About Devrishi Papers Private Limited
Data last updated:
Devrishi Papers Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 17 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U21012DL2004PTC128395. Its GSTIN is 05AADCM9808J1Z8 (Uttarakhand).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.9 Cr. It was formerly known as Munnaji Paper Mill Private Limited. It is led by directors including Sachin Agarwal and Amit Agarwal.
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 – 31 – C – 5 Basement Internal Road Vasant Kunj Near Dps School, New Delhi, Delhi, India – 110070.
As per the financials filed for FY 2025, the company reported a revenue of ₹234.2 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.62 Cr (net margin 1.5%) and EBITDA of ₹8.77 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹47.1 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹14.04 Cr; the latest was in March 2023. Its 10 peer companies in the Manufacturing industry (Paper) are compared by revenue, 5 larger and 5 smaller; the largest is Paper Packaging Private Limited with revenue of ₹238.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devrishipapers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No – 31 – C – 5 Basement Internal Road Vasant Kunj Near Dps School, New Delhi, Delhi, India – 110070
- IndustryManufacturing, Paper & Packaging Products
- 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 Devrishi Papers Private Limited
The main business activity of Devrishi Papers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | 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 Devrishi Papers Private Limited FY 2025 filings available
Devrishi Papers Private Limited reported revenue of ₹234.2 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devrishi Papers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 11% growth in the latest year. EBITDA rose 17% 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 Devrishi Papers 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.62 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Devrishi Papers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 Devrishi Papers 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.
Peer Comparison of Devrishi Papers Private Limited
Devrishi Papers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paper Packaging Private Limited | ₹238.55 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Kalyani Craft Paper Mills Private Limited | ₹237.7 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Timaliyawad, Surat, Gujarat, India |
| Suyash Chemical and Fertilizer Private Limited | ₹237.36 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Uttar Pradesh, India |
| S.R. International Paper Mills Private Limited | ₹237.13 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Bizpur, West Bengal, India |
| Shah Pulp and Paper Mills Limited | ₹236.65 Cr (FY 2018) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Devrishi Papers Private Limited this company | ₹234.2 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Godavari Pulp and Paper Mills Private Limited | ₹233.64 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Modern International Private Limited | ₹233.18 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Delhi, India |
| Modern Paper Mart Private Limited | ₹232.8 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Delhi, India |
| Ramaa Shyama Papers and Energy Private Limited | ₹227.43 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Uttar Pradesh, India |
| Shripaper Product (Indore) Private Limited | ₹220.24 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Devrishi Papers by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devrishi Papers Private Limited
Devrishi Papers Private Limited is audited by ACG & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ACG & 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 Devrishi Papers Private Limited
Devrishi Papers has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Agarwal Also directs: Lipi Sales Private Limited, Dev Rishi Habitat Real Estate Private Limited, Wave Mines Private Limited and 1 more | Director | 28 Jun 2010 | 16 Years 3 Months | Current |
| Amit Agarwal | Director | 28 May 2010 | 16 Years 4 Months | Current |
| Rishi Agarwal Kumar | Director | 28 Jun 2010 | 16 Years 3 Months | Current |
| Nitin Agarwal | Director | 28 Jun 2010 | 16 Years 3 Months | Current |
Ownership and Shareholding of Devrishi Papers 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 Devrishi Papers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 2019 | Hdfc Bank Limited | ₹40 Cr | Open |
| 30 Aug 2016 | Others | ₹30 Cr | Satisfied |
| 15 Apr 2009 | Canara Bank | ₹4.5 Cr | Satisfied |
| 04 Oct 2006 | Punjab National Bank | ₹5.5 Cr | Satisfied |
| 04 Oct 2006 | Punjab National Bank | ₹3.1 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Devrishi Papers Private Limited
Devrishi Papers Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹14.04 Cr; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Nitin Agarwal HUF, Sachin Agarwal HUF, an individual Seller: Goraya Straw Board Mills Private Limited |
| Mar 2012 | Funding round | ₹3.5 Cr | Investors: Lipi Sales Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Doon Udyog Private Limited |
| May 2010 | Funding round | ₹56.6 Lakh | Investors: Doon Udyog Private Limited , Goraya Straw Board Mills Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Doon Udyog Private Limited Seller: 4 individuals |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Devrishi Papers Private Limited
Devrishi Papers Private Limited has 5 court cases on record: 5 filed by Devrishi Papers. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Udham Singh Nagar, Uttarakhand | Court case (Original Civil Suits) | Filed by the company against an individual | Disposed |
| District court, Udham Singh Nagar, Uttarakhand | Criminal case | Filed by the company against an individual | Disposed |
| High Court of Uttarakhand | Court case (WPMS) | Filed by the company against State of Uttarakhand | Disposed |
| District court, Udham Singh Nagar, Uttarakhand | Criminal case | Filed by the company against an individual | Disposed |
| District court, Udham Singh Nagar, Uttarakhand | Criminal case | Filed by the company against an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Devrishi Papers Private Limited
Devrishi Papers Private Limited has a workforce of 46 employees as of Apr 09, 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.
Recent Activity on Devrishi Papers Private Limited
Devrishi Papers Private Limited has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Meera Agarwal ceased to be Additional Director on 30 Sep 2014.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devrishi Papers 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 Devrishi Papers 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 Devrishi Papers 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 Devrishi Papers Private Limited
Devrishi Papers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AADCM9808J1Z8 | Uttarakhand | Active | 01 Jul 2017 |
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 Devrishi Papers 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 Devrishi Papers Private Limited
Devrishi Papers is an active private limited company based in New Delhi, Delhi, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 17 August 2004 (22+ years old) and is registered under CIN U21012DL2004PTC128395.
Devrishi Papers reported revenue of ₹234.2 Cr for FY 2025 (up 11% YoY).
Devrishi Papers has 4 current directors:
- Sachin Agarwal - Director
- Amit Agarwal - Director
- Rishi Agarwal Kumar - Director
- Nitin Agarwal - Director
Devrishi Papers reported a net profit of ₹3.62 Cr (net margin 1.5%) and EBITDA of ₹8.77 Cr (EBITDA margin 3.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devrishi Papers is -6% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devrishi Papers is 05AADCM9808J1Z8, registered in Uttarakhand.
The CIN (Corporate Identification Number) of Devrishi Papers is U21012DL2004PTC128395. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devrishi Papers has 5 court cases on record: 5 filed by the company. Most are in the district courts.
Devrishi Papers was incorporated on 17 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Devrishi Papers has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹14.04 Cr; the latest was in March 2023.
The peers of Devrishi Papers by revenue are Paper Packaging Private Limited, Kalyani Craft Paper Mills Private Limited, Suyash Chemical and Fertilizer Private Limited, S.R. International Paper Mills Private Limited, Shah Pulp and Paper Mills Limited and 5 more, all in the Manufacturing industry (Paper).