Hero Financial Services Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 38 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 8.17 Cr
- Satisfied Charges ₹ 11.60 Cr
- Revenue Growth %
- Profit Growth 38.68%
- Ebitda 23.87%
- Net Worth -1.18%
- Total Assets -1.40%
About Hero Financial Services
Hero Financial Services Private Limited (HFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 16 January 1987 and has a history of 38 years and one month. Its registered office is in Gurugram, Haryana, India.
The Corporate was formerly known as Hero Financial Services Limited. The Company is engaged in the Financial Services 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 10.00 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹8.17 Cr. The company has closed loans amounting to ₹11.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
Munish Garg and Aditya Munjal serve as directors at the Company.
Company Details
- Location
Gurugram, Haryana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140HR1987PTC074085
- Company No.
074085
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Jan 1987
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Financial Services
Who are the key members and board of directors at Hero Financial Services?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Munish Garg  | Director | 19-Sep-2023 | Current |
| Aditya Munjal | Director | 30-Apr-2015 | Current |
Financial Performance of Hero Financial Services.
Hero Financial Services Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 38.68% increase in profit. The company's net worth dipped by a decrease of 1.18%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hero Financial Services?
In 2019, Hero Financial Services 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)
- Hero Cycles Limited
Aditya Munjal is a mutual person
Lectro E-Mobility Private LimitedAditya Munjal is a mutual person
Hero Global Design Private LimitedAditya Munjal is a mutual person
Firefox Bikes Private LimitedAditya Munjal is a mutual person
Hawk Cycles Private LimitedMunish Garg is a mutual person
- Hero Transmission Private Limited
Aditya Munjal is a mutual person
Charges (Loans)
Open Charges
₹8.17 Cr
Satisfied Charges
₹11.60 Cr
Charges Breakdown by Lending Institutions
- Uti Bank Ltd : 3.00 Cr
- Associates India Financial Services Private Ltd : 2.92 Cr
- Chola Mandolam Investment & Finance Co. Ltd : 2.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Oct 2001 | Associates India Financial Services Private Ltd | ₹3.62 M | Open |
| 04 Oct 2001 | Uti Bank Ltd | ₹3.00 Cr | Open |
| 25 Jul 2001 | Chola Mandolam Investment & Finance Co. Ltd | ₹2.25 Cr | Open |
| 05 Jan 2001 | Associates India Financial Services Private Ltd | ₹1.06 Cr | Open |
| 16 Mar 2000 | Associates India Financial Services Private Ltd | ₹1.50 Cr | Open |
How Many Employees Work at Hero Financial Services?
Hero Financial Services has a workforce of 0 employees as of Apr 09, 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 Financial Services, 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 Financial Services'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 Financial Services
Recent activity within the organization
- Annual General Meeting
Hero Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Director Appointment
Munish Kumar Garg was appointed as a Director was appointed as a Director on 19 Sep 2023 & has been associated with this company since 1 year 5 months .
- Balance Sheet
Hero Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Director Appointment
Aditya Munjal was appointed as a Director was appointed as a Director on 30 Apr 2015 & has been associated with this company since 9 years 10 months .
- Charges
A charge registered on 16 Dec 1999 via Charge ID 90053774 with The Bank Of Nova Scotia was fully satisfied on 30 Nov 2009.
- Charges
A charge registered on 05 Feb 2002 via Charge ID 90062440 with Punjab National Bank was fully satisfied on 24 Nov 2009.
Recent News, Updates & Announcement
- Hero Cycles partners with Yamaha to launch Lectro E-Cycle.
Lectro EHX20 is a high-performance E-cycle powered by Yamaha, claims Hero Cycles..
- Hero Cycles' Lectro E-Bikes Set to Conquer UK Market with 45,000 Units Exported and Exciting Collaborations in the Works #TalkEV.
Hero Cycles' electric bike brand, Lectro, will be exported to the UK with an expected 45,000 units to be shipped in the next few months. The product is expected to be popular among British consumers due to its innovative design and no need for charging stations. Hero Cycles is also looking to collaborate with Japanese manufacturers to improve their electric drive units. #TalkEV: Join us for a Facebook Live session on EV startups and e-mobility. E-bike sales have stopped in April..
- China's Fushida Group joins hands with Hero Cycles.
The Chinese Group will work with Hero Cycles for manufacturing premium bicycles and electric bikes..
Frequently asked questions
What is the Incorporation or founding date of Hero Financial Services Private Limited?
Hero Financial Services Private Limited was incorporated on 16 Jan 1987.
What is authorized share capital and paid-up capital of Hero Financial Services Private Limited?
The authorized share capital of Hero Financial Services Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.00 Cr.
Who are the current board members & directors of Hero Financial Services Private Limited?
Currently 2 directors are associated with Hero Financial Services Private Limited.
- Munish Kumar Garg
- Aditya Munjal
What is the registered address of Hero Financial Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Hero Financial Services Private Limited is 2A -1001 10Th Floor Two Horizon Centre, Sector - 43 Dlf Phase V India, Gurugram, Haryana, 122002.
What is the corporate identification number (CIN) and company number of Hero Financial Services Private Limited?
The corporate identification number (CIN) of Hero Financial Services Private Limited is U74140HR1987PTC074085 and the company number is 074085 as per Ministry of Corporate Affairs (MCA).
What is the official website of Hero Financial Services Private Limited?
The Official website of Hero Financial Services Private Limited is https://www.herocycles.com
What change has been observed in the net worth of Hero Financial Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Hero Financial Services Private Limited has experienced an downturn of -1.18%.
What are the total open charges for Hero Financial Services Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Hero Financial Services Private Limited amount to ₹ 8.17 Cr.
When was the last Balance Sheet of Hero Financial Services Private Limited filed with the ROC?
The most recent Balance Sheet for Hero Financial Services Private Limited was filed with the ROC on 31 Mar 2023.
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