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 8 cases involving the company, including 3 filed by the company and 5 filed against it; 3 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.
Company details
Contact details
Novel Properties Private Limited's registered office is in Mumbai, Maharashtra. Its website is krahejacorp.com. Its e-mail address is in the company report.
- Email
- Website
- 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
To see the full contact details of Novel Properties Private Limited, 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
Financials of Novel Properties Private Limited
FY 2025 filings availableNovel Properties Private Limited reported revenue of ₹9.59 Lakh (up 10889% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.13 Cr | ||||
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| Net Profit (PAT) | -₹19.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Novel Properties Private Limited, buy the company report.
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, The Airlines Hotel Private Limited and 5 more | Director | 02 Dec 2024 | 1 Years 11 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 11 Months | Current |
Peer comparison
Novel Properties Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| 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 | ||||
| Novel Properties Private Limitedthis company | ₹9.59 Lakh (FY 2025) | -₹19.19 Cr | 10889.0% | Mumbai, Maharashtra, India | ||
| Utkal Real Estate Private Limited | ₹9.58 Lakh (FY 2024) | 0.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Novel Properties Private Limited, buy the company report.
Auditor
Novel Properties Private Limited is audited by KAPADIA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAPADIA ASSOCIATES | FY 2023 | 112711W |
Shareholding
The shareholding of Novel Properties Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novel Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2021 | 100423644 | Others | ₹24 Cr | Open | |
| 27 Jul 2020 | 100361017 | Others | ₹120 Cr | Open | |
| 11 Oct 2023 | 100806687 | Others | ₹100 Cr | Satisfied | |
| 22 Sep 2016 | 100055716 | Others | ₹75 Cr | Satisfied | |
| 20 Apr 2011 | 10286965 | Housing Development Finance Corporation Limited | ₹75 Cr | Satisfied |
To see the full charge records of Novel Properties Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Novel Properties Private Limited has 8 court cases on record: 3 filed by Novel Properties, 5 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 2 |
| District courts | 3 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAE) | Filed by the company against Cape Trading LLP and 4 others | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Ashishwang Co-Operative Housing Society Limited | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed against the company by Ashishwang Co Opretive Housing Society Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by Ashishwang Co Operative Housing Society Ltd | Disposed |
To see the full case history of Novel Properties Private 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 Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novel Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN4474C1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novel Properties Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Mohan Almal - Director
- Ravindra Surendra Kolhe - Director
- Ashish Rameshchandra Dhami - Director
The latest financial statements of Novel Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
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 8 court cases on record: 3 filed by the company and 5 filed against it. 3 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, Utkal Real Estate Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
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.
Novel Properties can be reached through the website krahejacorp.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Novel Properties is at Plot No. C – 30 Block G Opp. Sidbi Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
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