Devona Power Limited - Due diligence report

A 360° intelligence report on Devona Power Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

2007-09-05 New Delhi, Delhi Strike Off Unlisted Active Compliant
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Devona Power Limited — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

Devona Power Limited is assessed as Moderate with a Trust Score of 60/100. Devona Power Limited is a public limited indian non-government company incorporated in 2007, operating in the Energy and Power sector. Reported revenue has declined 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 04 Jul 2026 from the latest processed filings. Devona Power Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
30/100
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: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 30/100 Caution Indicated
  • Company status is "Strike Off" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NARAYANASANY JEEVAGAN 01234567 Director 01/04/2018 6 yrs Approved
PANKAJ SINGHAL 01234567 Director 01/04/2018 6 yrs Approved
ALAK BIHARI SAHU 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.
06

Ownership & Group Intelligence

As per FY 2017 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
Rattanindia Power Limited
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Rattanindia Power Limited Holding Company 74.00%

Key managerial personnel: PANKAJ SINGHAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 30
Growth signals & trust indicators
Operating for 18+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (30/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence39/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment57/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view57/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
12 Nov 2021
Director ceased
SACHIN KUMAR
21 Sep 2021
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
08 Feb 2021
Director ceased
SANJIV CHHIKARA
20 Oct 2020
Director ceased
LALIT NARAYAN MATHPATI
30 Jun 2020
Director ceased
RAGHUNANDAN KUMAR SHARMA
01 Oct 2019
Director ceased
MUKESH KUMAR
Director ceased
PANKAJ SINGHAL
15 Mar 2019
Director ceased
VIKAS KUMAR ADUKIA
27 Mar 2016
Director ceased
ARUN CHOPRA
08 Feb 2016
Director appointed
PANKAJ SINGHAL (Managing Director)
30 Mar 2015
Director appointed
NARAYANASANY JEEVAGAN (Director)
27 Sep 2013
Director ceased
ALAK BIHARI SAHU
30 Jun 2013
Director ceased
RAHUL AGARWAL
15 Feb 2013
Director appointed
ALAK BIHARI SAHU (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a majority stake as per the FY 2017 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bnc Power Transmission Private Limited U31200MH2006PTC161558 Bhusawal, Maharashtra, India
Una Power Private Limited U23101DL2008PTC174757 New Delhi, Delhi, India
Salene Power Infrastructure Private Limited U40300GJ2001PTC067617 Ahmedabad, Gujarat, India
Goel Agencies Private Limited U74899DL1987PTC027238 New Delhi, Delhi, India
A2Z Waste Management (Nainital) Private Limited U90000HR2010PTC040688 Sadar Bazar, Haryana, India
Gshpl U40109TN2008PTC070082 Chennai, Tamil Nadu, India
Venkataraya Power Private Limited U40109AP2000PTC034503 Tanuku, Andhra Pradesh, India
Plg Power And Infra Private Limited U26900MH2013PTC240435 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Devona Power Limited before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devona Power 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Devona Power Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Devona Power 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 Devona Power Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devona Power Limited an active company?

Devona Power Limited has MCA status “Strike Off” with a compliance score of 30/100 (Caution Indicated).

Is Devona Power Limited financially healthy?

Devona Power Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Devona Power Limited?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devona Power Limited?

The ultimate holding entity is Rattanindia Power Limited. 3 active director(s) are on record.

Does Devona Power Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Devona Power Limited up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Devona Power Limited?

Its Credit Risk Score is 60/100 (Moderate). 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.