About Novares
Novares is a company based in Clamart (France) founded in 1955 was acquired by Global Technologies in April 2025.. Novares has raised $32.95 million across 4 funding rounds from investors including The Carlyle Group, Bpifrance and Mecaplast. The company has 162 employees as of April 09, 2024. Novares has completed 2 acquisitions, including Key Plastics and Miniature Precision Components. Novares operates in a competitive market with competitors including Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others.
- Headquarter Clamart, France
- Employees 162 as on 09 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Novares India Automotive Private Limited
- Date of Incorporation 31 May, 2005
- Jurisdiction Chengalpet, Tamil Nadu, India
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Annual Revenue
$39.66 M (USD)27.35as on Mar 31, 2023
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Net Profit
$5.82 M (USD)58as on Mar 31, 2023
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EBITDA
$8.69 M (USD)43.95as on Mar 31, 2023
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Total Equity Funding
$32.95 M (USD)
in 4 rounds
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Latest Funding Round
$955.62 K (USD), Grant
Mar 11, 2021
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Investors
The Carlyle Group
& 6 more
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Employee Count
162
as on Apr 09, 2024
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Investments & Acquisitions
Key Plastics
& 1 more
- Acquired by
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Funding Insights of Novares
Novares has successfully raised a total of $32.95M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $955.62 thousand completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $955,616
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Grant - Novares | Valuation |
investors |
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| May, 2020 | Amount | Private Equity Round - Novares | Valuation | Bpifrance |
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| May, 2020 | Amount | Debt – Conventional - Novares | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novares
Novares has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include The Carlyle Group, Bpifrance and Mecaplast. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A mid-market private equity firm based in Europe is operated.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward the US and India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Novares
Novares has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Key Plastics and Miniature Precision Components. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Injection-molded automotive components are manufactured for various applications.
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1986 | ||||
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Manufacturer and supplier of automotive thermoplastic components to OEMs & tier1 companies
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1972 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Novares
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novares Comparisons
Competitors of Novares
Novares operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive components and systems are manufactured for vehicles.
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied to OEMs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novares
Frequently Asked Questions about Novares
When was Novares founded?
Novares was founded in 1955 and raised its 1st funding round 45 years after it was founded.
Where is Novares located?
Novares is headquartered in Clamart, France. It is registered at Clamart, Hauts-de-seine, France.
Who is the current CEO of Novares?
Pierre Boulet is the current CEO of Novares.
Is Novares a funded company?
Novares is a funded company, having raised a total of $32.95M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $32.95M, raised on Jun 01, 2000.
How many employees does Novares have?
As of Apr 09, 2024, the latest employee count at Novares is 162.
What is the annual revenue of Novares?
Annual revenue of Novares is $39.66M as on Mar 31, 2023.
What does Novares do?
Novares was established in 1955 and is headquartered in Clamart, France. Operations focus on the automotive sector, where engine components, bezels and clusters, air vents and decoration trims, interior and car body trims, handles, and e-powertrain parts for lightweight vehicles are produced. As a supplier, these elements are provided to support vehicle manufacturing processes across international markets.
Who are the top competitors of Novares?
How many acquisitions has Novares made?
Novares has made 2 acquisitions, including Key Plastics, and Miniature Precision Components.
Who are Novares's investors?
Novares has 7 investors. Key investors include The Carlyle Group, Bpifrance, Mecaplast, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and Equistone Partners Europe.
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