Hero Electric Vehicles Profile
Key Indicators
- Authorised Capital ₹ 76.50 Cr
- Paid Up Capital ₹ 68.82 Cr
- Company Age 14 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 519.00 Cr
- Satisfied Charges ₹ 273.00 Cr
- Revenue Growth 16.55%
- Profit Growth -289.19%
- Ebitda -297.46%
- Net Worth -38.09%
- Total Assets 59.89%
About Hero Electric Vehicles
Hero Electric Vehicles Private Limited (HEVPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 July 2010 and has a history of 14 years and nine months. Its registered office is in Delhi, India.
The Corporate was formerly known as Hero Eco Vehicles Private Limited. 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 76.50 Cr and a paid-up capital of Rs 68.82 Cr.
The company currently has active open charges totaling ₹519.00 Cr. The company has closed loans amounting to ₹273.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Hero Electric Vehicles Private Limited India is Sohinder Singh as CEO. Naveen Munjal and Rupa Ghosh serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U34200DL2010PTC206520
- Company No.
206520
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Jul 2010
- Date of AGM
23 Apr 2024
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Automotive
What products or services does Hero Electric Vehicles Private Limited offer?
Hero Electric Vehicles Private Limited offers a wide range of products and services, including Scooter, Hero Scooter, E Vehicles, Electric Two Wheelers, Parts And Kits, Brakes & Braking Systems, Motorcycle Brake Part, Brake Parts.
Hero Electric Vehicles Private Limited
Explore comprehensive data for Hero Electric Vehicles Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Hero Electric Vehicles?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Naveen Munjal  | Managing Director | 31-Jul-2010 | Current |
| Sohinder Singh | CEO | 11-Aug-2022 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rupa Ghosh | Director | 03-Sep-2024 | Current |
Financial Performance of Hero Electric Vehicles.
Hero Electric Vehicles Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.55% increase. The company also saw a substantial fall in profitability, with a 289.19% decrease in profit. The company's net worth observed a substantial decline by a decrease of 38.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hero Electric Vehicles?
In 2023, Hero Electric Vehicles had a promoter holding of 80.40% and a public holding of 19.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹519.00 Cr
Satisfied Charges
₹273.00 Cr
Charges Breakdown by Lending Institutions
- Others : 373.00 Cr
- Hdfc Bank Limited : 96.00 Cr
- The South Indian Bank Limited : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Dec 2022 | Others | ₹10.00 Cr | Open |
| 23 Dec 2022 | Others | ₹11.00 Cr | Open |
| 15 Jul 2022 | Others | ₹130.00 Cr | Open |
| 30 Mar 2022 | The South Indian Bank Limited | ₹50.00 Cr | Open |
| 29 Mar 2022 | Others | ₹30.00 Cr | Open |
How Many Employees Work at Hero Electric Vehicles?
Hero Electric Vehicles has a workforce of 342 employees as of Dec 31, 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 Electric Vehicles, 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 Electric Vehicles'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.
Latest Updates, News, and FAQs on Hero Electric Vehicles
Recent activity within the organization
- Director Appointment
Rupa Ghosh was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 8 months 17 days .
- Annual General Meeting
Hero Electric Vehicles Private Limited last Annual general meeting of members was held on 23 Apr 2024 as per latest MCA records.
- Charges
A charge registered on 21 Aug 2020 via Charge ID 100364900 with Axis Bank Limited was fully satisfied on 26 Oct 2023.
- Charges
A charge registered on 26 Aug 2022 via Charge ID 100606809 with Others was fully satisfied on 05 Jun 2023.
- Charges
A charge registered on 29 Jul 2022 via Charge ID 100606833 with Others was fully satisfied on 05 Jun 2023.
- Charges
A charge with Others of Rs. 30.00 Cr registered on 27 Aug 2021 with Charge ID 100477877 was modified on 24 May 2023.
Recent News, Updates & Announcement
- A2B: The Small Electric Company Making Big Moves in the Premium Vehicle Market.
When you're just a small electric company but you wanna be a big player in the game, so you change your name to A2B and enter the fancy premium electric vehicle market. #GottaLevelUp #NewNameNewGame.
- Hero Electric Defies Subsidy Reduction, Keeps Prices Unchanged to Boost Electric Mobility.
The Indian Government recently decreased the subsidy for electric two-wheelers under the FAME II scheme, causing a notable surge in prices across the segment.
- Hero Electric IPO: CEO Sohinder Gill reveals listing plans; check details | Mint.
Hero Electric is aiming to go public by 2025-26, but before that the EV manufacturer is working to increase its vehicle sales to 2 million in next three years.
- Hero Electric, Okinawa To Face Action For FAME Violations? Here's What Is Happening.
Hero Electric and Okinawa under scrutiny for violating norms in FAME scheme, may lose future payments.
Frequently asked questions
What is the Incorporation or founding date of Hero Electric Vehicles Private Limited?
Hero Electric Vehicles Private Limited was incorporated on 31 Jul 2010.
What is authorized share capital and paid-up capital of Hero Electric Vehicles Private Limited?
The authorized share capital of Hero Electric Vehicles Private Limited is ₹ 76.50 Cr and paid-up capital is ₹ 68.82 Cr.
Who are the current board members & directors of Hero Electric Vehicles Private Limited?
Currently 3 directors are associated with Hero Electric Vehicles Private Limited.
- Naveen Munjal
- Rupa Ghosh
- Sohinder Singh
What is the registered address of Hero Electric Vehicles Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Hero Electric Vehicles Private Limited is 50 Okhla Industrial Estate Phase Iii, India, New Delhi, 110020.
What is the corporate identification number (CIN) and company number of Hero Electric Vehicles Private Limited?
The corporate identification number (CIN) of Hero Electric Vehicles Private Limited is U34200DL2010PTC206520 and the company number is 206520 as per Ministry of Corporate Affairs (MCA).
What is the official website of Hero Electric Vehicles Private Limited?
The Official website of Hero Electric Vehicles Private Limited is https://www.heroelectric.in
What has been the recent revenue trend for Hero Electric Vehicles Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Hero Electric Vehicles Private Limited has risen by 16.55%.
How many employees does Hero Electric Vehicles Private Limited currently have?
As Per 2023 financial reports, 342 employees are currently employed by Hero Electric Vehicles Private Limited.
What change has been observed in the net worth of Hero Electric Vehicles Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Hero Electric Vehicles Private Limited has experienced an downturn of -38.09%.
What are the total open charges for Hero Electric Vehicles Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Hero Electric Vehicles Private Limited amount to ₹ 519.00 Cr.
When was the last Balance Sheet of Hero Electric Vehicles Private Limited filed with the ROC?
The most recent Balance Sheet for Hero Electric Vehicles Private Limited was filed with the ROC on 31 Mar 2023.
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