About Novire Technologies
Novire Technologies is a Transportation, Automotive & Logistics company based in Navi Mumbai (India) founded in 2004. GPS-based asset and vehicle tracking solutions are provided. Novire Technologies has raised $1.6 million across 2 funding rounds from investors including Shernaz Varia, Suresh Sachdev and Uma Rajan. Novire Technologies was last valued at $1.63 million in January 2013. Its Indian entity Novire Technologies Private Limited reported revenue of ₹3.59 Cr. Novire Technologies offers products and services including GPS Tracking, Remote Asset Monitoring, and Management Services. Its focus areas include Consumer, Logistics Tech, Freight and Trucking.
Company details
Novire technologies is a GPS-based asset monitoring solutions provider for enterprises. Provides real-time status of an asset in shipping, manufacturing, construction, public transport, etc. Also offers temperature compressor monitoring systems to prevent refrigeration systems from failing, remote fuel monitors to prevent pilferage, load bounce balance monitors, etc. Also helps users to track orders in transit, provides route optimization reports, arrival time estimation, links to ERP systems to get trip and order details of vehicles.
- Headquarters Navi Mumbai, India
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website noviretechnologies.com
- Social LinkedIn
- Legal Name Novire Technologies Private Limited
- Date of Incorporation 10 May, 2004
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹3.59 Cr
FY 2024 · -23% YoY
- Net Profit₹14.4 Lakh
FY 2024 · 4% margin
- EBITDA₹1.93 Cr
FY 2024 · 54% margin
- Total Equity Funding$1.6M (USD)
in 2 rounds
- Latest Funding Round$386.82K (USD), Angel Round
Jan 2013
Associated legal entities of Novire Technologies
Novire Technologies operates through Novire Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novire Technologies Private Limited CIN U32200MH2004PTC146178 | Active | 10 May 2004 | Navi Mumbai, Maharashtra | ₹3.6 Cr | 22 | 3 | View details |
Products & Services of Novire Technologies
Novire Technologies offers a comprehensive portfolio of products and services, including GPS Tracking, Remote Asset Monitoring, and Management Services.
Real-time vehicle location and monitoring for security and efficiency.
Tracks asset movements and conditions using sensors and software.
Provides expert support for supply-chain and fleet optimization.
Funding Insights of Novire Technologies
Novire Technologies has successfully raised a total of $1.6M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $386.82 thousand completed in January 2013. 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 $1.6M
- Total Rounds 2
- Last Round Angel Round — $386,819
- First Round $1.22M
(Jan 2011)
- Investors Count 5
All 2 funding rounds of Novire Technologies 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 |
|---|---|---|---|---|---|
| Jan 2013 | $386,819 | Angel Round | $1.63M | Shernaz Varia | |
| Jan 2011 | $1.22M | Angel Round | – | Prasad Katragadda, Shernaz Varia |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2013 | $1.63M | •••••••• |
| Jan 2011 | $1.21M | •••••••• |
Last known valuation $1.63M (Jan 2013). 5 investors in total: 0 institutional and 5 angel.
Investors in Novire Technologies
Novire Technologies has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Shernaz Varia, Suresh Sachdev and Uma Rajan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SV Shernaz Varia | unknown_e338ce54be7e4d9c9 | |||
SS Suresh Sachdev | unknown_8e983cff914f4aa6a | |||
UR Uma Rajan | unknown_45b74eb79f2b41088 | |||
PK Prasad Katragadda | unknown_f07e6f87d22d4c3fb | |||
RG Ramakrishnan Gurusamy | unknown_8a6a5f214d4541818 |
Investor details for Novire Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Novire Technologies Private Limited (Novire Technologies)
Novire Technologies Private Limited is the primary company behind Novire Technologies. The board of Novire Technologies Private Limited currently have 3 directors; the longest-serving is Suresh Kumar Sachdev, appointed in 2007. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suresh Kumar Sachdev DIN 01981640 | Director | 01 Sep 2007 | 19 yrs 1 mo | Novire Technologies Private Limited |
| Hiten Dwarkadas Varia DIN 02285701 | Director | 05 Jul 2008 | 18 yrs 3 mo | Novire Technologies Private Limited |
| Rahul Rameshkumar Koul DIN 08603105 | Director | 02 Jul 2020 | 6 yrs 3 mo | Novire Technologies Private Limited |
People of Novire Technologies
10 people are tracked at Novire Technologies (3 in leadership, 2 in board & advisors, 5 in team).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Dattatray Salunkhe | Head Of Customer Service | Leadership |
Pramod Agarwal | CFO | Leadership |
Prabhu Natarajan | Director | Board & advisors |
Yogesh Kundra | Director | Board & advisors |
Subroto M. Roy | Account & Finance Department. | Team |
Mahesh Ravidas | Service Executive | Team |
Deepak Kakkad | Service Executive | Team |
Sunila Kumar Pradhan | Service Executive | Team |
Prakash Narawade | Technical Procurement Manager | Team |
Complete people profiles for Novire Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Novire Technologies
Figures of Novire Technologies Private Limited, the primary company behind Novire Technologies, for FY 2024. Revenue was ₹3.59 Cr (-23% year on year). Net profit was ₹14.4 Lakh (4% margin). EBITDA was ₹1.93 Cr (54% margin). Revenue has grown at a compounded annual rate of -15% over three years and -22% over five years.
- ₹3.59 CrRevenue · FY 2024 · -23% YoY
- ₹14.4 LakhNet profit · 4% margin
- ₹1.93 CrEBITDA · 54% margin
- ₹98.7 LakhPaid-up capital
- 22Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novire Technologies Private Limited are on its company page.
Detailed financial statements for Novire Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Novire Technologies
4 dated milestones of Novire Technologies across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Novire Technologies is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $387K.
Web traffic of Novire Technologies
Websites that share an audience with Novire Technologies (noviretechnologies.com).
Websites whose visitors overlap most with Novire Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
atraker.com | atraker.com | 100% | – | ||
| trackinggenie.com | 99% | 4K | #3,922,537 | View details | |
| indtrack.com | 97% | 1.1K | #14,806,264 | View details | |
| gpsintegrated.com | 95% | View details | |||
technopurple.com | technopurple.com | 73% | – |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Novire Technologies (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Novire Technologies
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Frequently Asked Questions about Novire Technologies
Novire Technologies was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Novire Technologies is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Novire Technologies is a funded company, having raised a total of $1.6M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1.22M, raised on Jan 2011.
The primary company behind Novire Technologies, Novire Technologies Private Limited, reported revenue of ₹3.59 Cr for FY 2024, down 23% year on year.
Novire technologies is a GPS-based asset monitoring solutions provider for enterprises. Provides real-time status of an asset in shipping, manufacturing, construction, public transport, etc. Also offers temperature compressor monitoring systems to prevent refrigeration systems from failing, remote fuel monitors to prevent pilferage, load bounce balance monitors, etc. Also helps users to track orders in transit, provides route optimization reports, arrival time estimation, links to ERP systems to get trip and order details of vehicles.
Novire Technologies offers GPS Tracking, Remote Asset Monitoring, and Management Services.
Novire Technologies has 5 investors. Key investors include Shernaz Varia, Suresh Sachdev, Uma Rajan, Prasad Katragadda, and Ramakrishnan Gurusamy.
The valuation of Novire Technologies is $1.63M as of Jan 2013.
Novire Technologies operates through Novire Technologies Private Limited.
The legal entities of Novire Technologies currently have 3 directors, including Rahul Rameshkumar Koul, Suresh Kumar Sachdev, Hiten Dwarkadas Varia.