MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0006905
Nova Hvac Systems (India) Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.69 Cr
▲ 18% YoY
Net profit · FY 2025
₹73.55 Lakh
Net margin 7.6%
EBITDA · FY 2025
₹1.02 Cr
EBITDA margin 10.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
18
Provident fund records
About Nova Hvac Systems (India) Private Limited
Data last updated:
Nova Hvac Systems (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 15 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29190MH2005PTC153987. Its GSTIN is 27AACCN1228J1ZK (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ajit Shanker Panicker and Shilpa Gurnaney Panicker.
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 339 Udyog Mandir Unit Nos 11 & 12 Bhagoji Keer Marg Mahim (West), Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.69 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹73.55 Lakh (net margin 7.6%) and EBITDA of ₹1.02 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 22% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr on record.
Nova Hvac Systems (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0006905). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novainitiative.com.
Company details
CIN U29190MH2005PTC153987
Registration Number 153987
Incorporation Date 15 June 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0006905
Key People
Ajit Shanker Panicker Director Shilpa Gurnaney Panicker Director Radhakishin Tirathdas Gurnaney Director Recognitions & Rankings of Nova Hvac Systems (India)
Contact details
Nova Hvac Systems (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is novainitiative.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address339 Udyog Mandir Unit Nos 11 & 12 Bhagoji Keer Marg Mahim (West), Mumbai, Maharashtra, India – 400016
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Nova Hvac Systems (India) Private Limited, buy the company report.
Comprehensive company report
Nova Hvac Systems (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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Nova Hvac Systems (India) is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Nova Hvac Systems (India) Private Limited, buy the company report.
Financials of Nova Hvac Systems (India) Private Limited
FY 2025 filings availableNova Hvac Systems (India) Private Limited reported revenue of ₹9.69 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹9.69 Cr ▲ 18%
Net profit · FY 2025
₹73.55 Lakh margin 7.6%
EBITDA · FY 2025
₹1.02 Cr margin 10.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 22%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 105%
5 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 18% growth in the latest year. EBITDA rose 35% 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 | ₹1.02 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹73.55 Lakh | ||||
| Balance Sheet | |||||
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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 | 10.5% | ||||
| Net Profit Margin | 7.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nova Hvac Systems (India) Private Limited, buy the company report.
Board of directors of Nova Hvac Systems (India) Private Limited
Nova Hvac Systems (India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Shanker Panicker | Director | 24 Feb 2023 | 3 Years 8 Months | Current |
| Shilpa Gurnaney Panicker | Director | 22 Nov 2005 | 20 Years 11 Months | Current |
| Radhakishin Tirathdas Gurnaney | Director | 22 Nov 2005 | 20 Years 11 Months | Current |
Auditor
Nova Hvac Systems (India) Private Limited is audited by H M K & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H M K & ASSOCIATES | FY 2020 | 139341W |
Shareholding
The shareholding of Nova Hvac Systems (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nova Hvac Systems (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2021 | 100441692 | State Bank of India | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Nova Hvac Systems (India) 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 Nova Hvac Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nova Hvac Systems (India) Private Limited has a workforce of 18 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
5.88%
GST
Nova Hvac Systems (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN1228J1ZK | Maharashtra | Active | 01 Jul 2017 |
| 30AACCN1228J2ZW | Goa | Active | 13 Oct 2017 |
To see the full GST registrations and return filing status of Nova Hvac Systems (India) Private Limited, buy the company report.
Recent activity
Nova Hvac Systems (India) Private Limited has 3 board changes on record since 2005: 3 appointments. The latest: Ajit Shanker Panicker was appointed as Director on 24 Feb 2023.
AGM
Nova Hvac Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nova Hvac Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Ajit Shanker Panicker was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 100.00 Lakh with Charge ID 100441692 was registered on 12 Apr 2021.
Appointed
Radhakishin Tirathdas Gurnaney was appointed as Director.
Appointed
Shilpa Gurnaney Panicker was appointed as Director.
Incorporation
15 Jun 2005
Nova Hvac Systems (India) Private Limited was registered on 15 Jun 2005 with Roc Mumbai I & aged 21 years 4 months as per MCA records.
Frequently asked questions
Nova Hvac Systems (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 15 June 2005 (21+ years old) and is registered under CIN U29190MH2005PTC153987.
Nova Hvac Systems (India) has 3 current directors:
- Ajit Shanker Panicker - Director
- Shilpa Gurnaney Panicker - Director
- Radhakishin Tirathdas Gurnaney - Director
The latest financial statements of Nova Hvac Systems (India) 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 Nova Hvac Systems (India) is 27AACCN1228J1ZK, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 30AACCN1228J2ZW (Goa).
The CIN (Corporate Identification Number) of Nova Hvac Systems (India) is U29190MH2005PTC153987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova Hvac Systems (India) was incorporated on 15 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajit Shanker Panicker was appointed as Director on 24 Feb 2023. Radhakishin Tirathdas Gurnaney was appointed as Director on 22 Nov 2005. Shilpa Gurnaney Panicker was appointed as Director on 22 Nov 2005.
Yes, Nova Hvac Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0006905).
Nova Hvac Systems (India) can be reached through the website novainitiative.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nova Hvac Systems (India) is at 339 Udyog Mandir Unit Nos 11 & 12 Bhagoji Keer Marg Mahim West, Mumbai, Maharashtra, India – 400016.