About GSL Nova Petrochemicals Limited
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GSL Nova Petrochemicals Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 23 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L70101GJ1993PLC020927. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 22 Apr 2015 · voluntary delisting and trading in them on BSE (530605) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹13.5 Cr. It was formerly known as Nova Petrochemicals Limited. It is led by directors including Yash Kataria and Abhay Gandhi.
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 308 Shilp – II B/H Vikram Chamber Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹98,000, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.15 Cr and EBITDA of -₹2.77 Lakh (EBITDA margin -282.7%). Revenue has declined at a compounded annual rate (CAGR) of 170% over three years and 72% over five years.
The company is associated with 1 brand: Nova Petrochemicals. As per MCA filings, the company has open charges of ₹295.1 Cr and satisfied charges of ₹25 Cr on record. Court records list 68 cases involving the company, including 28 filed by the company and 40 filed against it; 6 cases are pending. The company has 29 deals on record (29 market trades); the latest was in December 2009. Its 10 peer companies in the Real Estate industry (Builders and Developers, Petrochemicals, Textile Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Balaji Infrarealty Private Limited with revenue of ₹98,240.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website novapetro.com.
Company details
CIN history
GSL Nova Petrochemicals has one previous CIN (Corporate Identification Number): L23200GJ1993PLC020927. The current CIN is L70101GJ1993PLC020927, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70101GJ1993PLC020927 | Current |
| L23200GJ1993PLC020927 | Previous |
Contact details
GSL Nova Petrochemicals Limited's registered office is in Ahmedabad, Gujarat. Its website is novapetro.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address308 Shilp – II B/H Vikram Chamber Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of GSL Nova Petrochemicals 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
GSL Nova Petrochemicals operates one associated brand: Nova Petrochemicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | novapetro.com |
Financials of GSL Nova Petrochemicals Limited
FY 2024 filings availableGSL Nova Petrochemicals Limited reported revenue of ₹98,000 (up 292% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 292% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 72%. EBITDA fell 5% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹2.77 Lakh | ||||
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| Net Profit (PAT) | -₹1.15 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -282.7% | ||||
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To see the full financial statements and ratios of GSL Nova Petrochemicals Limited, buy the company report.
Board of directors of GSL Nova Petrochemicals Limited
GSL Nova Petrochemicals has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Kataria | Director | 16 Dec 2022 | 3 Years 10 Months | Current |
| Abhay Gandhi | Director | 16 Dec 2022 | 3 Years 10 Months | Current |
| Sunil Kataria | Additional Director | 26 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
GSL Nova Petrochemicals Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Petrochemicals, Textile Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balaji Infrarealty Private Limited | ₹98,240 (FY 2020) | 568.0% | Kolkata, West Bengal, India | |||
| Indrapuri Landcon Private Limited | ₹98,214 (FY 2025) | -99.0% | Jaipur, Rajasthan, India | |||
| Newempire Infrastructure Private Limited | ₹98,140 (FY 2018) | -98.0% | Mumbai, Maharashtra, India | |||
| Skyhigh Rising Constructions Private Limited | ₹98,068 (FY 2024) | 15.0% | Kolkata, West Bengal, India | |||
| GSL Nova Petrochemicals Limitedthis company | ₹98,000 (FY 2024) | -₹1.15 Cr | 292.0% | Ahmedabad, Gujarat, India | ||
| Delta PV Pvt.Ltd. | ₹98,000 (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Uranus Projects Private Limited | ₹98,000 (FY 2020) | -93.0% | Hyderabad, Telangana, India | |||
| Om Fun Plaza Projects Private Limited | ₹98,000 (FY 2025) | Abohar, Punjab, India | ||||
| SPL Shelters Private Limited | ₹98,000 (FY 2025) | Chennai, Tamil Nadu, India | ||||
| Millennium Farm Resorts (India) Private Limited | ₹98,000 (FY 2024) | Pune, Maharashtra, India | ||||
| Anita Creations Private Limited | ₹98,000 (FY 2025) | -22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of GSL Nova Petrochemicals Limited, buy the company report.
Auditor
GSL Nova Petrochemicals Limited is audited by SAMIR M SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMIR M SHAH & ASSOCIATES | FY 2019 | 122377W |
Shareholding
The shareholding of GSL Nova Petrochemicals Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of GSL Nova Petrochemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2011 | 10308543 | Others | ₹70.2 Cr | Open | |
| 03 Jun 2011 | 10293060 | Others | ₹70.2 Cr | Open | |
| 23 Feb 2009 | 10145049 | Others | ₹154.7 Cr | Open | |
| 30 Aug 2002 | 80053215 | The Dhan Lakshmi Bank Limited | ₹5 Cr | Satisfied | |
| 06 Jul 1999 | 80030272 | Industrial Development Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of GSL Nova Petrochemicals Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
GSL Nova Petrochemicals Limited has 29 deals on record (29 market trades); the latest was in December 2009.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2009 | Market trade | ₹65 Lakh | Buyer: Regent Finance Corporation Private Limited , an individual Seller: Regent Finance Corporation Private Limited , an individual |
| Dec 2009 | Market trade | ₹1.36 Cr | Buyer: Regent Finance Corporation Private Limited , JMP Securities Private Limited , an individual Seller: Regent Finance Corporation Private Limited , an individual |
| Dec 2009 | Market trade | ₹63.7 Lakh | Buyer: Regent Finance Corporation Private Limited Seller: Regent Finance Corporation Private Limited |
| Oct 2009 | Market trade | ₹39.1 Lakh | Buyer: Hexa International Private Limited Seller: an individual |
| Oct 2009 | Market trade | ₹40.9 Lakh | Seller: Chiripal Industries Limited |
To see the full deal history of GSL Nova Petrochemicals 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
GSL Nova Petrochemicals Limited has 68 court cases on record: 28 filed by GSL Nova Petrochemicals, 40 filed against it. 6 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 24 | 5 |
| District courts | 24 | 16 | 1 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Fairdeal Process Automation Pvt. Ltd. and 2 others | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Garden Silk Mills Ltd. and 6 others | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Garden Silk Mills Ltd, Through Its Autho. Signatory- Jayesh Chhaganlal Modi | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Garden Silk Mills Ltd. | Disposed |
To see the full case history of GSL Nova Petrochemicals 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
No delayed payments to MSME suppliers are on our record for GSL Nova Petrochemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
GSL Nova Petrochemicals has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of GSL Nova Petrochemicals Limited, buy the company report.
Recent activity
GSL Nova Petrochemicals Limited has 35 board changes on record since 1993: 19 appointments and 16 cessations. The latest: Anilkumar Shyamsunder Singhal ceased to be Director on 26 Dec 2022.
38 earlier events are in the company report.
Frequently asked questions
GSL Nova Petrochemicals is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 23 December 1993 (33+ years old) and is registered under CIN L70101GJ1993PLC020927.
GSL Nova Petrochemicals has 3 current directors:
- Yash Kataria - Director
- Abhay Gandhi - Director
- Sunil Kataria - Additional Director
The latest financial statements of GSL Nova Petrochemicals 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. GSL Nova Petrochemicals has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of GSL Nova Petrochemicals is L70101GJ1993PLC020927. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSL Nova Petrochemicals is recorded as a listed company by MCA, but its shares were delisted from NSE on 22 Apr 2015 · voluntary delisting and trading in them on BSE (530605) has been suspended, so they do not currently trade on a stock exchange.
GSL Nova Petrochemicals has 68 court cases on record: 28 filed by the company and 40 filed against it. 6 are pending. Most are in the high courts.
GSL Nova Petrochemicals was incorporated on 23 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
GSL Nova Petrochemicals has 29 deals on record (29 market trades); the latest was in December 2009.
The peers of GSL Nova Petrochemicals by revenue are Balaji Infrarealty Private Limited, Indrapuri Landcon Private Limited, Newempire Infrastructure Private Limited, Skyhigh Rising Constructions Private Limited, Delta PV Pvt.Ltd. and 5 more, all in the Real Estate industry (Builders and Developers, Petrochemicals, Textile Retail and Distribution).
Anilkumar Shyamsunder Singhal ceased to be Director on 26 Dec 2022. Sandeep Shivkumar Goyal ceased to be Director on 26 Dec 2022. Shyamsunder Nandkishore Gupta ceased to be Director on 26 Dec 2022. GSL Nova Petrochemicals has 35 board changes on record in total.