Devtech M2M Limited - Due diligence report

A 360° intelligence report on Devtech M2M Limited: trust score, financial health, credit view, compliance, directors, growth and distress si…

2008-03-08 Pune, Maharashtra Active Unlisted Active Compliant
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DM Devtech M2M Limited
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Devtech M2M Limited — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Devtech M2M Limited is assessed as Moderate with a Trust Score of 68/100. Devtech M2M Limited is an active public limited indian non-government company incorporated in 2008, operating in the Consumer Electronics & Durables 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 high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Devtech M2M Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
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 ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
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
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

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

Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RENU PRASHANT ANJANIKAR 01234567 Director 01/04/2018 6 yrs Approved
VISHAL RAMCHANDRA JADHAV 01234567 Director 01/04/2018 6 yrs Approved
VINOD RAMCHANDRA JADHAV 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 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
Vistra Itcl (india) Limited
Subsidiaries
-
Group entities
-
Capital events
6 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Vistra Itcl (india) Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 45
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment58/100
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 record supports lending.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
29 Jul 2022
Director ceased
SUVARNA VINOD JADHAV
14 Jul 2020
Director ceased
SHANTA RAMCAHNDRA JADHAV
30 Sep 2019
Director ceased
VINOD RAMCHANDRA JADHAV
10 Oct 2018
Director appointed
VINOD RAMCHANDRA JADHAV (Director)
13 Jul 2018
Securities allotted
6685 Equity Shares - 1.02 cr raised
08 May 2018
Securities allotted
4314 Equity Shares - 65.62 Lakh raised
02 Apr 2018
Securities allotted
6417 Equity Shares - 97.60 Lakh raised
08 Feb 2018
Securities allotted
8344 Equity Shares - 1.27 cr raised
05 May 2017
Securities allotted
50000 Equity Shares - 50.00 Lakh raised
31 Mar 2017
Share transfer (FY 2017)
5.00000000 shares to VINOD SUVARNA
Share transfer (FY 2017)
5.00000000 shares to Vistra ITCL INDIA Limited
21 Nov 2014
Securities allotted
29000.00 Equity Shares - 29.00 Lakh raised
18 Oct 2014
Director ceased
RENU PRASHANT ANJANIKAR
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
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.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Seeaar Machine Tools Private Limited U85110KA1985PTC007293 Bangalore, Karnataka, India
Kinger Multi-Trade Private Limited U46410JH2022PTC018016 Ranchi, Jharkhand, India
Fracktal Works U30009KA2013PTC070124 Bangalore, Karnataka, India
Green Glory Technologies Private Limited U29256TN2021PTC146565 Ponneri, Tamil Nadu, India
Vartech Weighing Systems Private Limited U29200KA2021PTC144699 Bangalore, Karnataka, India
Labhya Tech Private Limited U45204DL2013PTC249747 Delhi, Delhi, India
A Z Electronics Services Private Limited U31909OR2021PTC036197 Bhubaneswar, Orissa, India
Aci Electricals Private Limited U74999UP2019PTC115291 Gt Road Khurja, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Devtech M2M Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devtech M2M 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 85/100, margin trends, ownership structure and peer set for Devtech M2M Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Devtech M2M 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 Devtech M2M Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devtech M2M Limited an active company?

Devtech M2M Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Devtech M2M Limited financially healthy?

Devtech M2M Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Devtech M2M Limited?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devtech M2M Limited?

The ultimate holding entity is Vistra Itcl (india) Limited. 3 active director(s) are on record.

Does Devtech M2M Limited have loans or charges against its assets?

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

Is Devtech M2M Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Devtech M2M 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.