About Novel Inductive Reasoning Software Private Limited
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Novel Inductive Reasoning Software Private Limited is a private limited company based in Shaikpet, Telangana, India. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 29 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2016PTC109283. Its GSTIN is 36AAFCN2121F1ZX (Telangana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹9.13 Lakh. It is led by directors including Swetha Reddy Vutukoori (Managing Director) and Vadde Srinivas Reddy.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shaikpet, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.11 Lakh, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹3.89 Lakh (net margin -42.7%) and EBITDA of -₹3.89 Lakh (EBITDA margin -42.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: NovelIRS and MIRAT.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novelirs.com.
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- Registered Address1 – 60/5/Aspire/A/703, Durgam Cheruvu Road, Shaikpet, Telangana, India – 500081
- IndustryInformation Technology, IT Infrastructure Management & 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
- One PDF report, delivered after checkout
Financials of Novel Inductive Reasoning Software Private Limited FY 2024 filings available
Novel Inductive Reasoning Software Private Limited reported revenue of ₹9.11 Lakh (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Novel Inductive Reasoning Software Private Limited
Revenue rose 37% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 15% 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 of Novel Inductive Reasoning Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.89 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Novel Inductive Reasoning Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -42.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -42.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Efficiency and Growth | |||||
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Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Novel Inductive Reasoning Software are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Infrastructure Management). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yokeasia Malls Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Sliq Information Technologies Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Ambica Info Tech Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Swisindia Infrastructures Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Technocom Networks (India) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Novel Inductive Reasoning Software Private Limited this company | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Emsecuric Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pathanamthtta, Kerala, India |
| Primasonic Systems Pvt. Ltd. | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Kavach Networks Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Byte Technosys Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Orangepay Solutions and Services Private Limited | •••• | •••• | •••• | •••• | - | Patna, Bihar, India |
Peers are the five companies nearest above and the five nearest below Novel Inductive Reasoning Software by revenue in the Information Technology industry (Infrastructure Management), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software Private Limited is audited by V.C.MOULI&CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.C.MOULI&CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software 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 |
|---|---|---|---|---|
| Vadde Srinivas Reddy Also directs: Uday Edifice LLP, Uday Energy and Resources Private Limited, Telangana Rock Sand Private Limited and 2 more | Director | 29 Apr 2016 | 10 Years 5 Months | Current |
| Swetha Reddy Vutukoori | Managing Director | 29 Apr 2016 | 10 Years 5 Months | Current |
| Sarath Kumar Patnayakuni | Director | 30 Mar 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of Novel Inductive Reasoning Software Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software operates two associated brands: NovelIRS and MIRAT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud-based software for IT infrastructure management. | novelirs.com | |
| Serves as a cloud-based provider for IT infrastructure management. | mirat.ai |
Employees and EPFO Compliance at Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software Private Limited has a workforce of 3 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Sarath Kumar Patnayakuni was appointed as Director on 30 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Novel Inductive Reasoning Software Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Novel Inductive Reasoning Software Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Novel Inductive Reasoning Software Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCN2121F1ZX | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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MCA Filings & Documents of Novel Inductive Reasoning Software Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Novel Inductive Reasoning Software Private Limited
Novel Inductive Reasoning Software is an active private limited company based in Shaikpet, Telangana, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 29 April 2016 (10+ years old) and is registered under CIN U72900TG2016PTC109283.
Novel Inductive Reasoning Software reported revenue of ₹9.11 Lakh for FY 2024 (up 37% YoY).
Novel Inductive Reasoning Software has 3 current directors:
- Swetha Reddy Vutukoori - Managing Director
- Vadde Srinivas Reddy - Director
- Sarath Kumar Patnayakuni - Director
Novel Inductive Reasoning Software reported a net loss of ₹3.89 Lakh (net margin -42.7%) and EBITDA of -₹3.89 Lakh (EBITDA margin -42.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Novel Inductive Reasoning Software is -7% over three years. In the latest year (FY 2024) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Novel Inductive Reasoning Software is 36AAFCN2121F1ZX, registered in Telangana.
The CIN (Corporate Identification Number) of Novel Inductive Reasoning Software is U72900TG2016PTC109283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Inductive Reasoning Software was incorporated on 29 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Novel Inductive Reasoning Software by revenue are Yokeasia Malls Private Limited, Sliq Information Technologies Private Limited, Ambica Info Tech Private Limited, Swisindia Infrastructures Private Limited, Technocom Networks (India) Private Limited and 5 more, all in the Information Technology industry (Infrastructure Management).
Sarath Kumar Patnayakuni was appointed as Director on 30 Mar 2023. Mahender Reddy Ireddy ceased to be Additional Director on 31 Dec 2020. Kondaveeti Chinnababu ceased to be Director on 01 Jun 2020. Novel Inductive Reasoning Software has 8 board changes on record in total.
Novel Inductive Reasoning Software can be reached through the website novelirs.com. Its registered office is in Shaikpet, Telangana, India.