Higher Education Financing Agency

Provides financial aid for educational infrastructure and R&D in higher education institutions.

2017 | Bangaluru, Karnataka (India) | Active
Last Updated: December 17, 2024

Higher Education Financing Agency Profile

Key Indicators

  • Authorised Capital ₹ 10,000.00 Cr
  • Paid Up Capital ₹ 5,293.75 Cr
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,000.00 Cr
  • Satisfied Charges ₹ 4,000.00 Cr
  • Revenue Growth -1.35%
  • Profit Growth 1.34%
  • Ebitda 0.01%
  • Net Worth 7.30%
  • Total Assets -2.39%

About Higher Education Financing Agency

Higher Education Financing Agency (HEFA) is a Private Not For Profit Company incorporated in India on 31 May 2017 (Seven years and eight months 23 days old ). Its registered office is in Bangaluru, Karnataka, India.

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 2024. It's a company limited by shares with an authorized capital of Rs 10,000.00 Cr and a paid-up capital of Rs 5,293.75 Cr.

The company currently has active open charges totaling ₹1,000.00 Cr. The company has closed loans amounting to ₹4,000.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Higher Education Financing Agency India are Gourav Sunil as COMPANY SECRETARY and Rahul Saini as Cfo. Ashok Misra, Rishikesha Krishnan, Virander Chauhan, and Five other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    hefa.co.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999KA2017NPL103474

  • Company No.

    103474

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    31 May 2017

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Higher Education Financing Agency?

Executive Team (3)

NameDesignationAppointment DateStatus
Thophic Mahammad Country flag representing In Managing Director17-Apr-2023Current
Gourav Sunil Company Secretary21-Aug-2023Current
Rahul Saini CFO14-Apr-2023Current

Board Members (7)

NameDesignationAppointment DateStatus
Sunil Barnwal Country flag representing In Nominee Director 18-Oct-2023Current
Rishikesha Krishnan Country flag representing In Nominee Director 12-Jun-2017Current
Ashok Misra Country flag representing In Director 12-Jun-2017Current
Virander Chauhan Country flag representing In Director 12-Jun-2017Current
Bhaskar Ramamurthi Country flag representing In Nominee Director 12-Jun-2017Current
Sanjay Kondru Country flag representing In Nominee Director 01-Oct-2021Current

Financial Performance of Higher Education Financing Agency.

Higher Education Financing Agency, for the financial year ended 2022, experienced Minor drop in revenue, with a 1.35% decrease. The company also saw a slight improvement in profitability, with a 1.34% increase in profit. The company's net worth moved up by a moderate rise of 7.3%.

Graph illustrating revenue growth over time
Graph showing 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
-1.35%
Revenue from Operations
-1.34%
Total Assets
-2.39%
Profit or Loss
1.34%
Net Worth
7.30%
EBITDA
0.01%

What is the Ownership and Shareholding Structure of Higher Education Financing Agency?

In 2022, Higher Education Financing Agency 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

₹1,000.00 Cr

Satisfied Charges

₹4,000.00 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 1000.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2024Canara Bank₹500.00 CrOpen
02 Sep 2023Canara Bank₹500.00 CrOpen
29 Dec 2021Canara Bank₹1,700.00 CrSatisfied
16 Dec 2020Hdfc Bank Limited₹300.00 CrSatisfied
12 May 2020State Bank Of India₹2,000.00 CrSatisfied

How Many Employees Work at Higher Education Financing Agency?

Unlock and access historical data on people associated with Higher Education Financing Agency, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Higher Education Financing Agency, 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 Higher Education Financing Agency'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 Higher Education Financing Agency

Recent activity within the organization

  • Annual General Meeting

    Higher Education Financing Agency last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100933424 was registered on 30 May 2024.

    30 May 2024

  • Balance Sheet

    Higher Education Financing Agency has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Sunil Kumar Barnwal was appointed as a Nominee Director was appointed as a Nominee Director on 18 Oct 2023 & has been associated with this company since 1 year 4 months .

    18 Oct 2023

  • Director Appointment

    Ashok Chandra was appointed as a Nominee Director was appointed as a Nominee Director on 18 Oct 2023 & has been associated with this company since 1 year 4 months .

    18 Oct 2023

  • Charges

    A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100796557 was registered on 02 Sep 2023.

    02 Sep 2023

Frequently asked questions

  • Higher Education Financing Agency was incorporated on 31 May 2017.

  • The authorized share capital of Higher Education Financing Agency is ₹ 10,000.00 Cr and paid-up capital is ₹ 5,293.75 Cr.

  • Currently 10 directors are associated with Higher Education Financing Agency.

    • Ashok Misra
    • Rishikesha Thiruvenkata Krishnan
    • Virander Singh Chauhan
    • Bhaskar Ramamurthi
    • Sanjay Murthy Kondru
    • Sunil Kumar Barnwal
    • Ashok Chandra
    • Thophic Mobbin Mahammad
    • Gourav Sunil
    • Rahul Saini
  • As per Ministry of Corporate Affairs (Mca), the registered address of Higher Education Financing Agency is Stock Exchange Towers No. 51 1St Floor Cross, Jc Road India, Bangalore Urban, Karnataka, 560027.

  • The corporate identification number (CIN) of Higher Education Financing Agency is U74999KA2017NPL103474 and the company number is 103474 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Higher Education Financing Agency is https://www.hefa.co.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Higher Education Financing Agency has fallen by -1.35%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Higher Education Financing Agency has experienced an upsurge of 7.30%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Higher Education Financing Agency amount to ₹ 1,000.00 Cr.

  • The most recent Balance Sheet for Higher Education Financing Agency was filed with the ROC on 31 Mar 2024.

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