Devank Enterprises Private Limited
About Devank Enterprises Private Limited
Data last updated:
Devank Enterprises Private Limited is a private limited company based in Bhubaneswar, Orissa, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 28 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74110OR2010PTC012053.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Shyamshree Traders Private Limited. It is led by directors including Preety Agarwal and Bal Mukund Prince.
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 Flat No 701 Bhagawan Tower Jharpada Cuttack Road, Bhubaneswar, Orissa, India – 751006.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.01 Lakh (net margin -2.2%) and EBITDA of ₹1.19 Cr (EBITDA margin 52%). Revenue has grown at a compounded annual rate (CAGR) of 137% over three years and 81% over five years.
As per MCA filings, the company has satisfied charges of ₹7.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressFlat No 701 Bhagawan Tower Jharpada Cuttack Road, Bhubaneswar, Orissa, India – 751006
- IndustryManufacturing, Pipe & Tubes
- 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
- One PDF report, delivered after checkout
Business Activity of Devank Enterprises Private Limited
The main business activity of Devank Enterprises is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Devank Enterprises Private Limited FY 2024 filings available
Devank Enterprises Private Limited reported revenue of ₹2.29 Cr (up 369% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devank Enterprises Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 81% over five years, including 369% growth in the latest year. EBITDA rose 213% 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 Devank Enterprises Private Limited
| 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 | ₹1.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.01 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 Devank Enterprises Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Devank Enterprises are in the company report.
Financial statements from 2015
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 Devank Enterprises Private Limited
Devank Enterprises Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajawas Pipes Mart Private Limited | •••• | •••• | •••• | •••• | - | Amber, Rajasthan, India |
| KD Tubes and Pipe Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Shivani Pipe Industries Private Limited | •••• | •••• | •••• | •••• | - | Kopergaon, Maharashtra, India |
| Logic Flame India Private Limited | •••• | •••• | •••• | •••• | - | Kotdwar, Uttarakhand, India |
| Navneet Ceramics Private Limited | •••• | •••• | •••• | •••• | - | Harayana, Haryana, India |
| Devank Enterprises Private Limited this company | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Mahavir Pipes & Fittings Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Veyespe Hitech Innovations Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore North, Tamil Nadu, India |
| Neelkanth Polytech Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Indra PVC Private Limited | •••• | •••• | •••• | •••• | - | Ambikapur, Chattisgarh, India |
| Udey Medflex Tubes Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Devank Enterprises by revenue in the Manufacturing industry (Pipes), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Devank Enterprises Private Limited
Devank Enterprises Private Limited is audited by N.SWARUP & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.SWARUP & CO | 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 Devank Enterprises Private Limited
Devank Enterprises 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 |
|---|---|---|---|---|
| Preety Agarwal | Director | 31 Mar 2018 | 8 Years 6 Months | Current |
| Bal Mukund Prince Also directs: Yohana Enterprises Private Limited | Director | 26 Feb 2022 | 4 Years 7 Months | Current |
| Saket Agarwal | Director | 28 May 2010 | 16 Years 4 Months | Current |
Ownership and Shareholding of Devank Enterprises Private Limited
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 Devank Enterprises Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jun 2022 | Others | ₹7.25 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Devank Enterprises Private Limited
Employment history and EPFO contributions of people linked to Devank Enterprises.
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.
Name History of Devank Enterprises Private Limited
Devank Enterprises has undergone 3 name changes throughout its history. The company was previously known as Devank Enterprises Private Limited, Shyamshree Traders Private Limited, and Pied Pipes India Private Limited. The current legal name is Devank Enterprises Private Limited.
| Company Name | Status |
|---|---|
| Devank Enterprises Private Limited | Current |
| Shyamshree Traders Private Limited | Previous |
| Pied Pipes India Private Limited | Previous |
CIN History of Devank Enterprises Private Limited
Devank Enterprises has one previous CIN (Corporate Identification Number): U51909OR2010PTC012053. The current CIN is U74110OR2010PTC012053, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110OR2010PTC012053 | Current |
| U51909OR2010PTC012053 | Previous |
Recent Activity on Devank Enterprises Private Limited
Devank Enterprises Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Bal Mukund Prince was appointed as Director on 26 Feb 2022.
Credit Ratings, Litigation & Regulatory Alerts for Devank Enterprises Private Limited
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 Devank Enterprises Private Limited
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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devank Enterprises Private Limited
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 Devank Enterprises Private Limited
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 Devank Enterprises Private Limited
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 Devank Enterprises Private Limited
Devank Enterprises is an active private limited company based in Bhubaneswar, Orissa, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 28 May 2010 (16+ years old) and is registered under CIN U74110OR2010PTC012053.
Devank Enterprises reported revenue of ₹2.29 Cr for FY 2024 (up 369% YoY).
Devank Enterprises has 3 current directors:
- Preety Agarwal - Director
- Bal Mukund Prince - Director
- Saket Agarwal - Director
Devank Enterprises reported a net loss of ₹5.01 Lakh (net margin -2.2%) and EBITDA of ₹1.19 Cr (EBITDA margin 52%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devank Enterprises is 137% over three years and 81% over five years. In the latest year (FY 2024) revenue rose 369%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Devank Enterprises is U74110OR2010PTC012053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devank Enterprises was incorporated on 28 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Devank Enterprises by revenue are Rajawas Pipes Mart Private Limited, KD Tubes and Pipe Private Limited, Shivani Pipe Industries Private Limited, Logic Flame India Private Limited, Navneet Ceramics Private Limited and 5 more, all in the Manufacturing industry (Pipes).
Bal Mukund Prince was appointed as Director on 26 Feb 2022. Ramawtar Sharma ceased to be Director on 02 Apr 2018. Preety Agarwal was appointed as Director on 31 Mar 2018. Devank Enterprises has 4 board changes on record in total.
The registered office of Devank Enterprises is at Flat No 701 Bhagawan Tower Jharpada Cuttack Road, Bhubaneswar, Orissa, India – 751006.
Devank Enterprises has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr.