Hira Electro Smelters Limited

Manufacturer of ferroalloys, iron, steel, and carbon-silicon manganese with increased capacity and part of Hira Group.

2007 | Vizianagaram, Andhra Pradesh (India) | Active
Last Updated: November 16, 2024

Hira Electro Smelters Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 4.80 Cr
  • Company Age 18 Year, 28 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 227.37 Cr
  • Satisfied Charges ₹ 87.41 Cr
  • Revenue Growth -7.57%
  • Profit Growth -84.19%
  • Ebitda -83.40%
  • Net Worth 9.34%
  • Total Assets 38.78%

About Hira Electro Smelters

Hira Electro Smelters Limited (HESL) is a leading Public Limited Indian Non-Government Company incorporated in India on 25 January 2007 and has a history of 18 years. Its registered office is in Vizianagaram, Andhra Pradesh, India.

The Corporate was formerly known as Rvr Smelters 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 2024. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 4.80 Cr.

The company currently has active open charges totaling ₹227.37 Cr. The company has closed loans amounting to ₹87.41 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ashok Dash, Rahul Agrawal, Subhash Mahandru, and Three other members serve as directors at the Company.

Company Details

  • Location

    Vizianagaram, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    hpslindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27109AP2007PLC052498

  • Company No.

    052498

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    25 Jan 2007

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Metals and Minerals

Who are the key members and board of directors at Hira Electro Smelters?

Board Members (6)

NameDesignationAppointment DateStatus
Shruti Bajaj Country flag representing In Director 08-Dec-2022Current
Ashok Dash Country flag representing In Whole-Time Director 10-Sep-2017Current
Rahul Agrawal Country flag representing In Whole-Time Director 01-Aug-2011Current
Subhash Mahandru Country flag representing In Director 10-Nov-2016Current
Pankaj Shukla Country flag representing In Director Current
Srinivasa Pappala Country flag representing In Whole-Time Director Current

Financial Performance of Hira Electro Smelters.

Hira Electro Smelters Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.57% decrease. The company also saw a substantial fall in profitability, with a 84.19% decrease in profit. The company's net worth moved up by a moderate rise of 9.34%.

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
-7.57%
Revenue from Operations
-7.77%
Total Assets
38.78%
Profit or Loss
-84.19%
Net Worth
9.34%
EBITDA
-83.40%

What is the Ownership and Shareholding Structure of Hira Electro Smelters?

In 2023, Hira Electro Smelters 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

₹227.37 Cr

Satisfied Charges

₹87.41 Cr

Charges Breakdown by Lending Institutions

  • Idbi Bank Limited : 93.00 Cr
  • Others : 49.00 Cr
  • Bank Of India : 45.00 Cr
  • Hdfc Bank Limited : 37.37 Cr
  • Icici Bank Limited : 3.00 Cr

Latest Charge Details

DateLenderAmountStatus
01 Aug 2024Bank Of India₹45.00 CrOpen
09 Aug 2023Hdfc Bank Limited₹3.95 MOpen
04 Aug 2023Hdfc Bank Limited₹3.98 MOpen
04 Aug 2023Hdfc Bank Limited₹3.98 MOpen
18 May 2023Hdfc Bank Limited₹0.79 MOpen

How Many Employees Work at Hira Electro Smelters?

Hira Electro Smelters has a workforce of 85 employees as of Apr 02, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hira Electro Smelters, 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 Hira Electro Smelters'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 Hira Electro Smelters

Recent activity within the organization

  • Annual General Meeting

    Hira Electro Smelters Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Bank Of India amounted to Rs. 45.00 Cr with Charge ID 100965981 was registered on 01 Aug 2024.

    01 Aug 2024

  • Charges

    A charge registered on 16 Aug 2023 via Charge ID 100778276 with State Bank Of India was fully satisfied on 15 Jun 2024.

    15 Jun 2024

  • Balance Sheet

    Hira Electro Smelters Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

    31 Mar 2024

  • Charges

    A charge with Idbi Bank Limited of Rs. 58.00 Cr registered on 30 Mar 2022 with Charge ID 100559017 was modified on 04 Mar 2024.

    04 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 50.00 Cr with Charge ID 100778276 was registered on 16 Aug 2023.

    16 Aug 2023

Frequently asked questions

  • Hira Electro Smelters Limited was incorporated on 25 Jan 2007.

  • The authorized share capital of Hira Electro Smelters Limited is ₹ 6.00 Cr and paid-up capital is ₹ 4.80 Cr.

  • Currently 6 directors are associated with Hira Electro Smelters Limited.

    • Ashok Kumar Dash
    • Rahul Agrawal
    • Subhash Mahandru
    • Pankaj Shukla
    • Shruti Avinash Bajaj
    • Srinivasa Rao Pappala
  • As per Ministry of Corporate Affairs (Mca), the registered address of Hira Electro Smelters Limited is Plot No. 364 To 367 Apiic Growth Centre, India, Bobbili, Andhra Pradesh, 535558.

  • The corporate identification number (CIN) of Hira Electro Smelters Limited is U27109AP2007PLC052498 and the company number is 052498 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Hira Electro Smelters Limited is https://www.hpslindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Hira Electro Smelters Limited has fallen by -7.57%.

  • As Per 2023 financial reports, 85 employees are currently employed by Hira Electro Smelters Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Hira Electro Smelters Limited has experienced an upsurge of 9.34%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Hira Electro Smelters Limited amount to ₹ 227.37 Cr.

  • The most recent Balance Sheet for Hira Electro Smelters Limited was filed with the ROC on 31 Mar 2024.

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