Devashray Papers (India) LLP
About Devashray Papers (India) LLP
Data last updated:
Devashray Papers (India) LLP is a limited liability partnership (LLP) based in Kheda, Gujarat, India. The LLP is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 24 September 2018.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAN-3319. Its GSTIN is 24AAPFD2894J1ZZ (Gujarat).
The LLP has a total obligation of contribution of ₹55 Cr. It is led by designated partners Naranbhai Devjibhai Desai and Kumudben Naranbhai Desai.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Kheda, Gujarat.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹105.43 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹17.54 Cr (net margin -16.6%) and EBITDA of ₹2.44 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 707% over five years.
As per MCA filings, the LLP has open charges of ₹193.69 Cr on record. Court records list 7 cases involving the LLP, including 7 filed against it.
Company details
Contact details
Devashray Papers (India) LLP's registered office is in Kheda, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No 1106 Makva Vijaypura, Nr Express Highway Vill Makva Taluka Mehemdabad, Kheda, Gujarat, India – 387411
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Devashray Papers (India) LLP, 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
Financials of Devashray Papers (India) LLP
FY 2024 filings availableDevashray Papers (India) LLP reported revenue of ₹105.43 Cr (up 27780444% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 707% over five years. 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profit After Tax | -₹17.54 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Net Profit Margin | -16.6% | ||||
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To see the full financial statements and ratios of Devashray Papers (India) LLP, buy the company report.
Designated partners of Devashray Papers (India) LLP
Devashray Papers (India) has 2 current designated partners and 6 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naranbhai Devjibhai Desai Also directs: N K R Engineers Private Limited | Designated Partner | 24 Sep 2018 | 8 Years 1 Months | As last reported |
| Kumudben Naranbhai Desai Also directs: N K R Engineers Private Limited | Designated Partner | 21 Aug 2019 | 7 Years 2 Months | As last reported |
Peer comparison
Devashray Papers (India) LLP is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Riston Paper Mill Private Limited | ₹108.62 Cr (FY 2025) | 21.0% | Rajkot, Gujarat, India | |||
| SRB Papertech Private Limited | ₹108.51 Cr (FY 2025) | 72.0% | Jaipur, Rajasthan, India | |||
| Mahalaxmi Crafts and Tissues Private Limited | ₹107.77 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Globus International Coaters Private Limited | ₹107.51 Cr (FY 2025) | 1.0% | Khopoli, Maharashtra, India | |||
| Shreenath Paper Products Limited | ₹106.08 Cr (FY 2025) | -44.0% | Aurangabad, Maharashtra, India | |||
| Devashray Papers (India) LLPthis company | ₹105.43 Cr (FY 2024) | -₹17.54 Cr | -16.6% | 27780444.0% | Kheda, Gujarat, India | |
| Supreme Paper Mills Ltd | ₹105.29 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Hanumant Paper Mills Private Limited | ₹104.9 Cr (FY 2025) | 100.0% | New Delhi, Delhi, India | |||
| Sayaji Paper Private Limited | ₹103.6 Cr (FY 2025) | 20.0% | Vadodara, Gujarat, India | |||
| V.V.G. Paper Industry Private Limited | ₹103.27 Cr (FY 2024) | -4.0% | Hosur, Tamil Nadu, India | |||
| Sri Ramadas Paper Boards Private Limited | ₹102.68 Cr (FY 2025) | -15.0% | Rajahmundry, Andhra Pradesh, India |
To see the full peer comparison of Devashray Papers (India) LLP, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2024 | 100998199 | Bank of India | ₹3.32 Cr | Open | |
| 30 Nov 2023 | 100913609 | Karnataka Bank Ltd. | ₹37.3 Lakh | Open | |
| 15 Dec 2022 | 100653053 | Pnb Investment Services Limited | ₹190 Cr | Open |
Total charge records: 3 View all charges
Legal cases
Devashray Papers (India) LLP has 7 court cases on record: 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 5 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (3 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kheda at Nadiad, Gujarat | Criminal miscellaneous application | Filed against the company by Union Bank of India | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Devashray Papers (India) LLP, 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 Devashray Papers (India) LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devashray Papers (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPFD2894J1ZZ | Gujarat | Active | 25 Feb 2019 |
To see the full GST registrations and return filing status of Devashray Papers (India) LLP, buy the company report.
Recent activity
Devashray Papers (India) LLP has 8 designated partner changes on record since 2018: 2 appointments and 6 cessations. The latest: Arvind Kumar Agarwal ceased to be Designated Partner on 01 Feb 2022.
2 earlier events are in the company report.
Frequently asked questions
Devashray Papers (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The LLP may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Devashray Papers (India) is a company under insolvency, formerly operating as a limited liability partnership based in Kheda, Gujarat, India. The LLP works in paper and packaging products, within the manufacturing industry. It was incorporated on 24 September 2018 and is registered under LLPIN AAN-3319. Caution is advised - the LLP may not have the legal capacity to fulfil new agreements.
Devashray Papers (India) has 2 current designated partners:
- Naranbhai Devjibhai Desai - Designated Partner
- Kumudben Naranbhai Desai - Designated Partner
The latest financial statements of Devashray Papers (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2019 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of Devashray Papers (India) is AAN-3319. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Devashray Papers (India) has open charges of ₹193.69 Cr and no satisfied charges on record as per latest MCA filings.
Devashray Papers (India) has 7 court cases on record: 7 filed against it. Most are in the nclat.
Devashray Papers (India) was incorporated on 24 September 2018. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devashray Papers (India) by revenue are Riston Paper Mill Private Limited, SRB Papertech Private Limited, Mahalaxmi Crafts and Tissues Private Limited, Globus International Coaters Private Limited, Shreenath Paper Products Limited and 5 more, all in the Manufacturing industry (Paper).
Arvind Kumar Agarwal ceased to be Designated Partner on 01 Feb 2022. Bhavesh Hasmukhbhai Oza ceased to be Designated Partner on 01 Feb 2022. Tanish Arvind Agarwal ceased to be Designated Partner on 01 Feb 2022. Devashray Papers (India) has 8 designated partner changes on record in total.
The registered office of Devashray Papers (India) is at Survey No 1106 Makva Vijaypura, Nr Express Highway Vill Makva Taluka Mehemdabad, Kheda, Gujarat, India – 387411.
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