Novel Finvest Pvt Ltd
About Novel Finvest Pvt Ltd
Data last updated:
Novel Finvest Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65993WB1996PTC077814. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.15 Cr and a paid-up capital of ₹1.89 Cr. It is led by directors Rasika Harkishandas Sanghavi and Anjana Vora.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.65 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹20,000 (net margin 12.1%) and EBITDA of ₹20,000 (EBITDA margin 12.1%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 64% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Novel Finvest Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1/G Khudiram Bose Sarani Saltee Plaza, 6th Floor Room No.612 Cabin No.6 Near Nagerbazar, Kolkata, West Bengal, India – 700080
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Novel Finvest Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Novel Finvest is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Novel Finvest Pvt Ltd, buy the company report.
Financials of Novel Finvest Pvt Ltd
FY 2025 filings availableNovel Finvest Pvt Ltd reported revenue of ₹1.65 Lakh (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 98% fall in the latest year. EBITDA rose 126% 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 | ₹20,000 | ||||
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| Net Profit (PAT) | ₹20,000 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 12.1% | ||||
| Net Profit Margin | 12.1% | ||||
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To see the full financial statements and ratios of Novel Finvest Pvt Ltd, buy the company report.
Board of directors of Novel Finvest Pvt Ltd
Novel Finvest has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasika Harkishandas Sanghavi Also directs: Swift Tracom Private Limited, Kuber Trexim Pvt Ltd, Roplas Dealcomm Pvt Ltd and 5 more | Director | 30 Apr 2013 | 13 Years 6 Months | Current |
| Anjana Vora Also directs: Swift Tracom Private Limited, Kuber Trexim Pvt Ltd, Roplas Dealcomm Pvt Ltd and 5 more | Director | 18 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Novel Finvest Pvt Ltd is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dev-Aashish Capitals Private Limited | ₹1.7 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Kamdhar Leasing and Finance Limited | ₹1.65 Lakh (FY 2015) | 7.0% | Kanpur, Uttar Pradesh, India | |||
| Novel Finvest Pvt Ltdthis company | ₹1.65 Lakh (FY 2024) | ₹20,000 | 12.1% | -98.0% | Kolkata, West Bengal, India | |
| Maya Infin Private Limited | ₹1.62 Lakh (FY 2022) | -31.0% | Mumbai, Maharashtra, India | |||
| Abhideep Plantation Private Limited | ₹1.6 Lakh (FY 2025) | -88.0% | Kolkata, West Bengal, India | |||
| Sitara Fincom Private Limited | ₹1.59 Lakh (FY 2023) | -86.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Novel Finvest Pvt Ltd, buy the company report.
Auditor
Novel Finvest Pvt Ltd is audited by BHUWANIA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHUWANIA & ASSOCIATES | FY 2020 | 326818E |
Shareholding
The shareholding of Novel Finvest Pvt Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Novel Finvest Pvt Ltd, buy the company report.
Legal cases
Novel Finvest Pvt Ltd has 1 court case on record: 1 filed by Novel Finvest. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed by the company against Elanza Dealcom P.Ltd. | Disposed |
To see the full case history of Novel Finvest Pvt Ltd, 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 Finvest Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Novel Finvest has 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
GST
Novel Finvest 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 Finvest Pvt Ltd, buy the company report.
Recent activity
Novel Finvest Pvt Ltd has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Nimish Sanghavi ceased to be Director on 20 Oct 2021.
1 earlier event is in the company report.
Frequently asked questions
Novel Finvest is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 March 1996 (30+ years old) and is registered under CIN U65993WB1996PTC077814.
Novel Finvest has 2 current directors:
- Rasika Harkishandas Sanghavi - Director
- Anjana Vora - Director
The latest financial statements of Novel Finvest on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Novel Finvest has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Novel Finvest is U65993WB1996PTC077814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Finvest has 1 court case on record: 1 filed by the company.
Novel Finvest was incorporated on 06 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Novel Finvest by revenue are Dev-Aashish Capitals Private Limited, Kamdhar Leasing and Finance Limited, Maya Infin Private Limited, Abhideep Plantation Private Limited, Sitara Fincom Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Nimish Sanghavi ceased to be Director on 20 Oct 2021. Anjana Vora was appointed as Director on 18 Oct 2021. Anil Harkishandas Sanghavi ceased to be Director on 14 Jul 2016. Novel Finvest has 10 board changes on record in total.
The registered office of Novel Finvest is at 1G Khudiram Bose Sarani Saltee Plaza, 6th Floor Room No.612 Cabin No.6 Near Nagerbazar, Kolkata, West Bengal, India – 700080.
Novel Finvest operates in the financial services industry, in the nbfc segment.
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