MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0002826
Nov India Private Limited - machinery and equipment in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹304.75 Cr
▲ 27% YoY
Net profit · FY 2025
₹25.08 Cr
Net margin 8.2%
EBITDA · FY 2025
₹42.49 Cr
EBITDA margin 13.9%
Authorised capital
₹37 Cr
Registered with MCA
Paid-up capital
₹26.65 Cr
Issued & subscribed
Satisfied charges
₹25.65 Cr
No open charges
Company age
20 yrs
Est. 2006
Employees · EPFO
252
Provident fund records
About Nov India Private Limited
Data last updated:
Nov India Private Limited is a foreign private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of National Oilwell Varco Pte. Ltd.. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 09 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29199MH2006FTC165462. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹37 Cr and a paid-up capital of ₹26.65 Cr. It was formerly known as Reedhycalog India Private Limited. It is led by directors including Anand Narayanaswamy (Manager) and Steven James Ross.
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 Plot No – R/497 Ttc Industrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹304.75 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹25.08 Cr (net margin 8.2%) and EBITDA of ₹42.49 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 13% over five years.
The company has about 252 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹25.65 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 3 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.64 Cr; the latest was in March 2022. The company has 15 MSME Form 1 returns on record between 2017 and 2023, listing 537 overdue payments to 87 micro and small suppliers.
Nov India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0002826). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nov.com.
Company details
CIN U29199MH2006FTC165462
Registration Number 165462
Incorporation Date 09 November 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company National Oilwell Varco Pte. Ltd.
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0002826
Recognitions & Rankings of Nov India
Contact details
Nov India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is nov.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No – R/497 Ttc Industrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Nov India Private Limited, buy the company report.
Comprehensive company report
Nov India 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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Secure checkout · GST invoice included
Business activity
The main business activities of Nov India are manufacturing and support service to organizations. In detail, this covers repair & installation of machinery & equipment, motor vehicles and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Nov India Private Limited, buy the company report.
Financials of Nov India Private Limited
FY 2024 filings availableNov India Private Limited reported revenue of ₹304.75 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹304.75 Cr ▲ 27%
Net profit · FY 2025
₹25.08 Cr margin 8.2%
EBITDA · FY 2025
₹42.49 Cr margin 13.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 28%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 33%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 27% growth in the latest year. EBITDA rose 39% 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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| Total Expenses | |||||
| EBITDA | ₹42.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.08 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | ||||
| Net Profit Margin | 8.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nov India Private Limited, buy the company report.
Board of directors of Nov India Private Limited
Nov India has 4 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Narayanaswamy Also directs: Nov Digital Technologies Private Limited | Manager | 18 Sep 2014 | 12 Years 1 Months | Current |
| Steven James Ross Also directs: Nov Mfg India Private Limited | Director | 29 Jun 2021 | 5 Years 3 Months | Current |
| Trevor Brian Martin | Director | 18 Sep 2014 | 12 Years 1 Months | Current |
| Ritesh Naita Also directs: Nov Mfg India Private Limited | Director | 01 Jun 2023 | 3 Years 4 Months | Current |
Auditor
Nov India Private Limited is audited by Rajendra & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajendra & Co. | FY 2023 | 108355W |
Shareholding
The shareholding of Nov India 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nov India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹25.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2012 | 10359858 | Barracuda Ventures Pte Ltd | ₹17.96 Cr | Satisfied | |
| 22 May 2012 | 10359685 | Barracuda Ventured Pte Ltd | ₹7.7 Cr | Satisfied |
To see the full charge records of Nov India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Nov India Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.64 Cr; the latest was in March 2022.
Total deals
7
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹26.64 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Nov CAPS Pte Limited Seller: Nov Elmar Pte. Ltd. |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: National Oilwell Varco Pte. Limited Seller: Barracuda Ventures Pte. Limited |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: National Oilwell Varco Pte. Limited Seller: Grant Prideco Inc, Reedhycalog International Holdings Llc |
| Mar 2013 | Funding round | ₹6.64 Cr | Investors: Barracuda Ventures Pte. Limited, Nov Elmar Pte. Ltd., Nov Rig Solutions Pte. Ltd. |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: National Oilwell Varco Pte. Limited Seller: Now (Asia) Inc. |
To see the full deal history of Nov India 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
Nov India Private Limited has 6 court cases on record: 2 filed by Nov India, 4 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Maharashtra State Electricity Distribution Company Limited Through Superintending Engineer | Pending |
| District court, Thane, Maharashtra | Commercial suit | Filed against the company by Ashwin Raichand Shah HUF, Prop of Shakti Services | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Nov India 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.
MSME payment delays
Nov India Private Limited has 15 MSME Form 1 returns on record between 2017 and 2023, listing 537 overdue payments to 87 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 87)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| 321635 - Aradhana Enterprise | |||
| an individual supplier | |||
| an individual supplier | |||
| Oil Field Warehouse & Services Limited | |||
| an individual supplier |
To see the full MSME payment records of Nov India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nov India Private Limited has a workforce of 252 employees on its EPFO records as of Mar 21, 2024, across 2 active EPFO establishments.
Employee count
252
Active EPFO establishments
2
Employee growth
33.33%
GST
Nov India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Nov India Private Limited, buy the company report.
Recent activity
Nov India Private Limited has 21 board changes on record since 2008: 4 appointments and 17 cessations. The latest: Ritesh Naita ceased to be Additional Director on 28 Sep 2023.
AGM
Nov India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Nov India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ritesh Naita ceased to be Additional Director.
Ceased
Kedarnathan Narayanan Iyer ceased to be Manager.
Appointed
Ritesh Naita was appointed as Director.
Ceased
Steven James Ross ceased to be Additional Director.
Ceased
Chetan Mahesh Keny ceased to be Manager.
Appointed
Steven James Ross was appointed as Director.
Ceased
Keith Duncan Harland ceased to be Director.
Ceased
Nikhil Ashok Madhekar ceased to be Additional Director.
Ceased
Parthiban Batmakesavan ceased to be Manager.
Ceased
Paul Amar Singh ceased to be Additional Director.
16 earlier events are in the company report.
Frequently asked questions
Nov India is an active foreign private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 09 November 2006 (20+ years old) and is registered under CIN U29199MH2006FTC165462.
Nov India has 4 current directors:
- Steven James Ross - Director
- Trevor Brian Martin - Director
- Ritesh Naita - Director
- Anand Narayanaswamy - Manager
The latest financial statements of Nov India 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.
No. Nov India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nov India is U29199MH2006FTC165462. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nov India has 6 court cases on record: 2 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Nov India was incorporated on 09 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Nov India has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.64 Cr; the latest was in March 2022.
Ritesh Naita ceased to be Additional Director on 28 Sep 2023. Kedarnathan Narayanan Iyer ceased to be Manager on 01 Jun 2023. Ritesh Naita was appointed as Director on 01 Jun 2023. Nov India has 21 board changes on record in total.
Yes, Nov India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0002826).
Nov India has 15 MSME Form 1 returns on record between 2017 and 2023, listing 537 overdue payments to 87 micro and small suppliers. The latest return was filed on 29 Aug 2023.