Hero Ecotech Limited

Manufactures bicycles with an annual capacity of 15 lac, under the brand 'Kross'.

2008 | Ludhiana, Punjab (India) | Active
Last Updated:

Hero Ecotech Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 16 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 153.99 Cr
  • Satisfied Charges ₹ 44.50 Cr
  • Revenue Growth -24.47%
  • Profit Growth -72.50%
  • Ebitda -60.65%
  • Net Worth 4.72%
  • Total Assets 19.37%

About Hero Ecotech

Hero Ecotech Limited (HEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 November 2008 and has a history of 16 years and three months. Its registered office is in Ludhiana, Punjab, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 5.00 Cr.

The company currently has active open charges totaling ₹153.99 Cr. The company has closed loans amounting to ₹44.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijay Munjal, Anil Kumar, Gaurav Munjal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    heroecotech.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U35900PB2008PLC034755

  • Company No.

    034755

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    06 Nov 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Automotive

What products or services does Hero Ecotech Limited offer?

Hero Ecotech Limited offers a wide range of products and services, including Wheel Chairs, Crutches and Walker, Mobility Scooter.

Who are the key members and board of directors at Hero Ecotech?

Executive Team (1)

NameDesignationAppointment DateStatus
Gaurav Munjal Country flag representing In Managing Director06-Nov-2008Current

Board Members (5)

NameDesignationAppointment DateStatus
Anil Kumar Country flag representing In Director 30-Sep-2018Current
Vijay Munjal Country flag representing In Director 06-Nov-2008Current
Harish Bhatt Country flag representing In Director 16-Feb-2017Current
Samita Munjal Country flag representing In Director 30-Sep-2017Current
Shivom Munjal Additional Director 06-Sep-2024Current

Financial Performance of Hero Ecotech.

Hero Ecotech Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.47% decrease. The company also saw a substantial fall in profitability, with a 72.5% decrease in profit. The company's net worth moved up by a moderate rise of 4.72%.

Hero Ecotech revenue growth over time
Hero Ecotech profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-24.47%
Revenue from Operations
-24.17%
Total Assets
19.37%
Profit or Loss
-72.50%
Net Worth
4.72%
EBITDA
-60.65%

What is the Ownership and Shareholding Structure of Hero Ecotech?

In 2023, Hero Ecotech had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹153.99 Cr

Satisfied Charges

₹44.50 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 107.19 Cr
  • State Bank Of India : 45.00 Cr
  • Bank Of India : 1.30 Cr
  • Axis Bank Limited : 0.50 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 2024Bank Of India₹1.30 CrOpen
22 Mar 2023Hdfc Bank Limited₹47.00 CrOpen
21 Aug 2021Hdfc Bank Limited₹1.90 MOpen
20 Mar 2020Axis Bank Limited₹4.95 MOpen
21 Jun 2016Hdfc Bank Limited₹60.00 CrOpen

How Many Employees Work at Hero Ecotech?

Hero Ecotech has a workforce of 514 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Hero Ecotech Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hero Ecotech, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Hero Ecotech's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Hero Ecotech

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 60.00 Cr registered on 21 Jun 2016 with Charge ID 100040076 was modified on 19 Sep 2024.

  • Director Appointment

    Shivom Munjal was appointed as a Additional Director was appointed as a Additional Director on 06 Sep 2024 & has been associated with this company since 5 months 25 days .

  • Charges

    A charge registered on 22 Jan 2021 via Charge ID 100414762 with Axis Bank Limited was fully satisfied on 18 Mar 2024.

  • Charges

    A charge registered on 07 May 2019 via Charge ID 100259993 with Others was fully satisfied on 20 Feb 2024.

  • Charges

    A charge registered on 21 Oct 2015 via Charge ID 10604316 with Daimler Financial Services India Private Limited was fully satisfied on 16 Feb 2024.

  • Charges

    A charge with Bank Of India amounted to Rs. 1.30 Cr with Charge ID 100878128 was registered on 30 Jan 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Hero Ecotech Limited?

    Hero Ecotech Limited was incorporated on 06 Nov 2008.

  • What is authorized share capital and paid-up capital of Hero Ecotech Limited?

    The authorized share capital of Hero Ecotech Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Who are the current board members & directors of Hero Ecotech Limited?

    Currently 6 directors are associated with Hero Ecotech Limited.

    • Vijay Munjal
    • Anil Kumar
    • Gaurav Munjal
    • Harish Bhatt
    • Samita Munjal
    • Shivom Munjal

  • What is the registered address of Hero Ecotech Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hero Ecotech Limited is Phase Viii, Focal Point India, Village Mangli, Punjab, 141010.

  • What is the corporate identification number (CIN) and company number of Hero Ecotech Limited?

    The corporate identification number (CIN) of Hero Ecotech Limited is U35900PB2008PLC034755 and the company number is 034755 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hero Ecotech Limited?

    The Official website of Hero Ecotech Limited is https://www.heroecotech.in

  • What has been the recent revenue trend for Hero Ecotech Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Hero Ecotech Limited has fallen by -24.47%.

  • How many employees does Hero Ecotech Limited currently have?

    As Per 2023 financial reports, 514 employees are currently employed by Hero Ecotech Limited.

  • What change has been observed in the net worth of Hero Ecotech Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Hero Ecotech Limited has experienced an upsurge of 4.72%.

  • What are the total open charges for Hero Ecotech Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Hero Ecotech Limited amount to ₹ 153.99 Cr.

  • When was the last Balance Sheet of Hero Ecotech Limited filed with the ROC?

    The most recent Balance Sheet for Hero Ecotech Limited was filed with the ROC on 31 Mar 2023.

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