Hero Wiretex Limited
Manufacturer and trader of electrical materials, machinery parts, palm oil, nickel/copper cathodes, and textile products.
1991 | Vizianagaram, Andhra Pradesh (India) | Active
Hero Wiretex Profile
Key Indicators
- Authorised Capital ₹ 14.00 Cr
- Paid Up Capital ₹ 13.73 Cr
- Company Age 34 Year, 26 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 33.00 Cr
- Satisfied Charges ₹ 10.61 Cr
- Revenue Growth -100.00%
- Profit Growth 22.56%
- Ebitda -0.01%
- Net Worth -208.38%
- Total Assets -30.49%
About Hero Wiretex
Hero Wiretex Limited (HWL) is a Public Limited Indian Non-Government Company incorporated in India on 11 February 1991 and has a history of 34 years. Its registered office is in Vizianagaram, Andhra Pradesh, India.
The Corporate was formerly known as Hero Wiretex Private Limited. The Company is engaged in the Manufacturing 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 14.00 Cr and a paid-up capital of Rs 13.73 Cr.
The company currently has active open charges totaling ₹33.00 Cr. The company has closed loans amounting to ₹10.61 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Hero Wiretex Limited India is Raveendra Sangapu as CFO. Grandhi Raju, Ramesh Velivela, and Sridhar Vanjarapu serve as directors at the Company.
Company Details
- Location
Vizianagaram, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31300AP1991PLC012315
- Company No.
012315
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
11 Feb 1991
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Manufacturing
Machinery and Equipment
Who are the key members and board of directors at Hero Wiretex?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Grandhi Raju  | Managing Director | 05-Jan-2021 | Current |
| Raveendra Sangapu | CFO | 03-Aug-2018 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramesh Velivela | Additional Director | 22-Oct-2020 | Current |
| Sridhar Vanjarapu | Additional Director | 05-Jan-2021 | Current |
Financial Performance of Hero Wiretex.
Hero Wiretex Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 100% decrease. The company also saw a substantial improvement in profitability, with a 22.56% increase in profit. The company's net worth observed a substantial decline by a decrease of 208.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hero Wiretex?
In 2022, Hero Wiretex had a promoter holding of 54.05% and a public holding of 45.95%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Sml Dyetex And Industries Private Limited
Grandhi Raju is a mutual person
- Sri Sai Sathvik Impex Private Limited
Grandhi Raju is a mutual person
- Eiffel Power Limited
Grandhi Raju is a mutual person
- Uy Scuti Infratech Private Limited
Ramesh Velivela and Sridhar Vanjarapu are mutual person
- Pentacle Infrastructures And Towers Private Limited
Sridhar Vanjarapu is a mutual person
- Satidham Syntex Limited
Sridhar Vanjarapu is a mutual person
Charges (Loans)
Open Charges
₹33.00 Cr
Satisfied Charges
₹10.61 Cr
Charges Breakdown by Lending Institutions
- Syndicate Bank : 23.00 Cr
- Hdfc Bank Limited : 10.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 May 2016 | Hdfc Bank Limited | ₹10.00 Cr | Open |
| 18 Nov 2015 | Syndicate Bank | ₹23.00 Cr | Open |
| 24 Mar 1999 | Indian Renewable Energy Development Agency Limited | ₹5.90 Cr | Satisfied |
| 04 Apr 1996 | State Bank Of India | ₹3.51 Cr | Satisfied |
| 30 Jun 1993 | Andhra Bank | ₹6.00 M | Satisfied |
How Many Employees Work at Hero Wiretex?
Hero Wiretex has a workforce of 1 employees as of Apr 08, 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 Wiretex, 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 Wiretex'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 Wiretex
Recent activity within the organization
- Annual General Meeting
Hero Wiretex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Hero Wiretex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Director Appointment
Grandhi Butchi Raju was appointed as a Managing Director was appointed as a Managing Director on 05 Jan 2021 & has been associated with this company since 4 years 2 months .
- Director Appointment
Sridhar Vanjarapu was appointed as a Additional Director was appointed as a Additional Director on 05 Jan 2021 & has been associated with this company since 4 years 2 months .
- Director Appointment
Ramesh Velivela was appointed as a Additional Director was appointed as a Additional Director on 22 Oct 2020 & has been associated with this company since 4 years 4 months .
- Charges
A charge with Syndicate Bank of Rs. 23.00 Cr registered on 18 Nov 2015 with Charge ID 10615852 was modified on 16 Aug 2018.
Frequently asked questions
What is the Incorporation or founding date of Hero Wiretex Limited?
Hero Wiretex Limited was incorporated on 11 Feb 1991.
What is authorized share capital and paid-up capital of Hero Wiretex Limited?
The authorized share capital of Hero Wiretex Limited is ₹ 14.00 Cr and paid-up capital is ₹ 13.73 Cr.
Who are the current board members & directors of Hero Wiretex Limited?
Currently 4 directors are associated with Hero Wiretex Limited.
- Grandhi Butchi Raju
- Ramesh Velivela
- Sridhar Vanjarapu
- Raveendra Sangapu
What is the registered address of Hero Wiretex Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Hero Wiretex Limited is Anthakapally, Rajam Road India, Srikakulam, Andhra Pradesh, 532127.
What is the corporate identification number (CIN) and company number of Hero Wiretex Limited?
The corporate identification number (CIN) of Hero Wiretex Limited is U31300AP1991PLC012315 and the company number is 012315 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Hero Wiretex Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Hero Wiretex Limited has fallen by -100.00%.
How many employees does Hero Wiretex Limited currently have?
As Per 2023 financial reports, 1 employees are currently employed by Hero Wiretex Limited.
What change has been observed in the net worth of Hero Wiretex Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Hero Wiretex Limited has experienced an downturn of -208.38%.
What are the total open charges for Hero Wiretex Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Hero Wiretex Limited amount to ₹ 33.00 Cr.
When was the last Balance Sheet of Hero Wiretex Limited filed with the ROC?
The most recent Balance Sheet for Hero Wiretex Limited was filed with the ROC on 31 Mar 2024.
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