Devoline Petrochem Private Limited
About Devoline Petrochem Private Limited
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Devoline Petrochem Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 28 October 2022.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U23209MH2022PTC392741.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Priyanshu Balamrut Ramteke and Sanjay Hiraman Thaware.
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 Plot No 9 & 10 Archana Apartment Hb Town L13 Pardi Naka Bhandra Road, Nagpur, Maharashtra, India – 440008.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.15 Lakh (net margin 0.9%) and EBITDA of ₹7.29 Lakh (EBITDA margin 1.5%).
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- Registered AddressPlot No 9 & 10 Archana Apartment Hb Town L13 Pardi Naka Bhandra Road, Nagpur, Maharashtra, India – 440008
- IndustryChemicals and Materials, Petrochemicals & Derivatives
- 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 Devoline Petrochem Private Limited
The main business activity of Devoline Petrochem is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | 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 Devoline Petrochem Private Limited FY 2025 filings available
Devoline Petrochem Private Limited reported revenue of ₹4.72 Cr (up 238% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devoline Petrochem Private Limited
Revenue rose 238% in the latest year. EBITDA rose 80% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Devoline Petrochem Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹7.29 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.15 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 Devoline Petrochem Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.5% | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• |
| 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 Devoline Petrochem are in the company report.
Financial statements from FY 2023
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 Devoline Petrochem Private Limited
Devoline Petrochem Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Charu Chemicals and Technologies Private Limited | ₹4.75 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Surat, Gujarat, India |
| Sree Ma Trading Private Limited | ₹4.74 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Kolkata, West Bengal, India |
| Khurram Carpets Private Limited | ₹4.74 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Uttar Pradesh, India |
| Sky Ocean Energy Private Limited | ₹4.73 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Varanasi, Uttar Pradesh, India |
| Duramile Private Limited | ₹4.72 Cr (FY 2024) | •••• | •••• | 127.0% | •••• | Kolkata, West Bengal, India |
| Devoline Petrochem Private Limited this company | ₹4.72 Cr (FY 2025) | •••• | •••• | 238.0% | •••• | Nagpur, Maharashtra, India |
| Aman Kumar (OPC) Private Limited | ₹4.71 Cr (FY 2024) | •••• | •••• | 661.0% | •••• | Gurgaon, Haryana, India |
| Aditi Multitrade Private Limited | ₹4.71 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Nagpur, Maharashtra, India |
| Suraj Mec Bricks Private Limited | ₹4.71 Cr (FY 2023) | •••• | •••• | -32.0% | •••• | Delhi, India |
| Technu International Private Limited | ₹4.69 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | New Delhi, Delhi, India |
| Sagar Polyvin Private Limited | ₹4.69 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Zirakpur, Punjab, India |
Peers are the five companies nearest above and the five nearest below Devoline Petrochem by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Devoline Petrochem Private Limited
Devoline Petrochem has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyanshu Balamrut Ramteke | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
| Sanjay Hiraman Thaware | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
| Thaware Shekhar Hiraman | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
| Gurbir Singh Also directs: SS Majha Trans Link LLP | Director | 10 Mar 2024 | 2 Years 7 Months | Current |
Charges & Borrowings of Devoline Petrochem Private Limited
Devoline Petrochem Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devoline Petrochem Private Limited
Employment history and EPFO contributions of people linked to Devoline Petrochem.
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 Devoline Petrochem Private Limited
Devoline Petrochem Private Limited has 4 board changes on record since 2022: 4 appointments. The latest: Gurbir Singh was appointed as Director on 10 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for Devoline Petrochem 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 Devoline Petrochem 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 Devoline Petrochem 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 Devoline Petrochem Private Limited
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 Devoline Petrochem 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 Devoline Petrochem Private Limited
Devoline Petrochem is an active private limited company based in Nagpur, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 28 October 2022 (4+ years old) and is registered under CIN U23209MH2022PTC392741.
Devoline Petrochem reported revenue of ₹4.72 Cr for FY 2025 (up 238% YoY).
Devoline Petrochem has 4 current directors:
- Priyanshu Balamrut Ramteke - Director
- Sanjay Hiraman Thaware - Director
- Thaware Shekhar Hiraman - Director
- Gurbir Singh - Director
Devoline Petrochem reported a net profit of ₹4.15 Lakh (net margin 0.9%) and EBITDA of ₹7.29 Lakh (EBITDA margin 1.5%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Devoline Petrochem is U23209MH2022PTC392741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devoline Petrochem was incorporated on 28 October 2022, making it 4+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Devoline Petrochem by revenue are Charu Chemicals and Technologies Private Limited, Sree Ma Trading Private Limited, Khurram Carpets Private Limited, Sky Ocean Energy Private Limited, Duramile Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Gurbir Singh was appointed as Director on 10 Mar 2024. Priyanshu Balamrut Ramteke was appointed as Director on 28 Oct 2022. Sanjay Hiraman Thaware was appointed as Director on 28 Oct 2022. Devoline Petrochem has 4 board changes on record in total.
The registered office of Devoline Petrochem is at Plot No 9 & 10 Archana Apartment Hb Town L13 Pardi Naka Bhandra Road, Nagpur, Maharashtra, India – 440008.
Devoline Petrochem has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh.
Devoline Petrochem operates in the chemicals and materials industry, in the petrochemicals and derivatives segment.