Devanayagam Finance Private Limited
About Devanayagam Finance Private Limited
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Devanayagam Finance Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 29 August 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51100WB1997PTC154616. Its GSTIN is 19AABCD0465C1Z2 (West Bengal).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.28 Cr. It is led by directors including Muralidharan Gopalakrishnan Iyengar and Mohammed Ameen Sulaiman.
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 3/2 Marcus Square Ground Floor, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.97 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 41.5%) and EBITDA of ₹1.64 Cr (EBITDA margin 55.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 35% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹28.61 Cr; the latest was in August 2018. Its 6 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 3 smaller; the largest is Survin Finance and Investments Limited with revenue of ₹2.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Devanayagam Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51100WB1997PTC154616, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100WB1997PTC154616 | Current |
| U65191WB1997PTC154616 | Previous |
| U65191TN1997PTC038913 | Previous |
Contact details
Devanayagam Finance Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3/2 Marcus Square Ground Floor, Kolkata, West Bengal, India – 700007
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Devanayagam Finance 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 Devanayagam Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Devanayagam Finance Private Limited, buy the company report.
Financials of Devanayagam Finance Private Limited
FY 2024 filings availableDevanayagam Finance Private Limited reported revenue of ₹2.97 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 9% 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 |
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| EBITDA | ₹1.64 Cr | ||||
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| Net Profit (PAT) | ₹1.23 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.2% | ||||
| Net Profit Margin | 41.5% | ||||
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To see the full financial statements and ratios of Devanayagam Finance Private Limited, buy the company report.
Board of directors of Devanayagam Finance Private Limited
Devanayagam Finance has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muralidharan Gopalakrishnan Iyengar | Director | 27 Jun 2014 | 12 Years 3 Months | Current |
| Mohammed Ameen Sulaiman Also directs: Gentle Commotrade Private Limited, Equal Dealers Private Limited | Director | 28 Oct 2017 | 8 Years 11 Months | Current |
| Muralidharan Abinaya Also directs: Kag India Private Limited | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Vaishnavi Also directs: Kag India Private Limited | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
Peer comparison
Devanayagam Finance Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Survin Finance and Investments Limited | ₹2.97 Cr (FY 2024) | -4.0% | Delhi, India | |||
| J S K Holdings Pvt Ltd | ₹2.97 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Sagar Credits Limited | ₹2.97 Cr (FY 2025) | -53.0% | Chennai, Tamil Nadu, India | |||
| Devanayagam Finance Private Limitedthis company | ₹2.97 Cr (FY 2024) | ₹1.23 Cr | 41.5% | -17.0% | Kolkata, West Bengal, India | |
| Richline Finance Limited | ₹2.97 Cr (FY 2024) | 66.0% | Tirupur, Tamil Nadu, India | |||
| Madhuban Securities & Finance Pvt. Ltd. | ₹2.96 Cr (FY 2025) | 302.0% | Kolkata, West Bengal, India | |||
| Magic Consultants Private Limited | ₹2.95 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India |
To see the full peer comparison of Devanayagam Finance Private Limited, buy the company report.
Auditor
Devanayagam Finance Private Limited is audited by AGARWAL A K & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL A K & CO | FY 2020 | 328631E |
Shareholding
The shareholding of Devanayagam Finance Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Devanayagam Finance Private Limited, buy the company report.
Deals & funding
Devanayagam Finance Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹28.61 Cr; the latest was in August 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Kag India Private Limited Seller: Yogesh Tie-Up Private Limited , Techbuild Impex Pvt Ltd , Sainath Tie-Up Private Limited |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Gentle Commotrade Private Limited , Equal Dealers Private Limited Seller: Kallinga Pellets Private Limited , Gajraj Vintrade Private Limited , Alok Financial Services Private Limited |
| Mar 2011 | Funding round | ₹28.61 Cr | Investors: Kherapati Vincom Private Limited , Vikash Mercantile Pvt Ltd , Harsh Commotrade Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devanayagam Finance Private Limited has 2 court cases on record: 1 filed by Devanayagam Finance, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against M/S. Vidhawan and Kapoor Nirman LLP Rep by Rajendra Kumar Vidhawan | Disposed |
| Madras High Court | Court case (TCA) | Filed against the company by Commissioner of Income Tax | Pending |
To see the full case history of Devanayagam Finance 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 Devanayagam Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Devanayagam Finance has 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
Devanayagam Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCD0465C1Z2 | West Bengal | Active | 27 Jun 2019 |
To see the full GST registrations and return filing status of Devanayagam Finance Private Limited, buy the company report.
Recent activity
Devanayagam Finance Private Limited has 15 board changes on record since 2009: 4 appointments and 11 cessations. The latest: Muralidharan Abinaya was appointed as Director on 30 Sep 2024.
6 earlier events are in the company report.
Frequently asked questions
Devanayagam Finance is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 29 August 1997 (29+ years old) and is registered under CIN U51100WB1997PTC154616.
Devanayagam Finance has 4 current directors:
- Muralidharan Gopalakrishnan Iyengar - Director
- Mohammed Ameen Sulaiman - Director
- Muralidharan Abinaya - Director
- Vaishnavi - Director
The latest financial statements of Devanayagam Finance 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 Devanayagam Finance is 19AABCD0465C1Z2, registered in West Bengal.
The CIN (Corporate Identification Number) of Devanayagam Finance is U51100WB1997PTC154616. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devanayagam Finance has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Devanayagam Finance was incorporated on 29 August 1997, making it 29+ years old. It is registered with the Registrar of Companies, Kolkata.
Devanayagam Finance has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹28.61 Cr; the latest was in August 2018.
The peers of Devanayagam Finance by revenue are Survin Finance and Investments Limited, J S K Holdings Pvt Ltd, Sagar Credits Limited, Richline Finance Limited, Madhuban Securities & Finance Pvt. Ltd. and 1 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Muralidharan Abinaya was appointed as Director on 30 Sep 2024. Vaishnavi was appointed as Director on 30 Sep 2024. Arun Kumar Singh ceased to be Director on 10 Sep 2021. Devanayagam Finance has 15 board changes on record in total.
The registered office of Devanayagam Finance is at 32 Marcus Square Ground Floor, Kolkata, West Bengal, India – 700007.