Hero Motors Limited

Develops, manufactures, and exports engines and power trains for two and three-wheel vehicles.

1998 | Ludhiana, Punjab (India) | Active
Last Updated:

Hero Motors Profile

Key Indicators

  • Authorised Capital ₹ 679.50 Cr
  • Paid Up Capital ₹ 378.36 Cr
  • Company Age 27 Year, 13 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 382.35 Cr
  • Satisfied Charges ₹ 430.71 Cr
  • Revenue Growth 865774.30%
  • Profit Growth 1887.71%
  • Ebitda 2093.41%
  • Net Worth 488.93%
  • Total Assets 2279.24%

About Hero Motors

Hero Motors Limited (HML) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 April 1998 and has a history of 27 years. Its registered office is in Ludhiana, Punjab, India.

The Corporate was formerly known as Hero Briggs & Stratton Auto Pvt Ltd. 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 2024. It's a company limited by shares with an authorized capital of Rs 679.50 Cr and a paid-up capital of Rs 378.36 Cr.

The company currently has active open charges totaling ₹382.35 Cr. The company has closed loans amounting to ₹430.71 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hero Motors Limited India are Ritesh Agrawal as CFO and Esha Gupta as Company Secretary. Pankaj Munjal, Ashok Taneja, Keshav Misra, and Six 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

    U29299PB1998PLC039602

  • Company No.

    039602

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 Apr 1998

  • Date of AGM

    26 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Automotive

What products or services does Hero Motors Limited offer?

Hero Motors Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Gearbox Parts, Automobile Body Coach Building, Chassis, Architectural & Civil Engineering, Civil Engineering Service, Bicycle, Hero Cycle.

Company report

Hero Motors Limited

Explore comprehensive data for Hero Motors Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Amit Gupta Country flag representing In Managing Director09-Sep-2022Current
Ritesh Agrawal CFO29-Mar-2024Current
Esha Gupta Company Secretary02-Jan-2025Current

Board Members (8)

NameDesignationAppointment DateStatus
Keshav Misra Country flag representing In Director 09-Sep-2022Current
Pankaj Munjal Country flag representing In Director 30-May-2022Current
Ashok Taneja Country flag representing In Director 12-Aug-2024Current
Sridhar Narayan Country flag representing In Nominee Director 04-Jan-2023Current
Kulbir Singh Country flag representing In Director 01-Feb-2023Current
Andrew Palmer Country flag representing Gb Director 16-Jul-2024Current

Financial Performance of Hero Motors.

Hero Motors Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 865774.3% increase. The company also saw a substantial improvement in profitability, with a 1887.71% increase in profit. The company's net worth Soared by an impressive increase of 488.93%.

Hero Motors revenue growth over time
Hero Motors 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
865774.30%
Revenue from Operations
Total Assets
2279.24%
Profit or Loss
1887.71%
Net Worth
488.93%
EBITDA
2093.41%

What is the Ownership and Shareholding Structure of Hero Motors?

In 2022, Hero Motors had a promoter holding of 99.92% and a public holding of 0.07%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹382.35 Cr

Satisfied Charges

₹430.71 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 264.35 Cr
  • Others : 118.00 Cr

Latest Charge Details

DateLenderAmountStatus
26 Apr 2024Others₹40.00 CrOpen
14 Dec 2023Others₹25.00 CrOpen
30 Nov 2023Axis Bank Limited₹25.00 CrOpen
06 Sep 2023Others₹53.00 CrOpen
21 Jul 2023Axis Bank Limited₹29.35 CrOpen

How Many Employees Work at Hero Motors?

Hero Motors has a workforce of 288 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.

Employee growth trends for Hero Motors Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hero Motors, 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 Motors'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 Motors

Recent activity within the organization

  • Director Appointment

    Esha Gupta was appointed as a Company Secretary was appointed as a Company Secretary on 02 Jan 2025 & has been associated with this company since 4 months 10 days .

  • Director Appointment

    Ashok Kumar Taneja was appointed as a Director was appointed as a Director on 12 Aug 2024 & has been associated with this company since 9 months .

  • Annual General Meeting

    Hero Motors Limited last Annual general meeting of members was held on 26 Jul 2024 as per latest MCA records.

  • Director Appointment

    Andrew Charles Palmer was appointed as a Director was appointed as a Director on 16 Jul 2024 & has been associated with this company since 9 months 27 days .

  • Charges

    A charge with Others of Rs. 53.00 Cr registered on 06 Sep 2023 with Charge ID 100784161 was modified on 24 May 2024.

  • Charges

    A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100921324 was registered on 26 Apr 2024.

Recent News, Updates & Announcement

Frequently asked questions

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

    Hero Motors Limited was incorporated on 30 Apr 1998.

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

    The authorized share capital of Hero Motors Limited is ₹ 679.50 Cr and paid-up capital is ₹ 378.36 Cr.

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

    Currently 11 directors are associated with Hero Motors Limited.

    • Pankaj Munjal
    • Ashok Kumar Taneja
    • Keshav Misra
    • Sridhar Narayan
    • Kulbir Singh
    • Andrew Charles Palmer
    • Amit Gupta
    • Pratibha Goyal
    • Ritesh Kumar Agrawal
    • Esha Gupta
    • Abhishek Munjal

  • What is the registered address of Hero Motors Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hero Motors Limited is Hero Nagar G. T. Road India, Ludhiana, Punjab, 141003.

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

    The corporate identification number (CIN) of Hero Motors Limited is U29299PB1998PLC039602 and the company number is 039602 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hero Motors Limited?

    The Official website of Hero Motors Limited is https://www.heromotors.com

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Hero Motors Limited has risen by 865774.30%.

  • How many employees does Hero Motors Limited currently have?

    As Per 2022 financial reports, 288 employees are currently employed by Hero Motors Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Hero Motors Limited has experienced an upsurge of 488.93%.

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

    As per the financial statements for fiscal Year 2022, The total open charges for Hero Motors Limited amount to ₹ 382.35 Cr.

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

    The most recent Balance Sheet for Hero Motors Limited was filed with the ROC on 31 Mar 2024.

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