About Novotus Information Technology Private Limited
Data last updated:
Novotus Information Technology Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 February 2012.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB2012PTC173429. Its GSTIN is 19AAKCA1917D2ZU (West Bengal). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Kashyap Hitech Information Technology Private Limited and Kit Infotechnology Private Limited. It was led by directors Dhiraj Jaiswal and Kshitiz Jaiswal.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Arch Waterfront 11th Floor Plot No. F – 4 Block Gp Sector V Salt Lake City (Bidhan Nagar), Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.43 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹2.54 Lakh (net margin 0.7%) and EBITDA of ₹33.08 Lakh (EBITDA margin 9.6%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 2 cases are pending.
The last known website on record is novotus.co.in.
Company details
Name history
Novotus Information Technology has undergone 7 name changes throughout its history. The current legal name is Novotus Information Technology Private Limited.
| Company Name | Status |
|---|---|
| Novotus Information Technology Private Limited | Current |
| Kashyap Hitech Information Technology Private Limited | Previous |
| Kit Infotechnology Private Limited | Previous |
| Kee Information Technology Private Limited | Previous |
| Arjunaa Internet Security Private Limited | Previous |
| Kit Infotech Private Limited | Previous |
| Kashyap Infinitz Technology Private Limited | Previous |
| Kee Infotechnology Private Limited | Previous |
Contact details
Novotus Information Technology Private Limited's registered office is in Kolkata, West Bengal. Its website is novotus.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressArch Waterfront 11th Floor Plot No. F – 4 Block Gp Sector V Salt Lake City (Bidhan Nagar), Kolkata, West Bengal, India – 700091
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Novotus Information Technology 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 Novotus Information Technology is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Novotus Information Technology Private Limited, buy the company report.
Financials of Novotus Information Technology Private Limited
FY 2018 filings availableNovotus Information Technology Private Limited reported revenue of ₹3.43 Cr (down 47% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 47% fall in the latest year. EBITDA fell 60% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.43 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹33.08 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.54 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.6% | |||
| Net Profit Margin | 0.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Novotus Information Technology Private Limited, buy the company report.
Board of directors of Novotus Information Technology Private Limited
Novotus Information Technology has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhiraj Jaiswal | Additional Director | 21 Feb 2017 | 9 Years 8 Months | As last reported |
| Kshitiz Jaiswal | Additional Director | 01 Nov 2017 | 8 Years 11 Months | As last reported |
Auditor
Novotus Information Technology Private Limited is audited by DEBASISH ROY & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEBASISH ROY & ASSOCIATES | FY 2018 | 330067E |
Shareholding
The shareholding of Novotus Information Technology Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Novotus Information Technology Private Limited, buy the company report.
Legal cases
Novotus Information Technology Private Limited has 7 court cases on record: 2 filed by Novotus Information Technology, 5 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by The Federal Bank Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Icici Bank Limited | Disposed |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against Unital Derect Limited Company | Disposed |
| Calcutta High Court | Court case (FMAT) | Filed by the company against M/S. Unital Direct Ltd. | Disposed |
To see the full case history of Novotus Information Technology 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 Novotus Information Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novotus Information Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAKCA1917D2ZU | West Bengal | Active | 20 Feb 2018 |
To see the full GST registrations and return filing status of Novotus Information Technology Private Limited, buy the company report.
Recent activity
Novotus Information Technology Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Kshitiz Jaiswal was appointed as Additional Director on 01 Nov 2017.
Frequently asked questions
Novotus Information Technology has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Novotus Information Technology was a private limited company based in Kolkata, West Bengal, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 02 February 2012 and is registered under CIN U72900WB2012PTC173429. The company has been struck off by the Registrar of Companies and is no longer operational.
Novotus Information Technology had 2 directors:
- Dhiraj Jaiswal - Additional Director
- Kshitiz Jaiswal - Additional Director
The CIN (Corporate Identification Number) of Novotus Information Technology is U72900WB2012PTC173429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Novotus Information Technology is at Arch Waterfront 11th Floor Plot No. F – 4 Block Gp Sector V Salt Lake City Bidhan Nagar, Kolkata, West Bengal, India – 700091.
Novotus Information Technology was incorporated on 02 February 2012. It is registered with the Registrar of Companies, Kolkata.
Novotus Information Technology can be reached through the website novotus.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Novotus Information Technology on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Novotus Information Technology is 19AAKCA1917D2ZU, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Novotus Information Technology operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.