Neo Elegance Private Limited
About Neo Elegance Private Limited
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Neo Elegance Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 20 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2011PTC216444. Its GSTIN is 27AADCN6005E1ZT (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Neo Fincom Private Limited. It is led by directors including Paras Nahata (Managing Director) and Prince Paras Nahata.
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 4th Floor 259 Kalbadevi Road Johari Mansion, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.06 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹31.6 Lakh (net margin -1.1%) and EBITDA of ₹2.37 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company is associated with 1 brand: Neofin. The company has 6 deals on record (5 funding rounds, 1 rights issue), with disclosed funding of ₹4.52 Cr; the latest was in February 2022. Its 5 peer companies in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 4 smaller; the largest is Volga Management and Consultancy Private Limited with revenue of ₹29.09 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Neo Elegance Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4th Floor 259 Kalbadevi Road Johari Mansion, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Neo Elegance 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
Brands
Neo Elegance operates one associated brand: Neofin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| No-code lending automation platform is offered to financial institutions. | neo-fin.com |
Business activity
The main business activity of Neo Elegance is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Neo Elegance Private Limited, buy the company report.
Financials of Neo Elegance Private Limited
FY 2025 filings availableNeo Elegance Private Limited reported revenue of ₹29.06 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 49% 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 | ₹2.37 Cr | ||||
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| Net Profit (PAT) | -₹31.6 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 | 8.1% | ||||
| Net Profit Margin | -1.1% | ||||
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To see the full financial statements and ratios of Neo Elegance Private Limited, buy the company report.
Board of directors of Neo Elegance Private Limited
Neo Elegance has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prince Paras Nahata Also directs: Shree Balaji Texcom Limited | Director | 12 Aug 2015 | 11 Years 2 Months | Current |
| Paras Nahata Also directs: Shree Balaji Texcom Limited | Managing Director | 20 Apr 2011 | 15 Years 6 Months | Current |
| Noratan Tejkaran Nahata Also directs: Shree Balaji Texcom Limited | Director | 20 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Neo Elegance Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Volga Management and Consultancy Private Limited | ₹29.09 Cr (FY 2017) | 614.0% | Delhi, India | |||
| Neo Elegance Private Limitedthis company | ₹29.06 Cr (FY 2025) | -₹31.6 Lakh | -1.1% | -16.0% | Mumbai, Maharashtra, India | |
| Mangaldhan Commotrade Private Limited | ₹29.04 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| New Asia Globicon Private Limited | ₹29.02 Cr (FY 2025) | 2.0% | Delhi, India | |||
| S V Fabrics Private Limited | ₹28.97 Cr (FY 2025) | 20.0% | Secunderabad, Telangana, India | |||
| Adinath Fin Trade Private Limited | ₹28.96 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Neo Elegance Private Limited, buy the company report.
Auditor
Neo Elegance Private Limited is audited by JAIN V & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN V & CO | FY 2022 | 116306W |
Shareholding
The shareholding of Neo Elegance Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neo Elegance Private Limited, buy the company report.
Deals & funding
Neo Elegance Private Limited has 6 deals on record (5 funding rounds, 1 rights issue), with disclosed funding of ₹4.52 Cr; the latest was in February 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Rights issue | ₹90.3 Lakh | Investors: 3 individuals |
| Jan 2019 | Funding round | ₹3 Cr | Investors: Ashtvinayak Traders Private Limited , Amritrashi Suppliers Private Limited , Pranesh Traders Private Limited |
| Jul 2011 | Funding round | ₹60 Lakh | Investors: Terry Towels Industries Limited |
| Jul 2011 | Funding round | ₹20 Lakh | Investors: K Sera Sera Production Limited |
| Jul 2011 | Funding round | ₹70 Lakh | Investors: Dhanus Technologies Limited |
To see the full deal history of Neo Elegance Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Neo Elegance 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 Neo Elegance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neo Elegance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCN6005E1ZT | Maharashtra | Active | 11 Feb 2019 |
To see the full GST registrations and return filing status of Neo Elegance Private Limited, buy the company report.
Recent activity
Neo Elegance Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Prince Paras Nahata was appointed as Director on 12 Aug 2015.
Frequently asked questions
Neo Elegance is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 20 April 2011 (15+ years old) and is registered under CIN U74999MH2011PTC216444.
Neo Elegance has 3 current directors:
- Paras Nahata - Managing Director
- Prince Paras Nahata - Director
- Noratan Tejkaran Nahata - Director
The latest financial statements of Neo Elegance 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 2015 are in the company report.
The GSTIN of Neo Elegance is 27AADCN6005E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neo Elegance is U74999MH2011PTC216444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Elegance was incorporated on 20 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Neo Elegance has 6 deals on record (5 funding rounds, 1 rights issue), with disclosed funding of ₹4.52 Cr; the latest was in February 2022.
The peers of Neo Elegance by revenue are Volga Management and Consultancy Private Limited, Mangaldhan Commotrade Private Limited, New Asia Globicon Private Limited, S V Fabrics Private Limited, Adinath Fin Trade Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Prince Paras Nahata was appointed as Director on 12 Aug 2015. Noratan Tejkaran Nahata was appointed as Director on 20 Apr 2011. Paras Nahata was appointed as Managing Director on 20 Apr 2011.
The registered office of Neo Elegance is at 4th Floor 259 Kalbadevi Road Johari Mansion, Mumbai, Maharashtra, India – 400002.
Neo Elegance operates in the home and lifestyle industry, in the textile retail and distribution segment.
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