About Novasys Greenergy Limited
Data last updated:
Novasys Greenergy Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U29100WB2004PLC099770. Its GSTIN is 27AABCJ4808K1ZF (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.2 Cr. It was formerly known as Jiyamaa Sales & Marketing Private Limited. It is led by directors including Sushil Bansal (Managing Director) and Tushar Sudhir Pahade.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹519.28 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹30.66 Cr (net margin 5.9%) and EBITDA of ₹58.17 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years and 101% over five years.
The company has about 281 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹283.58 Cr and satisfied charges of ₹56.38 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novasysgreen.com.
Company details
CIN history
Novasys Greenergy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29100WB2004PLC099770, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100WB2004PLC099770 | Current |
| U29100WB2004PTC099770 | Previous |
| U36999WB2004PTC099770 | Previous |
Contact details
Novasys Greenergy Limited's registered office is in Kolkata, West Bengal. Its website is novasysgreen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRoom No. D – 9 4th Floor Of Central Plaza, 41 B.B. Ganguly Street Bowbazar, Kolkata, West Bengal, India – 700012
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Novasys Greenergy 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
Business activity
The main business activity of Novasys Greenergy is manufacturing. In detail, this covers other manufacturing and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Novasys Greenergy Limited, buy the company report.
Financials of Novasys Greenergy Limited
FY 2025 filings availableNovasys Greenergy Limited reported revenue of ₹519.28 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 101% over five years, including 27% growth in the latest year. EBITDA rose 119% 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 | ₹519.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹58.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.66 Cr | ||||
| Balance Sheet | |||||
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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 | 11.2% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Novasys Greenergy Limited, buy the company report.
Board of directors and KMP of Novasys Greenergy Limited
Novasys Greenergy Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Bansal Also directs: Novasys Solar Private Limited, Bansal Re One Private Limited, RS Urja Private Limited and 1 more | Managing Director | 13 Sep 2004 | 22 Years 1 Months | Current |
| Ramesh Bansal Also directs: Novasys Solar Private Limited, Bansal Re One Private Limited, RS Urja Private Limited and 1 more | Cfo | 01 Jul 2024 | 2 Years 4 Months | Current |
| Tushar Sudhir Pahade | Director | 26 Nov 2024 | 1 Years 11 Months | Current |
| Vanita Jaibhagawan Agrawal | Director | 28 Jan 2025 | 1 Years 9 Months | Current |
| Saumya Srivastava Also directs: Mirza International Limited | Director | 26 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Novasys Greenergy Limited is audited by SANJAY CHINDALIYA & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY CHINDALIYA & CO | FY 2025 | 114779W |
Shareholding
The shareholding of Novasys Greenergy Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novasys Greenergy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2025 | 101202767 | Others | ₹30 Cr | Open | |
| 29 Oct 2025 | 101182716 | Others | ₹20 Cr | Open | |
| 03 Feb 2025 | 101048253 | Hdfc Bank Limited | ₹30.14 Lakh | Open | |
| 13 Sep 2024 | 100984659 | Others | ₹20 Cr | Open | |
| 29 Aug 2024 | 100984660 | Others | ₹30 Cr | Open |
To see the full charge records of Novasys Greenergy Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Novasys Greenergy Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in March 2023.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gauri Shankar Anant Kumar (Huf) |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Gauri Shankar Anant Kumar (Huf) Seller: Sagun Commercial Private Limited, Gulzar Hire Purchase Pvt Ltd |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Sagun Commercial Private Limited, Gulzar Hire Purchase Pvt Ltd Seller: Swastik Securities & Finance Limited , Aeric Ventures Private Limited , Bhumika Vintrade Private Limited |
| Feb 2012 | Funding round | ₹2 Cr | Investors: Swastik Securities & Finance Limited , Rohan Finance & Securities Ltd. , Aeric Ventures Private Limited |
| Apr 2011 | Funding round | ₹40 Lakh | Investors: Swastik Securities & Finance Limited , Rohan Finance & Securities Ltd. |
To see the full deal history of Novasys Greenergy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novasys Greenergy Limited has 2 court cases on record: 2 filed by Novasys Greenergy. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Commercial suit | Filed by the company against Two Plus Marketing Pvt. Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Two Plus Marketing Pvt. Ltd. and 3 others | Disposed |
To see the full case history of Novasys Greenergy 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.
Credit ratings & regulatory alerts
Novasys Greenergy Limited was last rated by Crisil on 05 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Jul 2021 |
To see the full credit ratings and regulatory alerts of Novasys Greenergy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Novasys Greenergy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novasys Greenergy Limited has a workforce of 281 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 281 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Novasys Greenergy Limited, buy the company report.
GST
Novasys Greenergy has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ4808K1ZF | Maharashtra | Active | 01 Jul 2017 |
| 36AABCJ4808K1ZG | Telangana | Active | 21 Dec 2022 |
To see the full GST registrations and return filing status of Novasys Greenergy Limited, buy the company report.
Recent activity
Novasys Greenergy Limited has 11 board changes on record since 2004: 5 appointments and 6 cessations. The latest: Vanita Jaibhagawan Agrawal ceased to be Additional Director on 04 Feb 2025.
34 earlier events are in the company report.
Frequently asked questions
Novasys Greenergy is an active public limited company based in Kolkata, West Bengal, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 September 2004 (22+ years old) and is registered under CIN U29100WB2004PLC099770.
Novasys Greenergy has 5 current directors and KMP:
- Sushil Bansal - Managing Director
- Tushar Sudhir Pahade - Director
- Vanita Jaibhagawan Agrawal - Director
- Saumya Srivastava - Director
- Ramesh Bansal - Cfo
The latest financial statements of Novasys Greenergy 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 Novasys Greenergy is 27AABCJ4808K1ZF, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AABCJ4808K1ZG (Telangana).
The CIN (Corporate Identification Number) of Novasys Greenergy is U29100WB2004PLC099770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novasys Greenergy has 2 court cases on record: 2 filed by the company.
Novasys Greenergy was incorporated on 13 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Kolkata.
Novasys Greenergy has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in March 2023.
Vanita Jaibhagawan Agrawal ceased to be Additional Director on 04 Feb 2025. Vanita Jaibhagawan Agrawal was appointed as Director on 28 Jan 2025. Saumya Srivastava was appointed as Director on 26 Nov 2024. Novasys Greenergy has 11 board changes on record in total.
Novasys Greenergy can be reached through the website novasysgreen.com. Its registered office is in Kolkata, West Bengal, India.
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