Novelty Insurance Brokers Limited Company Logo

Novelty Insurance Brokers Limited - Company Profile

It is a financial services public limited company based in Jalandhar, Punjab, India, established in 2003.

2003 | Jalandhar, Punjab, India | Active
Last Updated:

About Novelty Insurance Brokers Limited

Novelty Insurance Brokers Limited, a active public limited company, was established on 16 April 2003 in Jalandhar, Punjab, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U67200PB2003PLC025925. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹7.50 M and a paid-up capital of ₹7.50 M.

Formerly known as Novelty Assurance Services Limited. It upholds a compliant status. Employing 3 professional, Its leadership includes Rajesh Chopra (Director), Kasturi Bhagat Lal (Director), Parveen Gupta (Managing Director). Past directors included Vasudha Singh, Singh Navrinder, Rajan Chopra. It holds ₹0.50 M open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Iiird Floor Shakti Tower Adjancent Swani Motors B M C Chowk, Jalandhar, Punjab, 144001.

Company Details

  • CIN/LLPIN

    U67200PB2003PLC025925

  • Registration Number

    025925

  • Incorporation Date

    16 April 2003

  • Authorized Capital

    ₹7.50 M

  • Paid-Up Capital

    ₹7.50 M

  • ROC Code

    Roc Chandigarh

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 7.50 M
  • Company Age 22 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.50 M
  • Revenue Growth 63.25%
  • Profit Growth 74.14%
  • Ebitda 69.32%
  • Net Worth 29.92%
  • Total Assets 30.93%
Company report

Novelty Insurance Brokers Limited

Company Report FY 2025-2026

Explore comprehensive insights into Novelty Insurance Brokers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report Banner Element

Who are the key members and board of directors at Novelty Insurance Brokers Limited?

Current Directors

NameDesignationAppointment DateStatus
Rajesh ChopraDirector28 Mar 2006Current
Kasturi Bhagat LalDirector28 Mar 2006Current
Parveen GuptaManaging Director10 Aug 2006Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector30 Jan 2016Past
Pramod AbcsddDirector28 Mar 2023Past
Pramod AbcsddDirector28 Mar 2023Past
Pramod AbcsddDirector26 Mar 2007Past
Pramod AbcsddDirector14 Apr 2009Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Novelty Insurance Brokers.

Novelty Insurance Brokers Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 63.25% increase. The company also saw a substantial improvement in profitability, with a 74.14% increase in profit. The company's net worth Soared by an impressive increase of 29.92%.

Novelty Insurance Brokers revenue growth over time
Novelty Insurance Brokers profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
63.25%
Revenue from Operations
63.12%
Total Assets
30.93%
Profit or Loss
74.14%
Net Worth
29.92%
EBITDA
69.32%

What is the Ownership and Shareholding Structure of Novelty Insurance Brokers?

In 2021, Novelty Insurance Brokers had a promoter holding of 55.90% and a public holding of 44.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

Open Charges

₹500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
05 Oct 2020Hdfc Bank Limited₹0.50 MOpen

Explore comprehensive loan charge details -

How Many Employees Work at Novelty Insurance Brokers?

Novelty Insurance Brokers has a workforce of 3 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Novelty Insurance Brokers Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Novelty Insurance Brokers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Novelty Insurance Brokers's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Novelty Insurance Brokers

Recent Activity within the Organization

  • Annual General Meeting

    Progress on Novelty Insurance Brokers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Novelty Insurance Brokers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh. was recorded as a recent event.

  • Charges

    Progress on A charge with Hdfc Bank Limited amounted to Rs. 0.50 M with Charge ID 100398120 was registered on 05 Oct 2020. was documented.

  • Director Appointment

    Parveen Gupta was appointed as a Managing Director was appointed as a Managing Director on 10 Aug 2006 & has been associated with this company since 19 years 3 months . was recorded as a recent event.

  • Director Appointment

    Rajesh Chopra was appointed as a Director was appointed as a Director on 28 Mar 2006 & has been associated with this company since 19 years 8 months . was recorded as a recent event.

  • Director Appointment

    Kasturi Bhagat Lal was appointed as a Director was appointed as a Director on 28 Mar 2006 & has been associated with this company since 19 years 8 months . was recorded as a recent event.

Frequently Asked Questions

  • What is the CIN of Novelty Insurance Brokers Limited?

    The CIN of Novelty Insurance Brokers Limited is U67200PB2003PLC025925.

  • Where is Novelty Insurance Brokers Limited headquartered?

    Novelty Insurance Brokers Limited is headquartered at Iiird Floor Shakti Tower Adjancent Swani Motors B M C Chowk, Jalandhar, Punjab, 144001.

  • When was Novelty Insurance Brokers Limited incorporated?

    Novelty Insurance Brokers Limited was incorporated on 16 April 2003.

  • Who are the current directors of Novelty Insurance Brokers Limited?

    The current directors of Novelty Insurance Brokers Limited are

  • What is the primary industry of Novelty Insurance Brokers Limited?

    The primary industry of Novelty Insurance Brokers Limited is Financial And Insurance Service.

  • Is Novelty Insurance Brokers Limited a listed company?

    Novelty Insurance Brokers Limited is unlisted.

  • What is the capital structure of Novelty Insurance Brokers Limited?

    The authorized capital of Novelty Insurance Brokers Limited is ₹7.50 M, and the paid-up capital is ₹7.50 M.

  • What is the compliance status of Novelty Insurance Brokers Limited?

    The compliance status of Novelty Insurance Brokers Limited is Compliant.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial