MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0060774
Dev Salt Private Limited - chemicals and materials in Jamnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹95.78 Cr
▼ 13% YoY
Net profit · FY 2025
₹15.95 Cr
Net margin 16.6%
EBITDA · FY 2025
₹30.79 Cr
EBITDA margin 32.1%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹2.89 Cr
Satisfied ₹74 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
113
Provident fund records
About Dev Salt Private Limited
Data last updated:
Dev Salt Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 16 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24298GJ1998PTC033827. Its GSTIN is 24AAACD7475M2ZA (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Karansinh Hirendrasinh Jhala (Managing Director) and Hirendrasinhji Devendrasinhji Jhala (Managing Director).
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 88 A Panchvati Societybedi Road, Jamnagar, Gujarat, India – 361002.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.78 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹15.95 Cr (net margin 16.6%) and EBITDA of ₹30.79 Cr (EBITDA margin 32.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over five years.
The company has about 113 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dev Salt. As per MCA filings, the company has open charges of ₹2.89 Cr and satisfied charges of ₹74 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2017.
Dev Salt Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0060774). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devsalt.com.
Company details
CIN U24298GJ1998PTC033827
Registration Number 033827
Incorporation Date 16 March 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0060774
Key People
Karansinh Hirendrasinh Jhala Managing Director Hirendrasinhji Devendrasinhji Jhala Managing Director Vivek Somani Director Recognitions & Rankings of Dev Salt
Contact details
Dev Salt Private Limited's registered office is in Jamnagar, Gujarat. Its website is devsalt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address88 A Panchvati Societybedi Road, Jamnagar, Gujarat, India – 361002
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Dev Salt Private Limited, buy the company report.
Comprehensive company report
Dev Salt 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
Dev Salt operates one associated brand: Dev Salt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive solutions for liquid bromine applications. | devsalt.com |
Business activity
The main business activity of Dev Salt is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Dev Salt Private Limited, buy the company report.
Financials of Dev Salt Private Limited
FY 2024 filings availableDev Salt Private Limited reported revenue of ₹95.78 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹95.78 Cr ▼ 13%
Net profit · FY 2025
₹15.95 Cr margin 16.6%
EBITDA · FY 2025
₹30.79 Cr margin 32.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 6%
5 years · compounded
▲ 24%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.95 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.1% | ||||
| Net Profit Margin | 16.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Dev Salt Private Limited, buy the company report.
Board of directors of Dev Salt Private Limited
Dev Salt has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karansinh Hirendrasinh Jhala Also directs: DSPL Chemicals Private Limited, Aaka Space Studio Private Limited | Managing Director | 22 Aug 2016 | 10 Years 2 Months | Current |
| Vivek Somani | Director | 26 Apr 2021 | 5 Years 6 Months | Current |
| Hirendrasinhji Devendrasinhji Jhala Also directs: Devram Syndicate Private Limited, DSPL Chemicals Private Limited | Managing Director | 16 Mar 1998 | 28 Years 7 Months | Current |
| Devendrasinh Jhala Also directs: Dev Wetland and Social Welfare Foundation | Director | 01 Mar 2000 | 26 Years 7 Months | Current |
Auditor
Dev Salt Private Limited is audited by B H Vyas & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B H Vyas & Co. | FY 2023 | 111648W |
Shareholding
The shareholding of Dev Salt Private 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dev Salt Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.89 Cr
Satisfied charges
₹74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2019 | 100275936 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 13 Jan 2015 | 10549407 | Indusind Bank Limited | ₹38.9 Lakh | Open | |
| 30 Nov 2013 | 10467603 | Indusind Bank Limited | ₹21.5 Lakh | Open | |
| 20 Nov 2008 | 10140771 | Citicorp Finance (I) Limited | ₹28.65 Lakh | Open | |
| 27 Jun 2019 | 100275994 | Hdfc Bank Limited | ₹37 Cr | Satisfied |
To see the full charge records of Dev Salt Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Dev Salt Private Limited has 1 deal on record (1 secondary share transfer); the latest was in January 2017.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dev Salt Private Limited has 6 court cases on record: 2 filed by Dev Salt, 4 filed against it. All cases are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jamnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Jamnagar, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
| District court, MORBI, Gujarat | Civil suit | Filed against the company | Disposed |
| High Court of Gujarat | Court case (WPPIL) | Filed against the company | Disposed |
| High Court, GUJARAT | Court case (WPPIL) | Filed against the company by Bahulaxi Matsyaudyog Sahkari Mandali Ltd | Disposed |
To see the full case history of Dev Salt 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 Dev Salt Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dev Salt Private Limited has a workforce of 113 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
113
Active EPFO establishments
1
Employee growth
6.6%
GST
Dev Salt has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD7475M2ZA | Gujarat | Active | 01 Oct 2018 |
| 24AAACD7475M3Z9 | Gujarat | Active | 10 Jan 2020 |
To see the full GST registrations and return filing status of Dev Salt Private Limited, buy the company report.
Recent activity
Dev Salt Private Limited has 8 board changes on record since 1998: 4 appointments and 4 cessations. The latest: Pritikumari Devendrasinh Jhala ceased to be Director on 26 Apr 2021.
AGM
Dev Salt Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Dev Salt Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 27 Jun 2019 via Charge ID 100275994 with Hdfc Bank Limited was fully satisfied on 29 Nov 2022.
Charges
A charge registered on 25 Jun 2019 via Charge ID 100275935 with Hdfc Bank Limited was fully satisfied on 29 Nov 2022.
Ceased
Pritikumari Devendrasinh Jhala ceased to be Director.
Appointed
Vivek Somani was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100275936 was registered on 18 Jul 2019.
Ceased
Hirendrasinhji Devendrasinhji Jhala ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3,700.00 Lakh with Charge ID 100275994 was registered on 27 Jun 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3,700.00 Lakh with Charge ID 100275935 was registered on 25 Jun 2019.
Ceased
Devendrasinh Jhala ceased to be Director.
Ceased
Karansinh Hirendrasinh Jhala ceased to be Additional Director.
7 earlier events are in the company report.
Frequently asked questions
Dev Salt is an active private limited company based in Jamnagar, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 16 March 1998 (28+ years old) and is registered under CIN U24298GJ1998PTC033827.
Dev Salt has 4 current directors:
- Karansinh Hirendrasinh Jhala - Managing Director
- Hirendrasinhji Devendrasinhji Jhala - Managing Director
- Vivek Somani - Director
- Devendrasinh Jhala - Director
The latest financial statements of Dev Salt 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 2015 are in the company report.
The GSTIN of Dev Salt is 24AAACD7475M2ZA, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACD7475M3Z9 (Gujarat).
The CIN (Corporate Identification Number) of Dev Salt is U24298GJ1998PTC033827. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dev Salt has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the district courts.
Dev Salt was incorporated on 16 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dev Salt has 1 deal on record (1 secondary share transfer); the latest was in January 2017.
Pritikumari Devendrasinh Jhala ceased to be Director on 26 Apr 2021. Vivek Somani was appointed as Director on 26 Apr 2021. Hirendrasinhji Devendrasinhji Jhala ceased to be Director on 01 Jul 2019. Dev Salt has 8 board changes on record in total.
Yes, Dev Salt is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0060774).