Dev Accelerator Limited

Develops and supports innovative ventures in technology, providing training, mentoring, and co-working space.

2020 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Dev Accelerator Profile

Key Indicators

  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 16.92 Cr
  • Company Age 4 Year, 8 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 eight months 0 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

Service

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.

Company report

Dev Accelerator Limited

Explore comprehensive data for Dev Accelerator Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Dev Accelerator?

Executive Team (4)

NameDesignationAppointment DateStatus
Umesh Uttamchandani Country flag representing In Managing Director29-Aug-2020Current
Anjan Trivedi Company Secretary21-Aug-2024Current
Parin Shah CFO21-Aug-2024Current
Parthiv Panchal CFO21-Aug-2024Current

Board Members (9)

NameDesignationAppointment DateStatus
Parth Shah Country flag representing In Whole-Time Director 29-Aug-2020Current
Jaiminbhai Shah Country flag representing In Nominee Director 29-Aug-2020Current
Gopi Trivedi Country flag representing In Director 19-Sep-2024Current
Anand Patel Country flag representing In Director 03-Sep-2024Current
Anish Patel Country flag representing In Director 03-Sep-2024Current
Pathik Patwari Country flag representing In Director 03-Sep-2024Current

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%.

Dev Accelerator revenue growth over time
Dev Accelerator profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
155.87%
Revenue from Operations
155.14%
Total Assets
189.26%
Profit or Loss
-71.55%
Net Worth
165.22%
EBITDA
113.37%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹117.10 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
30 Jan 2025Others₹4.00 CrOpen
22 Nov 2024Others₹8.50 CrOpen
14 Nov 2024Others₹4.00 CrOpen
08 May 2024Others₹2.40 CrOpen
24 Apr 2024Others₹30.00 CrOpen

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.

Employee growth trends for Dev Accelerator Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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 7 months 10 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 26 days .

Recent News, Updates & Announcement

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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