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Devot Motors Private Limited - transportation in Jodhpur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.39 Lakh
▼ 57% YoY
Net loss · FY 2025
₹9.86 Lakh
Net margin -105%
EBITDA · FY 2025
-₹8.47 Lakh
EBITDA margin -90.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Devot Motors Private Limited
Data last updated:
Devot Motors Private Limited is a private limited company based in Jodhpur, Rajasthan, India, recognised as a startup by DPIIT. It operates in the manufacturing segment of the transportation sector. It was incorporated on 25 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U35999RJ2019PTC066783. Its GSTIN is 08AAHCD4863A1ZT (Rajasthan).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Varun Deo Panwar and Shyam Lal Panwar.
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 Plot No. 4 Rama Sadan New Pali Road Bhagat Ki Kothi, Jodhpur, Rajasthan, India – 342001.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.39 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹9.86 Lakh (net margin -105%) and EBITDA of -₹8.47 Lakh (EBITDA margin -90.1%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
The company is associated with 1 brand: DEVOT Motors.
Devot Motors Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-22-0014228). For more details, the company can be reached via its website devotmotors.com.
Company Details of Devot Motors Private Limited
CIN U35999RJ2019PTC066783
Registration Number 066783
Incorporation Date 25 October 2019
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-RJ-22-0014228
Recognitions & Rankings of Devot Motors
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-RJ-22-0014228
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. 4 Rama Sadan New Pali Road Bhagat Ki Kothi, Jodhpur, Rajasthan, India – 342001
- IndustryTransportation, Manufacturing, Transport Equipment
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Associated Brands with Devot Motors Private Limited
Devot Motors operates one associated brand: DEVOT Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Devot Motors produces electric motorcycles with advanced features for eco-friendly riding. | devotmotors.com |
Business Activity of Devot Motors Private Limited
The main business activity of Devot Motors is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Devot Motors Private Limited FY 2025 filings available
Devot Motors Private Limited reported revenue of ₹9.39 Lakh (down 57% YoY) for FY 2025.
Revenue · FY 2025
₹9.39 Lakh ▼ 57%
Net loss · FY 2025
₹9.86 Lakh margin -105%
EBITDA · FY 2025
-₹8.47 Lakh margin -90.1%
Compounded Annual Growth Rate (CAGR) of Devot Motors Private Limited
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▲ 52%
EBITDA CAGR growth
3 years · compounded
▼ 32%
5 years · compounded
▼ 21%
Revenue fell 57% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 52%. 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 of Devot Motors Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹8.47 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.86 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Devot Motors Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -90.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -105% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Devot Motors are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Devot Motors Private Limited
Devot Motors 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 |
|---|---|---|---|---|
| Varun Deo Panwar | Director | 25 Oct 2019 | 6 Years 11 Months | Current |
| Shyam Lal Panwar | Director | 25 Oct 2019 | 6 Years 11 Months | Current |
Peer Comparison of Devot Motors Private Limited
Devot Motors Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Management consultancy activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DGST Nature Homes Private Limited | ₹9.42 Lakh (FY 2021) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Ndlo Secretarial Services Private Limited | ₹9.41 Lakh (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| X-Ciel Consulting Private Limited | ₹9.41 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Noida, Uttar Pradesh, India |
| Weexpan Consulting Private Limited | ₹9.41 Lakh (FY 2022) | •••• | •••• | -94.0% | •••• | Ludhiana, Punjab, India |
| Amaravathi Exports Private Limited | ₹9.4 Lakh (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Devot Motors Private Limited this company | ₹9.39 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Jodhpur, Rajasthan, India |
| Bizstart Advisory Services Private Limited | ₹9.39 Lakh (FY 2024) | •••• | •••• | 52660.0% | •••• | Mumbai, Maharashtra, India |
| Gstlab Advisors Private Limited | ₹9.39 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Neb Sarai, Delhi, India |
| Metrics Applications Private Limited | ₹9.39 Lakh (FY 2019) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| LMR Consultants Private Limited | ₹9.38 Lakh (FY 2025) | •••• | •••• | -43.0% | •••• | Hyderabad, Telangana, India |
| Proxelity Management Services Private Limited | ₹9.38 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Gorakhpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Devot Motors by revenue in the same principal business activity (Management consultancy activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Devot Motors Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Devot Motors Private Limited
Devot Motors Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devot Motors Private Limited
Employment history and EPFO contributions of people linked to Devot Motors.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Devot Motors Private Limited
Devot Motors Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Kapil Deo Panwar ceased to be Director on 11 Feb 2022.
AGM
Devot Motors Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Devot Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Ceased
Kapil Deo Panwar ceased to be Director.
Appointed
Shyam Lal Panwar was appointed as Director.
Appointed
Varun Deo Panwar was appointed as Director.
Incorporation
25 Oct 2019
Devot Motors Private Limited was registered on 25 Oct 2019 with Roc Jaipur & aged 6 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Devot Motors Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Devot Motors Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Devot Motors Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Devot Motors Private Limited
Devot Motors has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAHCD4863A1ZT | Rajasthan | Active | 15 Nov 2019 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Devot Motors Private Limited
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Related news about Devot Motors Private Limited
Frequently Asked Questions about Devot Motors Private Limited
Devot Motors is an active private limited company based in Jodhpur, Rajasthan, India. The company works in manufacturing, within the transportation industry. It was incorporated on 25 October 2019 (7+ years old) and is registered under CIN U35999RJ2019PTC066783.
Devot Motors reported revenue of ₹9.39 Lakh for FY 2025 (down 57% YoY).
Devot Motors has 2 current directors:
- Varun Deo Panwar - Director
- Shyam Lal Panwar - Director
Devot Motors reported a net loss of ₹9.86 Lakh (net margin -105%) and EBITDA of -₹8.47 Lakh (EBITDA margin -90.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devot Motors is 52% over three years. In the latest year (FY 2025) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devot Motors is 08AAHCD4863A1ZT, registered in Rajasthan.
The CIN (Corporate Identification Number) of Devot Motors is U35999RJ2019PTC066783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devot Motors was incorporated on 25 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Devot Motors by revenue are DGST Nature Homes Private Limited, Ndlo Secretarial Services Private Limited, X-Ciel Consulting Private Limited, Weexpan Consulting Private Limited, Amaravathi Exports Private Limited and 5 more, all in the same principal business activity (Management consultancy activities).
Kapil Deo Panwar ceased to be Director on 11 Feb 2022. Shyam Lal Panwar was appointed as Director on 25 Oct 2019. Varun Deo Panwar was appointed as Director on 25 Oct 2019.
Yes, Devot Motors is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).