MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-20-0032182
Novatech Software Private Limited - information technology in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.09 Cr
▲ 5% YoY
Net profit · FY 2024
₹1.03 Cr
Net margin 10.2%
EBITDA · FY 2024
₹1.68 Cr
EBITDA margin 16.7%
Authorised capital
₹1.15 Cr
Registered with MCA
Paid-up capital
₹9.09 Lakh
Issued & subscribed
Satisfied charges
₹2.1 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
55
Provident fund records
About Novatech Software Private Limited
Data last updated:
Novatech Software Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH1999PTC120882. Its GSTIN is 27AAACN9774H1Z0 (Maharashtra).
The company has an authorised share capital of ₹1.15 Cr and a paid-up capital of ₹9.09 Lakh. It is led by directors including Ashutosh Vinayak Potnis and Sefali Suresh Padhye.
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 Unit No 103 IT Tower Opposite Vnit Parsodi, Nagpur, Maharashtra, India – 440022.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.09 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.03 Cr (net margin 10.2%) and EBITDA of ₹1.68 Cr (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Novatech Software. As per MCA filings, the company has satisfied charges of ₹2.1 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
Novatech Software Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-20-0032182). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novatechsoftware.com.
Company details
CIN U72900MH1999PTC120882
Registration Number 120882
Incorporation Date 20 July 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-20-0032182
Key People
Ashutosh Vinayak Potnis Director Sefali Suresh Padhye Director Vaidehi Suresh Padhye Director Recognitions & Rankings of Novatech Software
Contact details
Novatech Software Private Limited's registered office is in Nagpur, Maharashtra. Its website is novatechsoftware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 103 IT Tower Opposite Vnit Parsodi, Nagpur, Maharashtra, India – 440022
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Novatech Software Private Limited, buy the company report.
Comprehensive company report
Novatech Software 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
Novatech Software operates one associated brand: Novatech Software. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development and export services for global clients in IT industry. | novatechsoftware.com |
Business activity
The main business activity of Novatech Software is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Novatech Software Private Limited, buy the company report.
Financials of Novatech Software Private Limited
FY 2024 filings availableNovatech Software Private Limited reported revenue of ₹10.09 Cr (up 5% YoY) for FY 2024.
Revenue · FY 2024
₹10.09 Cr ▲ 5%
Net profit · FY 2024
₹1.03 Cr margin 10.2%
EBITDA · FY 2024
₹1.68 Cr margin 16.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 2%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 5% growth in the latest year. EBITDA rose 1% 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 | ₹1.68 Cr | ||||
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| Net Profit (PAT) | ₹1.03 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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| Profitability | |||||
| EBITDA Margin | 16.7% | ||||
| Net Profit Margin | 10.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Novatech Software Private Limited, buy the company report.
Board of directors of Novatech Software Private Limited
Novatech Software has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Vinayak Potnis | Director | 20 Jul 1999 | 27 Years 3 Months | Current |
| Sefali Suresh Padhye | Director | 07 May 2019 | 7 Years 5 Months | Current |
| Vaidehi Suresh Padhye | Director | 20 Jul 1999 | 27 Years 3 Months | Current |
| Neel Prabha Potnis | Director | 30 Sep 2001 | 25 Years 0 Months | Current |
Auditor
Novatech Software Private Limited is audited by LOYA BAGRI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LOYA BAGRI & CO. | FY 2022 | 105658W |
Shareholding
The shareholding of Novatech Software Private Limited 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novatech Software Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jan 2018 | 100189348 | Yes Bank Limited | ₹2.1 Cr | Satisfied |
To see the full charge records of Novatech Software Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Novatech Software Private Limited has 4 court cases on record: 3 filed by Novatech Software, 1 filed against it. All cases are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Criminal miscellaneous application | Filed by the company against State of Maharashtra | Disposed |
| Bombay High Court | Court case (ITL) | Filed against the company by The PR. Commissioner of Income Tax-2, Nagpur | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CAL) | Filed by the company against an individual | Disposed |
To see the full case history of Novatech Software 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 Novatech Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novatech Software Private Limited has a workforce of 55 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
7.84%
GST
Novatech Software has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN9774H1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novatech Software Private Limited, buy the company report.
Recent activity
Novatech Software Private Limited has 7 board changes on record since 1999: 4 appointments and 3 cessations. The latest: Sefali Suresh Padhye ceased to be Additional Director on 30 Sep 2019.
AGM
Novatech Software Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 25 Jan 2018 via Charge ID 100189348 with Yes Bank Limited was fully satisfied on 27 Aug 2024.
Filing
Novatech Software Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sefali Suresh Padhye ceased to be Additional Director.
Appointed
Sefali Suresh Padhye was appointed as Director.
Ceased
Vinayak Potnis ceased to be Director.
Ceased
Suresh Sharadchandra Padhye ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 2.10 Cr registered on 25 Jan 2018 with Charge ID 100189348 was modified on 02 Feb 2018.
Charges
A charge with Yes Bank Limited amounted to Rs. 2.10 Cr with Charge ID 100189348 was registered on 25 Jan 2018.
Appointed
Neel Prabha Potnis was appointed as Director.
Appointed
Ashutosh Vinayak Potnis was appointed as Director.
Appointed
Vaidehi Suresh Padhye was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Novatech Software is an active private limited company based in Nagpur, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 July 1999 (27+ years old) and is registered under CIN U72900MH1999PTC120882.
Novatech Software has 4 current directors:
- Ashutosh Vinayak Potnis - Director
- Sefali Suresh Padhye - Director
- Vaidehi Suresh Padhye - Director
- Neel Prabha Potnis - Director
The latest financial statements of Novatech Software 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 2015 are in the company report.
The GSTIN of Novatech Software is 27AAACN9774H1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novatech Software is U72900MH1999PTC120882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novatech Software has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the high courts.
Novatech Software was incorporated on 20 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Sefali Suresh Padhye ceased to be Additional Director on 30 Sep 2019. Sefali Suresh Padhye was appointed as Director on 07 May 2019. Vinayak Potnis ceased to be Director on 26 Apr 2019. Novatech Software has 7 board changes on record in total.
Yes, Novatech Software is registered as an MSME under Udyam registration (number: UDYAM-MH-20-0032182).
Novatech Software can be reached through the website novatechsoftware.com. Its registered office is in Nagpur, Maharashtra, India.