Devi Processors Private Limited
About Devi Processors Private Limited
Data last updated:
Devi Processors Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2009PTC056162. Its GSTIN is 24AADCD0849A1Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.8 Lakh. It is led by directors including Atulbhai Patel (Whole-Time Director) and Madhukar Daulat Visave (Whole-Time Director).
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. 804/B Road No. 2 G.I.D.C Sachin, Surat, Gujarat, India – 394230.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.04 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹33.36 Lakh (net margin 0.8%) and EBITDA of ₹1.99 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.91 Cr and satisfied charges of ₹18.43 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 804/B Road No. 2 G.I.D.C Sachin, Surat, Gujarat, India – 394230
- IndustryManufacturing, Textile & Fabric Production
- 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 Devi Processors Private Limited
The main business activity of Devi Processors is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Devi Processors Private Limited FY 2025 filings available
Devi Processors Private Limited reported revenue of ₹43.04 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devi Processors Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 32% growth in the latest year. EBITDA rose 33% 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 Devi Processors 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 | ₹1.99 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33.36 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 Devi Processors Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Devi Processors 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 Devi Processors Private Limited
Devi Processors Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Genius Fabrics Private Limited | ₹43.13 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Surat, Gujarat, India |
| Swastika Suitings Private Limited | ₹43.08 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Bhilwara, Rajasthan, India |
| Pushkar Sarees Private Limited | ₹43.07 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Surat, Gujarat, India |
| Birmi Industries Private Limited | ₹43.07 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Delhi, India |
| Arrow Textiles Limited | ₹43.05 Cr (FY 2019) | •••• | •••• | 5.0% | •••• | Nashik, Maharashtra, India |
| Devi Processors Private Limited this company | ₹43.04 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Surat, Gujarat, India |
| Sri Saravanaa Exports India Private Limited | ₹42.98 Cr (FY 2022) | •••• | •••• | 110.0% | •••• | Virudhu Nagar, Tamil Nadu, India |
| Bhawani Wooltex Private Limited | ₹42.97 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bikaner, Rajasthan, India |
| Hi Fashions Industries Private Limited | ₹42.97 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Girgoan, Maharashtra, India |
| Victus Apparel Private Limited | ₹42.96 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | Tirupur, Tamil Nadu, India |
| J.J.Towels Private Limited | ₹42.93 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Solapur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Devi Processors by revenue in the Manufacturing industry (Textiles), 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 Devi Processors Private Limited
Devi Processors Private Limited is audited by HAKIM DANI & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HAKIM DANI & CO | 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 Devi Processors Private Limited
Devi Processors has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atulbhai Patel | Whole-Time Director | 30 Aug 2011 | 15 Years 1 Months | Current |
| Madhukar Daulat Visave | Whole-Time Director | 30 Aug 2011 | 15 Years 1 Months | Current |
| Mitul Mehta Also directs: Archna Dyeing and Printing Mills Private Limited, Rudraksh Synthetic Private Limited, Sachin Infra Environment Limited and 1 more | Whole-Time Director | 30 Aug 2011 | 15 Years 1 Months | Current |
Ownership and Shareholding of Devi Processors 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 Devi Processors Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2025 | Axis Bank Limited | ₹5.8 Cr | Open |
| 22 Jan 2025 | Axis Bank Limited | ₹3.54 Cr | Open |
| 25 Nov 2022 | Axis Bank Limited | ₹1.35 Cr | Open |
| 09 May 2022 | Axis Bank Limited | ₹7 Cr | Open |
| 09 May 2022 | Axis Bank Limited | ₹1.6 Cr | Open |
Total charge records: 16 View all charges
Legal Cases of Devi Processors Private Limited
Devi Processors Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Court case (TAPP-LC) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Court case (TAPP-LC) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Mr. G.P.Parmar, Regional Apprenticeship Advisor and Deputy Director -Traini | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Devi Processors Private Limited
Devi Processors Private Limited has a workforce of 46 employees as of Apr 07, 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 Devi Processors Private Limited
Devi Processors Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Hema Kiran Majmudar ceased to be Director on 14 Feb 2022.
33 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devi Processors 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 Devi Processors 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 Devi Processors 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 Devi Processors Private Limited
Devi Processors has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCD0849A1Z9 | 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.
MCA Filings & Documents of Devi Processors 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 Devi Processors Private Limited
Devi Processors is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 February 2009 (17+ years old) and is registered under CIN U17120GJ2009PTC056162.
Devi Processors reported revenue of ₹43.04 Cr for FY 2025 (up 32% YoY).
Devi Processors has 3 current directors:
- Atulbhai Patel - Whole-Time Director
- Madhukar Daulat Visave - Whole-Time Director
- Mitul Mehta - Whole-Time Director
Devi Processors reported a net profit of ₹33.36 Lakh (net margin 0.8%) and EBITDA of ₹1.99 Cr (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devi Processors is 18% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devi Processors is 24AADCD0849A1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Devi Processors is U17120GJ2009PTC056162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devi Processors has 5 court cases on record: 5 filed against it. 1 is pending.
Devi Processors was incorporated on 17 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devi Processors by revenue are Genius Fabrics Private Limited, Swastika Suitings Private Limited, Pushkar Sarees Private Limited, Birmi Industries Private Limited, Arrow Textiles Limited and 5 more, all in the Manufacturing industry (Textiles).
Hema Kiran Majmudar ceased to be Director on 14 Feb 2022. Rameshchandra Ambalal Pandya ceased to be Managing Director on 31 Mar 2021. Atulbhai Patel ceased to be Director on 10 Oct 2013. Devi Processors has 10 board changes on record in total.