About Dee Vee Projects Limited
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Dee Vee Projects Limited is a public limited company based in Korba, Chhattisgarh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 04 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U45209CT2012PLC000382. Its GSTIN is 22AAECD4619B2Z9 (Chhattisgarh). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹35.41 Cr. It is led by directors including Ritesh Bhawnani (Whole-Time Director) and Deepak Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at First Floor Vikas Complex P. H. Road, Korba, Chhattisgarh, India – 495677.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,002.43 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹41.85 Cr (net margin 4.2%) and EBITDA of ₹82.79 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 1,186 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dee Vee Projects Limited. As per MCA filings, the company has open charges of ₹994.78 Cr and satisfied charges of ₹444.09 Cr on record. Court records list 49 cases involving the company, including 30 filed by the company and 19 filed against it; 8 cases are pending. The company has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.41 Cr; the latest was in March 2021. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 3 smaller; the largest is U.P. Projects Corporation Limited with revenue of ₹1,030.77 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 35 overdue payments to 19 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dvplindia.com.
Company details
Contact details
Dee Vee Projects Limited's registered office is in Korba, Chhattisgarh. Its website is dvplindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFirst Floor Vikas Complex P. H. Road, Korba, Chhattisgarh, India – 495677
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Dee Vee Projects 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
Brands
Dee Vee Projects operates one associated brand: Dee Vee Projects Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction and infrastructure development services are offered by Dee Vee Projects Limited in India. | dvplindia.in |
Business activity
The main business activity of Dee Vee Projects is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Dee Vee Projects Limited, buy the company report.
Financials of Dee Vee Projects Limited
FY 2024 filings availableDee Vee Projects Limited reported revenue of ₹1,002.43 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 1% growth in the latest year. EBITDA fell 8% 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 | ₹82.79 Cr | ||||
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| Net Profit (PAT) | ₹41.85 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dee Vee Projects Limited, buy the company report.
Board of directors of Dee Vee Projects Limited
Dee Vee Projects has 15 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dheeraj Dubey | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Ritesh Bhawnani | Whole-Time Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Deepak Patel Also directs: Djva Projects Private Limited, DJV Satna Infra Private Limited, Black Sapphire Buildiko Private Limited and 1 more | Whole-Time Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Ashok Patel | Whole-Time Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Deep Patel | Whole-Time Director | 12 Feb 2022 | 4 Years 8 Months | Current |
| Dinesh Kumar Patel Also directs: Green Earth Blockchain Private Limited | Whole-Time Director | 04 Jun 2012 | 14 Years 5 Months | Current |
Peer comparison
Dee Vee Projects Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| U.P. Projects Corporation Limited | ₹1,030.77 Cr (FY 2023) | 17.0% | Uttar Pradesh, India | |||
| Krishna Corpindia Private Limited | ₹1,013.36 Cr (FY 2025) | 61.0% | Ahmedabad, Gujarat, India | |||
| Thakur Infra Projects Private Limited | ₹1,009.55 Cr (FY 2025) | 6.0% | Panvel, Maharashtra, India | |||
| Dee Vee Projects Limitedthis company | ₹1,002.43 Cr (FY 2024) | ₹41.85 Cr | 4.2% | 1.0% | 1,186 | Korba, Chhattisgarh, India |
| Jhajharia Nirman Limited | ₹993.97 Cr (FY 2024) | 37.0% | New Delhi, Delhi, India | |||
| Shivam Condev Private Limited | ₹988.22 Cr (FY 2025) | 10.0% | Bhubaneswar, Odisha, India | |||
| Sri SCL Infratech Limited | ₹983.04 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Dee Vee Projects Limited, buy the company report.
Auditor
Dee Vee Projects Limited is audited by AGRAWAL SUBHASH KRISHNA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL SUBHASH KRISHNA & CO. | FY 2023 | 009072C |
Shareholding
The shareholding of Dee Vee Projects Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dee Vee Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2025 | 101189842 | Others | ₹60 Lakh | Open | |
| 31 Oct 2025 | 101197767 | Others | ₹1.39 Cr | Open | |
| 31 Oct 2025 | 101189844 | Others | ₹31.3 Lakh | Open | |
| 24 Sep 2025 | 101189836 | Others | ₹74 Lakh | Open | |
| 23 Sep 2025 | 101193083 | Others | ₹23 Lakh | Open |
To see the full charge records of Dee Vee Projects Limited, buy the company report.
Total charge records: 273 View all charges
Deals & funding
Dee Vee Projects Limited has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.41 Cr; the latest was in March 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹8 Cr | Investors: Naveen Kumar Patel & Sons, 3 individuals |
| Jan 2020 | Funding round | ₹5.5 Cr | Investors: 4 individuals |
| Dec 2018 | Funding round | ₹40.7 Lakh | Investors: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Dee Vee Projects 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
Dee Vee Projects Limited has 49 court cases on record: 30 filed by Dee Vee Projects, 19 filed against it. 8 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 6 | 4 |
| District courts | 18 | 12 | 4 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against M/S Hindustan Urvarak and Rasayan Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Ms Hindustan Urvarak and Rasayan Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against HPCL Rajasthan Refinery Limited | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against NBCC (India) Limited and Ors | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Hindustan Urvarak and Rasayan Limited | Disposed |
To see the full case history of Dee Vee Projects 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.
Credit ratings & regulatory alerts
Dee Vee Projects Limited was last rated by Care on 08 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Sep 2022 |
To see the full credit ratings and regulatory alerts of Dee Vee Projects Limited, buy the company report.
MSME payment delays
Dee Vee Projects Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 35 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maa Youshoda Equipments Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Divine Empire India Private Limited |
To see the full MSME payment records of Dee Vee Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Dee Vee Projects Limited has a workforce of 1,186 employees on its EPFO records as of Apr 25, 2024, across 1 active EPFO establishment.
GST
Dee Vee Projects has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAECD4619B2Z9 | Chhattisgarh | Active | 01 Jul 2017 |
| 21AAECD4619B1ZC | Odisha | Active | 01 Jul 2017 |
| 23AAECD4619B1Z8 | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAECD4619B1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dee Vee Projects Limited, buy the company report.
Recent activity
Dee Vee Projects Limited has 29 board changes on record since 2012: 22 appointments and 7 cessations. The latest: Amit Sharma ceased to be Director on 01 Apr 2025.
390 earlier events are in the company report.
Frequently asked questions
Dee Vee Projects is an active public limited company based in Korba, Chhattisgarh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 04 June 2012 (14+ years old) and is registered under CIN U45209CT2012PLC000382.
Dee Vee Projects has 15 current directors:
- Ritesh Bhawnani - Whole-Time Director
- Deepak Patel - Whole-Time Director
- Ashok Patel - Whole-Time Director
- Deep Patel - Whole-Time Director
- Dinesh Kumar Patel - Whole-Time Director
- Navin Kumar Patel - Whole-Time Director
- Vivek Ranjan Mahto - Whole-Time Director
- Vikas Ranjan Mahto - Whole-Time Director
- Hitesh Luna - Whole-Time Director
- Dheeraj Dubey - Director
- Gaurav Gupta - Director
- Sumit Ranjan Das - Director
- Avinash Bansal - Director
- Swati Das - Director
- Rishabh Agrawal - Director
The latest financial statements of Dee Vee Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Dee Vee Projects is 22AAECD4619B2Z9, registered in Chhattisgarh. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 21AAECD4619B1ZC (Odisha), 23AAECD4619B1Z8 (Madhya Pradesh), 27AAECD4619B1Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Dee Vee Projects is U45209CT2012PLC000382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dee Vee Projects has 49 court cases on record: 30 filed by the company and 19 filed against it. 8 are pending. Most are in the high courts.
Dee Vee Projects was incorporated on 04 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Dee Vee Projects has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹33.41 Cr; the latest was in March 2021.
The peers of Dee Vee Projects by revenue are U.P. Projects Corporation Limited, Krishna Corpindia Private Limited, Thakur Infra Projects Private Limited, Jhajharia Nirman Limited, Shivam Condev Private Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Amit Sharma ceased to be Director on 01 Apr 2025. Rishabh Agrawal was appointed as Director on 01 Apr 2025. Swati Das was appointed as Director on 08 Feb 2023. Dee Vee Projects has 29 board changes on record in total.
Dee Vee Projects has 3 MSME Form 1 returns on record between 2019 and 2020, listing 35 overdue payments to 19 micro and small suppliers. The latest return was filed on 18 Sep 2020.
Dee Vee Projects can be reached through the website dvplindia.com. Its registered office is in Korba, Chhattisgarh, India.
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