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Ddev Spices Private Limited - food and beverages in Nadiad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.45 Cr
▲ 61% YoY
Net profit · FY 2024
₹2.29 Cr
Net margin 8.3%
EBITDA · FY 2024
₹2.72 Cr
EBITDA margin 9.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹12.14 Cr
Satisfied ₹2.59 Cr
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Ddev Spices Private Limited
Data last updated:
Ddev Spices Private Limited is a private limited company based in Nadiad, Gujarat, India, recognised as a startup by DPIIT. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 30 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15545GJ2019PTC107903. Its GSTIN is 24AAHCD2191B1Z4 (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Pankaj Chandrakant Tahelyani and Janviben Tahelyani.
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 Nadiad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.45 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹2.29 Cr (net margin 8.3%) and EBITDA of ₹2.72 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years.
The company is associated with 1 brand: DDev Spices. As per MCA filings, the company has open charges of ₹12.14 Cr and satisfied charges of ₹2.59 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Ddev Spices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-12-0000600). For more details, the company can be reached via its website devspices.in.
Company details
CIN U15545GJ2019PTC107903
Registration Number 107903
Incorporation Date 30 April 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-12-0000600
Recognitions & Rankings of Ddev Spices
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-12-0000600
Contact details
Ddev Spices Private Limited's registered office is in Nadiad, Gujarat. Its website is devspices.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG – 7 Swastik Landmark, Kamla (Part), Nadiad, Gujarat, India – 387320
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Ddev Spices Private Limited, buy the company report.
Comprehensive company report
Ddev Spices 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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Brands
Ddev Spices operates one associated brand: DDev Spices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spice manufacturing, exporting, and supplying from India. | devspices.in |
Business activity
The main business activity of Ddev Spices is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Ddev Spices Private Limited, buy the company report.
Financials of Ddev Spices Private Limited
FY 2024 filings availableDdev Spices Private Limited reported revenue of ₹27.45 Cr (up 61% YoY) for FY 2024.
Revenue · FY 2024
₹27.45 Cr ▲ 61%
Net profit · FY 2024
₹2.29 Cr margin 8.3%
EBITDA · FY 2024
₹2.72 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 109%
EBITDA CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 141%
Revenue has grown at a compounded annual rate (CAGR) of 109% over three years, including 61% growth in the latest year. EBITDA rose 76% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.29 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 8.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ddev Spices Private Limited, buy the company report.
Board of directors of Ddev Spices Private Limited
Ddev Spices has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Chandrakant Tahelyani Also directs: Shahenshah Foods Private Limited | Director | 30 Apr 2019 | 7 Years 6 Months | Current |
| Janviben Tahelyani Also directs: Shahenshah Foods Private Limited | Director | 25 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Ddev Spices Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Spices), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bawa Masala Company Private Limited | ₹28.18 Cr (FY 2023) | 9.0% | Delhi, India | |||
| PCK Agri Ventures Private Limited | ₹27.65 Cr (FY 2025) | 2.0% | Virudhunagar, Tamil Nadu, India | |||
| Ddev Spices Private Limitedthis company | ₹27.45 Cr (FY 2024) | ₹2.29 Cr | 8.3% | 61.0% | Nadiad, Gujarat, India | |
| Radha Kishan Gobind Ram Ltd | ₹27.01 Cr (FY 2024) | 4.0% | New Delhi, Delhi, India | |||
| Archita India Private Limited | ₹26.91 Cr (FY 2024) | 2.0% | Kanpur, Uttar Pradesh, India | |||
| Y.P. Spices Private Limited | ₹26.7 Cr (FY 2025) | 14.0% | Ghaziabad, Uttar Pradesh, India | |||
| Saoji Spices Private Limited | ₹26.55 Cr (FY 2025) | 9.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Ddev Spices Private Limited, buy the company report.
Auditor
Ddev Spices Private Limited is audited by NIRAV R SHAH & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV R SHAH & ASSOCIATES | FY 2022 | 122545 |
Shareholding
The shareholding of Ddev Spices Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ddev Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.14 Cr
Satisfied charges
₹2.59 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2025 | 101168637 | Indian Bank | ₹1 Cr | Open | |
| 04 Sep 2025 | 101161410 | Indian Bank | ₹3.3 Cr | Open | |
| 04 Sep 2025 | 101161408 | Indian Bank | ₹1 Cr | Open | |
| 07 Feb 2025 | 101052985 | Indian Bank | ₹8.85 Lakh | Open | |
| 07 Mar 2024 | 100892943 | Indian Bank | ₹25 Lakh | Open |
To see the full charge records of Ddev Spices Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Ddev Spices Private Limited has 1 court case on record: 1 filed by Ddev Spices. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Madhya Gujarat Vij Company Ltd and 3 others | Pending |
To see the full case history of Ddev Spices 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 Ddev Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ddev Spices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCD2191B1Z4 | Gujarat | Active | 08 Aug 2019 |
To see the full GST registrations and return filing status of Ddev Spices Private Limited, buy the company report.
Recent activity
Ddev Spices Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Janviben Tahelyani ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Indian Bank amounted to Rs. 100.00 Lakh with Charge ID 101168637 was registered on 24 Sep 2025.
Charges
A charge with Indian Bank of Rs. 650.00 Lakh registered on 18 Jan 2021 with Charge ID 100414634 was modified on 24 Sep 2025.
Charges
A charge with Indian Bank amounted to Rs. 330.00 Lakh with Charge ID 101161410 was registered on 04 Sep 2025.
Charges
A charge with Indian Bank amounted to Rs. 100.00 Lakh with Charge ID 101161408 was registered on 04 Sep 2025.
Charges
A charge registered on 18 Sep 2023 via Charge ID 100831082 with Indian Bank was fully satisfied on 30 Jul 2025.
Charges
A charge registered on 10 Dec 2021 via Charge ID 100519589 with Indian Bank was fully satisfied on 30 Jul 2025.
Charges
A charge registered on 17 Aug 2020 via Charge ID 100359730 with Indian Bank was fully satisfied on 30 Jul 2025.
Charges
A charge registered on 19 Nov 2019 via Charge ID 100307147 with Indian Bank was fully satisfied on 30 Jul 2025.
Charges
A charge with Indian Bank amounted to Rs. 8.85 Lakh with Charge ID 101052985 was registered on 07 Feb 2025.
AGM
Ddev Spices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ddev Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Indian Bank amounted to Rs. 25.00 Lakh with Charge ID 100892943 was registered on 07 Mar 2024.
10 earlier events are in the company report.
Frequently asked questions
Ddev Spices is an active private limited company based in Nadiad, Gujarat, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 30 April 2019 (7+ years old) and is registered under CIN U15545GJ2019PTC107903.
Ddev Spices has 2 current directors:
- Pankaj Chandrakant Tahelyani - Director
- Janviben Tahelyani - Director
The latest financial statements of Ddev Spices 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 2020 are in the company report.
The GSTIN of Ddev Spices is 24AAHCD2191B1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Ddev Spices is U15545GJ2019PTC107903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ddev Spices has 1 court case on record: 1 filed by the company. 1 is pending.
Ddev Spices was incorporated on 30 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ddev Spices by revenue are Bawa Masala Company Private Limited, PCK Agri Ventures Private Limited, Radha Kishan Gobind Ram Ltd, Archita India Private Limited, Y.P. Spices Private Limited and 1 more, all in the Food and Beverages industry (Spices), with the same principal business activity (food, beverages and tobacco products).
Janviben Tahelyani ceased to be Additional Director on 29 Sep 2023. Janviben Tahelyani was appointed as Director on 25 Feb 2023. Chandrakant Gordhandas Tahelyani ceased to be Director on 21 Jan 2023. Ddev Spices has 4 board changes on record in total.
Yes, Ddev Spices is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ddev Spices is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-12-0000600).
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