About Devasya Developers Private Limited
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Devasya Developers Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Raheja Developers Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL2004PTC125229. Its GSTIN is 06AADCR1302G1ZZ (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Riyasat Towers Private Limited and Raheja Towers Private Limited. It is led by directors Indu Kaul Wattal and Ajay Tyagi.
Its last annual general meeting (AGM) was held on 25 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C/O – Regus Centre Saket Private Limited Saket Private Limited Rectangle – 1 D – 4, District Centre Saket Commercial Complex New Delhi – 110 017., Delhi, India – 110017.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.34 Lakh. For the same year it recorded a net loss of ₹38.78 Lakh and EBITDA of -₹38.77 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 8% over five years.
As per MCA filings, the company has satisfied charges of ₹130 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raheja.com.
Company details
Name history
Devasya Developers has undergone 3 name changes throughout its history. The company was previously known as Riyasat Towers Private Limited, Raheja Towers Private Limited, and Devasya Developers Private Limited. The current legal name is Devasya Developers Private Limited.
| Company Name | Status |
|---|---|
| Devasya Developers Private Limited | Current |
| Riyasat Towers Private Limited | Previous |
| Raheja Towers Private Limited | Previous |
Contact details
Devasya Developers Private Limited's registered office is in New Delhi, Delhi. Its website is raheja.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O – Regus Centre Saket Private Limited Saket Private Limited Rectangle – 1 D – 4, District Centre Saket Commercial Complex New Delhi – 110 017., Delhi, India – 110017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Devasya Developers 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 activities of Devasya Developers are real estate and construction. In detail, this covers real estate activities with own or leased property and buildings. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| F | Construction | F1 | Buildings |
Financials of Devasya Developers Private Limited
FY 2023 filings availableDevasya Developers Private Limited reported revenue of ₹4.34 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years. EBITDA fell 17% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.34 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹38.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
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To see the full financial statements and ratios of Devasya Developers Private Limited, buy the company report.
Board of directors of Devasya Developers Private Limited
Devasya Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indu Kaul Wattal Also directs: Uttaranchal Energy Private Limited, Primenest Developers Private Limited, Wild Life Developers Private Limited and 5 more | Director | 27 Apr 2022 | 4 Years 6 Months | Current |
| Ajay Tyagi | Additional Director | 21 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Devasya Developers Private Limited is audited by Aga rwa l & Ahluwalia for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aga rwa l & Ahluwalia | FY 2023 | 010560N |
Shareholding
The shareholding of Devasya Developers 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devasya Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2017 | 100187236 | Others | ₹35 Cr | Satisfied | |
| 18 Apr 2017 | 100101940 | Others | ₹95 Cr | Satisfied |
To see the full charge records of Devasya Developers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Devasya Developers Private Limited has 10 court cases on record: 2 filed by Devasya Developers, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 3 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Catalyst Trusteeship Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Catalyst Trusteeship Limited Th. Deesha Srikkanth | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by an individual | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by M/S Asset Developers | Disposed |
To see the full case history of Devasya Developers 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 Devasya Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devasya Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCR1302G1ZZ | Haryana | Active | 24 Mar 2023 |
| 06AADCR1302G2ZY | Haryana | Active | 13 May 2025 |
To see the full GST registrations and return filing status of Devasya Developers Private Limited, buy the company report.
Recent activity
Devasya Developers Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Ajay Tyagi was appointed as Additional Director on 21 Aug 2025.
3 earlier events are in the company report.
Frequently asked questions
Devasya Developers is an active private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 March 2004 (22+ years old) and is registered under CIN U45201DL2004PTC125229.
Devasya Developers has 2 current directors:
- Indu Kaul Wattal - Director
- Ajay Tyagi - Additional Director
The latest financial statements of Devasya Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 October 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Devasya Developers is 06AADCR1302G1ZZ, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AADCR1302G2ZY (Haryana).
The CIN (Corporate Identification Number) of Devasya Developers is U45201DL2004PTC125229. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devasya Developers has 10 court cases on record: 2 filed by the company and 8 filed against it. Most are in the district courts.
Devasya Developers was incorporated on 17 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Ajay Tyagi was appointed as Additional Director on 21 Aug 2025. Nayan Navin Raheja ceased to be Director on 21 Aug 2025. Indu Kaul Wattal was appointed as Director on 27 Apr 2022. Devasya Developers has 6 board changes on record in total.
Devasya Developers can be reached through the website raheja.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Devasya Developers is at CO – Regus Centre Saket Private Limited Saket Private Limited Rectangle – 1 D – 4, District Centre Saket Commercial Complex New Delhi – 110 017., Delhi, India – 110017.
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