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.
Company details
Contact details
Devas Engineering Systems Private Limited's registered office is in Hosur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlit No 101A Sipcot Industrial Complex Phase I, Hosur, Tamil Nadu, India – 635126
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Devas Engineering Systems Private Limited, buy the company report.
- 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
Business activity
The main business activity of Devas Engineering Systems is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Devas Engineering Systems Private Limited, buy the company report.
Financials of Devas Engineering Systems Private Limited
FY 2022 filings availableDevas Engineering Systems Private Limited reported revenue of ₹99,238 (down 96% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
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
| 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 | ||||
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| EBITDA | -₹14,834 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.9% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Devas Engineering Systems Private Limited, buy the company report.
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 |
Auditor
Devas Engineering Systems Private Limited is audited by K S K & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S K & CO | FY 2022 | 012242S |
Shareholding
The shareholding of Devas Engineering Systems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devas Engineering Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2011 | 10295234 | Corporation Bank | ₹15.35 Cr | Open |
To see the full charge records of Devas Engineering Systems Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
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.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 2 |
| High courts | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
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 Machinery Stores Pvt. Ltd. | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against Union Bank of India Limited and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Masta Machinery Stores Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Masta Machinery Stores Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Lasa Engineers Private Ltd. | Disposed |
To see the full case history of Devas Engineering Systems Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devas Engineering Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devas Engineering Systems Private Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Devas Engineering Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCD4579M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devas Engineering Systems Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 3 current directors:
- Shienola Sadhu - Director
- Devamony Paramasadhu - Director
- Swaminathan Prabhu - Irp/Rp/Liquidator
The latest financial statements of Devas Engineering Systems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
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.
Swaminathan Prabhu was appointed as Irp/Rp/Liquidator on 05 Dec 2023. Devamony Paramasadhu was appointed as Director on 06 Apr 2010. Shienola Sadhu was appointed as Director on 06 Apr 2010.
The registered office of Devas Engineering Systems is at Plit No 101A Sipcot Industrial Complex Phase I, Hosur, Tamil Nadu, India – 635126.