Devas Engineering Systems Private Limited
About Devas Engineering Systems Private Limited
Data last updated:
Devas Engineering Systems Private Limited is a private limited company based in Hosur, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 April 2010.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U29150TZ2010PTC015970. Its GSTIN is 33AADCD4579M1ZA (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.43 Cr. It was formerly known as Devas Engineering Systems India Private Limited. It is led by directors including Swaminathan Prabhu (Irp/Rp/Liquidator) and Shienola Sadhu.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plit No 101A Sipcot Industrial Complex Phase I, Hosur, Tamil Nadu, India – 635126.
As per the financials filed for FY 2022, the company reported a revenue of ₹99,238, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹2.01 Cr and EBITDA of -₹14,834 (EBITDA margin -14.9%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 59% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.35 Cr on record. Court records list 15 cases involving the company, including 1 filed by the company and 14 filed against it; 3 cases are pending.
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- Registered AddressPlit No 101A Sipcot Industrial Complex Phase I, Hosur, Tamil Nadu, India – 635126
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Devas Engineering Systems Private Limited
The main business activity of Devas Engineering Systems 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 Devas Engineering Systems Private Limited FY 2022 filings available
Devas Engineering Systems Private Limited reported revenue of ₹99,238 (down 96% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Devas Engineering Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 59% over five years, including a 96% fall in the latest year. EBITDA rose 100% 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 Devas Engineering Systems Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹99,238 | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹14,834 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.01 Cr | •••• | •••• | •••• | •••• |
| 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 Devas Engineering Systems Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Devas Engineering Systems 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 Devas Engineering Systems Private Limited
Devas Engineering Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kali M.H.S. Private Limited | ₹1.14 Lakh (FY 2024) | •••• | •••• | 225.0% | •••• | Chennai, Tamil Nadu, India |
| Tiger Material Handlings Private Limited | ₹1.11 Lakh (FY 2022) | •••• | •••• | -98.0% | •••• | Faridabad, Haryana, India |
| Su-Mech Storage Systems Private Limited | ₹1.08 Lakh (FY 2025) | •••• | •••• | -98.0% | •••• | Pune, Maharashtra, India |
| Kinergy India Limited | ₹1.01 Lakh (FY 2025) | •••• | •••• | 50.0% | •••• | Delhi, India |
| Annpurna Trollies Private Limited | ₹1 Lakh (FY 2025) | •••• | •••• | -26.0% | •••• | Ahmedabad, Gujarat, India |
| Devas Engineering Systems Private Limited this company | ₹99,238 (FY 2022) | •••• | •••• | -96.0% | •••• | Hosur, Tamil Nadu, India |
| Indura Materials Handling Private Limited | ₹81,640 (FY 2025) | •••• | •••• | 8.0% | •••• | Faridabad, Haryana, India |
| Maglec Handling Equipments Private Limited | ₹80,471 (FY 2021) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Indure Louise Private Limited | ₹70,453 (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Induct Crane System Private Limited | ₹70,140 (FY 2024) | •••• | •••• | •••• | Lodhika, Gujarat, India | |
| Aries Travels Private Limited | ₹65,580 (FY 2018) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Devas Engineering Systems by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 Devas Engineering Systems Private Limited
Devas Engineering Systems Private Limited is audited by K S K & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K S K & 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 Devas Engineering Systems Private Limited
Devas Engineering Systems has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swaminathan Prabhu Also directs: SPP Insolvency Professionals LLP, Ritul Renewables Private Limited | Irp/Rp/Liquidator | 05 Dec 2023 | 2 Years 10 Months | As last reported |
| Shienola Sadhu | Director | 06 Apr 2010 | 16 Years 6 Months | As last reported |
| Devamony Paramasadhu | Director | 06 Apr 2010 | 16 Years 6 Months | As last reported |
Ownership and Shareholding of Devas Engineering Systems 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 Devas Engineering Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jun 2011 | Corporation Bank | ₹15.35 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Devas Engineering Systems Private Limited
Devas Engineering Systems Private Limited has 15 court cases on record: 1 filed by Devas Engineering Systems, 14 filed against it. 3 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 2 |
| NCLAT | 1 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed against the company by Masta Bearing Housing Private Limited | Pending |
| NCLAT, Chennai | Insolvency matter | Filed by the company against Union Bank of India Limited and 1 other | Pending |
| District court, Krishnagiri, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Union Bank of India Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Masta Bearing Housing Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Masta Bearing Housing Private Limited | Disposed |
Full case history
All 15 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 Devas Engineering Systems Private Limited
Devas Engineering Systems Private Limited has a workforce of 2 employees as of Apr 10, 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 Devas Engineering Systems Private Limited
Devas Engineering Systems Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Swaminathan Prabhu was appointed as Irp/Rp/Liquidator on 05 Dec 2023.
Credit Ratings, Litigation & Regulatory Alerts for Devas Engineering Systems 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 Devas Engineering Systems 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 Devas Engineering Systems 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 Devas Engineering Systems Private Limited
Devas Engineering Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCD4579M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
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 Devas Engineering Systems 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 Devas Engineering Systems Private Limited
Devas Engineering Systems is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Devas Engineering Systems is a company under liquidation, formerly operating as a private limited company based in Hosur, Tamil Nadu, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 April 2010 and is registered under CIN U29150TZ2010PTC015970. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Devas Engineering Systems reported revenue of ₹99,238 for FY 2022 (down 96% YoY).
Devas Engineering Systems has 3 current directors:
- Shienola Sadhu - Director
- Devamony Paramasadhu - Director
- Swaminathan Prabhu - Irp/Rp/Liquidator
Devas Engineering Systems reported a net loss of ₹2.01 Cr and EBITDA of -₹14,834 (EBITDA margin -14.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devas Engineering Systems is -63% over three years and -59% over five years. In the latest year (FY 2022) revenue fell 96%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Devas Engineering Systems is U29150TZ2010PTC015970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devas Engineering Systems has open charges of ₹15.35 Cr and no satisfied charges on record as per latest MCA filings.
Devas Engineering Systems has 15 court cases on record: 1 filed by the company and 14 filed against it. 3 are pending. Most are in the district courts.
Devas Engineering Systems was incorporated on 06 April 2010. It is registered with the Registrar of Companies, Coimbatore.
The peers of Devas Engineering Systems by revenue are Kali M.H.S. Private Limited, Tiger Material Handlings Private Limited, Su-Mech Storage Systems Private Limited, Kinergy India Limited, Annpurna Trollies Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).