

Higher Education Financing Agency Profile
Key Indicators
- Authorised Capital ₹ 10,000.00 Cr
- Paid Up Capital ₹ 5,293.75 Cr
- Company Age 7 Year, 11 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 11 months 14 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%.


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- Balance Sheet
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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 Limited
Ashok Misra is a mutual person
- Kirloskar Electric Company Limited
Ashok Misra is a mutual person
- Wheels India Limited
Rishikesha Krishnan is a mutual person
- Veranda Learning Solutions Limited
Ashok Misra is a mutual person
- Tejas Networks Limited
Bhaskar Ramamurthi is a mutual person
- National Payments Corporation Of India
Rishikesha 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

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.
- Charges
A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100933424 was registered on 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.
- 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 6 months .
- 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 6 months .
- Charges
A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100796557 was registered on 02 Sep 2023.
Frequently asked questions
What is the Incorporation or founding date of Higher Education Financing Agency?
Higher Education Financing Agency was incorporated on 31 May 2017.
What is authorized share capital and paid-up capital of Higher Education Financing Agency?
The authorized share capital of Higher Education Financing Agency is ₹ 10,000.00 Cr and paid-up capital is ₹ 5,293.75 Cr.
Who are the current board members & directors of Higher Education Financing Agency?
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
What is the registered address of Higher Education Financing Agency?
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.
What is the corporate identification number (CIN) and company number of Higher Education Financing Agency?
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).
What is the official website of Higher Education Financing Agency?
The Official website of Higher Education Financing Agency is https://www.hefa.co.in
What has been the recent revenue trend for Higher Education Financing Agency?
According to the financial reports for the fiscal year 2022, the revenue trend for Higher Education Financing Agency has fallen by -1.35%.
What change has been observed in the net worth of Higher Education Financing Agency, and by what percentage?
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%.
What are the total open charges for Higher Education Financing Agency?
As per the financial statements for fiscal Year 2022, The total open charges for Higher Education Financing Agency amount to ₹ 1,000.00 Cr.
When was the last Balance Sheet of Higher Education Financing Agency filed with the ROC?
The most recent Balance Sheet for Higher Education Financing Agency was filed with the ROC on 31 Mar 2024.
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