MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0078460
Novalee Polyfab Private Limited
Novalee Polyfab Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.47 Cr
▲ 7% YoY
Net loss · FY 2025
₹25 Lakh
Net margin -1.2%
EBITDA · FY 2025
₹95.4 Lakh
EBITDA margin 4.4%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Open charges
₹9 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Novalee Polyfab Private Limited
Data last updated:
Novalee Polyfab Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 06 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17299GJ2021PTC123879. Its GSTIN is 24AAHCN6805G1ZJ (Gujarat).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Jayshriben Mayurbhai Gohil and Kiritbhai Batukbhai Makvana.
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 Second Floor Novalee Textile Park, Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.47 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹25 Lakh (net margin -1.2%) and EBITDA of ₹95.4 Lakh (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years.
As per MCA filings, the company has open charges of ₹9 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
Novalee Polyfab Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0078460).
Company details
CIN U17299GJ2021PTC123879
Registration Number 123879
Incorporation Date 06 July 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0078460
Key People
Jayshriben Mayurbhai Gohil Director Kiritbhai Batukbhai Makvana Director Manishaben Dilipbhai Patel Director Recognitions & Rankings of Novalee Polyfab
Contact details
Novalee Polyfab Private Limited's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressBlock No. 207 Plot No.7 First & Second Floor Novalee Textile Park Vil – Lindiyad Tal, . Mangrol, Surat, Gujarat, India – 394155
- IndustryManufacturing, Leather Goods, Textile & Fabric Production
To see the full contact details of Novalee Polyfab Private Limited, buy the company report.
Comprehensive company report
Novalee Polyfab 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
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Business activity
The main business activity of Novalee Polyfab is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Novalee Polyfab Private Limited, buy the company report.
Financials of Novalee Polyfab Private Limited
FY 2025 filings availableNovalee Polyfab Private Limited reported revenue of ₹21.47 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹21.47 Cr ▲ 7%
Net loss · FY 2025
₹25 Lakh margin -1.2%
EBITDA · FY 2025
₹95.4 Lakh margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 74%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▲ 35%
Revenue has grown at a compounded annual rate (CAGR) of 74% over three years, including 7% growth in the latest year. EBITDA fell 34% 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 |
|---|---|---|---|---|
| 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 | ₹95.4 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹25 Lakh | |||
| 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.4% | |||
| Net Profit Margin | -1.2% | |||
| 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 Novalee Polyfab Private Limited, buy the company report.
Board of directors of Novalee Polyfab Private Limited
Novalee Polyfab has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayshriben Mayurbhai Gohil | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
| Kiritbhai Batukbhai Makvana | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
| Manishaben Dilipbhai Patel Also directs: Diofab Private Limited | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Novalee Polyfab Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P4 Tex Fab Private Limited | ₹21.52 Cr (FY 2024) | -22.0% | Surat, Gujarat, India | |||
| Royal Tex Fab Private Limited | ₹21.52 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Harsha Yarn and Synthetics Private Limited | ₹21.49 Cr (FY 2025) | 62.0% | Ichalkaranji, Maharashtra, India | |||
| Annur Sriambal Fabrics Private Limited | ₹21.49 Cr (FY 2025) | 2.0% | Coimbatore(Dt), Tamil Nadu, India | |||
| RGT Fashion Private Limited | ₹21.48 Cr (FY 2024) | 48.0% | Kolkata, West Bengal, India | |||
| Novalee Polyfab Private Limitedthis company | ₹21.47 Cr (FY 2025) | -₹25 Lakh | -1.2% | 7.0% | Surat, Gujarat, India | |
| Deluxe Fabrics (I) Limited | ₹21.46 Cr (FY 2025) | 13.0% | Punjab, India | |||
| Satnam Processors Private Limited | ₹21.46 Cr (FY 2024) | -6.0% | Surat, Gujarat, India | |||
| Apollo Design Apparel Parks Limited | ₹21.45 Cr (FY 2023) | -57.0% | Mumbai, Maharashtra, India | |||
| Shyam Cotton Private Limited | ₹21.43 Cr (FY 2019) | 42.0% | Tankara, Gujarat, India | |||
| R D Cotlink Private Limited | ₹21.4 Cr (FY 2016) | 38.0% | Savarkundla, Gujarat, India |
To see the full peer comparison of Novalee Polyfab Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2021 | 100501442 | Others | ₹9 Cr | Open |
To see the full charge records of Novalee Polyfab Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Novalee Polyfab Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (CR EN) | Filed against the company by Shri R. S. Gamit, Government Labour Officer and Bonus Payment Inspector, Surat | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Shri R. S. Gamit, Government Labour Officer and Bonus Payment Inspector, Surat | Disposed |
| District court, SURAT, Gujarat | Court case (CR EN) | Filed against the company by Shri R. S. Gamit, Government Labour Officer and Inspector Under Minimum Wages Act, Surat | Disposed |
To see the full case history of Novalee Polyfab 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
No delayed payments to MSME suppliers are on our record for Novalee Polyfab Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novalee Polyfab Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
Active EPFO establishments
1
GST
Novalee Polyfab has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCN6805G1ZJ | Gujarat | Active | 04 Aug 2021 |
To see the full GST registrations and return filing status of Novalee Polyfab Private Limited, buy the company report.
Recent activity
Novalee Polyfab Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Bhaveshkumar Arvindbhai Sarvaiya ceased to be Director on 03 Aug 2023.
AGM
Novalee Polyfab Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Novalee Polyfab Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bhaveshkumar Arvindbhai Sarvaiya ceased to be Director.
Charges
A charge with Others of Rs. 9.00 Cr registered on 23 Nov 2021 with Charge ID 100501442 was modified on 16 Nov 2022.
Charges
A charge with Others amounted to Rs. 9.00 Cr with Charge ID 100501442 was registered on 23 Nov 2021.
Appointed
Jayshriben Mayurbhai Gohil was appointed as Director.
Appointed
Kiritbhai Batukbhai Makvana was appointed as Director.
Appointed
Manishaben Dilipbhai Patel was appointed as Director.
Incorporation
06 Jul 2021
Novalee Polyfab Private Limited was registered on 06 Jul 2021 with Roc Ahmedabad & aged 5 years 3 months as per MCA records.
Frequently asked questions
Novalee Polyfab is an active private limited company based in Surat, Gujarat, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 06 July 2021 (5+ years old) and is registered under CIN U17299GJ2021PTC123879.
Novalee Polyfab has 3 current directors:
- Jayshriben Mayurbhai Gohil - Director
- Kiritbhai Batukbhai Makvana - Director
- Manishaben Dilipbhai Patel - Director
The latest financial statements of Novalee Polyfab 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 FY 2022 are in the company report.
The GSTIN of Novalee Polyfab is 24AAHCN6805G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Novalee Polyfab is U17299GJ2021PTC123879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novalee Polyfab has 3 court cases on record: 3 filed against it.
Novalee Polyfab was incorporated on 06 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Novalee Polyfab by revenue are P4 Tex Fab Private Limited, Royal Tex Fab Private Limited, Harsha Yarn and Synthetics Private Limited, Annur Sriambal Fabrics Private Limited, RGT Fashion Private Limited and 5 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhaveshkumar Arvindbhai Sarvaiya ceased to be Director on 03 Aug 2023. Jayshriben Mayurbhai Gohil was appointed as Director on 06 Jul 2021. Kiritbhai Batukbhai Makvana was appointed as Director on 06 Jul 2021. Novalee Polyfab has 4 board changes on record in total.
Yes, Novalee Polyfab is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0078460).
The registered office of Novalee Polyfab is at Block No. 207 Plot No.7 First & Second Floor Novalee Textile Park Vil – Lindiyad Tal, . Mangrol, Surat, Gujarat, India – 394155.
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