Hero Ecotech Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 16 Year, 2 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 two 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
- 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gaurav Munjal  | Managing Director | 06-Nov-2008 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Anil Kumar | Director | 30-Sep-2018 | Current |
| Vijay Munjal | Director | 06-Nov-2008 | Current |
| Harish Bhatt | Director | 16-Feb-2017 | Current |
| Samita Munjal | Director | 30-Sep-2017 | Current |
| Shivom Munjal | Additional Director | 06-Sep-2024 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Monga Brothers LimitedHarish Bhatt is a mutual person
Kross Bikes Private LimitedVijay Munjal, Gaurav Munjal and 1 more are mutual person
Hero Exports Pvt LtdVijay Munjal, Gaurav Munjal and 1 more are mutual person
Master Trust LimitedAnil Kumar is a mutual person
Vardhman Acrylics LimitedAnil Kumar is a mutual person
Hero Electric Devices Private LimitedVijay Munjal and Shivom Munjal are mutual person
Charges (Loans)
₹153.99 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2024 | Bank Of India | ₹1.30 Cr | Open |
| 22 Mar 2023 | Hdfc Bank Limited | ₹47.00 Cr | Open |
| 21 Aug 2021 | Hdfc Bank Limited | ₹1.90 M | Open |
| 20 Mar 2020 | Axis Bank Limited | ₹4.95 M | Open |
| 21 Jun 2016 | Hdfc Bank Limited | ₹60.00 Cr | Open |
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.
Deals i
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
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
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.
