Et Devassy and Sons Finance Private Limited
About Et Devassy and Sons Finance Private Limited
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Et Devassy and Sons Finance Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 14 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65921KL1995PTC009785.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.1 Cr. It was formerly known as Bhasura Hire Purchasing and Leasing Company Private Limited. It is led by directors including Edasserychungan Shaju (Managing Director) and Edasserychungan Devassy Sabu.
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 Building No :1/261 Palayamparambu P O, Thrissur, Kerala, India – 680741.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.5 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹17.59 Lakh (net margin -3.2%) and EBITDA of ₹2.44 Cr (EBITDA margin 44.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹27 Cr on record. Court records list 131 cases involving the company, including 131 filed by the company; 40 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Et Devassy and Sons Finance Private Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBuilding No :1/261 Palayamparambu P O, Thrissur, Kerala, India – 680741
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Et Devassy and Sons Finance Private 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 Et Devassy and Sons Finance is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Et Devassy and Sons Finance Private Limited, buy the company report.
Financials of Et Devassy and Sons Finance Private Limited
FY 2024 filings availableEt Devassy and Sons Finance Private Limited reported revenue of ₹5.5 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 7% growth in the latest year. EBITDA fell 10% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.44 Cr | ||||
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| Net Profit (PAT) | -₹17.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.3% | ||||
| Net Profit Margin | -3.2% | ||||
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To see the full financial statements and ratios of Et Devassy and Sons Finance Private Limited, buy the company report.
Board of directors of Et Devassy and Sons Finance Private Limited
Et Devassy and Sons Finance has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Edasserychungan Shaju Also directs: Helpgrow Nidhi Limited, Devassyet Nidhi Limited, E T Devassy Chitties Private Limited and 3 more | Managing Director | 01 May 2010 | 16 Years 6 Months | Current |
| Edasserychungan Devassy Sabu Also directs: Helpgrow Nidhi Limited, Devassyet Nidhi Limited, E T Devassy Chitties Private Limited and 3 more | Director | 01 May 2010 | 16 Years 6 Months | Current |
| Benny Edasseri Devassy Also directs: E T Devassy Chitties Private Limited | Director | 01 Sep 2011 | 15 Years 2 Months | Current |
| Edasserychungam Devassy Jaison Also directs: Helpgrow Nidhi Limited, E T Devassy Chitties Private Limited | Director | 01 Sep 2011 | 15 Years 2 Months | Current |
Auditor
Et Devassy and Sons Finance Private Limited is audited by CHEERAN VARGHESE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHEERAN VARGHESE & CO | FY 2017 | 050061S |
Shareholding
The shareholding of Et Devassy and Sons Finance Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Et Devassy and Sons Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2020 | 100357975 | Others | ₹10 Cr | Open | |
| 16 Oct 2014 | 10535903 | Adv. K K Shanly | ₹10 Cr | Open | |
| 20 Sep 2011 | 10308569 | Adv K K Shanly | ₹5 Cr | Open | |
| 20 Sep 2010 | 10241308 | Adv K K Shanly | ₹2 Cr | Open |
Total charge records: 4 View all charges
Legal cases
Et Devassy and Sons Finance Private Limited has 131 court cases on record: 131 filed by Et Devassy and Sons Finance. 40 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 127 | 0 | 38 |
| High courts | 4 | 0 | 2 |
Cases on record (5 of 131)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed by the company against Vishnu | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against Surya | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Et Devassy and Sons Finance Private 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 Et Devassy and Sons Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Et Devassy and Sons Finance Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Et Devassy and Sons Finance Private Limited has 14 board changes on record since 2010: 4 appointments and 10 cessations. The latest: Salu Edasserychungan Devassy ceased to be Director on 28 Apr 2024.
9 earlier events are in the company report.
Frequently asked questions
Et Devassy and Sons Finance is an active private limited company based in Thrissur, Kerala, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 14 December 1995 (31+ years old) and is registered under CIN U65921KL1995PTC009785.
Et Devassy and Sons Finance has 4 current directors:
- Edasserychungan Shaju - Managing Director
- Edasserychungan Devassy Sabu - Director
- Benny Edasseri Devassy - Director
- Edasserychungam Devassy Jaison - Director
The latest financial statements of Et Devassy and Sons Finance 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 CIN (Corporate Identification Number) of Et Devassy and Sons Finance is U65921KL1995PTC009785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Et Devassy and Sons Finance has 131 court cases on record: 131 filed by the company. 40 are pending. Most are in the district courts.
Et Devassy and Sons Finance was incorporated on 14 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ernakulam.
Salu Edasserychungan Devassy ceased to be Director on 28 Apr 2024. Edasserychungan Thoman Devassy ceased to be Director on 11 Jan 2021. Benny Edasseri Devassy was appointed as Director on 01 Sep 2011. Et Devassy and Sons Finance has 14 board changes on record in total.
The registered office of Et Devassy and Sons Finance is at Building No :1261 Palayamparambu P O, Thrissur, Kerala, India – 680741.
Et Devassy and Sons Finance operates in the financial services industry, in the investment and credit nbfc segment.
Et Devassy and Sons Finance has open charges of ₹27 Cr and no satisfied charges on record as per latest MCA filings.
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