MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0067716
Novaphene Specialities Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹116.99 Cr
▲ 24% YoY
Net profit · FY 2025
₹30.55 Cr
Net margin 26.1%
EBITDA · FY 2025
₹42.98 Cr
EBITDA margin 36.7%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹1.75 Cr
Satisfied ₹5.82 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
57
Provident fund records
About Novaphene Specialities Private Limited
Data last updated:
Novaphene Specialities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 12 August 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1987PTC044349. Its GSTIN is 27AADCD6193K1Z9 (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Dazzle Dyes Pvt Ltd. It is led by directors Jinal Saral Shah and Saral Dinesh Shah.
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 810 It Techno Park Eksar New Link Road Borivali (W), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.99 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹30.55 Cr (net margin 26.1%) and EBITDA of ₹42.98 Cr (EBITDA margin 36.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 17% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Novaphene. As per MCA filings, the company has open charges of ₹1.75 Cr and satisfied charges of ₹5.82 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in September 2021. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Apurva Chemicals Private Limited with revenue of ₹119.45 Cr.
Novaphene Specialities Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0067716). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novaphene.com.
Company details
CIN U99999MH1987PTC044349
Registration Number 044349
Incorporation Date 12 August 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0067716
Recognitions & Rankings of Novaphene Specialities
Contact details
Novaphene Specialities Private Limited's registered office is in Mumbai, Maharashtra. Its website is novaphene.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address810 It Techno Park Eksar New Link Road Borivali (W), Mumbai, Maharashtra, India – 400092
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Novaphene Specialities Private Limited, buy the company report.
Comprehensive company report
Novaphene Specialities 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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Brands
Novaphene Specialities operates one associated brand: Novaphene. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialty chemicals and personal care ingredients manufacturing in India. | novaphene.com |
Business activity
The main business activity of Novaphene Specialities is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Novaphene Specialities Private Limited, buy the company report.
Financials of Novaphene Specialities Private Limited
FY 2025 filings availableNovaphene Specialities Private Limited reported revenue of ₹116.99 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹116.99 Cr ▲ 24%
Net profit · FY 2025
₹30.55 Cr margin 26.1%
EBITDA · FY 2025
₹42.98 Cr margin 36.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 10%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 18%
5 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 24% growth in the latest year. EBITDA rose 36% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹42.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.55 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | 36.7% | ||||
| Net Profit Margin | 26.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Novaphene Specialities Private Limited, buy the company report.
Board of directors of Novaphene Specialities Private Limited
Novaphene Specialities has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jinal Saral Shah Also directs: Novaphene Ingredients Private Limited | Director | 10 Sep 2021 | 5 Years 1 Months | Current |
| Saral Dinesh Shah Also directs: Novaphene Ingredients Private Limited | Director | 03 Apr 2015 | 11 Years 7 Months | Current |
Peer comparison
Novaphene Specialities Private Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apurva Chemicals Private Limited | ₹119.45 Cr (FY 2025) | 17.0% | Vapi, Gujarat, India | |||
| Arofine Polymers Private Limited | ₹117.76 Cr (FY 2025) | 10.0% | Pune, Maharashtra, India | |||
| Innovassynth Technologies (India ) Limited | ₹117.57 Cr (FY 2025) | -27.0% | Khopoli, Maharashtra, India | |||
| Paragon Fine and Speciality Chemical Limited | ₹117.12 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India | |||
| Novaphene Specialities Private Limitedthis company | ₹116.99 Cr (FY 2025) | ₹30.55 Cr | 26.1% | 24.0% | 57 | Mumbai, Maharashtra, India |
| Ajanta Polymers Private Limited | ₹116.46 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| S.R. Drugs and Intermediates Pvt.Ltd. | ₹115.49 Cr (FY 2025) | -76.0% | Hyderabad, Telangana, India | |||
| Cera-Chem Private Limited | ₹115.05 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India | |||
| LRC Speciality Chemicals Private Limited | ₹115.04 Cr (FY 2024) | -35.0% | Mumbai, Maharashtra, India | |||
| Fairmate Chemicals Private Limited | ₹114.67 Cr (FY 2024) | 32.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Novaphene Specialities Private Limited, buy the company report.
Auditor
Novaphene Specialities Private Limited is audited by SOMAIYA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SOMAIYA & CO. | FY 2022 | 121945W |
Shareholding
The shareholding of Novaphene Specialities Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novaphene Specialities Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.75 Cr
Satisfied charges
₹5.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2023 | 100834365 | Hdfc Bank Limited | ₹25.25 Lakh | Open | |
| 15 Feb 2013 | 10418022 | Others | ₹1.5 Cr | Open | |
| 02 Jun 2021 | 100471933 | Hdfc Bank Limited | ₹68.66 Lakh | Satisfied | |
| 23 May 2018 | 100190470 | Others | ₹38.5 Lakh | Satisfied | |
| 20 Mar 2018 | 100181887 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Novaphene Specialities Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Novaphene Specialities Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in September 2021.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹24 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2013 | Funding round | ₹24 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novaphene Specialities Private Limited has 3 court cases on record: 2 filed by Novaphene Specialities, 1 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Prachi Pharmaceuticals Pvt. Ltd. and Anr and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Maithili Life Science Pvt Ltd and 2 Others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Gennex Laboratiories Ltd | Disposed |
To see the full case history of Novaphene Specialities 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 Novaphene Specialities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novaphene Specialities Private Limited has a workforce of 57 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
57
Active EPFO establishments
1
Employee growth
16.33%
GST
Novaphene Specialities has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD6193K1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novaphene Specialities Private Limited, buy the company report.
Recent activity
Novaphene Specialities Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Jinal Saral Shah ceased to be Additional Director on 30 Nov 2021.
AGM
Novaphene Specialities Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Novaphene Specialities Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge registered on 02 Jun 2021 via Charge ID 100471933 with Hdfc Bank Limited was fully satisfied on 06 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.25 Lakh with Charge ID 100834365 was registered on 03 Nov 2023.
Charges
A charge with Others of Rs. 150.00 Lakh registered on 15 Feb 2013 with Charge ID 10418022 was modified on 25 Nov 2022.
Charges
A charge registered on 23 May 2018 via Charge ID 100190470 with Others was fully satisfied on 25 Apr 2022.
Ceased
Jinal Saral Shah ceased to be Additional Director.
Appointed
Jinal Saral Shah was appointed as Director.
Ceased
Dinesh Ambalal Shah ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 68.66 Lakh with Charge ID 100471933 was registered on 02 Jun 2021.
Charges
A charge registered on 20 Mar 2018 via Charge ID 100181887 with Hdfc Bank Limited was fully satisfied on 15 Jan 2020.
Charges
A charge registered on 16 Jan 2018 via Charge ID 100181889 with Hdfc Bank Limited was fully satisfied on 15 Jan 2020.
14 earlier events are in the company report.
Frequently asked questions
Novaphene Specialities is an active private limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 12 August 1987 (39+ years old) and is registered under CIN U99999MH1987PTC044349.
Novaphene Specialities has 2 current directors:
- Jinal Saral Shah - Director
- Saral Dinesh Shah - Director
The latest financial statements of Novaphene Specialities 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 Novaphene Specialities is 27AADCD6193K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novaphene Specialities is U99999MH1987PTC044349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novaphene Specialities has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Novaphene Specialities was incorporated on 12 August 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Novaphene Specialities has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in September 2021.
The peers of Novaphene Specialities by revenue are Apurva Chemicals Private Limited, Arofine Polymers Private Limited, Innovassynth Technologies (India ) Limited, Paragon Fine and Speciality Chemical Limited, Ajanta Polymers Private Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jinal Saral Shah ceased to be Additional Director on 30 Nov 2021. Jinal Saral Shah was appointed as Director on 10 Sep 2021. Dinesh Ambalal Shah ceased to be Director on 11 Aug 2021. Novaphene Specialities has 8 board changes on record in total.
Yes, Novaphene Specialities is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0067716).
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