MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-UP-28-0005471
Devashi Polytex Private Limited
Devashi Polytex Private Limited - consumer goods in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹355.63 Cr
▲ 8% YoY
Net profit · FY 2025
₹5.38 Cr
Net margin 1.5%
EBITDA · FY 2025
₹7.43 Cr
EBITDA margin 2.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹92.9 Lakh
Issued & subscribed
Open charges
₹84 Cr
Satisfied ₹5.81 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
64
Provident fund records
About Devashi Polytex Private Limited
Data last updated:
Devashi Polytex Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 14 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17297DL2005PTC143637. Its GSTIN is 09AACCD2958B1ZU (Uttar Pradesh). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹92.9 Lakh. It is led by directors including Manish Gupta and Shagun Gupta.
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 6 – A Shivaji Margnajafgarh Road New Delhi – 15, Delhi, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹355.63 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹5.38 Cr (net margin 1.5%) and EBITDA of ₹7.43 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years and 48% over five years.
The company has about 64 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹84 Cr and satisfied charges of ₹5.81 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 4 cases are pending.
Devashi Polytex Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-UP-28-0005471). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17297DL2005PTC143637
Registration Number 143637
Incorporation Date 14 December 2005
ROC Delhi
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 MSME
Udyam Registration UDYAM-UP-28-0005471
Recognitions & Rankings of Devashi Polytex
Contact details
Devashi Polytex Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 – A Shivaji Margnajafgarh Road New Delhi – 15, Delhi, India
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Devashi Polytex Private Limited, buy the company report.
Comprehensive company report
Devashi Polytex 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 Devashi Polytex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Devashi Polytex Private Limited, buy the company report.
Financials of Devashi Polytex Private Limited
FY 2025 filings availableDevashi Polytex Private Limited reported revenue of ₹355.63 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹355.63 Cr ▲ 8%
Net profit · FY 2025
₹5.38 Cr margin 1.5%
EBITDA · FY 2025
₹7.43 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 91%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 42%
3 years · compounded
▲ 60%
5 years · compounded
▲ 73%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 8% growth in the latest year. EBITDA fell 42% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹355.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.38 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 1.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Devashi Polytex Private Limited, buy the company report.
Board of directors of Devashi Polytex Private Limited
Devashi Polytex has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Gupta | Director | 14 Dec 2005 | 20 Years 10 Months | Current |
| Shagun Gupta Also directs: Star Polytex LLP | Director | 01 Feb 2015 | 11 Years 8 Months | Current |
| Jyoti Prakash Gupta | Director | 16 Jan 2026 | 0 Years 9 Months | Current |
| Udbhav Gupta | Director | 26 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Devashi Polytex Private Limited is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gurdeep Singh and Sons Private Limited | ₹416.11 Cr (FY 2025) | 13.0% | Amritsar, Punjab, India | |||
| Golden Terry Towel Private Limited | ₹407.99 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Javi Home Private Limited | ₹359.18 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Devashi Polytex Private Limitedthis company | ₹355.63 Cr (FY 2025) | ₹5.38 Cr | 1.5% | 8.0% | 64 | New Delhi, Delhi, India |
| NMK Textile Mills (India) Private Limited | ₹353.97 Cr (FY 2025) | 7.0% | Thane, Maharashtra, India | |||
| Riviera Home Furnishings Private Limited | ₹349.56 Cr (FY 2025) | 19.0% | Delhi, India | |||
| Bella Casa Fashion & Retail Limited | ₹349.45 Cr (FY 2025) | 52.0% | Jaipur, Rajasthan, India | |||
| VTM Limited | ₹349.35 Cr (FY 2025) | 62.0% | Ramnad, Tamil Nadu, India | |||
| Raghuvir Synthetics Limited | ₹336.7 Cr (FY 2025) | 38.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Devashi Polytex Private Limited, buy the company report.
Auditor
Devashi Polytex Private Limited is audited by SUMER GARG & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMER GARG & CO. | FY 2023 | 0002606N |
Shareholding
The shareholding of Devashi Polytex 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devashi Polytex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹84 Cr
Satisfied charges
₹5.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2024 | 100892243 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 10 Mar 2022 | 100556458 | Others | ₹39 Cr | Open | |
| 11 Sep 2019 | 100289519 | Sidbi | ₹51 Lakh | Satisfied | |
| 02 Dec 2011 | 10328229 | Small Industries Development Bank of India | ₹2.85 Cr | Satisfied | |
| 02 Dec 2011 | 10329035 | Small Industries Development Bank of India | ₹1.25 Cr | Satisfied |
To see the full charge records of Devashi Polytex Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Devashi Polytex Private Limited has 11 court cases on record: 3 filed by Devashi Polytex, 8 filed against it. 4 cases are pending and 7 are disposed.
Total cases
11
Filed by the company
3
Filed against the company
8
Pending
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 4 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Original Suit) | Filed by the company against M/S. Girdhar International | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Filed by the company against M/S Girdhar International | Disposed |
To see the full case history of Devashi Polytex 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
Devashi Polytex Private Limited has 5 MSME Form 1 returns on record between 2020 and 2023, listing 18 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Palak Tapes Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| A S Udyog Private Limited |
To see the full MSME payment records of Devashi Polytex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Devashi Polytex Private Limited has a workforce of 64 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
64
Active EPFO establishments
1
Employee growth
64.1%
GST
Devashi Polytex has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCD2958B1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
| 33AACCD2958B1Z3 | Tamil Nadu | Active | 20 Mar 2022 |
To see the full GST registrations and return filing status of Devashi Polytex Private Limited, buy the company report.
Recent activity
Devashi Polytex Private Limited has 7 board changes on record since 2005: 5 appointments and 2 cessations. The latest: Jyoti Prakash Gupta was appointed as Director on 16 Jan 2026.
Appointed
Jyoti Prakash Gupta was appointed as Director.
AGM
Devashi Polytex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Devashi Polytex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Charges
A charge with Hdfc Bank Limited of Rs. 45.00 Cr registered on 08 Jan 2024 with Charge ID 100892243 was modified on 18 Mar 2025.
Charges
A charge with Others of Rs. 39.00 Cr registered on 10 Mar 2022 with Charge ID 100556458 was modified on 13 Mar 2025.
Ceased
Rajender Pal Gupta ceased to be Director.
Appointed
Udbhav Gupta was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 45.00 Cr with Charge ID 100892243 was registered on 08 Jan 2024.
Charges
A charge registered on 02 Dec 2011 via Charge ID 10329035 with Small Industries Development Bank Of India was fully satisfied on 14 Jun 2022.
Charges
A charge registered on 11 Sep 2019 via Charge ID 100289519 with Sidbi was fully satisfied on 29 Apr 2022.
Charges
A charge with Others amounted to Rs. 39.00 Cr with Charge ID 100556458 was registered on 10 Mar 2022.
Charges
A charge with Sidbi amounted to Rs. 0.51 Cr with Charge ID 100289519 was registered on 11 Sep 2019.
13 earlier events are in the company report.
Frequently asked questions
Devashi Polytex is an active private limited company based in New Delhi, Delhi, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 14 December 2005 (21+ years old) and is registered under CIN U17297DL2005PTC143637.
Devashi Polytex has 4 current directors:
- Manish Gupta - Director
- Shagun Gupta - Director
- Jyoti Prakash Gupta - Director
- Udbhav Gupta - Director
The latest financial statements of Devashi Polytex 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 Devashi Polytex is 09AACCD2958B1ZU, registered in Uttar Pradesh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 33AACCD2958B1Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of Devashi Polytex is U17297DL2005PTC143637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devashi Polytex has 11 court cases on record: 3 filed by the company and 8 filed against it. 4 are pending.
Devashi Polytex was incorporated on 14 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Devashi Polytex by revenue are Gurdeep Singh and Sons Private Limited, Golden Terry Towel Private Limited, Javi Home Private Limited, NMK Textile Mills (India) Private Limited, Riviera Home Furnishings Private Limited and 3 more, all in the Consumer Products industry (Home Furnishings Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Jyoti Prakash Gupta was appointed as Director on 16 Jan 2026. Rajender Pal Gupta ceased to be Director on 27 Feb 2025. Udbhav Gupta was appointed as Director on 26 Feb 2025. Devashi Polytex has 7 board changes on record in total.
Yes, Devashi Polytex is registered as an MSME under Udyam registration (number: UDYAM-UP-28-0005471).
Devashi Polytex has 5 MSME Form 1 returns on record between 2020 and 2023, listing 18 overdue payments to 14 micro and small suppliers. The latest return was filed on 28 Apr 2023.
The registered office of Devashi Polytex is at 6 – A Shivaji Margnajafgarh Road New Delhi – 15, Delhi, India.