About Novastar Fund Advisors Private Limited
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Novastar Fund Advisors Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the investment banking and advisory segment of the financial services sector. It was incorporated on 24 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2005PTC037764. Its GSTIN is 29AACCN2660E1ZL (Karnataka).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It was formerly known as Ni Fund Advisors Private Limited. It is led by directors Vijay Kumar Angadi and Deepali Angadi.
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 229 Ashoka 6th Cross 3rd Main Defence Colony Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.16 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.92 Cr (net margin 92.2%) and EBITDA of ₹2.95 Cr (EBITDA margin 93.3%). Revenue has declined at a compounded annual rate (CAGR) of 290% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novastarfunds.com.
Company details
Contact details
Novastar Fund Advisors Private Limited's registered office is in Bangalore, Karnataka. Its website is novastarfunds.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo 229 Ashoka 6th Cross 3rd Main Defence Colony Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Novastar Fund Advisors 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 Novastar Fund Advisors Private Limited
FY 2025 filings availableNovastar Fund Advisors Private Limited reported revenue of ₹3.16 Cr (up 1794% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years. 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 | ₹2.95 Cr | ||||
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| Net Profit (PAT) | ₹2.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 93.3% | ||||
| Net Profit Margin | 92.2% | ||||
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To see the full financial statements and ratios of Novastar Fund Advisors Private Limited, buy the company report.
Board of directors of Novastar Fund Advisors Private Limited
Novastar Fund Advisors has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Angadi | Director | 25 Nov 2005 | 20 Years 11 Months | Current |
| Deepali Angadi | Director | 25 Nov 2005 | 20 Years 11 Months | Current |
Auditor
Novastar Fund Advisors Private Limited is audited by K R KUMAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R KUMAR & ASSOCIATES | FY 2019 | 001590S |
Shareholding
The shareholding of Novastar Fund Advisors Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Novastar Fund Advisors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Novastar Fund Advisors 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 Novastar Fund Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novastar Fund Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN2660E1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novastar Fund Advisors Private Limited, buy the company report.
Recent activity
Novastar Fund Advisors Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Anita Shanmukh ceased to be Alternate Director on 01 Dec 2017.
Frequently asked questions
Novastar Fund Advisors is an active private limited company based in Bangalore, Karnataka, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 24 November 2005 (21+ years old) and is registered under CIN U74140KA2005PTC037764.
Novastar Fund Advisors has 2 current directors:
- Vijay Kumar Angadi - Director
- Deepali Angadi - Director
The latest financial statements of Novastar Fund Advisors 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 Novastar Fund Advisors is 29AACCN2660E1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Novastar Fund Advisors is U74140KA2005PTC037764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novastar Fund Advisors was incorporated on 24 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Anita Shanmukh ceased to be Alternate Director on 01 Dec 2017. Deepali Angadi was appointed as Director on 25 Nov 2005. Vijay Kumar Angadi was appointed as Director on 25 Nov 2005.
Novastar Fund Advisors can be reached through the website novastarfunds.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Novastar Fund Advisors is at No 229 Ashoka 6th Cross 3rd Main Defence Colony Indiranagar, Bangalore, Karnataka, India – 560038.
Novastar Fund Advisors operates in the financial services industry, in the investment banking and advisory segment.
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