About D. R. Novel Advisors Private Limited
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D. R. Novel Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 31 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2016PTC287299. Its GSTIN is 27AAFCD8952N1ZY (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Anuj Kumar Moda and Deepesh Umashanker Nigam.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.62 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹13.41 Lakh (net margin 8.3%) and EBITDA of ₹18.37 Lakh (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 29% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website drnovel.co.in.
Company details
Contact details
D. R. Novel Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is drnovel.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Quality Foils (India Ltd Unit – 03 Podium Level A Wing Satellite Tower, Filmcity Road Goregoan (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of D. R. Novel Advisors Private Limited, buy the company report.
- 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
Business activity
The main business activity of D. R. Novel Advisors is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of D. R. Novel Advisors Private Limited, buy the company report.
Financials of D. R. Novel Advisors Private Limited
FY 2025 filings availableD. R. Novel Advisors Private Limited reported revenue of ₹1.62 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 69% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹18.37 Lakh | ||||
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| Net Profit (PAT) | ₹13.41 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | 8.3% | ||||
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To see the full financial statements and ratios of D. R. Novel Advisors Private Limited, buy the company report.
Board of directors of D. R. Novel Advisors Private Limited
D. R. Novel Advisors has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Kumar Moda Also directs: Shri Rang Mining and Minerals LLP, Babulnath Mining Works LLP, Shri Mahakal Mines and Minerals Private Limited and 4 more | Director | 31 Oct 2016 | 10 Years 0 Months | Current |
| Deepesh Umashanker Nigam Also directs: Orange Stone Financial Advisory LLP, Shri Rang Mining and Minerals LLP, Babulnath Mining Works LLP and 5 more | Director | 31 Oct 2016 | 10 Years 0 Months | Current |
| Harshad Gajanan Mestry | Director | 31 Oct 2016 | 10 Years 0 Months | Current |
Auditor
D. R. Novel Advisors Private Limited is audited by A.R. Joshi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.R. Joshi & Associates | FY 2023 | 127832W |
Shareholding
The shareholding of D. R. Novel Advisors Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of D. R. Novel Advisors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving D. R. Novel Advisors 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 D. R. Novel Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
D. R. Novel Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCD8952N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of D. R. Novel Advisors Private Limited, buy the company report.
Recent activity
D. R. Novel Advisors Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Vaibhav Bhagat ceased to be Director on 25 Apr 2022.
Frequently asked questions
D. R. Novel Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 31 October 2016 (10+ years old) and is registered under CIN U67190MH2016PTC287299.
D. R. Novel Advisors has 3 current directors:
- Anuj Kumar Moda - Director
- Deepesh Umashanker Nigam - Director
- Harshad Gajanan Mestry - Director
The latest financial statements of D. R. Novel Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of D. R. Novel Advisors is 27AAFCD8952N1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of D. R. Novel Advisors is U67190MH2016PTC287299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D. R. Novel Advisors was incorporated on 31 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Vaibhav Bhagat ceased to be Director on 25 Apr 2022. Nirav Laxmichand Mamniya ceased to be Director on 17 Jan 2019. Anuj Kumar Moda was appointed as Director on 31 Oct 2016. D. R. Novel Advisors has 5 board changes on record in total.
D. R. Novel Advisors can be reached through the website drnovel.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of D. R. Novel Advisors is at CO Quality Foils India Ltd Unit – 03 Podium Level A Wing Satellite Tower, Filmcity Road Goregoan East, Mumbai, Maharashtra, India – 400063.
D. R. Novel Advisors operates in the financial services industry, in the diversified financial services segment.
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