Promoter holding
64.27%
DP
Devi Polymers Private Limited - Due diligence report
A 360° intelligence report on Devi Polymers: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Devi Polymers — 360° Intelligence Report
Generated from MCA filings & public records81/100
Trust Score
Low Risk
Devi Polymers is assessed as Low Risk with a Trust Score of 81/100. Devi Polymers is an active private limited indian non-government company incorporated in 1983, operating in the Manufacturing sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 18 Jul 2026 from the latest processed filings. Devi Polymers Private Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 70/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A3).
Charges position: 7 open (77.40 cr) · 12 satisfied (45.85 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| Hdfc Bank Limited | 5 | 48.0 cr |
| Indian Bank | 5 | 48.0 cr |
| The Tamialnadu Industrial Investment Coroporation Limited | 1 | 48.0 cr |
| The Tamilnadu Indusrial Investment Coroporation Limited | 1 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NATARAJAN PERUMALCHETTIAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOVINDARAJU CHANDRASEKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Praveen Kumar Mohanram | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Krishnaswamy Nanjappa Krishnaswamy Venkateswarankrishnaswamy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2022 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
1
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Glenrock Estates Private Limited | Associate Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 42+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
7 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 77.40 cr already registered.
- Compliance record supports lending.
Investor view62/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 Oct 2025
Last AGM held
Annual general meeting
14 Oct 2025
Director ceased
Praveen Kumar Mohanram
Director ceased
Krishnaswamy Nanjappa Krishnaswamy Venkateswarankrishnaswamy
07 May 2025
Director appointed
Praveen Kumar Mohanram (Director)
Director appointed
Krishnaswamy Nanjappa Krishnaswamy Venkateswarankrishnaswamy (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Jan 2025
Charge satisfied
Others
26 Dec 2024
Charge created
Others - 49.60 cr
19 Dec 2024
Charge created
Others - 24.40 cr
20 Aug 2024
Director ceased
KRISHNASWAMY NANJAPPA KRISHNASWAMY
08 Feb 2024
Charge created
Hdfc Bank Limited - 16.88 Lakh
Charge created
Hdfc Bank Limited - 95.00 Lakh
03 Feb 2024
Charge created
Hdfc Bank Limited - 25.00 Lakh
Charge created
Hdfc Bank Limited - 1.79 cr
26 Jun 2022
Director ceased
PERUMAL CHETTIAR SRINIVASAN
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Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Sunrise Polymers | U17119GJ1992PLC017745 | Baroda, Gujarat, India |
| Frystal Pet Private Limited | U25190DL2010PTC198558 | Delhi, Delhi, India |
| Lezora Vitrified Private Limited | U26933GJ2014PTC079290 | Matel, Gujarat, India |
| Westin Resins & Polymers | U24100MH2010PTC210913 | Mumbai, Maharashtra, India |
| Qcrete Readymix (India) Private Limited | U45309KA2016PTC097739 | Mangalore, Karnataka, India |
| Eureka Conveyor Beltings Limited | U25201RJ1993PLC007425 | Kota, Rajasthan, India |
| Injecto Polymers Limited | U28113WB1998PLC087875 | Kolkata, West Bengal, India |
| National Plasto Products Private Limited | U25209WB1997PTC085800 | Kolkata, West Bengal, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Devi Polymers before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Devi Polymers: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Devi Polymers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Devi Polymers pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Devi Polymers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Devi Polymers an active company?
Devi Polymers has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Devi Polymers financially healthy?
Devi Polymers has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Devi Polymers?
Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Devi Polymers?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.
Does Devi Polymers have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.
Is Devi Polymers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Devi Polymers?
Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
