Novitas India Private Limited

Novitas India Private Limited - home & lifestyle in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U52100MH2012FTC226639 Incorporated 09 February 2012 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Foreign Private Limited Company home and lifestyle MSME · Micro
Data last updated
Revenue · FY 2020
₹34.35 Lakh
▼ 76% YoY
Net loss · FY 2020
₹8.27 Lakh
Net margin -24.1%
EBITDA · FY 2020
-₹11.65 Lakh
EBITDA margin -33.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
GST registrations
1
None active

About Novitas India Private Limited

Data last updated:

Novitas India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Skay Finvest Private Limited. It operates in the handicrafts and artisan products manufacturing segment of the home and lifestyle products sector. It was incorporated on 09 February 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2012FTC226639. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Dawood Mainuddin Meer and Nitin Kishore Motani.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2020, the company reported a revenue of ₹34.35 Lakh, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹8.27 Lakh (net margin -24.1%) and EBITDA of -₹11.65 Lakh (EBITDA margin -33.9%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 35% over five years.

Court records list 1 case involving the company, including 1 filed against it.

Novitas India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0219785). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novitasindia.com.

Company details

CIN U52100MH2012FTC226639
Registration Number 226639
Incorporation Date 09 February 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Skay Finvest Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0219785
Key People
Dawood Mainuddin Meer Director Nitin Kishore Motani Additional Director

Recognitions & Rankings of Novitas India

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-19-0219785

Contact details

Novitas India Private Limited's registered office is in Mumbai, Maharashtra. Its website is novitasindia.com. Its e-mail address is in the company report.

  • Email
  • Website
    novitasindia.com
  • Registered Address
    Office No. 701 Floor No. 7 Plot No. 207, Embassy Centre Jamnalal Bajaj Marg Nariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Home & Lifestyle, Handicrafts & Artisan Products Manufacturing

To see the full contact details of Novitas India Private Limited, buy the company report.

Comprehensive company report
Novitas India Private Limited - one report that includes everything
  • 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
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Financials of Novitas India Private Limited

FY 2025 filings available

Novitas India Private Limited reported revenue of ₹34.35 Lakh (down 76% YoY) for FY 2020.

Revenue · FY 2020
₹34.35 Lakh ▼ 76%
Net loss · FY 2020
₹8.27 Lakh margin -24.1%
EBITDA · FY 2020
-₹11.65 Lakh margin -33.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 46%
5 years · compounded
▼ 35%

Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 76% fall 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

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹34.35 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹11.65 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹8.27 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

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin-33.9%
Net Profit Margin-24.1%
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

To see the full financial statements and ratios of Novitas India Private Limited, buy the company report.

Board of directors of Novitas India Private Limited

Novitas India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dawood Mainuddin MeerDirector30 Apr 20197 Years 6 MonthsCurrent
Nitin Kishore Motani
Also directs: SK Robotics LLP, Motani Industries Private Limited, Skay Finvest Private Limited
Additional Director10 Nov 20250 Years 11 MonthsCurrent
View all directors

Auditor

Novitas India Private Limited is audited by THANAWALA & CO for the financial year 2020.

Auditor firmFinancial yearFirm registration number
THANAWALA & COFY 2020110948W

Shareholding

The shareholding of Novitas India Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2018FY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Novitas India Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Novitas India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Novitas India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Novitas India Private Limited, buy the company report.

Recent activity

Novitas India Private Limited has 7 board changes on record since 2014: 3 appointments and 4 cessations. The latest: Nitin Kishore Motani was appointed as Additional Director on 10 Nov 2025.

Appointed
Nitin Kishore Motani was appointed as Additional Director.
AGM
Novitas India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Novitas India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Dawood Mainuddin Meer was appointed as Director.
Ceased
Sanjay Ramesh Lad ceased to be Director.
Ceased
Nitin Motani Kishor ceased to be Nominee Director.
Appointed
Mohit Nitin Motani was appointed as Director.
Ceased
James Moynihan Jr ceased to be Nominee Director.
Ceased
Phyllis Larson ceased to be Nominee Director.
Incorporation
09 Feb 2012
Novitas India Private Limited was registered on 09 Feb 2012 with Roc Mumbai & aged 14 years 9 months as per MCA records.

Frequently asked questions

Novitas India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in handicrafts and artisan products manufacturing, within the home and lifestyle industry. It was incorporated on 09 February 2012 (14+ years old) and is registered under CIN U52100MH2012FTC226639.

Novitas India has 2 current directors:

The latest financial statements of Novitas India 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. Novitas India has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Novitas India is U52100MH2012FTC226639. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Novitas India has 1 court case on record: 1 filed against it.

Novitas India was incorporated on 09 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.

Nitin Kishore Motani was appointed as Additional Director on 10 Nov 2025. Dawood Mainuddin Meer was appointed as Director on 30 Apr 2019. Sanjay Ramesh Lad ceased to be Director on 30 Apr 2019. Novitas India has 7 board changes on record in total.

Yes, Novitas India is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0219785).

Novitas India can be reached through the website novitasindia.com. Its registered office is in Mumbai, Maharashtra, India.