Devesh Solutions Private Limited
About Devesh Solutions Private Limited
Data last updated:
Devesh Solutions Private Limited is a private limited company based in Bhubaneswar, Orissa, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 17 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U24319OR2009PTC011044. Its GSTIN is 21AADCD2776Q1ZC (Odisha).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Bhuban Mohan Das (Managing Director) and Manoj Kumar Panda.
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 Plot No:221/3837 & 222/3838 (1st Floor) Nandan Vihar Near Northern Heights Po: Kiit Cam, Pus Patia, Bhubaneswar, Orissa, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.6 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹14.59 Lakh (net margin -9.1%) and EBITDA of -₹9.1 Lakh (EBITDA margin -5.7%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 39% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressPlot No:221/3837 & 222/3838 (1st Floor) Nandan Vihar Near Northern Heights Po: Kiit Cam, Pus Patia, Bhubaneswar, Orissa, India – 751024
- IndustryInformation Technology, Computer Programming, Consultancy
- 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 Solutions Private Limited
The main business activity of Devesh Solutions is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail 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 Solutions Private Limited FY 2025 filings available
Devesh Solutions Private Limited reported revenue of ₹1.6 Cr (down 68% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devesh Solutions Private Limited
Revenue fell 68% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 212% 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 Solutions 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹9.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.59 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Devesh Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -9.1% | •••• | •••• | •••• | •••• |
| 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 Solutions 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 Devesh Solutions Private Limited
Devesh Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Website Design and Maintenance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ashtbit Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Web Media Tricks Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Ecommerce.Com India Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Tekonika Systems Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Nityam Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Devesh Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| San Digisoft Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Cuelogic Technologies Private Limited | •••• | •••• | •••• | •••• | 64 | Haveli, Maharashtra, India |
| Offbeat Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Rajpura, Punjab, India |
| Webslaw India Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Hosting World Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Devesh Solutions by revenue in the Information Technology industry (Website Design and Maintenance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Devesh Solutions Private Limited
Devesh Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Panda Also directs: Sama Lifestyle Private Limited | Director | 28 Jan 2022 | 4 Years 8 Months | Current |
| Sarat Chandra Tripathy Also directs: Devesh Logistics Private Limited, Sama Lifestyle Private Limited | Director | 05 Nov 2021 | 4 Years 11 Months | Current |
| Bhuban Mohan Das Also directs: Devesh Logistics Private Limited | Managing Director | 17 Aug 2009 | 17 Years 1 Months | Current |
Charges & Borrowings of Devesh Solutions Private Limited
Devesh Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devesh Solutions Private Limited
Employment history and EPFO contributions of people linked to Devesh Solutions.
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.
CIN History of Devesh Solutions Private Limited
Devesh Solutions has one previous CIN (Corporate Identification Number): U72200OR2009PTC011044. The current CIN is U24319OR2009PTC011044, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24319OR2009PTC011044 | Current |
| U72200OR2009PTC011044 | Previous |
Recent Activity on Devesh Solutions Private Limited
Devesh Solutions Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Manoj Kumar Panda was appointed as Director on 28 Jan 2022.
Credit Ratings, Litigation & Regulatory Alerts for Devesh Solutions 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 Solutions 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 Solutions 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 Solutions Private Limited
Devesh Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCD2776Q1ZC | Odisha | Active | 22 Jan 2021 |
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 Solutions 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 Solutions Private Limited
Devesh Solutions is an active private limited company based in Bhubaneswar, Orissa, India. The company works in computer programming, within the information technology industry. It was incorporated on 17 August 2009 (17+ years old) and is registered under CIN U24319OR2009PTC011044.
Devesh Solutions reported revenue of ₹1.6 Cr for FY 2025 (down 68% YoY).
Devesh Solutions has 3 current directors:
- Bhuban Mohan Das - Managing Director
- Manoj Kumar Panda - Director
- Sarat Chandra Tripathy - Director
Devesh Solutions reported a net loss of ₹14.59 Lakh (net margin -9.1%) and EBITDA of -₹9.1 Lakh (EBITDA margin -5.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devesh Solutions is 41% over three years and 39% over five years. In the latest year (FY 2025) revenue fell 68%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devesh Solutions is 21AADCD2776Q1ZC, registered in Odisha.
The CIN (Corporate Identification Number) of Devesh Solutions is U24319OR2009PTC011044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devesh Solutions was incorporated on 17 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Devesh Solutions by revenue are Ashtbit Technologies Private Limited, Web Media Tricks Private Limited, Ecommerce.Com India Private Limited, Tekonika Systems Private Limited, Nityam Software Solutions Private Limited and 5 more, all in the Information Technology industry (Website Design and Maintenance).
Manoj Kumar Panda was appointed as Director on 28 Jan 2022. Rajkumari Das ceased to be Director on 05 Nov 2021. Sarat Chandra Tripathy was appointed as Director on 05 Nov 2021. Devesh Solutions has 4 board changes on record in total.
The registered office of Devesh Solutions is at Plot No:2213837 & 2223838 1st Floor Nandan Vihar Near Northern Heights Po: Kiit Cam, Pus Patia, Bhubaneswar, Orissa, India – 751024.