About Noveltex Private Limited
Data last updated:
Noveltex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 16 April 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1997PTC032122. Its GSTIN is 24AAACN5340B1Z4 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.03 Lakh. It is led by directors including Dwipal Akhilesh Desai and Daksha Akhilesh Desai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9 Ruchi Apartment Behindcity Center Off C G Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.53 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.23 Lakh (net margin 1.3%) and EBITDA of ₹17.68 Lakh (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website noveltexintl.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address9 Ruchi Apartment Behindcity Center Off C G Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
- 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
Business Activity of Noveltex Private Limited
The main business activity of Noveltex is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Noveltex Private Limited FY 2024 filings available
Noveltex Private Limited reported revenue of ₹2.53 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Noveltex Private Limited
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 32% 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 Noveltex 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 | ₹17.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.23 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Noveltex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Noveltex 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 Noveltex Private Limited
Noveltex Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naik Industrial Traders Private Limited | ₹2.55 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolhapur, Maharashtra, India |
| Vendomatic India Private Limited | ₹2.55 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Madurai, Tamil Nadu, India |
| Mass Global Trading Private Limited | ₹2.54 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| Future Elevators Private Limited | ₹2.54 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Bhilwara, Rajasthan, India |
| Navitas Green Power (Fuel Management) Private Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Delhi, India |
| Noveltex Private Limited this company | ₹2.53 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Ahmedabad, Gujarat, India |
| Paramount Ecoair Techniques Private Limited | ₹2.52 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Pune, Maharashtra, India |
| Advantagesai Projects Private Limited | ₹2.52 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Aurangabad, Maharashtra, India |
| Skyline Infra Enviro Private Limited | ₹2.51 Cr (FY 2023) | •••• | •••• | 1480.0% | •••• | New Delhi, Delhi, India |
| More Marketing Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Reftron India (OPC) Private Limited | ₹2.51 Cr (FY 2022) | •••• | •••• | 14.0% | •••• | Puducherry, India |
Peers are the five companies nearest above and the five nearest below Noveltex by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), 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 Noveltex Private Limited
Noveltex Private Limited is audited by SHASHIKANT J. SHAH for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHASHIKANT J. SHAH | 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 Noveltex Private Limited
Noveltex has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dwipal Akhilesh Desai | Director | 16 Apr 1997 | 29 Years 5 Months | Current |
| Daksha Akhilesh Desai | Director | 16 Apr 1997 | 29 Years 5 Months | Current |
| Akhilesh Govindlal Desai | Director | 16 Apr 1997 | 29 Years 5 Months | Current |
Ownership and Shareholding of Noveltex 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 Noveltex Private Limited
Noveltex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Noveltex Private Limited
Employment history and EPFO contributions of people linked to Noveltex.
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 Noveltex Private Limited
Noveltex Private Limited has 3 board changes on record since 1997: 3 appointments. The latest: Akhilesh Govindlal Desai was appointed as Director on 16 Apr 1997.
Credit Ratings, Litigation & Regulatory Alerts for Noveltex 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 Noveltex 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 Noveltex 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 Noveltex Private Limited
Noveltex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN5340B1Z4 | Gujarat | 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 Noveltex 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 Noveltex Private Limited
Noveltex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 16 April 1997 (29+ years old) and is registered under CIN U17119GJ1997PTC032122.
Noveltex reported revenue of ₹2.53 Cr for FY 2025 (down 23% YoY).
Noveltex has 3 current directors:
- Dwipal Akhilesh Desai - Director
- Daksha Akhilesh Desai - Director
- Akhilesh Govindlal Desai - Director
Noveltex reported a net profit of ₹3.23 Lakh (net margin 1.3%) and EBITDA of ₹17.68 Lakh (EBITDA margin 7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Noveltex is 2% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Noveltex is 24AAACN5340B1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Noveltex is U17119GJ1997PTC032122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Noveltex was incorporated on 16 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Noveltex by revenue are Naik Industrial Traders Private Limited, Vendomatic India Private Limited, Mass Global Trading Private Limited, Future Elevators Private Limited, Navitas Green Power (Fuel Management) Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).
Akhilesh Govindlal Desai was appointed as Director on 16 Apr 1997. Daksha Akhilesh Desai was appointed as Director on 16 Apr 1997. Dwipal Akhilesh Desai was appointed as Director on 16 Apr 1997.
Noveltex can be reached through the website noveltexintl.com. Its registered office is in Ahmedabad, Gujarat, India.