About Devashish Infrastructure Private Limited
Data last updated:
Devashish Infrastructure Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the engineering sector. It was incorporated on 03 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2007PTC050445. Its GSTIN is 24AACCD5860A1Z5 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.81 Cr. It is led by directors Mahesh Mohanbhai Vaghela (Managing Director) and Rita Mahesh Vaghela.
Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office 211 Nilamber Primero Opp. Vicenza Meridian Bhayli Road, Vadodara, Gujarat, India – 391410.
As per the financials filed for FY 2024, the company reported a revenue of ₹114.56 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Cr (net margin 2.3%) and EBITDA of ₹6.21 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company has about 241 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹29.72 Cr and satisfied charges of ₹56.25 Cr on record. Court records list 70 cases involving the company, including 12 filed by the company and 58 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devashish.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice 211 Nilamber Primero Opp. Vicenza Meridian Bhayli Road, Vadodara, Gujarat, India – 391410
- IndustryEngineering, Engineering, Metal Foundry & Fabrication Services, Procurement & Construction (EPC)
- 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 Devashish Infrastructure Private Limited
The main business activity of Devashish Infrastructure is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated 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 Devashish Infrastructure Private Limited FY 2024 filings available
Devashish Infrastructure Private Limited reported revenue of ₹114.56 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devashish Infrastructure Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 13% growth in the latest year. EBITDA rose 115% 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 Devashish Infrastructure Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.66 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 Devashish Infrastructure Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 Devashish Infrastructure 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 Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction, Foundry and Fabrication). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saketh Sevvenstar Industries Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Precision Infratech Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Technofab Engineering Limited Listed | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Beigh Construction Company Private Limited | •••• | •••• | •••• | •••• | 46 | Jammu, Jammu & Kashmir, India |
| Anil Steels Private Limited | •••• | •••• | •••• | •••• | 25 | Delhi, India |
| Devashish Infrastructure Private Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Continental Petroleums Limited Listed | •••• | •••• | •••• | •••• | 25 | Jaipur, Rajasthan, India |
| TPF Engineering Private Limited | •••• | •••• | •••• | •••• | 458 | Vashi, Maharashtra, India |
| Carbyne Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Satec Envir Engineering (India) Private Limited | •••• | •••• | •••• | •••• | 122 | Navi Mumbai, Maharashtra, India |
| P.C. Sons Castings Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Devashish Infrastructure by revenue in the Engineering industry (Engineering Procurement and Construction, Foundry and Fabrication), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited is audited by RONAK S SHAH for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RONAK S SHAH | 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 Devashish Infrastructure Private Limited
Devashish Infrastructure has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rita Mahesh Vaghela Also directs: Devashish Interiors Private Limited, Devashish Silotech LLP | Director | 03 Apr 2007 | 19 Years 6 Months | Current |
| Mahesh Mohanbhai Vaghela Also directs: Devashish Interiors Private Limited | Managing Director | 03 Apr 2007 | 19 Years 6 Months | Current |
Ownership and Shareholding of Devashish Infrastructure 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 Devashish Infrastructure Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2024 | Others | ₹1.11 Cr | Open |
| 04 Sep 2023 | Hdfc Bank Limited | ₹20.09 Lakh | Open |
| 23 Jun 2023 | Hdfc Bank Limited | ₹26.15 Lakh | Open |
| 30 Oct 2020 | Hdfc Bank Limited | ₹28.15 Cr | Open |
| 29 Jun 2020 | Karnataka Bank Ltd. | ₹2 Cr | Satisfied |
Total charge records: 16 View all charges
Legal Cases of Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited has 70 court cases on record: 12 filed by Devashish Infrastructure, 58 filed against it. 12 cases are pending and 58 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 63 | 58 | 11 |
| High courts | 7 | 0 | 1 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by LX Pantos India Private Limited | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Devki Nandan Minerals Private Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| District court, Faridabad, Haryana | Commercial suit | Filed against the company by an individual | Pending |
Full case history
All 70 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.
MSME Payment Delays by Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited has 17 MSME Form 1 returns on record between 2018 and 2024, listing 907 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 17 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited has a workforce of 241 employees as of Apr 05, 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.
Group Structure of Devashish Infrastructure Private Limited
Devashish Infrastructure has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Devashish Infrastructure Private Limited
Devashish Infrastructure Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Viral Krishnakant Shah ceased to be Director on 01 Oct 2018.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devashish Infrastructure 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.
Subsidiaries & Group Companies of Devashish Infrastructure 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 Devashish Infrastructure Private Limited
Devashish Infrastructure has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCD5860A1Z5 | Gujarat | 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 Devashish Infrastructure 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 Devashish Infrastructure Private Limited
Devashish Infrastructure is an active private limited company based in Vadodara, Gujarat, India. The company works in the engineering industry. It was incorporated on 03 April 2007 (19+ years old) and is registered under CIN U45201GJ2007PTC050445.
Devashish Infrastructure reported revenue of ₹114.56 Cr for FY 2024 (up 13% YoY).
Devashish Infrastructure has 2 current directors:
- Mahesh Mohanbhai Vaghela - Managing Director
- Rita Mahesh Vaghela - Director
Devashish Infrastructure reported a net profit of ₹2.66 Cr (net margin 2.3%) and EBITDA of ₹6.21 Cr (EBITDA margin 5.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devashish Infrastructure is 19% over three years and 11% over five years. In the latest year (FY 2024) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devashish Infrastructure is 24AACCD5860A1Z5, 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 Devashish Infrastructure is U45201GJ2007PTC050445. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devashish Infrastructure has 70 court cases on record: 12 filed by the company and 58 filed against it. 12 are pending. Most are in the district courts.
Devashish Infrastructure was incorporated on 03 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devashish Infrastructure by revenue are Saketh Sevvenstar Industries Limited, Precision Infratech Private Limited, Technofab Engineering Limited, Beigh Construction Company Private Limited, Anil Steels Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction, Foundry and Fabrication).
Viral Krishnakant Shah ceased to be Director on 01 Oct 2018. Malay Natubhai Kamdar ceased to be Additional Director on 26 Sep 2015. Ashish B Pathak ceased to be Director on 31 Dec 2013. Devashish Infrastructure has 7 board changes on record in total.
Devashish Infrastructure has 17 MSME Form 1 returns on record between 2018 and 2024, listing 907 overdue payments to 19 micro and small suppliers. The latest return was filed on 30 Apr 2024.