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Business Services, Consulting and Staffing Services

Company Type

B2B Technology and IT-enabled Professional Services


Approximately $10 Million

Investment Type

Flexible-Equity, Debt, Hybrid


Brave Global Holdings Inc. (BHG or Novel), operating under the trade name “Novel Technology Services”, is a global, IT Enabled Business Services Organization, headquartered in Delaware (USA) with a 25 year history

Novel provides B2B services for Digital Technology and Transformation, Cloud Computing Migrations, Technology Consulting and Business Process Outsourcing (BPO)

BGH clients include medium to large multinational companies and governments in USA, India, Singapore, and UAE

Owned and operated by its 2 directors, BGH has been primarily self-funded to date

Surge in existing and new client orders, along with organic growth in India, UAE and Singapore requires fast deployment of significant funds

To support this demand, BGH is seeking approximately $10MM capital (equity, debt, or hybrid)


BHG is experiencing significant demand for its services from clients shifting to a “Manpower on Demand (MoD)” model for capital investments, and for on-going maintenance of core enterprise technology platforms

Growth from Machine learning (ML) and artificial intelligence (AI) assisted processing is causing core enterprise technology platforms to shift from On-premises to the Cloud

Near-term opportunities include:

  • Saudi Arabia: Recent liberalization of its economy is causing an unexpected requirement to deploy latest ERP, warehousing and financial applications technologies with at least 3 new large size clients having signed on in Q1 2024
  • Columbia: As it recovers from two decades of civil war and drug cartels, heavy flow of aid from US & Western nations is driving demand for highly skilled English-speaking technologists to aid large corporates and government departments in migrating to Cloud based platforms
  • Acquisition: complete the acquisition of an end-to-end technology professional services provider in Columbia, that has large corporates and government departments as current clients


Lean into existing core skill sets to address a large part of the demand to move core enterprise technology platforms to the Cloud

Leverage its track record and momentum with key customers to secure new project mandates

Continue to acquire and grow Professional Services teams to execute on strategic projects including:

  • Complex IT solutions deployment – Cyber Security, Regulatory Compliance & Data Privacy
  • Upgrading and migrating from On-premises to Cloud
  • [Build] sleeker mobile applications, allowing for expanded functionality from smart phones
  • Time-fenced, cost-bound project execution

Novel Management intends to aggressively build company value, while continuing its tradition of conservative risk management and frugality on operating expenses

Exit strategy is expected to be via strategic M&A transaction or IPO


Vinay Bele

Deputy President & Head of India Operations

  • Chief Executive and majority owner of Novel Financial Solutions Private Limited, India
  • Business Process Outsourcing for major financial institutions
  • Founder of Vinay Bele and Associates, a corporate conglomerate based in Novelstern India
  • Over 25 years experience handling outsourcing operations for Fortune 100 Corporations
  • Executed over $100MM of projects
  • Practicing Chartered Accountant in India
  • Previously: Treasurer of Nasik Branch of Institute of Chartered Accountants of India
  • VP – Maharashtra Chess Association, President – Nasik District Chess Association

Raj Manian

President & CEO

  • Previously Chief Risk Officer (CRO), Chief Compliance Officer (CCO) for global systemically important financial institutions (G-Sifi)
  • Over 30 years in financial services as a recognized corporate governance, finance & regulatory compliance expert
  • Develops & maintains relationships with various governmental organizations, especially Financial Services regulatory authorities in the USA, Canada, EU, UK, Middle East and Asia.
  • Has been involved in over $3.5B of fundraising, M&A transactions, & risk management & regulatory compliance services for various corporations
  • B.S. and Masters in Info Systems; MBA
  • Completed Leadership & Management program from Harvard University
  • Serves as a guest lecturer at Texas A&M University – School of Law
Learn More About Brave Global Holdings

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Ken Margolis | Managing Partner Castle Placement, LLC
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