About Devkiran Paper Mills Private Limited
Data last updated:
Devkiran Paper Mills Private Limited is a private limited company based in Karnataka, India. It operates in the paper segment of the packaging sector. It was incorporated on 30 April 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02520KA1985PTC006879. Its GSTIN is 29AAACD7623H1ZM (Karnataka).
The company has an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹4.91 Cr. It was formerly known as South India Sacks Private Limited. It is led by directors including Ramakrishnasetty Hanumanthasetty Raja (Whole-Time Director) and Sreenivasa Hanumanthaiah Setty (Whole-Time Director).
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 Srimaruthinilaya Hunsurroad K.R.Nagar Karnataka., Karnataka, India – 571602.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.1 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹1.7 Cr (net margin -2.7%) and EBITDA of ₹1.39 Cr (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹45.39 Cr and satisfied charges of ₹26.37 Cr on record. Court records list 27 cases involving the company, including 13 filed by the company and 13 filed against it; 3 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 devkiranpaper.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSrimaruthinilaya Hunsurroad K.R.Nagar Karnataka., Karnataka, India – 571602
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
- 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
Business Activity of Devkiran Paper Mills Private Limited
The main business activity of Devkiran Paper Mills is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper 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 Devkiran Paper Mills Private Limited FY 2024 filings available
Devkiran Paper Mills Private Limited reported revenue of ₹63.1 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devkiran Paper Mills Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 10% fall in the latest year. EBITDA rose 484% 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 Devkiran Paper Mills Private 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 | ₹1.39 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.7 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 Devkiran Paper Mills Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.7% | •••• | •••• | •••• | •••• |
| 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 Devkiran Paper Mills 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.
Peer Comparison of Devkiran Paper Mills Private Limited
Devkiran Paper Mills Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atharva Corrugations Private Limited | ₹64.12 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Sagar Pulp & Paper Mills Limited | ₹63.96 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Muzaffarnagar, Uttar Pradesh, India |
| Mayura Packaging Private Limited | ₹63.84 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Coimbatore, Tamil Nadu, India |
| Shivani Trupack Private Limited | ₹63.5 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Indore, Madhya Pradesh, India |
| Vivala Cartons Pvt Ltd | ₹63.42 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Devkiran Paper Mills Private Limited this company | ₹63.1 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Karnataka, India |
| Vipul Overseas Private Limited | ₹63.06 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Delhi, India |
| Core Papertech LLP | ₹63 Cr (FY 2025) | •••• | •••• | •••• | Sitpur, Gujarat, India | |
| Bhadra Paper Mills Limited | ₹62.88 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Dhanuka Udyog Private Limited | ₹62.67 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Kolkata, West Bengal, India |
| Debnath Kagaj Udyog Private Limited | ₹62.11 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Devkiran Paper Mills by revenue in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging), 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 Devkiran Paper Mills Private Limited
Devkiran Paper Mills Private Limited is audited by B S Ravikumar and Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S Ravikumar and 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.
Board of Directors of Devkiran Paper Mills Private Limited
Devkiran Paper Mills has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramakrishnasetty Hanumanthasetty Raja | Whole-Time Director | 30 Apr 1985 | 41 Years 5 Months | Current |
| Sreenivasa Hanumanthaiah Setty | Whole-Time Director | 30 Apr 1985 | 41 Years 5 Months | Current |
| Raja Ramanujasetty Murali | Director | 02 Nov 2021 | 4 Years 11 Months | Current |
Ownership and Shareholding of Devkiran Paper Mills Private 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 Devkiran Paper Mills Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 2017 | Others | ₹45.39 Cr | Open |
| 16 Apr 2014 | Lakshmi Vilas Bank Limited | ₹2.12 Cr | Satisfied |
| 06 Feb 1996 | State Bank of India | ₹24.25 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Devkiran Paper Mills Private Limited
Devkiran Paper Mills Private Limited has 27 court cases on record: 13 filed by Devkiran Paper Mills, 13 filed against it, 1 where it is another party. 3 cases are pending and 24 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 12 | 1 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Sri Lakshmi Rosin Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Sri Lakshmi Rosin Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Sri Lakshmi Rosin Private Limited | Disposed |
Full case history
All 27 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.
Employees and EPFO Compliance at Devkiran Paper Mills Private Limited
Employment history and EPFO contributions of people linked to Devkiran Paper Mills.
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 Devkiran Paper Mills Private Limited
Devkiran Paper Mills Private Limited has 6 board changes on record since 1985: 3 appointments and 3 cessations. The latest: Raja Ramanujasetty Murali ceased to be Additional Director on 30 Nov 2021.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devkiran Paper Mills Private 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.
MSME Payment Delays by Devkiran Paper Mills Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devkiran Paper Mills Private 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 Devkiran Paper Mills Private Limited
Devkiran Paper Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACD7623H1ZM | Karnataka | 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 Devkiran Paper Mills Private 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.
Frequently Asked Questions about Devkiran Paper Mills Private Limited
Devkiran Paper Mills is an active private limited company based in Karnataka, India. The company works in paper, within the packaging industry. It was incorporated on 30 April 1985 (41+ years old) and is registered under CIN U02520KA1985PTC006879.
Devkiran Paper Mills reported revenue of ₹63.1 Cr for FY 2024 (down 10% YoY).
Devkiran Paper Mills has 3 current directors:
- Ramakrishnasetty Hanumanthasetty Raja - Whole-Time Director
- Sreenivasa Hanumanthaiah Setty - Whole-Time Director
- Raja Ramanujasetty Murali - Director
Devkiran Paper Mills reported a net loss of ₹1.7 Cr (net margin -2.7%) and EBITDA of ₹1.39 Cr (EBITDA margin 2.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devkiran Paper Mills is 2% over three years and -2% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devkiran Paper Mills is 29AAACD7623H1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Devkiran Paper Mills is U02520KA1985PTC006879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devkiran Paper Mills has 27 court cases on record: 13 filed by the company and 13 filed against it. 3 are pending. Most are in the district courts.
Devkiran Paper Mills was incorporated on 30 April 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devkiran Paper Mills by revenue are Atharva Corrugations Private Limited, Sagar Pulp & Paper Mills Limited, Mayura Packaging Private Limited, Shivani Trupack Private Limited, Vivala Cartons Pvt Ltd and 5 more, all in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging).
Raja Ramanujasetty Murali ceased to be Additional Director on 30 Nov 2021. Raja Hanumathasetty Ramanujasetty ceased to be Whole-Time Director on 02 Nov 2021. Raja Ramanujasetty Murali was appointed as Director on 02 Nov 2021. Devkiran Paper Mills has 6 board changes on record in total.