About Dev Vardaan Micro Finance
Data last updated:
Dev Vardaan Micro Finance is a private not for profit company based in Nimkathana, Rajasthan, India. It operates in the financial and credit leasing segment of the financial services sector. It was incorporated on 22 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2015NPL048911. Its GSTIN is 08AAFCD5803N1ZE (Rajasthan).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Goutam and Narendra Singh Rathore.
Its last annual general meeting (AGM) was held on 02 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nimkathana, Rajasthan.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.77 Lakh, a growth of 111% compared to the previous year. For the same year it recorded a net loss of ₹15.3 Lakh (net margin -36.6%) and EBITDA of -₹15.11 Lakh (EBITDA margin -36.2%). Revenue has grown at a compounded annual rate (CAGR) of 459% over three years and 117% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devvardaanmicrofin.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressWard No. 6 Rajeev Colony, Shrimadhopur Tehsil, Nimkathana, Rajasthan, India – 332715
- IndustryFinancial Services, Financial & Credit Leasing
- 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 Dev Vardaan Micro Finance
The main business activity of Dev Vardaan Micro Finance is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | 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 Dev Vardaan Micro Finance FY 2025 filings available
Dev Vardaan Micro Finance reported revenue of ₹41.77 Lakh (up 111% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Dev Vardaan Micro Finance
Revenue has grown at a compounded annual rate (CAGR) of 117% over five years, including 111% growth in the latest year. EBITDA fell 760% 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 Vardaan Micro Finance
| 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 | -₹15.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹15.3 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Dev Vardaan Micro Finance
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -36.6% | •••• | •••• | •••• | •••• |
| 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 Vardaan Micro Finance are in the company report.
Financial statements from FY 2016
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 Dev Vardaan Micro Finance
Dev Vardaan Micro Finance is compared with the companies closest to it by revenue in the BFSI industry (Finance, Micro Finance, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunbliss Finance Private Limited | ₹41.87 Lakh (FY 2024) | •••• | •••• | 235.0% | •••• | Ahmedabad, Gujarat, India |
| Prabha Chits Private Limited | ₹41.84 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Kanyakumari D.T, Tamil Nadu, India |
| Hiramani Finserve Private Limited | ₹41.83 Lakh (FY 2025) | •••• | •••• | 94.0% | •••• | Mumbai, Maharashtra, India |
| Sri Vijaya Sai Chits (Vizag) Private Limited | ₹41.8 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Tanmay Towers Private Limited. | ₹41.78 Lakh (FY 2024) | •••• | •••• | -2.0% | •••• | Thane, Maharashtra, India |
| Dev Vardaan Micro Finance this company | ₹41.77 Lakh (FY 2024) | •••• | •••• | 111.0% | •••• | Nimkathana, Rajasthan, India |
| Sangeerthanam Kuries Private Limited | ₹41.77 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Thrissur Post, Kerala, India |
| Times Viniyog Ltd. | ₹41.75 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Gostep Solutions Private Limited | ₹41.74 Lakh (FY 2025) | •••• | •••• | 42.0% | •••• | Jodhpur, Rajasthan, India |
| Power Mercantile Private Limited | ₹41.74 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Navi Mumbai, Maharashtra, India |
| Tanot Finance Limited | ₹41.73 Lakh (FY 2025) | •••• | •••• | 30.0% | •••• | Gandhidham, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Dev Vardaan Micro Finance by revenue in the BFSI industry (Finance, Micro Finance, Other Financial Services), 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 Vardaan Micro Finance
Dev Vardaan Micro Finance is audited by OM AGRAWAL & CO CHARTERED ACCOUNTANTS for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| OM AGRAWAL & CO CHARTERED ACCOUNTANTS | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Dev Vardaan Micro Finance
Dev Vardaan Micro Finance has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Goutam | Director | 30 Apr 2024 | 2 Years 5 Months | Current |
| Narendra Singh Rathore | Director | 08 Mar 2025 | 1 Years 7 Months | Current |
| Manav Also directs: Siddharth Nagar Microcare Foundation | Director | 05 Aug 2025 | 1 Years 2 Months | Current |
| Azaz Ahmed | Director | 03 Nov 2025 | 0 Years 11 Months | Current |
| Ajay Jain | Director | 09 Dec 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Dev Vardaan Micro Finance
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 Vardaan Micro Finance
Dev Vardaan Micro Finance does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Dev Vardaan Micro Finance
Employment history and EPFO contributions of people linked to Dev Vardaan Micro Finance.
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 Vardaan Micro Finance
Dev Vardaan Micro Finance has 11 board changes on record since 2021: 5 appointments and 6 cessations. The latest: Ajay Jain was appointed as Director on 09 Dec 2025.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dev Vardaan Micro Finance
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 Dev Vardaan Micro Finance
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
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Subsidiaries & Group Companies of Dev Vardaan Micro Finance
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 Dev Vardaan Micro Finance
Dev Vardaan Micro Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAFCD5803N1ZE | Rajasthan | Active | 15 Feb 2024 |
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 Dev Vardaan Micro Finance
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 Dev Vardaan Micro Finance
Dev Vardaan Micro Finance is an active private not for profit company based in Nimkathana, Rajasthan, India. The company works in financial and credit leasing, within the financial services industry. It was incorporated on 22 December 2015 (11+ years old) and is registered under CIN U65999RJ2015NPL048911.
Dev Vardaan Micro Finance reported revenue of ₹41.77 Lakh for FY 2024 (up 111% YoY).
Dev Vardaan Micro Finance has 5 current directors:
- Goutam - Director
- Narendra Singh Rathore - Director
- Manav - Director
- Azaz Ahmed - Director
- Ajay Jain - Director
Dev Vardaan Micro Finance reported a net loss of ₹15.3 Lakh (net margin -36.6%) and EBITDA of -₹15.11 Lakh (EBITDA margin -36.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dev Vardaan Micro Finance is 459% over three years and 117% over five years. In the latest year (FY 2024) revenue rose 111%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dev Vardaan Micro Finance is 08AAFCD5803N1ZE, registered in Rajasthan.
The CIN (Corporate Identification Number) of Dev Vardaan Micro Finance is U65999RJ2015NPL048911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dev Vardaan Micro Finance was incorporated on 22 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Dev Vardaan Micro Finance by revenue are Sunbliss Finance Private Limited, Prabha Chits Private Limited, Hiramani Finserve Private Limited, Sri Vijaya Sai Chits (Vizag) Private Limited, Tanmay Towers Private Limited. and 5 more, all in the BFSI industry (Finance, Micro Finance, Other Financial Services).
Ajay Jain was appointed as Director on 09 Dec 2025. Azaz Ahmed was appointed as Director on 03 Nov 2025. Nirma Devi ceased to be Director on 11 Sep 2025. Dev Vardaan Micro Finance has 11 board changes on record in total.
Dev Vardaan Micro Finance can be reached through the website devvardaanmicrofin.in. Its registered office is in Nimkathana, Rajasthan, India.