About NOVARGI
NOVARGI is an Industrial Goods & Manufacturing company based in Spain founded in 2004. Process equipment and packages are supplied for the energy sector. Its Indian entity Novargi Engineering Private Limited reported revenue of ₹13.45 Cr. NOVARGI offers products and services including Process Equipment and Consultancy Services. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
NOVARGI was founded in 2004 in Spain as a provider of process equipment and packages for the energy industry. Operations include design, procurement, and delivery of units for oil and gas, petrochemical, and energy applications. Services cover engineering, fabrication, procurement management, and commissioning support, with solutions such as process skids, thermal equipment, and environmental technologies. A global partner network is utilized to meet safety and quality standards.
- Headquarters Spain
- SectorsIndustrial Goods & Manufacturing
- Website novargi.com
- Social LinkedIn YouTube
- Legal Name Novargi Engineering Private Limited
- Date of Incorporation 02 Apr, 2019
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹13.45 Cr
FY 2025 · +195% YoY
- Indian entity net profit₹41.7 Lakh
FY 2025 · 3% margin
- Indian entity EBITDA₹87.8 Lakh
FY 2025 · 7% margin
- Latest Funding Round$2.58M (USD), Grant
Nov 2021
- Investors
Associated legal entities of NOVARGI
NOVARGI operates through Novargi Engineering 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 |
|---|---|---|---|---|---|---|---|
| Novargi Engineering Private Limited CIN U74999PN2019FTC183254 | Active | 02 Apr 2019 | Pune, Maharashtra | ₹13.4 Cr | 4 | View details |
Products & Services of NOVARGI
NOVARGI offers a comprehensive portfolio of products and services, including Process Equipment and Consultancy Services.
Process equipment is designed and supplied for oil, gas, and petrochemical applications
Feasibility studies and consultancy are offered for project execution in various industrial sectors
Apps and channels of NOVARGI
its YouTube channel IÑAKI has 26 subscribers.
Funding Insights of NOVARGI
- Total Rounds 2
- Last Round Grant — $2.58M
- First Round $624,405
(Sep 2015)
- Investors Count 1
All 2 funding rounds of NOVARGI 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 |
|---|---|---|---|---|---|
| Nov 2021 | $2.58M | Grant | – | – | |
| Sep 2015 | $624,405 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in NOVARGI
NOVARGI has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for NOVARGI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Novargi Engineering Private Limited (NOVARGI)
Novargi Engineering Private Limited is the primary company behind NOVARGI. The board of Novargi Engineering Private Limited currently have 4 directors; the longest-serving is Iker Pinedo Belda, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Iker Pinedo Belda DIN 08364746 | Director | 02 Apr 2019 | 7 yrs 6 mo | Novargi Engineering Private Limited |
| Gopalakrishna Pillai Padmakumar DIN 00498736 | Comp. Inc. OI as Promoter | 02 Apr 2019 | 7 yrs 6 mo | Novargi Engineering Private Limited |
| Jose Manuel Aguirre Telleria DIN 09162825 | Director | 25 Jun 2021 | 5 yrs 4 mo | Novargi Engineering Private Limited |
| Upeshkumar Sureshchandra Dudhwala DIN 08913442 | Director | 26 Sep 2023 | 3 yrs 1 mo | Novargi Engineering Private Limited |
People of NOVARGI
4 people are tracked at NOVARGI (1 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Juan Caubilla | CEO and Principal Engineer | Leadership |
Javier Mendieta Goyache | Ingeniero De Proyecto, Propuestas Y Compras | Team |
Chandan Verma | Electrical Engineering Leader | Team |
Rodolfo Cavaliere da Rocha | Studies And Proposals Engineer | Team |
Complete people profiles for NOVARGI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of NOVARGI
Figures of Novargi Engineering Private Limited, the primary company behind NOVARGI, for FY 2025. Revenue was ₹13.45 Cr (+195% year on year). Net profit was ₹41.7 Lakh (3% margin). EBITDA was ₹87.8 Lakh (7% margin). Revenue has grown at a compounded annual rate of +219% over three years.
- ₹13.45 CrRevenue · FY 2025 · +195% YoY
- ₹41.7 LakhNet profit · 3% margin
- ₹87.8 LakhEBITDA · 7% margin
- ₹1 LakhPaid-up capital
- +219%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Novargi Engineering Private Limited are on its company page.
Detailed financial statements for NOVARGI
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of NOVARGI
3 dated milestones of NOVARGI across 17 years, from founding to its latest funding, stage changes and deals.
- Founded NOVARGI is founded.
- Funding First funding round of $624K.
- Funding Latest funding round, Grant, of $2.6M.
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Frequently Asked Questions about NOVARGI
NOVARGI was founded in 2004 and raised its 1st funding round 11 years after it was founded.
NOVARGI is headquartered in Spain.
The primary company behind NOVARGI, Novargi Engineering Private Limited, reported revenue of ₹13.45 Cr for FY 2025, up 195% year on year.
NOVARGI was founded in 2004 in Spain as a provider of process equipment and packages for the energy industry. Operations include design, procurement, and delivery of units for oil and gas, petrochemical, and energy applications. Services cover engineering, fabrication, procurement management, and commissioning support, with solutions such as process skids, thermal equipment, and environmental technologies. A global partner network is utilized to meet safety and quality standards.
NOVARGI offers Process Equipment and Consultancy Services.
NOVARGI has 1 investor. Key investors include European Union.
NOVARGI operates through Novargi Engineering Private Limited.
The legal entities of NOVARGI currently have 4 directors, including Jose Manuel Aguirre Telleria, Upeshkumar Sureshchandra Dudhwala, Iker Pinedo Belda and others.