MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-GJ-25-0032176
Devam Electric Vehicles Private Limited - automotive in Pardi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹37.77 Lakh
▼ 7% YoY
Net loss · FY 2024
₹5.85 Lakh
Net margin -15.5%
EBITDA · FY 2024
-₹5.85 Lakh
EBITDA margin -15.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Devam Electric Vehicles Private Limited
Data last updated:
Devam Electric Vehicles Private Limited is a private limited company based in Pardi, Gujarat, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 29 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U34102GJ2014PTC081657. Its GSTIN is 24AAFCD2193M1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dharmendra Navin Sinha and Anurag Kar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pardi, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.77 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹5.85 Lakh (net margin -15.5%) and EBITDA of -₹5.85 Lakh (EBITDA margin -15.5%). Revenue has grown at a compounded annual rate (CAGR) of 290% over three years and 2% over five years.
The company is associated with 1 brand: Devam Electric Vehicles. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in August 2021.
Devam Electric Vehicles Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0032176). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devamev.com.
Company details
CIN U34102GJ2014PTC081657
Registration Number 081657
Incorporation Date 29 December 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-25-0032176
Recognitions & Rankings of Devam Electric Vehicles
Contact details
Devam Electric Vehicles Private Limited's registered office is in Pardi, Gujarat. Its website is devamev.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No.8, The Grand Edge Galaxy Compound 1st Floor Survey No.578/P GIDC, Pardi, Gujarat, India – 396191
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Devam Electric Vehicles Private Limited, buy the company report.
Comprehensive company report
Devam Electric Vehicles 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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Secure checkout · GST invoice included
Brands
Devam Electric Vehicles operates one associated brand: Devam Electric Vehicles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Helicopter industry resources and job board are provided. | devamev.com |
Business activity
The main business activity of Devam Electric Vehicles is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Devam Electric Vehicles Private Limited, buy the company report.
Financials of Devam Electric Vehicles Private Limited
FY 2025 filings availableDevam Electric Vehicles Private Limited reported revenue of ₹37.77 Lakh (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹37.77 Lakh ▼ 7%
Net loss · FY 2024
₹5.85 Lakh margin -15.5%
EBITDA · FY 2024
-₹5.85 Lakh margin -15.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 290%
5 years · compounded
▲ 2%
EBITDA CAGR growth
3 years · compounded
▲ 2%
5 years · compounded
▼ 46%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. 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 | -₹5.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.85 Lakh | ||||
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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 | -15.5% | ||||
| Net Profit Margin | -15.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Devam Electric Vehicles Private Limited, buy the company report.
Board of directors of Devam Electric Vehicles Private Limited
Devam Electric Vehicles has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Kar Also directs: Lords Mark Organics India Private Limited, Lords Mark Biotech Private Limited, Lords Mark Medicare Limited and 2 more | Additional Director | 13 Jan 2022 | 4 Years 9 Months | Current |
| Dharmendra Navin Sinha | Director | 20 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Devam Electric Vehicles Private Limited is audited by MSDP & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSDP & CO. | FY 2022 | 138414W |
Shareholding
The shareholding of Devam Electric Vehicles Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devam Electric Vehicles Private Limited, buy the company report.
Deals & funding
Devam Electric Vehicles Private Limited has 1 deal on record (1 acquisition); the latest was in August 2021.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Acquisition | Undisclosed | Buyer: Lords Mark Tech Next Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devam Electric Vehicles Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by M/S Prakant Electronics Private Limited | Disposed |
To see the full case history of Devam Electric Vehicles 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 Devam Electric Vehicles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devam Electric Vehicles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCD2193M1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devam Electric Vehicles Private Limited, buy the company report.
Recent activity
Devam Electric Vehicles Private Limited has 4 board changes on record since 2022: 2 appointments and 2 cessations. The latest: Dharmendra Navin Sinha was appointed as Director on 20 Feb 2023.
AGM
Devam Electric Vehicles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Devam Electric Vehicles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Dharmendra Navin Sinha was appointed as Director.
Ceased
Harit Gopalbhai Shah ceased to be Director.
Ceased
Sandhyaben Gopalbhai Shah ceased to be Director.
Appointed
Anurag Kar was appointed as Additional Director.
Incorporation
29 Dec 2014
Devam Electric Vehicles Private Limited was registered on 29 Dec 2014 with Roc Ahmedabad & aged 11 years 9 months as per MCA records.
Frequently asked questions
Devam Electric Vehicles is an active private limited company based in Pardi, Gujarat, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 29 December 2014 (12+ years old) and is registered under CIN U34102GJ2014PTC081657.
Devam Electric Vehicles has 2 current directors:
- Anurag Kar - Additional Director
- Dharmendra Navin Sinha - Director
The latest financial statements of Devam Electric Vehicles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devam Electric Vehicles is 24AAFCD2193M1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Devam Electric Vehicles is U34102GJ2014PTC081657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devam Electric Vehicles has 1 court case on record: 1 filed against it.
Devam Electric Vehicles was incorporated on 29 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Devam Electric Vehicles has 1 deal on record (1 acquisition); the latest was in August 2021.
Dharmendra Navin Sinha was appointed as Director on 20 Feb 2023. Harit Gopalbhai Shah ceased to be Director on 20 Feb 2023. Sandhyaben Gopalbhai Shah ceased to be Director on 20 Feb 2023. Devam Electric Vehicles has 4 board changes on record in total.
Yes, Devam Electric Vehicles is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-25-0032176).