About Novavente Limited
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Novavente Limited is a public limited company based in Thane, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PLC280169. Its GSTIN is 27AAFCN2145P1Z3 (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹3.7 Cr. It was formerly known as Natunatech Private Limited. It is led by directors including Ronak Rajan (Managing Director) and Samrat Dilip Parasnis (Whole-Time Director).
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 Sector 3, Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.34 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹2.05 Cr (net margin 32.3%) and EBITDA of ₹2.79 Cr (EBITDA margin 44%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years and 25% over five years.
The company is associated with 1 brand: NovaVente. As per MCA filings, the company has open charges of ₹97.29 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25.04 Cr; the latest was in June 2024. Its 10 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Appon Software Private Limited with revenue of ₹6.41 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novavente.com.
Company details
Name history
Novavente has undergone 2 name changes throughout its history. The company was previously known as Natunatech Private Limited, and Novavente Limited. The current legal name is Novavente Limited.
| Company Name | Status |
|---|---|
| Novavente Limited | Current |
| Natunatech Private Limited | Previous |
CIN history
Novavente has one previous CIN (Corporate Identification Number): U74999MH2016PTC280169. The current CIN is U74999MH2016PLC280169, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2016PLC280169 | Current |
| U74999MH2016PTC280169 | Previous |
Contact details
Novavente Limited's registered office is in Thane, Maharashtra.
- Social Media
- Registered AddressOffice No. 307 & 308 3rd Floor Building No 3 Millennium Business Park Sector 3, Mahape Navi Mumbai, Thane, Maharashtra, India – 400710
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Brands
Novavente operates one associated brand: NovaVente. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end sales solutions and training are provided for B2B companies. | novavente.com |
Business activity
The main business activity of Novavente is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Novavente Limited, buy the company report.
Financials of Novavente Limited
FY 2024 filings availableNovavente Limited reported revenue of ₹6.34 Cr (up 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 53% growth in the latest year. EBITDA rose 125% 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 | ₹2.79 Cr | ||||
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| Net Profit (PAT) | ₹2.05 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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| EBITDA Margin | 44% | ||||
| Net Profit Margin | 32.3% | ||||
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To see the full financial statements and ratios of Novavente Limited, buy the company report.
Board of directors of Novavente Limited
Novavente has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samrat Dilip Parasnis Also directs: Thought Minds Systems Private Limited | Whole-Time Director | 25 Apr 2016 | 10 Years 5 Months | Current |
| Ronak Rajan Also directs: Ipo Labs AI Private Limited | Managing Director | 25 Apr 2016 | 10 Years 5 Months | Current |
| Asish Umasankar | Director | 12 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Novavente Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Appon Software Private Limited | ₹6.41 Cr (FY 2024) | 31.0% | Pune, Maharashtra, India | |||
| Dhira Software Labs Private Limited | ₹6.4 Cr (FY 2024) | 247.0% | Hyderabad, Telangana, India | |||
| Predigle India Private Limited | ₹6.4 Cr (FY 2024) | 3552.0% | Chennai, Tamil Nadu, India | |||
| Misha Infotech Private Limited | ₹6.38 Cr (FY 2025) | 8.0% | Delhi, India | |||
| Apconic Software Private Limited | ₹6.35 Cr (FY 2025) | 5.0% | Indore, Madhya Pradesh, India | |||
| Novavente Limitedthis company | ₹6.34 Cr (FY 2024) | ₹2.05 Cr | 32.3% | 53.0% | Thane, Maharashtra, India | |
| Trisys IT Services Private Limited | ₹6.34 Cr (FY 2025) | -14.0% | Bangalore, Karnataka, India | |||
| Go Brilliant Technologies Private Limited | ₹6.34 Cr (FY 2025) | 158.0% | Panchkula, Haryana, India | |||
| Internet Testing Systems (India) Private Limited | ₹6.34 Cr (FY 2025) | 26.0% | Coimbatore, Tamil Nadu, India | |||
| Tsplus India Private Limited | ₹6.34 Cr (FY 2025) | 1.0% | Bengaluru, Karnataka, India | |||
| Rebuscode Information Solutions Private Limited | ₹6.34 Cr (FY 2025) | 32.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Novavente Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2024 | 101027050 | Others | ₹97.29 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Novavente Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25.04 Cr; the latest was in June 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round | ₹25.04 Cr | Investors: Highbrow Securities |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novavente Limited has 1 court case on record: 1 filed by Novavente. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Amtex Digital Corporation Pvt Ltd | Disposed |
To see the full case history of Novavente 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 Novavente Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novavente has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCN2145P1Z3 | Maharashtra | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Novavente Limited, buy the company report.
Recent activity
Novavente Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Asish Umasankar was appointed as Director on 12 Nov 2024.
Frequently asked questions
Novavente is an active public limited company based in Thane, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 April 2016 (10+ years old) and is registered under CIN U74999MH2016PLC280169.
Novavente has 3 current directors:
- Ronak Rajan - Managing Director
- Samrat Dilip Parasnis - Whole-Time Director
- Asish Umasankar - Director
The latest financial statements of Novavente 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 FY 2017 are in the company report.
The GSTIN of Novavente is 27AAFCN2145P1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novavente is U74999MH2016PLC280169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novavente has 1 court case on record: 1 filed by the company.
Novavente was incorporated on 25 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Novavente has 1 deal on record (1 funding round), with disclosed funding of ₹25.04 Cr; the latest was in June 2024.
The peers of Novavente by revenue are Appon Software Private Limited, Dhira Software Labs Private Limited, Predigle India Private Limited, Misha Infotech Private Limited, Apconic Software Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Asish Umasankar was appointed as Director on 12 Nov 2024. Ankit Bhaskar ceased to be Additional Director on 11 Nov 2024. Richa Kachhawaha ceased to be Additional Director on 11 Nov 2024. Novavente has 8 board changes on record in total.
Novavente can be reached through the website novavente.com. Its registered office is in Thane, Maharashtra, India.