About Devans Modern Breweries Limited
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Devans Modern Breweries Limited is a public limited company based in Jammu, Jammu And Kashmir, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 12 February 1963 and has been in existence for over 63 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U15511JK1963PLC000273. Its GSTIN is 01AAACD5814C3ZF (Jammu and Kashmir). The company holds 14 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹14.36 Cr. It was formerly known as Kashmir Fruit and Chemical Industries Limited. It is led by directors including Prem Narain Dewan (Managing Director) and Tilak Raj Gupta.
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 Bohri Talab Tillo Jammu J&K, Jammu and Kashmir, India – 180002.
As per the financials filed for FY 2024, the company reported a revenue of ₹805.81 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹43.58 Cr (net margin 5.4%) and EBITDA of ₹75.68 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 26% over five years.
The company has about 537 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Godfather Zone, Devans Modern Breweries and Godfather. As per MCA filings, the company has open charges of ₹139.65 Cr and satisfied charges of ₹159.6 Cr on record. Court records list 165 cases involving the company, including 120 filed by the company and 29 filed against it; 44 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devans.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBohri Talab Tillo Jammu J&K, Jammu and Kashmir, India – 180002
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
- 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
- One PDF report, delivered after checkout
Associated Brands with Devans Modern Breweries Limited
Devans Modern Breweries operates multiple associated brands including Godfather Zone, Devans Modern Breweries, and Godfather. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Godfather Zone is a beer brand offering quality beverages. | godfatherzone.com | |
| Produces award-winning beers and malt spirits for domestic and export markets. | devans.co.in | |
| Produces and sells strong beer variants with varying ABV levels. | godfatherbeer.com |
Business Activity of Devans Modern Breweries Limited
The main business activity of Devans Modern Breweries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Devans Modern Breweries Limited FY 2024 filings available
Devans Modern Breweries Limited reported revenue of ₹805.81 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devans Modern Breweries Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 13% growth in the latest year. EBITDA rose 57% 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 of Devans Modern Breweries Limited
| 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 | ₹75.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹43.58 Cr | •••• | •••• | •••• | •••• |
| 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 of Devans Modern Breweries Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Devans Modern Breweries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Devans Modern Breweries Limited
Devans Modern Breweries has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tilak Raj Gupta | Director | 30 Sep 2013 | 13 Years 0 Months | Current |
| Kewal Ratten Gupta | Director | 30 Sep 1991 | 35 Years 0 Months | Current |
| Renu Dewan Also directs: Devson Private Limited | Director | 13 Jun 2024 | 2 Years 4 Months | Current |
| Kamal Kishore Gupta | Director | 27 Jan 2016 | 10 Years 8 Months | Current |
| Rajesh Dewan | Director | 30 Sep 2013 | 13 Years 0 Months | Current |
| Upinder Kumar Pachnanda | Director | 27 Jan 2016 | 10 Years 8 Months | Current |
Peer Comparison of Devans Modern Breweries Limited
Devans Modern Breweries Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Sarvaraya Sugars Limited | ₹874.75 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Pioneer Industries Private Limited | ₹850.57 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Pathankot, Punjab, India |
| Upper Ganges Sugar and Industries Limited | ₹844.64 Cr (FY 2016) | •••• | •••• | -2.0% | •••• | Uttar Pradesh, India |
| Svaksha Distillery Limited | ₹844.49 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Kharagpur, West Bengal, India |
| NV Distilleries and Breweries Private Limited | ₹844.11 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Devans Modern Breweries Limited this company | ₹805.81 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Jammu, Jammu And Kashmir, India |
| The Seksaria Biswan Sugar Factory Limiited | ₹796.13 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Rajshree Sugars & Chemicals Limited Listed | ₹776.38 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Coimbatore, Tamil Nadu, India |
| Chhattisgarh Distilleries Limited | ₹771.16 Cr (FY 2023) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Southern Agrifurane Industries Private Limited | ₹737.04 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Tamil Nadu, India |
| Shri Sai Priya Sugars Limited | ₹736.57 Cr (FY 2022) | •••• | •••• | 10.0% | •••• | Bagalkot, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Devans Modern Breweries by revenue in the Food and Beverages industry (Alcoholic Beverages), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devans Modern Breweries Limited
Devans Modern Breweries Limited is audited by DOGRA ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DOGRA ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Devans Modern Breweries Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Devans Modern Breweries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Nov 2025 | Hdfc Bank Limited | ₹35 Cr | Open |
| 28 Feb 2019 | The Jammu and Kashmir Bank Limited | ₹24 Cr | Open |
| 18 Jun 2014 | The Jammu & Kashmir Bank | ₹45.4 Lakh | Open |
| 03 Sep 2012 | The Jammu and Kashmir Bank Limited | ₹20 Lakh | Open |
| 16 Jan 2006 | The Jammu and Kashmir Bank Limited | ₹80 Cr | Open |
Total charge records: 29 View all charges
Legal Cases of Devans Modern Breweries Limited
Devans Modern Breweries Limited has 165 court cases on record: 120 filed by Devans Modern Breweries, 29 filed against it, 16 where it is another party. 44 cases are pending and 121 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 97 | 23 | 31 |
| District courts | 68 | 6 | 13 |
Cases on record (5 of 165)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Cartel Bros Private Limited | Pending |
| District court, West, Delhi | Criminal case | Filed by the company against Dreams Unleashedmart Private Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Jagpin Breweries Ltd | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against Mount Everest Breweries Limited | Disposed |
| District court, Dehradun, Uttarakhand | Court case (Original Civil Suits) | Filed by the company against Doon Valley Brewers Private Limited | Disposed |
Full case history
All 165 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Devans Modern Breweries Limited
Devans Modern Breweries Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 2,526 overdue payments to 25 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Modern Packaging Concept Bari- Brahamana Jmu. | •••• | •••• | •••• |
| Modern Plastic Tubes Bari Brahmana Jammu | •••• | •••• | •••• |
| Crafts India Industries | •••• | •••• | •••• |
| Unipack Industries Jammu | •••• | •••• | •••• |
| Prime Paper Products & Allied Ind. Jammu | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Devans Modern Breweries Limited
Devans Modern Breweries Limited has a workforce of 537 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Devans Modern Breweries Limited
Devans Modern Breweries Limited has 15 board changes on record since 1982: 8 appointments and 7 cessations. The latest: Suman Kumar Gupta was appointed as Director on 23 Jun 2025.
67 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devans Modern Breweries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devans Modern Breweries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Devans Modern Breweries Limited
Devans Modern Breweries has 14 GST registrations: 9 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 01AAACD5814C3ZF | Jammu and Kashmir | Active | 08 Jul 2017 |
| 02AAACD5814C1ZF | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACD5814C1ZD | Punjab | Active | 01 Jul 2017 |
| 05AAACD5814C1Z9 | Uttarakhand | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Devans Modern Breweries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Devans Modern Breweries Limited
Frequently Asked Questions about Devans Modern Breweries Limited
Devans Modern Breweries is an active public limited company based in Jammu, Jammu And Kashmir, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 12 February 1963 (63+ years old) and is registered under CIN U15511JK1963PLC000273.
Devans Modern Breweries reported revenue of ₹805.81 Cr for FY 2024 (up 13% YoY).
Devans Modern Breweries has 8 current directors:
- Prem Narain Dewan - Managing Director
- Tilak Raj Gupta - Director
- Kewal Ratten Gupta - Director
- Renu Dewan - Director
- Kamal Kishore Gupta - Director
- Rajesh Dewan - Director
- Upinder Kumar Pachnanda - Director
- Suman Kumar Gupta - Director
Devans Modern Breweries reported a net profit of ₹43.58 Cr (net margin 5.4%) and EBITDA of ₹75.68 Cr (EBITDA margin 9.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devans Modern Breweries is 30% over three years and 26% over five years. In the latest year (FY 2024) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devans Modern Breweries is 01AAACD5814C3ZF, registered in Jammu and Kashmir. The company has 14 GST registrations in all, of which 9 are active and 5 are cancelled or inactive. Other active GSTINs include 02AAACD5814C1ZF (Himachal Pradesh), 03AAACD5814C1ZD (Punjab), 05AAACD5814C1Z9 (Uttarakhand).
The CIN (Corporate Identification Number) of Devans Modern Breweries is U15511JK1963PLC000273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devans Modern Breweries has 165 court cases on record: 120 filed by the company and 29 filed against it. 44 are pending. Most are in the high courts.
Devans Modern Breweries was incorporated on 12 February 1963, making it 63+ years old. It is registered with the Registrar of Companies, Jammu.
The peers of Devans Modern Breweries by revenue are Sri Sarvaraya Sugars Limited, Pioneer Industries Private Limited, Upper Ganges Sugar and Industries Limited, Svaksha Distillery Limited, NV Distilleries and Breweries Private Limited and 5 more, all in the Food and Beverages industry (Alcoholic Beverages).
Suman Kumar Gupta was appointed as Director on 23 Jun 2025. Renu Dewan ceased to be Additional Director on 29 Sep 2024. Renu Dewan was appointed as Director on 13 Jun 2024. Devans Modern Breweries has 15 board changes on record in total.
Devans Modern Breweries has 12 MSME Form 1 returns on record between 2019 and 2024, listing 2,526 overdue payments to 25 micro and small suppliers. The latest return was filed on 30 Apr 2024.