Bhagwandas Devshi Private Limited
About Bhagwandas Devshi Private Limited
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Bhagwandas Devshi Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 16 September 1935 and has been in existence for over 91 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1935PTC002400. Its GSTIN is 27AAACB2912K1ZV (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Falguni Jigar Mehta and Jigar Mehta Harshadray.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 87 Princess Street, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.45 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹10.94 Lakh (net margin 4.5%) and EBITDA of ₹27.35 Lakh (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhagwandas Devshi Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address87 Princess Street, Mumbai, Maharashtra, India – 400002
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Bhagwandas Devshi Private Limited, buy the company report.
- 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
Business activity
The main business activity of Bhagwandas Devshi is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Bhagwandas Devshi Private Limited, buy the company report.
Financials of Bhagwandas Devshi Private Limited
FY 2025 filings availableBhagwandas Devshi Private Limited reported revenue of ₹2.45 Cr (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 20%. EBITDA rose 31% 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 | ₹27.35 Lakh | ||||
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| Net Profit (PAT) | ₹10.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 4.5% | ||||
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To see the full financial statements and ratios of Bhagwandas Devshi Private Limited, buy the company report.
Board of directors of Bhagwandas Devshi Private Limited
Bhagwandas Devshi has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Honey Jigar Mehta | Additional Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Preksha Jigar Mehta | Additional Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Falguni Jigar Mehta | Director | 28 Apr 2021 | 5 Years 5 Months | Current |
| Jigar Mehta Harshadray | Director | 01 May 1995 | 31 Years 5 Months | Current |
Auditor
Bhagwandas Devshi Private Limited is audited by SHAH DESAI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DESAI & ASSOCIATES | FY 2021 | 139323W |
Shareholding
The shareholding of Bhagwandas Devshi Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhagwandas Devshi Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bhagwandas Devshi Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhagwandas Devshi Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhagwandas Devshi has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB2912K1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhagwandas Devshi Private Limited, buy the company report.
Recent activity
Bhagwandas Devshi Private Limited has 6 board changes on record since 1995: 4 appointments and 2 cessations. The latest: Honey Jigar Mehta was appointed as Additional Director on 22 Aug 2023.
Frequently asked questions
Bhagwandas Devshi is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 16 September 1935 (91+ years old) and is registered under CIN U51900MH1935PTC002400.
Bhagwandas Devshi has 4 current directors:
- Honey Jigar Mehta - Additional Director
- Preksha Jigar Mehta - Additional Director
- Falguni Jigar Mehta - Director
- Jigar Mehta Harshadray - Director
The latest financial statements of Bhagwandas Devshi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhagwandas Devshi is 27AAACB2912K1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bhagwandas Devshi is U51900MH1935PTC002400. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagwandas Devshi was incorporated on 16 September 1935, making it 91+ years old. It is registered with the Registrar of Companies, Mumbai.
Honey Jigar Mehta was appointed as Additional Director on 22 Aug 2023. Preksha Jigar Mehta was appointed as Additional Director on 22 Aug 2023. Bhartiben Harshadray Mehta ceased to be Director on 27 May 2023. Bhagwandas Devshi has 6 board changes on record in total.
The registered office of Bhagwandas Devshi is at 87 Princess Street, Mumbai, Maharashtra, India – 400002.
Bhagwandas Devshi operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
The compliance status of Bhagwandas Devshi is compliant as of 09 August 2026. The company is actively filing with the Registrar of Companies.