Devon Forex Private Limited
About Devon Forex Private Limited
Data last updated:
Devon Forex Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial intermediation and lending segment of the financial services sector. It was incorporated on 18 December 2018.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65990GJ2018PTC105673.
The company had an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It was led by directors Maksud Ahmed Mubarak Ali Patel and Mubarak Ali Mahmadbhai Patel.
Its last annual general meeting (AGM) was held on 28 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 208 – B Second Floor Sakar – 9 Nr.Old Reserve Bank Opp.Times Of India, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.15 Lakh, reflecting significant growth compared to the previous year.
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- Registered Address208 – B Second Floor Sakar – 9 Nr.Old Reserve Bank Opp.Times Of India, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Other Financial Intermediation
- 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 Devon Forex Private Limited
The main business activity of Devon Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Devon Forex Private Limited FY 2020 filings available
Devon Forex Private Limited reported revenue of ₹1.15 Lakh (up 271% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Devon Forex Private Limited
Revenue rose 271% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Devon Forex Private Limited
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹1.15 Lakh | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | •••• | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | •••• | •••• |
| 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 Devon Forex Private Limited
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | •••• |
| Net Profit Margin | •••• | •••• |
| 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 Devon Forex 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.
Board of Directors of Devon Forex Private Limited
Devon Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maksud Ahmed Mubarak Ali Patel Also directs: Petrosys Design Engineering Services LLP | Director | 18 Dec 2018 | 7 Years 10 Months | As last reported |
| Mubarak Ali Mahmadbhai Patel Also directs: Goldcoin Travels Private Limited | Director | 18 Dec 2018 | 7 Years 10 Months | As last reported |
Peer Comparison of Devon Forex Private Limited
Devon Forex Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nihal Realtors Private Limited | ₹1.15 Lakh (FY 2025) | •••• | •••• | -26.0% | •••• | Kolkata, West Bengal, India |
| Sri Aieshwarya Lakshmi Chit Funds Private Limited | ₹1.15 Lakh (FY 2018) | •••• | •••• | 192.0% | •••• | Madurai, Tamil Nadu, India |
| Om Srigomatha Chit Fund Private Limited | ₹1.15 Lakh (FY 2020) | •••• | •••• | -87.0% | •••• | Dindigul, Tamil Nadu, India |
| Rudrani Properties Private Limited | ₹1.15 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Kashlee Nidhi Limited | ₹1.15 Lakh (FY 2020) | •••• | •••• | •••• | Patna, Bihar, India | |
| Devon Forex Private Limited this company | ₹1.15 Lakh (FY 2020) | •••• | •••• | 271.0% | •••• | Ahmedabad, Gujarat, India |
| Local Vocal Enterprises Private Limited | ₹1.15 Lakh (FY 2022) | •••• | •••• | 82.0% | •••• | Delhi, India |
| JMD Bachat Nidhi Limited | ₹1.15 Lakh (FY 2021) | •••• | •••• | -88.0% | •••• | Bhilwara, Rajasthan, India |
| Richi Mathew Securities Limited | ₹1.14 Lakh (FY 2023) | •••• | •••• | 12.0% | •••• | Thiruvananthapuram, Kerala, India |
| Uthradam Kuries Private Limited | ₹1.14 Lakh (FY 2016) | •••• | •••• | -52.0% | •••• | Thrissur, Kerala, India |
| Gagan Credits Private Limited | ₹1.14 Lakh (FY 2024) | •••• | •••• | 13775.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Devon Forex by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Devon Forex 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 Devon Forex Private Limited
Devon Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devon Forex Private Limited
Employment history and EPFO contributions of people linked to Devon Forex.
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 Devon Forex Private Limited
Devon Forex Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Maksud Ahmed Mubarak Ali Patel was appointed as Director on 18 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for Devon Forex 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 Devon Forex 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 Devon Forex 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 Devon Forex 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 Devon Forex 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 Devon Forex Private Limited
Devon Forex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Devon Forex was a private limited company based in Ahmedabad, Gujarat, India. The company worked in other financial intermediation, within the financial services industry. It was incorporated on 18 December 2018 and is registered under CIN U65990GJ2018PTC105673. The company has been struck off by the Registrar of Companies and is no longer operational.
Devon Forex had 2 directors:
- Maksud Ahmed Mubarak Ali Patel - Director
- Mubarak Ali Mahmadbhai Patel - Director
The CIN (Corporate Identification Number) of Devon Forex is U65990GJ2018PTC105673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Devon Forex is at 208 – B Second Floor Sakar – 9 Nr.Old Reserve Bank Opp.Times Of India, Ahmedabad, Gujarat, India – 380009.
Devon Forex was incorporated on 18 December 2018. It is registered with the Registrar of Companies, Ahmedabad.
Devon Forex reported revenue of ₹1.15 Lakh for FY 2020 (up 271% YoY).
Devon Forex has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh.
Devon Forex operated in the financial services industry, in the other financial intermediation segment. It worked in this industry before it was struck off.
No. Devon Forex is not listed on any stock exchange. It is an unlisted company.
The peers of Devon Forex by revenue are Nihal Realtors Private Limited, Sri Aieshwarya Lakshmi Chit Funds Private Limited, Om Srigomatha Chit Fund Private Limited, Rudrani Properties Private Limited, Kashlee Nidhi Limited and 5 more, all in the same principal business activity (Other financial activities).