Devagiri Business Solutions India Private Limited
About Devagiri Business Solutions India Private Limited
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Devagiri Business Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 09 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC112972. Its GSTIN is 29AAGCD6844G2ZC (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Chaithra Devagera Mahimaraju and Chetankumar Devagere Mahimaraju.
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 No. 74 Balaji Layout Bharath Nagar Byadarahalli, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2025, the company reported a revenue of ₹2 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹1.43 Lakh (net margin -0.7%) and EBITDA of -₹1.43 Lakh (EBITDA margin -0.7%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years.
The company has about 66 employees on its provident fund (EPFO) records.
Company details
Contact details
Devagiri Business Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 74 Balaji Layout Bharath Nagar Byadarahalli, Bangalore, Karnataka, India – 560091
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
To see the full contact details of Devagiri Business Solutions India 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 Devagiri Business Solutions India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Devagiri Business Solutions India Private Limited, buy the company report.
Financials of Devagiri Business Solutions India Private Limited
FY 2025 filings availableDevagiri Business Solutions India Private Limited reported revenue of ₹2 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over three years, including 31% growth in the latest year. EBITDA rose 14% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.43 Lakh | ||||
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| Net Profit (PAT) | -₹1.43 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.7% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Devagiri Business Solutions India Private Limited, buy the company report.
Board of directors of Devagiri Business Solutions India Private Limited
Devagiri Business Solutions India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chaithra Devagera Mahimaraju | Director | 09 May 2018 | 8 Years 5 Months | Current |
| Chetankumar Devagere Mahimaraju | Director | 09 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Devagiri Business Solutions India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Harivara Global Service Private Limited | ₹2 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Purpleunit Designs Private Limited | ₹2 Cr (FY 2019) | 1.0% | Bangalore, Karnataka, India | |||
| Ettore Consumer Services Private Limited | ₹2 Cr (FY 2025) | -10.0% | Noida, Uttar Pradesh, India | |||
| Affoy Media Private Limited | ₹2 Cr (FY 2025) | -45.0% | Panchkula, Haryana, India | |||
| Appfoster Innovations Private Limited | ₹2 Cr (FY 2024) | 56.0% | New Delhi, Delhi, India | |||
| Devagiri Business Solutions India Private Limitedthis company | ₹2 Cr (FY 2025) | -₹1.43 Lakh | -0.7% | 31.0% | 66 | Bangalore, Karnataka, India |
| Synchrom Laboratory Private Limited | ₹2 Cr (FY 2025) | 459.0% | Raigarh, Maharashtra, India | |||
| Cemg Engineers & Consultants Private Limited | ₹2 Cr (FY 2025) | 73.0% | Agra, Uttar Pradesh, India | |||
| Avaraniya Consulting Services Private Limited | ₹2 Cr (FY 2025) | 1263.0% | Delhi, India | |||
| Facilitechs Trades and Services Private Limited | ₹2 Cr (FY 2025) | -46.0% | Bangalore, Karnataka, India | |||
| Redant Labs Private Limited | ₹1.99 Cr (FY 2024) | 48.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Devagiri Business Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Devagiri Business Solutions India 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 Devagiri Business Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devagiri Business Solutions India Private Limited has a workforce of 66 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Devagiri Business Solutions India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCD6844G2ZC | Karnataka | Active | 27 Jul 2022 |
To see the full GST registrations and return filing status of Devagiri Business Solutions India Private Limited, buy the company report.
Recent activity
Devagiri Business Solutions India Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Chaithra Devagera Mahimaraju was appointed as Director on 09 May 2018.
Frequently asked questions
Devagiri Business Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 09 May 2018 (8+ years old) and is registered under CIN U74999KA2018PTC112972.
Devagiri Business Solutions India has 2 current directors:
- Chaithra Devagera Mahimaraju - Director
- Chetankumar Devagere Mahimaraju - Director
The latest financial statements of Devagiri Business Solutions India 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 FY 2019 are in the company report.
The GSTIN of Devagiri Business Solutions India is 29AAGCD6844G2ZC, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Devagiri Business Solutions India is U74999KA2018PTC112972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devagiri Business Solutions India was incorporated on 09 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devagiri Business Solutions India by revenue are Harivara Global Service Private Limited, Purpleunit Designs Private Limited, Ettore Consumer Services Private Limited, Affoy Media Private Limited, Appfoster Innovations Private Limited and 5 more, all in the same principal business activity (other professional, scientific and technical activities).
Chaithra Devagera Mahimaraju was appointed as Director on 09 May 2018. Chetankumar Devagere Mahimaraju was appointed as Director on 09 May 2018.
The registered office of Devagiri Business Solutions India is at No. 74 Balaji Layout Bharath Nagar Byadarahalli, Bangalore, Karnataka, India – 560091.
Devagiri Business Solutions India operates in the business services industry, in the other services segment.
Devagiri Business Solutions India can be reached at its registered office: No. 74 Balaji Layout Bharath Nagar Byadarahalli, Bangalore, Karnataka, India – 560091.
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