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
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
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
Star Novation Private Limited's registered office is in Indore, Madhya Pradesh.
- 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
Star Novation Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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
The main business activity of Star Novation is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Star Novation Private Limited, buy the company report.
Financials of Star Novation Private Limited
FY 2024 filings availableStar 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)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹77.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.38 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Star Novation Private Limited, buy the company report.
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
Star Novation Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| 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 | |||
| 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) | ₹23.38 Lakh | 0.5% | 125.0% | Indore, Madhya Pradesh, 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 |
To see the full peer comparison of Star Novation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.73 Cr
Satisfied charges
₹20 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2023 | 100789516 | Hdfc Bank Limited | ₹8.5 Cr | Open | |
| 23 Jan 2012 | 10335577 | Others | ₹1.23 Cr | Open | |
| 02 Sep 2009 | 10178765 | The Cosmos Co-Operative Bank Limited | ₹20 Lakh | Satisfied |
To see the full charge records of Star Novation Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Star Novation Private Limited has 1 court case on record: 1 filed by Star Novation. All case is pending.
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 Proprietor Piyush Chouhan | Pending |
To see the full case history of Star Novation 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 Star Novation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Star Novation Private Limited, buy the company report.
Recent activity
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 16 days as per MCA records.
Frequently asked questions
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 has 2 current directors:
- Shishir Tiwari - Director
- Sameer Tiwari - Director
The latest financial statements of Star Novation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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, M & M Minerals and Resources Private Limited, Blue Edge Trade Venture Private Limited, Jayant Metal Private Limited, Naredi International Private Limited and 2 more, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
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.
Yes, Star Novation is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0049024).
Star Novation can be reached through the website starnovation.com. Its registered office is in Indore, Madhya Pradesh, India.