Novac Technology Solutions Private Limited - Company Profile

It is a information technology private limited company based in Chennai, Tamil Nadu, India, established in 2018.

2018 Chennai, Tamil Nadu, India Active

Last Updated: January 05, 2026

About Novac Technology Solutions Private Limited

Novac Technology Solutions Private Limited, a active private limited company, was established on 04 May 2018 in Chennai, Tamil Nadu, India. Engaging in cloud computing & cloud services within the information and communication sector, it holds CIN: U72100TN2018PTC122516. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹32.00 Cr and a paid-up capital of ₹30.32 Cr.

Formerly known as Shriram Tech Services Private Limited. It upholds a compliant status. Employing 3,735 professional, Its leadership includes Ajay Thomas John (Director), Rangasami Seshadri (Director), Mahesh Chandrasekhara Menon (Director). Past directors included Ajay Thomas John, Rangasami Seshadri, Ramesh Gopal. It holds ₹42.01 Cr open charges and no settled loans. Its latest AGM occurred on 28 August 2025, with the balance sheet filed on 31 March 2025. It is based at The Pavilion, New No, 10, 13 And 100, Abhiramapuram 4Th Street, Ttk Road, Alwarpet, Chennai 600018, Chennai, Tamil Nadu, 600018.

Company Details

CIN/LLPIN
U72100TN2018PTC122516
Registration Number
122516
Incorporation Date
04 May 2018
Authorized Capital
₹32.00 Cr
Paid-Up Capital
₹30.32 Cr
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 32.00 Cr as on 05-01-2026
Paid Up Capital ₹ 30.32 Cr as on 05-01-2026
Company Age 7 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 42.01 Cr as on 05-01-2026
Revenue Growth **** 47.70% (FY 2023)
Profit Growth **** 146.16% (FY 2023)
Ebitda **** 27.60% (FY 2023)
Net Worth 13.01% (FY 2023)
Total Assets **** 24.49% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Novac Technology Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Novac Technology Solutions Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ajay Thomas John	Director	29 Nov 2021	Current
Rangasami Seshadri	Director	20 Jan 2025	Current
Mahesh Chandrasekhara Menon	Director	04 May 2018	Current
Vani Narayanan	Director	02 Apr 2019	Current
Nanda Kishore Sesha Narayanam	Managing Director	04 May 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Additional Director	21 Jan 2025	Past
Pramod Abcsdd	Additional Director	25 Sep 2019	Past
Pramod Abcsdd	Additional Director	25 Sep 2019	Past
Pramod Abcsdd	Director	31 Aug 2024	Past

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Financial Performance of Novac Technology Solutions.

Novac Technology Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 47.7% increase. The company also saw a substantial improvement in profitability, with a 146.16% increase in profit. The company's net worth Soared by an impressive increase of 13.01%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

47.70%

*******

Revenue from Operations

*******

47.73%

*******

Total Assets

*******

24.49%

*******

Profit or Loss

*******

146.16%

*******

Net Worth

*******

13.01%

*******

EBITDA

*******

27.60%

*******

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What is the Ownership and Shareholding Structure of Novac Technology Solutions?

In 2023, Novac Technology Solutions had a promoter holding of 98.50% and a public holding of 1.50%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹420,130,818.43

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 33.81 Cr
Hdfc Bank Limited : 8.20 Cr

Latest Charge Details

Date	Lender	Amount	Status
05 Dec 2025	Hdfc Bank Limited	₹3.20 Cr	Open
05 May 2025	Others	₹5.50 Cr	Open
20 Jun 2024	Others	₹14.15 Cr	Open
20 Jun 2024	Others	₹4.16 Cr	Open
01 Mar 2023	Others	₹10.00 Cr	Open

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How Many Employees Work at Novac Technology Solutions?

Novac Technology Solutions has a workforce of 3735 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Novac Technology Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Novac Technology Solutions's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Novac Technology Solutions

Recent Activity within the Organization

Charges

The activity A charge with Hdfc Bank Limited amounted to Rs. 3.20 Cr with Charge ID 101196817 was registered on 05 Dec 2025. was completed.
05 Dec 2025
Annual General Meeting

The activity Novac Technology Solutions Private Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records. was completed.
28 Aug 2025
Charges

The activity A charge with Others amounted to Rs. 5.50 Cr with Charge ID 101092012 was registered on 05 May 2025. was completed.
05 May 2025
Balance Sheet

Progress on Novac Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was documented.
31 Mar 2025
Director Appointment

Progress on Rangasami Seshadri was appointed as a Director was appointed as a Director on 20 Jan 2025 & has been associated with this company since 1 year 28 days . was documented.
20 Jan 2025
Director Appointment

Progress on Kumar Balan was appointed as a Cfo was appointed as a Cfo on 02 Jul 2024 & has been associated with this company since 1 year 7 months . was documented.
02 Jul 2024

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