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
- 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
Who are the key members and board of directors at Higher Education Financing Agency?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thophic Mahammad  | Managing Director | 17-Apr-2023 | Current |
| Gourav Sunil | Company Secretary | 21-Aug-2023 | Current |
| Rahul Saini | CFO | 14-Apr-2023 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sunil Barnwal | Nominee Director | 18-Oct-2023 | Current |
| Rishikesha Krishnan | Nominee Director | 12-Jun-2017 | Current |
| Ashok Misra | Director | 12-Jun-2017 | Current |
| Virander Chauhan | Director | 12-Jun-2017 | Current |
| Bhaskar Ramamurthi | Nominee Director | 12-Jun-2017 | Current |
| Sanjay Kondru | Nominee Director | 01-Oct-2021 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Skg Terra Promenade Private LimitedAshok Misra is a mutual person
Kirloskar Electric Company LimitedAshok Misra is a mutual person
Wheels India LimitedRishikesha Krishnan is a mutual person
Canara Hsbc Life Insurance Company LimitedAshok Chandra is a mutual person
Tejas Networks LimitedBhaskar Ramamurthi is a mutual person
National Payments Corporation Of IndiaRishikesha Krishnan is a mutual person
Charges (Loans)
₹1,000.00 Cr
₹4,000.00 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 1000.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2024 | Canara Bank | ₹500.00 Cr | Open |
| 02 Sep 2023 | Canara Bank | ₹500.00 Cr | Open |
| 29 Dec 2021 | Canara Bank | ₹1,700.00 Cr | Satisfied |
| 16 Dec 2020 | Hdfc Bank Limited | ₹300.00 Cr | Satisfied |
| 12 May 2020 | State Bank Of India | ₹2,000.00 Cr | Satisfied |
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.
Deals i
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
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
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