Devon Innovations Private Limited - Due diligence report

A 360° intelligence report on Devoncath: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

1991-02-25 Bangalore South, Karnataka Active Unlisted Active Compliant
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Devoncath — 360° Intelligence Report

Generated from MCA filings & public records
69/100
Trust Score
Moderate

Devoncath is assessed as Moderate with a Trust Score of 69/100. Devoncath is an active private limited indian non-government company incorporated in 1991, operating in the Healthcare 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 high compliance risk and low financial risk profile.

Report generated on 27 Jul 2026 from the latest processed filings. Devon Innovations Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Neutral

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 ScoreModerate
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
45/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 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: 70/100 Moderate
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (2.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank1 48.0 cr
Compliance Score: 45/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: R.R. KRISHNA REDDY & CO on 2018-03-25.
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
SUDHA SOMADAS 01234567 Director 01/04/2018 6 yrs Approved
BADARAHALLI LAKSHMAIAH PUNDAREEKA 01234567 Director 01/04/2018 6 yrs Approved
GOTTIGERE CHANDRASHEKAR SOMADAS 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • GOTTIGERE CHANDRASHEKAR SOMADAS has DIN status "Disqualified by RoC u/s 164(2)".
  • 1 director exit(s) in the last 3 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 2024 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
Ormed Medical Techonology Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Ormed Medical Techonology Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Compliance score is weak (45/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.24 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 2.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Nov 2024
Charge created
Canara Bank - 2.00 cr
13 Feb 2024
Director appointed
BADARAHALLI LAKSHMAIAH PUNDAREEKA (Additional Director)
Director ceased
RAMU JAYAPRAKASH
16 Nov 2023
Director appointed
GOTTIGERE CHANDRASHEKAR SOMADAS (Director)
03 Sep 2021
Director ceased
GURUPRASAD ACHUTHA RAO
02 Aug 2020
Director appointed
SUDHA SOMADAS (Additional Director)
31 Mar 2020
Share transfer (FY 2020)
100000.00000000 shares to Somadas G C
30 Dec 2019
Director ceased
ASHWIN KHEMANI
13 Aug 2019
Director ceased
DHIRENDRA KUMAR SINGH
31 Mar 2019
Share transfer (FY 2019)
99998.00000000 shares to Ashwin Khemani
12 Mar 2019
Director ceased
SUCHITRA MISRA
24 Nov 2018
Securities allotted
800000 Equity Shares - 80.00 Lakh raised
04 Jan 2017
Director ceased
SRINIVASA MUNISWAMY RAJU
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
3 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rvb Shorlube Industry Private Limited U74120UP2014PTC066694 Kanpur, Uttar Pradesh, India
Rdevis Engineers Private Limited U29220DL1994PTC063187 New Delhi, Delhi, India
Haique Stones Private Limited U36990RJ2021PTC076539 Udaipur, Rajasthan, India
Healthy Biosciences Limited U24296PB2008PLC032037 Mohali, Punjab, India
Ashlok Safe Earthing Electrode Limited U31908TN2004PLC055064 Chennai, Tamil Nadu, India
Elcon Banshu Wiring System Private Limited U35999UP2019PTC124726 Noida, Uttar Pradesh, India
Jaishree Gems & Jewellers Private Limited U36910RJ2020PTC069247 Jaipur, Rajasthan, India
Glodesi Technologies Private Limited U72900KA2015PTC081174 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Devoncath before audits and certifications: compliance score 45/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devoncath: 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: Favourable lending indicators. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Devoncath - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Devoncath pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Devoncath - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devoncath an active company?

Devoncath has MCA status “Active” with a compliance score of 45/100 (Caution Indicated).

Is Devoncath financially healthy?

Devoncath has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Devoncath?

Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devoncath?

The ultimate holding entity is Ormed Medical Techonology Limited. 3 active director(s) are on record.

Does Devoncath have loans or charges against its assets?

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

Is Devoncath up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 45/100 (Caution Indicated).

Is it risky to lend to Devoncath?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.

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.