Devesh Associates Private Limited
About Devesh Associates Private Limited
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Devesh Associates Private Limited is a private limited company based in Guwahati, Assam, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 03 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U45201AS2007PTC008316. Its GSTIN is 18AACCD5302P1ZI (Assam).
The company has an authorised share capital of ₹31 Lakh and a paid-up capital of ₹30.1 Lakh. It is led by directors including Manish Agarwal and Devesh Agarwal.
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 House No.09 Basudev Path Fatasil Ambari, Guwahati, Assam, India – 781025.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.89 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹4.94 Lakh (net margin 1.7%) and EBITDA of ₹7.7 Lakh (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressHouse No.09 Basudev Path Fatasil Ambari, Guwahati, Assam, India – 781025
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Devesh Associates Private Limited
The main business activities of Devesh Associates are support service to organizations and trade. In detail, this covers other support services to organizations and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
| G | Trade | G1 | Wholesale Trading | 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 Devesh Associates Private Limited FY 2025 filings available
Devesh Associates Private Limited reported revenue of ₹2.89 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devesh Associates Private Limited
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 8% 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 Devesh Associates 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 | ₹7.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.94 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 Devesh Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Devesh Associates 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.
Board of Directors of Devesh Associates Private Limited
Devesh Associates has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Agarwal | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Devesh Agarwal | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Preeti Agarwal | Director | 17 Nov 2017 | 8 Years 11 Months | Current |
Peer Comparison of Devesh Associates Private Limited
Devesh Associates Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S-Convecranes Private Limited | ₹2.89 Cr (FY 2019) | •••• | •••• | -11.0% | •••• | Bhopal, Madhya Pradesh, India |
| Itech Consult Recruitment Private Limited | ₹2.89 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Hyderabad, Telangana, India |
| Erpmark Systems India Private Limited | ₹2.89 Cr (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Pramison Services (OPC) Private Limited | ₹2.89 Cr (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Akshar Technology Solutions Private Limited | ₹2.89 Cr (FY 2024) | •••• | •••• | 67.0% | •••• | Vadodara, Gujarat, India |
| Devesh Associates Private Limited this company | ₹2.89 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Guwahati, Assam, India |
| KKK HR Solutions Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
| Snowbell Facility Services Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | New Delhi, Delhi, India |
| Secured Facilitator Services Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Chandigarh, India |
| Resource Care Services Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Faridabad, Haryana, India |
| Easy Lane Management Private Limited | ₹2.87 Cr (FY 2024) | •••• | •••• | 121.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Devesh Associates by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devesh Associates Private Limited
Devesh Associates Private Limited is audited by H K AGRAWALA & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H K AGRAWALA & 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.
Ownership and Shareholding of Devesh Associates 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 Devesh Associates Private Limited
Devesh Associates Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devesh Associates Private Limited
Devesh Associates Private Limited has a workforce of 19 employees as of Apr 04, 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.
Recent Activity on Devesh Associates Private Limited
Devesh Associates Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Devesh Agarwal was appointed as Director on 01 Nov 2022.
Credit Ratings, Litigation & Regulatory Alerts for Devesh Associates 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 Devesh Associates 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 Devesh Associates 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 Devesh Associates Private Limited
Devesh Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AACCD5302P1ZI | Assam | Active | 17 Aug 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 Devesh Associates 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 Devesh Associates Private Limited
Devesh Associates is an active private limited company based in Guwahati, Assam, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 03 February 2007 (19+ years old) and is registered under CIN U45201AS2007PTC008316.
Devesh Associates reported revenue of ₹2.89 Cr for FY 2025 (down 14% YoY).
Devesh Associates has 3 current directors:
- Manish Agarwal - Director
- Devesh Agarwal - Director
- Preeti Agarwal - Director
Devesh Associates reported a net profit of ₹4.94 Lakh (net margin 1.7%) and EBITDA of ₹7.7 Lakh (EBITDA margin 2.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devesh Associates is 11% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devesh Associates is 18AACCD5302P1ZI, registered in Assam.
The CIN (Corporate Identification Number) of Devesh Associates is U45201AS2007PTC008316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devesh Associates was incorporated on 03 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Guwahati.
The peers of Devesh Associates by revenue are S-Convecranes Private Limited, Itech Consult Recruitment Private Limited, Erpmark Systems India Private Limited, Pramison Services (OPC) Private Limited, Akshar Technology Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Devesh Agarwal was appointed as Director on 01 Nov 2022. Preeti Agarwal was appointed as Director on 17 Nov 2017. Sarita Agarwal ceased to be Director on 17 Nov 2017. Devesh Associates has 5 board changes on record in total.
The registered office of Devesh Associates is at House No.09 Basudev Path Fatasil Ambari, Guwahati, Assam, India – 781025.