Dev Packaging Industries Private Limited - Due diligence report

A 360° intelligence report on Dev Packaging Industries Private Limited: trust score, financial health, credit view, compliance, directors, g…

2021-03-10 Ramanagar Taluk Bangalore, Karnataka Active Unlisted
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Dev Packaging Industries Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Dev Packaging Industries Private Limited is assessed as Low Risk with a Trust Score of 83/100. Dev Packaging Industries Private Limited is an active private limited indian non-government company incorporated in 2021, operating in the Manufacturing sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 25 Jun 2026 from the latest processed filings. Dev Packaging Industries Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 4 open (23.20 cr) · 2 satisfied (3.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Sidbi4 48.0 cr
Hdfc Bank Limited1 48.0 cr
Canara Bank1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VARSHA CHHAJER 01234567 Director 01/04/2018 6 yrs Approved
ASHOK KUMAR CHHAJER 01234567 Director 01/04/2018 6 yrs Approved
SANTOSH KUMAR CHHAJER 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 75
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 23.20 cr already registered.
  • Compliance record supports lending.
Investor view64/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Sep 2024
Charge created
Hdfc Bank Limited - 4.90 cr
Charge satisfied
Sidbi
19 Mar 2024
Charge satisfied
Canara Bank
07 Mar 2023
Charge created
Sidbi - 2.00 cr
13 Feb 2023
Charge created
Sidbi - 3.30 cr
17 Feb 2022
Charge created
Sidbi - 2.40 cr
19 Jul 2021
Charge created
Sidbi - 12.60 cr
21 Jun 2021
Securities allotted
1400000 Equity Shares - 1.40 cr raised
01 May 2021
Securities allotted
1028908 Equity Shares - 1.03 cr raised
08 Apr 2021
Securities allotted
2450000 Equity Shares - 2.45 cr raised
06 Apr 2021
Charge created
Canara Bank - 1.50 cr
10 Mar 2021
Incorporated
Registered with Roc Bangalore
Director appointed
VARSHA CHHAJER (Director)
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Eureka Poly Products Private Limited U25190DL1993PTC052302 Delhi, Delhi, India
Shreeswastik Plastic Industries Private Limited U74999JK2016PTC009782 Jammu, Jammu & Kashmir, India
Jbl Saks Private Limited U21014MH2001PTC132029 Thane, Maharashtra, India
Balaji Sales Corporation Private Limited U74999DL2014PTC268611 Delhi, Delhi, India
Sajo Polytek Private Limited U24134KL2012PTC031251 Angamaly, Kerala, India
Crox Oil & Gas Private Limited U25517MH2009PTC197607 Nagpur, Maharashtra, India
Brilliant Sanitaryware Private Limited U26993GJ2013PTC076431 Rangpar, Gujarat, India
Nandana Electric And Energy Solutions Private Limited U28999DL2020PTC368852 Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Dev Packaging Industries Private Limited before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Dev Packaging Industries Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Dev Packaging Industries Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Dev Packaging Industries Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Dev Packaging Industries Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Dev Packaging Industries Private Limited an active company?

Dev Packaging Industries Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Dev Packaging Industries Private Limited financially healthy?

Dev Packaging Industries Private Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Dev Packaging Industries Private Limited?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Dev Packaging Industries Private Limited?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Dev Packaging Industries Private Limited have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Dev Packaging Industries Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Dev Packaging Industries Private Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.