Dev Ventures (I) Private Limited

Dev Ventures (I) Private Limited - packaging in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN U17121MP2013PTC031656 Incorporated 21 October 2013 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Private Limited Company packaging MSME · Small
Data last updated
Revenue · FY 2024
₹65.58 Cr
▲ 13% YoY
Net loss · FY 2024
₹1.14 Cr
Net margin -1.7%
EBITDA · FY 2024
₹1.43 Cr
EBITDA margin 2.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹17.14 Cr
Satisfied ₹14.51 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
45
Provident fund records

About Dev Ventures (I) Private Limited

Data last updated:

Dev Ventures (I) Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 21 October 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U17121MP2013PTC031656. Its GSTIN is 23AAECD8250A1Z7 (Madhya Pradesh).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Hardik Dawar and Parth Dawar.

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 Ashoka Tyres And Aligners 2 – 3 Ram Krishna Complex Navlakha, Indore, Madhya Pradesh, India – 452001.

As per the financials filed for FY 2024, the company reported a revenue of ₹65.58 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Cr (net margin -1.7%) and EBITDA of ₹1.43 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 12% over five years.

The company has about 45 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Dev Ventures India. As per MCA filings, the company has open charges of ₹17.14 Cr and satisfied charges of ₹14.51 Cr on record. The company has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.45 Cr; the latest was in November 2021. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 31 overdue payments to 5 micro and small suppliers.

Dev Ventures (I) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-17-0001385). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devventures.co.in.

Company details

CIN U17121MP2013PTC031656
Registration Number 031656
Incorporation Date 21 October 2013
ROC Gwalior
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 Small
Udyam Registration UDYAM-MP-17-0001385
Key People
Hardik Dawar Director Parth Dawar Director Virendra Kumar Dawar Director

Recognitions & Rankings of Dev Ventures (I)

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MP-17-0001385

Contact details

Dev Ventures (I) Private Limited's registered office is in Indore, Madhya Pradesh. Its website is devventures.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    devventures.co.in
  • Social Media
  • Registered Address
    Ashoka Tyres And Aligners 2 – 3 Ram Krishna Complex Navlakha, Indore, Madhya Pradesh, India – 452001
  • Industry
    Packaging, Woven Packaging Products

To see the full contact details of Dev Ventures (I) Private Limited, buy the company report.

Comprehensive company report
Dev Ventures (I) 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 Ventures (I) operates one associated brand: Dev Ventures India. Each brand links to its own profile.

BrandDescriptionWebsite
Dev Ventures India
Manufacturers of Polypropylene and Polyethylene bulk bagsdevventures.co.in

Business activity

The main business activity of Dev Ventures (I) is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Dev Ventures (I) Private Limited, buy the company report.

Financials of Dev Ventures (I) Private Limited

FY 2024 filings available

Dev Ventures (I) Private Limited reported revenue of ₹65.58 Cr (up 13% YoY) for FY 2024.

Revenue · FY 2024
₹65.58 Cr ▲ 13%
Net loss · FY 2024
₹1.14 Cr margin -1.7%
EBITDA · FY 2024
₹1.43 Cr margin 2.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 8%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 27%
5 years · compounded
▼ 17%

Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 13% growth in the latest year. EBITDA rose 13% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹1.43 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.14 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin2.2%
Net Profit Margin-1.7%
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

To see the full financial statements and ratios of Dev Ventures (I) Private Limited, buy the company report.

Board of directors of Dev Ventures (I) Private Limited

Dev Ventures (I) has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hardik Dawar
Also directs: Saf-Dev Ventures Private Limited
Director01 Jan 20224 Years 10 MonthsCurrent
Parth Dawar
Also directs: Saf-Dev Ventures Private Limited
Director21 Oct 201313 Years 0 MonthsCurrent
Virendra Kumar DawarDirector21 Oct 201313 Years 0 MonthsCurrent
Umesh Kumar DawarDirector21 Oct 201313 Years 0 MonthsCurrent
Gulshan Kumar Dawar
Also directs: Bhupati Guna Realcon Private Limited
Director21 Oct 201313 Years 0 MonthsCurrent
View all directors

Auditor

Dev Ventures (I) Private Limited is audited by Mahesh C. Solanki & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Mahesh C. Solanki & CoFY 2023006228C

Shareholding

The shareholding of Dev Ventures (I) 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Dev Ventures (I) Private Limited, buy the company report.

Charges & borrowings

Open charges
₹17.14 Cr
Satisfied charges
₹14.51 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹17.14 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Aug 2021100472508Hdfc Bank Limited₹14.18 LakhOpen
27 Aug 2019100290776Hdfc Bank Limited₹17 CrOpen
01 Nov 201410532843Bank of India₹14.51 CrSatisfied

To see the full charge records of Dev Ventures (I) Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Dev Ventures (I) Private Limited has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.45 Cr; the latest was in November 2021.

Total deals
5
Secondary share transfers
3
Rights issue
1
Funding round
1
Disclosed funding
₹3.45 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Nov 2021Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 4 individuals
Mar 2017Secondary share transferUndisclosedBuyer: an individual
Seller: 4 individuals
Sep 2016Rights issue₹1 CrInvestors: 4 individuals
Mar 2016Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 2 individuals
Mar 2014Funding round₹3.45 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Dev Ventures (I) Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 31 overdue payments to 5 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 5)

SupplierAmount dueDue sinceReported on
Aameya Polymers LLP
Polymer Coatings and Inks Private Limited
Armstrong
Shree Tirupati Balajee Agro Trading Company Limited
an individual supplier

To see the full MSME payment records of Dev Ventures (I) Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Dev Ventures (I) Private Limited has a workforce of 45 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.

Employee count
45
Active EPFO establishments
1
Employee growth
-31.82%

GST

Dev Ventures (I) has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
23AAECD8250A1Z7Madhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Dev Ventures (I) Private Limited, buy the company report.

Recent activity

Dev Ventures (I) Private Limited has 8 board changes on record since 2013: 5 appointments and 3 cessations. The latest: Hardik Dawar ceased to be Additional Director on 30 Nov 2022.

AGM
Dev Ventures (I) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 17.00 Cr registered on 27 Aug 2019 with Charge ID 100290776 was modified on 18 Jul 2024.
Filing
Dev Ventures (I) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Ceased
Hardik Dawar ceased to be Additional Director.
Appointed
Hardik Dawar was appointed as Director.
Ceased
Chandra Prakash Arora ceased to be Director.
Ceased
Yogesh Kumar Arora ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100472508 was registered on 13 Aug 2021.
Charges
A charge registered on 01 Nov 2014 via Charge ID 10532843 with Bank Of India was fully satisfied on 04 Sep 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Cr with Charge ID 100290776 was registered on 27 Aug 2019.
Charges
A charge with Bank Of India of Rs. 14.51 Cr registered on 01 Nov 2014 with Charge ID 10532843 was modified on 03 Feb 2018.
Charges
A charge with Bank Of India amounted to Rs. 14.51 Cr with Charge ID 10532843 was registered on 01 Nov 2014.

5 earlier events are in the company report.

Frequently asked questions

Dev Ventures (I) is an active private limited company based in Indore, Madhya Pradesh, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 21 October 2013 (13+ years old) and is registered under CIN U17121MP2013PTC031656.

Dev Ventures (I) has 5 current directors:

The latest financial statements of Dev Ventures (I) 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 Ventures (I) is 23AAECD8250A1Z7, registered in Madhya Pradesh.

The CIN (Corporate Identification Number) of Dev Ventures (I) is U17121MP2013PTC031656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Dev Ventures (I) was incorporated on 21 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.

Dev Ventures (I) has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.45 Cr; the latest was in November 2021.

Hardik Dawar ceased to be Additional Director on 30 Nov 2022. Hardik Dawar was appointed as Director on 01 Jan 2022. Chandra Prakash Arora ceased to be Director on 06 Nov 2021. Dev Ventures (I) has 8 board changes on record in total.

Yes, Dev Ventures (I) is registered as a small enterprise under Udyam registration (number: UDYAM-MP-17-0001385).

Dev Ventures (I) has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 31 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Oct 2021.

Dev Ventures (I) can be reached through the website devventures.co.in. Its registered office is in Indore, Madhya Pradesh, India.