Devkant Synthetics (India) Private Limited
About Devkant Synthetics (India) Private Limited
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Devkant Synthetics (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1992PTC066029.
The company has an authorised share capital of ₹46 Lakh and a paid-up capital of ₹44.7 Lakh. It is led by directors Milind Nagoji Gorivale and Yash Ramratan Kanoongo.
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 708 Raheja Centre 7th Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹22.23 Lakh (net margin 21.8%) and EBITDA of ₹22.23 Lakh (EBITDA margin 21.8%). Revenue has grown at a compounded annual rate (CAGR) of 663% over three years and 124% over five years.
As per MCA filings, the company has open charges of ₹5.03 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devkant Synthetics (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address708 Raheja Centre 7th Floor Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Devkant Synthetics (India) 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 Devkant Synthetics (India) is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Devkant Synthetics (India) Private Limited, buy the company report.
Financials of Devkant Synthetics (India) Private Limited
FY 2025 filings availableDevkant Synthetics (India) Private Limited reported revenue of ₹1.02 Cr (up 51410% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 124% over five years. 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 |
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| EBITDA | ₹22.23 Lakh | ||||
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| Net Profit (PAT) | ₹22.23 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 21.8% | ||||
| Net Profit Margin | 21.8% | ||||
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To see the full financial statements and ratios of Devkant Synthetics (India) Private Limited, buy the company report.
Board of directors of Devkant Synthetics (India) Private Limited
Devkant Synthetics (India) has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Ramratan Kanoongo Also directs: Olympia Securities Limited, Headway Capital Advisors Limited, Jitkari Synfab Private Limited and 2 more | Additional Director | 09 Apr 2025 | 1 Years 6 Months | Current |
| Milind Nagoji Gorivale Also directs: Olympia Securities Limited, Olympia Capitals Limited | Director | 10 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Devkant Synthetics (India) Private Limited is audited by SUNIL VANKAWALA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL VANKAWALA & ASSOCIATES | FY 2020 | 110616W |
Shareholding
The shareholding of Devkant Synthetics (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Devkant Synthetics (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2014 | 10549912 | Finquest Financial Solutions Private Limited | ₹5 Cr | Open | |
| 23 Nov 1994 | 90375712 | State Bank of India | ₹3 Lakh | Open |
To see the full charge records of Devkant Synthetics (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Devkant Synthetics (India) Private Limited has 3 court cases on record: 1 filed by Devkant Synthetics (India), 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Additional/Joint/Deputy/Assistant Commissioner of Income Tax Officer (Nfac) and 3 Ors. and 3 others | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-3 | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-3 | Disposed |
To see the full case history of Devkant Synthetics (India) 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 Devkant Synthetics (India) Private Limited; 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 Devkant Synthetics (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Devkant Synthetics (India) Private Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Milind Nagoji Gorivale was appointed as Director on 10 Apr 2025.
2 earlier events are in the company report.
Frequently asked questions
Devkant Synthetics (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 23 March 1992 (34+ years old) and is registered under CIN U65910MH1992PTC066029.
Devkant Synthetics (India) has 2 current directors:
- Yash Ramratan Kanoongo - Additional Director
- Milind Nagoji Gorivale - Director
The latest financial statements of Devkant Synthetics (India) 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 CIN (Corporate Identification Number) of Devkant Synthetics (India) is U65910MH1992PTC066029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devkant Synthetics (India) has 3 court cases on record: 1 filed by the company and 2 filed against it.
Devkant Synthetics (India) was incorporated on 23 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Milind Nagoji Gorivale was appointed as Director on 10 Apr 2025. Yash Ramratan Kanoongo was appointed as Additional Director on 09 Apr 2025. Shubham Kanoongo ceased to be Additional Director on 30 Sep 2019. Devkant Synthetics (India) has 8 board changes on record in total.
The registered office of Devkant Synthetics (India) is at 708 Raheja Centre 7th Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
Devkant Synthetics (India) operates in the financial services industry, in the brokerage and trading services segment.
Devkant Synthetics (India) has open charges of ₹5.03 Cr and no satisfied charges on record as per latest MCA filings.