How old is Devon Plantations and Industries Limited?

Devon Plantations and Industries Limited was incorporated in 1936, making it nearly 90 years old. It is one of the oldest surviving plantation companies in Karnataka, having operated through India's colonial period, independence, land reforms, and multiple commodity market cycles.

What makes Devon Plantations a credible investment at ₹340 per share?

The relatively high share price of ₹340 compared to many distressed unlisted companies suggests Devon Plantations may have genuine underlying asset value, including estate land holdings, active crop production, and possible revenue generating operations. However, without public financials, a thorough due diligence including site visits is strongly recommended.

Where are Devon Plantations' estates located?

The company is headquartered in Bengaluru but likely operates estates in Karnataka's plantation districts including Kodagu (Coorg), Chikmagalur, or Hassan — the primary coffee and tea growing regions of the state and some of the most productive plantation areas in India.

Is Devon Plantations listed on any stock exchange?

No. The CIN prefix 'U' confirms Devon Plantations and Industries Limited is not listed on BSE or NSE. Shares are traded only in the unlisted OTC market.

What crops does Devon Plantations likely grow?

Based on its Karnataka location and sector classification (Tea/Coffee/Spice Plantations), Devon Plantations likely cultivates Arabica or Robusta coffee, possibly alongside tea, cardamom, pepper, or other spices typical of mixed Western Ghats estate farming.

What are the key risks in investing in Devon Plantations?

Key risks include commodity price volatility in coffee and tea markets, climate change and monsoon dependency, rising labour costs, land and forest regulatory risks in the Western Ghats, and absence of public financial disclosures. Liquidity in unlisted shares is also limited.

How do I buy Devon Plantations & Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Devon Plantations & Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Devon Plantations & Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Devon Plantations & Industries Unlisted Share Price | Buy Devon Plantations & Industries Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Talk to us

Devon Plantations & Industries Unlisted Share Price | Buy Devon Plantations & Industries Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Devon Plantations and Industries Limited stands out among this batch as one of the more credible investment candidates given its nearly 90-year operating history, high share price of ₹340, and positioning in Karnataka's premium coffee and spice plantation sector. The company likely holds significant estate land value and benefits from current high global coffee prices. Investors with long-term horizon and tolerance for illiquidity may find value, but thorough estate-level due diligence is essential given the absence of public financial disclosures.

Pros

Incorporated December 21, 1936 — 88+ years of continuous operations; one of India's oldest surviving plantation companies.
Revenue ₹8.99 Cr (FY22); tea, coffee, spices, cardamom — diversified plantation produce portfolio.
Bengaluru, Karnataka headquarters — Infantry Road location in a major commercial district.
Multi-generational management with established family promoters; deep sector expertise in plantation processing.

Cons

Unlisted (U-prefix) — no secondary market; no ISIN confirmed.
Very small capital base: authorized ₹50 Lakh, paid-up ₹29.76 Lakh — thin equity for a plantation company.
Revenue ₹8.99 Cr — small scale; plantation processing margins are thin and commodity-price dependent.
Tea, coffee, and spice markets face climate risk, labour cost pressures, and competition from large organized players.

Business Segments

Plantation Processing & Trading

Processing, supply and trading of tea, coffee, spices, and cardamom; plantation produce distribution.

Revenue Model

Devon Plantations generates revenue primarily through agricultural produce sales — coffee cherries, processed coffee (parchment/cured), tea leaf, and spices — to commodity markets, Coffee Board of India, or direct export buyers. Additional revenue may come from estate activities and hospitality. Revenue is seasonal and heavily dependent on annual crop yields and prevailing commodity prices.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds14

Growth Plans

Continued global coffee price elevation due to supply shortfalls from major producers

Growing international demand for Indian specialty and single-origin coffee from Coorg and Chikmagalur

Value realization from estate land appreciation in Karnataka's plantation districts

Eco-tourism and hospitality development on scenic plantation estates

Recent Developments

Record Coffee Prices Boost Plantation Economics

Global coffee prices reached multi-decade highs in 2023-2024 due to supply disruptions in Brazil and Vietnam. Indian coffee exporters and plantation companies benefited significantly from elevated Robusta and Arabica prices, potentially improving Devon Plantations' revenue and margins.

2023-2024

Karnataka Plantation Sector ESG Scrutiny

Karnataka's plantation companies face increasing ESG scrutiny regarding forest encroachment, wildlife corridor compliance, and labour welfare. Companies operating near Western Ghats protected areas must comply with stricter environmental norms under Supreme Court and NGT orders.

2023

India Coffee Exports Growth

India's coffee exports grew to approximately $1.3 billion in FY2024, with Karnataka accounting for over 70% of production. Premium specialty coffee from Coorg and Chikmagalur commands increasing premiums in European and US markets, benefiting estate operators.

Comparable Companies

CompanyTypeTickerMkt Cap

Tata Coffee LimitedListedTATACOFFEE~4,000 Cr

CCL Products (India) LimitedListedCCLPRO~5,200 Cr

Goodricke Group LimitedListedGOODRICKE~600 Cr

Jayshree Tea and Industries LimitedListedJAYSHREE~300 Cr

Frequently Asked Questions

Devon Plantations and Industries Limited is a plantation company incorporated in 1936, headquartered in Bengaluru, Karnataka. The company is engaged in tea, coffee, and/or spice plantation operations in Karnataka's Western Ghats region. With NIC code 01132 (growing of other fruits), the company may operate coffee or mixed plantation estates, likely in the famous Coorg (Kodagu) or Chikmagalur districts.

About Devon Plantations & Industries

Devon Plantations and Industries Limited is one of India's oldest plantation companies, incorporated on 21 December 1936 — nearly a century ago — in Bangalore (now Bengaluru), Karnataka. The company is engaged in growing, processing, and marketing tea, coffee, and spice crops, with operations rooted in South India's rich plantation heritage. Its registered address is at Empire Infantry, 3rd Floor, 29 Infantry Road, Bengaluru 560001, and it is classified under the NIC code for 'Growing of fruit, nuts, beverage and spice crops.' Devon Plantations processes tea dust and other plantation products that are sold to blenders, packagers, and bulk buyers in the Indian market. The company's brand presence on IndiaMart and Trade India confirms its role as a manufacturer and distributor of tea dust — a by-product of tea processing used extensively in tea bag manufacturing and institutional catering. Coffee is the secondary crop, aligned with Karnataka's tradition as a major coffee-growing state. The company has a very small operational scale for a 90-year-old entity. Revenue stood at approximately ₹8.99 crore for FY2022, with the company experiencing a 13% CAGR revenue decline in recent years and a 167.95% fall in profitability in FY2022 compared to the prior year. This reflects the structural challenges facing small plantation companies in India — rising input costs, labour issues under the Plantation Labour Act, and commodity price volatility in global tea and coffee markets. Despite its small revenue base, Devon Plantations has significant historical value as one of India's oldest corporations. Its directors — Peter Philip, Muthachen John Kuriyan, Mammen Mathew, Kandathil Kuriyan Mammen Mappillai, Palampadam Thomas Joseph, and Jacob Mammen — represent family-driven management with long-term stewardship of plantation assets. The last AGM was held on 29 December 2023 and balance sheet filings are current through March 2023. With authorised capital of ₹50 lakh and paid-up capital of ₹29.76 lakh, the company is modestly capitalised but debt-light. Devon Plantations represents a legacy agri-business investment with limited growth visibility but stable, asset-backed plantation operations.

Key Milestones

Common questions about unlisted shares

How do I buy Devon Plantations & Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Devon Plantations and Industries Limited

How settlement works

Get price alerts for Devon Plantations and Industries Limited

Discuss Devon Plantations & Industries

Similar companies

Other ways to invest