About Devashish Securities Private Limited
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Devashish Securities Private Limited is a private limited company based in Bardoli Surat, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 17 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2000PTC038370. Its GSTIN is 24AABCD2155K1ZV (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Ashish Krishnakant Desai (Managing Director) and Haryax Ashish Desai.
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 07 Rose Plaza Complexsardar Baug Station Road, Bardoli Surat, Gujarat, India – 394602.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.47 Cr, a growth of 146% compared to the previous year. For the same year it recorded a net profit of ₹23.5 Lakh (net margin 9.5%) and EBITDA of ₹38.73 Lakh (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 53% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Devashish. As per MCA filings, the company has satisfied charges of ₹16 Lakh on record.
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.com.
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- Website
- Social Media
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- Registered Address07 Rose Plaza Complexsardar Baug Station Road, Bardoli Surat, Gujarat, India – 394602
- IndustryFinancial Services, Brokerage & Trading Services
- 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
Associated Brands with Devashish Securities Private Limited
Devashish Securities operates one associated brand: Devashish. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides portfolio management services for investors. | devashish.com |
Competitors & Alternatives of Devashish Securities Private Limited
Brands and companies operating in the same space as Devashish Securities Private Limited include Pioneer Investcorp, PineBridge Investments, Remgro and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Pioneer Investcorp | Boutique investment banking services are offered to mid-market clients. | Mumbai, India | 1984 |
 PineBridge Investments | Diversified investment management in multi-asset and fixed income is conducted. | New York, United States | 1996 |
 Remgro | Investments are held in diverse Southern African sectors. | Stellenbosch, South Africa | 1999 |
 Marcellus Investment Managers | Provider of portfolio management and investment advisory services | Mumbai, India | 2018 |
 Banyan Tree Advisors | Provides portfolio management and investment advice for high-quality companies and long-term growth. | Bengaluru, India | 2004 |
 Merrill Edge | Operates as an investment management and trading firm offering financial solutions. | Wichita, United States | 2010 |
| ASK Investment Managers | Wealth management firm | Mumbai, India | 2004 |
Business Activity of Devashish Securities Private Limited
The main business activity of Devashish Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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.
Auditor Details of Devashish Securities Private Limited
Devashish Securities Private Limited is audited by NAIK VAYWALA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAIK VAYWALA & ASSOCIATES | 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 Securities Private Limited
Devashish Securities has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Haryax Ashish Desai Also directs: Devashish Commodities Private Limited | Director | 20 Jan 2024 | 2 Years 8 Months | Current |
| Ashish Krishnakant Desai Also directs: Devashish Commodities Private Limited | Managing Director | 17 Jul 2000 | 26 Years 2 Months | Current |
| Jignaben Ashishbhai Desai | Director | 17 Jan 2026 | 0 Years 8 Months | Current |
Financials of Devashish Securities Private Limited FY 2025 filings available
Devashish Securities Private Limited reported revenue of ₹2.47 Cr (up 146% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devashish Securities Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 146% growth in the latest year. EBITDA rose 82% 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 Securities Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹38.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.5 Lakh | •••• | •••• | •••• | •••• |
| 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 Securities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Securities 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.
Ownership and Shareholding of Devashish Securities 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 Securities Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2021 | Hdfc Bank Limited | ₹8 Lakh | Satisfied |
| 04 Dec 2013 | The Bardoli Nagrik Sahakari Bank Ltd. | ₹8 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Devashish Securities Private Limited
Devashish Securities Private Limited has a workforce of 8 employees as of Apr 06, 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.
GST Compliance of Devashish Securities Private Limited
Devashish Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD2155K1ZV | 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.
Credit Ratings, Litigation & Regulatory Alerts for Devashish Securities 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 Devashish Securities 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 Devashish Securities 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.
MCA Filings & Documents of Devashish Securities 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.
Recent Activity on Devashish Securities Private Limited
Frequently Asked Questions about Devashish Securities Private Limited
Devashish Securities is an active private limited company based in Bardoli Surat, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 17 July 2000 (26+ years old) and is registered under CIN U67120GJ2000PTC038370.
Devashish Securities reported revenue of ₹2.47 Cr for FY 2025 (up 146% YoY).
Devashish Securities has 3 current directors:
- Ashish Krishnakant Desai - Managing Director
- Haryax Ashish Desai - Director
- Jignaben Ashishbhai Desai - Director
Devashish Securities reported a net profit of ₹23.5 Lakh (net margin 9.5%) and EBITDA of ₹38.73 Lakh (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devashish Securities is 40% over three years and 53% over five years. In the latest year (FY 2025) revenue rose 146%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devashish Securities is 24AABCD2155K1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Devashish Securities is U67120GJ2000PTC038370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devashish Securities was incorporated on 17 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Devashish Securities can be reached through the website devashish.com. Its registered office is in Bardoli Surat, Gujarat, India.