About Novelroots Internet Private Limited
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Novelroots Internet Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Bedrock Venture Management Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2012PTC246230. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3.5 Lakh and a paid-up capital of ₹1.67 Lakh. It is led by directors including Soham De and Vivek Bihani.
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 102 Block D Kamla Nagar, New Delhi, Delhi, India – 110007.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.49 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹2.53 Lakh (net margin -101.2%) and EBITDA of -₹4.65 Lakh (EBITDA margin -186.3%). Revenue has grown at a compounded annual rate (CAGR) of 62% over five years.
The company is associated with 1 brand: Nearify. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.25 Cr; the latest was in December 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nearify.com.
Company details
Contact details
Novelroots Internet Private Limited's registered office is in New Delhi, Delhi. Its website is nearify.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address102 Block D Kamla Nagar, New Delhi, Delhi, India – 110007
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Novelroots Internet 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
Novelroots Internet operates one associated brand: Nearify. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Local and international events are discovered via a location-based platform. | nearify.com |
Financials of Novelroots Internet Private Limited
FY 2025 filings availableNovelroots Internet Private Limited reported revenue of ₹2.49 Lakh (down 36% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 62%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Revenue | ₹2.49 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹4.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -186.3% | ||||
| Net Profit Margin | -101.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Novelroots Internet Private Limited, buy the company report.
Board of directors of Novelroots Internet Private Limited
Novelroots Internet 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 |
|---|---|---|---|---|
| Soham De Also directs: Nuevo Deportes Mediakrafts Private Limited | Director | 15 Dec 2020 | 5 Years 10 Months | Current |
| Vivek Bihani | Nominee Director | 01 Mar 2014 | 12 Years 7 Months | Current |
| Shailesh Vickram Singh Also directs: Kulzy Media Private Limited, Massive Consulting LLP, Massive Mobility Private Limited and 2 more | Nominee Director | 01 Mar 2014 | 12 Years 7 Months | Current |
Auditor
Novelroots Internet Private Limited is audited by ASHEET & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHEET & ASSOCIATES | FY 2022 | 418459 |
Shareholding
The shareholding of Novelroots Internet Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novelroots Internet Private Limited, buy the company report.
Deals & funding
Novelroots Internet Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.25 Cr; the latest was in December 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Funding round | ₹50 Lakh | Investors: Seed Advisors |
| Mar 2014 | Funding round | ₹1.75 Cr | Investors: Bedrock Ventures, Seed Advisors, India Quotient |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Novelroots Internet 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 Novelroots Internet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novelroots Internet has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Novelroots Internet Private Limited, buy the company report.
Recent activity
Novelroots Internet Private Limited has 11 board changes on record since 2013: 3 appointments and 8 cessations. The latest: Marshall Towe Jr ceased to be Director on 14 Jan 2022.
2 earlier events are in the company report.
Frequently asked questions
Novelroots Internet is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 December 2012 (14+ years old) and is registered under CIN U72200DL2012PTC246230.
Novelroots Internet has 3 current directors:
- Soham De - Director
- Vivek Bihani - Nominee Director
- Shailesh Vickram Singh - Nominee Director
The latest financial statements of Novelroots Internet on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Novelroots Internet has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Novelroots Internet is U72200DL2012PTC246230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novelroots Internet was incorporated on 14 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Novelroots Internet has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.25 Cr; the latest was in December 2015.
Marshall Towe Jr ceased to be Director on 14 Jan 2022. Soham De ceased to be Additional Director on 31 Dec 2020. Avelo Roy ceased to be Director on 21 Dec 2020. Novelroots Internet has 11 board changes on record in total.
Novelroots Internet can be reached through the website nearify.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Novelroots Internet is at 102 Block D Kamla Nagar, New Delhi, Delhi, India – 110007.