Novel Drugs Limited
About Novel Drugs Limited
Data last updated:
Novel Drugs Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 03 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24231TN1994PLC027710. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹12 Lakh. It is led by directors including Gnanatilakan Sebastian and Chandra Gnanatilakan.
The registered office is at No.33 Nainar Roadmylapore Chennai.600 004, Tamil Nadu, India.
As per MCA filings, the company has open charges of ₹8.77 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Novel Drugs Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressNo.33 Nainar Roadmylapore Chennai.600 004, Tamil Nadu, India
- IndustryPharma, Drug Formulation & Development
- 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
Financials of Novel Drugs Limited
Year-wise financial statements and ratios of Novel Drugs Limited are in the company report Buy the company report.
Board of directors of Novel Drugs Limited
Novel Drugs has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gnanatilakan Sebastian | Director | 30 Jul 1996 | 30 Years 3 Months | Current |
| Chandra Gnanatilakan Also directs: Medzone Pharmaceuticals Private Limited | Director | 14 Aug 2008 | 18 Years 2 Months | Current |
| Karunakaran Sebastin | Director | 03 Jun 1994 | 32 Years 5 Months | Current |
| Mary Vasundra Justine | Director | 14 Aug 2008 | 18 Years 2 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2005 | 90321165 | State Bank of India | ₹3.48 Cr | Open | |
| 27 Jan 2005 | 90322299 | State Bank of India | ₹2.41 Cr | Open | |
| 18 Dec 2003 | 90322291 | State Bank of India | ₹1.96 Cr | Open | |
| 31 Mar 2000 | 90321014 | The Lakshmi Vilas Bank Ltd. | ₹77 Lakh | Open | |
| 23 Sep 1996 | 90322123 | State Bank of India | ₹14.75 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
Novel Drugs Limited has 12 court cases on record: 1 filed by Novel Drugs, 11 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 1 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Sami Labs Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Ms Ray Chemicals Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Sami Labs Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Sunrise Containers Ltd | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by an individual | Pending |
To see the full case history of Novel Drugs 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 Drugs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novel Drugs has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Novel Drugs Limited, buy the company report.
Recent activity
Novel Drugs Limited has 6 board changes on record since 1994: 5 appointments and 1 cessation. The latest: Soorya Narayanan Venkatrama ceased to be Managing Director on 18 Aug 2008.
Frequently asked questions
Novel Drugs is an active public limited company based in Chennai, Tamil Nadu, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 03 June 1994 (32+ years old) and is registered under CIN U24231TN1994PLC027710.
Novel Drugs has 4 current directors:
- Gnanatilakan Sebastian - Director
- Chandra Gnanatilakan - Director
- Karunakaran Sebastin - Director
- Mary Vasundra Justine - Director
No. Novel Drugs has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Novel Drugs is U24231TN1994PLC027710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Drugs has 12 court cases on record: 1 filed by the company and 11 filed against it. 2 are pending. Most are in the district courts.
Novel Drugs was incorporated on 03 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Soorya Narayanan Venkatrama ceased to be Managing Director on 18 Aug 2008. Chandra Gnanatilakan was appointed as Director on 14 Aug 2008. Mary Vasundra Justine was appointed as Director on 14 Aug 2008. Novel Drugs has 6 board changes on record in total.
The registered office of Novel Drugs is at No.33 Nainar Roadmylapore Chennai.600 004, Tamil Nadu, India.
Novel Drugs operates in the pharma industry, in the drug formulation and development segment.
Novel Drugs has open charges of ₹8.77 Cr and no satisfied charges on record as per latest MCA filings.
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