India's Richest People 2026 edition · 1 director · Source: Hurun India
- #74 Madhukar Parekh & family ₹38,600 Cr
Devkalyan Sales Pvt Ltd
Devkalyan Sales Pvt Ltd - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2025
₹45.92 Cr
▲ 34% YoY
Net profit · FY 2025
₹34.08 Cr
Net margin 74.2%
EBITDA · FY 2025
₹35.5 Cr
EBITDA margin 77.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Company age
43 yrs
Est. 1983
Directors on board
4
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Devkalyan Sales Pvt Ltd
Data last updated:
Devkalyan Sales Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 November 1983 and has been in existence for over 43 years.
Its director Madhukar Parekh and family are #74 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1983PTC031301.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Mala Madhukar Parekh and Jasna Thackersey.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.92 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹34.08 Cr (net margin 74.2%) and EBITDA of ₹35.5 Cr (EBITDA margin 77.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51900MH1983PTC031301
Registration Number 031301
Incorporation Date 09 November 1983
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Key People
Mala Madhukar Parekh Director Jasna Thackersey Director Madhukar Balvantray Parekh Director Recognitions & Rankings of Devkalyan Sales
Contact details
Devkalyan Sales Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE Floor 2 Plot – 162 Mafatlal House, H.T. Parekh Marg Near Akashvani Bhavan Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Devkalyan Sales Pvt Ltd, buy the company report.
Comprehensive company report
Devkalyan Sales 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
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Financials of Devkalyan Sales Pvt Ltd
FY 2025 filings availableDevkalyan Sales Pvt Ltd reported revenue of ₹45.92 Cr (up 34% YoY) for FY 2025.
Revenue · FY 2025
₹45.92 Cr ▲ 34%
Net profit · FY 2025
₹34.08 Cr margin 74.2%
EBITDA · FY 2025
₹35.5 Cr margin 77.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 19%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 10%
5 years · compounded
▼ 3%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 34% growth in the latest year. EBITDA rose 5% 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 | ₹35.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.08 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 | 77.3% | ||||
| Net Profit Margin | 74.2% | ||||
| 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 Devkalyan Sales Pvt Ltd, buy the company report.
Board of directors of Devkalyan Sales Pvt Ltd
Devkalyan Sales has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mala Madhukar Parekh Also directs: Harton Private Limited, Trivenikalyan Trading Pvt Ltd, Parekh Marketing Ltd and 1 more | Director | 22 May 1985 | 41 Years 5 Months | Current |
| Jasna Thackersey Also directs: Harton Private Limited, Uranus Trading Private Limited, Reform Properties Private Limited and 1 more | Director | 01 Jan 1996 | 30 Years 10 Months | Current |
| Madhukar Balvantray Parekh | Director | 01 Jan 1996 | 30 Years 10 Months | Current |
| Ishita Rajiv Amersey Also directs: Harton Private Limited | Director | 01 Jan 1996 | 30 Years 10 Months | Current |
Peer comparison
Devkalyan Sales Pvt Ltd is compared with the 10 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M.B. Finmart Private Limited | ₹46.78 Cr (FY 2019) | -46.0% | New Delhi, Delhi, India | |||
| Merit Credit Corporation Limited | ₹46.5 Cr (FY 2019) | 16.0% | Ahmedabad, Gujarat, India | |||
| Cyrus Investments Private Limited | ₹46.39 Cr (FY 2023) | -32.0% | Mumbai, Maharashtra, India | |||
| Wang Investment & Finance Private Limited | ₹46.03 Cr (FY 2025) | 151.0% | New Delhi, Delhi, India | |||
| Maheshwari Investors Private Limited | ₹45.98 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Devkalyan Sales Pvt Ltdthis company | ₹45.92 Cr (FY 2025) | ₹34.08 Cr | 74.2% | 34.0% | Mumbai, Maharashtra, India | |
| Nixa Fincap Private Limited | ₹45.91 Cr (FY 2023) | -53.0% | Mumbai, Maharashtra, India | |||
| Progressive Star Finance Private Limited | ₹45.8 Cr (FY 2025) | 76.0% | Kolkata, West Bengal, India | |||
| SPG Finvest Private Limited | ₹45.73 Cr (FY 2024) | 716.0% | New Delhi, Delhi, India | |||
| Garware Holdings Limited | ₹45.62 Cr (FY 2020) | 35.0% | Pune, Maharashtra, India | |||
| Muthoot Money Limited | ₹45.56 Cr (FY 2022) | -35.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Devkalyan Sales Pvt Ltd, buy the company report.
Auditor
Devkalyan Sales Pvt Ltd is audited by KHANNA & PANCHMIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHANNA & PANCHMIA | FY 2023 | 136041W |
Shareholding
The shareholding of Devkalyan Sales 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 Devkalyan Sales Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Devkalyan Sales Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devkalyan Sales Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Devkalyan Sales Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Devkalyan Sales Pvt Ltd has 5 board changes on record since 1985: 4 appointments and 1 cessation. The latest: Balvantray Kalyanji Parekh ceased to be Director on 25 Jan 2013.
AGM
Devkalyan Sales Pvt Ltd last Annual general meeting of members was held on 02 Sep 2025 as per latest MCA records.
Filing
Devkalyan Sales Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Balvantray Kalyanji Parekh ceased to be Director.
Appointed
Ishita Rajiv Amersey was appointed as Director.
Appointed
Jasna Thackersey was appointed as Director.
Appointed
Madhukar Balvantray Parekh was appointed as Director.
Appointed
Mala Madhukar Parekh was appointed as Director.
Incorporation
09 Nov 1983
Devkalyan Sales Pvt Ltd was registered on 09 Nov 1983 with Roc Mumbai & aged 43 years 5 days as per MCA records.
Frequently asked questions
Devkalyan Sales is an active private limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 09 November 1983 (43+ years old) and is registered under CIN U51900MH1983PTC031301.
Devkalyan Sales has 4 current directors:
- Mala Madhukar Parekh - Director
- Jasna Thackersey - Director
- Madhukar Balvantray Parekh - Director
- Ishita Rajiv Amersey - Director
The latest financial statements of Devkalyan Sales on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Devkalyan Sales is U51900MH1983PTC031301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devkalyan Sales was incorporated on 09 November 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Devkalyan Sales by revenue are M.B. Finmart Private Limited, Merit Credit Corporation Limited, Cyrus Investments Private Limited, Wang Investment & Finance Private Limited, Maheshwari Investors Private Limited and 5 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies).
Balvantray Kalyanji Parekh ceased to be Director on 25 Jan 2013. Ishita Rajiv Amersey was appointed as Director on 01 Jan 1996. Jasna Thackersey was appointed as Director on 01 Jan 1996. Devkalyan Sales has 5 board changes on record in total.
The registered office of Devkalyan Sales is at E Floor 2 Plot – 162 Mafatlal House, H.T. Parekh Marg Near Akashvani Bhavan Churchgate, Mumbai, Maharashtra, India – 400020.
Devkalyan Sales operates in the financial services industry, in the nbfc segment.
The compliance status of Devkalyan Sales is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.
Devkalyan Sales can be reached at its registered office: E Floor 2 Plot – 162 Mafatlal House, H.T. Parekh Marg Near Akashvani Bhavan Churchgate, Mumbai, Maharashtra, India – 400020.
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