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Novara Projects Private Limited
Novara Projects Private Limited - engineering in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹80.31 Lakh
▼ 19% YoY
Net loss · FY 2024
₹43.29 Lakh
Net margin -53.9%
EBITDA · FY 2024
-₹40.18 Lakh
EBITDA margin -50%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.06 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
9
Provident fund records
About Novara Projects Private Limited
Data last updated:
Novara Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 09 March 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45309GJ2022PTC129972.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Parth Pinakinbhai Patel (Whole-Time Director) and Prakashbhai Pravinbhai Prajapati.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1115 Time Square Arcade Near Ravija Plaza Thaltej Shilaj Road, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.31 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹43.29 Lakh (net margin -53.9%) and EBITDA of -₹40.18 Lakh (EBITDA margin -50%).
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Novara Projects. As per MCA filings, the company has open charges of ₹1.06 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Novara Projects Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0162134).
Company details
CIN U45309GJ2022PTC129972
Registration Number 129972
Incorporation Date 09 March 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0162134
Recognitions & Rankings of Novara Projects
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-GJ-01-0162134
Contact details
Novara Projects Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1115 Time Square Arcade Near Ravija Plaza Thaltej Shilaj Road, Ahmedabad, Gujarat, India – 380059
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Novara Projects Private Limited, buy the company report.
Comprehensive company report
Novara Projects 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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Secure checkout · GST invoice included
Brands
Novara Projects operates one associated brand: Novara Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides mechanical, electrical, plumbing, and fire safety services for industrial projects. | novaraprojects.com |
Business activity
The main business activity of Novara Projects is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Novara Projects Private Limited, buy the company report.
Financials of Novara Projects Private Limited
FY 2024 filings availableNovara Projects Private Limited reported revenue of ₹80.31 Lakh (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹80.31 Lakh ▼ 19%
Net loss · FY 2024
₹43.29 Lakh margin -53.9%
EBITDA · FY 2024
-₹40.18 Lakh margin -50%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
Revenue fell 19% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹40.18 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹43.29 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -50% | ||
| Net Profit Margin | -53.9% | ||
| 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 Novara Projects Private Limited, buy the company report.
Board of directors of Novara Projects Private Limited
Novara Projects has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakashbhai Pravinbhai Prajapati | Director | 09 Mar 2022 | 4 Years 7 Months | Current |
| Parth Pinakinbhai Patel Also directs: Bau Plans Consultant Private Limited | Whole-Time Director | 09 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Novara Projects Private Limited is audited by CSM & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CSM & Co. LLP | FY 2023 | W100715 |
Shareholding
The shareholding of Novara Projects Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Novara Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.06 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2024 | 100972219 | Others | ₹30.75 Lakh | Open | |
| 11 Dec 2023 | 100850785 | Others | ₹75 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Novara Projects Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Bhavin Jitendra Shah Partner of Shreenath Pipe Traders | Pending |
To see the full case history of Novara Projects 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 Novara Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Novara Projects Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Novara Projects Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Parth Pinakinbhai Patel was appointed as Whole-Time Director on 09 Mar 2022.
AGM
Novara Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 30.75 Lakh with Charge ID 100972219 was registered on 23 Aug 2024.
Filing
Novara Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100850785 was registered on 11 Dec 2023.
Appointed
Parth Pinakinbhai Patel was appointed as Whole-Time Director.
Appointed
Prakashbhai Pravinbhai Prajapati was appointed as Director.
Incorporation
09 Mar 2022
Novara Projects Private Limited was registered on 09 Mar 2022 with Roc Ahmedabad & aged 4 years 7 months as per MCA records.
Frequently asked questions
Novara Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 09 March 2022 (4+ years old) and is registered under CIN U45309GJ2022PTC129972.
Novara Projects has 2 current directors:
- Parth Pinakinbhai Patel - Whole-Time Director
- Prakashbhai Pravinbhai Prajapati - Director
The latest financial statements of Novara Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Novara Projects is U45309GJ2022PTC129972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novara Projects has 1 court case on record: 1 filed against it. 1 is pending.
Novara Projects was incorporated on 09 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Parth Pinakinbhai Patel was appointed as Whole-Time Director on 09 Mar 2022. Prakashbhai Pravinbhai Prajapati was appointed as Director on 09 Mar 2022.
Yes, Novara Projects is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Novara Projects is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0162134).
The registered office of Novara Projects is at 1115 Time Square Arcade Near Ravija Plaza Thaltej Shilaj Road, Ahmedabad, Gujarat, India – 380059.