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About Novatech Projects (I) Private Limited
Data last updated:
Novatech Projects (I) Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the engineering sector. It was incorporated on 21 August 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28100MH1984PTC033793. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Space Tech Process Equipments Private Limited and Novatech Process Equipments Private Limited. It is led by directors including Soumadeep Sukumar Ghosh and Sukumar Kalipada Ghosh.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 601 Balaji Infotech Plot No. 278/A Road No. 16/A Wagle Industrial Estate, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2022, the company reported a revenue of ₹94.4 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.32 Cr (net margin 1.4%) and EBITDA of ₹13.02 Cr (EBITDA margin 13.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Novatech and Novatech Projects. As per MCA filings, the company has open charges of ₹209.4 Cr and satisfied charges of ₹27.8 Cr on record. Court records list 14 cases involving the company, including 6 filed by the company and 7 filed against it; 8 cases are pending. The company has 8 deals on record (5 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹1.95 Cr; the latest was in July 2021. Its 10 peer companies in the Engineering industry (Engineering Procurement and Construction) are compared by revenue, 5 larger and 5 smaller; the largest is Bansal Roofing Products Limited with revenue of ₹96.75 Cr.
The last known website on record is novatechprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address601 Balaji Infotech Plot No. 278/A Road No. 16/A Wagle Industrial Estate, Thane, Maharashtra, India – 400604
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
- 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
- One PDF report, delivered after checkout
Business Activity of Novatech Projects (I) Private Limited
The main business activity of Novatech Projects (I) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Novatech Projects (I) Private Limited FY 2022 filings available
Novatech Projects (I) Private Limited reported revenue of ₹94.4 Cr (up 31% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Novatech Projects (I) Private Limited
Revenue rose 31% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 15% 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 of Novatech Projects (I) Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹94.4 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.32 Cr | •••• | •••• | •••• | •••• |
| 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 of Novatech Projects (I) Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Novatech Projects (I) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bansal Roofing Products Limited Listed | ₹96.75 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Vadodara, Gujarat, India |
| Essel Projects Private Limited | ₹96.37 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Raipur, Chhattisgarh, India |
| PVM Logistics Private Limited | ₹96.01 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Galaxy Mechanical Engineering Equipments Private Limited | ₹95.85 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Amdanga, West Bengal, India |
| Sattva Engineering Construction Limited | ₹94.85 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Novatech Projects (I) Private Limited this company | ₹94.4 Cr (FY 2022) | •••• | •••• | 31.0% | •••• | Thane, Maharashtra, India |
| Mason Infratech Limited | ₹93.98 Cr (FY 2024) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Naveen Merico Engineering Co. Private Limited | ₹93.55 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Kolkata, West Bengal, India |
| Satnam Global Infraprojects Limited | ₹92.97 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Delhi, India |
| Itt Engineering India Private Limited | ₹91.88 Cr (FY 2024) | •••• | •••• | 294.0% | •••• | Mumbai, Maharashtra, India |
| Dharshini Engineering Private Limited | ₹91.76 Cr (FY 2024) | •••• | •••• | 435.0% | •••• | Tindivanam, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Novatech Projects (I) by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited is audited by S. S. SANGHAVI & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. S. SANGHAVI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Novatech Projects (I) Private Limited
Novatech Projects (I) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soumadeep Sukumar Ghosh Also directs: Novatech Automobiles LLP | Director | 01 Dec 2009 | 16 Years 10 Months | As last reported |
| Sukumar Kalipada Ghosh Also directs: Dorv Process Equipments Private Limited | Director | 21 Aug 1984 | 42 Years 1 Months | As last reported |
| Neha Jain | Irp/Rp/Liquidator | 11 Dec 2024 | 1 Years 9 Months | As last reported |
Ownership and Shareholding of Novatech Projects (I) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Novatech Projects (I) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2022 | Others | ₹38 Lakh | Open |
| 13 Nov 2020 | Others | ₹3.99 Cr | Open |
| 12 Feb 2020 | Others | ₹2 Cr | Open |
| 25 Jan 2019 | Others | ₹1 Cr | Open |
| 21 Dec 2018 | Axis Bank Limited | ₹12.5 Cr | Open |
Total charge records: 34 View all charges
Deals & Funding of Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited has 8 deals on record (5 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹1.95 Cr; the latest was in July 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹7 Cr | Investors: 4 individuals |
| Feb 2016 | Rights issue | ₹1.4 Cr | Investors: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Soumadeep Ghosh HUF, Rajdeep Ghosh HUF, 2 individuals |
| Mar 2012 | Funding round | ₹50 Lakh | Investors: 4 individuals |
| Mar 2011 | Funding round | ₹50 Lakh | Investors: 2 individuals |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited has 14 court cases on record: 6 filed by Novatech Projects (I), 7 filed against it, 1 where it is another party. 8 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 6 | 5 |
| High courts | 5 | 1 | 3 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by GMM Pfaudler Limited | Disposed |
| District court, Calcutta, West Bengal | Court case (MEX) | Filed by the company against BGR Energy Systems Limited | Disposed |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by M/S.New Ajmer Trailor Service | Pending |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Novatech Projects (I) Private Limited
Novatech Projects (I) operates two associated brands: Novatech and Novatech Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | novatech.co.in | |
| EPC services for industrial sectors including Power and Chemicals in India. | novatechprojects.com |
Employees and EPFO Compliance at Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited has a workforce of 62 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Novatech Projects (I) Private Limited
Novatech Projects (I) has undergone 2 name changes throughout its history. The company was previously known as Space Tech Process Equipments Private Limited, and Novatech Process Equipments Private Limited. The current legal name is Novatech Projects (I) Private Limited.
| Company Name | Status |
|---|---|
| Novatech Projects (I) Private Limited | Current |
| Space Tech Process Equipments Private Limited | Previous |
| Novatech Process Equipments Private Limited | Previous |
Recent Activity on Novatech Projects (I) Private Limited
Novatech Projects (I) Private Limited has 5 board changes on record since 1984: 3 appointments and 2 cessations. The latest: Neha Jain was appointed as Irp/Rp/Liquidator on 11 Dec 2024.
57 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Novatech Projects (I) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Novatech Projects (I) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Novatech Projects (I) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Novatech Projects (I) Private Limited
Novatech Projects (I) has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Novatech Projects (I) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Novatech Projects (I) Private Limited
Novatech Projects (I) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Novatech Projects (I) is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in the engineering industry. It was incorporated on 21 August 1984 and is registered under CIN U28100MH1984PTC033793. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Novatech Projects (I) reported revenue of ₹94.4 Cr for FY 2022 (up 31% YoY).
Novatech Projects (I) has 3 current directors:
- Soumadeep Sukumar Ghosh - Director
- Sukumar Kalipada Ghosh - Director
- Neha Jain - Irp/Rp/Liquidator
Novatech Projects (I) reported a net profit of ₹1.32 Cr (net margin 1.4%) and EBITDA of ₹13.02 Cr (EBITDA margin 13.8%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Novatech Projects (I) is -10% over three years and -1% over five years. In the latest year (FY 2022) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Novatech Projects (I) is U28100MH1984PTC033793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novatech Projects (I) has open charges of ₹209.4 Cr and satisfied charges of ₹27.8 Cr as per latest MCA filings.
Novatech Projects (I) has 14 court cases on record: 6 filed by the company and 7 filed against it. 8 are pending. Most are in the district courts.
Novatech Projects (I) was incorporated on 21 August 1984. It is registered with the Registrar of Companies, Mumbai.
Novatech Projects (I) has 8 deals on record (5 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹1.95 Cr; the latest was in July 2021.