Novalee Texofab Private Limited
About Novalee Texofab Private Limited
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Novalee Texofab Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17309GJ2020PTC116867. Its GSTIN is 24AAHCN1920E1ZX (Gujarat).
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.35 Cr. It is led by directors including Yash Hareshbhai Makvana and Dilipbhai Gordhanbhai Patel.
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 7 Novalee Textile Park, Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.97 Cr, a growth of 107% compared to the previous year. For the same year it recorded a net profit of ₹20.09 Lakh (net margin 1.1%) and EBITDA of ₹2.03 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 158% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.35 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Company details
Contact details
Novalee Texofab Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock No. 207 Plot No.7 Novalee Textile Park At – Lindiyad Tal., Mangrol, Surat, Gujarat, India – 394155
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Novalee Texofab 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
Business activity
The main business activity of Novalee Texofab 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 Texofab Private Limited, buy the company report.
Financials of Novalee Texofab Private Limited
FY 2025 filings availableNovalee Texofab Private Limited reported revenue of ₹18.97 Cr (up 107% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 158% over three years, including 107% growth in the latest year. EBITDA fell 1% 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 | ₹2.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.09 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 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Novalee Texofab Private Limited, buy the company report.
Board of directors of Novalee Texofab Private Limited
Novalee Texofab has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Hareshbhai Makvana | Director | 28 Sep 2020 | 6 Years 1 Months | Current |
| Dilipbhai Gordhanbhai Patel Also directs: Niti Textiles LLP | Director | 28 Sep 2020 | 6 Years 1 Months | Current |
| Mayurkumar Nalinbhai Gohil Also directs: Niti Textiles LLP | Director | 28 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Novalee Texofab Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sree Malathi Textiles Private Limited | ₹19.01 Cr (FY 2025) | -2.0% | Erode, Tamil Nadu, India | |||
| Mallikarjuna Fabtech Private Limited | ₹18.99 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Novalee Texofab Private Limitedthis company | ₹18.97 Cr (FY 2025) | ₹20.09 Lakh | 1.1% | 107.0% | 10 | Surat, Gujarat, India |
| M.L. Woollens Private Limited | ₹18.97 Cr (FY 2025) | 9.0% | Bikaner, Rajasthan, India | |||
| Anmol Knitters Private Limited | ₹18.96 Cr (FY 2025) | -52.0% | Punjab, India | |||
| Nash Fashion (India) Limited | ₹18.96 Cr (FY 2025) | -17.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Novalee Texofab Private Limited, buy the company report.
Auditor
Novalee Texofab Private Limited is audited by Hirapara & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hirapara & Associates | FY 2023 | 138136 |
Shareholding
The shareholding of Novalee Texofab Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Novalee Texofab Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2024 | 100873396 | Others | ₹50 Lakh | Open | |
| 23 Nov 2021 | 100501438 | Others | ₹9.85 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Novalee Texofab Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| 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 | 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 Texofab 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 Texofab Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novalee Texofab Private Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Novalee Texofab Private Limited, buy the company report.
GST
Novalee Texofab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCN1920E1ZX | Gujarat | Active | 31 May 2021 |
To see the full GST registrations and return filing status of Novalee Texofab Private Limited, buy the company report.
Recent activity
Novalee Texofab Private Limited has 5 board changes on record since 2020: 4 appointments and 1 cessation. The latest: Rupeshkumar Arvindbhai Sarvaiya ceased to be Director on 03 Aug 2023.
Frequently asked questions
Novalee Texofab is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 September 2020 (6+ years old) and is registered under CIN U17309GJ2020PTC116867.
Novalee Texofab has 3 current directors:
- Yash Hareshbhai Makvana - Director
- Dilipbhai Gordhanbhai Patel - Director
- Mayurkumar Nalinbhai Gohil - Director
The latest financial statements of Novalee Texofab 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 2021 are in the company report.
The GSTIN of Novalee Texofab is 24AAHCN1920E1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Novalee Texofab is U17309GJ2020PTC116867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novalee Texofab has 2 court cases on record: 2 filed against it.
Novalee Texofab was incorporated on 28 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Novalee Texofab by revenue are Sree Malathi Textiles Private Limited, Mallikarjuna Fabtech Private Limited, M.L. Woollens Private Limited, Anmol Knitters Private Limited, Nash Fashion (India) Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Rupeshkumar Arvindbhai Sarvaiya ceased to be Director on 03 Aug 2023. Dilipbhai Gordhanbhai Patel was appointed as Director on 28 Sep 2020. Mayurkumar Nalinbhai Gohil was appointed as Director on 28 Sep 2020. Novalee Texofab has 5 board changes on record in total.
The registered office of Novalee Texofab is at Block No. 207 Plot No.7 Novalee Textile Park At – Lindiyad Tal., Mangrol, Surat, Gujarat, India – 394155.
Novalee Texofab operates in the manufacturing industry, in the textile and fabric production segment.
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