Devona Power Solutions Limited - Due diligence report

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

2008-06-27 New Delhi, Delhi Strike Off Unlisted
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Devona Power Solutions Limited — 360° Intelligence Report

Generated from MCA filings & public records
65/100
Trust Score
Moderate

Devona Power Solutions Limited is assessed as Moderate with a Trust Score of 65/100. Devona Power Solutions Limited is a public limited indian non-government company incorporated in 2008, operating in the Energy sector. Processed financial statements are not yet available for trend analysis. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 06 Jul 2026 from the latest processed filings. Devona Power Solutions 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
65/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreNo Data
N/A
Needs at least two filed years to measure growth.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 1 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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • 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 2017 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VISHAL BHATNAGAR 01234567 Director 01/04/2018 6 yrs Approved
VIKAS KUMAR ADUKIA 01234567 Director 01/04/2018 6 yrs Approved
AMIT JAIN 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 Solar Private Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 7 transfer(s)

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

Group entityRelationship% held
Rattanindia Solar Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth N/A · Distress 55
Growth signals & trust indicators
Operating for 18+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Strike Off.
Compliance score is weak (30/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence48/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
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 view44/100
Limited indicators at present
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
26 Oct 2018
Director appointed
AMIT JAIN (Additional Director)
Director ceased
SANJEEV RANJAN
20 Sep 2017
Last AGM held
Annual general meeting
31 Mar 2017
Share transfer (FY 2017)
49994.00000000 shares to RATTANINDIA SOLAR
Share transfer (FY 2017)
1.00000000 shares to Z A KHAN
Share transfer (FY 2017)
1.00000000 shares to SOMESH SINGH
Share transfer (FY 2017)
1.00000000 shares to RAHUL GOCHHWAL
Share transfer (FY 2017)
1.00000000 shares to HITNDER KUMAR
Share transfer (FY 2017)
1.00000000 shares to SANJEEV RANJAN
Share transfer (FY 2017)
1.00000000 shares to RAM KUMAR
Latest balance sheet
Filed with ROC
23 Sep 2016
Director ceased
VISHAL BHATNAGAR
09 Feb 2016
Director appointed
VISHAL BHATNAGAR (Director)
Director ceased
AJIT KUMAR PANDA
28 Sep 2015
Director ceased
VIKAS KUMAR ADUKIA
10

Key Observations

Auto-generated from the data above
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Hecate Hydro Electric Power Limited U40105DL2008PLC179317 New Delhi, Delhi, India
Rattanindia Solar 11 Private Limited U40109DL2008PTC174700 New Delhi, Delhi, India
Devona Power Development Limited U40107DL2008PLC180351 New Delhi, Delhi, India
Albina Power Utility Limited U40104DL2008PLC180181 New Delhi, Delhi, India
Devona Power Supply Limited U40105DL2008PLC180182 New Delhi, Delhi, India
Hecate Power Company Limited U40105DL2008PLC179271 New Delhi, Delhi, India
Hecate Electric Limited U40104DL2008PLC180506 New Delhi, Delhi, India
Mabon Power Limited U40109DL2008PLC174456 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Devona Power Solutions 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 Solutions 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: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score n/a, margin trends, ownership structure and peer set for Devona Power Solutions Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Devona Power Solutions 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 Solutions Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devona Power Solutions Limited an active company?

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

Is Devona Power Solutions Limited financially healthy?

Devona Power Solutions Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Devona Power Solutions Limited?

Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devona Power Solutions Limited?

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

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

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

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

Last balance sheet is for Mar 2017 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Devona Power Solutions Limited?

Its Credit Risk Score is 90/100 (Low Risk). 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.