About Novares
Novares is a Transportation, Automotive & Logistics company based in Clamart (France) founded in 1955, and was acquired by Global Technologies in April 2025. Major auto components are manufactured and supplied globally. Novares has raised $32.95 million across 4 funding rounds from investors including The Carlyle Group, Bpifrance and Mecaplast. The company has 2,473 employees. Novares has completed 2 acquisitions, including Key Plastics and Miniature Precision Components. Its chief executive, as recorded, is Pierre Boulet. Its Indian entity Novares India Automotive Private Limited reported revenue of ₹315 Cr. Its focus areas include Auto, Auto Components and Multi Category. Its competitors include Valeo and Faurecia.
Company details
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.
- Headquarters Clamart, France
- Employees 2,473
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website novaresteam.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Global Technologies (Apr 2025)
- Legal Name Novares India Automotive Private Limited
- Date of Incorporation 31 May, 2005
- Jurisdiction Chengalpet, Tamil Nadu, India
- Indian entity revenue₹315 Cr
FY 2025 · +3% YoY
- Indian entity net profit₹50.52 Cr
FY 2025 · 16% margin
- Indian entity EBITDA₹79.39 Cr
FY 2025 · 26% margin
- Total Equity Funding$32.95M (USD)
in 4 rounds
- Latest Funding Round$955.62K (USD), Grant
Mar 2021
- InvestorsThe Carlyle Group
& 6 more
- Employee Count2,473
- Investments & AcquisitionsKey Plastics
& 1 more
- Acquired by
Associated legal entities of Novares
Novares operates through Novares India Automotive Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novares India Automotive Private Limited CIN U74999TN2005FTC080198 | Active | 31 May 2005 | Chengalpet, Tamil Nadu | ₹315 Cr | 162 | 5 | View details |
Apps and channels of Novares
its YouTube channel Novares Group has 529 subscribers and 30 videos.
Videos from Novares
The most watched videos on Novares's YouTube channel, Novares Group (529 subscribers). Click a video to play it here.
More on Novares Group.
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 $32.95M
- Total Rounds 4
- Last Round Grant — $955,616
- Investors Count 4
All 4 funding rounds of Novares with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $955,616 | Grant | – | – | |
| May 2020 | $32.95M | Private Equity Round | – | Bpifrance | – |
| May 2020 | $124.12M | Debt – Conventional | – | – | |
| Jun 2000 | Private Equity Round | – | The Carlyle Group | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A mid-market private equity firm based in Europe is operated. | equistonepe.com | London, United Kingdom | ||
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com | ||
Private equity investments are directed toward the US and India. | wayzatainvestmentpartners.com | Plymouth, United States | ||
| economie.gouv.fr | ||||
Corporate consultancy, advisory, and funding services are provided to businesses. | 2012 | bpifrance.com | Maisons Alfort, France | |
Injectable pharmaceutical formulations, including dry powders and liquids, are manufactured. | 2005 | mecaplast.com | Kanchipuram, India |
Investor details for Novares
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Novares India Automotive Private Limited (Novares)
Novares India Automotive Private Limited is the primary company behind Novares. The board of Novares India Automotive Private Limited currently have 5 directors; the longest-serving is Sreenivasa Rao Boyapati, appointed in 2009. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sreenivasa Rao Boyapati DIN 02601324 | Managing Director | 02 Apr 2009 | 17 yrs 7 mo | Novares India Automotive Private Limited |
| Voituret Charles Emmanuel DIN 07599098 | Director | 29 Aug 2016 | 10 yrs 2 mo | Novares India Automotive Private Limited |
| Stephen Edward Kingsley Graham DIN 09022666 | Director | 18 Jun 2025 | 1 yr 4 mo | Novares India Automotive Private Limited |
| Shekhar Kumar DIN 09537366 | Director | 18 Jun 2025 | 1 yr 4 mo | Novares India Automotive Private Limited |
| Michael Simon Baker DIN 09634775 | Director | 18 Jun 2025 | 1 yr 4 mo | Novares India Automotive Private Limited |
People of Novares
21 people are tracked at Novares (2 in leadership, 19 in team); the tracked headcount is 2,473.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Jim Brost | Director | Leadership |
Angie Raya | HR Administrator | Team |
Joe Faust | Operations Support | Team |
Sean McKean | Cost Estimator | Team |
Bill Seyer | Manufacturing Engineer | Team |
Alexander Haas | Injection Molding Process Technician | Team |
Dan Nazarie | Plant Manager | Team |
John Morrison | Tooling Engineer | Team |
Sallyjo McCauley | Expeditor | Team |
Calvin Lunsford | Tooling Engineer | Team |
Sherri Jutz | Manufacturing Engineering Assistant | Team |
Edward Swets | Tooling Engineer | Team |
Kenneth Lentell | Process Engineer | Team |
Michael Hardcastle | Production Leader | Team |
Russell Blazer | Mechanic | Team |
Angela Tibbetts | Auditor | Team |
Alexis Vanvleet | Quality Service Coordinator | Team |
Connie Hanrahan | Inventory Analyst | Team |
Carolyn Aymer | Inside Sales Coordinator | Team |
1 more people are available in the full profile.
Complete people profiles for Novares
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Financials of Novares
Figures of Novares India Automotive Private Limited, the primary company behind Novares, for FY 2025. Revenue was ₹315 Cr (+3% year on year). Net profit was ₹50.52 Cr (16% margin). EBITDA was ₹79.39 Cr (26% margin). Revenue has grown at a compounded annual rate of +7% over three years and +11% over five years.
- ₹315 CrRevenue · FY 2025 · +3% YoY
- ₹50.52 CrNet profit · 16% margin
- ₹79.39 CrEBITDA · 26% margin
- ₹1.98 CrPaid-up capital
- 162Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novares India Automotive Private Limited are on its company page.
Detailed financial statements for Novares
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer and supplier of automotive thermoplastic components to OEMs & tier1 companies | mpc-inc.com | Walworth, United States | 1972 | Feb 2019 | •••• | |
Injection-molded automotive components are manufactured for various applications. | keyplastics.com | Livonia, United States | 1986 | Oct 2016 | •••• |
Complete acquisition details for Novares
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Novares
8 dated milestones of Novares across 70 years, from founding to its latest funding, stage changes and deals.
- Founded Novares is founded.
- Funding First funding round.
- Exit Acquired by Wayzata Investment Partners.
- Exit Acquired by Equistone Partners Europe.
- Acquisition Acquires Key Plastics.
- Acquisition Acquires Miniature Precision Components.
- Funding Latest funding round, Grant, of $956K.
- Exit Acquired by Global Technologies.
Competitors of Novares
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| valeo.com | 1923 | Paris, France | 124 | Automotive products and services are supplied globally to automakers. | ||
| faurecia.com | 1997 | Nanterre, France | Automotive components and systems are manufactured for vehicles. |
Detailed competitors of Novares
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Web traffic of Novares
The website of Novares (novaresteam.com) receives about 7.9K visits a month.
- Monthly visits7.9K
▲ 12.9% vs previous month
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Related news about Novares
Complete news archive for Novares
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Frequently Asked Questions about Novares
Novares was founded in 1955 and raised its 1st funding round 45 years after it was founded.
Novares is headquartered in Clamart, France. It is registered at Clamart, Hauts-de-seine, France.
Pierre Boulet is the CEO of Novares, as recorded in our data.
Novares is a funded company, having raised a total of $32.95M across 4 funding rounds to date.
Novares has 2,473 employees.
The primary company behind Novares, Novares India Automotive Private Limited, reported revenue of ₹315 Cr for FY 2025, up 3% year on year.
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.
Novares has made 2 acquisitions, including Key Plastics, and Miniature Precision Components.
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.
Novares operates through Novares India Automotive Private Limited.
Yes. Novares was acquired by Global Technologies in April 2025.