About Devika Industries Private Limited
Data last updated:
Devika Industries 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 05 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2021PTC120010. Its GSTIN is 24AAICD2953Q1Z6 (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Ashok Sultania (Managing Director) and Rashmi Sultania.
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 4 Floor 405 To 408 Rajhans Complex Nr Nirmal Hospital Ring Road Sargrampura, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.94 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹19.97 Lakh (net margin 0.5%) and EBITDA of ₹3.88 Cr (EBITDA margin 8.8%).
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.55 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
For more details, the company can be reached via its website devika.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address4 Floor 405 To 408 Rajhans Complex Nr Nirmal Hospital Ring Road Sargrampura, Surat, Gujarat, India – 395001
- 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 Devika Industries Private Limited
The main business activity of Devika Industries 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 Devika Industries Private Limited FY 2025 filings available
Devika Industries Private Limited reported revenue of ₹43.94 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devika Industries Private Limited
Revenue fell 32% in the latest year. EBITDA fell 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Devika Industries 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 | ₹3.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.97 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 Devika Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Devika Industries are in the company report.
Financial statements from FY 2021
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 Devika Industries Private Limited
Devika Industries 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 |
|---|---|---|---|---|---|---|
| Ramana Textiles Private Limited | ₹44.08 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Mallanginar, Tamil Nadu, India |
| Rathi Cottex Private Limited. | ₹44.05 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Gurgaon, Haryana, India |
| Mouji Silk Mills Private Limited | ₹44.03 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Himker Knits India Private Limited | ₹44.03 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ludhiana, Punjab, India |
| Cottex Spinners Coimbatore Private Limited | ₹43.98 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Coimbatore, Tamil Nadu, India |
| Devika Industries Private Limited this company | ₹43.94 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Surat, Gujarat, India |
| Shivram Synthetics Private Limited | ₹43.93 Cr (FY 2021) | •••• | •••• | -14.0% | •••• | Bhilwara, Rajasthan, India |
| Ronak Dyeing Limited | ₹43.87 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Mahaveer Yarns Private Limited | ₹43.86 Cr (FY 2023) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Shiv Fibretex International Private Limited | ₹43.85 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Delhi, India |
| S.R.S.Syntex Limited | ₹43.85 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Bhilwara, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Devika Industries 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 Devika Industries Private Limited
Devika Industries Private Limited is audited by BK CHANDAK & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BK CHANDAK & 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 Devika Industries Private Limited
Devika Industries has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Sultania Also directs: Durga Agro Park Private Limited, Devika Fibres Pvt Ltd, Devika Fabrics Private Limited and 1 more | Managing Director | 05 Feb 2021 | 5 Years 8 Months | Current |
| Rashmi Sultania Also directs: Devika Fibres Pvt Ltd | Director | 05 Feb 2021 | 5 Years 8 Months | Current |
Ownership and Shareholding of Devika Industries 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 Devika Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Oct 2022 | State Bank of India | ₹23.55 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Devika Industries Private Limited
Devika Industries Private Limited has 1 court case on record: 1 filed by Devika Industries. All case is disposed. Status as checked on 28 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 1 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 Devika Industries Private Limited
Devika Industries Private Limited has a workforce of 3 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 Devika Industries Private Limited
Devika Industries Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Ashok Sultania was appointed as Managing Director on 05 Feb 2021.
Credit Ratings, Litigation & Regulatory Alerts for Devika Industries 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 Devika Industries 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 Devika Industries 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 Devika Industries Private Limited
Devika Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICD2953Q1Z6 | Gujarat | Active | 15 Feb 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 Devika Industries 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 Devika Industries Private Limited
Devika Industries 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 05 February 2021 (5+ years old) and is registered under CIN U24304GJ2021PTC120010.
Devika Industries reported revenue of ₹43.94 Cr for FY 2025 (down 32% YoY).
Devika Industries has 2 current directors:
- Ashok Sultania - Managing Director
- Rashmi Sultania - Director
Devika Industries reported a net profit of ₹19.97 Lakh (net margin 0.5%) and EBITDA of ₹3.88 Cr (EBITDA margin 8.8%) for FY 2025, as per its filed financial statements.
The GSTIN of Devika Industries is 24AAICD2953Q1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Devika Industries is U24304GJ2021PTC120010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devika Industries has 1 court case on record: 1 filed by the company.
Devika Industries was incorporated on 05 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devika Industries by revenue are Ramana Textiles Private Limited, Rathi Cottex Private Limited, Mouji Silk Mills Private Limited, Himker Knits India Private Limited, Cottex Spinners Coimbatore Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Ashok Sultania was appointed as Managing Director on 05 Feb 2021. Rashmi Sultania was appointed as Director on 05 Feb 2021.
Devika Industries can be reached through the website devika.co.in. Its registered office is in Surat, Gujarat, India.