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Novus Workrites Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.1 Lakh
▼ 52% YoY
Net loss · FY 2024
₹17.54 Lakh
Net margin -133.9%
EBITDA · FY 2024
-₹17.35 Lakh
EBITDA margin -132.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Novus Workrites Private Limited
Data last updated:
Novus Workrites Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18209KA2019PTC123128. Its GSTIN is 29AAGCN4822Q1ZS (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Chandrasekhar Vallabhaneni and Mohammed Noorullah.
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 No. 23 Siva Arcade 3rd Floor 29 Main 1st Cross 1st Stage Btm Layout, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.1 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹17.54 Lakh (net margin -133.9%) and EBITDA of -₹17.35 Lakh (EBITDA margin -132.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
For more details, the company can be reached via its website novusapparels.com.
Company details
CIN U18209KA2019PTC123128
Registration Number 123128
Incorporation Date 03 April 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Novus Workrites
Contact details
Novus Workrites Private Limited's registered office is in Bangalore, Karnataka. Its website is novusapparels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 23 Siva Arcade 3rd Floor 29 Main 1st Cross 1st Stage Btm Layout, Bangalore, Karnataka, India – 560068
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Novus Workrites Private Limited, buy the company report.
Comprehensive company report
Novus Workrites 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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Business activity
The main business activity of Novus Workrites is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Novus Workrites Private Limited, buy the company report.
Financials of Novus Workrites Private Limited
FY 2024 filings availableNovus Workrites Private Limited reported revenue of ₹13.1 Lakh (down 52% YoY) for FY 2024.
Revenue · FY 2024
₹13.1 Lakh ▼ 52%
Net loss · FY 2024
₹17.54 Lakh margin -133.9%
EBITDA · FY 2024
-₹17.35 Lakh margin -132.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 136%
3 years · compounded
▼ 323%
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 52% fall in the latest year. EBITDA fell 136% 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 | -₹17.35 Lakh | ||||
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| Net Profit (PAT) | -₹17.54 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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| Profitability | |||||
| EBITDA Margin | -132.5% | ||||
| Net Profit Margin | -133.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Novus Workrites Private Limited, buy the company report.
Board of directors of Novus Workrites Private Limited
Novus Workrites has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Noorullah | Additional Director | 25 Mar 2023 | 3 Years 7 Months | Current |
| Chandrasekhar Vallabhaneni | Director | 03 Apr 2019 | 7 Years 6 Months | Current |
Legal cases
No court or tribunal cases involving Novus Workrites 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 Novus Workrites Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novus Workrites has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCN4822Q1ZS | Karnataka | Active | 13 May 2019 |
To see the full GST registrations and return filing status of Novus Workrites Private Limited, buy the company report.
Recent activity
Novus Workrites Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Hosahalli Chetan Vijaykumar ceased to be Director on 29 Mar 2023.
AGM
Novus Workrites Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Novus Workrites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Hosahalli Chetan Vijaykumar ceased to be Director.
Appointed
Mohammed Noorullah was appointed as Additional Director.
Appointed
Chandrasekhar Vallabhaneni was appointed as Director.
Incorporation
03 Apr 2019
Novus Workrites Private Limited was registered on 03 Apr 2019 with Roc Bangalore & aged 7 years 6 months as per MCA records.
Frequently asked questions
Novus Workrites is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 April 2019 (7+ years old) and is registered under CIN U18209KA2019PTC123128.
Novus Workrites has 2 current directors:
- Mohammed Noorullah - Additional Director
- Chandrasekhar Vallabhaneni - Director
The latest financial statements of Novus Workrites 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 FY 2020 are in the company report.
The GSTIN of Novus Workrites is 29AAGCN4822Q1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Novus Workrites is U18209KA2019PTC123128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novus Workrites was incorporated on 03 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Hosahalli Chetan Vijaykumar ceased to be Director on 29 Mar 2023. Mohammed Noorullah was appointed as Additional Director on 25 Mar 2023. Chandrasekhar Vallabhaneni was appointed as Director on 03 Apr 2019.
Yes, Novus Workrites is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Novus Workrites can be reached through the website novusapparels.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Novus Workrites is at No. 23 Siva Arcade 3rd Floor 29 Main 1st Cross 1st Stage Btm Layout, Bangalore, Karnataka, India – 560068.