MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0001702
Devika Fibres Pvt Ltd - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹363.1 Cr
▼ 3% YoY
Net profit · FY 2025
₹15.61 Cr
Net margin 4.3%
EBITDA · FY 2025
₹32 Cr
EBITDA margin 8.8%
Authorised capital
₹4.11 Cr
Registered with MCA
Paid-up capital
₹2.14 Cr
Issued & subscribed
Open charges
₹195.49 Cr
Satisfied ₹403.14 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
15
Provident fund records
About Devika Fibres Pvt Ltd
Data last updated:
Devika Fibres Pvt Ltd 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 23 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1993PTC157205. Its GSTIN is 24AABCD5711F1Z6 (Gujarat).
The company has an authorised share capital of ₹4.11 Cr and a paid-up capital of ₹2.14 Cr. It is led by directors including Ashok Sultania and Rashmi Sultania.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹363.1 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹15.61 Cr (net margin 4.3%) and EBITDA of ₹32 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 13% over five years.
The company has about 15 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹195.49 Cr and satisfied charges of ₹403.14 Cr on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it.
Devika Fibres Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0001702). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devikafibres.com.
Company details
CIN U17119GJ1993PTC157205
Registration Number 157205
Incorporation Date 23 September 1993
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0001702
CIN history
Devika Fibres has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17119GJ1993PTC157205, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119GJ1993PTC157205 | Current |
| U17119MH1993PTC291667 | Previous |
| U17119GJ1993PTC020255 | Previous |
Recognitions & Rankings of Devika Fibres
Contact details
Devika Fibres Pvt Ltd's registered office is in Surat, Gujarat. Its website is devikafibres.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOff 407 Rajhans Complex Nr, Nirmal Hospital Ring Road, Surat, Gujarat, India – 395001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Devika Fibres Pvt Ltd, buy the company report.
Comprehensive company report
Devika Fibres Pvt Ltd - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Devika Fibres is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Devika Fibres Pvt Ltd, buy the company report.
Financials of Devika Fibres Pvt Ltd
FY 2024 filings availableDevika Fibres Pvt Ltd reported revenue of ₹363.1 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹363.1 Cr ▼ 3%
Net profit · FY 2025
₹15.61 Cr margin 4.3%
EBITDA · FY 2025
₹32 Cr margin 8.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 7%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 18%
5 years · compounded
▲ 28%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 66% 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 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 | ₹32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.61 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | 4.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Devika Fibres Pvt Ltd, buy the company report.
Board of directors of Devika Fibres Pvt Ltd
Devika Fibres has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Sultania Also directs: Durga Agro Park Private Limited, Devika Fabrics Private Limited, Ecogenius Solutions Private Limited and 1 more | Director | 03 Feb 1997 | 29 Years 8 Months | Current |
| Rashmi Sultania Also directs: Devika Industries Private Limited | Director | 04 Jul 2019 | 7 Years 3 Months | Current |
| Jayeshbhai Chunilal Bhagwakar | Director | 31 Dec 2014 | 11 Years 9 Months | Current |
Peer comparison
Devika Fibres Pvt Ltd is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Chemotex Industries Ltd | ₹368.77 Cr (FY 2025) | -1.0% | Udaipur, Rajasthan, India | |||
| Bio Spinning Private Limited | ₹366.12 Cr (FY 2025) | 576.0% | Indore, Madhya Pradesh, India | |||
| Jai Kapeesh Corporation Limited | ₹363.46 Cr (FY 2017) | 36.0% | Mumbai, Maharashtra, India | |||
| Devika Fibres Pvt Ltdthis company | ₹363.1 Cr (FY 2025) | ₹15.61 Cr | 4.3% | -3.0% | 15 | Surat, Gujarat, India |
| WFB Baird and Company India Private Limited | ₹361.66 Cr (FY 2022) | 95.0% | Ernakulam, Kerala, India | |||
| Redeco Fibers Private Limited | ₹359.17 Cr (FY 2025) | 24.0% | Neknam, Gujarat, India | |||
| Saanika Industries Private Limited | ₹358.66 Cr (FY 2025) | -8.0% | Mandvi, Gujarat, India | |||
| Sri Matha Spinning Mills Private Limited | ₹357.35 Cr (FY 2025) | -6.0% | Tiruppur, Tamil Nadu, India |
To see the full peer comparison of Devika Fibres Pvt Ltd, buy the company report.
Auditor
Devika Fibres Pvt Ltd is audited by B K CHANDAK & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K CHANDAK & CO | FY 2023 | 125390W |
Shareholding
The shareholding of Devika Fibres Pvt Ltd 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devika Fibres Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹195.49 Cr
Satisfied charges
₹403.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2025 | 101169080 | State Bank of India | ₹13.77 Lakh | Open | |
| 22 Sep 2025 | 101177193 | State Bank of India | ₹19.16 Cr | Open | |
| 31 Jan 2025 | 101043562 | Hdfc Bank Limited | ₹83.55 Lakh | Open | |
| 02 Aug 2021 | 100472896 | Others | ₹87.68 Cr | Open | |
| 30 Jul 2021 | 100473310 | Others | ₹87.68 Cr | Open |
To see the full charge records of Devika Fibres Pvt Ltd, buy the company report.
Total charge records: 28 View all charges
Legal cases
Devika Fibres Pvt Ltd has 12 court cases on record: 11 filed by Devika Fibres, 1 filed against it. All cases are disposed.
Total cases
12
Filed by the company
11
Filed against the company
1
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 0 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0320-Direct Taxes Matter : Re-assessment/Revisional Power/Rectification) | Filed against the company by The Assistant Commissioner of Income Tax | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Assistant Commissioner of Income Tax Circle 1( and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Devika Fibres Pvt Ltd, 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.
Credit ratings & regulatory alerts
Devika Fibres Pvt Ltd was last rated by Crisil on 12 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Jun 2020 |
To see the full credit ratings and regulatory alerts of Devika Fibres Pvt Ltd, buy the company report.
MSME payment delays
Devika Fibres Pvt Ltd has 4 MSME Form 1 returns on record between 2019 and 2023, listing 21 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alidhra Electronics Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Devika Fibres Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Devika Fibres has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Devika Industries Private Limited | U24304GJ2021PTC120010 |
To see the full group structure of Devika Fibres Pvt Ltd, buy the company report.
Employees & EPFO
Devika Fibres Pvt Ltd has a workforce of 15 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
-21.05%
GST
Devika Fibres has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD5711F1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devika Fibres Pvt Ltd, buy the company report.
Recent activity
Devika Fibres Pvt Ltd has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Gopal Sultania ceased to be Director on 04 Jul 2019.
Charges
A charge with State Bank Of India amounted to Rs. 0.14 Cr with Charge ID 101169080 was registered on 22 Sep 2025.
Charges
A charge with State Bank Of India amounted to Rs. 19.16 Cr with Charge ID 101177193 was registered on 22 Sep 2025.
Charges
A charge with Others of Rs. 87.68 Cr registered on 02 Aug 2021 with Charge ID 100472896 was modified on 04 Apr 2025.
Charges
A charge with Others of Rs. 87.68 Cr registered on 30 Jul 2021 with Charge ID 100473310 was modified on 04 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.84 Cr with Charge ID 101043562 was registered on 31 Jan 2025.
AGM
Devika Fibres Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Devika Fibres Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 12 Oct 2022 via Charge ID 100641363 with State Bank Of India was fully satisfied on 24 Aug 2023.
Charges
A charge registered on 16 Jun 2020 via Charge ID 100352362 with Others was fully satisfied on 24 Aug 2023.
Charges
A charge registered on 16 Jun 2020 via Charge ID 100352363 with Others was fully satisfied on 24 Aug 2023.
Charges
A charge registered on 24 Jul 2014 via Charge ID 10522840 with Others was fully satisfied on 24 Aug 2023.
Charges
A charge registered on 16 Jun 2007 via Charge ID 10061822 with Others was fully satisfied on 24 Aug 2023.
59 earlier events are in the company report.
Frequently asked questions
Devika Fibres 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 23 September 1993 (33+ years old) and is registered under CIN U17119GJ1993PTC157205.
Devika Fibres has 3 current directors:
- Ashok Sultania - Director
- Rashmi Sultania - Director
- Jayeshbhai Chunilal Bhagwakar - Director
The latest financial statements of Devika Fibres on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Devika Fibres is 24AABCD5711F1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Devika Fibres is U17119GJ1993PTC157205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devika Fibres has 12 court cases on record: 11 filed by the company and 1 filed against it. Most are in the district courts.
Devika Fibres was incorporated on 23 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devika Fibres by revenue are Reliance Chemotex Industries Ltd, Bio Spinning Private Limited, Jai Kapeesh Corporation Limited, WFB Baird and Company India Private Limited, Redeco Fibers Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Gopal Sultania ceased to be Director on 04 Jul 2019. Rashmi Sultania was appointed as Director on 04 Jul 2019. Jayeshbhai Chunilal Bhagwakar was appointed as Director on 31 Dec 2014. Devika Fibres has 6 board changes on record in total.
Yes, Devika Fibres is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0001702).
Devika Fibres has 4 MSME Form 1 returns on record between 2019 and 2023, listing 21 overdue payments to 12 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Devika Fibres can be reached through the website devikafibres.com. Its registered office is in Surat, Gujarat, India.