About Novalite Limited
Data last updated:
Novalite Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 15 January 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25200KA1998PLC023272. Its GSTIN is 29AACCS0373F1ZG (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.8 Cr. It was formerly known as Shah Polymers Exim Limited and Tuflite Polymers Limited. It is led by directors including Mukesh S Shah (Managing Director) and Neeta Mukesh Shah (Whole-Time Director).
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 No. 240/1 Ganesh Krupa 18th Cross Sadashivanagar, Bangalore, Karnataka, India – 560080.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.09 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹2.05 Cr (net margin -98.4%) and EBITDA of -₹1.71 Cr (EBITDA margin -82.2%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 51% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Tuflite. As per MCA filings, the company has open charges of ₹9.06 Cr and satisfied charges of ₹15.97 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tuflite.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 240/1 Ganesh Krupa 18th Cross Sadashivanagar, Bangalore, Karnataka, India – 560080
- IndustryManufacturing, Construction Materials
- 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
- One PDF report, delivered after checkout
Name History of Novalite Limited
Novalite has undergone 2 name changes throughout its history. The company was previously known as Shah Polymers Exim Limited, and Tuflite Polymers Limited. The current legal name is Novalite Limited.
| Company Name | Status |
|---|---|
| Novalite Limited | Current |
| Shah Polymers Exim Limited | Previous |
| Tuflite Polymers Limited | Previous |
CIN History of Novalite Limited
Novalite has one previous CIN (Corporate Identification Number): U85110KA1998PLC023272. The current CIN is U25200KA1998PLC023272, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200KA1998PLC023272 | Current |
| U85110KA1998PLC023272 | Previous |
Associated Brands with Novalite Limited
Novalite operates one associated brand: Tuflite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Polycarbonate sheets for roofing applications are manufactured in India. | tuflite.com |
Competitors & Alternatives of Novalite Limited
Brands and companies operating in the same space as Novalite Limited include Marshalls, James Hardie, Cornerstone Building Brands and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Marshalls | Natural stone and concrete hard landscaping products are manufactured. | Elland, United Kingdom | 1890 |
 James Hardie | Cement siding and backer boards are produced for construction uses. | Illinois City, United States | 1888 |
 Cornerstone Building Brands | Exterior building products are manufactured for residential and commercial markets. | Cary, United States | 2018 |
 Henry | Vapour barriers, roofing, and waterproofing systems are supplied. | El Segundo, United States | 1981 |
 Carlisle | Manufacturer and supplier of premium building materials, coatings, and sealing solutions for various industries, with a portfolio of brands and subsidiaries across multiple sectors | Scottsdale, United States | 1917 |
 Joris Ide | Manufacturer of roof and wall systems | Zwevezele, Belgium | 1985 |
 Eskola | Waterproofing and roofing materials are supplied by Eskola from Morristown. | Morristown, United States | 1972 |
Business Activity of Novalite Limited
The main business activity of Novalite is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Novalite Limited
Novalite Limited is audited by Patel Mohan Ramesh & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Patel Mohan Ramesh & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Novalite Limited
Novalite has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeta Mukesh Shah Also directs: Tuflite Innovative Solutions Private Limited | Whole-Time Director | 30 Sep 2000 | 26 Years 0 Months | Current |
| Nupur Mukesh Shah Also directs: Tuflite Innovative Solutions Private Limited | Whole-Time Director | 27 Apr 2017 | 9 Years 5 Months | Current |
| Mukesh S Shah | Managing Director | 15 Jan 1998 | 28 Years 8 Months | Current |
| Shashikant Hargovindas Shah Also directs: Echora Constructions Private Limited | Director | 15 Jan 1998 | 28 Years 8 Months | Current |
Financials of Novalite Limited FY 2025 filings available
Novalite Limited reported revenue of ₹2.09 Cr (down 73% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Novalite Limited
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 73% fall in the latest year. EBITDA rose 81% 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 of Novalite Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹1.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.05 Cr | •••• | •••• | •••• | •••• |
| 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 of Novalite Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -82.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -98.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Novalite are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Novalite Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Novalite Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Nov 2020 | Hdfc Bank Limited | ₹10 Lakh | Open |
| 21 Oct 2015 | Dbs Bank Ltd | ₹4 Cr | Open |
| 10 Feb 2015 | Dbs Bank Ltd | ₹4.96 Cr | Open |
| 31 Mar 2021 | Standard Chartered Bank | ₹1.2 Cr | Satisfied |
| 18 Aug 2017 | Standard Chartered Bank | ₹75.53 Lakh | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Novalite Limited
Novalite Limited has a workforce of 1 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Novalite Limited
Novalite has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS0373F1ZG | Karnataka | Active | 01 Jul 2017 |
| 24AACCS0373F1ZQ | Gujarat | Active | 01 Jul 2017 |
| 27AACCS0373F1ZK | Maharashtra | Active | 01 Jul 2017 |
| 33AACCS0373F1ZR | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Novalite Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Novalite Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Novalite Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Novalite Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Novalite Limited
Frequently Asked Questions about Novalite Limited
Novalite is an active public limited company based in Bangalore, Karnataka, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 15 January 1998 (28+ years old) and is registered under CIN U25200KA1998PLC023272.
Novalite reported revenue of ₹2.09 Cr for FY 2025 (down 73% YoY).
Novalite has 4 current directors:
- Mukesh S Shah - Managing Director
- Neeta Mukesh Shah - Whole-Time Director
- Nupur Mukesh Shah - Whole-Time Director
- Shashikant Hargovindas Shah - Director
Novalite reported a net loss of ₹2.05 Cr (net margin -98.4%) and EBITDA of -₹1.71 Cr (EBITDA margin -82.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Novalite is -70% over three years and -51% over five years. In the latest year (FY 2025) revenue fell 73%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Novalite is 29AACCS0373F1ZG, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AACCS0373F1ZQ (Gujarat), 27AACCS0373F1ZK (Maharashtra), 33AACCS0373F1ZR (Tamil Nadu).
The CIN (Corporate Identification Number) of Novalite is U25200KA1998PLC023272. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novalite was incorporated on 15 January 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Novalite can be reached through the website tuflite.com. Its registered office is in Bangalore, Karnataka, India.