Novo Insurance Broking Services Private Limited - Company Profile

It is a financial services private limited company based in Begumpet, Telangana, India, established in 2018.
2018 Begumpet, Telangana, India Active
Last Updated:
Access Report
About Novo Insurance Broking Services Private Limited

Novo Insurance Broking Services Private Limited, a active private limited company, was established on 24 July 2018 in Begumpet, Telangana, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U66000TG2018PTC125815. Registered under ROC Roc Hyderabad. it is unlisted. It has an authorized capital of ₹11.00 Cr and a paid-up capital of ₹5.63 Cr.

It upholds a compliant status. Employing 92 professional, Its leadership includes Syam Babu Pilli (Director), Chandra Sekhar Parvatham (Whole-Time Director), Suresh Nannimangalam Balakrishnan (Director). Past directors included Srinivasan Vedala, Padma Pinnamaneni, Pullayya Sanku. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at Flat No.4C, Muncipal No. 6-3-1218/6, 4Th Floor, Macherla Apartments, Uma Naga, R,, Begumpet, Telangana, 500016.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U66000TG2018PTC125815

  • Registration Number

    125815

  • Incorporation Date

    24 July 2018

  • Authorized Capital

    ₹11.00 Cr

  • Paid-Up Capital

    ₹5.63 Cr

  • ROC Code

    Roc Hyderabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 11.00 Cr
  • Paid Up Capital ₹ 5.63 Cr
  • Company Age 7 Year, 7 Months
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** 104.77%
  • Profit Growth **** 43.11%
  • Ebitda **** 39.37%
  • Net Worth 123.10%
  • Total Assets **** 111.73%
Company report

Novo Insurance Broking Services Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Novo Insurance Broking Services Private 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
Who are the key members and board of directors at Novo Insurance Broking Services Private Limited?
Current Directors
Name Designation Appointment Date Status
Syam Babu Pilli Director 13 Nov 2021 Current
Chandra Sekhar Parvatham Whole-Time Director 24 Jul 2018 Current
Suresh Nannimangalam Balakrishnan Director 14 Sep 2024 Current
Subba Raju Bhupatiraju Director 25 Jul 2023 Current
Subbarao Pinnamaneni Director 15 Mar 2021 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 06 Jul 2021 Past
Pramod Abcsdd Director 15 Mar 2021 Past
Pramod Abcsdd Additional Director 22 Oct 2019 Past
Pramod Abcsdd Director 09 Aug 2018 Past
Pramod Abcsdd Director 27 Jan 2020 Past
Pramod Abcsdd Additional Director 01 Sep 2023 Past

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

Financial Performance of Novo Insurance Broking Services.

Novo Insurance Broking Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 104.77% increase. The company also saw a substantial improvement in profitability, with a 43.11% increase in profit. The company's net worth Soared by an impressive increase of 123.1%.

Novo Insurance Broking Services revenue growth over time
Novo Insurance Broking Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
********
 104.77%
*******
*******
*******
*******
Revenue from Operations
*******
 107.88%
*******
*******
*******
*******
Total Assets
*******
 111.73%
*******
*******
*******
*******
Profit or Loss
*******
 43.11%
*******
*******
*******
*******
Net Worth
*******
 123.10%
*******
*******
*******
*******
EBITDA
*******
 39.37%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Novo Insurance Broking Services?

In 2023, Novo Insurance Broking Services had a promoter holding of 61.73% and a public holding of 38.27%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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

How Many Employees Work at Novo Insurance Broking Services?

Novo Insurance Broking Services has a workforce of 92 employees as of Mar 23, 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 Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Novo Insurance Broking Services, 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 Novo Insurance Broking Services'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.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Novo Insurance Broking Services
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Novo Insurance Broking Services Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Novo Insurance Broking Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad. was recorded as a recent event.

  • Director Appointment

    Suresh Nannimangalam Balakrishnan was appointed as a Director was appointed as a Director on 14 Sep 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.

  • Director Appointment

    Subba Raju Bhupatiraju was appointed as a Director was appointed as a Director on 25 Jul 2023 & has been associated with this company since 2 years 7 months . was recorded as a recent event.

  • Director Appointment

    The activity Syam Babu Pilli was appointed as a Director was appointed as a Director on 13 Nov 2021 & has been associated with this company since 4 years 4 months . was completed.

  • Director Appointment

    The activity Subbarao Pinnamaneni was appointed as a Director was appointed as a Director on 15 Mar 2021 & has been associated with this company since 5 years 6 days . was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Novo Insurance Broking Services Private Limited?

The CIN of Novo Insurance Broking Services Private Limited is U66000TG2018PTC125815.

Where is Novo Insurance Broking Services Private Limited headquartered?

Novo Insurance Broking Services Private Limited is headquartered at Flat No.4C, Muncipal No. 6-3-1218/6, 4Th Floor, Macherla Apartments, Uma Naga, R,, Begumpet, Telangana, 500016.

When was Novo Insurance Broking Services Private Limited incorporated?

Novo Insurance Broking Services Private Limited was incorporated on 24 July 2018.

Who are the current directors of Novo Insurance Broking Services Private Limited?

The current directors of Novo Insurance Broking Services Private Limited are

What is the primary industry of Novo Insurance Broking Services Private Limited?

The primary industry of Novo Insurance Broking Services Private Limited is Financial And Insurance Service.

Is Novo Insurance Broking Services Private Limited a listed company?

Novo Insurance Broking Services Private Limited is unlisted.

What is the capital structure of Novo Insurance Broking Services Private Limited?

The authorized capital of Novo Insurance Broking Services Private Limited is ₹11.00 Cr, and the paid-up capital is ₹5.63 Cr.

What is the compliance status of Novo Insurance Broking Services Private Limited?

The compliance status of Novo Insurance Broking Services Private Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available