Hero Steels Limited

Manufacturer of CR strips and precision tubes for various industries including automotive, appliances, and engineering.

2010 | South Delhi, Delhi (India) | Active
Last Updated:

Hero Steels Profile

Key Indicators

  • Authorised Capital ₹ 175.00 Cr
  • Paid Up Capital ₹ 142.00 Cr
  • Company Age 14 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 399.40 Cr
  • Satisfied Charges ₹ 496.50 Cr
  • Revenue Growth -0.47%
  • Profit Growth -67.42%
  • Ebitda -36.19%
  • Net Worth 2.29%
  • Total Assets 0.09%

About Hero Steels

Hero Steels Limited (HSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 July 2010 and has a history of 14 years and seven months. Its registered office is in South Delhi, Delhi, India.

The Corporate was formerly known as Hero Steels Private Limited. The Company is engaged in the Metals And Minerals 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 175.00 Cr and a paid-up capital of Rs 142.00 Cr.

The company currently has active open charges totaling ₹399.40 Cr. The company has closed loans amounting to ₹496.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hero Steels Limited India are Madhur Gupta as Ceo, Gurpreet Saluja as Company Secretary, and Abhineet Shukla as Cfo. Suman Munjal, Sunil Munjal, Sushil Roongta, and Three other members serve as directors at the Company.

Company Details

  • Location

    South Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    herosteels.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U28999DL2010PLC205966

  • Company No.

    205966

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Jul 2010

  • Date of AGM

    28 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

What products or services does Hero Steels Limited offer?

Hero Steels Limited offers a wide range of products and services, including Apparel & Textile Machinery, Fabric Cutters, Steel & Stainless Steel Products, Steel and Stainless Steel Coils, Shearing, Trimming & Metal Profiling, Metal Slitting Machine, Cutting Machines & Equipment, Cutting Machine.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Madhur Gupta Country flag representing In CEO19-Nov-2019Current
Gurpreet Saluja Country flag representing In Company Secretary25-Nov-2021Current
Abhineet Shukla CFO01-Jul-2022Current

Board Members (6)

NameDesignationAppointment DateStatus
Sushil Roongta Country flag representing In Director 13-Jan-2016Current
Rekha Sethi Country flag representing In Director 03-Aug-2016Current
Jogendra Singh Country flag representing In Director 08-Jun-2020Current
Suman Munjal Country flag representing In Director 16-Jul-2010Current
Sunil Munjal Country flag representing In Director 16-Jul-2010Current
Shefali Munjal Country flag representing In Director 16-Jul-2010Current

Financial Performance of Hero Steels.

Hero Steels Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.47% decrease. The company also saw a substantial fall in profitability, with a 67.42% decrease in profit. The company's net worth moved up by a moderate rise of 2.29%.

Hero Steels revenue growth over time
Hero Steels 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
-0.47%
Revenue from Operations
-0.76%
Total Assets
0.09%
Profit or Loss
-67.42%
Net Worth
2.29%
EBITDA
-36.19%

What is the Ownership and Shareholding Structure of Hero Steels?

In 2023, Hero Steels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹399.40 Cr

Satisfied Charges

₹496.50 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 185.50 Cr
  • Others : 135.90 Cr
  • Axis Bank Limited : 40.00 Cr
  • State Bank Of India : 38.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Jul 2021Axis Bank Limited₹40.00 CrOpen
24 Mar 2021Hdfc Bank Limited₹20.50 CrOpen
01 May 2020Others₹45.00 CrOpen
12 Dec 2019Hdfc Bank Limited₹50.00 CrOpen
05 May 2015Hdfc Bank Limited₹115.00 CrOpen

How Many Employees Work at Hero Steels?

Hero Steels has a workforce of 462 employees as of Mar 22, 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 Steels Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge with State Bank Of India of Rs. 38.00 Cr registered on 31 Jan 2015 with Charge ID 10563710 was modified on 19 Sep 2023.

  • Charges

    A charge registered on 23 Jul 2021 via Charge ID 100469410 with Others was fully satisfied on 01 Sep 2023.

  • Charges

    A charge with Others of Rs. 4.90 Cr registered on 27 Jul 2012 with Charge ID 10372227 was modified on 02 Aug 2023.

  • Annual General Meeting

    Hero Steels Limited last Annual general meeting of members was held on 28 Jul 2023 as per latest MCA records.

  • Balance Sheet

    Hero Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Charges

    A charge with Others of Rs. 45.00 Cr registered on 01 May 2020 with Charge ID 100337277 was modified on 19 Jul 2022.

Frequently asked questions

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

    Hero Steels Limited was incorporated on 16 Jul 2010.

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

    The authorized share capital of Hero Steels Limited is ₹ 175.00 Cr and paid-up capital is ₹ 142.00 Cr.

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

    Currently 9 directors are associated with Hero Steels Limited.

    • Suman Kant Munjal
    • Sunil Kant Munjal
    • Sushil Kumar Roongta
    • Shefali Munjal
    • Jogendra Singh
    • Rekha Sethi
    • Madhur Gupta
    • Gurpreet Saluja
    • Abhineet Shukla

  • What is the registered address of Hero Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hero Steels Limited is 264 Okhla Industrial Estate, Phase Iii, New Delhi, India, 110020.

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

    The corporate identification number (CIN) of Hero Steels Limited is U28999DL2010PLC205966 and the company number is 205966 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hero Steels Limited?

    The Official website of Hero Steels Limited is https://www.herosteels.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Hero Steels Limited has fallen by -0.47%.

  • How many employees does Hero Steels Limited currently have?

    As Per 2023 financial reports, 462 employees are currently employed by Hero Steels Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Hero Steels Limited has experienced an upsurge of 2.29%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Hero Steels Limited amount to ₹ 399.40 Cr.

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

    The most recent Balance Sheet for Hero Steels Limited was filed with the ROC on 31 Mar 2023.

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