Dharampal Satyapal Limited

Dharampal Satyapal Limited - travel and hospitality in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U52110DL1989PLC038613 Incorporated 11 December 1989 ROC Delhi HQ New Delhi, Delhi, India
Active Public Limited Company travel and hospitality
Data last updated
Revenue · FY 2025
₹5,913.95 Cr
▼ 1% YoY
Net profit · FY 2025
₹323.72 Cr
Net margin 5.5%
EBITDA · FY 2025
₹599.44 Cr
EBITDA margin 10.1%
Authorised capital
₹228.5 Cr
Registered with MCA
Paid-up capital
₹24.05 Cr
Issued & subscribed
Open charges
₹2,726.2 Cr
Satisfied ₹2,413.28 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
3,278
Provident fund records

About Dharampal Satyapal Limited

Data last updated:

Dharampal Satyapal Limited is a public limited company based in New Delhi, Delhi, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 11 December 1989 and has been in existence for over 37 years.

Its director Ravinder Kumar and family are #263 among India's richest people (2026). Its director Rajiv Kumar and family are #263 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52110DL1989PLC038613. Its GSTIN is 07AAACD0132H1ZA (Delhi). The company holds 36 GST registrations, of which 23 are active.

The company has an authorised share capital of ₹228.5 Cr and a paid-up capital of ₹24.05 Cr. It was formerly known as Dharampal Satyapal Private Limited. It is led by directors including Pawan Kumar Goyal (Whole-Time Director) and Puesh Kumar Gupta (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 98 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.

As per the financials filed for FY 2025, the company reported a revenue of ₹5,913.95 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹323.72 Cr (net margin 5.5%) and EBITDA of ₹599.44 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.

The company has about 3,278 employees on its provident fund (EPFO) records. Its group structure includes 57 subsidiaries and 1 joint venture.

The company is associated with 2 brands: OvinO and DS Group. As per MCA filings, the company has open charges of ₹2,726.2 Cr and satisfied charges of ₹2,413.28 Cr on record. Court records list 707 cases involving the company, including 450 filed by the company and 257 filed against it; 86 cases are pending. The company has 23 deals on record (22 secondary share transfers, 1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in March 2024. Its 6 peer companies in the FMCG industry (Milk and Dairy Products, Tobacco Products), with the same principal business activity (manufacture of food products) are compared by revenue, 3 larger and 3 smaller; the largest is Nestle India Limited with revenue of ₹20,260 Cr. The company has 17 MSME Form 1 returns on record between 2018 and 2024, listing 2,472 overdue payments to 361 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 dsgroup.com.

Company details

CIN U52110DL1989PLC038613
Registration Number 038613
Incorporation Date 11 December 1989
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Pawan Kumar Goyal Whole-Time Director Puesh Kumar Gupta Whole-Time Director Chander Kant Sharma Whole-Time Director

Recognitions & Rankings of Dharampal Satyapal

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#394
Valuation
₹13,190 Cr
2023 #419 2022 #400 2021 #445

Contact details

Dharampal Satyapal Limited's registered office is in New Delhi, Delhi. Its website is dsgroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    dsgroup.com
  • Social Media
  • Registered Address
    98 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
  • Industry
    Travel and Hospitality, Hotel & Accommodation Services

To see the full contact details of Dharampal Satyapal Limited, buy the company report.

Comprehensive company report
Dharampal Satyapal 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

Dharampal Satyapal operates two associated brands: OvinO and DS Group. Each brand links to its own profile.

BrandDescriptionWebsite
OvinO
Provides fresh dairy and daily necessities through direct farm-to-home delivery.ovino.in
DS Group
DS Group is recognized as a leading FMCG conglomerate in India.dsgroup.com

Business activity

The main business activity of Dharampal Satyapal is manufacturing. In detail, this covers manufacture of food products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing10Manufacture of food products

To see the full business activity and turnover split of Dharampal Satyapal Limited, buy the company report.

Financials of Dharampal Satyapal Limited

FY 2025 filings available

Dharampal Satyapal Limited reported revenue of ₹5,913.95 Cr (down 1% YoY) for FY 2025.

Revenue · FY 2025
₹5,913.95 Cr ▼ 1%
Net profit · FY 2025
₹323.72 Cr margin 5.5%
EBITDA · FY 2025
₹599.44 Cr margin 10.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 13%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 4%
5 years · compounded
▲ 1%

Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 26% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹5,913.95 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹599.44 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹323.72 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.1%
Net Profit Margin5.5%
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 Dharampal Satyapal Limited, buy the company report.

Board of directors and KMP of Dharampal Satyapal Limited

Dharampal Satyapal Limited currently reports 13 directors and 1 key managerial person. 31 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Sanjay Aneja
Also directs: DS Tradex Limited
Cfo11 Nov 20224 Years 0 MonthsCurrent
Pawan Kumar GoyalWhole-Time Director30 Sep 20215 Years 1 MonthsCurrent
Shuchi KhandelwalDirector12 Nov 20205 Years 11 MonthsCurrent
Ravi Gupta
Also directs: Devyani International Limited, Varun Beverages Limited, Epack Durable Limited and 5 more
Director15 Nov 20196 Years 11 MonthsCurrent
Puesh Kumar Gupta
Also directs: DS Chewing Products LLP, Mountmine Extraction LLP, DS Arboriculture and Farms LLP and 5 more
Whole-Time Director15 Dec 198936 Years 10 MonthsCurrent
Chander Kant SharmaWhole-Time Director01 May 201115 Years 6 MonthsCurrent
Showing 6 of 14 current directors and KMP. View all directors and KMP

Peer comparison

Dharampal Satyapal Limited is compared with the 6 companies closest to it by revenue in the FMCG industry (Milk and Dairy Products, Tobacco Products), with the same principal business activity (manufacture of food products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Nestle India Limited₹20,260 Cr (FY 2025)-17.0%New Delhi, Delhi, India
Mother Dairy Fruit and Vegetable Private Limited₹17,387 Cr (FY 2025)16.0%Delhi, India
Hatsun Agro Product Limited₹8,719.32 Cr (FY 2025)9.0%Chennai, Tamil Nadu, India
Dharampal Satyapal Limitedthis company₹5,913.95 Cr (FY 2025)₹323.72 Cr5.5%-1.0%3,278New Delhi, Delhi, India
Heritage Foods Limited₹3,805.87 Cr (FY 2024)17.0%Hyderabad, Telangana, India
Dodla Dairy Limited₹3,773.36 Cr (FY 2025)20.0%Hyderabad, Telangana, India
Parag Milk Foods Limited₹3,472.46 Cr (FY 2025)10.0%Pune, Maharashtra, India

To see the full peer comparison of Dharampal Satyapal Limited, buy the company report.

Auditor

Dharampal Satyapal Limited is audited by JAIN SINGHAL & ASSOCIATES LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
JAIN SINGHAL & ASSOCIATES LLPFY 2025027706N/C400013

Shareholding

The shareholding of Dharampal Satyapal Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2025FY 2024FY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Dharampal Satyapal Limited, buy the company report.

Charges & borrowings

Open charges
₹2,726.2 Cr
Satisfied charges
₹2,413.28 Cr
Breakdown by lending institutions
Others₹1,626.20 Cr
Axis Bank Limited₹410.00 Cr
Hdfc Bank Limited₹280.00 Cr
Indian Bank₹150.00 Cr
The Hongkong and Shanghai Banking Corporation Limited₹150.00 Cr
Others₹110.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Apr 2025101090989Others₹160 CrOpen
05 Mar 2025101070414Others₹480 CrOpen
29 Oct 2024101002795Others₹50 CrOpen
14 Aug 2024100969661Others₹100 CrOpen
12 Jun 2024100942747Others₹50 CrOpen

To see the full charge records of Dharampal Satyapal Limited, buy the company report.

Total charge records: 77 View all charges

Deals & funding

Dharampal Satyapal Limited has 23 deals on record (22 secondary share transfers, 1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in March 2024.

Total deals
23
Secondary share transfers
22
Funding round
1
Disclosed funding
₹2.23 Cr

Deals on record (5 of 23)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedSeller: Satya Foundation, 3 individuals
Sep 2023Secondary share transferUndisclosedBuyer: an individual
Seller: Smsk Foundation
Mar 2023Secondary share transferUndisclosedBuyer: Suruchi Foundation, Smsk Foundation, Swati Foundation, an individual
Seller: Swati Foundation, Satya Foundation, Suruchi Foundation, an individual
Jul 2022Secondary share transferUndisclosedSeller: Satya Foundation, 3 individuals
Mar 2022Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual

To see the full deal history of Dharampal Satyapal Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Dharampal Satyapal Limited was last rated by Icra on 31 May 2022.

Rating agencyRated onRating
Icra31 May 2022

To see the full credit ratings and regulatory alerts of Dharampal Satyapal Limited, buy the company report.

MSME payment delays

Dharampal Satyapal Limited has 17 MSME Form 1 returns on record between 2018 and 2024, listing 2,472 overdue payments to 361 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 361)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Vinay Associates Distributors Private Limited
Orbit Healthcare Anddiagnostic Center

To see the full MSME payment records of Dharampal Satyapal Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Dharampal Satyapal has 57 subsidiary companies and 1 joint venture. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

57
Subsidiary companies
1
Joint ventures
Key subsidiaries
Company NameCINShares held
Waves Realtors Private LimitedU00500DL2005PTC138377
DS Farms and Estates LimitedU01100DL2010PLC206418
Vivify Farming Private LimitedU01100DL2018PTC342761
Floriculture Farms Private LimitedU01100DL2020PTC368909
Viticulture Farming Private LimitedU01100DL2020PTC368940
Farmlocal Farming Private LimitedU01100DL2020PTC369586

To see the full group structure of Dharampal Satyapal Limited, buy the company report.

Employees & EPFO

Dharampal Satyapal Limited has a workforce of 3,278 employees on its EPFO records as of May 2026, across 10 active EPFO establishments.

Employee count
3,278
Active EPFO establishments
10
Employee growth
-2.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-273,278
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Dharampal Satyapal Limited, buy the company report.

GST

Dharampal Satyapal has 36 GST registrations: 23 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
36
Active
23
Cancelled / inactive
13
GSTINStateStatusRegistered on
07AAACD0132H1ZADelhiActive01 Jul 2017
02AAACD0132H1ZKHimachal PradeshActive01 Jul 2017
06AAACD0132H1ZCHaryanaActive01 Jul 2017
08AAACD0132H1Z8RajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Dharampal Satyapal Limited, buy the company report.

Recent activity

Dharampal Satyapal Limited has 46 board changes on record since 1989: 16 appointments and 30 cessations. The latest: Gajendra Singh Raghav ceased to be Additional Director on 09 Oct 2024.

AGM
Dharampal Satyapal Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Apr 2022 via Charge ID 100574778 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 10 Sep 2025.
Charges
A charge with Others of Rs. 480.00 Cr registered on 05 Mar 2025 with Charge ID 101070414 was modified on 11 Jul 2025.
Charges
A charge with Others of Rs. 160.00 Cr registered on 23 Apr 2025 with Charge ID 101090989 was modified on 10 Jul 2025.
Charges
A charge with Others amounted to Rs. 160.00 Cr with Charge ID 101090989 was registered on 23 Apr 2025.
Charges
A charge registered on 09 Feb 2022 via Charge ID 100553686 with Hdfc Bank Limited was fully satisfied on 22 Apr 2025.
Filing
Dharampal Satyapal Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
A charge with Others amounted to Rs. 480.00 Cr with Charge ID 101070414 was registered on 05 Mar 2025.
Charges
A charge with Others of Rs. 43.10 Cr registered on 27 Apr 2022 with Charge ID 100569188 was modified on 07 Jan 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101002795 was registered on 29 Oct 2024.
Charges
A charge with Others of Rs. 50.00 Cr registered on 09 Feb 2022 with Charge ID 100536861 was modified on 29 Oct 2024.
Ceased
Gajendra Singh Raghav ceased to be Additional Director.

206 earlier events are in the company report.

News

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Frequently asked questions

Dharampal Satyapal is an active public limited company based in New Delhi, Delhi, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 11 December 1989 (37+ years old) and is registered under CIN U52110DL1989PLC038613.

Dharampal Satyapal has 14 current directors and KMP:

The latest financial statements of Dharampal Satyapal on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Dharampal Satyapal is 07AAACD0132H1ZA, registered in Delhi. The company has 36 GST registrations in all, of which 23 are active and 13 are cancelled or inactive. Other active GSTINs include 02AAACD0132H1ZK (Himachal Pradesh), 06AAACD0132H1ZC (Haryana), 08AAACD0132H1Z8 (Rajasthan).

The CIN (Corporate Identification Number) of Dharampal Satyapal is U52110DL1989PLC038613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Dharampal Satyapal has 707 court cases on record: 450 filed by the company and 257 filed against it. 86 are pending. Most are in the high courts.

Dharampal Satyapal was incorporated on 11 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Delhi.

Dharampal Satyapal has 23 deals on record (22 secondary share transfers, 1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in March 2024.

The peers of Dharampal Satyapal by revenue are Nestle India Limited, Mother Dairy Fruit and Vegetable Private Limited, Hatsun Agro Product Limited, Heritage Foods Limited, Dodla Dairy Limited and 1 more, all in the FMCG industry (Milk and Dairy Products, Tobacco Products), with the same principal business activity (manufacture of food products).

Gajendra Singh Raghav ceased to be Additional Director on 09 Oct 2024. Gajendra Singh Raghav was appointed as Whole-Time Director on 09 Oct 2024. Sanjay Aneja was appointed as CFO on 11 Nov 2022. Dharampal Satyapal has 46 board changes on record in total.

Dharampal Satyapal has 17 MSME Form 1 returns on record between 2018 and 2024, listing 2,472 overdue payments to 361 micro and small suppliers. The latest return was filed on 28 Apr 2024.

Dharampal Satyapal can be reached through the website dsgroup.com. Its registered office is in New Delhi, Delhi, India.