Deulec Innovations Private Limited
About Deulec Innovations Private Limited
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Deulec Innovations Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32309GJ2018PTC102788. Its GSTIN is 24AAGCD7313L1ZM (Gujarat).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹21 Lakh. It is led by directors Ankit Ajitkumar Patel and Dhruvi Ankit Patel.
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 2nd Floor 4 Anand Nagar Nr. New India Mill Jetalpur, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.16 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹37.08 Lakh and EBITDA of -₹22.09 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
The company is associated with 1 brand: Deulec. As per MCA filings, the company has open charges of ₹1.48 Cr on record.
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- Registered Address2nd Floor 4 Anand Nagar Nr. New India Mill Jetalpur, Vadodara, Gujarat, India – 390007
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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 of Deulec Innovations Private Limited
The main business activity of Deulec Innovations is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Deulec Innovations Private Limited FY 2025 filings available
Deulec Innovations Private Limited reported revenue of ₹4.16 Lakh (up 546% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Deulec Innovations Private Limited
Revenue rose 546% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA fell 62% 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 Deulec Innovations Private Limited
| 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 | -₹22.09 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹37.08 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Deulec Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Deulec Innovations are in the company report.
Financial statements from FY 2019
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 Deulec Innovations Private Limited
Deulec Innovations Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambesten Electricals Private Limited | ₹4.23 Lakh (FY 2025) | •••• | •••• | -94.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Anshudha Power & Automation (India) Private Limited | ₹4.23 Lakh (FY 2025) | •••• | •••• | 126.0% | •••• | Bangalore, Karnataka, India |
| Parma Electronics Private Limited | ₹4.21 Lakh (FY 2025) | •••• | •••• | 548.0% | •••• | New Delhi, Delhi, India |
| Keshiha Services Private Limited | ₹4.2 Lakh (FY 2024) | •••• | •••• | 1541.0% | •••• | Delhi, India |
| Ebg Greentech Private Limited | ₹4.17 Lakh (FY 2024) | •••• | •••• | -87.0% | •••• | Kandivali, Mumbai, Maharashtra, India |
| Deulec Innovations Private Limited this company | ₹4.16 Lakh (FY 2024) | •••• | •••• | 546.0% | •••• | Vadodara, Gujarat, India |
| Prukashee Commerce Private Limited | ₹4.14 Lakh (FY 2022) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Uptonica India Private Limited | ₹4.11 Lakh (FY 2024) | •••• | •••• | -91.0% | •••• | Udupi, Karnataka, India |
| Jayanta Lamp Industries Pvt Ltd | ₹4.11 Lakh (FY 2025) | •••• | •••• | -96.0% | •••• | Kolkata, West Bengal, India |
| Leekun Industrial Systems Private Limited | ₹4.08 Lakh (FY 2017) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Brezza Electronic Industries Private Limited | ₹4.06 Lakh (FY 2022) | •••• | •••• | 40.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Deulec Innovations by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Deulec Innovations Private Limited
Deulec Innovations has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Ajitkumar Patel | Director | 12 Jun 2018 | 8 Years 3 Months | Current |
| Dhruvi Ankit Patel | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
Charges & Borrowings of Deulec Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 May 2022 | Others | ₹74 Lakh | Open |
| 15 Feb 2022 | Others | ₹74 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Deulec Innovations Private Limited
Employment history and EPFO contributions of people linked to Deulec Innovations.
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 Deulec Innovations Private Limited
Deulec Innovations Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Pratik Ajitbhai Patel ceased to be Director on 01 Oct 2025.
Credit Ratings, Litigation & Regulatory Alerts for Deulec Innovations 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 Deulec Innovations 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 Deulec Innovations 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 Deulec Innovations Private Limited
Deulec Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCD7313L1ZM | Gujarat | Active | 25 Jun 2019 |
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 Deulec Innovations 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 Deulec Innovations Private Limited
Deulec Innovations is an active private limited company based in Vadodara, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 June 2018 (8+ years old) and is registered under CIN U32309GJ2018PTC102788.
Deulec Innovations reported revenue of ₹4.16 Lakh for FY 2024 (up 546% YoY).
Deulec Innovations has 2 current directors:
- Ankit Ajitkumar Patel - Director
- Dhruvi Ankit Patel - Director
Deulec Innovations reported a net loss of ₹37.08 Lakh and EBITDA of -₹22.09 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Deulec Innovations is -18% over three years. In the latest year (FY 2024) revenue rose 546%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Deulec Innovations is 24AAGCD7313L1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Deulec Innovations is U32309GJ2018PTC102788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deulec Innovations was incorporated on 12 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Deulec Innovations by revenue are Ambesten Electricals Private Limited, Anshudha Power & Automation (India) Private Limited, Parma Electronics Private Limited, Keshiha Services Private Limited, Ebg Greentech Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Pratik Ajitbhai Patel ceased to be Director on 01 Oct 2025. Dhruvi Ankit Patel was appointed as Director on 30 Sep 2025. Ankit Ajitkumar Patel was appointed as Director on 12 Jun 2018. Deulec Innovations has 4 board changes on record in total.
The registered office of Deulec Innovations is at 2nd Floor 4 Anand Nagar Nr. New India Mill Jetalpur, Vadodara, Gujarat, India – 390007.