MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0020952
Vee Kay Shah Devcon Private Limited
Vee Kay Shah Devcon Private Limited - financial services in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.61 Cr
▲ 100% YoY
Net profit · FY 2025
₹1.57 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹1.69 Cr
EBITDA margin 46.9%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹13.64 Cr
Satisfied ₹10.04 Cr
Company age
14 yrs
Est. 2012
Directors on board
4
As per MCA filings
About Vee Kay Shah Devcon Private Limited
Data last updated:
Vee Kay Shah Devcon Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 13 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U70101MP2012PTC027952. Its GSTIN is 23AADCV9702G1ZF (Madhya Pradesh).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashok Mavji Soni and Nikhil Soni.
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 Lg 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.61 Cr, a growth of 100% compared to the previous year. For the same year it recorded a net profit of ₹1.57 Lakh (net margin 0.4%) and EBITDA of ₹1.69 Cr (EBITDA margin 46.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹13.64 Cr and satisfied charges of ₹10.04 Cr on record.
Vee Kay Shah Devcon Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0020952). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U70101MP2012PTC027952
Registration Number 027952
Incorporation Date 13 March 2012
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0020952
Recognitions & Rankings of Vee Kay Shah Devcon
Contact details
Vee Kay Shah Devcon Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressLg 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Vee Kay Shah Devcon Private Limited, buy the company report.
Comprehensive company report
Vee Kay Shah Devcon Private Limited - one report that includes everything
- 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
The main business activity of Vee Kay Shah Devcon is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Vee Kay Shah Devcon Private Limited, buy the company report.
Financials of Vee Kay Shah Devcon Private Limited
FY 2025 filings availableVee Kay Shah Devcon Private Limited reported revenue of ₹3.61 Cr (up 100% YoY) for FY 2025.
Revenue · FY 2025
₹3.61 Cr ▲ 100%
Net profit · FY 2025
₹1.57 Lakh margin 0.4%
EBITDA · FY 2025
₹1.69 Cr margin 46.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 33%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 36%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 100% growth in the latest year. EBITDA fell 3% 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 | ₹1.69 Cr | ||||
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| Net Profit (PAT) | ₹1.57 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 46.9% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Vee Kay Shah Devcon Private Limited, buy the company report.
Board of directors of Vee Kay Shah Devcon Private Limited
Vee Kay Shah Devcon has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Mavji Soni | Director | 15 Mar 2013 | 13 Years 7 Months | Current |
| Nikhil Soni | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Bharat Shah Also directs: Pragati Vatika Private Limited, Shikhar Nests Private Limited | Director | 13 Mar 2012 | 14 Years 7 Months | Current |
| Laxmichand Shah Also directs: Runway Realty LLP, Rahela Real Estates Private Limited | Director | 13 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Vee Kay Shah Devcon Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PSP Hi-Tech Services Private Limited | ₹3.62 Cr (FY 2023) | 18.0% | Mumbai, Maharashtra, India | |||
| JKVB Properties Pvt. Ltd. | ₹3.61 Cr (FY 2024) | 15.0% | New Delhi, Delhi, India | |||
| Vee Kay Shah Devcon Private Limitedthis company | ₹3.61 Cr (FY 2025) | ₹1.57 Lakh | 0.4% | 100.0% | Indore, Madhya Pradesh, India | |
| Consolidated Leathers Private Limited | ₹3.61 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Drom Workshala Private Limited | ₹3.61 Cr (FY 2025) | 5.0% | Uttar Pradesh, India | |||
| Destination Vinimay Private Limited | ₹3.61 Cr (FY 2025) | 0.0% | Howrah, West Bengal, India |
To see the full peer comparison of Vee Kay Shah Devcon Private Limited, buy the company report.
Auditor
Vee Kay Shah Devcon Private Limited is audited by Husain Shabbir & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Husain Shabbir & Co. | FY 2017 | 06601C |
Shareholding
The shareholding of Vee Kay Shah Devcon 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 Vee Kay Shah Devcon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.64 Cr
Satisfied charges
₹10.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2021 | 100472719 | Axis Bank Limited | ₹13.64 Cr | Open | |
| 18 Sep 2019 | 100294318 | Hdfc Bank Limited | ₹9.51 Cr | Satisfied | |
| 17 Aug 2019 | 100287025 | Others | ₹53.89 Lakh | Satisfied |
To see the full charge records of Vee Kay Shah Devcon Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Vee Kay Shah Devcon Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vee Kay Shah Devcon Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vee Kay Shah Devcon has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Vee Kay Shah Devcon has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCV9702G1ZF | Madhya Pradesh | Active | 05 Jun 2018 |
To see the full GST registrations and return filing status of Vee Kay Shah Devcon Private Limited, buy the company report.
Recent activity
Vee Kay Shah Devcon Private Limited has 8 board changes on record since 2012: 4 appointments and 4 cessations. The latest: Velbai Shah ceased to be Director on 12 Feb 2021.
AGM
Vee Kay Shah Devcon Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vee Kay Shah Devcon Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge registered on 17 Aug 2019 via Charge ID 100287025 with Others was fully satisfied on 09 Nov 2024.
Charges
A charge with Axis Bank Limited of Rs. 1,364.00 Lakh registered on 24 Feb 2021 with Charge ID 100472719 was modified on 08 Aug 2022.
Charges
A charge registered on 18 Sep 2019 via Charge ID 100294318 with Hdfc Bank Limited was fully satisfied on 10 May 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,364.00 Lakh with Charge ID 100472719 was registered on 24 Feb 2021.
Ceased
Velbai Shah ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 950.50 Lakh registered on 18 Sep 2019 with Charge ID 100294318 was modified on 29 Oct 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 950.50 Lakh with Charge ID 100294318 was registered on 18 Sep 2019.
Charges
A charge with Others amounted to Rs. 53.89 Lakh with Charge ID 100287025 was registered on 17 Aug 2019.
Ceased
Ajeeta Shah ceased to be Additional Director.
Ceased
Nikhil Soni ceased to be Additional Director.
6 earlier events are in the company report.
Frequently asked questions
Vee Kay Shah Devcon is an active private limited company based in Indore, Madhya Pradesh, India. The company works in real estate financing, within the financial services industry. It was incorporated on 13 March 2012 (14+ years old) and is registered under CIN U70101MP2012PTC027952.
Vee Kay Shah Devcon has 4 current directors:
- Ashok Mavji Soni - Director
- Nikhil Soni - Director
- Bharat Shah - Director
- Laxmichand Shah - Director
The latest financial statements of Vee Kay Shah Devcon on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vee Kay Shah Devcon is 23AADCV9702G1ZF, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Vee Kay Shah Devcon is U70101MP2012PTC027952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vee Kay Shah Devcon was incorporated on 13 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Vee Kay Shah Devcon by revenue are PSP Hi-Tech Services Private Limited, JKVB Properties Pvt. Ltd, Consolidated Leathers Private Limited, Drom Workshala Private Limited, Destination Vinimay Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Velbai Shah ceased to be Director on 12 Feb 2021. Ajeeta Shah ceased to be Additional Director on 30 Sep 2015. Nikhil Soni ceased to be Additional Director on 30 Sep 2015. Vee Kay Shah Devcon has 8 board changes on record in total.
Yes, Vee Kay Shah Devcon is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0020952).
The registered office of Vee Kay Shah Devcon is at Lg 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001.
Vee Kay Shah Devcon operates in the financial services industry, in the real estate financing segment.