Promoter holding
64.27%
HI
Hec Infra Projects Limited - Due diligence report
A 360° intelligence report on Hecprojects: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Hecprojects — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Hecprojects is assessed as Low Risk with a Trust Score of 75/100. Hecprojects is an active public limited indian non-government company incorporated in 2005, operating in the Engineering sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 21 Jun 2026 from the latest processed filings. Hec Infra Projects Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 4 open (91.84 cr) · 16 satisfied (74.99 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 11 | 48.0 cr |
| Others | 6 | 48.0 cr |
| State Bank Of Bikaner And Jaipur | 1 | 48.0 cr |
| Reliance Capital Ltd | 1 | 48.0 cr |
| State Bank Of Bikaner & Jaipur | 1 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 2 auditor resignation(s) filed - latest: PARTH P SHAH & CO. on 2023-09-01.
- Delayed payments to MSME suppliers disclosed (4 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJKUMARI RAMCHAND UDHWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAURANG PARMANAND SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUPAL GAURANG SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YASH HINESHKUMAR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHUSHI RAJENDRA BHATT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVINDKUMAR HARIBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVINDKUMAR HARIBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHUSHI RAJENDRA BHATT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ronak Ashokbhai Mehta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL GAURANG SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- ARVINDKUMAR HARIBHAI PATEL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 6 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: GAURANG PARMANAND SHAH (Managing Director) · RUPAL GAURANG SHAH (Whole-time director) · ARVINDKUMAR HARIBHAI PATEL (CFO) · ARVINDKUMAR HARIBHAI PATEL (CFO) · RAHUL GAURANG SHAH (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
4 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 10.78 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment69/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 91.84 cr already registered.
- Compliance gaps should be priced into terms.
Investor view74/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events18 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Mar 2025
Director ceased
RAJKUMARI RAMCHAND UDHWANI
Director ceased
YASH HINESHKUMAR MEHTA
Director ceased
Ronak Ashokbhai Mehta
04 Mar 2025
Charge satisfied
Others
25 Jan 2025
Director appointed
RAJKUMARI RAMCHAND UDHWANI (Director)
Director appointed
YASH HINESHKUMAR MEHTA (Director)
Director appointed
Ronak Ashokbhai Mehta (Director)
Director ceased
RAINA SINGH
09 Dec 2024
Charge satisfied
Bank Of India
05 Dec 2024
Charge satisfied
Bank Of India
16 Aug 2024
Charge created
Others - 45.00 cr
09 Jul 2024
Charge satisfied
Bank Of India
01 Jul 2024
Charge created
Bank Of India - 2.50 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
4 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Vkgm Infrastructure Private Limited | U74999DL2018PTC340855 | East Delhi, Delhi, India |
| Protective General Engineering Private Limited | U74999JH2016PTC008874 | Jamshedpur, Jharkhand, India |
| Srk Infra Projects Private Limited | U45200AP2002PTC038486 | Visakhapatnam, Andhra Pradesh, India |
| Janak Buildcon Private Limited | U45201GJ2009PTC057376 | Surat, Gujarat, India |
| Venkateswara Aggregates Mining Private Limited | U14200AP2015PTC095990 | Vijayawada, Andhra Pradesh, India |
| S.A.K Superstructures Private Limited | U45101GJ2018PTC102443 | Vadodara, Gujarat, India |
| Shakthi Electricals Chennai Private Limited | U31401TN2005PTC056713 | Chennai, Tamil Nadu, India |
| Ans Decor Workshop Private Limited | U74120DL2008PTC185713 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Hecprojects before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Hecprojects: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Hecprojects - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Hecprojects pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Hecprojects - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Hecprojects an active company?
Hecprojects has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Hecprojects financially healthy?
Hecprojects has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Hecprojects?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Hecprojects?
Promoters hold a majority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Hecprojects have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Hecprojects up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Hecprojects?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
