About Novaair Technologies Private Limited
Data last updated:
Novaair Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Novo Holding Ii Pte. Ltd. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 07 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40200MH2019PTC332675. Its GSTIN is 27AAGCN7447R1ZJ (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹15.7 Cr and a paid-up capital of ₹14.59 Cr. It is led by directors including Lincoln Lin Feng Pan and Sujey Subramanian.
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 C – 20 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.14 Cr (net margin -9.1%) and EBITDA of ₹36.18 Cr (EBITDA margin 32.4%). Revenue has grown at a compounded annual rate (CAGR) of 237% over three years and 732% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹123.5 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending.
For more details, the company can be reached via its website novaair.co.in.
Company details
Contact details
Novaair Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is novaair.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 20 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Novaair Technologies 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 Novaair Technologies is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Novaair Technologies Private Limited, buy the company report.
Financials of Novaair Technologies Private Limited
FY 2024 filings availableNovaair Technologies Private Limited reported revenue of ₹111.82 Cr (up 160% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 732% over five years, including 160% growth in the latest year. EBITDA rose 876% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹36.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.14 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.4% | ||||
| Net Profit Margin | -9.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Novaair Technologies Private Limited, buy the company report.
Board of directors of Novaair Technologies Private Limited
Novaair Technologies has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lincoln Lin Feng Pan | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
| Sujey Subramanian | Director | 03 Oct 2020 | 6 Years 0 Months | Current |
| Aswin Vikram Also directs: Novaair Private Limited, Nuvama Wealth Management Limited, Acme Formulation Private Limited and 4 more | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Gajanan Jagannath Nabar Also directs: Novaair Private Limited | Director | 07 Nov 2019 | 6 Years 11 Months | Current |
| Olivia Jodie Meixiu Dong Also directs: Novaair Private Limited | Additional Director | 26 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Novaair Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Industrial Gases), with the same principal business activity (manufacture of gas, distribution of gaseous fuels), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Taiyo Nippon Sanso India Private Limited | ₹166.7 Cr (FY 2025) | -22.0% | Khed, Maharashtra, India | |||
| Madhuraj Industrial Gases Private Limited | ₹157.66 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Aurangabad Carbon Products Private Limited | ₹115.05 Cr (FY 2025) | 21.0% | Aurangabad, Maharashtra, India | |||
| Novaair Technologies Private Limitedthis company | ₹111.82 Cr (FY 2025) | -₹10.14 Cr | -9.1% | 160.0% | 27 | Mumbai, Maharashtra, India |
| Peenya Industrial Gases Private Limited | ₹90.98 Cr (FY 2025) | 19.0% | Bangalore, Karnataka, India | |||
| Verni Gastech Private Limited | ₹90.64 Cr (FY 2025) | 27.0% | Surat, Gujarat, India |
To see the full peer comparison of Novaair Technologies Private Limited, buy the company report.
Auditor
Novaair Technologies Private Limited is audited by S R B C & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & Co LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Novaair Technologies Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Novaair Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2025 | 101119091 | Others | ₹28.5 Cr | Open | |
| 25 May 2024 | 100936684 | Others | ₹75 Cr | Open | |
| 22 Jun 2022 | 100593143 | Others | ₹20 Cr | Open |
To see the full charge records of Novaair Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Novaair Technologies Private Limited has 3 court cases on record: 2 filed by Novaair Technologies, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by The State of Andhra Pradesh | Pending |
| High Court | Original application | Filed by the company against ZTT India Private Limited and 5 others | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Novaair 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.
MSME payment delays
Novaair Technologies Private Limited has 3 MSME Form 1 returns on record between 2021 and 2024, listing 63 overdue payments to 24 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 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Risk Engineering | |||
| Microchem Enterprises | |||
| Sriram Safety and Quality Management Services Private Limited | |||
| Hasnain Syndicate | |||
| Khee Logistics India Private Limited |
To see the full MSME payment records of Novaair Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Novaair Technologies Private Limited has a workforce of 27 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
Novaair Technologies has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCN7447R1ZJ | Maharashtra | Active | 21 Dec 2019 |
| 37AAGCN7447R1ZI | Andhra Pradesh | Active | 08 Jan 2020 |
| 29AAGCN7447R1ZF | Karnataka | Active | 27 Jul 2020 |
| 20AAGCN7447R1ZX | Jharkhand | Active | 08 Apr 2024 |
To see the full GST registrations and return filing status of Novaair Technologies Private Limited, buy the company report.
Recent activity
Novaair Technologies Private Limited has 12 board changes on record since 2019: 5 appointments and 7 cessations. The latest: Olivia Jodie Meixiu Dong was appointed as Additional Director on 26 Aug 2025.
9 earlier events are in the company report.
Frequently asked questions
Novaair Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 07 November 2019 (7+ years old) and is registered under CIN U40200MH2019PTC332675.
Novaair Technologies has 5 current directors:
- Lincoln Lin Feng Pan - Director
- Sujey Subramanian - Director
- Aswin Vikram - Director
- Gajanan Jagannath Nabar - Director
- Olivia Jodie Meixiu Dong - Additional Director
The latest financial statements of Novaair 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 FY 2020 are in the company report.
The GSTIN of Novaair Technologies is 27AAGCN7447R1ZJ, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 37AAGCN7447R1ZI (Andhra Pradesh), 29AAGCN7447R1ZF (Karnataka), 20AAGCN7447R1ZX (Jharkhand).
The CIN (Corporate Identification Number) of Novaair Technologies is U40200MH2019PTC332675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novaair Technologies has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Novaair Technologies was incorporated on 07 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Novaair Technologies by revenue are Taiyo Nippon Sanso India Private Limited, Madhuraj Industrial Gases Private Limited, Aurangabad Carbon Products Private Limited, Peenya Industrial Gases Private Limited, Verni Gastech Private Limited, all in the Chemicals industry (Industrial Gases), with the same principal business activity (manufacture of gas, distribution of gaseous fuels).
Olivia Jodie Meixiu Dong was appointed as Additional Director on 26 Aug 2025. Aswin Vikram ceased to be Additional Director on 29 Sep 2023. Aswin Vikram was appointed as Director on 21 Oct 2022. Novaair Technologies has 12 board changes on record in total.
Novaair Technologies has 3 MSME Form 1 returns on record between 2021 and 2024, listing 63 overdue payments to 24 micro and small suppliers. The latest return was filed on 01 May 2024.
Novaair Technologies can be reached through the website novaair.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Novaair Technologies is at C – 20 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.