Startup India Government of India
Nuveq Engineers Private Limited - machinery and equipment in Karjan, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.27 Cr
▲ 13% YoY
Net profit · FY 2025
₹8.63 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹25.5 Lakh
EBITDA margin 7.8%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹1.67 Lakh
Issued & subscribed
Open charges
₹1.69 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
5
Provident fund records
About Nuveq Engineers Private Limited
Data last updated:
Nuveq Engineers Private Limited is a private limited company based in Karjan, Gujarat, India, recognised as a startup by DPIIT. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 06 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93090GJ2018PTC103932. Its GSTIN is 24AAGCN1869B1ZO (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1.67 Lakh. It is led by directors Kruti Dhaval Soni and Krunal Soni Vasantbhai.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 225 Horizon Industrial Park, Karjan, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.27 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹8.63 Lakh (net margin 2.6%) and EBITDA of ₹25.5 Lakh (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 187% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.69 Cr on record.
Nuveq Engineers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003286). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nuveq.in.
Company Details of Nuveq Engineers Private Limited
CIN U93090GJ2018PTC103932
Registration Number 103932
Incorporation Date 06 September 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0003286
Recognitions & Rankings of Nuveq Engineers
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0003286
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address225 Horizon Industrial Park, NH – 48 Bamangam, Karjan, Gujarat, India – 391210
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
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Business Activity of Nuveq Engineers Private Limited
The main business activities of Nuveq Engineers are professional, scientific and technical and trade. In detail, this covers specialized design & photographic activities, other professional, scientific and technical activities and retail trading. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M7 | Specialized Design & Photographic activities | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Nuveq Engineers Private Limited FY 2025 filings available
Nuveq Engineers Private Limited reported revenue of ₹3.27 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹3.27 Cr ▲ 13%
Net profit · FY 2025
₹8.63 Lakh margin 2.6%
EBITDA · FY 2025
₹25.5 Lakh margin 7.8%
Compounded Annual Growth Rate (CAGR) of Nuveq Engineers Private Limited
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 16%
5 years · compounded
▲ 187%
EBITDA CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 87%
5 years · compounded
▲ 153%
Revenue has grown at a compounded annual rate (CAGR) of 187% over five years, including 13% growth in the latest year. EBITDA rose 61% 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 of Nuveq Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹25.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.63 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 of Nuveq Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Nuveq Engineers are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Board of Directors of Nuveq Engineers Private Limited
Nuveq Engineers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kruti Dhaval Soni | Director | 04 Oct 2020 | 6 Years 0 Months | Current |
| Krunal Soni Vasantbhai | Director | 06 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Nuveq Engineers Private Limited
Nuveq Engineers Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gemini Shreevas (Engineers) Private Limited | ₹3.41 Cr (FY 2017) | •••• | •••• | -20.0% | •••• | Chennai, Tamil Nadu, India |
| Gem Air Compressor (India) Private Limited | ₹3.35 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Ahmedabad, Gujarat, India |
| Ductfab Equipments Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Thane, Maharashtra, India |
| Cool Stop (India) Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Vihans Airconditioning Private Limited | ₹3.27 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Nuveq Engineers Private Limited this company | ₹3.27 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Karjan, Gujarat, India |
| Enggtemp Innovation Private Limited | ₹3.25 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Ahmedabad, Gujarat, India |
| Saravanaa Aircon Private Limited | ₹3.24 Cr (FY 2025) | •••• | •••• | 239.0% | •••• | Chennai, Tamil Nadu, India |
| Climate Consulting Services India Private Limited | ₹3.21 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | New Delhi, Delhi, India |
| Technochill Innovations Private Limited | ₹3.2 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Thane, Maharashtra, India |
| Durga Airconditioning Private Limited | ₹3.19 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Nuveq Engineers by revenue in the Machinery and Equipment industry (Compressors), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Nuveq Engineers Private Limited
Nuveq Engineers Private Limited is audited by AMAN & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMAN & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Nuveq Engineers Private Limited
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Charges & Borrowings of Nuveq Engineers Private Limited
Open charges
₹1.69 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2023 | Uco Bank | ₹50 Lakh | Open |
| 06 Aug 2022 | Uco Bank | ₹1.19 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Nuveq Engineers Private Limited
Nuveq Engineers Private Limited has a workforce of 5 employees as of Apr 08, 2024.
Employee count
5
Active EPFO establishments
1
Employee growth
-37.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Nuveq Engineers Private Limited
Nuveq Engineers Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Kruti Dhaval Soni was appointed as Director on 04 Oct 2020.
Charges
A charge with Uco Bank of Rs. 118.97 Lakh registered on 06 Aug 2022 with Charge ID 100633614 was modified on 25 Nov 2025.
AGM
Nuveq Engineers Private Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Filing
Nuveq Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Uco Bank amounted to Rs. 50.00 Lakh with Charge ID 100816158 was registered on 24 Nov 2023.
Charges
A charge with Uco Bank amounted to Rs. 118.97 Lakh with Charge ID 100633614 was registered on 06 Aug 2022.
Appointed
Kruti Dhaval Soni was appointed as Director.
Ceased
Nihal Bamaniya Senabhai ceased to be Director.
Appointed
Krunal Soni Vasantbhai was appointed as Director.
Incorporation
06 Sep 2018
Nuveq Engineers Private Limited was registered on 06 Sep 2018 with Roc Ahmedabad & aged 8 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Nuveq Engineers Private Limited
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MSME Payment Delays by Nuveq Engineers Private Limited
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Subsidiaries & Group Companies of Nuveq Engineers Private Limited
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GST Compliance of Nuveq Engineers Private Limited
Nuveq Engineers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCN1869B1ZO | Gujarat | Active | 30 Oct 2018 |
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MCA Filings & Documents of Nuveq Engineers Private Limited
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Frequently Asked Questions about Nuveq Engineers Private Limited
Nuveq Engineers is an active private limited company based in Karjan, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 06 September 2018 (8+ years old) and is registered under CIN U93090GJ2018PTC103932.
Nuveq Engineers reported revenue of ₹3.27 Cr for FY 2025 (up 13% YoY).
Nuveq Engineers has 2 current directors:
- Kruti Dhaval Soni - Director
- Krunal Soni Vasantbhai - Director
Nuveq Engineers reported a net profit of ₹8.63 Lakh (net margin 2.6%) and EBITDA of ₹25.5 Lakh (EBITDA margin 7.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nuveq Engineers is 16% over three years and 187% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nuveq Engineers is 24AAGCN1869B1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Nuveq Engineers is U93090GJ2018PTC103932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nuveq Engineers was incorporated on 06 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nuveq Engineers by revenue are Gemini Shreevas (Engineers) Private Limited, Gem Air Compressor (India) Private Limited, Ductfab Equipments Private Limited, Cool Stop (India) Private Limited, Vihans Airconditioning Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Kruti Dhaval Soni was appointed as Director on 04 Oct 2020. Nihal Bamaniya Senabhai ceased to be Director on 04 Oct 2020. Krunal Soni Vasantbhai was appointed as Director on 06 Sep 2018.
Yes, Nuveq Engineers is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).