About Novalnet E-Solutions Private Limited
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Novalnet E-Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 02 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2010PTC074453. Its GSTIN is 33AADCN1784C1ZS (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Rajan Hepzi and Sundararaj Jegajothi Balamurugan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at New No.131 Old No.24B Lake View Street East Tambaram, Chennai, Tamil Nadu, India – 600059.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.98 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹22.48 Lakh (net margin 2.3%) and EBITDA of ₹45.65 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 30% over five years.
The company is associated with 1 brand: Novalnet.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novalnet-solutions.com.
Company details
Contact details
Novalnet E-Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is novalnet-solutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No.131 Old No.24B Lake View Street East Tambaram, Chennai, Tamil Nadu, India – 600059
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Novalnet E-Solutions Private Limited, buy the company report.
- 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
Brands
Novalnet E-Solutions operates one associated brand: Novalnet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PCI level 1 compliant payment processing solutions are provided. | novalnet.com |
Business activity
The main business activity of Novalnet E-Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Novalnet E-Solutions Private Limited, buy the company report.
Financials of Novalnet E-Solutions Private Limited
FY 2024 filings availableNovalnet E-Solutions Private Limited reported revenue of ₹9.98 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 20% growth in the latest year. EBITDA rose 34% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹45.65 Lakh | ||||
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| Net Profit (PAT) | ₹22.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 4.6% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Novalnet E-Solutions Private Limited, buy the company report.
Board of directors of Novalnet E-Solutions Private Limited
Novalnet E-Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajan Hepzi Also directs: Brandcrock India Private Limited | Director | 02 Feb 2010 | 16 Years 8 Months | Current |
| Sundararaj Jegajothi Balamurugan | Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Subbiramani Kaushik | Director | 16 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Novalnet E-Solutions Private Limited is audited by Sundararajan & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sundararajan & Co | FY 2023 | 005101S |
Shareholding
The shareholding of Novalnet E-Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novalnet E-Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Novalnet E-Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Novalnet E-Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novalnet E-Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCN1784C1ZS | Tamil Nadu | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Novalnet E-Solutions Private Limited, buy the company report.
Recent activity
Novalnet E-Solutions Private Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Subbiramani Kaushik ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Novalnet E-Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 02 February 2010 (16+ years old) and is registered under CIN U72200TN2010PTC074453.
Novalnet E-Solutions has 3 current directors:
- Rajan Hepzi - Director
- Sundararaj Jegajothi Balamurugan - Director
- Subbiramani Kaushik - Director
The latest financial statements of Novalnet E-Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Novalnet E-Solutions is 33AADCN1784C1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Novalnet E-Solutions is U72200TN2010PTC074453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novalnet E-Solutions was incorporated on 02 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Subbiramani Kaushik ceased to be Additional Director on 30 Sep 2022. Subbiramani Kaushik was appointed as Director on 16 Feb 2022. Sundararaj Jegajothi Balamurugan ceased to be Additional Director on 30 Nov 2021. Novalnet E-Solutions has 7 board changes on record in total.
Novalnet E-Solutions can be reached through the website novalnet-solutions.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Novalnet E-Solutions is at New No.131 Old No.24B Lake View Street East Tambaram, Chennai, Tamil Nadu, India – 600059.
Novalnet E-Solutions operates in the information technology industry, in the software development and support services segment.
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