About Novus Ventures Private Limited
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Novus Ventures Private Limited was a private limited company based in Mumbai, Maharashtra, 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 support services segment of the services sector. It was incorporated on 20 May 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC255288. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Mohd Amin Abdul Kadar Memon and Mohammed Rizwan Abdul Kadar Memon.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 203 Om House 40 National Library Road Bandra (W), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2021, the company reported a revenue of ₹11,058, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹33,134 (net margin -299.6%) and EBITDA of -₹23,108 (EBITDA margin -209%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 67% over five years.
The company was associated with 2 brands: Novus Ventures and EventBaba.
The last known website on record is novusventures.in.
Company details
Contact details
Novus Ventures Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address203 Om House 40 National Library Road Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryService, Other Support Services
To see the full contact details of Novus Ventures 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
Brands
Novus Ventures operates two associated brands: Novus Ventures and EventBaba. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand development, design, and technology services offered in Mumbai. | novusventures.in | |
| Functions as an online job portal for freelancers and part-time work seekers. | eventbaba.com |
Financials of Novus Ventures Private Limited
FY 2021 filings availableNovus Ventures Private Limited reported revenue of ₹11,058 (down 73% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 73% fall in the latest year. EBITDA rose 43% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11,058 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹23,108 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33,134 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -209% | ||||
| Net Profit Margin | -299.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Novus Ventures Private Limited, buy the company report.
Board of directors of Novus Ventures Private Limited
Novus Ventures has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohd Amin Abdul Kadar Memon | Director | 20 May 2014 | 12 Years 5 Months | As last reported |
| Mohammed Rizwan Abdul Kadar Memon | Director | 20 May 2014 | 12 Years 5 Months | As last reported |
Auditor
Novus Ventures Private Limited is audited by D. V. Sathe & Co. Chartered Accountants for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D. V. Sathe & Co. Chartered Accountants | FY 2021 | 109302W |
Shareholding
The shareholding of Novus Ventures Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Novus Ventures Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Novus Ventures 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
Novus Ventures Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bhagyadin Consultants Private Limited |
To see the full MSME payment records of Novus Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Novus Ventures has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Novus Ventures Private Limited, buy the company report.
Recent activity
Novus Ventures Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Mohammed Rizwan Abdul Kadar Memon was appointed as Director on 20 May 2014.
Frequently asked questions
Novus Ventures 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.
Novus Ventures was a private limited company based in Mumbai, Maharashtra, India. The company worked in other support services, within the service industry. It was incorporated on 20 May 2014 and is registered under CIN U74999MH2014PTC255288. The company has been struck off by the Registrar of Companies and is no longer operational.
Novus Ventures had 2 directors:
- Mohd Amin Abdul Kadar Memon - Director
- Mohammed Rizwan Abdul Kadar Memon - Director
The CIN (Corporate Identification Number) of Novus Ventures is U74999MH2014PTC255288. 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 Novus Ventures is at 203 Om House 40 National Library Road Bandra W, Mumbai, Maharashtra, India – 400050.
Novus Ventures was incorporated on 20 May 2014. It is registered with the Registrar of Companies, Mumbai.
Novus Ventures can be reached through the website novusventures.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Novus Ventures on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
No. Novus Ventures has 1 GST registration on record and it is cancelled or inactive.
Novus Ventures operated in the service industry, in the other support services segment. It worked in this industry before it was struck off.
Novus Ventures has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 31 May 2019.
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