Promoter holding
64.27%
HL
Heg Limited - Due diligence report
A 360° intelligence report on Heg (India): trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Heg (India) — 360° Intelligence Report
Generated from MCA filings & public records81/100
Trust Score
Low Risk
Heg (India) is assessed as Low Risk with a Trust Score of 81/100. Heg (India) is an active public limited indian non-government company incorporated in 1972, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 04 Jul 2026 from the latest processed filings. Heg 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
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 1 open (1,500.00 cr) · 129 satisfied (4,790.59 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 8 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Others | 4 | 48.0 cr |
| State Bank Of India; | 4 | 48.0 cr |
| Idbi Bank Limited | 3 | 48.0 cr |
| Industrial Development Bank Of India | 9 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- 5 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SATISH CHAND MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH GULATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAND GOPAL KHAITAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDIP SOMANY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMAL GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRIYA SHANKAR DASGUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINITA SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYANT DAVAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHEKHAR AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RIJU JHUNJHUNWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK CHAUDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMNI NIRULA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI JHUNJHUNWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ravikant Tripathi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- 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 2025 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
1
Group entities
3
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Tacc Limited | Subsidiary Company | 74.00% |
| Bhilwara Energy Limited | Associate Company | 74.00% |
| Bhilwara Infotechnology Limited | Associate Company | 74.00% |
Key managerial personnel: MANISH GULATI (Whole-time director) · RAVI JHUNJHUNWALA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 53+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
3 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 1,500.00 cr already registered.
- Compliance record supports lending.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events20 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Nov 2024
Director appointed
Ravikant Tripathi (Cfo)
14 Nov 2024
Director appointed
KAMAL GUPTA (Director)
19 Sep 2024
Director ceased
NAND GOPAL KHAITAN
Director ceased
SANDIP SOMANY
Director ceased
PRIYA SHANKAR DASGUPTA
13 Aug 2024
Director appointed
NAND GOPAL KHAITAN (Director)
Director appointed
SANDIP SOMANY (Director)
Director appointed
PRIYA SHANKAR DASGUPTA (Director)
01 Sep 2022
Director ceased
DAVINDER KUMAR CHUGH
11 Aug 2022
Charge satisfied
Others
01 Apr 2022
Charge created
Others - 30.00 cr
29 Aug 2021
Director ceased
OM PARKASH BAHL
12 Jan 2021
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
14 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Star Cement (India) | L26942ML2001PLC006663 | Meghalaya, Meghalaya, India |
| Mangalam | L24224GJ2010PLC062434 | Ahmedabad, Gujarat, India |
| Abharan Jewellers Private Limited | U27205KA2011PTC058025 | Udupi, Karnataka, India |
| Heidelbergcement India | L26942HR1958FLC042301 | Dlf Qe, Haryana, India |
| Emerson Process Management (India) Private Limited | U29196MH1981PTC024115 | Mumbai, Maharashtra, India |
| Vysyaraju Jewellers Private Limited | U36910AP2019PTC112651 | Visakhapatnam, Andhra Pradesh, India |
| Hil | L74999TG1955PLC000656 | Hyderabad, Telangana, India |
| Pc Jeweller | L36911DL2005PLC134929 | New Delhi, Delhi, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Heg (India) before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Heg (India): 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Heg (India) - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Heg (India) pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Heg (India) - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Heg (India) an active company?
Heg (India) has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Heg (India) financially healthy?
Heg (India) has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Heg (India)?
Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Heg (India)?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Heg (India) have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 129 earlier charge(s) stand satisfied.
Is Heg (India) up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Heg (India)?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
