About Novateor Research Laboratories Limited
Data last updated: 11 March 2026
Novateor Research Laboratories Limited is a public limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It specialises in personal care and skincare products, a part of the broader FMCG sector. Incorporated on 01 April 2011, the company has been in operation for over 15 years.
Registered with ROC Ahmedabad under CIN L24230GJ2011PLC064731. Listed on BSE: 542771.
Capital: an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.05 Cr. Formerly known as Novateor Research Laboratories Private Limited. It is led by directors including Bhavya Himanshu Doshi and Imran Zuber Khan.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 1026 Dev Atelier Opp. Dev Auram Anandnagar Cross Road 100 Feet Ring Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.25 Cr, a growth of 92% compared to the previous year.
The company is associated with 1 brand - Smiloshine. As per MCA filings, the company has open charges of ₹4.11 Cr and satisfied charges of ₹1.44 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smiloshine.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address1026 Dev Atelier Opp. Dev Auram Anandnagar Cross Road 100 Feet Ring Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
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IndustryFMCG, Personal Care & Skincare Products
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Novateor Research Laboratories Limited
Novateor Research Laboratories Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24230GJ2011PLC064731, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24230GJ2011PLC064731 | Current |
| U24230GJ2011PLC064731 | Previous |
| U24230GJ2011PTC064731 | Previous |
Associated Brands with Novateor Research Laboratories Limited
Novateor Research Laboratories Limited operates one associated brand: SmiloShine. These brands represent Novateor Research Laboratories Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers effective teeth whitening and oral care solutions for daily use. | smiloshine.com |
Competitors & Alternatives of Novateor Research Laboratories Limited
Brands and companies operating in the same space as Novateor Research Laboratories Limited include Perfora, Salt Oral Care, Habbits and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Perfora
|
Oral hygiene products are provided by an internet-first brand. | Gurugram, India, India | 2021 |
Salt Oral Care
|
Provider of oral care and hygiene products | Mumbai, India, India | 2023 |
Habbits
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Natural oral care and teeth-whitening products are offered. | Gurugram, India, India | 2022 |
Spicta
|
Natural and organic oral care products are provided by Spicta. | Mumbai, India, India | 2022 |
Sippline
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Provides drinking shields and portable tissues for hygiene and protection needs. | Pune, India, India | 2020 |
The Molarbear
|
Runs a direct-to-consumer brand offering oral care products. | Delhi, India, India | 2018 |
Business Activity of Novateor Research Laboratories Limited
Novateor Research Laboratories Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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 | ********* |
Auditor Details of Novateor Research Laboratories Limited
Novateor Research Laboratories Limited is audited by M/s H K Shah & CO (ICAI peer reviewed, certificate valid till 2026-10-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s H K Shah & CO (ICAI peer reviewed, certificate valid till 2026-10-31) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Novateor Research Laboratories Limited
Novateor Research Laboratories Limited is currently managed by 7 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Bhavya Himanshu Doshi
Also directs:
Novateor Research Laboratories Limited
|
Director | 26 Aug 2023 | 2 Years 10 Months | Current |
| Imran Zuber Khan | Director | 29 Aug 2024 | 1 Years 10 Months | Current |
|
Navdeep Mehta
Also directs:
Novateor Research Laboratories Limited
|
Managing Director | 01 Apr 2011 | 15 Years 3 Months | Current |
|
Hiral Nischal Bane
Also directs:
Novateor Research Laboratories Limited, Heeral International Llp, Eco-Gen Equipment Llp and 2 more
|
Director | 29 Aug 2024 | 1 Years 10 Months | Current |
| Jitin Jaysukh Doshi | Director | 01 Sep 2022 | 3 Years 10 Months | Current |
|
Anil Tilakraj Arora
Also directs:
Novateor Research Laboratories Limited, Laxmi Dental Limited, Denteasy Healthcare Private Limited and 2 more
|
Additional Director | 03 Sep 2025 | 0 Years 10 Months | Current |
Financials of Novateor Research Laboratories Limited FY 2026 filings available
Novateor Research Laboratories Limited reported revenue of ₹3.83 Cr (up 37.81% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.83 Cr | ₹2.78 Cr | ₹1.21 Cr | ₹1.26 Cr | ₹74.19 Lakh | ₹18.78 Lakh | ₹39.48 Lakh |
| Other Income | ₹48.88 Lakh | ₹47.58 Lakh | ₹48.56 Lakh | ₹48.98 Lakh | ₹48.43 Lakh | ₹44.4 Lakh | ₹26.83 Lakh |
| Total Income | ₹4.32 Cr | ₹3.25 Cr | - | - | - | - | - |
| Cost of Materials Consumed | ₹2.8 Cr | ₹1.93 Cr | ₹1.08 Cr | ₹98.25 Lakh | ₹57.78 Lakh | ₹23.76 Lakh | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹13.03 Lakh |
| Changes in Inventories | -₹28.01 Lakh | -₹7.32 Lakh | -₹13.47 Lakh | -₹1.81 Lakh | -₹4.97 Lakh | -₹2.5 Lakh | ₹12.05 Lakh |
| Employee Benefit Expense | ₹72.16 Lakh | ₹54.82 Lakh | ₹31.69 Lakh | ₹38.51 Lakh | ₹22.17 Lakh | ₹16.4 Lakh | ₹16.2 Lakh |
| Finance Costs | ₹8.58 Lakh | ₹7.12 Lakh | ₹2.85 Lakh | ₹2.71 Lakh | ₹6,000 | ₹17,000 | ₹84,000 |
| Other Expenses | ₹68.73 Lakh | ₹49.83 Lakh | ₹27.86 Lakh | ₹24.8 Lakh | ₹17.76 Lakh | ₹14.09 Lakh | ₹11.96 Lakh |
| Total Expenses | ₹4.2 Cr | ₹3.14 Cr | ₹1.65 Cr | ₹1.71 Cr | ₹1.01 Cr | ₹61.53 Lakh | ₹63.65 Lakh |
| Profit Before Tax | ₹11.35 Lakh | ₹11.32 Lakh | ₹4.64 Lakh | ₹3.95 Lakh | -₹26.02 Lakh | ₹1.65 Lakh | ₹2.66 Lakh |
| Total Tax Expense | ₹1.23 Lakh | ₹3.14 Lakh | ₹1.7 Lakh | ₹29,000 | -₹3.19 Lakh | ₹47,000 | ₹3.45 Lakh |
| Net Profit | ₹10.12 Lakh | ₹8.18 Lakh | ₹2.94 Lakh | ₹3.66 Lakh | -₹22.83 Lakh | ₹1.18 Lakh | -₹79,000 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹14.26 Cr | ₹12.61 Cr | ₹10.46 Cr | ₹8.9 Cr | ₹8.14 Cr | ₹8.97 Cr | ₹8.79 Cr |
| Non-current Assets | ₹3.31 Cr | ₹3.48 Cr | ₹2.94 Cr | ₹2.27 Cr | ₹2.04 Cr | ₹3.49 Cr | ₹3.65 Cr |
| Current Assets | ₹10.95 Cr | ₹9.14 Cr | ₹7.52 Cr | ₹6.63 Cr | ₹6.1 Cr | ₹5.49 Cr | ₹5.14 Cr |
| Property, Plant & Equipment | ₹3.24 Cr | ₹3.41 Cr | - | - | - | - | - |
| Inventories | ₹1.05 Cr | ₹77.1 Lakh | ₹69.8 Lakh | ₹56.32 Lakh | ₹49.95 Lakh | ₹48.76 Lakh | ₹47.52 Lakh |
| Cash & Equivalents | ₹46.82 Lakh | ₹26.61 Lakh | ₹8.95 Lakh | ₹22.22 Lakh | ₹47.52 Lakh | ₹65.86 Lakh | ₹69.37 Lakh |
| Equity (Net Worth) | ₹11.2 Cr | ₹4.83 Cr | - | - | - | - | - |
| Current Liabilities | ₹2.39 Cr | ₹1.63 Cr | ₹1.2 Cr | ₹32.62 Lakh | ₹5.16 Lakh | ₹11 Lakh | ₹5.19 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹18.32 Lakh | -₹93.69 Lakh | -₹45.72 Lakh | -₹49.57 Lakh | -₹96.98 Lakh |
| Investing Cash Flow | -₹50.37 Lakh | -₹22.16 Lakh | -₹74.97 Lakh | ₹29.94 Lakh | ₹91.24 Lakh |
| Financing Cash Flow | ₹88.91 Lakh | ₹1.34 Cr | ₹1.07 Cr | ₹41.84 Lakh | -₹12.61 Lakh |
| Capital Expenditure | ₹1.84 Lakh | ₹69.64 Lakh | - | - | - |
| Free Cash Flow (computed) | -₹20.16 Lakh | -₹1.63 Cr | - | - | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹20.22 Lakh | ₹17.68 Lakh | -₹13.26 Lakh | ₹22.21 Lakh | -₹18.35 Lakh |
Shareholding Pattern of Novateor Research Laboratories Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 50.75%, retail and other public shareholders hold 49.25% of Novateor Research Laboratories Limited. The company had 172 shareholders on record.
| Mar 2026 | Sep 2025 | Mar 2025 | Sep 2024 | Mar 2024 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Promoters | 50.75% | 50.90% | 60.87% | 60.87% | 60.87% | 60.87% |
| Public | 49.25% | 49.10% | 39.13% | 39.13% | 39.13% | 39.13% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|---|
| Promoters | 50.75% | 60.87% | 60.87% | 60.87% | 60.87% | 60.87% |
| Public | 49.25% | 39.13% | 39.13% | 39.13% | 39.13% | 39.13% |
| Promoter change (YoY, %pts) | -10.12 | +0.00 | +0.00 | +0.00 | +0.00 | - |
Charges & Borrowings of Novateor Research Laboratories Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jan 2025 | Others | ₹98.59 Lakh | Open |
| 25 Jan 2023 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.96 Cr | Open |
| 25 Jan 2023 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.16 Cr | Open |
| 31 Aug 2016 | Others | ₹38 Lakh | Satisfied |
| 27 Aug 2012 | The Cosmos Co-Operative Bank Ltd. | ₹1.06 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Novateor Research Laboratories Limited
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Employee Count & EPFO Data of Novateor Research Laboratories Limited
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GST Compliance of Novateor Research Laboratories Limited
GSTIN & GST Filing Data of Novateor Research Laboratories Limited
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Credit Ratings, Litigation & Regulatory Alerts for Novateor Research Laboratories Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Novateor Research Laboratories Limited
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MSME Payment Delays by Novateor Research Laboratories Limited
MSME Payment Delays by Novateor Research Laboratories Limited
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Subsidiaries & Group Companies of Novateor Research Laboratories Limited
Subsidiaries & Group Companies of Novateor Research Laboratories Limited
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MCA Filings & Documents of Novateor Research Laboratories Limited
MCA Filings & Documents of Novateor Research Laboratories Limited
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Recent Activity on Novateor Research Laboratories Limited
Frequently Asked Questions about Novateor Research Laboratories Limited
Novateor Research Laboratories Limited is an active public limited company in the FMCG sector based in Ahmedabad, Gujarat, India. It was incorporated on 01 April 2011 (15+ years old) and is registered under CIN L24230GJ2011PLC064731. Listed on BSE: 542771.
Novateor Research Laboratories Limited reported revenue of ₹3.25 Cr for FY 2025 (up 92.00% YoY).
The current directors of Novateor Research Laboratories Limited are:
The primary industry of Novateor Research Laboratories Limited is FMCG. The company specifically operates in personal care and skincare products. The company is currently active in this sector.
Yes. Novateor Research Laboratories Limited is listed on BSE with code 542771.
Yes, Novateor Research Laboratories Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).