Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 67.2% decrease. The company also saw a substantial improvement in profitability, with a 69.07% increase in profit. The company's net worth observed a substantial decline by a decrease of 29.6%.
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What is the Ownership and Shareholding Structure of Novalite?
In 2023, Novalite had a promoter holding of 95.12% and a public holding of 4.88%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Go Healthe Services Private LimitedMukesh Shah is a mutual person
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Echora Constructions Private LimitedShashikant Shah is a mutual person
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Kleenclad International Private LimitedMukesh Shah is a mutual person
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Tuflite Innovative Solutions Private Limited
Mukesh Shah, Neeta Shah and 1 more are mutual person
Charges (Loans)
₹9.06 Cr
₹15.97 Cr
Charges Breakdown by Lending Institutions
- Dbs Bank Ltd : 8.96 Cr
- Hdfc Bank Limited : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Nov 2020 | Hdfc Bank Limited | ₹1.00 M | Open |
| 21 Oct 2015 | Dbs Bank Ltd | ₹4.00 Cr | Open |
| 10 Feb 2015 | Dbs Bank Ltd | ₹4.96 Cr | Open |
| 31 Mar 2021 | Standard Chartered Bank | ₹1.20 Cr | Satisfied |
| 18 Aug 2017 | Standard Chartered Bank | ₹7.55 M | Satisfied |
How Many Employees Work at Novalite?
Novalite has a workforce of 1 employees as of Apr 06, 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 Novalite, 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 Novalite'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.
