MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-RJ-17-0049337
Dev Milk Foods Private Limited. - food and beverages in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹140.95 Cr
▲ 33% YoY
Net loss · FY 2025
₹31.88 Cr
Net margin -22.6%
EBITDA · FY 2025
-₹11.59 Cr
EBITDA margin -8.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.11 Cr
Issued & subscribed
Open charges
₹57.16 Cr
Satisfied ₹13.33 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
298
Provident fund records
About Dev Milk Foods Private Limited.
Data last updated:
Dev Milk Foods Private Limited. is a private limited company based in Jaipur, Rajasthan, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 01 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U51229RJ2004PTC082018. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.11 Cr. It is led by directors including Rohit Verma and Krishan Dev Verma.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 112 – 113 First Floor Sunny Paradise Tonk Road, Jaipur, Rajasthan, India – 302015.
As per the financials filed for FY 2025, the company reported a revenue of ₹140.95 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹31.88 Cr (net margin -22.6%) and EBITDA of -₹11.59 Cr (EBITDA margin -8.2%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 31% over five years.
The company has about 298 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Frubon. As per MCA filings, the company has open charges of ₹57.16 Cr and satisfied charges of ₹13.33 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 17 deals on record (9 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹146.6 Cr; the latest was in July 2026. Its 10 peer companies in the Food and Beverages industry (Food and Beverages Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Sainik Industries Private Limited with revenue of ₹143.16 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 241 overdue payments to 22 micro and small suppliers.
Dev Milk Foods Private Limited. is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0049337). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frubon.com.
Company Details of Dev Milk Foods Private Limited.
CIN U51229RJ2004PTC082018
Registration Number 082018
Incorporation Date 01 June 2004
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-17-0049337
CIN History of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited has one previous CIN (Corporate Identification Number): U51229DL2004PTC126701. The current CIN is U51229RJ2004PTC082018, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51229RJ2004PTC082018 | Current |
| U51229DL2004PTC126701 | Previous |
Recognitions & Rankings of Dev Milk Foods Private Limited
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address112 – 113 First Floor Sunny Paradise Tonk Road, Jaipur, Rajasthan, India – 302015
- IndustryFood and Beverages, Dairy Products & Milk Processing
Comprehensive company report
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Associated Brands with Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited operates one associated brand: FRUBON. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A variety of multi-category dairy products is offered by FRUBON. | frubon.com |
Business Activity of Dev Milk Foods Private Limited.
The main business activity of Dev Milk Foods Private Limited is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
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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 Dev Milk Foods Private Limited. FY 2024 filings available
Dev Milk Foods Private Limited. reported revenue of ₹140.95 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹140.95 Cr ▲ 33%
Net loss · FY 2025
₹31.88 Cr margin -22.6%
EBITDA · FY 2025
-₹11.59 Cr margin -8.2%
Compounded Annual Growth Rate (CAGR) of Dev Milk Foods Private Limited.
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 44%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 43%
5 years · compounded
▼ 20%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 33% growth in the latest year. EBITDA fell 22% 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 Dev Milk Foods 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 | -₹11.59 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹31.88 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 of Dev Milk Foods 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 | -22.6% | •••• | •••• | •••• | •••• |
| 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 Dev Milk Foods Private Limited are in the company report.
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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.
Board of Directors of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Verma Also directs: DMF Management LLP, Lotus Farmfresh Foods Private Limited | Director | 14 Dec 2009 | 16 Years 10 Months | Current |
| Krishan Dev Verma Also directs: Innovate Autotech Private Limited | Director | 02 Sep 2010 | 16 Years 1 Months | Current |
| Dharam Dev Verma Also directs: DMF Management LLP, Lotus Farmfresh Foods Private Limited | Director | 07 Mar 2020 | 6 Years 7 Months | Current |
| Shilpa Manohar Bhattar | Nominee Director | 07 May 2025 | 1 Years 5 Months | Current |
| Rahul Verma Also directs: DMF Management LLP, Innovate Autotech Private Limited | Director | 07 Mar 2020 | 6 Years 7 Months | Current |
| Adarsh Menon Also directs: Borosil Limited, Underneat Clothing Private Limited, Happi Planet Eco Products Private Limited and 2 more | Nominee Director | 07 May 2025 | 1 Years 5 Months | Current |
Peer Comparison of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sainik Industries Private Limited | ₹143.16 Cr (FY 2024) | •••• | •••• | -79.0% | •••• | New Delhi, Delhi, India |
| Tanvi Fitness Private Limited | ₹142.66 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gurgaon, Haryana, India |
| Santdev Agri Farmer Producer Company Limited | ₹142.14 Cr (FY 2025) | •••• | •••• | 204.0% | •••• | Shahjahanpur, Uttar Pradesh, India |
| Maa Vaishnav Devi Tradewing Private Limited | ₹141.63 Cr (FY 2021) | •••• | •••• | 1775.0% | •••• | Gwalior, Madhya Pradesh, India |
| Geeta Distributors Private Limited | ₹141.15 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Patna, Bihar, India |
| Dev Milk Foods Private Limited. this company | ₹140.95 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Jaipur, Rajasthan, India |
| Krishvan Oleo Chemicals Private Limited | ₹140.61 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Shakshi Commercial Co Private Limited | ₹140.44 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kolkata, West Bengal, India |
| Akg Rice Processors Private Limited | ₹140.44 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | Delhi, India |
| Jatan Greentech Private Limited | ₹140.29 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Ahmedabad, Gujarat, India |
| Chandalia Mercantiles Private Limited | ₹140.21 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Dev Milk Foods Private Limited by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), 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 Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. is audited by Kalani & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kalani & Company | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Ownership and Shareholding of Dev Milk Foods Private Limited.
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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 Dev Milk Foods Private Limited.
Open charges
₹57.16 Cr
Satisfied charges
₹13.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Apr 2024 | Others | ₹7.13 Cr | Open |
| 25 Mar 2023 | Others | ₹49.07 Cr | Open |
| 25 Mar 2023 | Others | ₹14.64 Lakh | Open |
| 25 Mar 2023 | Others | ₹37 Lakh | Open |
| 25 Mar 2023 | Others | ₹44 Lakh | Open |
Total charge records: 9 View all charges
Deals & Funding of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. has 17 deals on record (9 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹146.6 Cr; the latest was in July 2026.
Total deals
17
Secondary share transfers
9
Funding rounds
6
Rights issue
1
Debt financing
1
Disclosed funding
₹146.6 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Debt financing | ₹10 Cr | Investors: Trifecta Capital |
| Sep 2025 | Funding round · Pre-Series B | ₹50.57 Cr | Investors: Fireside Ventures, Narotam Sekhsaria Family Office, 2 individuals |
| Jan 2024 | Funding round · Series A | ₹64.33 Cr | Investors: Fireside Ventures, Lumis Partners, 2 individuals |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Satvijay Investment & Consultancy Services Pvt Ltd , Pushma Investment Private Limited |
| Feb 2008 | Funding round | ₹50.5 Lakh | Investors: Satvijay Investment & Consultancy Services Pvt Ltd , Pushma Investment Private Limited, Mohit Khush Commercial India Private Limited |
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Full deal history
All 17 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. has 2 court cases on record: 2 filed by Dev Milk Foods Private Limited. All cases are pending. Status as checked on 01 Oct 2026.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against Rekha Bansal Proprieter M/S Vinayak Enterprises | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
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- Decision dates and orders
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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 by Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. has 14 MSME Form 1 returns on record between 2019 and 2024, listing 241 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| General Scientific Company | •••• | •••• | •••• |
| Shree Plastico | •••• | •••• | •••• |
| SJ Thermoforming | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. has a workforce of 298 employees as of Apr 06, 2024.
Employee count
298
Active EPFO establishments
1
Employee growth
17.79%
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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 Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited. has 12 board changes on record since 2009: 7 appointments and 5 cessations. The latest: Adarsh Menon was appointed as Nominee Director on 07 May 2025.
Charges
A charge with Others of Rs. 49.07 Cr registered on 25 Mar 2023 with Charge ID 100712121 was modified on 30 May 2025.
Appointed
Adarsh Menon was appointed as Nominee Director.
Appointed
Shilpa Manohar Bhattar was appointed as Nominee Director.
Ceased
Vinay Singh ceased to be Nominee Director.
Ceased
Arvind Kumar ceased to be Nominee Director.
AGM
Dev Milk Foods Private Limited. last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 7.13 Cr with Charge ID 100930112 was registered on 15 Apr 2024.
Filing
Dev Milk Foods Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
Charges
A charge registered on 29 May 2019 via Charge ID 100280690 with Hdfc Bank Limited was fully satisfied on 22 May 2023.
Charges
A charge registered on 22 Apr 2019 via Charge ID 100274846 with Hdfc Bank Limited was fully satisfied on 22 May 2023.
Charges
A charge registered on 27 Mar 2017 via Charge ID 100090031 with Hdfc Bank Limited was fully satisfied on 22 May 2023.
Charges
A charge with Others of Rs. 0.15 Cr registered on 25 Mar 2023 with Charge ID 100712115 was modified on 27 Mar 2023.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dev Milk Foods Private Limited.
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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Subsidiaries & Group Companies of Dev Milk Foods Private Limited.
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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GST Compliance of Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Dev Milk Foods Private Limited.
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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
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- Complete filing index
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Related news about Dev Milk Foods Private Limited.
Frequently Asked Questions about Dev Milk Foods Private Limited.
Dev Milk Foods Private Limited is an active private limited company based in Jaipur, Rajasthan, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 01 June 2004 (22+ years old) and is registered under CIN U51229RJ2004PTC082018.
Dev Milk Foods Private Limited reported revenue of ₹140.95 Cr for FY 2025 (up 33% YoY).
Dev Milk Foods Private Limited has 6 current directors:
- Rohit Verma - Director
- Krishan Dev Verma - Director
- Dharam Dev Verma - Director
- Shilpa Manohar Bhattar - Nominee Director
- Rahul Verma - Director
- Adarsh Menon - Nominee Director
Dev Milk Foods Private Limited reported a net loss of ₹31.88 Cr (net margin -22.6%) and EBITDA of -₹11.59 Cr (EBITDA margin -8.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dev Milk Foods Private Limited is 44% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
No. Dev Milk Foods Private Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Dev Milk Foods Private Limited is U51229RJ2004PTC082018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dev Milk Foods Private Limited has 2 court cases on record: 2 filed by the company. 2 are pending.
Dev Milk Foods Private Limited was incorporated on 01 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Jaipur.
Dev Milk Foods Private Limited has 17 deals on record (9 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹146.6 Cr; the latest was in July 2026.
The peers of Dev Milk Foods Private Limited by revenue are Sainik Industries Private Limited, Tanvi Fitness Private Limited, Santdev Agri Farmer Producer Company Limited, Maa Vaishnav Devi Tradewing Private Limited, Geeta Distributors Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution).
Adarsh Menon was appointed as Nominee Director on 07 May 2025. Shilpa Manohar Bhattar was appointed as Nominee Director on 07 May 2025. Vinay Singh ceased to be Nominee Director on 05 May 2025. Dev Milk Foods Private Limited has 12 board changes on record in total.