About Novac Technology Solutions Private Limited
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Novac Technology Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Shriram Value Services Limited. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72100TN2018PTC122516. Its GSTIN is 33ABACS2674N1Z2 (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹30.32 Cr. It was formerly known as Shriram Tech Services Private Limited. It is led by directors including Nanda Kishore Sesha Narayanam (Managing Director) and Ajay Thomas John.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Pavilion New No 10 13 And 100, Abhiramapuram 4th Street Ttk Road Alwarpet Chennai 600018, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹320.98 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹10.57 Cr (net margin 3.3%) and EBITDA of ₹57.26 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 16% over five years.
The company has about 3,735 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: NovacTech and Novac Technology Solutions. As per MCA filings, the company has open charges of ₹42.01 Cr on record. The company has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novactech.in.
Company details
CIN history
Novac Technology Solutions has one previous CIN (Corporate Identification Number): U93000TN2018PTC122516. The current CIN is U72100TN2018PTC122516, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100TN2018PTC122516 | Current |
| U93000TN2018PTC122516 | Previous |
Contact details
Novac Technology Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is novactech.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Pavilion New No 10 13 And 100, Abhiramapuram 4th Street Ttk Road Alwarpet Chennai 600018, Tamil Nadu, India – 600018
- IndustryInformation Technology, Cloud Computing & Cloud Services
To see the full contact details of Novac Technology Solutions 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
Novac Technology Solutions operates two associated brands: NovacTech and Novac Technology Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers digital transformation, cloud solutions, and sector-specific services for enterprises. | novactech.com | |
| Digital transformation and cloud solutions are provided in sectors like FinTech, InsurTech, and Digital Learning. | novactech.in |
Business activity
The main business activity of Novac Technology Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Novac Technology Solutions Private Limited, buy the company report.
Financials of Novac Technology Solutions Private Limited
FY 2025 filings availableNovac Technology Solutions Private Limited reported revenue of ₹320.98 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 5% growth in the latest year. EBITDA rose 30% 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 | ₹57.26 Cr | ||||
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| Net Profit (PAT) | ₹10.57 Cr | ||||
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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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| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | 3.3% | ||||
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To see the full financial statements and ratios of Novac Technology Solutions Private Limited, buy the company report.
Board of directors of Novac Technology Solutions Private Limited
Novac Technology Solutions has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Thomas John | Director | 29 Nov 2021 | 4 Years 11 Months | Current |
| Rangasami Seshadri | Director | 20 Jan 2025 | 1 Years 9 Months | Current |
| Mahesh Chandrasekhara Menon Also directs: Envestor Ventures Private Limited, S10 Technologies Private Limited, S10 Healthcare Solutions Private Limited and 2 more | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Vani Narayanan Also directs: Shriram Value Services Limited, Shriram Trustees Limited | Director | 02 Apr 2019 | 7 Years 7 Months | Current |
| Nanda Kishore Sesha Narayanam | Managing Director | 04 May 2018 | 8 Years 5 Months | Current |
Auditor
Novac Technology Solutions Private Limited is audited by For Sundar Srini & Sridhar Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For Sundar Srini & Sridhar Chartered Accountants | FY 2023 | 004201S |
Shareholding
The shareholding of Novac Technology Solutions 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 Novac Technology Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2025 | 101196817 | Hdfc Bank Limited | ₹3.2 Cr | Open | |
| 05 May 2025 | 101092012 | Others | ₹5.5 Cr | Open | |
| 20 Jun 2024 | 100936825 | Others | ₹14.15 Cr | Open | |
| 20 Jun 2024 | 100936839 | Others | ₹4.16 Cr | Open | |
| 01 Mar 2023 | 100690699 | Others | ₹10 Cr | Open |
Total charge records: 6 View all charges
Deals & funding
Novac Technology Solutions Private Limited has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Others- Novac Technology Solutions Private Limited, Shriram Value Services Limited & Nanda Kishore Sesha Narayanam, 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Others- Novac Technology Solutions Private Limited Seller: 4 individuals |
| Mar 2020 | Rights issue | ₹28.94 Cr | Investors: Shriram Value Services Limited |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Shriram Value Services Limited Seller: Shriram Group Executives Welfare Trust, an individual |
| Mar 2019 | Rights issue | ₹11.9 Cr | Investors: Shriram Value Services Limited , Shriram Group Executives Welfare Trust, an individual |
To see the full deal history of Novac Technology Solutions 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 Novac Technology Solutions 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 Novac Technology Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Novac Technology Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Novac Digital Services Private Limited | U72900TN2019PTC126739 |
To see the full group structure of Novac Technology Solutions Private Limited, buy the company report.
Employees & EPFO
Novac Technology Solutions Private Limited has a workforce of 3,735 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Novac Technology Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33ABACS2674N1Z2 | Tamil Nadu | Active | 20 Jul 2018 |
| 36ABACS2674N1ZW | Telangana | Active | 22 Apr 2019 |
| 27ABACS2674N1ZV | Maharashtra | Active | 18 May 2019 |
To see the full GST registrations and return filing status of Novac Technology Solutions Private Limited, buy the company report.
Recent activity
Novac Technology Solutions Private Limited has 10 board changes on record since 2018: 5 appointments and 5 cessations. The latest: Rangasami Seshadri ceased to be Additional Director on 21 Jan 2025.
7 earlier events are in the company report.
Frequently asked questions
Novac Technology Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U72100TN2018PTC122516.
Novac Technology Solutions has 5 current directors:
- Nanda Kishore Sesha Narayanam - Managing Director
- Ajay Thomas John - Director
- Rangasami Seshadri - Director
- Mahesh Chandrasekhara Menon - Director
- Vani Narayanan - Director
The latest financial statements of Novac Technology Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Novac Technology Solutions is 33ABACS2674N1Z2, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36ABACS2674N1ZW (Telangana), 27ABACS2674N1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Novac Technology Solutions is U72100TN2018PTC122516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novac Technology Solutions was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Novac Technology Solutions has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in March 2025.
Rangasami Seshadri ceased to be Additional Director on 21 Jan 2025. Rangasami Seshadri was appointed as Director on 20 Jan 2025. Nanda Kishore Sesha Narayanam ceased to be Director on 31 Aug 2024. Novac Technology Solutions has 10 board changes on record in total.
Novac Technology Solutions can be reached through the website novactech.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Novac Technology Solutions is at The Pavilion New No 10 13 And 100, Abhiramapuram 4th Street Ttk Road Alwarpet Chennai 600018, Tamil Nadu, India – 600018.
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