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Novelworx Digital Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.47 Cr
▲ 43% YoY
Net profit · FY 2024
₹20.93 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹26.51 Lakh
EBITDA margin 2.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
432
Provident fund records
Directors on board
2
As per MCA filings
About Novelworx Digital Solutions Private Limited
Data last updated:
Novelworx Digital Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC123153. Its GSTIN is 29AAGCN4836J1Z0 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Archana Balaji Bhat and Gopal Sundaresh.
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 S515 South Block Manipal Centre 47 Dickenson Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.47 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹20.93 Lakh (net margin 1.8%) and EBITDA of ₹26.51 Lakh (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years.
The company has about 432 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Novelworx.
Novelworx Digital Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0073759). For more details, the company can be reached via its website novelworx.io.
Company details
CIN U74999KA2019PTC123153
Registration Number 123153
Incorporation Date 03 April 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0073759
Recognitions & Rankings of Novelworx Digital Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0073759
Contact details
Novelworx Digital Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is novelworx.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS515 South Block Manipal Centre 47 Dickenson Road, Bangalore, Karnataka, India – 560042
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Novelworx Digital Solutions Private Limited, buy the company report.
Comprehensive company report
Novelworx Digital Solutions Private Limited - one report that includes everything
- 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
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Brands
Novelworx Digital Solutions operates one associated brand: Novelworx. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers tech recruitment, HR outsourcing, digital services, and data analytics solutions. | novelworx.io |
Business activity
The main business activity of Novelworx Digital Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Novelworx Digital Solutions Private Limited, buy the company report.
Financials of Novelworx Digital Solutions Private Limited
FY 2024 filings availableNovelworx Digital Solutions Private Limited reported revenue of ₹11.47 Cr (up 43% YoY) for FY 2024.
Revenue · FY 2024
₹11.47 Cr ▲ 43%
Net profit · FY 2024
₹20.93 Lakh margin 1.8%
EBITDA · FY 2024
₹26.51 Lakh margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 84%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 45%
Revenue has grown at a compounded annual rate (CAGR) of 84% over three years, including 43% growth in the latest year. EBITDA rose 59% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹26.51 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹20.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Novelworx Digital Solutions Private Limited, buy the company report.
Board of directors of Novelworx Digital Solutions Private Limited
Novelworx Digital Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Archana Balaji Bhat | Director | 21 Aug 2021 | 5 Years 2 Months | Current |
| Gopal Sundaresh Also directs: Gomanchal Dairy Products Private Limited, Fair Growth Factors Limited, Calana Ventures Private Limited and 1 more | Additional Director | 31 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Novelworx Digital Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharti (RBM) Holdings Private Limited | ₹11.6 Cr (FY 2025) | -8.0% | Haryana, India | |||
| Mumbai Art Fair Private Limited | ₹11.58 Cr (FY 2024) | Mumbai, Maharashtra, India | ||||
| Make Peace Properties Private Limited | ₹11.5 Cr (FY 2021) | 498.0% | Mumbai, Maharashtra, India | |||
| Sorrel Hospitality Private Limited | ₹11.49 Cr (FY 2024) | 9.0% | New Delhi, Delhi, India | |||
| Willsree Technologies Private Limited | ₹11.47 Cr (FY 2024) | 90.0% | Hyderabad, Telangana, India | |||
| Novelworx Digital Solutions Private Limitedthis company | ₹11.47 Cr (FY 2024) | ₹20.93 Lakh | 1.8% | 43.0% | 432 | Bangalore, Karnataka, India |
| TPM Consultants Private Limited | ₹11.3 Cr (FY 2025) | 26.0% | New Delhi, Delhi, India | |||
| Inspire One Consultants Private Limited | ₹11.29 Cr (FY 2024) | 20.0% | New Delhi, Delhi, India | |||
| Endor Software Private Limited | ₹11.27 Cr (FY 2024) | 217.0% | Bangalore, Karnataka, India | |||
| Proaffluence Associates Private Limited | ₹11.27 Cr (FY 2025) | 55.0% | Vashi Navi Mumbai, Maharashtra, India | |||
| Alea International Consulting Private Limited | ₹11.25 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Novelworx Digital Solutions Private Limited, buy the company report.
Auditor
Novelworx Digital Solutions Private Limited is audited by P CHANDRASEKAR LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P CHANDRASEKAR LLP | FY 2021 | 000580S |
Shareholding
The shareholding of Novelworx Digital Solutions Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Novelworx Digital Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Novelworx Digital Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Novelworx Digital Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novelworx Digital Solutions Private Limited has a workforce of 432 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
432
Active EPFO establishments
1
Employee growth
30.51%
GST
Novelworx Digital Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCN4836J1Z0 | Karnataka | Active | 20 Jun 2019 |
To see the full GST registrations and return filing status of Novelworx Digital Solutions Private Limited, buy the company report.
Recent activity
Novelworx Digital Solutions Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Archana Balaji Bhat was appointed as Director on 21 Aug 2021.
AGM
Novelworx Digital Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Novelworx Digital Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Archana Balaji Bhat was appointed as Director.
Ceased
Namratha Balaji Bhat ceased to be Director.
Ceased
Krishna Pai Suresh Pai ceased to be Managing Director.
Appointed
Gopal Sundaresh was appointed as Additional Director.
Incorporation
03 Apr 2019
Novelworx Digital Solutions Private Limited was registered on 03 Apr 2019 with Roc Bangalore & aged 7 years 7 months as per MCA records.
Frequently asked questions
Novelworx Digital Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 April 2019 (7+ years old) and is registered under CIN U74999KA2019PTC123153.
Novelworx Digital Solutions has 2 current directors:
- Archana Balaji Bhat - Director
- Gopal Sundaresh - Additional Director
The latest financial statements of Novelworx Digital Solutions 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 2020 are in the company report.
The GSTIN of Novelworx Digital Solutions is 29AAGCN4836J1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Novelworx Digital Solutions is U74999KA2019PTC123153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novelworx Digital Solutions was incorporated on 03 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Novelworx Digital Solutions by revenue are Bharti (RBM) Holdings Private Limited, Mumbai Art Fair Private Limited, Make Peace Properties Private Limited, Sorrel Hospitality Private Limited, Willsree Technologies Private Limited and 5 more, all in the same principal business activity (management consultancy activities).
Archana Balaji Bhat was appointed as Director on 21 Aug 2021. Namratha Balaji Bhat ceased to be Director on 21 Aug 2021. Krishna Pai Suresh Pai ceased to be Managing Director on 30 Apr 2020. Novelworx Digital Solutions has 4 board changes on record in total.
Yes, Novelworx Digital Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Novelworx Digital Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0073759).
Novelworx Digital Solutions can be reached through the website novelworx.io. Its registered office is in Bangalore, Karnataka, India.
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