About Ushdev International Limited
Data last updated:
Ushdev International Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 18 May 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L40102MH1994PLC078468. Its GSTIN is 27AAACU1672R1ZR (Maharashtra). The company holds 6 GST registrations, of which 5 are active. It is recorded as listed by MCA, but trading in its shares on BSE (511736) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33.85 Cr. It was formerly known as Ashdev Trade and Finvest Limited. It is led by directors including Arvind Prasad (Managing Director) and Prateek Vijay Gupta.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at New Harileela House 6th Floor Mint Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.77 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹16.45 Cr (net margin -111.4%) and EBITDA of -₹9.31 Cr (EBITDA margin -63.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 43% over five years.
The company has about 13 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ushdev International. As per MCA filings, the company has open charges of ₹6,507.07 Cr and satisfied charges of ₹2,188.62 Cr on record. Court records list 278 cases involving the company, including 168 filed by the company and 111 filed against it; 50 cases are pending. The company has 28 deals on record (24 market trades, 4 funding rounds), with disclosed funding of ₹336.61 Cr; the latest was in May 2021. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is ushdev.com.
Company details
CIN history
Ushdev International has one previous CIN (Corporate Identification Number): L65990MH1994PLC078468. The current CIN is L40102MH1994PLC078468, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40102MH1994PLC078468 | Current |
| L65990MH1994PLC078468 | Previous |
Contact details
Ushdev International Limited's registered office is in Mumbai, Maharashtra. Its website is ushdev.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNew Harileela House 6th Floor Mint Road, Mumbai, Maharashtra, India – 400001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Ushdev International 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
Brands
Ushdev International operates one associated brand: Ushdev International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Metal trading, recycling, and wind farm EPC services are provided. | ushdev.com |
Business activity
The main business activity of Ushdev International is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Ushdev International Limited, buy the company report.
Financials of Ushdev International Limited
FY 2024 filings availableUshdev International Limited reported revenue of ₹14.77 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 12% fall in the latest year. EBITDA fell 260% 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 | -₹9.31 Cr | ||||
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| Net Profit (PAT) | -₹16.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.1% | ||||
| Net Profit Margin | -111.4% | ||||
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To see the full financial statements and ratios of Ushdev International Limited, buy the company report.
Board of directors of Ushdev International Limited
Ushdev International has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Vijay Gupta Also directs: Vijay Devraj Gupta Foundation, MJJ Steel Private Limited, Pragma Global Trade Limited and 5 more | Director | 18 Feb 2008 | 18 Years 8 Months | As last reported |
| Arvind Prasad Also directs: Ushdev Metals and Minerals Private Limited, Pragma Global Trade Limited, Hurricane Windfarms Private Limited and 4 more | Managing Director | 01 Dec 2012 | 13 Years 10 Months | As last reported |
| Suman Vijay Gupta | Director | 18 May 1994 | 32 Years 5 Months | As last reported |
Auditor
Ushdev International Limited is audited by Khandelwal Jain & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Jain & Co. | FY 2023 | 105049W |
Shareholding
The shareholding of Ushdev International 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 Ushdev International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2016 | 100048189 | Others | ₹200 Cr | Open | |
| 24 Jul 2015 | 10588044 | Daimler Financial Services India Private Limited | ₹40 Lakh | Open | |
| 29 Jun 2015 | 10585990 | Hdfc Bank Limited | ₹9.28 Lakh | Open | |
| 10 Apr 2015 | 10587494 | Hdfc Bank Limited | ₹39.19 Lakh | Open | |
| 10 Apr 2015 | 10587493 | Hdfc Bank Limited | ₹37.19 Lakh | Open |
To see the full charge records of Ushdev International Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Ushdev International Limited has 28 deals on record (24 market trades, 4 funding rounds), with disclosed funding of ₹336.61 Cr; the latest was in May 2021.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Market trade | ₹68.2 Lakh | Buyer: 3 individuals Seller: Pragma Global Trade Limited , 2 individuals |
| May 2018 | Market trade | ₹1.62 Cr | Buyer: D.P.Vora Securities Private Limited , an individual Seller: D.P.Vora Securities Private Limited , an individual |
| May 2018 | Market trade | ₹1.19 Cr | Buyer: D.P.Vora Securities Private Limited Seller: D.P.Vora Securities Private Limited , an individual |
| Mar 2015 | Market trade | ₹102.96 Cr | Buyer: Ud Trading Group Holding Pte Ltd Seller: Globecon Commercial Services Private Limited |
| Mar 2015 | Market trade | ₹90.8 Cr | Buyer: Ud Trading Group Holding Pte Ltd Seller: Globecon Commercial Services Private Limited |
To see the full deal history of Ushdev International 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
Ushdev International Limited has 278 court cases on record: 168 filed by Ushdev International, 111 filed against it. 50 cases are pending and 228 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 149 | 43 | 24 |
| High courts | 114 | 57 | 26 |
| NCLAT | 8 | 5 | 0 |
| Supreme Court | 5 | 5 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 278)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Mir Assets Four Private Limited | Pending |
| Madras High Court | Writ petition | Filed against the company by Mir Assets Four Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Emc Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Vikash Metal and Power Ltd and Ors U/Sec-138 N.I. Act and 5 others | Pending |
| Bombay High Court | Court case (COMSS) | Filed by the company against Duplex Industries Limited and 4 Ors. and 4 others | Pending |
To see the full case history of Ushdev International 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
Ushdev International Limited was last rated by Indiarating on 21 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 21 Oct 2020 |
To see the full credit ratings and regulatory alerts of Ushdev International Limited, buy the company report.
MSME payment delays
Ushdev International Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kalyx Infotech Private Limited |
To see the full MSME payment records of Ushdev International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ushdev International 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 |
|---|---|---|
| Vijay Devraj Gupta Foundation | U74999MH2015NPL261535 |
To see the full group structure of Ushdev International Limited, buy the company report.
Employees & EPFO
Ushdev International Limited has a workforce of 13 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ushdev International has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU1672R1ZR | Maharashtra | Active | 01 Jul 2017 |
| 29AAACU1672R1ZN | Karnataka | Active | 01 Jul 2017 |
| 33AAACU1672R1ZY | Tamil Nadu | Active | 05 Oct 2017 |
| 24AAACU1672R2ZW | Gujarat | Active | 12 Apr 2018 |
To see the full GST registrations and return filing status of Ushdev International Limited, buy the company report.
Recent activity
Ushdev International Limited has 27 board changes on record since 1994: 15 appointments and 12 cessations. The latest: Sonam Kinjal Gandhi ceased to be Company Secretary on 17 May 2023.
113 earlier events are in the company report.
News
Frequently asked questions
Ushdev International is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ushdev International is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 18 May 1994 and is registered under CIN L40102MH1994PLC078468. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ushdev International has 3 current directors:
- Arvind Prasad - Managing Director
- Prateek Vijay Gupta - Director
- Suman Vijay Gupta - Director
The latest financial statements of Ushdev International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ushdev International is L40102MH1994PLC078468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ushdev International is recorded as a listed company by MCA, but trading in its shares on BSE (511736) has been suspended, so they do not currently trade on a stock exchange.
Ushdev International has open charges of ₹6,507.07 Cr and satisfied charges of ₹2,188.62 Cr as per latest MCA filings.
Ushdev International has 278 court cases on record: 168 filed by the company and 111 filed against it. 50 are pending. Most are in the district courts.
Ushdev International was incorporated on 18 May 1994. It is registered with the Registrar of Companies, Mumbai.
Ushdev International has 28 deals on record (24 market trades, 4 funding rounds), with disclosed funding of ₹336.61 Cr; the latest was in May 2021.
Sonam Kinjal Gandhi ceased to be Company Secretary on 17 May 2023. Sonam Kinjal Gandhi was appointed as Company Secretary on 12 Jul 2022. Sucheta Sainath Mahadik ceased to be CFO on 12 Jul 2022. Ushdev International has 27 board changes on record in total.