About Devi Plantations Private Limited
Data last updated:
Devi Plantations Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the horticulture and produce segment of the agriculture sector. It was incorporated on 23 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U01400TN2011PTC083248. Its GSTIN is 33AAECD0604J1Z5 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.9 Cr. It is led by directors including Theenachandran Rathinasamy (Managing Director) and Utham Theenachandran.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Devi House 281 – 4 Sivagangai Main Road Gomathipuram, Madurai, Tamil Nadu, India – 625020.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.29 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹26.44 Lakh (net margin 6.2%) and EBITDA of ₹44.65 Lakh (EBITDA margin 10.4%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed by the company. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in March 2015. Its 3 peer companies in the Agriculture industry (Fruits and Vegetables, Plantations, Tea and Coffee), with the same principal business activity (production of crops and animals) are compared by revenue, 2 larger and 1 smaller; the largest is Sona Tea Ltd. with revenue of ₹4.34 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devicropscience.com.
Company details
Contact details
Devi Plantations Private Limited's registered office is in Madurai, Tamil Nadu. Its website is devicropscience.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDevi House 281 – 4 Sivagangai Main Road Gomathipuram, Madurai, Tamil Nadu, India – 625020
- IndustryAgriculture, Horticulture & Produce, Tea & Coffee Processing
To see the full contact details of Devi Plantations Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Devi Plantations is agriculture, forestry, fishing. In detail, this covers production of crops and animals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals |
To see the full business activity and turnover split of Devi Plantations Private Limited, buy the company report.
Financials of Devi Plantations Private Limited
FY 2024 filings availableDevi Plantations Private Limited reported revenue of ₹4.29 Cr (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 28% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 67% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹44.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.44 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Devi Plantations Private Limited, buy the company report.
Board of directors of Devi Plantations Private Limited
Devi Plantations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Theenachandran Rathinasamy Also directs: Devi Biotech Private Limited, Devi Cropscience Private Limited, Devi Plasto Pack Private Limited and 1 more | Managing Director | 23 Nov 2011 | 14 Years 11 Months | Current |
| Utham Theenachandran | Director | 13 Apr 2024 | 2 Years 6 Months | Current |
| Vasanthi Theenachandran Also directs: Devi Biotech Private Limited, Devi Cropscience Private Limited, Devi Plasto Pack Private Limited and 1 more | Director | 23 Nov 2011 | 14 Years 11 Months | Current |
Peer comparison
Devi Plantations Private Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Fruits and Vegetables, Plantations, Tea and Coffee), with the same principal business activity (production of crops and animals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sona Tea Ltd. | ₹4.34 Cr (FY 2024) | -5.0% | Kolkata, West Bengal, India | |||
| Ringtong Tea Co Pvt Ltd | ₹4.29 Cr (FY 2024) | -20.0% | Siliguri, West Bengal, India | |||
| Devi Plantations Private Limitedthis company | ₹4.29 Cr (FY 2024) | ₹26.44 Lakh | 6.2% | 28.0% | 11 | Madurai, Tamil Nadu, India |
| Dra Tea and Trading Private Limited | ₹4.25 Cr (FY 2021) | -4.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Devi Plantations Private Limited, buy the company report.
Shareholding
The shareholding of Devi Plantations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devi Plantations Private Limited, buy the company report.
Deals & funding
Devi Plantations Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in March 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2015 | Rights issue | ₹80 Lakh | Investors: 2 individuals |
| Dec 2011 | Funding round | ₹4 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devi Plantations Private Limited has 2 court cases on record: 2 filed by Devi Plantations. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, HASSAN, Karnataka | Court case (R.A.) | Filed by the company against M/S Mother Mirra Coffee Plantations Pvt. Ltd., Rep. by Its Managing Director, N. Subramanian and 7 others | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Devi Plantations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devi Plantations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devi Plantations Private Limited has a workforce of 11 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Devi Plantations has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECD0604J1Z5 | Tamil Nadu | Active | 18 Nov 2017 |
| 29AAECD0604J1ZU | Karnataka | Active | 22 Feb 2018 |
To see the full GST registrations and return filing status of Devi Plantations Private Limited, buy the company report.
Recent activity
Devi Plantations Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Utham Theenachandran ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Devi Plantations is an active private limited company based in Madurai, Tamil Nadu, India. The company works in horticulture and produce, within the agriculture industry. It was incorporated on 23 November 2011 (15+ years old) and is registered under CIN U01400TN2011PTC083248.
Devi Plantations has 3 current directors:
- Theenachandran Rathinasamy - Managing Director
- Utham Theenachandran - Director
- Vasanthi Theenachandran - Director
The latest financial statements of Devi Plantations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Devi Plantations is 33AAECD0604J1Z5, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAECD0604J1ZU (Karnataka).
The CIN (Corporate Identification Number) of Devi Plantations is U01400TN2011PTC083248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devi Plantations has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Devi Plantations was incorporated on 23 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
Devi Plantations has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in March 2015.
The peers of Devi Plantations by revenue are Sona Tea Ltd, Ringtong Tea Co Pvt Ltd, Dra Tea and Trading Private Limited, all in the Agriculture industry (Fruits and Vegetables, Plantations, Tea and Coffee), with the same principal business activity (production of crops and animals).
Utham Theenachandran ceased to be Additional Director on 29 Sep 2024. Utham Theenachandran was appointed as Director on 13 Apr 2024. Theenachandran Rathinasamy was appointed as Managing Director on 23 Nov 2011. Devi Plantations has 4 board changes on record in total.
Devi Plantations can be reached through the website devicropscience.com. Its registered office is in Madurai, Tamil Nadu, India.