Devon Software Services Private Limited - Company Profile

It is a information technology private limited company based in Bangalore, Karnataka, India, established in 2005.

2005 Bangalore, Karnataka, India Active

Last Updated: December 21, 2025

About Devon Software Services Private Limited

Devon Software Services Private Limited, a active private limited company, was established on 19 July 2005 in Bangalore, Karnataka, India. Engaging in software development & support services within the information and communication sector, it holds CIN: U72200KA2005PTC103603. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.48 M.

Formerly known as Isense India Software Laboratories Private Limited, Prowareness Software Services Private Limited. It upholds a compliant status. Employing 352 professional, Its leadership includes Rahul Sah (Director), Vikram Kapoor (Director), Marco Steffan Krouwel (Additional Director). Past directors included Jennifer Sonke, Rahul Sah, Johannes Eizema. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Lower Ground Floor,2A West Tower, Embassy Tech Vil Outer Ring Road, Devarabisanahalli, Vart, Hur Hobli, Bangalore, Karnataka, 560087.

Company Details

CIN/LLPIN
U72200KA2005PTC103603
Registration Number
103603
Incorporation Date
19 July 2005
Authorized Capital
₹0.50 M
Paid-Up Capital
₹0.48 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 0.50 M as on 21-12-2025
Paid Up Capital ₹ 0.48 M as on 21-12-2025
Company Age 20 Year, 9 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 59.17% (FY 2023)
Profit Growth **** 89.49% (FY 2023)
Ebitda **** 81.19% (FY 2023)
Net Worth -7.98% (FY 2023)
Total Assets -4.08% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Devon Software Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Devon Software Services Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rahul Sah	Director	16 Oct 2014	Current
Vikram Kapoor	Director	19 Jul 2005	Current
Marco Steffan Krouwel	Additional Director	12 Aug 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2011	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Director	06 Jan 2012	Past

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Financial Performance of Devon Software Services.

Devon Software Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 59.17% increase. The company also saw a substantial improvement in profitability, with a 89.49% increase in profit. The company's net worth dipped by a decrease of 7.98%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

59.17%

*******

Revenue from Operations

*******

59.17%

*******

Total Assets

*******

-4.08%

*******

Profit or Loss

*******

89.49%

*******

Net Worth

*******

-7.98%

*******

EBITDA

*******

81.19%

*******

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What is the Ownership and Shareholding Structure of Devon Software Services?

In 2023, Devon Software Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Devon Software Services?

Devon Software Services has a workforce of 352 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Devon Software Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Devon Software Services's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Devon Software Services

Recent Activity within the Organization

Director Appointment

Progress on Marco Steffan Krouwel was appointed as a Additional Director was appointed as a Additional Director on 12 Aug 2025 & has been associated with this company since 8 months 15 days . was documented.
12 Aug 2025
Annual General Meeting

Devon Software Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Balance Sheet

The activity Devon Software Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was completed.
31 Mar 2024
Director Appointment

Rahul Sah was appointed as a Director was appointed as a Director on 16 Oct 2014 & has been associated with this company since 11 years 6 months . was recorded as a recent event.
16 Oct 2014
Director Appointment

The activity Vikram Kapoor was appointed as a Director was appointed as a Director on 19 Jul 2005 & has been associated with this company since 20 years 9 months . was completed.
19 Jul 2005
Company Incorporation

Devon Software Services Private Limited was registered on 19 Jul 2005 with Roc Bangalore & aged 20 years 9 months as per MCA records. was recorded as a recent event.
19 Jul 2005

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