MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-02-0083836
Devorks Solutions Private Limited
Devorks Solutions Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.46 Lakh
▲ 35% YoY
Net loss · FY 2024
₹10.23 Lakh
Net margin -76%
EBITDA · FY 2024
-₹9.23 Lakh
EBITDA margin -68.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Devorks Solutions Private Limited
Data last updated:
Devorks Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 19 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2019PTC130700. Its GSTIN is 36AAJCR4356E1ZA (Telangana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors Venkateswarlu Boora (Managing Director) and Renuka Boora.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1 – 55/5/Usr/103 Sy No.5 & Sy.No.190 Gautami Society Kondapur, Hyderabad, Telangana, India – 500084.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.46 Lakh, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹10.23 Lakh (net margin -76%) and EBITDA of -₹9.23 Lakh (EBITDA margin -68.6%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years.
Devorks Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0083836). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72900TG2019PTC130700
Registration Number 130700
Incorporation Date 19 February 2019
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TS-02-0083836
Recognitions & Rankings of Devorks Solutions
Contact details
Devorks Solutions Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1 – 55/5/Usr/103 Sy No.5 & Sy.No.190 Gautami Society Kondapur, Hyderabad, Telangana, India – 500084
- IndustryInformation Technology, SaaS (Software as a Service) Providers
To see the full contact details of Devorks Solutions Private Limited, buy the company report.
Comprehensive company report
Devorks Solutions Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Devorks Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Devorks Solutions Private Limited, buy the company report.
Financials of Devorks Solutions Private Limited
FY 2024 filings availableDevorks Solutions Private Limited reported revenue of ₹13.46 Lakh (up 35% YoY) for FY 2024.
Revenue · FY 2024
₹13.46 Lakh ▲ 35%
Net loss · FY 2024
₹10.23 Lakh margin -76%
EBITDA · FY 2024
-₹9.23 Lakh margin -68.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▼ 514%
3 years · compounded
▼ 957%
Revenue has grown at a compounded annual rate (CAGR) of 59% over three years, including 35% growth in the latest year. EBITDA fell 514% 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 | -₹9.23 Lakh | ||||
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| Net Profit (PAT) | -₹10.23 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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| Profitability | |||||
| EBITDA Margin | -68.6% | ||||
| Net Profit Margin | -76% | ||||
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To see the full financial statements and ratios of Devorks Solutions Private Limited, buy the company report.
Board of directors of Devorks Solutions Private Limited
Devorks Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renuka Boora Also directs: Techstads Software Private Limited, Sreeb Technologies Private Limited, Sreves Solutions Private Limited and 1 more | Director | 19 Feb 2019 | 7 Years 8 Months | Current |
| Venkateswarlu Boora Also directs: Techstads Software Private Limited, Sreeb Technologies Private Limited, Sreves Solutions Private Limited and 3 more | Managing Director | 19 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Devorks Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ordinal Technology Solutions Private Limited | ₹14.74 Lakh (FY 2024) | 41.0% | Kanyakumari, Tamil Nadu, India | |||
| Karminn Consultancy Network Private Limited | ₹14.7 Lakh (FY 2025) | -21.0% | Chennai, Tamil Nadu, India | |||
| Devorks Solutions Private Limitedthis company | ₹13.46 Lakh (FY 2024) | -₹10.23 Lakh | -76% | 35.0% | Hyderabad, Telangana, India | |
| Quantian Technologies Private Limited | ₹12.14 Lakh (FY 2024) | 117.0% | Pune, Maharashtra, India |
To see the full peer comparison of Devorks Solutions Private Limited, buy the company report.
Auditor
Devorks Solutions Private Limited is audited by DS RAMACHANDER & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DS RAMACHANDER & ASSOCIATES | FY 2023 | 09972S |
Shareholding
The shareholding of Devorks Solutions Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Devorks Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Devorks Solutions 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 Devorks Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devorks Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAJCR4356E1ZA | Telangana | Active | 12 Dec 2023 |
To see the full GST registrations and return filing status of Devorks Solutions Private Limited, buy the company report.
Recent activity
Devorks Solutions Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Sree Lahari Ravi ceased to be Director on 06 Feb 2024.
AGM
Devorks Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Devorks Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Ceased
Sree Lahari Ravi ceased to be Director.
Appointed
Renuka Boora was appointed as Director.
Appointed
Venkateswarlu Boora was appointed as Managing Director.
Incorporation
19 Feb 2019
Devorks Solutions Private Limited was registered on 19 Feb 2019 with Roc Hyderabad & aged 7 years 8 months as per MCA records.
Frequently asked questions
Devorks Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 19 February 2019 (7+ years old) and is registered under CIN U72900TG2019PTC130700.
Devorks Solutions has 2 current directors:
- Venkateswarlu Boora - Managing Director
- Renuka Boora - Director
The latest financial statements of Devorks Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Devorks Solutions is 36AAJCR4356E1ZA, registered in Telangana.
The CIN (Corporate Identification Number) of Devorks Solutions is U72900TG2019PTC130700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devorks Solutions was incorporated on 19 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Devorks Solutions by revenue are Ordinal Technology Solutions Private Limited, Karminn Consultancy Network Private Limited, Quantian Technologies Private Limited, all in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related activities).
Sree Lahari Ravi ceased to be Director on 06 Feb 2024. Renuka Boora was appointed as Director on 19 Feb 2019. Venkateswarlu Boora was appointed as Managing Director on 19 Feb 2019.
Yes, Devorks Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-02-0083836).
The registered office of Devorks Solutions is at 1 – 555Usr103 Sy No.5 & Sy.No.190 Gautami Society Kondapur, Hyderabad, Telangana, India – 500084.
Devorks Solutions operates in the information technology industry, in the saas (software as a service) providers segment.