MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0049024
Star Novation Private Limited - metals and minerals in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹44.23 Cr
▲ 125% YoY
Net profit · FY 2024
₹23.38 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹77.73 Lakh
EBITDA margin 1.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3 Lakh
Issued & subscribed
Open charges
₹9.73 Cr
Satisfied ₹20 Lakh
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
About Star Novation Private Limited
Data last updated:
Star Novation Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 07 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U10790MP2003PTC016134. Its GSTIN is 23AAICS3833N1Z2 (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Shishir Tiwari and Sameer Tiwari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 318 2nd Floor Old Building Software Technology Park, Indore, Madhya Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹44.23 Cr, a growth of 125% compared to the previous year. For the same year it recorded a net profit of ₹23.38 Lakh (net margin 0.5%) and EBITDA of ₹77.73 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 356% over three years and 27% over five years.
The company is associated with 1 brand: Starnovation. As per MCA filings, the company has open charges of ₹9.73 Cr and satisfied charges of ₹20 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Star Novation Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0049024). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starnovation.com.
Company Details of Star Novation Private Limited
CIN U10790MP2003PTC016134
Registration Number 016134
Incorporation Date 07 October 2003
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0049024
CIN History of Star Novation Private Limited
Star Novation has one previous CIN (Corporate Identification Number): U51109MP2003PTC016134. The current CIN is U10790MP2003PTC016134, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10790MP2003PTC016134 | Current |
| U51109MP2003PTC016134 | Previous |
Key People
Shishir Tiwari Director Sameer Tiwari Director Recognitions & Rankings of Star Novation
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressOffice No. 318 2nd Floor Old Building Software Technology Park Electronic Com, Plex, Indore, Madhya Pradesh, India – 452010
- IndustryMetals and Minerals, Materials Retail & Distribution
Comprehensive company report
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Associated Brands with Star Novation Private Limited
Star Novation operates one associated brand: Starnovation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Scrap metal buying, selling, and recycling services in India. | starnovation.com |
Business Activity of Star Novation Private Limited
The main business activity of Star Novation is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Star Novation Private Limited FY 2024 filings available
Star Novation Private Limited reported revenue of ₹44.23 Cr (up 125% YoY) for FY 2024.
Revenue · FY 2024
₹44.23 Cr ▲ 125%
Net profit · FY 2024
₹23.38 Lakh margin 0.5%
EBITDA · FY 2024
₹77.73 Lakh margin 1.8%
Compounded Annual Growth Rate (CAGR) of Star Novation Private Limited
Revenue CAGR growth
1 year
▲ 125%
3 years · compounded
▲ 356%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 171%
5 years · compounded
▲ 39%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 125% growth in the latest year. EBITDA rose 75% 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 Star Novation Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹77.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.38 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 Star Novation Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Star Novation are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Star Novation Private Limited
Star Novation 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 |
|---|---|---|---|---|
| Shishir Tiwari | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
| Sameer Tiwari | Director | 07 Oct 2003 | 23 Years 0 Months | Current |
Peer Comparison of Star Novation Private Limited
Star Novation Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Veerganapathi Steels Private Limited | ₹45.04 Cr (FY 2017) | •••• | •••• | -80.0% | •••• | Chennai, Tamil Nadu, India |
| Sapere Krognos Marketing Private Limited | ₹45.03 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| M & M Minerals and Resources Private Limited | ₹44.98 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Chandauli, Uttar Pradesh, India |
| Blue Edge Trade Venture Private Limited | ₹44.48 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Bhubaneswar, Odisha, India |
| Jayant Metal Private Limited | ₹44.46 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Star Novation Private Limited this company | ₹44.23 Cr (FY 2024) | •••• | •••• | 125.0% | •••• | Indore, Madhya Pradesh, India |
| Metallo Mondo Private Limited | ₹44.02 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | Mumbai, Maharashtra, India |
| Smrva Infrastructure Projects Private Limited | ₹44 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Naredi International Private Limited | ₹43.84 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Jharkhand, India |
| Gurudev Overseas Limited | ₹43.78 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Punjab, India |
| Shree Bahubali Mercantile Pvt Ltd | ₹43.59 Cr (FY 2024) | •••• | •••• | -35.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Star Novation by revenue in the Metals and Minerals industry (Materials Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Star Novation Private Limited
Open charges
₹9.73 Cr
Satisfied charges
₹20 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jun 2023 | Hdfc Bank Limited | ₹8.5 Cr | Open |
| 23 Jan 2012 | Others | ₹1.23 Cr | Open |
| 02 Sep 2009 | The Cosmos Co-Operative Bank Limited | ₹20 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Star Novation Private Limited
Star Novation Private Limited has 1 court case on record: 1 filed by Star Novation. All case is pending. Status as checked on 02 Oct 2026.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against Ramdev International | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Star Novation Private Limited
Employment history and EPFO contributions of people linked to Star Novation.
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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 Star Novation Private Limited
Star Novation Private Limited has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Pranay Chaudhary ceased to be Director on 25 Mar 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 850.00 Lakh registered on 28 Jun 2023 with Charge ID 100789516 was modified on 24 Jun 2025.
AGM
Star Novation Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Star Novation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 850.00 Lakh with Charge ID 100789516 was registered on 28 Jun 2023.
Charges
A charge with Others of Rs. 123.00 Lakh registered on 23 Jan 2012 with Charge ID 10335577 was modified on 08 Jul 2022.
Charges
A charge registered on 02 Sep 2009 via Charge ID 10178765 with The Cosmos Co-Operative Bank Limited was fully satisfied on 28 Apr 2022.
Ceased
Pranay Chaudhary ceased to be Director.
Appointed
Shishir Tiwari was appointed as Director.
Charges
A charge with Others amounted to Rs. 123.00 Lakh with Charge ID 10335577 was registered on 23 Jan 2012.
Charges
A charge with The Cosmos Co-Operative Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 10178765 was registered on 02 Sep 2009.
Appointed
Sameer Tiwari was appointed as Director.
Incorporation
07 Oct 2003
Star Novation Private Limited was registered on 07 Oct 2003 with Roc Gwalior & aged 23 years 15 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Star Novation Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Star Novation Private Limited
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Subsidiaries & Group Companies of Star Novation Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Star Novation Private Limited
Star Novation has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAICS3833N1Z2 | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AAICS3833N1DB | Madhya Pradesh | Active | 13 Dec 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Star Novation Private Limited
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MCA filings and documents
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Frequently Asked Questions about Star Novation Private Limited
Star Novation is an active private limited company based in Indore, Madhya Pradesh, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 07 October 2003 (23+ years old) and is registered under CIN U10790MP2003PTC016134.
Star Novation reported revenue of ₹44.23 Cr for FY 2024 (up 125% YoY).
Star Novation has 2 current directors:
- Shishir Tiwari - Director
- Sameer Tiwari - Director
Star Novation reported a net profit of ₹23.38 Lakh (net margin 0.5%) and EBITDA of ₹77.73 Lakh (EBITDA margin 1.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Star Novation is 356% over three years and 27% over five years. In the latest year (FY 2024) revenue rose 125%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Star Novation is 23AAICS3833N1Z2, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AAICS3833N1DB (Madhya Pradesh).
The CIN (Corporate Identification Number) of Star Novation is U10790MP2003PTC016134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Star Novation has 1 court case on record: 1 filed by the company. 1 is pending.
Star Novation was incorporated on 07 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Star Novation by revenue are Shri Veerganapathi Steels Private Limited, Sapere Krognos Marketing Private Limited, M & M Minerals and Resources Private Limited, Blue Edge Trade Venture Private Limited, Jayant Metal Private Limited and 5 more, all in the Metals and Minerals industry (Materials Retail and Distribution).
Pranay Chaudhary ceased to be Director on 25 Mar 2022. Shishir Tiwari was appointed as Director on 01 Jun 2012. Sameer Tiwari was appointed as Director on 07 Oct 2003.