About Depa Group
Depa Group is a publicly listed company based in Dubai (United Arab Emirates) founded in 1996, and was acquired by Public Investment Fund in February 2022. Interior fit-out and furnishing solutions for luxury spaces are provided. The company has 18 employees. Its chief executive, as recorded, is Hamish Tyrwhitt. Its Indian entity Depa India Private Limited reported revenue of ₹8.85 Cr. Depa Group offers products and services including Interior Contracting and FF&E Manufacturing. Its focus areas include Real Estate and Construction and Interior Designers.
Company details
Depa Group was founded in 1996 in Dubai, United Arab Emirates, within the interior contracting sector. Services encompass fit-out and furnishing for luxury environments, including hotels, apartments, airports, shops, yachts, theme parks, and offices. FFE manufacturing and procurement are handled, alongside stone supply, installation, and interiors for super yachts and aircraft. Full interior design and construction processes, from concept development to final installation, are managed across high-end projects.
- Headquarters Dubai, United Arab Emirates
- Employees 18
- Stage Acquired
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website depa.com
- Social LinkedIn X
- Acquired by Public Investment Fund (Feb 2022)
- Legal Name Depa Plc
- Indian entity revenue₹8.85 Cr
FY 2025 · -33% YoY
- Indian entity net loss-₹6.5 Lakh
FY 2025 · -1% margin
- Indian entity EBITDA₹2.2 Lakh
FY 2025 · 0% margin
- Latest Funding Round$28.76M (USD), Post-IPO
Jul 2017
- InvestorsAl-Futtaim
& 2 more
- Employee Count18
- Acquired byPublic Investment Fund
(Feb 2022)
Associated legal entities of Depa Group
Depa Group operates through Depa India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Depa India Private Limited CIN U74210MH2006PTC164903 | Active | 25 Sep 2006 | Mumbai, Maharashtra | ₹8.9 Cr | 18 | 4 | View details |
Products & Services of Depa Group
Depa Group offers a comprehensive portfolio of products and services, including Interior Contracting and FF&E Manufacturing.
Fit-out and furnishing services are delivered for luxury properties including hotels and offices
Furniture, fixtures, and equipment manufacturing and procurement services are provided for various interior projects
Funding Insights of Depa Group
- Total Rounds 2
- Last Round Post-IPO — $28.76M
- Investors Count 2
All 2 funding rounds of Depa Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $28.76M | Post-IPO | – | – | |
| Sep 2004 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Depa Group
Depa Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Al-Futtaim, The National Investor and Public Investment Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm invests in UAE | 1994 | tni.ae | Abu Dhabi, United Arab Emirates | |
Multiple real estate strategies are pursued by Al-Futtaim. | 1930 | alfuttaim.com | Dubai, United Arab Emirates | |
Manages investments in energy, real estate, and technology to support national development. | 1971 | pif.gov.sa | Riyadh, Saudi Arabia |
Investor details for Depa Group
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Board of directors of Depa India Private Limited (Depa Group)
Depa India Private Limited is the primary company behind Depa Group. The board of Depa India Private Limited currently have 3 directors; the longest-serving is Venancius Germans Antony, appointed in 2016. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venancius Germans Antony DIN 07511944 | Director | 30 Mar 2016 | 10 yrs 6 mo | Depa India Private Limited |
| Surendran Kochukrishnan Nair DIN 09296178 | Director | 27 Aug 2021 | 5 yrs 2 mo | Depa India Private Limited |
| Nader Ramez Mardini DIN 10473468 | Director | 20 Jan 2024 | 2 yrs 9 mo | Depa India Private Limited |
People of Depa Group
45 people are tracked at Depa Group (10 in leadership, 10 in board & advisors, 25 in team); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
Hamish Tyrwhitt | CEO | Leadership |
David Holiday | Group Chief Legal Officer & Company Secretary | Leadership |
Ali Katkhada | Group Chief Information Officer | Leadership |
| Group CFO | Leadership | |
Haitham Tuqan | Group CEO | Leadership |
Rohit Ramchandani | Group Finance Director | Leadership |
Joshi George | Head Of Operations | Leadership |
Asif Qureshi | Operations Head - India | Leadership |
Mohamed Rizwan | Head - Estimation & BD | Leadership |
Herbert Pravin George | Chief Accountant | Leadership |
Marwan Shehadeh | Director | Board & advisors |
Ahmed Ramdan | Director | Board & advisors |
Charbel Khoury | Director | Board & advisors |
Ahmad Al Ghamdi | Non-Executive Director | Board & advisors |
Muteb Al Shathri | Chairman | Board & advisors |
Mohammed Alsudairy | Director | Board & advisors |
Edward Quinlan | Director | Board & advisors |
Faisal Al Areefi | Director | Board & advisors |
Sadhak Bindal | Director | Board & advisors |
Fadi Alsaid | Director | Board & advisors |
25 more people are available in the full profile.
Complete people profiles for Depa Group
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IPO & Listings of Depa Group
Depa Group is a publicly listed company on the NASDAQDUBAI with ticker symbol DEPA in UAE, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date18 Apr 2008
- Listed onNASDAQDUBAI: DEPA
- Listed entityDepa Plc
- Exchange sectorIndustrial services
- ISINAEDFXA0NFP81
- Share price0.32 AED · 2026-10-13
- Market capitalisation196,526,636.00 AED
- Price to earnings1.2
- EPS (diluted, trailing year)0.28 AED
Financials of Depa Group
Figures of Depa India Private Limited, the primary company behind Depa Group, for FY 2025. Revenue was ₹8.85 Cr (-33% year on year). Net loss was -₹6.5 Lakh (-1% margin). EBITDA was ₹2.2 Lakh (0% margin). Revenue has grown at a compounded annual rate of -23% over three years and -32% over five years.
- ₹8.85 CrRevenue · FY 2025 · -33% YoY
- -₹6.5 LakhNet loss · -1% margin
- ₹2.2 LakhEBITDA · 0% margin
- ₹59.19 CrPaid-up capital
- 18Employees (provident fund records)
- -23%Revenue CAGR, 3 years
- -32%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.58B AED | 154.8M AED | 196.2M AED |
| 2024 | 1.34B AED | 87.8M AED | 126.4M AED |
| 2023 | 1.09B AED | -44.4M AED | -16.5M AED |
| 2022 | 917.8M AED | 59.1M AED | 104.2M AED |
| 2021 | 801.6M AED | 39.8M AED | 40.6M AED |
Balance sheet, profit and loss, cash flow and ratios of Depa India Private Limited are on its company page.
Detailed financial statements for Depa Group
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Timeline of Depa Group
5 dated milestones of Depa Group across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Depa Group is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $28.8M.
- Exit Acquired by Public Investment Fund.
Web traffic of Depa Group
The website of Depa Group (depa.com) receives about 9.8K visits a month.
- Monthly visits9.8K
▼ 26.1% vs previous month
Websites whose visitors overlap most with Depa Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aeconline.ae | 100% | 23.1K | #1,218,017 | View details | |
cityspace.ae | cityspace.ae | 99% | – | ||
| contractingbusiness.com | 99% | #1,597,918 | View details | ||
| protenders.com | 96% | 129K | #318,482 | View details | |
| borealisgroup.com | 58% | 108.2K | #347,311 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Depa Group
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Related news about Depa Group
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Frequently Asked Questions about Depa Group
Depa Group was founded in 1996 and raised its 1st funding round 8 years after it was founded.
Depa Group is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Hamish Tyrwhitt is the CEO of Depa Group, as recorded in our data.
Depa Group has 18 employees.
The primary company behind Depa Group, Depa India Private Limited, reported revenue of ₹8.85 Cr for FY 2025, down 33% year on year.
Depa Group was founded in 1996 in Dubai, United Arab Emirates, within the interior contracting sector. Services encompass fit-out and furnishing for luxury environments, including hotels, apartments, airports, shops, yachts, theme parks, and offices. FFE manufacturing and procurement are handled, alongside stone supply, installation, and interiors for super yachts and aircraft. Full interior design and construction processes, from concept development to final installation, are managed across high-end projects.
Depa Group offers Interior Contracting and FF&E Manufacturing.
Yes, Depa Group is publicly traded on NASDAQDUBAI under the ticker symbol DEPA.
Depa Group has 3 investors. Key investors include Al-Futtaim, The National Investor, and Public Investment Fund.
Depa Group operates through Depa India Private Limited.
Yes. Depa Group was acquired by Public Investment Fund in February 2022.
The legal entities of Depa Group currently have 4 directors, including Chandrika Pamecha, Nader Ramez Mardini, Surendran Kochukrishnan Nair and others.