About Novel Properties Private Limited
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Novel Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2007PTC167179. Its GSTIN is 27AACCN4474C1ZL (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mohan Almal and Ravindra Surendra Kolhe.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.59 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹19.19 Cr and EBITDA of -₹3.13 Cr. Revenue has declined at a compounded annual rate (CAGR) of 496% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹144 Cr and satisfied charges of ₹469 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krahejacorp.com.
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- Website
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- Registered AddressPlot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Properties Private Limited FY 2025 filings available
Novel Properties Private Limited reported revenue of ₹9.59 Lakh (up 10889% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Novel Properties Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years. EBITDA fell 182% 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 Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹19.19 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Novel Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Properties 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.
Peer Comparison of Novel Properties Private Limited
Novel Properties Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agro Irrigations Pvt Ltd. | ₹9.59 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Pune, Maharashtra, India |
| Anuktha West Wave Developers Private Limited | ₹9.59 Lakh (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Basera Infra (India) Private Limited | ₹9.59 Lakh (FY 2017) | •••• | •••• | -1.0% | •••• | Vrindaban, Uttar Pradesh, India |
| Fracto Ventures Private Limited | ₹9.59 Lakh (FY 2025) | •••• | •••• | 95669.0% | •••• | Delhi, India |
| Anirdesh Realcon Private Limited | ₹9.59 Lakh (FY 2024) | •••• | •••• | 417.0% | •••• | Hyderabad, Telangana, India |
| Novel Properties Private Limited this company | ₹9.59 Lakh (FY 2025) | •••• | •••• | 10889.0% | •••• | Mumbai, Maharashtra, India |
| Nikunj Corporations Private Limited | ₹9.58 Lakh (FY 2018) | •••• | •••• | 3452.0% | •••• | Varanasi, Uttar Pradesh, India |
| Utkal Real Estate Private Limited | ₹9.58 Lakh (FY 2024) | •••• | •••• | 0.0% | •••• | Bhubaneswar, Odisha, India |
| Benixion Technology Private Limited | ₹9.58 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Astha Enclave Promoters Private Limited | ₹9.57 Lakh (FY 2025) | •••• | •••• | -12.0% | •••• | Bathinda, Punjab, India |
| Mandakini Developers Private Limited | ₹9.56 Lakh (FY 2025) | •••• | •••• | 2021.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Novel Properties by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Novel Properties Private Limited
Novel Properties Private Limited is audited by KAPADIA ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAPADIA ASSOCIATES | 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 Properties Private Limited
Novel Properties has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Almal | Director | 07 Nov 2011 | 14 Years 11 Months | Current |
| Ravindra Surendra Kolhe Also directs: Stargaze Properties Private Limited, Aqualine Properties Private Limited, KRC Merry Niketan Private Limited and 5 more | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
| Ashish Rameshchandra Dhami Also directs: KRC Merry Niketan Private Limited, KRC Sunset Heights Private Limited, KRC Balmoral Private Limited and 4 more | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Novel Properties 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 Properties Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 2021 | Others | ₹24 Cr | Open |
| 27 Jul 2020 | Others | ₹120 Cr | Open |
| 11 Oct 2023 | Others | ₹100 Cr | Satisfied |
| 22 Sep 2016 | Others | ₹75 Cr | Satisfied |
| 20 Apr 2011 | Housing Development Finance Corporation Limited | ₹75 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Novel Properties Private Limited
Novel Properties Private Limited has 6 court cases on record: 3 filed by Novel Properties, 2 filed against it, 1 where it is another party. 2 cases are pending and 4 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAE) | Filed by the company against Ashishwang Cooperative Housing Society Ltd | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by Ashishwang Co Operative Housing Society Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed against the company by Ashishwang Co Opretive Housing Society Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Municipal Corporation of Brihan Mumbai and 3 Ors | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Novel Properties Private Limited
Employment history and EPFO contributions of people linked to Novel Properties.
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 Properties Private Limited
Novel Properties Private Limited has 15 board changes on record since 2007: 9 appointments and 6 cessations. The latest: Ashish Rameshchandra Dhami was appointed as Director on 02 Dec 2024.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Novel Properties 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 Properties 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 Properties 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 Properties Private Limited
Novel Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN4474C1ZL | Maharashtra | 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
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Novel Properties 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 Properties Private Limited
Novel Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 January 2007 (19+ years old) and is registered under CIN U45200MH2007PTC167179.
Novel Properties reported revenue of ₹9.59 Lakh for FY 2025 (up 10889% YoY).
Novel Properties has 3 current directors:
- Mohan Almal - Director
- Ravindra Surendra Kolhe - Director
- Ashish Rameshchandra Dhami - Director
Novel Properties reported a net loss of ₹19.19 Cr and EBITDA of -₹3.13 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Novel Properties is 496% over three years and -37% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Novel Properties is 27AACCN4474C1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Novel Properties is U45200MH2007PTC167179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Properties has 6 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Novel Properties was incorporated on 22 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Novel Properties by revenue are Agro Irrigations Pvt Ltd, Anuktha West Wave Developers Private Limited, Basera Infra (India) Private Limited, Fracto Ventures Private Limited, Anirdesh Realcon Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Ashish Rameshchandra Dhami was appointed as Director on 02 Dec 2024. Ramesh Ranganathan ceased to be Director on 02 Dec 2024. Ravindra Surendra Kolhe was appointed as Director on 02 Dec 2024. Novel Properties has 15 board changes on record in total.