MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-15-0065236
Novel Appliances Private Limited - consumer electronics & durables in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.54 Cr
▲ 12% YoY
Net profit · FY 2024
₹99.19 Lakh
Net margin 2.9%
EBITDA · FY 2024
₹1.73 Cr
EBITDA margin 5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹6.3 Cr
Secured borrowings
Company age
26 yrs
Est. 2000
Employees · EPFO
26
Provident fund records
About Novel Appliances Private Limited
Data last updated:
Novel Appliances Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 07 August 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51909PN2000PTC015192. Its GSTIN is 27AABCN4020F1ZY (Maharashtra). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Dilip Narayandas Parmar (Whole-Time Director) and Bharat Narayandas Parmar (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 777 Raviwar Peth, Pune, Maharashtra, India – 411002.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.54 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹99.19 Lakh (net margin 2.9%) and EBITDA of ₹1.73 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.3 Cr on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 6 cases are pending.
Novel Appliances Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-15-0065236). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novelappliances.com.
Company details
CIN U51909PN2000PTC015192
Registration Number 015192
Incorporation Date 07 August 2000
ROC Pune
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 Small
Udyam Registration UDYAM-MH-15-0065236
Key People
Dilip Narayandas Parmar Whole-Time Director Bharat Narayandas Parmar Whole-Time Director Parimal Narayandas Parmar Whole-Time Director Recognitions & Rankings of Novel Appliances
Contact details
Novel Appliances Private Limited's registered office is in Pune, Maharashtra. Its website is novelappliances.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address777 Raviwar Peth, Pune, Maharashtra, India – 411002
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Novel Appliances Private Limited, buy the company report.
Comprehensive company report
Novel Appliances 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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Business activity
The main business activity of Novel Appliances is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Novel Appliances Private Limited, buy the company report.
Financials of Novel Appliances Private Limited
FY 2024 filings availableNovel Appliances Private Limited reported revenue of ₹34.54 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹34.54 Cr ▲ 12%
Net profit · FY 2024
₹99.19 Lakh margin 2.9%
EBITDA · FY 2024
₹1.73 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 9%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 8%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 12% growth in the latest year. EBITDA rose 28% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹99.19 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Novel Appliances Private Limited, buy the company report.
Board of directors of Novel Appliances Private Limited
Novel Appliances has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Narayandas Parmar Also directs: Novel Sewing Machine Company LLP | Whole-Time Director | 07 Aug 2000 | 26 Years 2 Months | Current |
| Bharat Narayandas Parmar Also directs: Novel Sewing Machine Company LLP | Whole-Time Director | 07 Aug 2000 | 26 Years 2 Months | Current |
| Parimal Narayandas Parmar | Whole-Time Director | 07 Aug 2000 | 26 Years 2 Months | Current |
| Nilesh Kantilal Shah | Whole-Time Director | 07 Aug 2000 | 26 Years 2 Months | Current |
| Dharam Dilip Parmar Also directs: Novel Sewing Machine Company LLP | Whole-Time Director | 01 Apr 2011 | 15 Years 6 Months | Current |
Auditor
Novel Appliances Private Limited is audited by K V M D S & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K V M D S & Associates | FY 2022 | 121347W |
Shareholding
The shareholding of Novel Appliances 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novel Appliances Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2021 | 100434417 | Others | ₹14 Lakh | Open | |
| 19 Dec 2015 | 10617083 | State Bank of India | ₹4.75 Cr | Open | |
| 08 Jan 2007 | 10038886 | Bank of Maharashtra | ₹11 Lakh | Open | |
| 01 Jan 2004 | 90092411 | Bank of Maharashtra | ₹1 Cr | Open | |
| 12 Jul 2001 | 90091608 | The Sangli Bank Ltd. | ₹30 Lakh | Open |
To see the full charge records of Novel Appliances Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Novel Appliances Private Limited has 14 court cases on record: 11 filed by Novel Appliances, 3 filed against it. 6 cases are pending and 8 are disposed.
Total cases
14
Filed by the company
11
Filed against the company
3
Pending
6
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 3 | 6 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against Royal Electronics and Services Prop Juber Nadaf | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Novel Appliances 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 Novel Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novel Appliances Private Limited has a workforce of 26 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
GST
Novel Appliances has 5 GST registrations: 1 active and 4 cancelled or inactive.
Total GSTINs
5
Active
1
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN4020F1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novel Appliances Private Limited, buy the company report.
Recent activity
Novel Appliances Private Limited has 10 board changes on record since 2000: 5 appointments and 5 cessations. The latest: Bharat Narayandas Parmar ceased to be Director on 30 Sep 2016.
AGM
Novel Appliances Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Novel Appliances Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others amounted to Rs. 14.00 Lakh with Charge ID 100434417 was registered on 17 Feb 2021.
Charges
A charge with State Bank Of India of Rs. 475.00 Lakh registered on 19 Dec 2015 with Charge ID 10617083 was modified on 06 Mar 2019.
Ceased
Bharat Narayandas Parmar ceased to be Director.
Ceased
Dharam Dilip Parmar ceased to be Director.
Ceased
Dilip Narayandas Parmar ceased to be Director.
Ceased
Nilesh Kantilal Shah ceased to be Director.
Ceased
Parimal Narayandas Parmar ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 475.00 Lakh with Charge ID 10617083 was registered on 19 Dec 2015.
Appointed
Dharam Dilip Parmar was appointed as Whole-Time Director.
Charges
A charge with Bank Of Maharashtra of Rs. 100.00 Lakh registered on 01 Jan 2004 with Charge ID 90092411 was modified on 30 Oct 2010.
8 earlier events are in the company report.
Frequently asked questions
Novel Appliances is an active private limited company based in Pune, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 07 August 2000 (26+ years old) and is registered under CIN U51909PN2000PTC015192.
Novel Appliances has 5 current directors:
- Dilip Narayandas Parmar - Whole-Time Director
- Bharat Narayandas Parmar - Whole-Time Director
- Parimal Narayandas Parmar - Whole-Time Director
- Nilesh Kantilal Shah - Whole-Time Director
- Dharam Dilip Parmar - Whole-Time Director
The latest financial statements of Novel Appliances 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 Novel Appliances is 27AABCN4020F1ZY, registered in Maharashtra. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Novel Appliances is U51909PN2000PTC015192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Appliances has 14 court cases on record: 11 filed by the company and 3 filed against it. 6 are pending. Most are in the district courts.
Novel Appliances was incorporated on 07 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
Bharat Narayandas Parmar ceased to be Director on 30 Sep 2016. Dharam Dilip Parmar ceased to be Director on 30 Sep 2016. Dilip Narayandas Parmar ceased to be Director on 30 Sep 2016. Novel Appliances has 10 board changes on record in total.
Yes, Novel Appliances is registered as a small enterprise under Udyam registration (number: UDYAM-MH-15-0065236).
Novel Appliances can be reached through the website novelappliances.com. Its registered office is in Pune, Maharashtra, India.
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