Novelty Power & Infratec Limited
About Novelty Power & Infratec Limited
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Novelty Power & Infratec Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 28 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2005PLC150870. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.36 Cr. It was formerly known as Novelty Galvanizer Private Limited and Novelty Power & Infratec Private Limited. It is led by directors including Owais Shakir Nuri (Managing Director) and Shoaib Shakir Nuri (Whole-Time Director).
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 Plot No. 22 Dargah Street Mahim, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.45 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.85 Lakh (net margin -6.6%) and EBITDA of ₹27.26 Lakh (EBITDA margin 62.7%). Revenue has declined at a compounded annual rate (CAGR) of 22% over five years.
As per MCA filings, the company has satisfied charges of ₹232.91 Cr on record. Court records list 82 cases involving the company, including 13 filed by the company and 69 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Novelty Power & Infratec has undergone 2 name changes throughout its history. The company was previously known as Novelty Galvanizer Private Limited, and Novelty Power & Infratec Private Limited. The current legal name is Novelty Power & Infratec Limited.
| Company Name | Status |
|---|---|
| Novelty Power & Infratec Limited | Current |
| Novelty Galvanizer Private Limited | Previous |
| Novelty Power & Infratec Private Limited | Previous |
CIN history
Novelty Power & Infratec has one previous CIN (Corporate Identification Number): U27100MH2005PTC150870. The current CIN is U27100MH2005PLC150870, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH2005PLC150870 | Current |
| U27100MH2005PTC150870 | Previous |
Contact details
Novelty Power & Infratec Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 22 Dargah Street Mahim, Mumbai, Maharashtra, India – 400016
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Novelty Power & Infratec 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
Business activity
The main business activity of Novelty Power & Infratec is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Novelty Power & Infratec Limited, buy the company report.
Financials of Novelty Power & Infratec Limited
FY 2024 filings availableNovelty Power & Infratec Limited reported revenue of ₹43.45 Lakh (up 43353% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years. EBITDA rose 498% 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 | ₹27.26 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹2.85 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.7% | ||||
| Net Profit Margin | -6.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Novelty Power & Infratec Limited, buy the company report.
Board of directors of Novelty Power & Infratec Limited
Novelty Power & Infratec has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Owais Shakir Nuri Also directs: Sarvom Steels Private Limited, Sara Transmission & Power Private Limited, Nuri Investment Private Limited and 1 more | Managing Director | 28 Jan 2005 | 21 Years 9 Months | Current |
| Ishrat Shakir Nuri | Additional Director | 01 Apr 2021 | 5 Years 7 Months | Current |
| Shoaib Shakir Nuri Also directs: Sarvom Steels Private Limited, Sara Transmission & Power Private Limited, Nuri Investment Private Limited and 1 more | Whole-Time Director | 28 Jan 2005 | 21 Years 9 Months | Current |
Auditor
Novelty Power & Infratec Limited is audited by J H GHUMARA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J H GHUMARA & CO | FY 2021 | 103185W |
Shareholding
The shareholding of Novelty Power & Infratec Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novelty Power & Infratec Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2011 | 10288063 | Edelweiss Asset Reconstruction Company Limited | ₹3 Cr | Satisfied | |
| 23 Aug 2010 | 10244976 | Edelweiss Asset Reconstruction Company Limited | ₹1.5 Cr | Satisfied | |
| 18 Mar 2010 | 10211850 | Edelweiss Asset Reconstruction Company Limited | ₹3 Cr | Satisfied | |
| 03 Sep 2009 | 10178598 | Others | ₹6.96 Cr | Satisfied | |
| 03 Sep 2009 | 10178599 | Others | ₹49.8 Cr | Satisfied |
To see the full charge records of Novelty Power & Infratec Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Novelty Power & Infratec Limited has 82 court cases on record: 13 filed by Novelty Power & Infratec, 69 filed against it. 5 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 57 | 4 |
| High courts | 16 | 12 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 82)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Maharashtra State Electricity Distribution Co. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against Siya Alloys Pvt.Ltd. and 1 other | Pending |
| Bombay High Court | Writ petition | Filed against the company by Mahavir Steel Industries Limited Through Mr. Vishal Mistry | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Siya Alloys Pvt.Ltd. and 1 other | Disposed |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by S. E. Investments Ltd. | Disposed |
To see the full case history of Novelty Power & Infratec 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 Novelty Power & Infratec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novelty Power & Infratec has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Novelty Power & Infratec Limited, buy the company report.
Recent activity
Novelty Power & Infratec Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Ishrat Shakir Nuri was appointed as Additional Director on 01 Apr 2021.
39 earlier events are in the company report.
Frequently asked questions
Novelty Power & Infratec is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 28 January 2005 (21+ years old) and is registered under CIN U27100MH2005PLC150870.
Novelty Power & Infratec has 3 current directors:
- Owais Shakir Nuri - Managing Director
- Shoaib Shakir Nuri - Whole-Time Director
- Ishrat Shakir Nuri - Additional Director
The latest financial statements of Novelty Power & Infratec on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Novelty Power & Infratec has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Novelty Power & Infratec is U27100MH2005PLC150870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novelty Power & Infratec has 82 court cases on record: 13 filed by the company and 69 filed against it. 5 are pending. Most are in the district courts.
Novelty Power & Infratec was incorporated on 28 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Ishrat Shakir Nuri was appointed as Additional Director on 01 Apr 2021. Owais Shakir Nuri ceased to be Director on 01 Apr 2009. Shakir Umer Nuri ceased to be Director on 01 Apr 2009. Novelty Power & Infratec has 6 board changes on record in total.
The registered office of Novelty Power & Infratec is at Plot No. 22 Dargah Street Mahim, Mumbai, Maharashtra, India – 400016.
Novelty Power & Infratec operates in the engineering industry, in the metal foundry and fabrication services segment.
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