Devanshi Powers Limited
About Devanshi Powers Limited
Data last updated:
Devanshi Powers Limited is a public limited company based in Vithall Udyognagar, Gujarat, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 04 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31300GJ2012PLC072199.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹13.34 Cr. It is led by directors including Pradeepkumar Jagdishbhai Shah (Managing Director) and Shah Pankajkumar Jagdishchandra.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No. 418 – 419 GIDC Estate, Vithall Udyognagar, Gujarat, India – 388121.
As per the financials filed for FY 2017, the company reported a revenue of ₹93.68 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹52.13 Lakh (net margin 0.6%) and EBITDA of ₹4 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 11 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- TelephoneLocked
- WebsiteLocked
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- Registered AddressPlot No. 418 – 419 GIDC Estate, Vithall Udyognagar, Gujarat, India – 388121
- IndustryManufacturing, Cable & Wire
- 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 Devanshi Powers Limited
The main business activity of Devanshi Powers is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Devanshi Powers Limited FY 2017 filings available
Devanshi Powers Limited reported revenue of ₹93.68 Cr (up 10% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Devanshi Powers Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 10% growth in the latest year. EBITDA rose 44% 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 Devanshi Powers Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹93.68 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹4 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52.13 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 Devanshi Powers Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.3% | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• |
| 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 Devanshi Powers 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 Devanshi Powers Limited
Devanshi Powers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Cables and Wires). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Singhania International Limited | ₹96.51 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Ludhiana, Punjab, India |
| GK Enterprises Private Limited | ₹96.2 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Hamirani Metals Private Limited. | ₹94.84 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Pune, Maharashtra, India |
| Associated Cables Private Limited | ₹94.08 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Tribeda Vyapaar Private Limited | ₹93.89 Cr (FY 2018) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Devanshi Powers Limited this company | ₹93.68 Cr (FY 2017) | •••• | •••• | 10.0% | •••• | Vithall Udyognagar, Gujarat, India |
| Flytron Electricals Private Limited | ₹93.57 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Lakhdatar Ispat Private Limited | ₹93.45 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Raipur, Chattisgarh, India |
| Griptronics India Wires & Cables Private Limited | ₹93.44 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | East Delhi, Delhi, India |
| Himachal Wire Industries Pvt Ltd | ₹92.52 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Himachal Pardesh, Himachal Pradesh, India |
| Mayur Electromeck Limited | ₹92.3 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Devanshi Powers by revenue in the Manufacturing industry (Cables and Wires), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devanshi Powers Limited
Devanshi Powers Limited is audited by PATEL & MEHTA for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATEL & MEHTA | 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 Devanshi Powers Limited
Devanshi Powers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kartiki Inani | Additional Director | 07 Feb 2018 | 8 Years 8 Months | Current |
| Shah Pankajkumar Jagdishchandra | Director | 26 Jun 2014 | 12 Years 3 Months | Current |
| Pradeepkumar Jagdishbhai Shah Also directs: Smit Metals Private Limited | Managing Director | 04 Oct 2012 | 14 Years 0 Months | Current |
Ownership and Shareholding of Devanshi Powers 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 Devanshi Powers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Dec 2012 | Others | ₹16 Cr | Open |
| 04 Oct 2012 | Others | ₹14 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Devanshi Powers Limited
Devanshi Powers Limited has 16 court cases on record: 3 filed by Devanshi Powers, 11 filed against it, 2 where it is another party. 4 cases are pending and 12 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 11 | 4 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, Anand, Gujarat | Court case (EXE S) | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against State of Gujarat | Disposed |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Devanshi Powers Limited
Devanshi Powers Limited has a workforce of 7 employees as of Apr 06, 2024.
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.
Recent Activity on Devanshi Powers Limited
Devanshi Powers Limited has 8 board changes on record since 2012: 3 appointments and 5 cessations. The latest: Kartiki Inani ceased to be Additional Director on 25 Jun 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devanshi Powers 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 Devanshi Powers 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 Devanshi Powers 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 Devanshi Powers 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 Devanshi Powers 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 Devanshi Powers Limited
Devanshi Powers is an active public limited company based in Vithall Udyognagar, Gujarat, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 04 October 2012 (14+ years old) and is registered under CIN U31300GJ2012PLC072199.
Devanshi Powers reported revenue of ₹93.68 Cr for FY 2017 (up 10% YoY).
Devanshi Powers has 3 current directors:
- Pradeepkumar Jagdishbhai Shah - Managing Director
- Kartiki Inani - Additional Director
- Shah Pankajkumar Jagdishchandra - Director
Devanshi Powers reported a net profit of ₹52.13 Lakh (net margin 0.6%) and EBITDA of ₹4 Cr (EBITDA margin 4.3%) for FY 2017, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devanshi Powers is 11% over three years. In the latest year (FY 2017) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Devanshi Powers is U31300GJ2012PLC072199. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devanshi Powers has 16 court cases on record: 3 filed by the company and 11 filed against it. 4 are pending. Most are in the district courts.
Devanshi Powers was incorporated on 04 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devanshi Powers by revenue are Singhania International Limited, GK Enterprises Private Limited, Hamirani Metals Private Limited, Associated Cables Private Limited, Tribeda Vyapaar Private Limited and 5 more, all in the Manufacturing industry (Cables and Wires).
Kartiki Inani ceased to be Additional Director on 25 Jun 2019. Kartiki Inani was appointed as Additional Director on 07 Feb 2018. Varshaben Pradeepkumar Shah ceased to be Director on 07 Feb 2018. Devanshi Powers has 8 board changes on record in total.
The registered office of Devanshi Powers is at Plot No. 418 – 419 GIDC Estate, Vithall Udyognagar, Gujarat, India – 388121.