Devise Properties Private Limited
About Devise Properties Private Limited
Data last updated:
Devise Properties Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Rainbow Investments Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45400WB2008PTC131598. Its GSTIN is 19AADCD1178Q1Z3 (West Bengal).
The company has an authorised share capital of ₹120.12 Cr and a paid-up capital of ₹49.07 Cr. It is led by directors including Tarun Goyal and Harish Toshniwal.
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 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.97 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹3.94 Cr and EBITDA of -₹30.83 Lakh (EBITDA margin -309.2%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 14 deals on record (8 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹55.63 Cr; the latest was in March 2021. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 2 smaller; the largest is DMC Infrastructure Private Limited with revenue of ₹9.97 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devise Properties Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Devise Properties 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
Financials of Devise Properties Private Limited
FY 2025 filings availableDevise Properties Private Limited reported revenue of ₹9.97 Lakh (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over three years, including a 40% fall in the latest year. EBITDA fell 79% 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 | -₹30.83 Lakh | ||||
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| Net Profit (PAT) | -₹3.94 Cr | ||||
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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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| EBITDA Margin | -309.2% | ||||
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To see the full financial statements and ratios of Devise Properties Private Limited, buy the company report.
Board of directors of Devise Properties Private Limited
Devise Properties has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Goyal Also directs: Quest Capital Markets Limited, Easy Fincorp Limited, Castor Investments Limited and 2 more | Director | 29 May 2024 | 2 Years 5 Months | Current |
| Harish Toshniwal Also directs: Quest Capital Markets Limited, Sarala Real Estate Limited, Highway Apartments Private Limited and 5 more | Director | 19 Aug 2013 | 13 Years 2 Months | Current |
| Rama Chandra Kurup Also directs: Easy Fincorp Limited, Castor Investments Limited, Brabourne Investments Ltd and 1 more | Director | 25 Feb 2020 | 6 Years 8 Months | Current |
| Raj Karan Daga Also directs: Kutub Properties Private Limited, Easy Fincorp Limited, Trade Apartments Ltd and 4 more | Director | 23 Aug 2024 | 2 Years 2 Months | Current |
| Sunil Kumar Sanganeria Also directs: Quest Capital Markets Limited, RPSG Resources Private Limited, Rainbow Investments Limited and 5 more | Director | 29 Apr 2016 | 10 Years 6 Months | Current |
Peer comparison
Devise Properties Private Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DMC Infrastructure Private Limited | ₹9.97 Lakh (FY 2018) | 310.0% | Delhi, India | |||
| MP Promoters Private Limited | ₹9.97 Lakh (FY 2025) | 3283.0% | New Delhi, Delhi, India | |||
| Suryadev Housing and Infraprojects Private Limited | ₹9.97 Lakh (FY 2024) | 5.0% | Bhubaneswar, Odisha, India | |||
| Devise Properties Private Limitedthis company | ₹9.97 Lakh (FY 2025) | -₹3.94 Cr | -40.0% | Kolkata, West Bengal, India | ||
| Zodiac Developers Private Limited | ₹9.97 Lakh (FY 2025) | -61.0% | Mumbai, Maharashtra, India | |||
| Budhrani Housing Developers Private Limited | ₹9.97 Lakh (FY 2024) | -31.0% | Mumbai, Maharashtra, India | |||
| Pitrashish Infracon Private Limited | ₹9.96 Lakh (FY 2024) | -92.0% | Delhi, India |
To see the full peer comparison of Devise Properties Private Limited, buy the company report.
Auditor
Devise Properties Private Limited is audited by CHANDAK & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDAK & ASSOCIATES | FY 2017 | 321039E |
Shareholding
The shareholding of Devise Properties Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Devise Properties Private Limited, buy the company report.
Deals & funding
Devise Properties Private Limited has 14 deals on record (8 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹55.63 Cr; the latest was in March 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Rainbow Investments Limited Seller: Alipore Towers Pvt. Ltd. , Tinnevelly Tuticorin Investments Ltd |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Rainbow Investments Limited Seller: Tirumala Dealtrade Private Limited , Subhrashi Vinimay Private Limited |
| Mar 2021 | Rights issue | ₹29.4 Cr | Investors: Rainbow Investments Limited, Alipore Towers Pvt. Ltd. |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Goodluck Dealcom Private Limited Seller: Rainbow Investments Limited |
| Apr 2017 | Rights issue | ₹9.39 Cr | Investors: Tinnevelly Tuticorin Investments Ltd , Rainbow Investments Limited |
To see the full deal history of Devise Properties Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devise Properties Private Limited has 1 court case on record: 1 filed by Devise Properties. All case is pending.
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, Calcutta, West Bengal | Civil suit | Filed by the company against Graand Prix Elevators India Private Limited and 6 others | Pending |
To see the full case history of Devise Properties 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 Devise Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devise Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCD1178Q1Z3 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devise Properties Private Limited, buy the company report.
Recent activity
Devise Properties Private Limited has 18 board changes on record since 2013: 6 appointments and 12 cessations. The latest: Raj Karan Daga ceased to be Additional Director on 29 Sep 2025.
9 earlier events are in the company report.
Frequently asked questions
Devise Properties is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 30 December 2008 (18+ years old) and is registered under CIN U45400WB2008PTC131598.
Devise Properties has 5 current directors:
- Tarun Goyal - Director
- Harish Toshniwal - Director
- Rama Chandra Kurup - Director
- Raj Karan Daga - Director
- Sunil Kumar Sanganeria - Director
The latest financial statements of Devise Properties 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 Devise Properties is 19AADCD1178Q1Z3, registered in West Bengal.
The CIN (Corporate Identification Number) of Devise Properties is U45400WB2008PTC131598. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devise Properties has 1 court case on record: 1 filed by the company. 1 is pending.
Devise Properties was incorporated on 30 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
Devise Properties has 14 deals on record (8 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹55.63 Cr; the latest was in March 2021.
The peers of Devise Properties by revenue are DMC Infrastructure Private Limited, MP Promoters Private Limited, Suryadev Housing and Infraprojects Private Limited, Zodiac Developers Private Limited, Budhrani Housing Developers Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Raj Karan Daga ceased to be Additional Director on 29 Sep 2025. Tarun Goyal ceased to be Additional Director on 15 Sep 2024. Akhilanand Joshi was appointed as CEO on 01 Sep 2024. Devise Properties has 18 board changes on record in total.
The registered office of Devise Properties is at 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
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