Devraj Infrastructures Limited
About Devraj Infrastructures Limited
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Devraj Infrastructures Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate marketing and sales segment of the real estate and construction sector. It was incorporated on 21 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2006PLC048166. Its GSTIN is 24AACCD3567E1ZX (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Hitendrakumar Bhailalbhai Patel and Nikul Jagdishchandra Patel.
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 10A Survey. No. 113 Devraj Industrial Park Piplaj Pirana Road Piplaj, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.11 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.9 Cr (net margin 14.9%) and EBITDA of ₹6.7 Cr (EBITDA margin 25.6%). Revenue has grown at a compounded annual rate (CAGR) of 210% over three years and 75% over five years.
As per MCA filings, the company has satisfied charges of ₹16 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devraj Infrastructures Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 10A Survey. No. 113 Devraj Industrial Park Piplaj Pirana Road Piplaj, Ahmedabad, Gujarat, India – 382405
- IndustryReal Estate and Construction, Real Estate Marketing & Sales
To see the full contact details of Devraj Infrastructures 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 Devraj Infrastructures is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Devraj Infrastructures Limited, buy the company report.
Financials of Devraj Infrastructures Limited
FY 2025 filings availableDevraj Infrastructures Limited reported revenue of ₹26.11 Cr (up 1320909% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.7 Cr | ||||
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| Net Profit (PAT) | ₹3.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 14.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Devraj Infrastructures Limited, buy the company report.
Board of directors of Devraj Infrastructures Limited
Devraj Infrastructures has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitendrakumar Bhailalbhai Patel Also directs: Savaliya Buildcon LLP, Dreamland Infratech Private Limited | Director | 21 Apr 2006 | 20 Years 6 Months | Current |
| Nikul Jagdishchandra Patel | Additional Director | 30 Sep 2025 | 1 Years 1 Months | Current |
| Dev Patel | Additional Director | 30 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Devraj Infrastructures Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Infrastructure Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Him Infratech Private Limited | ₹26.49 Cr (FY 2024) | -55.0% | Chandigarh, India | |||
| Rohan Landscape Private Limited | ₹26.28 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Devraj Infrastructures Limitedthis company | ₹26.11 Cr (FY 2024) | ₹3.9 Cr | 14.9% | 1320909.0% | Ahmedabad, Gujarat, India | |
| Indospace SKCL Industrial Park Oragadam Private Limited | ₹25.61 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Devraj Infrastructures Limited, buy the company report.
Auditor
Devraj Infrastructures Limited is audited by Patel & Patel Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Patel & Patel Associates | FY 2023 | 115810W |
Shareholding
The shareholding of Devraj Infrastructures 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devraj Infrastructures Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2012 | 10421489 | The Kalupur Commercial Co-Operative Bank Limited | ₹4 Cr | Satisfied | |
| 20 Mar 2009 | 10149588 | The Kalupur Commercial Co-Operative Bank Ltd | ₹12 Cr | Satisfied |
To see the full charge records of Devraj Infrastructures Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Devraj Infrastructures Limited has 3 court cases on record: 2 filed by Devraj Infrastructures, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0318-Direct Taxes Matter : Deductions/exemptions) | Filed against the company by Chairman/Member (Industrial Park) Commissioner of Income Tax (Ita 1) New Delhi Chairman/Member (Industrial Park) Dy. Secretary (Ita-1)/Under Secretary (Ita-1), Director to Directorate to Govt. of India, Central Board of Direct Taxes (CBDT) Department of Revenue, Ministry of Finance North Block , District: New Delhi ,New Delhi , Delhi | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Chairman / Member (Industrial Park) / Commissioner of Income Tax | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Chairman / Member (Industrial Park) / Commissioner of Income Tax (Ita- | Disposed |
To see the full case history of Devraj Infrastructures 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devraj Infrastructures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devraj Infrastructures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCD3567E1ZX | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devraj Infrastructures Limited, buy the company report.
Recent activity
Devraj Infrastructures Limited has 5 board changes on record since 2006: 5 appointments. The latest: Dev Patel was appointed as Additional Director on 30 Sep 2025.
Frequently asked questions
Devraj Infrastructures is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 21 April 2006 (20+ years old) and is registered under CIN U45201GJ2006PLC048166.
Devraj Infrastructures has 3 current directors:
- Hitendrakumar Bhailalbhai Patel - Director
- Nikul Jagdishchandra Patel - Additional Director
- Dev Patel - Additional Director
The latest financial statements of Devraj Infrastructures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devraj Infrastructures is 24AACCD3567E1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Devraj Infrastructures is U45201GJ2006PLC048166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devraj Infrastructures has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Devraj Infrastructures was incorporated on 21 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Devraj Infrastructures by revenue are Him Infratech Private Limited, Rohan Landscape Private Limited, Indospace SKCL Industrial Park Oragadam Private Limited, all in the Infrastructure industry (Infrastructure Services), with the same principal business activity (buildings).
Dev Patel was appointed as Additional Director on 30 Sep 2025. Nikul Jagdishchandra Patel was appointed as Additional Director on 30 Sep 2025. Ajaybhai Haribhai Patel was appointed as Director on 21 Apr 2006. Devraj Infrastructures has 5 board changes on record in total.
The registered office of Devraj Infrastructures is at Plot No 10A Survey. No. 113 Devraj Industrial Park Piplaj Pirana Road Piplaj, Ahmedabad, Gujarat, India – 382405.
Devraj Infrastructures operates in the real estate and construction industry, in the real estate marketing and sales segment.
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