About Novanet India Private Limited
Data last updated:
Novanet India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 18 November 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1997PTC111950. Its GSTIN is 27AAACN9139L1Z0 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹16.5 Lakh. It was formerly known as Novanet Technologies Private Limited and Novanet Technologies Limited. It is led by directors Sunil Kumar Pachar (Whole-Time Director) and Mangesh Bablya Karshinkar.
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 El Tara Building No 10 Office No 302 Third Floor Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.07 Lakh, a growth of 60% compared to the previous year. For the same year it recorded a net loss of ₹15.5 Lakh and EBITDA of -₹15.2 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 72% over five years.
As per MCA filings, the company has satisfied charges of ₹2.1 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 novanet.net.
Company details
Name history
Novanet India has undergone 4 name changes throughout its history. The current legal name is Novanet India Private Limited.
| Company Name | Status |
|---|---|
| Novanet India Private Limited | Current |
| Novanet Technologies Private Limited | Previous |
| Novanet Technologies Limited | Previous |
| Novanet Limited | Previous |
| Novanet India Limited | Previous |
CIN history
Novanet India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200MH1997PTC111950, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH1997PTC111950 | Current |
| U72200MH2004PTC111950 | Previous |
| U72200MH1997PLC111950 | Previous |
Contact details
Novanet India Private Limited's registered office is in Mumbai, Maharashtra. Its website is novanet.net. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressEl Tara Building No 10 Office No 302 Third Floor Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Novanet India 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
Financials of Novanet India Private Limited
FY 2025 filings availableNovanet India Private Limited reported revenue of ₹1.07 Lakh (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 60% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 72%. EBITDA fell 507% 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 |
|---|---|---|---|---|---|
| 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 | -₹15.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.5 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 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Novanet India Private Limited, buy the company report.
Board of directors of Novanet India Private Limited
Novanet India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kumar Pachar Also directs: Samespace Labs Private Limited, Samespace India Private Limited, Ecolive Ventures Private Limited and 2 more | Whole-Time Director | 18 Mar 2011 | 15 Years 7 Months | Current |
| Mangesh Bablya Karshinkar Also directs: Samespace Labs Private Limited, Samespace India Private Limited, Novanet Holdings Private Limited and 1 more | Director | 21 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Novanet India Private Limited is compared with the 4 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| QBC Infotech Private Limited | ₹1.14 Lakh (FY 2025) | -31.0% | Mumbai, Maharashtra, India | |||
| Shreemaurya Infoway Network Private Limited | ₹1.08 Lakh (FY 2025) | 8.0% | Thane, Maharashtra, India | |||
| Novanet India Private Limitedthis company | ₹1.07 Lakh (FY 2025) | -₹15.5 Lakh | 60.0% | Mumbai, Maharashtra, India | ||
| Hbros Broadband Private Limited | ₹1.01 Lakh (FY 2024) | 14.0% | Delhi, India | |||
| Mybharat Net Private Limited | ₹92,542 (FY 2025) | 1.0% | Thane, Maharashtra, India |
To see the full peer comparison of Novanet India Private Limited, buy the company report.
Auditor
Novanet India Private Limited is audited by SURESH CHOUDHARY & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH CHOUDHARY & ASSOCIATES | FY 2021 | 126142W |
Shareholding
The shareholding of Novanet India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novanet India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2009 | 10173038 | Hdfc Bank Limited | ₹2.1 Cr | Satisfied |
To see the full charge records of Novanet India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Novanet India 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 Novanet India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novanet India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN9139L1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novanet India Private Limited, buy the company report.
Recent activity
Novanet India Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Mangesh Bablya Karshinkar ceased to be Additional Director on 29 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Novanet India is an active private limited company based in Mumbai, Maharashtra, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 18 November 1997 (29+ years old) and is registered under CIN U72200MH1997PTC111950.
Novanet India has 2 current directors:
- Sunil Kumar Pachar - Whole-Time Director
- Mangesh Bablya Karshinkar - Director
The latest financial statements of Novanet India 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 2015 are in the company report.
The GSTIN of Novanet India is 27AAACN9139L1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novanet India is U72200MH1997PTC111950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novanet India was incorporated on 18 November 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Novanet India by revenue are QBC Infotech Private Limited, Shreemaurya Infoway Network Private Limited, Hbros Broadband Private Limited, Mybharat Net Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities).
Mangesh Bablya Karshinkar ceased to be Additional Director on 29 Sep 2023. Mangesh Bablya Karshinkar was appointed as Director on 21 Apr 2023. Gladys Tyagi ceased to be Whole-Time Director on 01 Apr 2017. Novanet India has 10 board changes on record in total.
Novanet India can be reached through the website novanet.net. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Novanet India is at El Tara Building No 10 Office No 302 Third Floor Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
Novanet India operates in the telecom industry, in the isp and broadband services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
