Dewa Properties Limited
About Dewa Properties Limited
Data last updated:
Dewa Properties Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 21 November 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15542TN1977PLC007402. Its GSTIN is 33AAACS5085Q1ZV (Tamil Nadu). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹12 Cr. It was formerly known as Spencer Estates Private Limited and Dewa Properties Private Limited. It is led by directors including Madhavan Shashi Kumar Nair (Managing Director) and Kerala Varma Chirakkalkovilakam.
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 Dewa Tower I 2nd Floor 770 – A Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.08 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Cr (net margin -102.6%) and EBITDA of -₹55.27 Lakh (EBITDA margin -51.1%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹12.66 Cr and satisfied charges of ₹5.75 Cr on record. Court records list 96 cases involving the company, including 36 filed by the company and 59 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressDewa Tower I 2nd Floor 770 – A Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryFinancial Services, Real Estate Financing
- 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 Dewa Properties Limited
The main business activity of Dewa Properties is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Dewa Properties Limited FY 2024 filings available
Dewa Properties Limited reported revenue of ₹1.08 Cr (down 94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Dewa Properties Limited
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 94% fall in the latest year. EBITDA fell 103% 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 Dewa Properties 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 | -₹55.27 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.11 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 Dewa Properties Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -102.6% | •••• | •••• | •••• | •••• |
| 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 Dewa Properties 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 Dewa Properties Limited
Dewa Properties Limited is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Border Land Hotels Private Limited | ₹1.08 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Amritsar -I, Punjab, India |
| Saurabh Textiles Pvt Ltd | ₹1.08 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Anna Investments Private Limited | ₹1.08 Cr (FY 2020) | •••• | •••• | 0.0% | •••• | Tamilnadu, Tamil Nadu, India |
| Swaraj Properties Pvt Ltd | ₹1.08 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Kolkata, West Bengal, India |
| Silverrock Capital Private Limited | ₹1.08 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Dewa Properties Limited this company | ₹1.08 Cr (FY 2024) | •••• | •••• | -94.0% | •••• | Chennai, Tamil Nadu, India |
| Green Tech Research Chem Private Limited | ₹1.08 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Navi Mumbai, Maharashtra, India |
| Sonal Infotech Private Limited | ₹1.08 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Thane, Maharashtra, India |
| Vrishavahana Infrastructures Private Limited | ₹1.08 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Purnea, Bihar, India |
| Nature Buildwell Private Limited | ₹1.08 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | New Delhi, Delhi, India |
| Shivam Home Designers Private Limited | ₹1.08 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Dewa Properties by revenue in the BFSI industry (Real Estate Leasing), 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 Dewa Properties Limited
Dewa Properties Limited is audited by T S Sivaramakrishnan & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T S Sivaramakrishnan & Co | 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 Dewa Properties Limited
Dewa Properties has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kerala Varma Chirakkalkovilakam Also directs: The Devashola Nilgiri Tea Estates Company Limited | Director | 11 May 2020 | 6 Years 4 Months | Current |
| Chakkolath Ramachandran | Director | 25 Apr 2022 | 4 Years 5 Months | Current |
| Madhavan Shashi Kumar Nair Also directs: Asset Sabari Properties Private Limited, Sabari Infra Private Limited, Kayem Exim Private Limited and 5 more | Managing Director | 09 Nov 2020 | 5 Years 10 Months | Current |
| Shivaani Shashi | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
| Thurusampalayam Karuppannan Palaniappan | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
| Jebamalai Xavier Terrance Rodrigo | Director | 07 Jul 2025 | 1 Years 3 Months | Current |
Ownership and Shareholding of Dewa Properties 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 Dewa Properties Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Dec 1987 | Canara Bank | ₹3.94 Cr | Open |
| 01 Jan 1983 | Canara Bank | ₹7.6 Cr | Open |
| 01 Jan 1983 | Canara Bank | ₹1.13 Cr | Open |
| 02 Nov 2000 | Icici Bank Ltd. | ₹3.8 Cr | Satisfied |
| 23 Feb 1987 | Canara Bank | ₹80 Lakh | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Dewa Properties Limited
Dewa Properties Limited has 96 court cases on record: 36 filed by Dewa Properties, 59 filed against it, 1 where it is another party. 14 cases are pending and 82 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 67 | 48 | 7 |
| District courts | 28 | 10 | 6 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 96)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Canara Bank Limited | Pending |
| Madras High Court | Revision petition | Filed against the company by The Canara Bank Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by The New India Assurance Company Limited | Pending |
| Madras High Court | Revision petition | Filed against the company by The New India Assurance Company Limited | Pending |
| District court, Chennai, Tamil Nadu | Court case (RCOP) | Filed by the company against The New India Assurance Company Limited | Pending |
Full case history
All 96 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 Dewa Properties Limited
Employment history and EPFO contributions of people linked to Dewa Properties.
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.
Name History of Dewa Properties Limited
Dewa Properties has undergone 5 name changes throughout its history. The current legal name is Dewa Properties Limited.
| Company Name | Status |
|---|---|
| Dewa Properties Limited | Current |
| Spencer Estates Private Limited | Previous |
| Dewa Properties Private Limited | Previous |
| Spencer Estates Limited | Previous |
| Spencer Estates And Retail Limited | Previous |
| Music World Entertainment Limited | Previous |
Recent Activity on Dewa Properties Limited
Dewa Properties Limited has 16 board changes on record since 2010: 6 appointments and 10 cessations. The latest: Jebamalai Xavier Terrance Rodrigo was appointed as Director on 07 Jul 2025.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dewa Properties 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 Dewa Properties 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 Dewa Properties 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 Dewa Properties Limited
Dewa Properties has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACS5085Q1ZV | Tamil Nadu | 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 Dewa Properties 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 Dewa Properties Limited
Dewa Properties is an active public limited company based in Chennai, Tamil Nadu, India. The company works in real estate financing, within the financial services industry. It was incorporated on 21 November 1977 (49+ years old) and is registered under CIN U15542TN1977PLC007402.
Dewa Properties reported revenue of ₹1.08 Cr for FY 2024 (down 94% YoY).
Dewa Properties has 6 current directors:
- Madhavan Shashi Kumar Nair - Managing Director
- Kerala Varma Chirakkalkovilakam - Director
- Chakkolath Ramachandran - Director
- Shivaani Shashi - Director
- Thurusampalayam Karuppannan Palaniappan - Director
- Jebamalai Xavier Terrance Rodrigo - Director
Dewa Properties reported a net loss of ₹1.11 Cr (net margin -102.6%) and EBITDA of -₹55.27 Lakh (EBITDA margin -51.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dewa Properties is -22% over three years and -25% over five years. In the latest year (FY 2024) revenue fell 94%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dewa Properties is 33AAACS5085Q1ZV, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Dewa Properties is U15542TN1977PLC007402. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dewa Properties has 96 court cases on record: 36 filed by the company and 59 filed against it. 14 are pending. Most are in the high courts.
Dewa Properties was incorporated on 21 November 1977, making it 49+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Dewa Properties by revenue are Border Land Hotels Private Limited, Saurabh Textiles Pvt Ltd, Anna Investments Private Limited, Swaraj Properties Pvt Ltd, Silverrock Capital Private Limited and 5 more, all in the BFSI industry (Real Estate Leasing).
Jebamalai Xavier Terrance Rodrigo was appointed as Director on 07 Jul 2025. Chakkolath Ramachandran was appointed as Director on 25 Apr 2022. Chakkolath Ramachandran ceased to be Director on 28 Mar 2022. Dewa Properties has 16 board changes on record in total.