Dev Labtech Venture Limited - consumer goods in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN L36100GJ1993PLC019374 Incorporated 29 April 1993 ROC Ahmedabad HQ Surat, Gujarat, India
Active Listed Public Limited Company consumer goods
Data last updated
Market Cap
₹89.02 Cr
DEVLAB · BSE
Share Price
₹18.76
-10.24% today
Revenue
₹167 Cr
FY 2025-26 · +216.0% YoY
EBITDA
₹11.27 Cr
Margin 6.7%
Net Profit
₹9.59 Cr
FY 2025-26 · +637.7% YoY
P/E (TTM)
9.4x
P/B 1.8x
ROE
20.8%
ROCE 21.0%
Debt / Equity
0.05
Interest cover 1.5x

About Dev Labtech Venture Limited

Data last updated:

Dev Labtech Venture Limited is a public limited company based in Surat, Gujarat, India. It specialises in watches and jewelry manufacturing, a part of the broader consumer goods sector. Incorporated on 29 April 1993, the company has been in operation for over 33 years.

Registered with ROC Ahmedabad under CIN L36100GJ1993PLC019374. Listed.

Capital: an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.73 Cr. Formerly known as Jay Gems (India) Private Limited and Gandhinagar Plastronics Private Limited. It is led by directors including Brijeshkumar Maheshbhai Pathak and Vivekbhai Tulsibhai Mavani.

Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: Spine – 232 2Nd Floor, Surat Diamond Bourse Dream City, Gujarat, India – 395007.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹167.18 Cr, reflecting significant growth compared to the previous year. The net worth stands at ₹50.92 Cr (up 23.68% YoY). Total assets are valued at ₹54.26 Cr (up 27.67% YoY).

The company is associated with 1 brand - Dev Labtech Venture. As per MCA filings, the company has open charges of ₹9.78 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devlabtechventure.com.

Company Details of Dev Labtech Venture Limited
CIN L36100GJ1993PLC019374
Registration Number 019374
Incorporation Date 29 April 1993
ROC Ahmedabad
Listing Status Listed
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    Spine – 232 2Nd Floor, Surat Diamond Bourse Dream City, Gujarat, India – 395007
  • Industry
    Consumer Goods, Watches & Jewelry Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Dev Labtech Venture Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Dev Labtech Venture

Dev Labtech Venture has undergone 3 name changes throughout its history. The company was previously known as Jay Gems (India) Private Limited, Gandhinagar Plastronics Private Limited, and Dev Labtech Venture Private Limited. The current legal name is Dev Labtech Venture Limited.

Company NameStatus
Dev Labtech Venture LimitedCurrent
Jay Gems (India) Private LimitedPrevious
Gandhinagar Plastronics Private LimitedPrevious
Dev Labtech Venture Private LimitedPrevious

CIN History of Dev Labtech Venture

Dev Labtech Venture has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L36100GJ1993PLC019374, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L36100GJ1993PLC019374Current
U36100GJ1993PLC019374Previous
U36100GJ1993PTC019374Previous
U25200GJ1993PTC019374Previous

Associated Brands with Dev Labtech Venture

Dev Labtech Venture operates one associated brand: Dev Labtech Venture. Each brand links to its own profile.

BrandDescriptionWebsite
Lab-grown diamonds and jewelry are manufactured and exported.devlabtechventure.com

Business Activity of Dev Labtech Venture

The main business activity of Dev Labtech Venture is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activitiesLocked
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Business activity turnover details for Dev Labtech Venture Limited

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.

Auditor Details of Dev Labtech Venture

Dev Labtech Venture Limited is audited by V. DHAMSANIA & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
V. DHAMSANIA & ASSOCIATESLockedLockedLocked
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Complete auditor history for Dev Labtech Venture Limited

Appointment and cessation dates and past auditor changes are in the company report.

  • Appointment status
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  • Auditor changes

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Board of Directors and KMP of Dev Labtech Venture Limited

Dev Labtech Venture Limited currently reports 5 directors and 1 key managerial person. 4 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Brijeshkumar Maheshbhai PathakDirector07 Sep 20224 Years 0 MonthsCurrent
Vivekbhai Tulsibhai MavaniDirector19 Aug 20224 Years 1 MonthsCurrent
Pankaj Valjibhai PandavCompany Secretary08 Aug 20242 Years 1 MonthsCurrent
Jerambhai Lavjibhai DondaManaging Director29 Apr 199333 Years 5 MonthsCurrent
Dimple Jay DondaDirector03 Jun 20224 Years 3 MonthsCurrent
Jay Jerambhai DondaWhole-Time Director18 Apr 201115 Years 5 MonthsCurrent

Financials of Dev Labtech Venture Limited FY 2025-26 filings available

Dev Labtech Venture Limited reported revenue of ₹167.18 Cr (up 218.98% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹167 Cr
+219.0% YoY
EBITDA
₹11.27 Cr
+267.1% YoY
Profit After Tax
₹9.59 Cr
+637.7% YoY
Net Worth
₹50.92 Cr
+23.7% YoY
Total Assets
₹54.26 Cr
+27.7% YoY
Total Debt
₹3.24 Cr
+202.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue16752.4143.22
Revenue growth+216.0%+22.3%+9997.0%
EBITDA11.273.072.87
EBITDA margin+6.7%+5.9%+6.6%
Profit before tax10.011.851.83
Net profit9.591.301.34
Net profit margin+5.7%+2.5%+3.1%
EPS (₹)8.071.141.62
Balance sheet
Total assets54.2642.5026.94
Net worth50.9241.1725.78
Total debt3.241.071.10
Cash & bank0.370.070.17
Net working capital50.5337.6321.97
Cash flow
Cash from operations(1.79)(12.97)(9.28)
Cash from investing(0.20)(0.99)(1.78)
Cash from financing2.3013.905.43
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59.3052.4143.2230.3426.9812.2411.79
Revenue growth+16.8%+22.3%+42.0%+8.2%+119.6%+4.7%+9997.0%
EBITDA1.653.072.871.920.720.280.37
EBITDA margin+2.8%+5.9%+6.6%+6.3%+2.7%+2.3%+3.1%
Profit before tax0.431.851.831.430.610.050.04
Net profit0.001.301.340.920.420.03(0.01)
Net profit margin0.0%+2.5%+3.1%+3.0%+1.6%+0.3%-0.1%
EPS (₹)0.011.141.621.233.931.740.02
Balance sheet
Total assets47.1242.5026.9420.073.253.303.02
Net worth43.7841.1725.7818.882.031.491.45
Total debt3.241.071.101.131.231.781.54
Cash & bank0.200.070.175.810.070.030.04
Net working capital42.1137.6321.9715.802.622.311.92
Cash flow
Cash from operations(3.11)(12.97)(9.28)(5.72)0.18(0.08)0.30
Cash from investing(1.47)(0.99)(1.78)(4.17)0.36(0.01)(0.02)
Cash from financing4.7213.905.4315.63(0.50)0.08(0.26)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue16752.4143.22
Revenue growth+216.0%+22.3%+9997.0%
Other income0.030.010.01
Total expenses15649.3440.35
Employee cost2.162.501.73
EBITDA11.273.072.87
EBITDA margin+6.7%+5.9%+6.6%
Depreciation1.141.110.93
Interest0.150.120.12
Profit before tax10.011.851.83
Tax0.420.550.49
Net profit9.591.301.34
Net profit margin+5.7%+2.5%+3.1%
EPS (₹)8.071.141.62
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital11.8611.308.27
Reserves & surplus39.0629.0011.94
Shareholders' funds (net worth)50.9241.1725.78
Minority interest0.000.000.00
Secured loans3.241.071.10
Unsecured loans0.000.000.00
Total debt3.241.071.10
Total liabilities54.2642.5026.94
Assets
Gross block7.697.486.50
Net block3.954.885.01
Capital work in progress0.000.000.00
Investments0.000.000.00
Inventories75.2932.2719.78
Sundry debtors81.334.881.91
Cash & bank balances0.370.070.17
Loans & advances4.191.871.77
Total current assets16139.0923.63
Total current liabilities1111.461.66
Net working capital50.5337.6321.97
Total assets54.2642.5026.94
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.070.135.81
Net cash from operating activities(1.79)(12.97)(9.28)
Net cash from investing activities(0.20)(0.99)(1.78)
Net cash from financing activities2.3013.905.43
Net change in cash0.30(0.06)(5.63)
Closing cash0.370.070.17
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+219.0%+21.3%+9997.0%
EBITDA growth+267.1%+7.0%+9997.0%
PBT growth+441.1%+1.1%+9997.0%
Net income growth+637.7%-3.0%+9997.0%
Profitability & leverage
Net income margin+5.7%+2.5%+3.1%
Return on capital employed+21.0%+5.6%+7.2%
Return on net worth+20.8%+3.9%+5.2%
Debt / equity0.050.030.04
Long-term debt / equity0.050.030.04
Interest cover1.486.126.19
Efficiency & per share
Fixed asset turnover22.047.506.65
Inventory turnover3.112.012.19
Debtors turnover3.8815.4422.63
EPS (₹)8.071.141.62
Dividend per share (₹)0.000.000.00
Book value per share (₹)42.9335.6524.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59.3052.4143.2230.3426.9812.2411.79
Revenue growth+16.8%+22.3%+42.0%+8.2%+119.6%+4.7%+9997.0%
Other income0.030.010.010.160.120.040.00
Total expenses57.6549.3440.3528.4226.2611.9611.42
Employee cost2.142.501.731.411.191.021.07
EBITDA1.653.072.871.920.720.280.37
EBITDA margin+2.8%+5.9%+6.6%+6.3%+2.7%+2.3%+3.1%
Depreciation1.141.110.930.550.090.110.15
Interest0.110.120.120.100.140.160.18
Profit before tax0.431.851.831.430.610.050.04
Tax0.420.550.490.390.100.020.05
Net profit0.001.301.340.920.420.03(0.01)
Net profit margin0.0%+2.5%+3.1%+3.0%+1.6%+0.3%-0.1%
EPS (₹)0.011.141.621.233.931.740.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.8611.308.278.271.260.210.21
Reserves & surplus31.9229.0011.9410.610.771.281.24
Shareholders' funds (net worth)43.7841.1725.7818.882.031.491.45
Secured loans3.241.071.101.131.231.611.54
Unsecured loans0.000.000.000.000.000.170.00
Total debt3.241.071.101.131.231.781.54
Total liabilities47.1242.5026.9420.073.253.303.02
Assets
Gross block7.697.486.505.461.351.601.59
Net block3.954.885.014.150.380.710.81
Capital work in progress0.000.000.000.000.000.000.00
Investments1.270.000.000.000.000.000.00
Inventories38.2332.2719.787.673.082.883.48
Sundry debtors5.014.881.914.704.082.992.27
Cash & bank balances0.200.070.175.810.070.030.04
Loans & advances2.251.871.771.281.080.250.23
Total current assets45.6939.0923.6319.468.316.156.02
Total current liabilities3.581.461.663.665.693.844.10
Net working capital42.1137.6321.9715.802.622.311.92
Total assets47.1242.5026.9420.073.253.303.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.070.135.810.070.030.040.02
Net cash from operating activities(3.11)(12.97)(9.28)(5.72)0.18(0.08)0.30
Net cash from investing activities(1.47)(0.99)(1.78)(4.17)0.36(0.01)(0.02)
Net cash from financing activities4.7213.905.4315.63(0.50)0.08(0.26)
Net change in cash0.13(0.06)(5.63)5.740.04(0.01)0.02
Closing cash0.200.070.175.810.070.030.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+13.2%+21.3%+42.5%+12.5%+120.4%+3.8%+9997.0%
EBITDA growth-46.3%+7.0%+49.5%+166.7%+157.1%-24.3%+9997.0%
PBT growth-76.8%+1.1%+28.0%+134.4%+1120.0%+25.0%+9997.0%
Net income growth+9997.0%-3.0%+45.7%+119.1%+1300.0%+9998.0%+9997.0%
Revenue CAGR (3Y)+25.0%+24.8%+52.3%+37.0%---
EBITDA CAGR (3Y)-4.9%+62.2%+117.2%+73.1%---
Profitability & leverage
Net income margin+0.0%+2.5%+3.1%+3.4%+1.9%+0.3%-0.1%
Return on capital employed+1.2%+5.6%+8.3%+11.6%+18.9%+7.0%+7.6%
Return on net worth+0.0%+3.9%+6.0%+8.6%+22.7%+2.7%0.0%
Debt / equity0.050.030.050.110.851.131.06
Long-term debt / equity0.050.030.050.110.720.870.81
Interest cover21.576.126.197.3022.2294.1281.82
Efficiency & per share
Fixed asset turnover7.827.507.238.9118.297.677.42
Inventory turnover1.682.013.155.649.053.853.39
Debtors turnover11.9915.4413.086.917.634.655.19
EPS (₹)0.011.141.621.233.931.740.02
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)36.9035.6524.4322.8316.1270.8669.11
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Shareholding Pattern of Dev Labtech Venture Limited

Shareholding for the quarter ended Sep 2026: promoters hold 56.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.30%.

Promoters: 56.70%Retail & Others: 43.30%
Sep 2026
QUARTER
56.70% Promoters
43.30% Retail & Others
Promoter holding - history
Now 56.70% · Sep 2026High 56.70% · Jun 2026Low 54.60% · Dec 2025
53%54.3%55.5%56.8%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 54.60%Mar 2026: 54.60%Jun 2026: 56.70%Sep 2026: 56.70%56.70%54.60%56.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.70%56.70%54.60%54.60%
Public43.30%43.30%45.40%45.40%

Charges & Borrowings of Dev Labtech Venture

Open charges
₹9.78 Cr
Satisfied charges
₹0
Breakdown by lending institutions
Sidbi₹7.44 Cr
Hdfc Bank Limited₹2.10 Cr
Gujrat State Financial Corporation₹0.24 Cr
Latest charge details
DateLenderAmountStatus
05 Sep 2026Hdfc Bank Limited₹2.1 CrOpen
27 Mar 2026Sidbi₹7.44 CrOpen
18 Oct 1994Gujrat State Financial Corporation₹23.5 LakhOpen

Total charge records: 3 View all charges

Employees and EPFO Compliance at Dev Labtech Venture

Employment history and EPFO contributions of people linked to Dev Labtech Venture.

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Employee and EPFO history for Dev Labtech Venture Limited

Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Dev Labtech Venture

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GST registrations and filing compliance for Dev Labtech Venture Limited

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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Credit Ratings, Litigation & Regulatory Alerts for Dev Labtech Venture

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Credit ratings, litigation, and regulatory alerts for Dev Labtech Venture Limited

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MSME Payment Delays by Dev Labtech Venture

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MSME payment history for Dev Labtech Venture Limited

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 Dev Labtech Venture

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Corporate group structure for Dev Labtech Venture Limited

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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MCA Filings & Documents of Dev Labtech Venture

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MCA filings and documents for Dev Labtech Venture Limited

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Recent Activity on Dev Labtech Venture

Charges
05 Sep 2026
A charge with Hdfc Bank Limited amounted to Rs. 2.10 Cr with Charge ID 101382651 was registered on 05 Sep 2026.
Charges
27 Mar 2026
A charge with Sidbi amounted to Rs. 7.44 Cr with Charge ID 101260063 was registered on 27 Mar 2026.
Activity
27 Sep 2025
Dev Labtech Venture Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Dev Labtech Venture Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
10 Sep 2024
Pankaj Valjibhai Pandav was appointed as a Company Secretary on 10 Sep 2024 & has been associated with this company since 2 years 22 days.
Directors
08 Aug 2024
Pankaj Valjibhai Pandav was appointed as a Company Secretary on 08 Aug 2024 & has been associated with this company since 2 years 1 month.

Frequently Asked Questions about Dev Labtech Venture Limited

Dev Labtech Venture is an active public limited company in the consumer goods sector based in Surat, Gujarat, India. It was incorporated on 29 April 1993 (33+ years old) and is registered under CIN L36100GJ1993PLC019374.

Dev Labtech Venture reported revenue of ₹167.18 Cr for FY 2025-26 (up 218.98% YoY) based on consolidated financials.

The current directors and KMP of Dev Labtech Venture are:

The primary industry of Dev Labtech Venture is consumer goods. The company specifically operates in watches and jewelry manufacturing. The company is currently active in this sector.

Yes, Dev Labtech Venture is a listed company.

Dev Labtech Venture can be reached at the registered office: Spine – 232 2Nd Floor, Surat Diamond Bourse Dream City, Gujarat, India – 395007, or through the website devlabtechventure.com.

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