About Devona Constructions Limited
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Devona Constructions Limited is a public limited company based in Delhi, India, a subsidiary of Indiabulls Real Estate Limited. It operates in the engineering sector. It was incorporated on 13 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70109DL2006PLC149700. Its GSTIN is 06AABCI5408A1Z7 (Haryana). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹3,150.5 Cr and a paid-up capital of ₹1,498.33 Cr. It is led by directors including Rahul Pramod Naik (Whole-Time Director) and Jagdish.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹85.31 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹427.53 Cr and EBITDA of -₹426.63 Cr. Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 18% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹200 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 3 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,584.99 Cr; the latest was in May 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiabulls.com.
Company details
Contact details
Devona Constructions Limited's registered office is in Delhi, Delhi. Its website is indiabulls.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Devona Constructions 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 Devona Constructions is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Devona Constructions Limited, buy the company report.
Financials of Devona Constructions Limited
FY 2025 filings availableDevona Constructions Limited reported revenue of ₹85.31 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 19% fall 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹426.63 Cr | ||||
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| Net Profit (PAT) | -₹427.53 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Devona Constructions Limited, buy the company report.
Board of directors of Devona Constructions Limited
Devona Constructions has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Also directs: Bridget Estate Limited, Albasta Properties Limited, Sentia Real Estate Limited and 5 more | Director | 17 May 2023 | 3 Years 5 Months | Current |
| Meetu Mathur Also directs: Indiabulls Projects Limited, Serida Properties Limited, Angles Constructions Limited and 5 more | Director | 22 Jun 2022 | 4 Years 4 Months | Current |
| Rahul Pramod Naik Also directs: Mabon Infrastructure Limited, Catherine Builders & Developers Limited, Bridget Builders and Developers Limited and 5 more | Whole-Time Director | 17 May 2023 | 3 Years 5 Months | Current |
Auditor
Devona Constructions Limited is audited by Agarwal Prakash & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal Prakash & Co. | FY 2023 | 005975N |
Shareholding
The shareholding of Devona Constructions Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Devona Constructions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2025 | 101090324 | Idbi Trusteeship Services Limited | ₹200 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Devona Constructions Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,584.99 Cr; the latest was in May 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Debt financing | ₹86.71 Cr | Investors: Indiabulls Constructions Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: One International Center Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: One International Center Private Limited Seller: India Land and Properties Limited |
| Mar 2018 | Funding round | ₹1,048.28 Cr | Investors: One International Center Private Limited , Indiabulls Properties Private Limited |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: One International Center Private Limited Seller: Indiabulls Financial Services Limited |
To see the full deal history of Devona Constructions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devona Constructions Limited has 9 court cases on record: 2 filed by Devona Constructions, 7 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 5 | 3 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Ado (India) Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Vadan Interiors Private Ltd | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Ado India Pvt. Ltd. | Pending |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Chettinad Products and Services Privatelimited | Disposed |
| District court, New Delhi, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by M/S S and S Technocrats Pvt Ltd | Disposed |
To see the full case history of Devona Constructions 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.
Credit ratings & regulatory alerts
Devona Constructions Limited was last rated by Care on 30 Aug 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Aug 2019 |
To see the full credit ratings and regulatory alerts of Devona Constructions Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devona Constructions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devona Constructions Limited has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Devona Constructions has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI5408A1Z7 | Haryana | Active | 01 Jul 2017 |
| 08AABCI5408A1Z3 | Rajasthan | Active | 01 Jul 2017 |
| 24AABCI5408A1Z9 | Gujarat | Active | 01 Jul 2017 |
| 27AABCI5408A1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devona Constructions Limited, buy the company report.
Recent activity
Devona Constructions Limited has 20 board changes on record since 2010: 4 appointments and 16 cessations. The latest: . Jagdish ceased to be Additional Director on 25 Sep 2023.
12 earlier events are in the company report.
News
Frequently asked questions
Devona Constructions is an active public limited company based in Delhi, India. The company works in the engineering industry. It was incorporated on 13 June 2006 (20+ years old) and is registered under CIN U70109DL2006PLC149700.
Devona Constructions has 3 current directors:
- Rahul Pramod Naik - Whole-Time Director
- Jagdish - Director
- Meetu Mathur - Director
The latest financial statements of Devona Constructions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devona Constructions is 06AABCI5408A1Z7, registered in Haryana. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 08AABCI5408A1Z3 (Rajasthan), 24AABCI5408A1Z9 (Gujarat), 27AABCI5408A1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Devona Constructions is U70109DL2006PLC149700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devona Constructions has 9 court cases on record: 2 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Devona Constructions was incorporated on 13 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Devona Constructions has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹1,584.99 Cr; the latest was in May 2024.
. Jagdish ceased to be Additional Director on 25 Sep 2023. Rahul Pramod Naik ceased to be Additional Director on 25 Sep 2023. Shyam Hansraj Mariwala ceased to be Additional Director on 25 Sep 2023. Devona Constructions has 20 board changes on record in total.
Devona Constructions can be reached through the website indiabulls.com. Its registered office is in Delhi, India.