Devang Paper Mills Private Limited

Devang Paper Mills Private Limited - wood in Vapi, Gujarat, India. FY 2026 financials & compliance.
CIN U21000GJ2010PTC062670 Incorporated 18 October 2010 ROC Ahmedabad HQ Vapi, Gujarat, India
Active Private Limited Company wood MSME · Medium
Data last updated
Revenue · FY 2023
₹146.28 Cr
▼ 6% YoY
Net loss · FY 2023
₹31.76 Lakh
Net margin -0.2%
EBITDA · FY 2023
₹2.98 Cr
EBITDA margin 2%
Authorised capital
₹3.02 Cr
Registered with MCA
Paid-up capital
₹47 Lakh
Issued & subscribed
Open charges
₹105.83 Cr
Satisfied ₹19 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
95
Provident fund records

About Devang Paper Mills Private Limited

Data last updated:

Devang Paper Mills Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the wood and wood products segment of the wood and timber products sector. It was incorporated on 18 October 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21000GJ2010PTC062670. Its GSTIN is 24AADCD7232R1ZB (Gujarat).

The company has an authorised share capital of ₹3.02 Cr and a paid-up capital of ₹47 Lakh. It is led by directors including Yogeshkumar Kikubhai Patel and Thobhanbhai Kurjibhai Patel.

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 Plot No 105 Morai, Vapi, Gujarat, India – 396191.

As per the financials filed for FY 2023, the company reported a revenue of ₹146.28 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹31.76 Lakh (net margin -0.2%) and EBITDA of ₹2.98 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 7% over five years.

The company has about 95 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹105.83 Cr and satisfied charges of ₹19 Cr on record. Court records list 26 cases involving the company, including 23 filed by the company and 3 filed against it; 1 case is pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.89 Cr; the latest was in March 2021. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 13 micro and small suppliers.

Devang Paper Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0004438). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devangpaper.com.

Company details

CIN U21000GJ2010PTC062670
Registration Number 062670
Incorporation Date 18 October 2010
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-25-0004438
Key People
Yogeshkumar Kikubhai Patel Director Thobhanbhai Kurjibhai Patel Director Jaykumar Bharatbhai Patel Director

Recognitions & Rankings of Devang Paper Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-25-0004438

Contact details

Devang Paper Mills Private Limited's registered office is in Vapi, Gujarat. Its website is devangpaper.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    devangpaper.com
  • Registered Address
    Plot No 105 Morai, Vapi, Gujarat, India – 396191
  • Industry
    Wood, Wood & Wood Products, Furniture, Paper & Paper Products

To see the full contact details of Devang Paper Mills Private Limited, buy the company report.

Comprehensive company report
Devang Paper Mills 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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Financials of Devang Paper Mills Private Limited

FY 2024 filings available

Devang Paper Mills Private Limited reported revenue of ₹146.28 Cr (down 6% YoY) for FY 2023.

Revenue · FY 2023
₹146.28 Cr ▼ 6%
Net loss · FY 2023
₹31.76 Lakh margin -0.2%
EBITDA · FY 2023
₹2.98 Cr margin 2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 13%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 45%
5 years · compounded
▼ 22%

Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 73% 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 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹146.28 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.98 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹31.76 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin2%
Net Profit Margin-0.2%
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 Devang Paper Mills Private Limited, buy the company report.

Board of directors of Devang Paper Mills Private Limited

Devang Paper Mills has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yogeshkumar Kikubhai PatelDirector01 Jun 20188 Years 5 MonthsCurrent
Thobhanbhai Kurjibhai Patel
Also directs: Leamax Textiles LLP, Aqsa Polypack Private Limited
Director18 Oct 201016 Years 0 MonthsCurrent
Jaykumar Bharatbhai Patel
Also directs: Leamax Textiles LLP, Leaomax Textile Private Limited, Stac Enterprise Private Limited
Director02 Jul 20206 Years 4 MonthsCurrent
Dhruv PatelDirector01 Feb 20233 Years 9 MonthsCurrent
Aman Shailesh PatelDirector10 Dec 20223 Years 10 MonthsCurrent
View all directors

Auditor

Devang Paper Mills Private Limited is audited by KAPADIA SHAH & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KAPADIA SHAH & CO.FY 2023124130W

Shareholding

The shareholding of Devang Paper Mills 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 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Devang Paper Mills Private Limited, buy the company report.

Charges & borrowings

Open charges
₹105.83 Cr
Satisfied charges
₹19 Cr
Breakdown by lending institutions
Axis Bank Limited₹105.83 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Oct 2021100502605Axis Bank Limited₹105.83 CrOpen
09 Aug 201210372867Others₹9.5 CrSatisfied
08 Jun 201210359910Bank of Baroda₹9.5 CrSatisfied

To see the full charge records of Devang Paper Mills Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Devang Paper Mills Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.89 Cr; the latest was in March 2021.

Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹5.89 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2021Secondary share transferUndisclosedSeller: 4 individuals
Jul 2015Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Jul 2012Funding round₹3 CrInvestors: 4 individuals
Mar 2011Funding round₹34 LakhInvestors: 4 individuals

To see the full deal history of Devang Paper Mills Private Limited, buy the company report.

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

Credit ratings & regulatory alerts

Devang Paper Mills Private Limited was last rated by Icra on 28 Sep 2018.

Rating agencyRated onRating
Icra28 Sep 2018

To see the full credit ratings and regulatory alerts of Devang Paper Mills Private Limited, buy the company report.

MSME payment delays

Devang Paper Mills Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 13 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 13)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Jay Transmission
an individual supplier
Maheshwari Logistics Limited

To see the full MSME payment records of Devang Paper Mills Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Devang Paper Mills Private Limited has a workforce of 95 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
95
Active EPFO establishments
1
Employee growth
2.15%

GST

Devang Paper Mills has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCD7232R1ZBGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Devang Paper Mills Private Limited, buy the company report.

Recent activity

Devang Paper Mills Private Limited has 11 board changes on record since 2010: 5 appointments and 6 cessations. The latest: Aman Shailesh Patel ceased to be Additional Director on 29 Sep 2023.

Charges
A charge with Axis Bank Limited of Rs. 105.83 Cr registered on 28 Oct 2021 with Charge ID 100502605 was modified on 14 Nov 2025.
AGM
Devang Paper Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Devang Paper Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Aman Shailesh Patel ceased to be Additional Director.
Ceased
Dhruv Patel ceased to be Additional Director.
Appointed
Dhruv Patel was appointed as Director.
Appointed
Aman Shailesh Patel was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 105.83 Cr with Charge ID 100502605 was registered on 28 Oct 2021.
Ceased
Gokal Arajan Sadaria ceased to be Additional Director.
Ceased
Jaykumar Bharatbhai Patel ceased to be Additional Director.
Appointed
Jaykumar Bharatbhai Patel was appointed as Director.
Ceased
Devang Thobhanbhai Patel ceased to be Director.

9 earlier events are in the company report.

Frequently asked questions

Devang Paper Mills is an active private limited company based in Vapi, Gujarat, India. The company works in wood and wood products, within the wood industry. It was incorporated on 18 October 2010 (16+ years old) and is registered under CIN U21000GJ2010PTC062670.

Devang Paper Mills has 5 current directors:

The latest financial statements of Devang Paper Mills 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 Devang Paper Mills is 24AADCD7232R1ZB, registered in Gujarat.

The CIN (Corporate Identification Number) of Devang Paper Mills is U21000GJ2010PTC062670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Devang Paper Mills has 26 court cases on record: 23 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.

Devang Paper Mills was incorporated on 18 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Devang Paper Mills has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.89 Cr; the latest was in March 2021.

Aman Shailesh Patel ceased to be Additional Director on 29 Sep 2023. Dhruv Patel ceased to be Additional Director on 29 Sep 2023. Dhruv Patel was appointed as Director on 01 Feb 2023. Devang Paper Mills has 11 board changes on record in total.

Yes, Devang Paper Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0004438).

Devang Paper Mills has 6 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 13 micro and small suppliers. The latest return was filed on 30 Apr 2024.