About Novaair Private Limited
Data last updated:
Novaair Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Novo Holding Ii Pte. Ltd.. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 22 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2019FTC321695. Its GSTIN is 20AAGCN4261K1ZL (Jharkhand). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Aswin Vikram and Gajanan Jagannath Nabar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 20 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.81 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹79.91 Lakh (net margin -28.4%) and EBITDA of -₹75.33 Lakh (EBITDA margin -26.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 acquisition); the latest was in October 2025. Its 10 peer companies in the Chemicals industry (Industrial Gases) are compared by revenue, 5 larger and 5 smaller; the largest is Rajasthan Air Products Private Limited with revenue of ₹2.89 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers.
For more details, the company can be reached via its website novaair.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC – 20 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryChemicals and Materials, Industrial & Specialty Gases
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Novaair Private Limited
The main business activity of Novaair is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Novaair Private Limited FY 2025 filings available
Novaair Private Limited reported revenue of ₹2.81 Cr (down 86% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Novaair Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 86% fall in the latest year. EBITDA fell 194% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Novaair Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹75.33 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹79.91 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Novaair Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Novaair are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Novaair Private Limited
Novaair Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Industrial Gases). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajasthan Air Products Private Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Jaipur, Rajasthan, India |
| Tamilnadu Air Products Private Limited | ₹2.86 Cr (FY 2020) | •••• | •••• | -3.0% | •••• | Tamil Nadu, India |
| The Rajasthan Industrial Gases Limited | ₹2.84 Cr (FY 2021) | •••• | •••• | 3216.0% | •••• | Jaipur, Rajasthan, India |
| Oxiair Gases India Private Limited | ₹2.84 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| Clean Energy Resources Private Limited | ₹2.83 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Kolkata, West Bengal, India |
| Novaair Private Limited this company | ₹2.81 Cr (FY 2025) | •••• | •••• | -86.0% | •••• | Mumbai, Maharashtra, India |
| Raju Oxygen Company Private Limited | ₹2.78 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Farakka, West Bengal, India |
| Indo Oxygen Private Limited | ₹2.73 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Boisar, Maharashtra, India |
| Mayur Gases Private Limited | ₹2.7 Cr (FY 2022) | •••• | •••• | 7.0% | •••• | Bettiah, Bihar, India |
| Pooja Industrial Gases Private Limited | ₹2.65 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Pithampur, Madhya Pradesh, India |
| Aira Oxygen Private Limited | ₹2.64 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Novaair by revenue in the Chemicals industry (Industrial Gases), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Novaair Private Limited
Novaair Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R B C & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Novaair Private Limited
Novaair has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aswin Vikram Also directs: Novaair Technologies Private Limited, Nuvama Wealth Management Limited, Acme Formulation Private Limited and 4 more | Director | 21 Oct 2022 | 3 Years 11 Months | Current |
| Gajanan Jagannath Nabar Also directs: Novaair Technologies Private Limited | Director | 03 Oct 2020 | 6 Years 0 Months | Current |
| Olivia Jodie Meixiu Dong Also directs: Novaair Technologies Private Limited | Additional Director | 26 Aug 2025 | 1 Years 1 Months | Current |
Ownership and Shareholding of Novaair Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Novaair Private Limited
Novaair Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Novaair Private Limited
Novaair Private Limited has 1 deal on record (1 acquisition); the latest was in October 2025.
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Novaair Private Limited
Novaair Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jai Balaji Enterprises | •••• | •••• | •••• |
| Ambica Enterprises | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Novaair Private Limited
Novaair Private Limited has a workforce of 6 employees as of Jan 04, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Novaair Private Limited
Novaair Private Limited has 13 board changes on record since 2020: 5 appointments and 8 cessations. The latest: Olivia Jodie Meixiu Dong was appointed as Additional Director on 26 Aug 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Novaair Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Novaair Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Novaair Private Limited
Novaair has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AAGCN4261K1ZL | Jharkhand | Active | 25 May 2021 |
| 37AAGCN4261K1Z6 | Andhra Pradesh | Active | 09 Sep 2022 |
| 29AAGCN4261K1Z3 | Karnataka | Active | 05 Jul 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Novaair Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Novaair Private Limited
Novaair is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 22 February 2019 (7+ years old) and is registered under CIN U40300MH2019FTC321695.
Novaair reported revenue of ₹2.81 Cr for FY 2025 (down 86% YoY).
Novaair has 3 current directors:
- Aswin Vikram - Director
- Gajanan Jagannath Nabar - Director
- Olivia Jodie Meixiu Dong - Additional Director
Novaair reported a net loss of ₹79.91 Lakh (net margin -28.4%) and EBITDA of -₹75.33 Lakh (EBITDA margin -26.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Novaair is -14% over three years. In the latest year (FY 2025) revenue fell 86%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Novaair is 20AAGCN4261K1ZL, registered in Jharkhand. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 37AAGCN4261K1Z6 (Andhra Pradesh), 29AAGCN4261K1Z3 (Karnataka).
The CIN (Corporate Identification Number) of Novaair is U40300MH2019FTC321695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novaair was incorporated on 22 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Novaair has 1 deal on record (1 acquisition); the latest was in October 2025.
The peers of Novaair by revenue are Rajasthan Air Products Private Limited, Tamilnadu Air Products Private Limited, The Rajasthan Industrial Gases Limited, Oxiair Gases India Private Limited, Clean Energy Resources Private Limited and 5 more, all in the Chemicals industry (Industrial Gases).
Olivia Jodie Meixiu Dong was appointed as Additional Director on 26 Aug 2025. Aswin Vikram ceased to be Additional Director on 29 Sep 2023. Aswin Vikram was appointed as Director on 21 Oct 2022. Novaair has 13 board changes on record in total.
Novaair has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.