About Novelty Wheels Private Limited
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Novelty Wheels Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 07 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50404PB2017PTC046703. Its GSTIN is 03AAFCN6961M1Z3 (Punjab).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8 Cr. It is led by directors Luvtesh Singh and Amitesh Singh.
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 First Floor Novelty Hyundai Near New Amritsar G.T. Road, Punjab, India – 143001.
As per the financials filed for FY 2025, the company reported a revenue of ₹573.42 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹4.4 Cr (net margin 0.8%) and EBITDA of ₹12.25 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 45% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹152.11 Cr and satisfied charges of ₹6.05 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website noveltywheelsmahindra.com.
Company details
Contact details
Novelty Wheels Private Limited's registered office is in Amritsar, Punjab. Its website is noveltywheelsmahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFirst Floor Novelty Hyundai Near New Amritsar G.T. Road, Punjab, India – 143001
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Novelty Wheels 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
Business activity
The main business activity of Novelty Wheels is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Novelty Wheels Private Limited, buy the company report.
Financials of Novelty Wheels Private Limited
FY 2024 filings availableNovelty Wheels Private Limited reported revenue of ₹573.42 Cr (up 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 64% growth in the latest year. EBITDA rose 58% 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 | ₹12.25 Cr | ||||
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| Net Profit (PAT) | ₹4.4 Cr | ||||
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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 | 2.1% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Novelty Wheels Private Limited, buy the company report.
Board of directors of Novelty Wheels Private Limited
Novelty Wheels has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Luvtesh Singh Also directs: Eco Friendly Energies LLP, Novelty Automobiles LLP, Novelty Associates Private Limited and 5 more | Director | 07 Jul 2017 | 9 Years 3 Months | Current |
| Amitesh Singh Also directs: Eco Friendly Energies LLP, Novelty Automobiles LLP, Novelty Associates Private Limited and 5 more | Director | 07 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Novelty Wheels Private Limited is compared with the 7 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veerprabhu Marketing Ltd | ₹579.44 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India | |||
| Shiva Scooter Agencies Private Limited | ₹578.82 Cr (FY 2025) | 27.0% | Uttar Pradesh, India | |||
| Jpa Motors Private Limited | ₹576.69 Cr (FY 2025) | 73.0% | Amritsar, Punjab, India | |||
| Novelty Wheels Private Limitedthis company | ₹573.42 Cr (FY 2025) | ₹4.4 Cr | 0.8% | 64.0% | 58 | Amritsar, Punjab, India |
| Jaika Automobiles and Finance Pvt Ltd | ₹572.11 Cr (FY 2025) | -12.0% | Nagpur, Maharashtra, India | |||
| Jagmohan Automotives Private Limited | ₹568.79 Cr (FY 2025) | 11.0% | Sonipat, Haryana, India | |||
| Ocean Motors Private Limited | ₹567.98 Cr (FY 2025) | 6.0% | Indore, Madhya Pradesh, India | |||
| Kataria Motors Private Limited | ₹566.44 Cr (FY 2024) | 28.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Novelty Wheels Private Limited, buy the company report.
Auditor
Novelty Wheels Private Limited is audited by G.S. SYAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.S. SYAL & CO. | FY 2023 | 000457N |
Shareholding
The shareholding of Novelty Wheels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novelty Wheels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101189784 | Others | ₹25 Cr | Open | |
| 21 Feb 2025 | 101097295 | Others | ₹27 Cr | Open | |
| 19 Feb 2025 | 101061915 | Axis Bank Limited | ₹12 Cr | Open | |
| 29 Nov 2024 | 101014024 | Yes Bank Limited | ₹20 Cr | Open | |
| 28 Sep 2024 | 101005649 | Others | ₹10 Cr | Open |
To see the full charge records of Novelty Wheels Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Novelty Wheels Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Court case (CRWP) | Filed against the company by an individual | Disposed |
To see the full case history of Novelty Wheels 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 Novelty Wheels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novelty Wheels Private Limited has a workforce of 58 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Novelty Wheels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCN6961M1Z3 | Punjab | Active | 10 Nov 2017 |
To see the full GST registrations and return filing status of Novelty Wheels Private Limited, buy the company report.
Recent activity
Novelty Wheels Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Amitesh Singh was appointed as Director on 07 Jul 2017.
23 earlier events are in the company report.
Frequently asked questions
Novelty Wheels is an active private limited company based in Amritsar, Punjab, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 07 July 2017 (9+ years old) and is registered under CIN U50404PB2017PTC046703.
Novelty Wheels has 2 current directors:
- Luvtesh Singh - Director
- Amitesh Singh - Director
The latest financial statements of Novelty Wheels 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 FY 2018 are in the company report.
The GSTIN of Novelty Wheels is 03AAFCN6961M1Z3, registered in Punjab.
The CIN (Corporate Identification Number) of Novelty Wheels is U50404PB2017PTC046703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novelty Wheels has 1 court case on record: 1 filed against it.
Novelty Wheels was incorporated on 07 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Novelty Wheels by revenue are Veerprabhu Marketing Ltd, Shiva Scooter Agencies Private Limited, Jpa Motors Private Limited, Jaika Automobiles and Finance Pvt Ltd, Jagmohan Automotives Private Limited and 2 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Amitesh Singh was appointed as Director on 07 Jul 2017. Luvtesh Singh was appointed as Director on 07 Jul 2017.
Novelty Wheels can be reached through the website noveltywheelsmahindra.com. Its registered office is in Amritsar, Punjab, India.
The registered office of Novelty Wheels is at First Floor Novelty Hyundai Near New Amritsar G.T. Road, Punjab, India – 143001.
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