

Dev Accelerator Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 16.92 Cr
- Company Age 4 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 117.10 Cr
- Satisfied Charges ₹ 10.50 Cr
- Revenue Growth 155.87%
- Profit Growth -71.55%
- Ebitda 113.37%
- Net Worth 165.22%
- Total Assets 189.26%
About Dev Accelerator
Dev Accelerator Limited (DAL) is a registered startup operating as a Public Limited Indian Non-Government Company incorporated in India on 29 August 2020 (Four years and seven months 9 days old ). Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Service Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 30.00 Cr and a paid-up capital of Rs 16.92 Cr.
The company currently has active open charges totaling ₹117.10 Cr. The company has closed loans amounting to ₹10.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Dev Accelerator Limited India are Anjan Trivedi as Company Secretary, Parin Shah as Cfo, and Parthiv Panchal as Cfo. Anand Patel, Jaiminbhai Shah, Anish Patel, and Seven other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999GJ2020PLC115984
- Company No.
115984
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Aug 2020
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Dev Accelerator Limited offer?
Dev Accelerator Limited offers a wide range of products and services, including Real Estate Agent & Property Dealers, Commercial Property Rental.
Who are the key members and board of directors at Dev Accelerator?
Executive Team (4)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Umesh Uttamchandani ![]() | Managing Director | 29-Aug-2020 | Current |
Anjan Trivedi | Company Secretary | 21-Aug-2024 | Current |
Parin Shah | CFO | 21-Aug-2024 | Current |
Parthiv Panchal | CFO | 21-Aug-2024 | Current |
Board Members (9)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Parth Shah ![]() | Whole-Time Director | 29-Aug-2020 | Current |
Jaiminbhai Shah ![]() | Nominee Director | 29-Aug-2020 | Current |
Gopi Trivedi ![]() | Director | 19-Sep-2024 | Current |
Anand Patel ![]() | Director | 03-Sep-2024 | Current |
Anish Patel ![]() | Director | 03-Sep-2024 | Current |
Pathik Patwari ![]() | Director | 03-Sep-2024 | Current |
Financial Performance of Dev Accelerator.
Dev Accelerator Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 155.87% increase. The company also saw a substantial fall in profitability, with a 71.55% decrease in profit. The company's net worth Soared by an impressive increase of 165.22%.


- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Dev Accelerator?
In 2023, Dev Accelerator had a promoter holding of 65.74% and a public holding of 34.26%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Related Corporates (Common Directorship)
- Tie Ahmedabad Association
Jaiminbhai Shah is a mutual person
- The Sports Club Of Gujarat Limited
Pathik Patwari is a mutual person
- The Indo-Canadian Business Chamber
Jaiminbhai Shah is a mutual person
- Jayatma Enterprises Limited
Pathik Patwari is a mutual person
- Gujarat Credo Mineral Industries Limited
Anand Patel is a mutual person
- Gujarat Credo Alumina Chemicals Limited
Anand Patel is a mutual person
Charges (Loans)
₹117.10 Cr
₹10.50 Cr
Charges Breakdown by Lending Institutions
- Others : 111.10 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 6.00 Cr
Latest Charge Details
Date | Lender | Amount | Status |
---|---|---|---|
30 Jan 2025 | Others | ₹4.00 Cr | Open |
22 Nov 2024 | Others | ₹8.50 Cr | Open |
14 Nov 2024 | Others | ₹4.00 Cr | Open |
08 May 2024 | Others | ₹2.40 Cr | Open |
24 Apr 2024 | Others | ₹30.00 Cr | Open |
How Many Employees Work at Dev Accelerator?
Dev Accelerator has a workforce of 39 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Dev Accelerator, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Dev Accelerator's trajectory.
Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Dev Accelerator
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101041667 was registered on 30 Jan 2025.
- Charges
A charge with Others amounted to Rs. 8.50 Cr with Charge ID 101030334 was registered on 22 Nov 2024.
- Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101031587 was registered on 14 Nov 2024.
- Annual General Meeting
Dev Accelerator Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Director Appointment
Gopi Trivedi was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 6 months 19 days .
- Director Appointment
Anand Anilbhai Patel was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 7 months 4 days .
Recent News, Updates & Announcement
- Co-working Startup DevX Secures $7 Mn Equity & Debt Funding Round.
DevX, a Managed Office Space provider announced that it has raised funding of $ 7 Million with a mix of equity & debt split equally..
- Managed offices provider DevX sets up 1.80-lakh-sq-ft coworking center in Ahmedabad.
DevX has set up a coworking center spread over 1.80 lakh sq ft on Sindhu Bhavan Road in Ahmedabad. This hub, the managed office space providers fourth facility in Ahmedabad, has over 3,000 seats and is the largest coworking space in Gujarat. DevX is a co-working space cum accelerator founded in September 2017 by three entrepreneurs Rushit, Umesh Parth and a listed entity--Dev Information Technology..
Frequently asked questions
What is the Incorporation or founding date of Dev Accelerator Limited?
Dev Accelerator Limited was incorporated on 29 Aug 2020.
What is authorized share capital and paid-up capital of Dev Accelerator Limited?
The authorized share capital of Dev Accelerator Limited is ₹ 30.00 Cr and paid-up capital is ₹ 16.92 Cr.
Who are the current board members & directors of Dev Accelerator Limited?
Currently 13 directors are associated with Dev Accelerator Limited.
- Anand Anilbhai Patel
- Jaiminbhai Jagdishbhai Shah
- Anish Alerk Patel
- Pathik Shailesh Patwari
- Gopi Trivedi
- Yash Himanshu Shah
- Umesh Satishkumar Uttamchandani
- Parth Naimeshbhai Shah
- Rushit Shardulkumar Shah
- Praveen Kumar
- Anjan Pareshkumar Trivedi
- Parin Jitendrabhai Shah
- Parthiv Pankajbhai Panchal
What is the registered address of Dev Accelerator Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Dev Accelerator Limited is C-01 The First Commercial Complex B/S Keshavbaug Party Plot, Vastrapur India, Ahmedabad, Gujarat, 380015.
What is the corporate identification number (CIN) and company number of Dev Accelerator Limited?
The corporate identification number (CIN) of Dev Accelerator Limited is U74999GJ2020PLC115984 and the company number is 115984 as per Ministry of Corporate Affairs (MCA).
What is the official website of Dev Accelerator Limited?
The Official website of Dev Accelerator Limited is https://www.devx.work
What has been the recent revenue trend for Dev Accelerator Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Dev Accelerator Limited has risen by 155.87%.
How many employees does Dev Accelerator Limited currently have?
As Per 2023 financial reports, 39 employees are currently employed by Dev Accelerator Limited.
What change has been observed in the net worth of Dev Accelerator Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Dev Accelerator Limited has experienced an upsurge of 165.22%.
What are the total open charges for Dev Accelerator Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Dev Accelerator Limited amount to ₹ 117.10 Cr.
When was the last Balance Sheet of Dev Accelerator Limited filed with the ROC?
The most recent Balance Sheet for Dev Accelerator Limited was filed with the ROC on 31 Mar 2024.
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