Hero Motors Profile
Key Indicators
- Authorised Capital ₹ 679.50 Cr
- Paid Up Capital ₹ 378.36 Cr
- Company Age 26 Year, 9 Months
- 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 26 years and nine months. 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
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.
Who are the key members and board of directors at Hero Motors?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amit Gupta  | Managing Director | 09-Sep-2022 | Current |
| Ritesh Agrawal | CFO | 29-Mar-2024 | Current |
| Esha Gupta | Company Secretary | 02-Jan-2025 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Keshav Misra | Director | 09-Sep-2022 | Current |
| Pankaj Munjal | Director | 30-May-2022 | Current |
| Ashok Taneja | Director | 12-Aug-2024 | Current |
| Sridhar Narayan | Nominee Director | 04-Jan-2023 | Current |
| Kulbir Singh | Director | 01-Feb-2023 | Current |
Andrew Palmer  | Director | 16-Jul-2024 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Jaynix Engineering Private LimitedAshok Taneja is a mutual person
Electrodrive Powertrain Solutions Private LimitedSridhar Narayan is a mutual person
Seedworks International Private LimitedSridhar Narayan is a mutual person
Oma Living Private LimitedAbhishek Munjal is a mutual person
Shreyans Industries LimitedPratibha Goyal is a mutual person
Hero Cycles LimitedPankaj Munjal and Abhishek Munjal are mutual person
Charges (Loans)
₹382.35 Cr
₹430.71 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 264.35 Cr
- Others : 118.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2024 | Others | ₹40.00 Cr | Open |
| 14 Dec 2023 | Others | ₹25.00 Cr | Open |
| 30 Nov 2023 | Axis Bank Limited | ₹25.00 Cr | Open |
| 06 Sep 2023 | Others | ₹53.00 Cr | Open |
| 21 Jul 2023 | Axis Bank Limited | ₹29.35 Cr | Open |
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.
Deals i
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
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.
