About Deva Drill-Tech India Limited
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Deva Drill-Tech India Limited is a public limited company based in Raigad, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 29 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24132MH1987PLC044832. Its GSTIN is 27AAACD1436G1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.28 Cr. It was formerly known as Deva Drill-Tech India Private Limited. It is led by directors including Mohan Kumar A V Iyengar (Managing Director) and Indrani Mohan Kumar (Whole-Time 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 C 2 Midcmahad, Raigad, Maharashtra, India – 402302.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.75 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 2.6%) and EBITDA of ₹6.58 Cr (EBITDA margin 10.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Deva Dril. As per MCA filings, the company has open charges of ₹52.16 Cr and satisfied charges of ₹122.44 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devadrill.in.
Company details
CIN history
Deva Drill-Tech India has one previous CIN (Corporate Identification Number): U24132MH2004PTC044832. The current CIN is U24132MH1987PLC044832, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24132MH1987PLC044832 | Current |
| U24132MH2004PTC044832 | Previous |
Contact details
Deva Drill-Tech India Limited's registered office is in Raigad, Maharashtra. Its website is devadrill.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC 2 Midcmahad, Raigad, Maharashtra, India – 402302
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Deva Drill-Tech India Limited, buy the company report.
- 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
Brands
Deva Drill-Tech India operates one associated brand: Deva Dril. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying specialty chemicals for the Oil and Gas industry in India. | devadrill.in |
Business activity
The main business activity of Deva Drill-Tech India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Deva Drill-Tech India Limited, buy the company report.
Financials of Deva Drill-Tech India Limited
FY 2024 filings availableDeva Drill-Tech India Limited reported revenue of ₹60.75 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 18% fall in the latest year. EBITDA rose 36% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.58 Cr | ||||
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| Net Profit (PAT) | ₹1.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | 2.6% | ||||
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To see the full financial statements and ratios of Deva Drill-Tech India Limited, buy the company report.
Board of directors of Deva Drill-Tech India Limited
Deva Drill-Tech India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Kumar A V Iyengar | Managing Director | 30 Jun 2004 | 22 Years 4 Months | Current |
| Indrani Mohan Kumar | Whole-Time Director | 30 Jun 2004 | 22 Years 4 Months | Current |
| Ambrish Mohan Kumar | Director | 31 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Deva Drill-Tech India Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swati Petro Products Private Limited | ₹61.18 Cr (FY 2024) | -16.0% | Thane, Maharashtra, India | |||
| Ruchi Organics Limited | ₹60.96 Cr (FY 2025) | 5.0% | Uttar Pradesh, India | |||
| Krishna Conchem Products Private Limited | ₹60.9 Cr (FY 2025) | -23.0% | Thane, Maharashtra, India | |||
| Deva Drill-Tech India Limitedthis company | ₹60.75 Cr (FY 2024) | ₹1.59 Cr | 2.6% | -18.0% | Raigad, Maharashtra, India | |
| Xchem Polymers India Private Limited | ₹60.56 Cr (FY 2025) | 13.0% | Valsad, Gujarat, India | |||
| Dhoop Chem (India) P Ltd | ₹60.55 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Shreenath Fine Chem (India) Private Limited | ₹60.52 Cr (FY 2025) | 27.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Deva Drill-Tech India Limited, buy the company report.
Auditor
Deva Drill-Tech India Limited is audited by BIPIN KOTHARI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BIPIN KOTHARI & ASSOCIATES | FY 2023 | 137687W |
Shareholding
The shareholding of Deva Drill-Tech India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deva Drill-Tech India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2021 | 100490463 | Hdfc Bank Limited | ₹5.36 Cr | Open | |
| 05 Jul 2021 | 100478285 | Hdfc Bank Limited | ₹46 Cr | Open | |
| 02 Mar 1990 | 90215954 | The State Industial & Incvestment Corpn. of Maharashtra Ltd. | ₹80 Lakh | Open | |
| 29 Oct 2020 | 100386473 | Others | ₹3.57 Cr | Satisfied | |
| 14 Mar 2013 | 10418066 | Corporation Bank | ₹17.6 Cr | Satisfied |
To see the full charge records of Deva Drill-Tech India Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Deva Drill-Tech India Limited has 6 court cases on record: 3 filed by Deva Drill-Tech India, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
| District courts | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Pvt Ltd | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Oil and Natural Gas Corporation Limited and 1 other | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Ador Polycontainers Ltd. | Disposed |
| High Court | Court case (COARP) | Filed by the company against New India Assurance Co Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Nipra Packaging Private Limited | Disposed |
To see the full case history of Deva Drill-Tech India 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.
Credit ratings & regulatory alerts
Deva Drill-Tech India Limited was last rated by Icra on 31 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Mar 2021 |
To see the full credit ratings and regulatory alerts of Deva Drill-Tech India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deva Drill-Tech India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Deva Drill-Tech India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rhino Barrels Private Limited | U28999MH2020PTC351769 |
To see the full group structure of Deva Drill-Tech India Limited, buy the company report.
GST
Deva Drill-Tech India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD1436G1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deva Drill-Tech India Limited, buy the company report.
Recent activity
Deva Drill-Tech India Limited has 5 board changes on record since 1987: 4 appointments and 1 cessation. The latest: Krishnan Iyengar ceased to be Director on 26 Jan 2017.
30 earlier events are in the company report.
Frequently asked questions
Deva Drill-Tech India is an active public limited company based in Raigad, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 29 September 1987 (39+ years old) and is registered under CIN U24132MH1987PLC044832.
Deva Drill-Tech India has 3 current directors:
- Mohan Kumar A V Iyengar - Managing Director
- Indrani Mohan Kumar - Whole-Time Director
- Ambrish Mohan Kumar - Director
The latest financial statements of Deva Drill-Tech India 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 Deva Drill-Tech India is 27AAACD1436G1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Deva Drill-Tech India is U24132MH1987PLC044832. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deva Drill-Tech India has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Deva Drill-Tech India was incorporated on 29 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Deva Drill-Tech India by revenue are Swati Petro Products Private Limited, Ruchi Organics Limited, Krishna Conchem Products Private Limited, Xchem Polymers India Private Limited, Dhoop Chem (India) P Ltd and 1 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Krishnan Iyengar ceased to be Director on 26 Jan 2017. Ambrish Mohan Kumar was appointed as Director on 31 Oct 2016. Indrani Mohan Kumar was appointed as Whole-Time Director on 30 Jun 2004. Deva Drill-Tech India has 5 board changes on record in total.
Deva Drill-Tech India can be reached through the website devadrill.in. Its registered office is in Raigad, Maharashtra, India.
The registered office of Deva Drill-Tech India is at C 2 Midcmahad, Raigad, Maharashtra, India – 402302.
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