India's Richest People 2026 edition · 1 director · Source: Hurun India
- #655 Kishore Musale & family ₹4,900 Cr
Revenue · FY 2025
₹680.12 Cr
▲ 41% YoY
Net profit · FY 2025
₹73.83 Cr
Net margin 10.9%
EBITDA · FY 2025
₹183.4 Cr
EBITDA margin 27%
Authorised capital
₹188.01 Cr
Registered with MCA
Paid-up capital
₹44.04 Cr
Issued & subscribed
Open charges
₹734.81 Cr
Satisfied ₹1,134.73 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
423
Provident fund records
About Naxnova Technologies Private Limited
Data last updated:
Naxnova Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 05 October 2011 and has been in existence for over 15 years.
Its director Kishore Musale and family are #655 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2011PTC222752. Its GSTIN is 27AAFCR5312Q1ZY (Maharashtra). The company holds 11 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹188.01 Cr and a paid-up capital of ₹44.04 Cr. It was formerly known as Resync Auto Solutions Private Limited and Resync Imaging Solutions Private Limited. It is led by directors including Salil Kishore Musale (Managing Director) and Sameer Kishore Musale (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 76/79 Astarc House Takpada Makwana Lane Marol Andheri (E) Mumbai, 400059, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹680.12 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹73.83 Cr (net margin 10.9%) and EBITDA of ₹183.4 Cr (EBITDA margin 27%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 13% over five years.
The company has about 423 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Naxnova and Classic Stripes. As per MCA filings, the company has open charges of ₹734.81 Cr and satisfied charges of ₹1,134.73 Cr on record. Court records list 41 cases involving the company, including 19 filed by the company and 22 filed against it; 9 cases are pending. The company has 4 deals on record (2 acquisitions, 1 debt financing, 1 funding round), with disclosed funding of ₹417.08 Cr; the latest was in September 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naxnova.com.
Company details
CIN U74110MH2011PTC222752
Registration Number 222752
Incorporation Date 05 October 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Naxnova Technologies has undergone 4 name changes throughout its history. The current legal name is Naxnova Technologies Private Limited.
| Company Name | Status |
|---|---|
| Naxnova Technologies Private Limited | Current |
| Resync Auto Solutions Private Limited | Previous |
| Resync Imaging Solutions Private Limited | Previous |
| Resync Agro Private Limited | Previous |
| Classic Stripes Private Limited | Previous |
CIN history
Naxnova Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110MH2011PTC222752, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2011PTC222752 | Current |
| U01403MH2011PTC222752 | Previous |
| U52100MH2011PTC222752 | Previous |
Key People
Salil Kishore Musale Managing Director Sameer Kishore Musale Managing Director Pandurang Vasantrao Chougale Whole-Time Director Recognitions & Rankings of Naxnova Technologies
Contact details
Naxnova Technologies Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address76/79 Astarc House Takpada Makwana Lane Marol Andheri (E) Mumbai, 400059, Maharashtra, India – 400059
- IndustryAutomotive, Auto Parts & Components
Comprehensive company report
Naxnova Technologies Private Limited - one report that includes everything
- 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
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Brands
Naxnova Technologies operates two associated brands: Naxnova and Classic Stripes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of automotive graphics and integrated surface augmentation solution | classicstripes.com | |
| Develops cutting-edge design and technology for automotive, healthcare, and consumer sectors. | naxnova.com |
Business activity
The main business activity of Naxnova Technologies is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Naxnova Technologies Private Limited, buy the company report.
Financials of Naxnova Technologies Private Limited
FY 2024 filings availableNaxnova Technologies Private Limited reported revenue of ₹680.12 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹680.12 Cr ▲ 41%
Net profit · FY 2025
₹73.83 Cr margin 10.9%
EBITDA · FY 2025
₹183.4 Cr margin 27%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 25%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 10%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 41% growth in the latest year. EBITDA rose 4% 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 | ₹183.4 Cr | ||||
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| Net Profit (PAT) | ₹73.83 Cr | ||||
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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 | 27% | ||||
| Net Profit Margin | 10.9% | ||||
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To see the full financial statements and ratios of Naxnova Technologies Private Limited, buy the company report.
Board of directors of Naxnova Technologies Private Limited
Naxnova Technologies has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salil Kishore Musale Also directs: Farmhive Private Limited, Bhoomi Mining Private Limited, Astarc Enterprises Private Limited and 5 more | Managing Director | 23 May 2017 | 9 Years 5 Months | Current |
| Pandurang Vasantrao Chougale | Whole-Time Director | 15 Sep 2021 | 5 Years 1 Months | Current |
| Kishore Manohar Musale Also directs: Farmhive Private Limited, Bhoomi Mining Private Limited, Durabuild Technologies Private Limited and 5 more | Director | 23 May 2017 | 9 Years 5 Months | Current |
| Sameer Kishore Musale Also directs: Farmhive Private Limited, Classic Retail Imaging Solutions Private Limited, Astarc Power Private Limited and 5 more | Managing Director | 23 May 2017 | 9 Years 5 Months | Current |
Charges & borrowings
Open charges
₹734.81 Cr
Satisfied charges
₹1,134.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2025 | 101070189 | Others | ₹93 Cr | Open | |
| 30 Jul 2024 | 100957380 | Others | ₹10 Cr | Open | |
| 08 Jul 2024 | 100947459 | Others | ₹400 Cr | Open | |
| 29 Apr 2023 | 100720823 | Axis Bank Limited | ₹53 Cr | Open | |
| 28 Mar 2023 | 100702889 | Others | ₹30 Cr | Open |
To see the full charge records of Naxnova Technologies Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Naxnova Technologies Private Limited has 4 deals on record (2 acquisitions, 1 debt financing, 1 funding round), with disclosed funding of ₹417.08 Cr; the latest was in September 2017.
Total deals
4
Acquisitions
2
Debt financing
1
Funding round
1
Disclosed funding
₹417.08 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Funding round | ₹327.08 Cr | Investors: 4 individuals |
| Mar 2016 | Debt financing | ₹90 Cr | Investors: BOI AXA Corporate Credit Spectrum Fund, KKR India Private Equity, BOI AXA Short Term Income Fund |
| Jan 2016 | Acquisition | Undisclosed | Buyer: Ambition Tourism Private Limited Seller: Astarc Enterprises Private Limited |
| Oct 2013 | Acquisition | Undisclosed | Buyer: Astarc Enterprises Private Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Naxnova Technologies Private Limited has 41 court cases on record: 19 filed by Naxnova Technologies, 22 filed against it. 9 cases are pending and 32 are disposed.
Total cases
41
Filed by the company
19
Filed against the company
22
Pending
9
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 6 | 3 |
| District courts | 9 | 8 | 3 |
| Supreme Court | 4 | 4 | 3 |
| NCLAT | 4 | 4 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Kinetic Green Energy and Power Solutions Limited Supa | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Lintec India Pvt Ltd | Disposed |
| High Court | Commercial suit | Filed by the company against Lintec India Private Limited | Disposed |
| High Court | Court case (LPETN) | Filed by the company against Lintec India Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed against the company by an individual | Pending |
To see the full case history of Naxnova Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Naxnova Technologies Private Limited was last rated by Crisil on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Naxnova Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Naxnova Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Naxnova Technologies has 11 GST registrations: 8 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
8
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR5312Q1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCR5312Q2ZX | Maharashtra | Active | 21 Jul 2017 |
| 24AAFCR5312Q2Z3 | Gujarat | Active | 01 Jul 2017 |
| 05AAFCR5312Q1Z4 | Uttarakhand | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Naxnova Technologies Private Limited, buy the company report.
Recent activity
Naxnova Technologies Private Limited has 16 board changes on record since 2015: 4 appointments and 12 cessations. The latest: Kedar Mangesh Latke ceased to be Company Secretary on 15 May 2025.
Ceased
Kedar Mangesh Latke ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 93.00 Cr with Charge ID 101070189 was registered on 03 Feb 2025.
AGM
Naxnova Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100957380 was registered on 30 Jul 2024.
Charges
A charge with Others of Rs. 400.00 Cr registered on 08 Jul 2024 with Charge ID 100947459 was modified on 18 Jul 2024.
Charges
A charge with Others amounted to Rs. 400.00 Cr with Charge ID 100947459 was registered on 08 Jul 2024.
Filing
Naxnova Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 68.81 Cr registered on 29 Sep 2020 with Charge ID 100414600 was modified on 14 Mar 2024.
Charges
A charge registered on 14 Feb 2020 via Charge ID 100331092 with Others was fully satisfied on 07 Nov 2023.
Charges
A charge with Others of Rs. 30.00 Cr registered on 28 Mar 2023 with Charge ID 100702889 was modified on 31 May 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 53.00 Cr with Charge ID 100720823 was registered on 29 Apr 2023.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100702889 was registered on 28 Mar 2023.
50 earlier events are in the company report.
News
Frequently asked questions
Naxnova Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 05 October 2011 (15+ years old) and is registered under CIN U74110MH2011PTC222752.
Naxnova Technologies has 4 current directors:
- Salil Kishore Musale - Managing Director
- Sameer Kishore Musale - Managing Director
- Pandurang Vasantrao Chougale - Whole-Time Director
- Kishore Manohar Musale - Director
The latest financial statements of Naxnova Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Naxnova Technologies is 27AAFCR5312Q1ZY, registered in Maharashtra. The company has 11 GST registrations in all, of which 8 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAFCR5312Q2ZX (Maharashtra), 24AAFCR5312Q2Z3 (Gujarat), 05AAFCR5312Q1Z4 (Uttarakhand).
The CIN (Corporate Identification Number) of Naxnova Technologies is U74110MH2011PTC222752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naxnova Technologies has 41 court cases on record: 19 filed by the company and 22 filed against it. 9 are pending. Most are in the high courts.
Naxnova Technologies was incorporated on 05 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Naxnova Technologies has 4 deals on record (2 acquisitions, 1 debt financing, 1 funding round), with disclosed funding of ₹417.08 Cr; the latest was in September 2017.
Kedar Mangesh Latke ceased to be Company Secretary on 15 May 2025. Pandurang Vasantrao Chougale ceased to be Additional Director on 30 Nov 2021. Kishore Manohar Musale ceased to be Director on 28 Nov 2021. Naxnova Technologies has 16 board changes on record in total.
Naxnova Technologies can be reached through the website naxnova.com. Its registered office is in Mumbai, Maharashtra, India.