Devish Oil Industries Private Limited
About Devish Oil Industries Private Limited
Data last updated:
Devish Oil Industries Private Limited is a private limited company based in Jalgaon, Maharashtra, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 26 February 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15100MH1987PTC042703. Its GSTIN is 27AAACD6257F1ZQ (Maharashtra).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹24 Lakh. It is led by directors Ravindra Bhagwandas Jagwani and Harish Bhagwandas Jagwani.
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 New MIDC Area Plot No B – 11, Jalgaon, Maharashtra, India – 425003.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.96 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹21.5 Lakh (net margin 0.6%) and EBITDA of ₹49.18 Lakh (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 19% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.4 Cr and satisfied charges of ₹1.34 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devish Oil Industries Private Limited's registered office is in Jalgaon, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew MIDC Area Plot No B – 11, Jalgaon, Maharashtra, India – 425003
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Devish Oil Industries Private Limited, buy the company report.
- 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
Business activity
The main business activity of Devish Oil Industries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Devish Oil Industries Private Limited, buy the company report.
Financials of Devish Oil Industries Private Limited
FY 2025 filings availableDevish Oil Industries Private Limited reported revenue of ₹34.96 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 36% growth 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 | ₹49.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.5 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Devish Oil Industries Private Limited, buy the company report.
Board of directors of Devish Oil Industries Private Limited
Devish Oil Industries has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Bhagwandas Jagwani Also directs: Inaya Heritage Private Limited | Director | 29 Sep 1998 | 28 Years 0 Months | Current |
| Harish Bhagwandas Jagwani Also directs: Dugri Buildcon LLP, Jagwani Group of Industries Private Limited | Director | 29 Sep 1998 | 28 Years 0 Months | Current |
Peer comparison
Devish Oil Industries Private Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bansal Oil Mill Ltd. | ₹36.06 Cr (FY 2025) | -14.0% | Vki Area, Jaipur, Rajasthan, India | |||
| Devish Oil Industries Private Limitedthis company | ₹34.96 Cr (FY 2025) | ₹21.5 Lakh | 0.6% | 36.0% | 6 | Jalgaon, Maharashtra, India |
| Laxminath Jee Agro Private Limited | ₹34.81 Cr (FY 2024) | 12.0% | Ghaziabad, Uttar Pradesh, India | |||
| S.V.M. Oil Mills Private Limited | ₹34.37 Cr (FY 2023) | 39.0% | Bharatpur, Rajasthan, India |
To see the full peer comparison of Devish Oil Industries Private Limited, buy the company report.
Auditor
Devish Oil Industries Private Limited is audited by Dhiraj Tharwani & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhiraj Tharwani & Co. | FY 2016 |
Shareholding
The shareholding of Devish Oil Industries Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Devish Oil Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2020 | 100392282 | State Bank of India | ₹2.4 Cr | Open | |
| 10 Jun 2002 | 90225205 | Industrial Development Bank of India | ₹1.2 Cr | Satisfied | |
| 22 Feb 1989 | 90224046 | The United Western Bank | ₹14 Lakh | Satisfied |
To see the full charge records of Devish Oil Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Devish Oil Industries Private Limited has 4 court cases on record: 1 filed by Devish Oil Industries, 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 3 |
| District courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Appeal | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Appeal | Filed against the company by individuals | Pending |
| Bombay High Court | Appeal | Filed against the company | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Devish Oil Industries Private Limited, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devish Oil Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devish Oil Industries Private Limited has a workforce of 6 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Devish Oil Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD6257F1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devish Oil Industries Private Limited, buy the company report.
Recent activity
Devish Oil Industries Private Limited has 2 board changes on record since 1998: 2 appointments. The latest: Harish Bhagwandas Jagwani was appointed as Director on 29 Sep 1998.
1 earlier event is in the company report.
Frequently asked questions
Devish Oil Industries is an active private limited company based in Jalgaon, Maharashtra, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 26 February 1987 (39+ years old) and is registered under CIN U15100MH1987PTC042703.
Devish Oil Industries has 2 current directors:
- Ravindra Bhagwandas Jagwani - Director
- Harish Bhagwandas Jagwani - Director
The latest financial statements of Devish Oil Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devish Oil Industries is 27AAACD6257F1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Devish Oil Industries is U15100MH1987PTC042703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devish Oil Industries has 4 court cases on record: 1 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.
Devish Oil Industries was incorporated on 26 February 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Devish Oil Industries by revenue are Bansal Oil Mill Ltd, Laxminath Jee Agro Private Limited, S.V.M. Oil Mills Private Limited, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Harish Bhagwandas Jagwani was appointed as Director on 29 Sep 1998. Ravindra Bhagwandas Jagwani was appointed as Director on 29 Sep 1998.
The registered office of Devish Oil Industries is at New MIDC Area Plot No B – 11, Jalgaon, Maharashtra, India – 425003.
Devish Oil Industries operates in the food and beverages industry, in the edible oils and cooking fats segment.