About Devtech M2m Limited
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Devtech M2m Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Vistra Itcl (India) Limited. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 08 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2008PLC156152. Its GSTIN is 27AADCB4376Q1Z2 (Maharashtra).
The company has an authorised share capital of ₹5.3 Cr and a paid-up capital of ₹1.06 Cr. It was formerly known as Ved Energy Limited and Ved Energy Private Limited. It is led by directors including Renu Prashant Anjanikar and Vishal Ramchandra Jadhav.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Sava House 4th Floor Off New Airport Road Viman Nagar, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.6 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹18.17 Lakh (net margin 7%) and EBITDA of ₹33.76 Lakh (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Devtech M2M.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devtechm2m.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressSava House 4th Floor Off New Airport Road Viman Nagar, Pune, Maharashtra, India – 411014
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
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Business Activity of Devtech M2m Limited
The main business activity of Devtech M2m is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Devtech M2m Limited FY 2023 filings available
Devtech M2m Limited reported revenue of ₹2.6 Cr (up 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Devtech M2m Limited
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA rose 113% 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 Devtech M2m Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.6 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹33.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.17 Lakh | •••• | •••• | •••• | •••• |
| 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 Devtech M2m Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 Devtech M2m 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 Devtech M2m Limited
Devtech M2m Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tefon Appliances (India) Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Leo Integrated Technologies Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Colencon Engineers Pvt Ltd | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Basic India Lighting Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Thermica India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Devtech M2m Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Indus Aryan Exports Private Limited | •••• | •••• | •••• | •••• | - | Chennai City Corporation, Tamil Nadu, India |
| Sunanshul Technologies Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Atvantic Electronics Private Limited | •••• | •••• | •••• | •••• | - | Solapur, Maharashtra, India |
| Adage Analytics Solutions Private Limited | •••• | •••• | •••• | •••• | - | Salcete, Goa, India |
| Mega Energy Solutions Private Limited | •••• | •••• | •••• | •••• | 10 | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Devtech M2m by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Devtech M2m Limited
Devtech M2m Limited is audited by A A MODAK AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A A MODAK AND ASSOCIATES | 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 Devtech M2m Limited
Devtech M2m has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renu Prashant Anjanikar Also directs: Sava Medica Limited | Director | 17 Oct 2014 | 11 Years 11 Months | Current |
| Vishal Ramchandra Jadhav | Director | 17 Oct 2014 | 11 Years 11 Months | Current |
| Vinod Ramchandra Jadhav | Director | 10 Oct 2018 | 7 Years 11 Months | Current |
Ownership and Shareholding of Devtech M2m 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 Devtech M2m Limited
Devtech M2m Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Devtech M2m Limited
Devtech M2m operates one associated brand: Devtech M2M. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers monitoring and control solutions for smart street lighting systems. | devtechm2m.com |
Employees and EPFO Compliance at Devtech M2m Limited
Devtech M2m Limited has a workforce of 11 employees as of Apr 01, 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.
Name History of Devtech M2m Limited
Devtech M2m has undergone 3 name changes throughout its history. The company was previously known as Ved Energy Limited, Ved Energy Private Limited, and Brain & Iris Technologies Private Limited. The current legal name is Devtech M2M Limited.
| Company Name | Status |
|---|---|
| Devtech M2m Limited | Current |
| Ved Energy Limited | Previous |
| Ved Energy Private Limited | Previous |
| Brain & Iris Technologies Private Limited | Previous |
CIN History of Devtech M2m Limited
Devtech M2m has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900PN2008PLC156152, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN2008PLC156152 | Current |
| U72900MH2008PLC179860 | Previous |
| U72900MH2008PTC179860 | Previous |
Recent Activity on Devtech M2m Limited
Devtech M2m Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Suvarna Vinod Jadhav ceased to be Director on 29 Jul 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devtech M2m 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 Devtech M2m 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 Devtech M2m 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 Devtech M2m Limited
Devtech M2m has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB4376Q1Z2 | Maharashtra | 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 Devtech M2m 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 Devtech M2m Limited
Devtech M2m is an active public limited company based in Pune, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 08 March 2008 (18+ years old) and is registered under CIN U72900PN2008PLC156152.
Devtech M2m reported revenue of ₹2.6 Cr for FY 2023 (up 6% YoY).
Devtech M2m has 3 current directors:
- Renu Prashant Anjanikar - Director
- Vishal Ramchandra Jadhav - Director
- Vinod Ramchandra Jadhav - Director
Devtech M2m reported a net profit of ₹18.17 Lakh (net margin 7%) and EBITDA of ₹33.76 Lakh (EBITDA margin 13%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devtech M2m is -15% over three years and -14% over five years. In the latest year (FY 2023) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devtech M2m is 27AADCB4376Q1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Devtech M2m is U72900PN2008PLC156152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devtech M2m was incorporated on 08 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Devtech M2m by revenue are Tefon Appliances (India) Private Limited, Leo Integrated Technologies Private Limited, Colencon Engineers Pvt Ltd, Basic India Lighting Private Limited, Thermica India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Suvarna Vinod Jadhav ceased to be Director on 29 Jul 2022. Shanta Ramcahndra Jadhav ceased to be Director on 14 Jul 2020. Vinod Ramchandra Jadhav ceased to be Additional Director on 30 Sep 2019. Devtech M2m has 10 board changes on record in total.
Devtech M2m can be reached through the website devtechm2m.com. Its registered office is in Pune, Maharashtra, India.