Devgan Solvex Pvt Ltd

Produces rice bran oil through processing facility in Amritsar, Punjab since 1988.

1988 | Amritsar, Punjab (India) | Active
Last Updated: December 12, 2024

Devgan Solvex Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.87 M
  • Company Age 36 Year, 10 Months
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 25.90 Cr
  • Satisfied Charges ₹ 3.00 Cr
  • Revenue Growth -45.17%
  • Profit Growth -2008.98%
  • Ebitda -115.67%
  • Net Worth -71.48%
  • Total Assets -21.15%

About Devgan Solvex

Devgan Solvex Pvt Ltd (DSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 March 1988 and has a history of 36 years and ten months. Its registered office is in Amritsar, Punjab, India.

The Company is engaged in the Chemicals And Materials Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2018. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.87 M.

The company currently has active open charges totaling ₹25.90 Cr. The company has closed loans amounting to ₹3.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Naresh Devgan and Yogesh Devgan serve as directors at the Company.

Company Details

  • Location

    Amritsar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U15311PB1988PTC008190

  • Company No.

    008190

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Mar 1988

  • Date of AGM

    29 Sep 2018

  • Date of Balance Sheet

    31 Mar 2018

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Chemicals and Materials

Who are the key members and board of directors at Devgan Solvex?

Board Members (2)

Name Designation Appointment Date Status
Naresh Devgan Country flag representing In Additional Director 30-Nov-2017 Current
Yogesh Devgan Country flag representing In Additional Director 29-Dec-2017 Current

Financial Performance of Devgan Solvex.

Devgan Solvex Pvt Ltd, for the financial year ended 2018, experienced significant reduction in revenue, with a 45.17% decrease. The company also saw a substantial fall in profitability, with a 2008.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 71.48%.

Graph illustrating revenue growth over time
Graph showing 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
-45.17%
Revenue from Operations
-45.35%
Total Assets
-21.15%
Profit or Loss
-2008.98%
Net Worth
-71.48%
EBITDA
-115.67%

What is the Ownership and Shareholding Structure of Devgan Solvex?

In 2018, Devgan Solvex had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹25.90 Cr

Satisfied Charges

₹3.00 Cr

Charges Breakdown by Lending Institutions

  • Union Bank Of India : 25.90 Cr

Latest Charge Details

Date Lender Amount Status
24 Dec 2014 Union Bank Of India ₹1.00 M Open
13 Aug 2014 Union Bank Of India ₹19.50 Cr Open
28 Dec 2012 Union Bank Of India ₹5.90 Cr Open
26 Jan 1995 Union Bank Of India ₹4.00 M Open
10 Sep 2003 State Bank Of Patiala ₹3.00 Cr Satisfied

How Many Employees Work at Devgan Solvex?

Unlock and access historical data on people associated with Devgan Solvex, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Devgan Solvex, 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 Devgan Solvex'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 Devgan Solvex

Recent activity within the organization

  • Annual General Meeting

    Devgan Solvex Pvt Ltd last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.

    29 Sep 2018

  • Balance Sheet

    Devgan Solvex Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Chandigarh.

    31 Mar 2018

  • Director Appointment

    Yogesh Devgan was appointed as a Additional Director was appointed as a Additional Director on 29 Dec 2017 & has been associated with this company since 7 years 1 month .

    29 Dec 2017

  • Director Appointment

    Naresh Kumar Devgan was appointed as a Additional Director was appointed as a Additional Director on 30 Nov 2017 & has been associated with this company since 7 years 2 months .

    30 Nov 2017

  • Charges

    A charge with Union Bank Of India amounted to Rs. 0.10 Cr with Charge ID 10548567 was registered on 24 Dec 2014.

    24 Dec 2014

  • Charges

    A charge with Union Bank Of India amounted to Rs. 19.50 Cr with Charge ID 10520016 was registered on 13 Aug 2014.

    13 Aug 2014

Frequently asked questions

  • Devgan Solvex Pvt Ltd was incorporated on 29 Mar 1988.

  • The authorized share capital of Devgan Solvex Pvt Ltd is ₹ 1.00 Cr and paid-up capital is ₹ 9.87 M.

  • Currently 2 directors are associated with Devgan Solvex Pvt Ltd.

    • Naresh Kumar Devgan
    • Yogesh Devgan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Devgan Solvex Pvt Ltd is Sangrana Sahib Tarn Taran Road India, Amritsar, Punjab, 143001.

  • The corporate identification number (CIN) of Devgan Solvex Pvt Ltd is U15311PB1988PTC008190 and the company number is 008190 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2018, the revenue trend for Devgan Solvex Pvt Ltd has fallen by -45.17%.

  • The financial reports for the fiscal year 2018 indicates that The net worth of Devgan Solvex Pvt Ltd has experienced an downturn of -71.48%.

  • As per the financial statements for fiscal Year 2018, The total open charges for Devgan Solvex Pvt Ltd amount to ₹ 25.90 Cr.

  • The most recent Balance Sheet for Devgan Solvex Pvt Ltd was filed with the ROC on 31 Mar 2018.

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