Novem Advisors Private Limited

Novem Advisors Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U93000MH2017PTC293828 Incorporated 13 April 2017 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services MSME · Micro
Data last updated
Revenue · FY 2025
₹5.08 Cr
▲ 89% YoY
Net profit · FY 2025
₹1 Cr
Net margin 19.8%
EBITDA · FY 2025
₹1.33 Cr
EBITDA margin 26.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered

About Novem Advisors Private Limited

Data last updated:

Novem Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 13 April 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2017PTC293828. Its GSTIN is 27AAFCN5892F1Z4 (Maharashtra).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shrenik Kishorbhai Vora and Hema Shrenik Vora.

Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1007 C Wing Navnit Chs Bhardawadi Road Ambivali Near Mcgm Office Andheri West, Mumbai, Maharashtra, India – 400058.

As per the financials filed for FY 2025, the company reported a revenue of ₹5.08 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net profit of ₹1 Cr (net margin 19.8%) and EBITDA of ₹1.33 Cr (EBITDA margin 26.3%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 25% over five years.

Court records list 1 case involving the company, including 1 filed by the company.

Novem Advisors Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0062751). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novemadvisors.com.

Company details

CIN U93000MH2017PTC293828
Registration Number 293828
Incorporation Date 13 April 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0062751
Key People
Shrenik Kishorbhai Vora Director Hema Shrenik Vora Director

Recognitions & Rankings of Novem Advisors

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-18-0062751

Contact details

Novem Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is novemadvisors.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    novemadvisors.com
  • Registered Address
    1007 C Wing Navnit Chs Bhardawadi Road Ambivali Near Mcgm Office Andheri West, Mumbai, Maharashtra, India – 400058
  • Industry
    Financial Services, Diversified Financial Services

To see the full contact details of Novem Advisors Private Limited, buy the company report.

Comprehensive company report
Novem Advisors 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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Business activity

The main business activity of Novem Advisors is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Novem Advisors Private Limited, buy the company report.

Financials of Novem Advisors Private Limited

FY 2025 filings available

Novem Advisors Private Limited reported revenue of ₹5.08 Cr (up 89% YoY) for FY 2025.

Revenue · FY 2025
₹5.08 Cr ▲ 89%
Net profit · FY 2025
₹1 Cr margin 19.8%
EBITDA · FY 2025
₹1.33 Cr margin 26.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 89%
3 years · compounded
▲ 43%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 166%
3 years · compounded
▲ 135%
5 years · compounded
▲ 76%

Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 89% growth in the latest year. EBITDA rose 166% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.33 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin26.3%
Net Profit Margin19.8%
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

To see the full financial statements and ratios of Novem Advisors Private Limited, buy the company report.

Board of directors of Novem Advisors Private Limited

Novem Advisors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shrenik Kishorbhai Vora
Also directs: Novem Financial Services LLP, Money Sutra Consultants LLP, Gem Aromatics Limited
Director05 Feb 20206 Years 9 MonthsCurrent
Hema Shrenik VoraDirector01 Jun 20215 Years 5 MonthsCurrent
View all directors

Peer comparison

Novem Advisors Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Swaraj Shares & Securities Private Limited₹5.1 Cr (FY 2024)130.0%Kolkata, West Bengal, India
Novem Advisors Private Limitedthis company₹5.08 Cr (FY 2025)₹1 Cr19.8%89.0%Mumbai, Maharashtra, India
Haridream Solutions Private Limited₹5.08 Cr (FY 2024)-23.0%Rohtak, Haryana, India
Borkar Consultancy Services Private Limited₹5.05 Cr (FY 2024)12.0%Goa, India

To see the full peer comparison of Novem Advisors Private Limited, buy the company report.

Auditor

Novem Advisors Private Limited is audited by Milind P Shah for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Milind P ShahFY 2023107119

Shareholding

The shareholding of Novem Advisors 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Novem Advisors Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Novem Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Novem Advisors has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAFCN5892F1Z4MaharashtraActive27 Jul 2017

To see the full GST registrations and return filing status of Novem Advisors Private Limited, buy the company report.

Recent activity

Novem Advisors Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Kishor Himatlal Vora ceased to be Director on 16 Jun 2021.

AGM
Novem Advisors Private Limited last Annual general meeting of members was held on 01 Sep 2025 as per latest MCA records.
Filing
Novem Advisors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kishor Himatlal Vora ceased to be Director.
Appointed
Hema Shrenik Vora was appointed as Director.
Ceased
Hema Shrenik Vora ceased to be Director.
Appointed
Shrenik Kishorbhai Vora was appointed as Director.
Incorporation
13 Apr 2017
Novem Advisors Private Limited was registered on 13 Apr 2017 with Roc Mumbai & aged 9 years 6 months as per MCA records.

Frequently asked questions

Novem Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 13 April 2017 (9+ years old) and is registered under CIN U93000MH2017PTC293828.

Novem Advisors has 2 current directors:

The latest financial statements of Novem Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Novem Advisors is 27AAFCN5892F1Z4, registered in Maharashtra.

The CIN (Corporate Identification Number) of Novem Advisors is U93000MH2017PTC293828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Novem Advisors has 1 court case on record: 1 filed by the company.

Novem Advisors was incorporated on 13 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Novem Advisors by revenue are Swaraj Shares & Securities Private Limited, Haridream Solutions Private Limited, Borkar Consultancy Services Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).

Kishor Himatlal Vora ceased to be Director on 16 Jun 2021. Hema Shrenik Vora was appointed as Director on 01 Jun 2021. Hema Shrenik Vora ceased to be Director on 05 Feb 2020. Novem Advisors has 4 board changes on record in total.

Yes, Novem Advisors is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0062751).

Novem Advisors can be reached through the website novemadvisors.com. Its registered office is in Mumbai, Maharashtra, India.