Sona Comstar subsidiary, Novelic, has incorporated a new wholly owned subsidiary in India named Novelic India Private Limited on November 28, 2025. This strategic move aims to expand Novelic’s operations in India. The incorporation strengthens Novelic’s presence and facilitates focused growth within the Indian market as a step-down subsidiary.
Novelic Expands to India
Novelic India Private Limited, a wholly owned subsidiary, has been incorporated in India by Novelic d.o.o. Beograd-Zvezdara, a subsidiary of Sona Comstar. This decision was formally announced on November 28, 2025.
Subsidiary Details
The newly incorporated entity, Novelic India Private Limited, will function as a step-down subsidiary.
Financial Details
The authorized share capital of Novelic India Private Limited is INR 15,00,000 (Indian Rupees Fifteen Lakhs).
Industry Focus
Novelic India Private Limited will operate in the mobility ancillary, radars, sensors, and software sectors.
Strategic Rationale
The incorporation of Novelic India Private Limited allows Novelic to strategically enhance its presence and operational capabilities within the Indian market.
Source: BSE