Omshri Devprocon Limited
About Omshri Devprocon Limited
Data last updated:
Omshri Devprocon Limited is a public limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 June 2005.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ2005PLC046194. Its GSTIN is 24AACCD1788P2Z6 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹17.5 Cr. It was formerly known as Shridev Procon Limited and Dev Procon Limited. It is led by directors including Sanjay Hiralal Thakkar (Managing Director) and Kailash Thanmal Shah (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 6 – Dev Vatika Manipur Village: Manipur Talluka: Sanand, Ahmedabad, Gujarat, India – 382150.
As per the financials filed for FY 2021, the company reported a revenue of ₹24.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹68.16 Cr (net margin -274.4%) and EBITDA of -₹67.59 Cr (EBITDA margin -272.1%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 20% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹315.34 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
Company details
Name history
Omshri Devprocon has undergone 3 name changes throughout its history. The company was previously known as Shridev Procon Limited, Dev Procon Limited, and Dev Procon Private Limited. The current legal name is Omshri Devprocon Limited.
| Company Name | Status |
|---|---|
| Omshri Devprocon Limited | Current |
| Shridev Procon Limited | Previous |
| Dev Procon Limited | Previous |
| Dev Procon Private Limited | Previous |
CIN history
Omshri Devprocon has one previous CIN (Corporate Identification Number): U45200GJ2005PTC046194. The current CIN is U45200GJ2005PLC046194, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200GJ2005PLC046194 | Current |
| U45200GJ2005PTC046194 | Previous |
Contact details
Omshri Devprocon Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 – Dev Vatika Manipur Village: Manipur Talluka: Sanand, Ahmedabad, Gujarat, India – 382150
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Omshri Devprocon 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 Omshri Devprocon 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 Omshri Devprocon Limited, buy the company report.
Financials of Omshri Devprocon Limited
FY 2021 filings availableOmshri Devprocon Limited reported revenue of ₹24.84 Cr (up 156% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 156% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 20%. 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Total Expenses | |||||
| EBITDA | -₹67.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.16 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -272.1% | ||||
| Net Profit Margin | -274.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Omshri Devprocon Limited, buy the company report.
Board of directors of Omshri Devprocon Limited
Omshri Devprocon has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Thanmal Shah Also directs: Shah Kailash & Associates LLP, Vista Solvency LLP | Irp/Rp/Liquidator | 31 Jul 2025 | 1 Years 3 Months | As last reported |
| Laghadhirbhai Maljibhai Rabari | Director | 01 Aug 2016 | 10 Years 3 Months | As last reported |
| Sanjay Hiralal Thakkar | Managing Director | 06 Jun 2005 | 21 Years 5 Months | As last reported |
| Saiji Maljibhai Rabari | Director | 01 Aug 2016 | 10 Years 3 Months | As last reported |
Peer comparison
Omshri Devprocon Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), 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 |
|---|---|---|---|---|---|---|
| Sheela Avenues Private Limited | ₹24.94 Cr (FY 2025) | 42.0% | Secunderabad, Telangana, India | |||
| Sri Veeramathiamman Infra Developer Private Limited | ₹24.86 Cr (FY 2025) | 15.0% | Coimbatore, Tamil Nadu, India | |||
| Omshri Devprocon Limitedthis company | ₹24.84 Cr (FY 2021) | -₹68.16 Cr | -274.4% | 156.0% | Ahmedabad, Gujarat, India | |
| Amstiv Construction Private Limited | ₹24.83 Cr (FY 2024) | 88.0% | Tirunelveli, Tamil Nadu, India | |||
| Techno Infracon Private Limited | ₹24.79 Cr (FY 2021) | -9.0% | Navi Mumbai, Maharashtra, India | |||
| Rishabh Buildtech India Private Limited | ₹24.78 Cr (FY 2025) | -16.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Omshri Devprocon Limited, buy the company report.
Auditor
Omshri Devprocon Limited is audited by NAUTAM R VAKIL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAUTAM R VAKIL & CO | FY 2019 | 106980W |
Shareholding
The shareholding of Omshri Devprocon Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Omshri Devprocon Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2010 | 10251206 | Kotak Mahindra Bank Limited | ₹2.5 Cr | Open | |
| 24 Jan 2018 | 100158475 | Others | ₹14 Cr | Satisfied | |
| 10 Mar 2015 | 10559220 | Indiabulls Housing Finance Limited | ₹35.53 Cr | Satisfied | |
| 03 Apr 2012 | 10347807 | Kotak Mahindra Prime Limited | ₹75 Cr | Satisfied | |
| 16 Sep 2011 | 10306627 | Reliance Home Finance Private Limited | ₹15 Cr | Satisfied |
To see the full charge records of Omshri Devprocon Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Omshri Devprocon Limited has 6 court cases on record: 3 filed by Omshri Devprocon, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Infiniti Retail Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Omshri Devprocon 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 Omshri Devprocon Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Omshri Devprocon has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCD1788P2Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Omshri Devprocon Limited, buy the company report.
Recent activity
Omshri Devprocon Limited has 12 board changes on record since 2005: 4 appointments and 8 cessations. The latest: Kailash Thanmal Shah was appointed as Irp/Rp/Liquidator on 31 Jul 2025.
32 earlier events are in the company report.
Frequently asked questions
Omshri Devprocon is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Omshri Devprocon is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 June 2005 and is registered under CIN U45200GJ2005PLC046194. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Omshri Devprocon has 4 current directors:
- Sanjay Hiralal Thakkar - Managing Director
- Laghadhirbhai Maljibhai Rabari - Director
- Saiji Maljibhai Rabari - Director
- Kailash Thanmal Shah - Irp/Rp/Liquidator
The latest financial statements of Omshri Devprocon on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Omshri Devprocon is U45200GJ2005PLC046194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Omshri Devprocon has open charges of ₹2.5 Cr and satisfied charges of ₹315.34 Cr as per latest MCA filings.
Omshri Devprocon has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Omshri Devprocon was incorporated on 06 June 2005. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Omshri Devprocon by revenue are Sheela Avenues Private Limited, Sri Veeramathiamman Infra Developer Private Limited, Amstiv Construction Private Limited, Techno Infracon Private Limited, Rishabh Buildtech India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Kailash Thanmal Shah was appointed as Irp/Rp/Liquidator on 31 Jul 2025. Sunil Natvarbhai Patel ceased to be Director on 31 Mar 2018. Dipakkumar Ajitbhai Thakkar ceased to be Whole-Time Director on 30 Mar 2018. Omshri Devprocon has 12 board changes on record in total.
The registered office of Omshri Devprocon is at 6 – Dev Vatika Manipur Village: Manipur Talluka: Sanand, Ahmedabad, Gujarat, India – 382150.
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