Devona Power Limited
About Devona Power Limited
Data last updated:
Devona Power Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Rattanindia Power Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 05 September 2007.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2007PLC167739.
The company had an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.54 Cr. It was formerly known as Indiabulls Power Generation Limited. It was led by directors including Pankaj Singhal (Managing Director) and Narayanasany Jeevagan.
Its last annual general meeting (AGM) was held on 21 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at A – 49 Ground Floor Road No. 4 Mahipalpur, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2021, the company reported a revenue of ₹92,230, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹78.61 Lakh and EBITDA of ₹11,150 (EBITDA margin 12.1%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 63% over five years.
The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹21.45 Cr; the latest was in March 2015. Its 10 peer companies in the Power industry (Transmission and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Adani Renewable Energy Twenty Nine Private Limited with revenue of ₹1 Lakh.
Company details
Contact details
Devona Power Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressA – 49 Ground Floor Road No. 4 Mahipalpur, New Delhi, Delhi, India – 110037
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Devona Power 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 Devona Power Limited
FY 2021 filings availableDevona Power Limited reported revenue of ₹92,230 (down 66% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 66% fall in the latest year. EBITDA fell 94% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹11,150 | ||||
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| Net Profit (PAT) | -₹78.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 12.1% | ||||
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To see the full financial statements and ratios of Devona Power Limited, buy the company report.
Board of directors of Devona Power Limited
Devona Power has 3 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanasany Jeevagan | Director | 30 Mar 2015 | 11 Years 6 Months | As last reported |
| Pankaj Singhal | Managing Director | 08 Feb 2016 | 10 Years 8 Months | As last reported |
| Alak Bihari Sahu | Director | 15 Feb 2013 | 13 Years 8 Months | As last reported |
Peer comparison
Devona Power Limited is compared with the 10 companies closest to it by revenue in the Power industry (Transmission and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adani Renewable Energy Twenty Nine Private Limited | ₹1 Lakh (FY 2023) | New Delhi, Delhi, India | ||||
| Ojas Energy (M.P.) Private Limited | ₹99,298 (FY 2025) | 127.0% | Bengaluru, Karnataka, India | |||
| Greenesol Hydrocarbons Private Limited | ₹97,033 (FY 2022) | 11.0% | Guntur, Andhra Pradesh, India | |||
| Smile Energy Private Limited | ₹96,399 (FY 2016) | 215.0% | Rayagada, Odisha, India | |||
| Aurangabad Power Company Limited | ₹93,825 (FY 2025) | 14.0% | Mumabai, Maharashtra, India | |||
| Devona Power Limitedthis company | ₹92,230 (FY 2021) | -₹78.61 Lakh | -66.0% | New Delhi, Delhi, India | ||
| Renew Wind Energy (Ap 4) Private Limited | ₹92,000 (FY 2025) | New Delhi, Delhi, India | ||||
| Renew Bioenergy Private Limited | ₹90,742 (FY 2025) | 14.0% | Ludhiana, Punjab, India | |||
| Gurudeo Energies Private Limited | ₹90,000 (FY 2024) | 6.0% | Nagpur, Maharashtra, India | |||
| Godavari Renewable Energy Private Limited | ₹90,000 (FY 2020) | Chennai, Tamil Nadu, India | ||||
| Godge Patil Realtors Private Limited | ₹89,048 (FY 2025) | 12.0% | Pune, Maharashtra, India |
To see the full peer comparison of Devona Power Limited, buy the company report.
Auditor
Devona Power Limited is audited by SHARMA GOEL & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA GOEL & CO LLP | FY 2016 | 000643N |
Shareholding
The shareholding of Devona Power 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 Devona Power Limited, buy the company report.
Deals & funding
Devona Power Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹21.45 Cr; the latest was in March 2015.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Rattanindia Power Limited Seller: Indianbulls Power Services Limited |
| Nov 2007 | Funding round | ₹45 Lakh | Investors: Indianbulls Power Services Limited, Meiya Project Development Company Limited |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: Indianbulls Power Services Limited, Indianbulls Power Services Limited & Sanjeev Ranjan, Indianbulls Power Services Limited & Ashok Sharma Seller: Indianbulls Real Estate Limited, Indiabulls Real Estate Limited & Somesh Singh, Indiabulls Real Estate Limited & Tejinderpal Singh Miglani |
To see the full deal history of Devona Power 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
No court or tribunal cases involving Devona Power 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 Devona Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Devona Power Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Devona Power Limited has 28 board changes on record since 2009: 3 appointments and 25 cessations. The latest: Sachin Kumar ceased to be Company Secretary on 12 Nov 2021.
19 earlier events are in the company report.
Frequently asked questions
Devona Power has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Devona Power was a public limited company based in New Delhi, Delhi, India. The company worked in power transmission and distribution services, within the energy and power industry. It was incorporated on 05 September 2007 and is registered under CIN U45400DL2007PLC167739. The company has been struck off by the Registrar of Companies and is no longer operational.
Devona Power had 3 directors:
- Pankaj Singhal - Managing Director
- Narayanasany Jeevagan - Director
- Alak Bihari Sahu - Director
The CIN (Corporate Identification Number) of Devona Power is U45400DL2007PLC167739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Devona Power is at A – 49 Ground Floor Road No. 4 Mahipalpur, New Delhi, Delhi, India – 110037.
Devona Power was incorporated on 05 September 2007. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Devona Power on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 21 September 2021. Year-wise statements from 2015 are in the company report.
Devona Power operated in the energy and power industry, in the power transmission and distribution services segment. It worked in this industry before it was struck off.
Devona Power has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹21.45 Cr; the latest was in March 2015.
The peers of Devona Power by revenue are Adani Renewable Energy Twenty Nine Private Limited, Ojas Energy (M.P.) Private Limited, Greenesol Hydrocarbons Private Limited, Smile Energy Private Limited, Aurangabad Power Company Limited and 5 more, all in the Power industry (Transmission and Distribution).
Sachin Kumar ceased to be Company Secretary on 12 Nov 2021. Sanjiv Chhikara ceased to be Director on 08 Feb 2021. Lalit Narayan Mathpati ceased to be Company Secretary on 20 Oct 2020. Devona Power has 28 board changes on record in total.