Devam Industries Private Limited - Due diligence report

A 360° intelligence report on Devam Industries Private Limited: trust score, financial health, credit view, compliance, directors, growth an…

2022-07-05 Surat City, Gujarat Active Unlisted
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Devam Industries Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
78/100
Trust Score
Low Risk

Devam Industries Private Limited is assessed as Low Risk with a Trust Score of 78/100. Devam Industries Private Limited is an active private limited indian non-government company incorporated in 2022, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. 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 26 Jul 2026 from the latest processed filings. Devam 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
78/100
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
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
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.

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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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 1 open (10.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 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: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY KUMAR AGRAWAL 01234567 Director 01/04/2018 6 yrs Approved
Rasikbhai Parshottambhai Tejani 01234567 Director 01/04/2018 6 yrs Approved
Sudesh Chhawchharia 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN DEOKINANDAN AGRAWAL 01234567 Director 01/04/2018 6 yrs Approved
NITIN RAJKUMAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2024)
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 2025 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
-

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +2.1x over 2 year(s).
Young company (4 years).
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 10.00 cr already registered.
  • Compliance record supports lending.
Investor view63/100
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 11 events
31 Oct 2025
Director appointed
Rasikbhai Parshottambhai Tejani (Director)
30 Sep 2025
Last AGM held
Annual general meeting
20 Aug 2025
Director appointed
Sudesh Chhawchharia (Director)
17 Jun 2025
Director ceased
NITIN RAJKUMAR AGARWAL
31 Mar 2025
Latest balance sheet
Filed with ROC
06 May 2024
Director appointed
SANJAY KUMAR AGRAWAL (Director)
Director ceased
ASHOK SULTANIA
12 Jul 2023
Charge created
Others - 10.00 cr
05 Jul 2022
Incorporated
Registered with Roc Ahmedabad
Director appointed
PRAVEEN DEOKINANDAN AGRAWAL (Director)
Director appointed
NITIN RAJKUMAR AGARWAL (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 2 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 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.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Jindal Polyweaves Private Limited U17100GJ2005PTC046476 Surat City, Gujarat, India
B M Oils Private Limited U15142DL2000PTC104170 New Delhi, Delhi, India
Agriplast U01403KA2011PTC057924 Bangalore, Karnataka, India
Madan Lal Purushottam Das Foods Private Limited U15400UP2007PTC041537 Bahraich, Uttar Pradesh, India
Jay Bhawani Coal Fields Private Limited U10100GJ2007PTC051712 Surat, Gujarat, India
Eastern India Cements Private Limited U10621JH1987PTC002633 Bokaro Steel City, Jharkhand, India
Upliquor India Private Limited U15549UP2021PTC141314 Meerut, Uttar Pradesh, India
Varnita Textiles Private Limited U17100GJ2011PTC126426 Surat, Gujarat, India
12

Who Uses This Report

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

Verify Devam 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 Devam 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Devam Industries Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Devam 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 Devam Industries Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devam Industries Private Limited an active company?

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

Is Devam Industries Private Limited financially healthy?

Devam Industries Private Limited has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Devam Industries Private Limited?

Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devam Industries Private Limited?

See the directors and ownership sections above for board and shareholding detail. 5 active director(s) are on record.

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

1 open charge(s) are registered against its assets.

Is Devam 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 Devam Industries Private Limited?

Its Credit Risk Score is 30/100 (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.