About Devon Foods Limited
Data last updated:
Devon Foods Limited is a public limited company based in Kottayam, Kerala, India. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 17 October 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U15400KL1997PLC070240. Its GSTIN is 32AAACD8528M1ZI (Kerala). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Ratanlal Jain Bafna (Managing Director) and Manish Jain Bafna.
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 Kottayam, Kerala.
As per the financials filed for FY 2023, the company reported a revenue of ₹98.55 Cr. For the same year it recorded a net profit of ₹4.42 Cr (net margin 4.5%) and EBITDA of ₹7.23 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 10% over five years.
The company has about 206 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.3 Cr and satisfied charges of ₹5.95 Cr on record. Court records list 11 cases involving the company, including 11 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devonfood.com.
Company details
CIN history
Devon Foods has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U15400KL1997PLC070240, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15400KL1997PLC070240 | Current |
| U15400KA1997PLC022907 | Previous |
| U85110KA1997PLC022907 | Previous |
Contact details
Devon Foods Limited's registered office is in Kottayam, Kerala. Its website is devonfood.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor No.V/732, Industrial Estate, Kottayam, Kerala, India – 686631
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Devon Foods 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
Financials of Devon Foods Limited
FY 2024 filings availableDevon Foods Limited reported revenue of ₹98.55 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹98.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.42 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 4.5% | ||||
| 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 Devon Foods Limited, buy the company report.
Board of directors of Devon Foods Limited
Devon Foods has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Jain Bafna Also directs: Seles Enterprises Pvt Ltd, Devalaksh Global Foods Private Limited | Director | 23 Mar 2009 | 17 Years 7 Months | Current |
| Manju Bafna Jain Also directs: Seles Enterprises Pvt Ltd | Director | 23 Mar 2009 | 17 Years 7 Months | Current |
| Ratanlal Jain Bafna Also directs: Seles Enterprises Pvt Ltd, Devalaksh Global Foods Private Limited | Managing Director | 23 Mar 2009 | 17 Years 7 Months | Current |
Auditor
Devon Foods Limited is audited by KALLUKALAM AND CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALLUKALAM AND CO. | FY 2023 | 011248S |
Shareholding
The shareholding of Devon Foods Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devon Foods Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2025 | 101161044 | Others | ₹2 Cr | Open | |
| 01 Dec 2023 | 100826244 | Others | ₹1 Cr | Open | |
| 21 Nov 2016 | 100072227 | Others | ₹1 Cr | Open | |
| 21 Nov 2016 | 100072224 | Others | ₹6.6 Cr | Open | |
| 21 Nov 2016 | 100072229 | Others | ₹1.7 Cr | Open |
To see the full charge records of Devon Foods Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Devon Foods Limited has 11 court cases on record: 11 filed by Devon Foods. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kottayam, Kerala | Criminal case | Filed by the company against an individual | Disposed |
| District court, Kottayam, Kerala | Criminal case | Filed by the company against an individual | Disposed |
| District court, Kottayam, Kerala | Criminal case | Filed by the company against an individual | Disposed |
| District court, Kottayam, Kerala | Criminal case | Filed by the company against an individual | Disposed |
| District court, Kottayam, Kerala | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Devon Foods 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.
Credit ratings & regulatory alerts
Devon Foods Limited was last rated by Crisil on 16 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Jun 2021 |
To see the full credit ratings and regulatory alerts of Devon Foods Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Devon Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devon Foods Limited has a workforce of 206 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Devon Foods has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACD8528M1ZI | Kerala | Active | 01 Jul 2017 |
| 32AAJCG4615M1ZI | Kerala | Active | 17 Dec 2021 |
| 33AAJCG4615M1ZG | Tamil Nadu | Active | 21 Dec 2021 |
| 29AAJCG4615M1Z5 | Karnataka | Active | 06 Jun 2022 |
To see the full GST registrations and return filing status of Devon Foods Limited, buy the company report.
Recent activity
Devon Foods Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Bobby Jacob Marcose ceased to be Director on 30 Sep 2009.
17 earlier events are in the company report.
Frequently asked questions
Devon Foods is an active public limited company based in Kottayam, Kerala, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 17 October 1997 (29+ years old) and is registered under CIN U15400KL1997PLC070240.
Devon Foods has 3 current directors:
- Ratanlal Jain Bafna - Managing Director
- Manish Jain Bafna - Director
- Manju Bafna Jain - Director
The latest financial statements of Devon Foods 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 Devon Foods is 32AAACD8528M1ZI, registered in Kerala. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 32AAJCG4615M1ZI (Kerala), 33AAJCG4615M1ZG (Tamil Nadu), 29AAJCG4615M1Z5 (Karnataka).
The CIN (Corporate Identification Number) of Devon Foods is U15400KL1997PLC070240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devon Foods has 11 court cases on record: 11 filed by the company. Most are in the district courts.
Devon Foods was incorporated on 17 October 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ernakulam.
Bobby Jacob Marcose ceased to be Director on 30 Sep 2009. Manish Jain Bafna ceased to be Additional Director on 30 Sep 2009. Manju Bafna Jain ceased to be Additional Director on 30 Sep 2009. Devon Foods has 9 board changes on record in total.
Devon Foods can be reached through the website devonfood.com. Its registered office is in Kottayam, Kerala, India.
The registered office of Devon Foods is at Door No.V732, Industrial Estate, Kottayam, Kerala, India – 686631.