MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-25-0022226
Devarshi Industries Private Limited
Devarshi Industries Private Limited - consumer electronics & durables in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.61 Cr
▼ 5% YoY
Net profit · FY 2025
₹6.73 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹13.84 Lakh
EBITDA margin 5.3%
Authorised capital
₹11 Lakh
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Satisfied charges
₹50 Lakh
No open charges
Company age
29 yrs
Est. 1997
Employees · EPFO
7
Provident fund records
About Devarshi Industries Private Limited
Data last updated:
Devarshi Industries Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 July 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23209GJ1997PTC032662. Its GSTIN is 24AAACD5428Q2ZD (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹11 Lakh. It was formerly known as Devarshi Petrochem Private Limited. It is led by directors including Ravikumar Devendrakumar Jhunjhunwala and Komal Ravi Jhunjhunwala.
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 Plot No. 68 Damanganga Industrial Estate Dungari Falia Dharampur Road Karwad, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.61 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹6.73 Lakh (net margin 2.6%) and EBITDA of ₹13.84 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 88% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹50 Lakh on record.
Devarshi Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0022226). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U23209GJ1997PTC032662
Registration Number 032662
Incorporation Date 14 July 1997
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-25-0022226
Key People
Ravikumar Devendrakumar Jhunjhunwala Director Komal Ravi Jhunjhunwala Director Reema Anil Jhunjhunwala Director Recognitions & Rankings of Devarshi Industries
Contact details
Devarshi Industries Private Limited's registered office is in Vapi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 68 Damanganga Industrial Estate Dungari Falia Dharampur Road Karwad, Vapi, Gujarat, India – 396195
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Devarshi Industries Private Limited, buy the company report.
Comprehensive company report
Devarshi Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Devarshi Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Devarshi Industries Private Limited, buy the company report.
Financials of Devarshi Industries Private Limited
FY 2025 filings availableDevarshi Industries Private Limited reported revenue of ₹2.61 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹2.61 Cr ▼ 5%
Net profit · FY 2025
₹6.73 Lakh margin 2.6%
EBITDA · FY 2025
₹13.84 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 10%
5 years · compounded
▲ 88%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 11%
5 years · compounded
▲ 44%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 88%. EBITDA rose 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹13.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.73 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Devarshi Industries Private Limited, buy the company report.
Board of directors of Devarshi Industries Private Limited
Devarshi Industries has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravikumar Devendrakumar Jhunjhunwala | Director | 27 Jun 2011 | 15 Years 3 Months | Current |
| Komal Ravi Jhunjhunwala | Director | 21 Sep 2019 | 7 Years 1 Months | Current |
| Reema Anil Jhunjhunwala | Director | 21 Sep 2019 | 7 Years 1 Months | Current |
| Anil Devendra Jhunjhunwala | Director | 21 Sep 2019 | 7 Years 1 Months | Current |
Auditor
Devarshi Industries Private Limited is audited by SONAL NIRMAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SONAL NIRMAL & ASSOCIATES | FY 2023 | 119100W |
Shareholding
The shareholding of Devarshi Industries 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devarshi Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2009 | 10148884 | Punjab Notional Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Devarshi Industries Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Devarshi Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devarshi Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devarshi Industries Private Limited has a workforce of 7 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
GST
Devarshi Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD5428Q2ZD | Gujarat | Active | 26 Sep 2019 |
To see the full GST registrations and return filing status of Devarshi Industries Private Limited, buy the company report.
Recent activity
Devarshi Industries Private Limited has 7 board changes on record since 2011: 4 appointments and 3 cessations. The latest: Devendra Jiwanram Jhunjhunuwala ceased to be Director on 01 Oct 2019.
AGM
Devarshi Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Devarshi Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Devendra Jiwanram Jhunjhunuwala ceased to be Director.
Appointed
Anil Devendra Jhunjhunwala was appointed as Director.
Appointed
Komal Ravi Jhunjhunwala was appointed as Director.
Appointed
Reema Anil Jhunjhunwala was appointed as Director.
Ceased
Komal Ravi Jhunjhunwala ceased to be Director.
Ceased
Manju Devendra Jhunjhunwala ceased to be Director.
Charges
A charge registered on 12 Mar 2009 via Charge ID 10148884 with Punjab Notional Bank was fully satisfied on 30 Sep 2014.
Charges
A charge with Punjab Notional Bank of Rs. 50.00 Lakh registered on 12 Mar 2009 with Charge ID 10148884 was modified on 16 Feb 2012.
Appointed
Ravikumar Devendrakumar Jhunjhunwala was appointed as Director.
Charges
A charge with Punjab Notional Bank amounted to Rs. 50.00 Lakh with Charge ID 10148884 was registered on 12 Mar 2009.
1 earlier event is in the company report.
Frequently asked questions
Devarshi Industries is an active private limited company based in Vapi, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 July 1997 (29+ years old) and is registered under CIN U23209GJ1997PTC032662.
Devarshi Industries has 4 current directors:
- Ravikumar Devendrakumar Jhunjhunwala - Director
- Komal Ravi Jhunjhunwala - Director
- Reema Anil Jhunjhunwala - Director
- Anil Devendra Jhunjhunwala - Director
The latest financial statements of Devarshi Industries 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 Devarshi Industries is 24AAACD5428Q2ZD, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Devarshi Industries is U23209GJ1997PTC032662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devarshi Industries was incorporated on 14 July 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Devendra Jiwanram Jhunjhunuwala ceased to be Director on 01 Oct 2019. Anil Devendra Jhunjhunwala was appointed as Director on 21 Sep 2019. Komal Ravi Jhunjhunwala was appointed as Director on 21 Sep 2019. Devarshi Industries has 7 board changes on record in total.
Yes, Devarshi Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-25-0022226).
The registered office of Devarshi Industries is at Plot No. 68 Damanganga Industrial Estate Dungari Falia Dharampur Road Karwad, Vapi, Gujarat, India – 396195.
Devarshi Industries operates in the consumer electronics and durables industry, in the electronics manufacturing segment.