MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TN-02-0063476
Novatium Solutions Private Limited - information technology in Chingleput, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹2.25 Cr
▼ 0.38% YoY
Net loss · FY 2021
₹2.86 Cr
Net margin -127.2%
EBITDA · FY 2021
-₹2.43 Cr
EBITDA margin -108.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.18 Cr
Issued & subscribed
Satisfied charges
₹11.5 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
23
Provident fund records
About Novatium Solutions Private Limited
Data last updated:
Novatium Solutions Private Limited is a private limited company based in Chingleput, Tamil Nadu, India. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 13 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2004PTC054447. Its GSTIN is 33AABCN9957B1ZH (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.18 Cr. It is led by directors including Rajaneesh Raj Bag and Ritesh Kant.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 2nd Floor Venkateswara Complex Pilar Kovil Cross Street (Omr), Chingleput, Tamil Nadu, India – 603103.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.25 Cr. For the same year it recorded a net loss of ₹2.86 Cr (net margin -127.2%) and EBITDA of -₹2.43 Cr (EBITDA margin -108.3%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 16% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Novatium Solutions and Emergic. As per MCA filings, the company has satisfied charges of ₹11.5 Cr on record. Court records list 38 cases involving the company, including 21 filed by the company and 17 filed against it; 18 cases are pending. The company has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in January 2017.
Novatium Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0063476). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novatium.com.
Company details
CIN U72200TN2004PTC054447
Registration Number 054447
Incorporation Date 13 October 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0063476
Recognitions & Rankings of Novatium Solutions
Contact details
Novatium Solutions Private Limited's registered office is in Chingleput, Tamil Nadu. Its website is novatium.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Venkateswara Complex Pilar Kovil Cross Street (Omr), Chingleput, Tamil Nadu, India – 603103
- IndustryInformation Technology, Cloud Computing & Cloud Services
To see the full contact details of Novatium Solutions Private Limited, buy the company report.
Comprehensive company report
Novatium Solutions 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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Brands
Novatium Solutions operates two associated brands: Novatium Solutions and Emergic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of managed cloud computing solutions for government, education, and enterprise clients | novatium.com | |
| Venture capital funding is provided by Emergic from Mumbai base. | emergic.org |
Business activity
The main business activity of Novatium Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Novatium Solutions Private Limited, buy the company report.
Financials of Novatium Solutions Private Limited
FY 2021 filings availableNovatium Solutions Private Limited reported revenue of ₹2.25 Cr for FY 2021.
Revenue · FY 2021
₹2.25 Cr
Net loss · FY 2021
₹2.86 Cr margin -127.2%
EBITDA · FY 2021
-₹2.43 Cr margin -108.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 24%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▼ 96%
5 years · compounded
▼ 30%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years. EBITDA rose 27% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.86 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -108.3% | ||||
| Net Profit Margin | -127.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Novatium Solutions Private Limited, buy the company report.
Board of directors of Novatium Solutions Private Limited
Novatium Solutions has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajaneesh Raj Bag Also directs: Transnodes Private Limited | Director | 24 Nov 2022 | 3 Years 11 Months | Current |
| Ritesh Kant Also directs: Dharani Hospitality Private Limited, Fangage Labs Private Limited | Director | 15 Nov 2017 | 8 Years 11 Months | Current |
| Vijayakumar Somasundaram Also directs: Getryt Technologies Private Limited | Director | 19 May 2017 | 9 Years 5 Months | Current |
Auditor
Novatium Solutions Private Limited is audited by RAO AND SANTOSH for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO AND SANTOSH | FY 2021 | 009120S |
Shareholding
The shareholding of Novatium Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novatium Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹11.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2010 | 10241813 | Svb India Finance Private Limited | ₹10 Cr | Satisfied | |
| 26 May 2010 | 10221324 | Indian Overseas Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Novatium Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Novatium Solutions Private Limited has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in January 2017.
Total deals
2
Funding round
1
Debt financing
1
Disclosed funding
₹10 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Funding round | Undisclosed | Investors: New Enterprise Associates |
| Sep 2010 | Debt financing | ₹10 Cr | Investors: InnoVen Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novatium Solutions Private Limited has 38 court cases on record: 21 filed by Novatium Solutions, 17 filed against it. 18 cases are pending and 20 are disposed.
Total cases
38
Filed by the company
21
Filed against the company
17
Pending
18
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 6 | 13 |
| District courts | 10 | 10 | 5 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Shri Ram Finance Ltd. | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against M/S Tata Consultancy Services Ltd.2 and 26 others | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Bharat Sanchar Nigam Ltd. | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Bharat Sanchar Nigam Ltd. | Disposed |
To see the full case history of Novatium Solutions 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 Novatium Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novatium Solutions Private Limited has a workforce of 23 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
9.52%
GST
Novatium Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCN9957B1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novatium Solutions Private Limited, buy the company report.
Recent activity
Novatium Solutions Private Limited has 20 board changes on record since 2008: 3 appointments and 17 cessations. The latest: Rajaneesh Raj Bag was appointed as Director on 24 Nov 2022.
Appointed
Rajaneesh Raj Bag was appointed as Director.
AGM
Novatium Solutions Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Novatium Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.
Ceased
Ritu Singh ceased to be Additional Director.
Ceased
Alok Singh ceased to be Director.
Ceased
Ritesh Kant ceased to be Managing Director.
Ceased
Uddipan Prasad Bagchi ceased to be Director.
Ceased
Gopinath Vinodkumar ceased to be Director.
Ceased
Saugata Chakrabarti ceased to be Director.
Appointed
Ritesh Kant was appointed as Director.
Ceased
Vijayakumar Somasundaram ceased to be Additional Director.
Ceased
Karl Henrik Palsson ceased to be Director.
15 earlier events are in the company report.
Frequently asked questions
Novatium Solutions is an active private limited company based in Chingleput, Tamil Nadu, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 13 October 2004 (22+ years old) and is registered under CIN U72200TN2004PTC054447.
Novatium Solutions has 3 current directors:
- Rajaneesh Raj Bag - Director
- Ritesh Kant - Director
- Vijayakumar Somasundaram - Director
The latest financial statements of Novatium Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Novatium Solutions is 33AABCN9957B1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Novatium Solutions is U72200TN2004PTC054447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novatium Solutions has 38 court cases on record: 21 filed by the company and 17 filed against it. 18 are pending. Most are in the high courts.
Novatium Solutions was incorporated on 13 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Novatium Solutions has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹10 Cr; the latest was in January 2017.
Rajaneesh Raj Bag was appointed as Director on 24 Nov 2022. Ritu Singh ceased to be Additional Director on 28 Dec 2020. Alok Singh ceased to be Director on 20 Jul 2020. Novatium Solutions has 20 board changes on record in total.
Yes, Novatium Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0063476).