India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #25 Ravi Jaipuria & family ₹97,300 Cr
- #941 Devyani Jaipuria & Family ₹3,100 Cr
Revenue · FY 2025
₹1,110.23 Cr
▲ 1% YoY
Net loss · FY 2025
₹66.67 Cr
Net margin -6%
EBITDA · FY 2025
₹92.86 Cr
EBITDA margin 8.4%
Authorised capital
₹60 Cr
Registered with MCA
Paid-up capital
₹50.63 Cr
Issued & subscribed
Open charges
₹1,596.81 Cr
Satisfied ₹4,503.42 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
1,438
Provident fund records
About Devyani Food Industries Limited
Data last updated:
Devyani Food Industries Limited is a public limited company based in New Delhi, Delhi, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 14 November 1991 and has been in existence for over 35 years.
Its director Ravi Jaipuria and family are #25 among India's richest people (2026). Its director Devyani Jaipuria and Family is #941 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1991PLC046403. Its GSTIN is 07AABCD7572N1Z6 (Delhi). The company holds 28 GST registrations, of which 26 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹50.63 Cr. It was formerly known as Devyani Food Industries Private Limited and Shri Hanuman Traders Private Limited. It is led by directors including Pawan Agarwal (Whole-Time Director) and Devyani Jaipuria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at F – 2/7 Okhla Industrial Areaphase I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,110.23 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹66.67 Cr (net margin -6%) and EBITDA of ₹92.86 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.
The company has about 1,438 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Creambell. As per MCA filings, the company has open charges of ₹1,596.81 Cr and satisfied charges of ₹4,503.42 Cr on record. Court records list 155 cases involving the company, including 106 filed by the company and 49 filed against it; 63 cases are pending. The company has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹656.43 Cr; the latest was in August 2021. Its 8 peer companies in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is SMC Foods Limited with revenue of ₹1,297.56 Cr. The company has 18 MSME Form 1 returns on record between 2019 and 2024, listing 1,468 overdue payments to 154 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website creambell.com.
Company details
CIN U74899DL1991PLC046403
Registration Number 046403
Incorporation Date 14 November 1991
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Devyani Food Industries has undergone 2 name changes throughout its history. The company was previously known as Devyani Food Industries Private Limited, and Shri Hanuman Traders Private Limited. The current legal name is Devyani Food Industries Limited.
| Company Name | Status |
|---|---|
| Devyani Food Industries Limited | Current |
| Devyani Food Industries Private Limited | Previous |
| Shri Hanuman Traders Private Limited | Previous |
CIN history
Devyani Food Industries has one previous CIN (Corporate Identification Number): U74899DL1991PTC046403. The current CIN is U74899DL1991PLC046403, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1991PLC046403 | Current |
| U74899DL1991PTC046403 | Previous |
Key People
Pawan Agarwal Whole-Time Director Devyani Jaipuria Whole-Time Director Prashant Purker Director Recognitions & Rankings of Devyani Food Industries
Contact details
Devyani Food Industries Limited's registered office is in New Delhi, Delhi. Its website is creambell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressF – 2/7 Okhla Industrial Areaphase I, New Delhi, Delhi, India – 110020
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Devyani Food Industries Limited, buy the company report.
Comprehensive company report
Devyani Food Industries Limited - one report that includes everything
- 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
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Brands
Devyani Food Industries operates one associated brand: Creambell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and sells ice-creams, whip toppings, and dairy beverages for consumers. | creambell.com |
Business activity
The main business activities of Devyani Food Industries are manufacturing, trade and professional, scientific and technical. In detail, this covers food, beverages and tobacco products, retail trading and management consultancy activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Devyani Food Industries Limited, buy the company report.
Financials of Devyani Food Industries Limited
FY 2025 filings availableDevyani Food Industries Limited reported revenue of ₹1,110.23 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹1,110.23 Cr ▲ 1%
Net loss · FY 2025
₹66.67 Cr margin -6%
EBITDA · FY 2025
₹92.86 Cr margin 8.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 60%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 1% growth in the latest year. EBITDA rose 40% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹92.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.67 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 8.4% | ||||
| Net Profit Margin | -6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Devyani Food Industries Limited, buy the company report.
Board of directors of Devyani Food Industries Limited
Devyani Food Industries has 8 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Purker Also directs: Devyani International Limited, Assert Securetech Private Limited | Director | 26 Oct 2021 | 5 Years 0 Months | Current |
| Raj Pal Gandhi Also directs: Devyani International Limited, Varun Beverages Limited, Kiva Spirits and Company Limited and 5 more | Director | 25 Oct 2010 | 16 Years 0 Months | Current |
| Ravi Kant Jaipuria Also directs: Devyani International Limited, Varun Beverages Limited, Kiva Spirits and Company Limited and 3 more | Director | 25 Oct 2010 | 16 Years 0 Months | Current |
| Dhara Jaipuria | Director | 20 Mar 2015 | 11 Years 7 Months | Current |
| Pawan Agarwal Also directs: Accor Realcon Private Limited, PSV Reality Private Limited, Nature Blessings Infrastructure Private Limited and 2 more | Whole-Time Director | 11 Sep 2023 | 3 Years 1 Months | Current |
| Rashmi Dhariwal Also directs: Devyani International Limited, Varun Beverages Limited, Sky Gate Hospitality Private Limited and 5 more | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Devyani Food Industries Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SMC Foods Limited | ₹1,297.56 Cr (FY 2025) | 23.0% | Uttar Pradesh, India | |||
| Govind Milk and Milk Products Private Limited | ₹1,292.06 Cr (FY 2025) | 6.0% | Satara, Maharashtra, India | |||
| Bhole Baba Milk Food Industries (Dholpur) Private Limited. | ₹1,278.14 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Vadilal Industries Limited | ₹1,255.4 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Devyani Food Industries Limitedthis company | ₹1,110.23 Cr (FY 2025) | -₹66.67 Cr | -6% | 1.0% | 1,438 | New Delhi, Delhi, India |
| Kute Sons Dairys Limited | ₹1,105.64 Cr (FY 2022) | 19.0% | Satara, Maharashtra, India | |||
| Red Cow Dairy Private Limited | ₹1,091.34 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Havmor Ice Cream Private Limited | ₹1,045.55 Cr (FY 2024) | 6.0% | Ahmedabad, Gujarat, India | |||
| Keventer Agro Ltd. | ₹1,033.13 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Devyani Food Industries Limited, buy the company report.
Auditor
Devyani Food Industries Limited is audited by O P Bagla & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O P Bagla & Co LLP | FY 2023 | 000018N/N500091 |
Shareholding
The shareholding of Devyani Food Industries 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 Devyani Food Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹1,596.81 Cr
Satisfied charges
₹4,503.42 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101184296 | Others | ₹200 Cr | Open | |
| 26 Aug 2025 | 101158083 | Others | ₹50 Cr | Open | |
| 09 Apr 2025 | 101094712 | Others | ₹98.5 Cr | Open | |
| 10 Mar 2025 | 101073523 | Others | ₹25 Cr | Open | |
| 15 Dec 2023 | 100841028 | Hdfc Bank Limited | ₹14.58 Cr | Open |
To see the full charge records of Devyani Food Industries Limited, buy the company report.
Total charge records: 83 View all charges
Deals & funding
Devyani Food Industries Limited has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹656.43 Cr; the latest was in August 2021.
Total deals
11
Funding rounds
5
Secondary share transfers
5
Acquisition
1
Disclosed funding
₹656.43 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹481.44 Cr | Investors: RJ Corp Limited , 2 individuals |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Ravi Kant Jaipuria & Sons (HUF) Seller: RJ Corp Limited |
| Sep 2019 | Funding round | ₹100 Cr | Investors: RJ Corp Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: RJ Corp Limited , D. J. Agri Industries Private Limited , Shabnam Properties Private Limited Seller: Devyani Enterprise Private Limited, Devyani Overseas Private Limited |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: RJ Corp Limited Seller: Devyani Overseas Private Limited , Devyani Enterprise Private Limited |
To see the full deal history of Devyani Food Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devyani Food Industries Limited has 155 court cases on record: 106 filed by Devyani Food Industries, 49 filed against it. 63 cases are pending and 92 are disposed.
Total cases
155
Filed by the company
106
Filed against the company
49
Pending
63
Disposed
92
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 109 | 30 | 51 |
| High courts | 46 | 19 | 12 |
Cases on record (5 of 155)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Revision petition | Filed against the company by VJ Jindal Cocoa Pvt Ltd | Pending |
| District court, Samba, Jammu and Kashmir | Court case (Recovery Suit) | Filed against the company by V.J.Jindal Cocoa Pvt.Ltd | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Vec Chocolate Machines Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S Ensure Innovations Pvt. Ltd. and Ors. | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by M/S Trimurti Corns Agro Foods (P) Ltd. and Ors. and 2 others | Disposed |
To see the full case history of Devyani Food 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.
Credit ratings & regulatory alerts
Devyani Food Industries Limited was last rated by Care on 31 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Mar 2022 |
To see the full credit ratings and regulatory alerts of Devyani Food Industries Limited, buy the company report.
MSME payment delays
Devyani Food Industries Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 1,468 overdue payments to 154 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 154)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Compac Technologies India Limited | |||
| SRV Global Freight Private Limited |
To see the full MSME payment records of Devyani Food Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Devyani Food Industries Limited has a workforce of 1,438 employees on its EPFO records as of May 20, 2024, across 6 active EPFO establishments.
Employee count
1,438
Active EPFO establishments
6
Employee growth
12.26%
GST
Devyani Food Industries has 28 GST registrations: 26 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
28
Active
26
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCD7572N1Z6 | Delhi | Active | 01 Jul 2017 |
| 02AABCD7572N1ZG | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCD7572N1ZE | Punjab | Active | 01 Jul 2017 |
| 04AABCD7572N1ZC | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devyani Food Industries Limited, buy the company report.
Recent activity
Devyani Food Industries Limited has 40 board changes on record since 2005: 24 appointments and 16 cessations. The latest: Sudhir Harishchandra Chavan ceased to be CEO on 04 Sep 2024.
Charges
A charge with Others of Rs. 1,066.96 Cr registered on 19 Feb 2022 with Charge ID 100540902 was modified on 03 Dec 2025.
Charges
A charge registered on 16 Jan 2025 via Charge ID 101037720 with Others was fully satisfied on 11 Nov 2025.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101184296 was registered on 29 Sep 2025.
AGM
Devyani Food Industries Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101158083 was registered on 26 Aug 2025.
Charges
A charge with Others of Rs. 98.50 Cr registered on 09 Apr 2025 with Charge ID 101094712 was modified on 09 Jul 2025.
Charges
A charge registered on 14 Aug 2024 via Charge ID 100967543 with Others was fully satisfied on 19 Apr 2025.
Charges
A charge registered on 28 Mar 2024 via Charge ID 100899851 with Others was fully satisfied on 17 Apr 2025.
Charges
A charge with Others amounted to Rs. 98.50 Cr with Charge ID 101094712 was registered on 09 Apr 2025.
Filing
Devyani Food Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101073523 was registered on 10 Mar 2025.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101037720 was registered on 16 Jan 2025.
227 earlier events are in the company report.
Frequently asked questions
Devyani Food Industries is an active public limited company based in New Delhi, Delhi, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 14 November 1991 (35+ years old) and is registered under CIN U74899DL1991PLC046403.
Devyani Food Industries has 8 current directors:
- Pawan Agarwal - Whole-Time Director
- Devyani Jaipuria - Whole-Time Director
- Prashant Purker - Director
- Raj Pal Gandhi - Director
- Ravi Kant Jaipuria - Director
- Dhara Jaipuria - Director
- Rashmi Dhariwal - Director
- Girish Kumar Ahuja - Director
The latest financial statements of Devyani Food Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devyani Food Industries is 07AABCD7572N1Z6, registered in Delhi. The company has 28 GST registrations in all, of which 26 are active and 2 are cancelled or inactive. Other active GSTINs include 02AABCD7572N1ZG (Himachal Pradesh), 03AABCD7572N1ZE (Punjab), 04AABCD7572N1ZC (Chandigarh).
The CIN (Corporate Identification Number) of Devyani Food Industries is U74899DL1991PLC046403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devyani Food Industries has 155 court cases on record: 106 filed by the company and 49 filed against it. 63 are pending. Most are in the district courts.
Devyani Food Industries was incorporated on 14 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.
Devyani Food Industries has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹656.43 Cr; the latest was in August 2021.
The peers of Devyani Food Industries by revenue are SMC Foods Limited, Govind Milk and Milk Products Private Limited, Bhole Baba Milk Food Industries (Dholpur) Private Limited, Vadilal Industries Limited, Kute Sons Dairys Limited and 3 more, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Sudhir Harishchandra Chavan ceased to be CEO on 04 Sep 2024. Chandra Kant Bhardwaj ceased to be Whole-Time Director on 11 Sep 2023. Pawan Agarwal was appointed as Whole-Time Director on 11 Sep 2023. Devyani Food Industries has 40 board changes on record in total.
Devyani Food Industries has 18 MSME Form 1 returns on record between 2019 and 2024, listing 1,468 overdue payments to 154 micro and small suppliers. The latest return was filed on 01 May 2024.
Devyani Food Industries can be reached through the website creambell.com. Its registered office is in New Delhi, Delhi, India.