Novel IT Solutions Private Limited
About Novel IT Solutions Private Limited
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Novel IT Solutions Private Limited is a private limited company based in Chandigarh, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 13 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900CH2010PTC032155. Its GSTIN is 03AADCN7536J1ZE (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jaswinder Singh Sagar and Richa Sagar.
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 SCO 1132 – 33 2nd Floor Cabin No 21 Sector 22 B, Chandigarh, India – 160022.
As per the financials filed for FY 2020, the company reported a revenue of ₹57.93 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹3.86 Lakh (net margin 6.7%) and EBITDA of ₹5.12 Lakh (EBITDA margin 8.8%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressSCO 1132 – 33 2nd Floor Cabin No 21 Sector 22 B, Chandigarh, India – 160022
- IndustryInformation Technology, Other Computer Related Activities
- 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 IT Solutions Private Limited FY 2025 filings available
Novel IT Solutions Private Limited reported revenue of ₹57.93 Lakh (down 5% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Novel IT Solutions Private Limited
Revenue fell 5% in the latest year. EBITDA fell 11% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Novel IT Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹57.93 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.86 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Novel IT Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
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 IT Solutions are in the company report.
Financial statements from 2015
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.
Board of Directors of Novel IT Solutions Private Limited
Novel IT Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaswinder Singh Sagar Also directs: Bridal Touches Private Limited | Director | 16 Nov 2015 | 10 Years 10 Months | Current |
| Richa Sagar Also directs: Bridal Touches Private Limited | Director | 13 Apr 2010 | 16 Years 5 Months | Current |
Ownership and Shareholding of Novel IT Solutions 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 IT Solutions Private Limited
Novel IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Novel IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Novel IT Solutions.
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 IT Solutions Private Limited
Novel IT Solutions Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Navpreet Singh ceased to be Director on 01 Mar 2022.
Credit Ratings, Litigation & Regulatory Alerts for Novel IT Solutions 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 IT Solutions 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 IT Solutions 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
Verified entity values are shown only after access is granted.
GST Compliance of Novel IT Solutions Private Limited
Novel IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCN7536J1ZE | Punjab | Active | 10 Jul 2018 |
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
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Novel IT Solutions 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 IT Solutions Private Limited
Novel IT Solutions is an active private limited company based in Chandigarh, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 13 April 2010 (16+ years old) and is registered under CIN U72900CH2010PTC032155.
Novel IT Solutions reported revenue of ₹57.93 Lakh for FY 2020 (down 5% YoY).
Novel IT Solutions has 2 current directors:
- Jaswinder Singh Sagar - Director
- Richa Sagar - Director
Novel IT Solutions reported a net profit of ₹3.86 Lakh (net margin 6.7%) and EBITDA of ₹5.12 Lakh (EBITDA margin 8.8%) for FY 2020, as per its filed financial statements.
The GSTIN of Novel IT Solutions is 03AADCN7536J1ZE, registered in Punjab.
The CIN (Corporate Identification Number) of Novel IT Solutions is U72900CH2010PTC032155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel IT Solutions was incorporated on 13 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
Navpreet Singh ceased to be Director on 01 Mar 2022. Shivani ceased to be Director on 10 Jun 2016. Jaswinder Singh Sagar was appointed as Director on 16 Nov 2015. Novel IT Solutions has 6 board changes on record in total.
The registered office of Novel IT Solutions is at SCO 1132 – 33 2nd Floor Cabin No 21 Sector 22 B, Chandigarh, India – 160022.
Novel IT Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.