Hira Ferro Alloys Limited

Manufacturer of manganese-based ferroalloys and surplus power seller with multiple power plants.

1984 | Raipur, Chattisgarh (India) | Active
Last Updated:

Hira Ferro Alloys Profile

Key Indicators

  • Authorised Capital ₹ 133.60 Cr
  • Paid Up Capital ₹ 133.19 Cr
  • Company Age 40 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 232.95 Cr
  • Satisfied Charges ₹ 1,922.43 Cr
  • Revenue Growth -23.21%
  • Profit Growth -80.80%
  • Ebitda -81.89%
  • Net Worth 1.69%
  • Total Assets 17.63%

About Hira Ferro Alloys

Hira Ferro Alloys Limited (HFAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 December 1984 and has a history of 40 years and two months. Its registered office is in Raipur, Chattisgarh, India.

The Corporate was formerly known as Parin Commercial Limited. The Company is engaged in the Environment 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 133.60 Cr and a paid-up capital of Rs 133.19 Cr.

The company currently has active open charges totaling ₹232.95 Cr. The company has closed loans amounting to ₹1,922.43 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hira Ferro Alloys Limited India are Mohit Chande as COMPANY SECRETARY and Dilip Chauhan as Cfo. Hukam Daga, Yarra Rao, Missbhavna Desai, and Four other members serve as directors at the Company.

Company Details

  • Location

    Raipur, Chattisgarh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27101CT1984PLC005837

  • Company No.

    005837

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Dec 1984

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chhattisgarh

Industry

Environment
Metals and Minerals
Energy and Power

What products or services does Hira Ferro Alloys Limited offer?

Hira Ferro Alloys Limited offers a wide range of products and services, including Ferro Alloys, High Carbon Ferro Manganese, Ferro Manganese, Biofuel, Biomass, Bricks, Fly Ash Bricks, Windmills & Wind Turbines, Generators, Turbines & Power Plants, Power Plants & Spare Parts.

Who are the key members and board of directors at Hira Ferro Alloys?

Executive Team (3)

NameDesignationAppointment DateStatus
Mohit Chande Company Secretary01-Jan-2008Current
Dilip Chauhan CFO24-May-2014Current
Narayan Agrawal Country flag representing In Managing Director29-Sep-2001Current

Board Members (6)

NameDesignationAppointment DateStatus
Vinod Pillai Country flag representing In Whole-Time Director 01-Apr-2022Current
Hukam Daga Country flag representing In Director 20-Aug-2024Current
Yarra Rao Country flag representing In Director 26-Apr-1999Current
Missbhavna Desai Country flag representing In Director 07-Aug-2020Current
Ajay Dubey Country flag representing In Director 26-Sep-2019Current
Dinesh Gandhi Country flag representing In Director 12-Apr-2022Current

Financial Performance of Hira Ferro Alloys.

Hira Ferro Alloys Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.21% decrease. The company also saw a substantial fall in profitability, with a 80.8% decrease in profit. The company's net worth moved up by a moderate rise of 1.69%.

Hira Ferro Alloys revenue growth over time
Hira Ferro Alloys 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
-23.21%
Revenue from Operations
-23.50%
Total Assets
17.63%
Profit or Loss
-80.80%
Net Worth
1.69%
EBITDA
-81.89%

What is the Ownership and Shareholding Structure of Hira Ferro Alloys?

In 2023, Hira Ferro Alloys had a promoter holding of 91.83% and a public holding of 8.17%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹232.95 Cr

Satisfied Charges

₹1,922.43 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 150.06 Cr
  • Axis Bank Limited : 80.00 Cr
  • Hdfc Bank Limited : 2.89 Cr

Latest Charge Details

DateLenderAmountStatus
28 May 2024Hdfc Bank Limited₹1.84 CrOpen
01 Aug 2023Axis Bank Limited₹80.00 CrOpen
18 Oct 2021Hdfc Bank Limited₹3.87 MOpen
09 Sep 2021Hdfc Bank Limited₹6.63 MOpen
28 May 2021State Bank Of India₹146.60 CrOpen

How Many Employees Work at Hira Ferro Alloys?

Hira Ferro Alloys has a workforce of 408 employees as of Oct 20, 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.

Employee growth trends for Hira Ferro Alloys Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hira Ferro Alloys, 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 Ferro Alloys'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 Ferro Alloys

Recent activity within the organization

  • Annual General Meeting

    Hira Ferro Alloys Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Director Appointment

    Hukam Chand Daga was appointed as a Director was appointed as a Director on 20 Aug 2024 & has been associated with this company since 7 months 7 days .

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.84 Cr with Charge ID 100931191 was registered on 28 May 2024.

  • Balance Sheet

    Hira Ferro Alloys Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chhattisgarh.

  • Charges

    A charge with State Bank Of India of Rs. 146.60 Cr registered on 28 May 2021 with Charge ID 100452599 was modified on 17 Jan 2024.

  • Charges

    A charge registered on 23 May 2011 via Charge ID 10292359 with State Bank Of India was fully satisfied on 24 Nov 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Hira Ferro Alloys Limited?

    Hira Ferro Alloys Limited was incorporated on 31 Dec 1984.

  • What is authorized share capital and paid-up capital of Hira Ferro Alloys Limited?

    The authorized share capital of Hira Ferro Alloys Limited is ₹ 133.60 Cr and paid-up capital is ₹ 133.19 Cr.

  • Who are the current board members & directors of Hira Ferro Alloys Limited?

    Currently 9 directors are associated with Hira Ferro Alloys Limited.

    • Hukam Chand Daga
    • Yarra Chandra Rao
    • Mohit Chande
    • Dilip Chauhan
    • Missbhavna Govindbhai Desai
    • Ajay Dubey
    • Vinod Pillai
    • Narayan Prasad Agrawal
    • Dinesh Kumar Gandhi

  • What is the registered address of Hira Ferro Alloys Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hira Ferro Alloys Limited is Plot No. 567/B Urla Industrial Area India, Raipur, Chattisgarh, 493221.

  • What is the corporate identification number (CIN) and company number of Hira Ferro Alloys Limited?

    The corporate identification number (CIN) of Hira Ferro Alloys Limited is U27101CT1984PLC005837 and the company number is 005837 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hira Ferro Alloys Limited?

    The Official website of Hira Ferro Alloys Limited is https://www.hiragroup.com

  • What has been the recent revenue trend for Hira Ferro Alloys Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Hira Ferro Alloys Limited has fallen by -23.21%.

  • How many employees does Hira Ferro Alloys Limited currently have?

    As Per 2023 financial reports, 408 employees are currently employed by Hira Ferro Alloys Limited.

  • What change has been observed in the net worth of Hira Ferro Alloys Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Hira Ferro Alloys Limited has experienced an upsurge of 1.69%.

  • What are the total open charges for Hira Ferro Alloys Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Hira Ferro Alloys Limited amount to ₹ 232.95 Cr.

  • When was the last Balance Sheet of Hira Ferro Alloys Limited filed with the ROC?

    The most recent Balance Sheet for Hira Ferro Alloys Limited was filed with the ROC on 31 Mar 2024.

People also Viewed