Promoter holding
64.27%
DI
Devyani International Limited - Due diligence report
A 360° intelligence report on Devyani International: trust score, financial health, credit view, compliance, directors, growth and distress …
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Devyani International — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Devyani International is assessed as Moderate with a Trust Score of 65/100. Devyani International is an active public limited indian non-government company incorporated in 1991, operating in the Travel and Hospitality sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.
Report generated on 15 Aug 2026 from the latest processed filings. Devyani International 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 ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 45/100 Caution Indicated
- Elevated gearing (D/E 38%).
Charges position: 1 open (695.66 cr) · 56 satisfied (2,479.02 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 21 | 48.0 cr |
| Axis Bank Limited | 5 | 48.0 cr |
| Hdfc Bank Limited | 4 | 48.0 cr |
| Yes Bank Limited | 4 | 48.0 cr |
| Standard Chartered Bank | 4 | 48.0 cr |
| Axis Bank Ltd. | 2 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: BSR & CO LLP on 2020-01-24.
- Delayed payments to MSME suppliers disclosed (102 disclosure(s)).
- 35 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RASHMI DHARIWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP KHUSHALCHAND SARDANA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH DAWAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI KANT JAIPURIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKAJ VIRMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRASHANT PURKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pankaj Virmani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJ PAL GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARUN JAIPURIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIRISH KUMAR AHUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIRAG JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH DAWAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Manish Dawar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- MANISH DAWAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2025 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
Rj Corp Limited
Subsidiaries
2
Group entities
2
Capital events
15 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Devyani Airport Services (mumbai) Private Limited | Subsidiary Company | 74.00% |
| Devyani International Nepal Private Limited | Subsidiary Company | 74.00% |
| Devyani Food Street Private Limited | Subsidiary Company | 74.00% |
| Rv Enterprizes Pte. Ltd. | Subsidiary Company | 74.00% |
| Devyani International (nigeria) Limited | Subsidiary Company | 74.00% |
| Rj Corp Limited | Holding Company | 74.00% |
Key managerial personnel: MANISH DAWAR (CFO) · VIRAG JOSHI (Whole-time director) · MANISH DAWAR (Whole-time director) · Manish Dawar (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
EPFO headcount growing - hiring signal.
Operating for 34+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.10 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 695.66 cr already registered.
- Compliance gaps should be priced into terms.
Investor view64/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events28 Jul 2025
Last AGM held
Annual general meeting
04 Jun 2025
Charge satisfied
Others
07 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Mar 2025
Charge satisfied
Indian Bank
08 Oct 2024
Charge created
Others - 150.00 cr
03 Oct 2024
Charge created
Others - 50.00 cr
04 Jul 2024
Charge satisfied
Others
02 May 2024
Charge satisfied
Hdfc Bank Limited
17 Apr 2024
Charge satisfied
Others
16 Apr 2024
Charge satisfied
Axis Bank Limited
14 Feb 2024
Charge created
Others - 30.00 cr
09 Jan 2024
Charge satisfied
Yes Bank Limited
18 Dec 2023
Charge created
Hdfc Bank Limited - 175.00 cr
Charge created
Axis Bank Limited - 175.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
14 active director(s) / partner(s); review board churn before relying on management continuity.
35 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
48 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Travelfoodservices | L55209MH2007PLC176045 | Mumbai, Maharashtra, India |
| Adyar Ananda Bhavan | U15490TN2009PTC071449 | Chennai, Tamil Nadu, India |
| Manyatatechpark | U70102KA2000PTC169303 | Bangalore North, Karnataka, India |
| Sapphire Foods | L55204HR2009PLC145722 | Mumbai, Maharashtra, India |
| Oberoi | L55101WB1949PLC017981 | Kolkata, West Bengal, India |
| Irctc | L74899DL1999GOI101707 | New Delhi, Delhi, India |
| Tajhotels | L74999MH1902PLC000183 | Mumbai- 400 001., Maharashtra, India |
| Jubilant Foodworks | L74899UP1995PLC043677 | Noida, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Devyani International before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Devyani International: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Devyani International - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Devyani International pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Devyani International - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Devyani International an active company?
Devyani International has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Devyani International financially healthy?
Devyani International has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Devyani International?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Devyani International?
The ultimate holding entity is Rj Corp Limited. 14 active director(s) are on record.
Does Devyani International have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 56 earlier charge(s) stand satisfied.
Is Devyani International up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Devyani International?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
