About Devon Software Services Private Limited
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Devon Software Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Devon India Nl B.V.. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 19 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC103603. Its GSTIN is 29AABCI4064L1ZA (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.78 Lakh. It was formerly known as Isense India Software Laboratories Private Limited and Prowareness Software Services Private Limited. It is led by directors including Rahul Sah and Vikram Kapoor.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.34 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹13.32 Cr (net margin 10.6%) and EBITDA of ₹17.09 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 15% over five years.
The company has about 352 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devon.global.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressLower Ground Floor 2A West Tower Embassy Tech Vil Outer Ring Road Devarabisanahalli Vart, Hur Hobli, Bangalore, Karnataka, India – 560087
- IndustryInformation Technology, Software Development & Support Services
- 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
Name History of Devon Software Services Private Limited
Devon Software Services has undergone 3 name changes throughout its history. The company was previously known as Isense India Software Laboratories Private Limited, Prowareness Software Services Private Limited, and Devon Software Services Private Limited. The current legal name is Devon Software Services Private Limited.
| Company Name | Status |
|---|---|
| Devon Software Services Private Limited | Current |
| Isense India Software Laboratories Private Limited | Previous |
| Prowareness Software Services Private Limited | Previous |
CIN History of Devon Software Services Private Limited
Devon Software Services has one previous CIN (Corporate Identification Number): U72200DL2005PTC138863. The current CIN is U72200KA2005PTC103603, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2005PTC103603 | Current |
| U72200DL2005PTC138863 | Previous |
Business Activity of Devon Software Services Private Limited
The main business activity of Devon Software Services is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc. and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
| J | Information and communication | J8 | Other information & communication service 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.
Auditor Details of Devon Software Services Private Limited
Devon Software Services Private Limited is audited by Amit Bhasin & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Amit Bhasin & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Devon Software Services Private Limited
Devon Software Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Sah Also directs: Agile Cockpit Software Development Private Limited | Director | 16 Oct 2014 | 11 Years 11 Months | Current |
| Vikram Kapoor Also directs: Agile Cockpit Software Development Private Limited | Director | 19 Jul 2005 | 21 Years 2 Months | Current |
| Marco Steffan Krouwel Also directs: Agile Cockpit Software Development Private Limited | Additional Director | 12 Aug 2025 | 1 Years 1 Months | Current |
Financials of Devon Software Services Private Limited FY 2024 filings available
Devon Software Services Private Limited reported revenue of ₹125.34 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devon Software Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 4% growth in the latest year. EBITDA fell 10% 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 of Devon Software Services Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹17.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.32 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Devon Software Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Software Services are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Devon Software Services 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 Software Services Private Limited
Devon Software Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devon Software Services Private Limited
Devon Software Services Private Limited has a workforce of 352 employees as of Apr 02, 2024.
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.
GST Compliance of Devon Software Services Private Limited
Devon Software Services has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI4064L1ZA | Karnataka | Active | 01 Jul 2017 |
| 29AABCI4064L2Z9 | Karnataka | Active | 19 Sep 2017 |
| 06AABCI4064L1ZI | Haryana | Active | 07 Aug 2021 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Devon Software Services 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 Software Services 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 Software Services 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.
MCA Filings & Documents of Devon Software Services 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.
Recent Activity on Devon Software Services Private Limited
Recent News on Devon Software Services Private Limited
Frequently Asked Questions about Devon Software Services Private Limited
Devon Software Services is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 19 July 2005 (21+ years old) and is registered under CIN U72200KA2005PTC103603.
Devon Software Services reported revenue of ₹125.34 Cr for FY 2025 (up 4% YoY).
Devon Software Services has 3 current directors:
- Rahul Sah - Director
- Vikram Kapoor - Director
- Marco Steffan Krouwel - Additional Director
Devon Software Services reported a net profit of ₹13.32 Cr (net margin 10.6%) and EBITDA of ₹17.09 Cr (EBITDA margin 13.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devon Software Services is 21% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devon Software Services is 29AABCI4064L1ZA, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AABCI4064L2Z9 (Karnataka), 06AABCI4064L1ZI (Haryana).
The CIN (Corporate Identification Number) of Devon Software Services is U72200KA2005PTC103603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devon Software Services was incorporated on 19 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Devon Software Services can be reached through the website devon.global. Its registered office is in Bangalore, Karnataka, India.