About Devstree I.T. Services Private Limited
Data last updated:
Devstree I.T. Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2013PTC073326. Its GSTIN is 24AADCI1450Q1ZG (Gujarat).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Iblazing I.T. Services Private Limited. It is led by directors Parker Ashokkumar Joshi and Nirav Ashok Joshi.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.68 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹33.28 Lakh (net margin 3.4%) and EBITDA of ₹79.32 Lakh (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 47% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Devstree.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devstree.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. B – 443 Money Plant High Street, Nr. Ganesh Glory 11, Ahmedabad, Gujarat, India – 382470
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Devstree I.T. Services Private Limited
The main business activity of Devstree I.T. Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Devstree I.T. Services Private Limited FY 2025 filings available
Devstree I.T. Services Private Limited reported revenue of ₹9.68 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devstree I.T. Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 25% growth in the latest year. EBITDA rose 16% 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 of Devstree I.T. Services 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 | ₹79.32 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33.28 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 Devstree I.T. Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 Devstree I.T. Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Devstree I.T. Services Private Limited
Devstree I.T. Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Data processing, hosting and related activities; web portal). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Happy Marketer Digital Private Limited | ₹9.85 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Twilight IT Solutions Private Limited | ₹9.78 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Puducherry, India |
| Victory Eservices Private Limited | ₹9.77 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Puducherry, India |
| Tuebora Software Private Limited | ₹9.69 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Grandspire Media Private Limited | ₹9.69 Cr (FY 2024) | •••• | •••• | 257.0% | •••• | New Delhi, Delhi, India |
| Devstree I.T. Services Private Limited this company | ₹9.68 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Ahmedabad, Gujarat, India |
| Kindlebit Solutions Private Limited | ₹9.67 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mohali, Punjab, India |
| Approach Media Private Limited | ₹9.61 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Ahmedabad, Gujarat, India |
| Quantile Analytics Private Limited | ₹9.59 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Indore, Madhya Pradesh, India |
| Dreams of Fountains Private Limited | ₹9.52 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Itileswale Private Limited | ₹9.52 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Devstree I.T. Services by revenue in the same principal business activity (Data processing, hosting and related activities; web portal), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devstree I.T. Services Private Limited
Devstree I.T. Services Private Limited is audited by AMBALAL PATEL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMBALAL PATEL & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Devstree I.T. Services Private Limited
Devstree I.T. Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parker Ashokkumar Joshi | Director | 30 Apr 2020 | 6 Years 5 Months | Current |
| Nirav Ashok Joshi | Director | 09 Jan 2013 | 13 Years 8 Months | Current |
Ownership and Shareholding of Devstree I.T. Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Devstree I.T. Services Private Limited
Devstree I.T. Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Devstree I.T. Services Private Limited
Devstree I.T. Services operates one associated brand: Devstree. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers web development, mobile apps, AR/VR, game development, and digital marketing services. | devstree.com |
Employees and EPFO Compliance at Devstree I.T. Services Private Limited
Devstree I.T. Services Private Limited has a workforce of 22 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Devstree I.T. Services Private Limited
Devstree I.T. Services Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Parker Ashokkumar Joshi ceased to be Additional Director on 30 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Devstree I.T. Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Devstree I.T. Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devstree I.T. Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Devstree I.T. Services Private Limited
Devstree I.T. Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCI1450Q1ZG | Gujarat | Active | 23 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Devstree I.T. Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Devstree I.T. Services Private Limited
Devstree I.T. Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 January 2013 (13+ years old) and is registered under CIN U72200GJ2013PTC073326.
Devstree I.T. Services reported revenue of ₹9.68 Cr for FY 2025 (up 25% YoY).
Devstree I.T. Services has 2 current directors:
- Parker Ashokkumar Joshi - Director
- Nirav Ashok Joshi - Director
Devstree I.T. Services reported a net profit of ₹33.28 Lakh (net margin 3.4%) and EBITDA of ₹79.32 Lakh (EBITDA margin 8.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devstree I.T. Services is 35% over three years and 47% over five years. In the latest year (FY 2025) revenue rose 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devstree I.T. Services is 24AADCI1450Q1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Devstree I.T. Services is U72200GJ2013PTC073326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devstree I.T. Services was incorporated on 09 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devstree I.T. Services by revenue are Happy Marketer Digital Private Limited, Twilight IT Solutions Private Limited, Victory Eservices Private Limited, Tuebora Software Private Limited, Grandspire Media Private Limited and 5 more, all in the same principal business activity (Data processing, hosting and related activities; web portal).
Parker Ashokkumar Joshi ceased to be Additional Director on 30 Dec 2020. Ashokkumar Manubhai Joshi ceased to be Director on 01 May 2020. Parker Ashokkumar Joshi was appointed as Director on 30 Apr 2020. Devstree I.T. Services has 5 board changes on record in total.
Yes, Devstree I.T. Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).