About Devvrat Developers Private Limited
Data last updated:
Devvrat Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1995PTC088764. Its GSTIN is 27AAACC1827E1Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹9.31 Cr. It was formerly known as Devvrat Developers Limited and Columbus Capital Management Limited. It is led by directors including Rakesh Indermal Agarwal and Rajiv Sanwarmal Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101 1st Floor Dol Bin Shir Janmabhoomi Marg Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹91.94 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹13.9 Cr (net margin 15.1%) and EBITDA of ₹22.48 Cr (EBITDA margin 24.4%). Revenue has grown at a compounded annual rate (CAGR) of 125% over three years and 855% over five years.
Its group structure includes 1 subsidiary.
Court records list 70 cases involving the company, including 13 filed by the company and 57 filed against it; 45 cases are pending. The company has 13 deals on record (11 secondary share transfers, 2 funding rounds), with disclosed funding of ₹360.76 Cr; the latest was in May 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devvratdevelopers.com.
Company details
Name history
Devvrat Developers has undergone 2 name changes throughout its history. The company was previously known as Devvrat Developers Limited, and Columbus Capital Management Limited. The current legal name is Devvrat Developers Private Limited.
| Company Name | Status |
|---|---|
| Devvrat Developers Private Limited | Current |
| Devvrat Developers Limited | Previous |
| Columbus Capital Management Limited | Previous |
CIN history
Devvrat Developers has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70100MH1995PTC088764, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1995PTC088764 | Current |
| L65990MH1995PLC088764 | Previous |
| U70100MH1995PLC088764 | Previous |
| U65990MH1995PLC088764 | Previous |
Contact details
Devvrat Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is devvratdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 1st Floor Dol Bin Shir Janmabhoomi Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Devvrat Developers Private 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 Devvrat Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Devvrat Developers Private Limited, buy the company report.
Financials of Devvrat Developers Private Limited
FY 2024 filings availableDevvrat Developers Private Limited reported revenue of ₹91.94 Cr (up 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 855% over five years, including 96% growth in the latest year. EBITDA rose 54% 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 |
|---|---|---|---|---|---|
| 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 | ₹22.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.9 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.4% | ||||
| Net Profit Margin | 15.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Devvrat Developers Private Limited, buy the company report.
Board of directors of Devvrat Developers Private Limited
Devvrat Developers has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Indermal Agarwal Also directs: Sunbeach Realty LLP, Griffith Real Estate Private Limited, Panama Infraprojects Private Limited and 5 more | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Rajiv Sanwarmal Agarwal | Director | 06 Mar 2019 | 7 Years 7 Months | Current |
| Rajesh Indermal Agarwal Also directs: Alpenrose Realtech LLP, Panama Infraprojects Private Limited, Leading Hotels Limited and 5 more | Director | 05 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Devvrat Developers Private Limited is audited by SHAMBHU GUPTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAMBHU GUPTA & CO. | FY 2023 | 007234C |
Shareholding
The shareholding of Devvrat Developers Private 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 Devvrat Developers Private Limited, buy the company report.
Deals & funding
Devvrat Developers Private Limited has 13 deals on record (11 secondary share transfers, 2 funding rounds), with disclosed funding of ₹360.76 Cr; the latest was in May 2022.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round | ₹30.01 Cr | Investors: Teesta Retail Private Limited |
| Dec 2020 | Funding round | ₹330.75 Cr | Investors: Teesta Retail Private Limited |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Rakesh Agarwal HUF, Panama Infraprojects Private Limited , 2 individuals Seller: Jaliyan Trading & Marketing Private Limited, 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Jaliyan Trading & Marketing Private Limited, 3 individuals Seller: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Devvrat Developers Private 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
Devvrat Developers Private Limited has 70 court cases on record: 13 filed by Devvrat Developers, 57 filed against it. 45 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 61 | 53 | 42 |
| NCLT | 6 | 2 | 1 |
| High courts | 2 | 2 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against Exclusive Capital Limited & Anr | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Exclusive Capital Limited & Anr and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Exclusive Capital Limited & Anr | Pending |
| NCLT, Indore | Insolvency matter | Filed by the company against Mr. Sanjay Kumar Singh RP of JSM Devcons Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Devvrat Developers Private 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 Devvrat Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Devvrat Developers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Devvrat Buildtech Private Limited | U74999MH2018PTC310028 |
To see the full group structure of Devvrat Developers Private Limited, buy the company report.
GST
Devvrat Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC1827E1Z3 | Maharashtra | Active | 20 Aug 2021 |
To see the full GST registrations and return filing status of Devvrat Developers Private Limited, buy the company report.
Recent activity
Devvrat Developers Private Limited has 15 board changes on record since 2010: 3 appointments and 12 cessations. The latest: Rajesh Indermal Agarwal ceased to be Additional Director on 29 Sep 2025.
6 earlier events are in the company report.
Frequently asked questions
Devvrat Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 May 1995 (31+ years old) and is registered under CIN U70100MH1995PTC088764.
Devvrat Developers has 3 current directors:
- Rakesh Indermal Agarwal - Director
- Rajiv Sanwarmal Agarwal - Director
- Rajesh Indermal Agarwal - Director
The latest financial statements of Devvrat Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Devvrat Developers is 27AAACC1827E1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Devvrat Developers is U70100MH1995PTC088764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devvrat Developers has 70 court cases on record: 13 filed by the company and 57 filed against it. 45 are pending. Most are in the nclat.
Devvrat Developers was incorporated on 25 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Devvrat Developers has 13 deals on record (11 secondary share transfers, 2 funding rounds), with disclosed funding of ₹360.76 Cr; the latest was in May 2022.
Rajesh Indermal Agarwal ceased to be Additional Director on 29 Sep 2025. Rajesh Indermal Agarwal was appointed as Director on 05 Nov 2024. Rakesh Indermal Agarwal ceased to be Additional Director on 29 Sep 2024. Devvrat Developers has 15 board changes on record in total.
Devvrat Developers can be reached through the website devvratdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.