Devon Plantations and Industries Limited
About Devon Plantations and Industries Limited
Data last updated:
Devon Plantations and Industries Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 21 December 1936 and has been in existence for over 90 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01132KA1936PLC002642. Its GSTIN is 29AAACD7869H1Z6 (Karnataka). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹29.76 Lakh. It is led by directors including Mammen Mappillai Kandathil Kuriyan (Managing Director) and Muthachen John Kuriyan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Empire Infantry 3rd Floor 29 Infantry Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.03 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹67.96 Lakh (net margin 6.2%) and EBITDA of ₹91.4 Lakh (EBITDA margin 8.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹2.79 Cr and satisfied charges of ₹40 Lakh on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Devon Plantations and Industries has one previous CIN (Corporate Identification Number): L01132KA1936PLC002642. The current CIN is U01132KA1936PLC002642, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01132KA1936PLC002642 | Current |
| L01132KA1936PLC002642 | Previous |
Contact details
Devon Plantations and Industries Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressEmpire Infantry 3rd Floor 29 Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Devon Plantations and Industries 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 Devon Plantations and Industries is agriculture, forestry, fishing. In detail, this covers production of crops and animals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals |
To see the full business activity and turnover split of Devon Plantations and Industries Limited, buy the company report.
Financials of Devon Plantations and Industries Limited
FY 2025 filings availableDevon Plantations and Industries Limited reported revenue of ₹11.03 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 189% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹91.4 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67.96 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Devon Plantations and Industries Limited, buy the company report.
Board of directors of Devon Plantations and Industries Limited
Devon Plantations and Industries has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Devon Plantations and Industries Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Plantations, Tea and Coffee), with the same principal business activity (production of crops and animals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thiashola Plantations Private Limited | ₹11.22 Cr (FY 2021) | -63.0% | Ooty, Tamil Nadu, India | |||
| Helembari Tea and Beverage Limited | ₹11.11 Cr (FY 2024) | -10.0% | Halem, Assam, India | |||
| Sengajan Tea Co Pvt Ltd | ₹11.04 Cr (FY 2025) | 18.0% | Guwahati, Assam, India | |||
| Devon Plantations and Industries Limitedthis company | ₹11.03 Cr (FY 2025) | ₹67.96 Lakh | 6.2% | 9.0% | 10 | Bangalore, Karnataka, India |
To see the full peer comparison of Devon Plantations and Industries Limited, buy the company report.
Auditor
Devon Plantations and Industries Limited is audited by Badari Madhusudhan & Srinivasan for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Badari Madhusudhan & Srinivasan | FY 2022 | 005389S |
Shareholding
The shareholding of Devon Plantations and Industries Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Devon Plantations and Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101155390 | Others | ₹21.45 Lakh | Open | |
| 27 Sep 2024 | 100998065 | Others | ₹2.5 Cr | Open | |
| 12 Jul 1991 | 90195042 | State Bank of Travancore | ₹6 Lakh | Open | |
| 15 Dec 1988 | 90190363 | Devon Financial Services Ltd | ₹1.3 Lakh | Open | |
| 16 Feb 1993 | 90195114 | State Bank of Mysore | ₹40 Lakh | Satisfied |
To see the full charge records of Devon Plantations and Industries Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Devon Plantations and Industries Limited has 10 court cases on record: 8 filed by Devon Plantations and Industries, 2 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 0 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against National Stock Exchange of India Ltd., and 2 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Government of Karnataka | Disposed |
| District court, CHIKKAMAGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Tax appeal | Filed by the company against The Dy. Commissioner of Income Tax | Disposed |
| District court, CHIKKAMAGALURU, Karnataka | Court case (ECA) | Filed against the company by an individual | Disposed |
To see the full case history of Devon Plantations and Industries 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 Devon Plantations and Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Devon Plantations and Industries has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| G Mart Limited | U51909KL1996PLC009894 |
To see the full group structure of Devon Plantations and Industries Limited, buy the company report.
Employees & EPFO
Devon Plantations and Industries Limited has a workforce of 10 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Devon Plantations and Industries has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACD7869H1Z6 | Karnataka | Active | 01 Jul 2017 |
| 33AAACD7869H2ZG | Tamil Nadu | Active | 26 Mar 2018 |
| 32AAACD7869H2ZI | Kerala | Active | 20 Apr 2018 |
To see the full GST registrations and return filing status of Devon Plantations and Industries Limited, buy the company report.
Recent activity
Devon Plantations and Industries Limited has 11 board changes on record since 1973: 7 appointments and 4 cessations. The latest: Mammen Mappillai Kandathil Kuriyan ceased to be Additional Director on 31 Dec 2023.
9 earlier events are in the company report.
Frequently asked questions
Devon Plantations and Industries is an active public limited company based in Bangalore, Karnataka, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 21 December 1936 (90+ years old) and is registered under CIN U01132KA1936PLC002642.
Devon Plantations and Industries has 6 current directors:
- Mammen Mappillai Kandathil Kuriyan - Managing Director
- Muthachen John Kuriyan - Director
- Palampadam Thomas Joseph - Director
- Peter Philip - Director
- Jacob Mammen - Director
- Mammen Mathew - Director
The latest financial statements of Devon Plantations and Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devon Plantations and Industries is 29AAACD7869H1Z6, registered in Karnataka. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 33AAACD7869H2ZG (Tamil Nadu), 32AAACD7869H2ZI (Kerala).
The CIN (Corporate Identification Number) of Devon Plantations and Industries is U01132KA1936PLC002642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devon Plantations and Industries has 10 court cases on record: 8 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Devon Plantations and Industries was incorporated on 21 December 1936, making it 90+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devon Plantations and Industries by revenue are Thiashola Plantations Private Limited, Helembari Tea and Beverage Limited, Sengajan Tea Co Pvt Ltd, all in the Agriculture industry (Plantations, Tea and Coffee), with the same principal business activity (production of crops and animals).
Mammen Mappillai Kandathil Kuriyan ceased to be Additional Director on 31 Dec 2023. Mammen Mappillai Kandathil Kuriyan was appointed as Managing Director on 20 Dec 2023. Roshin Varghese was appointed as Nodal Officer on 12 Sep 2019. Devon Plantations and Industries has 11 board changes on record in total.
The registered office of Devon Plantations and Industries is at Empire Infantry 3rd Floor 29 Infantry Road, Bangalore, Karnataka, India – 560001.
Devon Plantations and Industries operates in the agriculture industry, in the tea and coffee processing segment.