About Devincy Technologies (OPC) Private Limited
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Devincy Technologies (OPC) Private Limited is a one person company based in Bengaluru, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 07 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018OPC119227. Its GSTIN is 29AAGCD9837K1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by director Avinash Shivaraj Madkatte (Member).
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.22 F3 1st Floor 14th Cross 18th Main Road Padmanabhanagar, Bengaluru, Karnataka, India – 560070.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.71 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹15.91 Lakh (net margin 9.3%) and EBITDA of ₹23.2 Lakh (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 51% over five years.
For more details, the company can be reached via its website devincy.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.22 F3 1st Floor 14th Cross 18th Main Road Padmanabhanagar, Bengaluru, Karnataka, India – 560070
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management, Business Process Outsourcing
- 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
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Business Activity of Devincy Technologies (OPC) Private Limited
The main business activity of Devincy Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Devincy Technologies (OPC) Private Limited FY 2025 filings available
Devincy Technologies (OPC) Private Limited reported revenue of ₹1.71 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devincy Technologies (OPC) Private Limited
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA rose 93% 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 Devincy Technologies (OPC) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹23.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.91 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Devincy Technologies (OPC) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Devincy Technologies are in the company report.
Financial statements from FY 2019
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 Devincy Technologies (OPC) Private Limited
Devincy Technologies (OPC) Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO, 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 |
|---|---|---|---|---|---|---|
| Parthh Human Resources Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | 145.0% | •••• | Delhi, India |
| Rinflux Solutions Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Noida, Uttar Pradesh, India |
| Claysys Business Services Private Limited | ₹1.71 Cr (FY 2024) | •••• | •••• | •••• | Kunnathunad, Kerala, India | |
| Samgo Automation Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | 150.0% | •••• | Gurgaon, Haryana, India |
| Embellish Sales India Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Devincy Technologies (OPC) Private Limited this company | ₹1.71 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Bengaluru, Karnataka, India |
| Egram IT Services Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Hyderabad, Telangana, India |
| HMW Communications Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | 109.0% | •••• | Bengaluru, Karnataka, India |
| Grizmo Labs Private Limited | ₹1.71 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| RPR Data Services Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Nagpur, Maharashtra, India |
| Cicare (OPC) Private Limited | ₹1.7 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Devincy Technologies by revenue in the Outsourcing industry (Diversified BPO, 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 Devincy Technologies (OPC) Private Limited
Devincy Technologies (OPC) Private Limited is audited by ANEESH KUMAR & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANEESH KUMAR & 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
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Board of Directors of Devincy Technologies (OPC) Private Limited
Devincy Technologies has 1 current director and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Shivaraj Madkatte | Member | 28 Mar 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Devincy Technologies (OPC) 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 Devincy Technologies (OPC) Private Limited
Devincy Technologies (OPC) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devincy Technologies (OPC) Private Limited
Employment history and EPFO contributions of people linked to Devincy Technologies.
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 Devincy Technologies (OPC) Private Limited
Devincy Technologies (OPC) Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Avinash Shivaraj Madkatte was appointed as Member on 28 Mar 2025.
Credit Ratings, Litigation & Regulatory Alerts for Devincy Technologies (OPC) 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
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MSME Payment Delays by Devincy Technologies (OPC) 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
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Subsidiaries & Group Companies of Devincy Technologies (OPC) 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
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GST Compliance of Devincy Technologies (OPC) Private Limited
Devincy Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCD9837K1ZX | Karnataka | Active | 16 Sep 2019 |
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
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MCA Filings & Documents of Devincy Technologies (OPC) 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 Devincy Technologies (OPC) Private Limited
Devincy Technologies is an active company based in Bengaluru, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 07 December 2018 (8+ years old) and is registered under CIN U74999KA2018OPC119227.
Devincy Technologies reported revenue of ₹1.71 Cr for FY 2024 (down 15% YoY).
Devincy Technologies has 1 current director:
- Avinash Shivaraj Madkatte - Member
Devincy Technologies reported a net profit of ₹15.91 Lakh (net margin 9.3%) and EBITDA of ₹23.2 Lakh (EBITDA margin 13.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devincy Technologies is -1% over three years and 51% over five years. In the latest year (FY 2024) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devincy Technologies is 29AAGCD9837K1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Devincy Technologies is U74999KA2018OPC119227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devincy Technologies was incorporated on 07 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devincy Technologies by revenue are Parthh Human Resources Private Limited, Rinflux Solutions Private Limited, Claysys Business Services Private Limited, Samgo Automation Private Limited, Embellish Sales India Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO, HR Outsourcing).
Avinash Shivaraj Madkatte was appointed as Member on 28 Mar 2025. Krishnamurthy Savithramma Krishna Veni ceased to be Director on 28 Mar 2025. Krishnamurthy Savithramma Krishna Veni was appointed as Director on 07 Dec 2018.
Devincy Technologies can be reached through the website devincy.co.in. Its registered office is in Bengaluru, Karnataka, India.