Novas Commercial Pvt. Ltd.
About Novas Commercial Pvt. Ltd.
Data last updated:
Novas Commercial Pvt. Ltd. is a private limited company based in Katni, Madhya Pradesh, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 28 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U17111MP1995PTC023453. Its GSTIN is 23AABCN7414M1ZF (Madhya Pradesh).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.57 Cr. It is led by directors including Vineet Mittal and Pawan Kumar Mittal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 26 Commercial Complex Housing Board Colony, Katni, Madhya Pradesh, India – 483504.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.28 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.92 Cr (net margin 44.9%) and EBITDA of ₹3.88 Cr (EBITDA margin 90.7%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹69.99 Cr on record. Court records list 18 cases involving the company, including 14 filed by the company and 4 filed against it; 11 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Novas Commercial has one previous CIN (Corporate Identification Number): U17111WB1995PTC070072. The current CIN is U17111MP1995PTC023453, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111MP1995PTC023453 | Current |
| U17111WB1995PTC070072 | Previous |
Contact details
Novas Commercial Pvt. Ltd.'s registered office is in Katni, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address26 Commercial Complex Housing Board Colony, Katni, Madhya Pradesh, India – 483504
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Novas Commercial Pvt. Ltd., 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 Novas Commercial is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Novas Commercial Pvt. Ltd.
FY 2025 filings availableNovas Commercial Pvt. Ltd. reported revenue of ₹4.28 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 12% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90.7% | ||||
| Net Profit Margin | 44.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Novas Commercial Pvt. Ltd., buy the company report.
Board of directors of Novas Commercial Pvt. Ltd.
Novas Commercial has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Mittal Also directs: Katni Minerals Pvt Ltd, Smooth Commercial Private Limited, PLM Realty Private Limited and 5 more | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Pawan Kumar Mittal Also directs: Katni Bauxite Private Limited, Katni Minerals Pvt Ltd, Sharda Flux and Sinter Manufacturing Private Limited and 5 more | Director | 12 Mar 2009 | 17 Years 7 Months | Current |
| Suresh Kumar Mittal Also directs: Katni Bauxite Private Limited, Katni Minerals Pvt Ltd, Trackway Realty Private Limited and 5 more | Director | 12 Mar 2009 | 17 Years 7 Months | Current |
Peer comparison
Novas Commercial Pvt. Ltd. is compared with the 7 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Matsyagandha Investments Private Limited | ₹4.3 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Sri Rajesh Financial and Management Services Private Limited | ₹4.29 Cr (FY 2018) | 8.0% | New Delhi, Delhi, India | |||
| R N Finance Limited | ₹4.28 Cr (FY 2021) | 100.0% | Delhi, India | |||
| Novas Commercial Pvt. Ltd.this company | ₹4.28 Cr (FY 2024) | ₹1.92 Cr | 44.9% | -9.0% | Katni, Madhya Pradesh, India | |
| Khedia Finvest (India) Private Limited | ₹4.27 Cr (FY 2025) | -41.0% | Bilaspur, Chhattisgarh, India | |||
| Maham Holdings Private Limited | ₹4.26 Cr (FY 2025) | 22.0% | Chamiers Road, Madras, Tamil Nadu, India | |||
| Unistar Resources and Trades Pvt Ltd | ₹4.26 Cr (FY 2022) | 56.0% | Kolkata, West Bengal, India | |||
| Baid Holdings Pvt Ltd | ₹4.26 Cr (FY 2025) | 116.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Novas Commercial Pvt. Ltd., buy the company report.
Auditor
Novas Commercial Pvt. Ltd. is audited by RAJENDRA BAJAJ & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA BAJAJ & CO. | FY 2023 | 074681 |
Shareholding
The shareholding of Novas Commercial Pvt. Ltd. is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novas Commercial Pvt. Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2021 | 100414180 | Hdfc Bank Limited | ₹69.99 Cr | Open |
To see the full charge records of Novas Commercial Pvt. Ltd., buy the company report.
Total charge records: 1 View all charges
Legal cases
Novas Commercial Pvt. Ltd. has 18 court cases on record: 14 filed by Novas Commercial, 4 filed against it. 11 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 7 |
| High courts | 6 | 4 | 4 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Katni, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Blockcube Technology Ltd Through Director Dharamveer Singh and 1 other | Pending |
| District court, Katni, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Blockcube Technology Ltd Through Director Dharamveer Singh | Pending |
| District court, Katni, Madhya Pradesh | Court case (UN CR) | Filed by the company against Blockcube Technology Ltd Through Director Dharamveer Singh and 1 other | Pending |
| District court, Katni, Madhya Pradesh | Court case (UN CR) | Filed by the company against Blockcube Technology Ltd Through Director Dharamveer Singh and 1 other | Disposed |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against M/S One Mobikwik Systems Pvt Ltd. and Ors | Disposed |
To see the full case history of Novas Commercial Pvt. Ltd., 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 Novas Commercial Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novas Commercial has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCN7414M1ZF | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novas Commercial Pvt. Ltd., buy the company report.
Recent activity
Novas Commercial Pvt. Ltd. has 9 board changes on record since 2004: 6 appointments and 3 cessations. The latest: Vineet Mittal was appointed as Director on 08 Jun 2021.
2 earlier events are in the company report.
Frequently asked questions
Novas Commercial is an active private limited company based in Katni, Madhya Pradesh, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 28 March 1995 (31+ years old) and is registered under CIN U17111MP1995PTC023453.
Novas Commercial has 3 current directors:
- Vineet Mittal - Director
- Pawan Kumar Mittal - Director
- Suresh Kumar Mittal - Director
The latest financial statements of Novas Commercial on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Novas Commercial is 23AABCN7414M1ZF, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Novas Commercial is U17111MP1995PTC023453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novas Commercial has 18 court cases on record: 14 filed by the company and 4 filed against it. 11 are pending. Most are in the district courts.
Novas Commercial was incorporated on 28 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Novas Commercial by revenue are Matsyagandha Investments Private Limited, Sri Rajesh Financial and Management Services Private Limited, R N Finance Limited, Khedia Finvest (India) Private Limited, Maham Holdings Private Limited and 2 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Vineet Mittal was appointed as Director on 08 Jun 2021. Sanjay Kumar Khetan ceased to be Director on 28 Sep 2009. Shyam Kumar Khetan ceased to be Director on 01 Jul 2009. Novas Commercial has 9 board changes on record in total.
The registered office of Novas Commercial is at 26 Commercial Complex Housing Board Colony, Katni, Madhya Pradesh, India – 483504.
Novas Commercial operates in the financial services industry, in the investment and credit nbfc segment.
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