About HEFA
HEFA is a Technology company based in Bengaluru (India) founded in 2017. It offers loans for higher education infrastructure and research facilities. It operates on a B2B model in Technology and Financial Services sectors. Its website hefa.co.in draws about 10 thousand monthly visits. Its Indian entity Higher Education Financing Agency reported revenue of ₹597 Cr. HEFA offers products and services including Term Loans and Escrow Repayment Mechanism. Its focus areas include FinTech, Investment Tech, Research Funding and R&D Facilities.
Company details
HEFA, a joint venture of Canara Bank and Indias Ministry of Education, provides financial assistance for creating and renovating educational infrastructure, including RD facilities. It focuses on premier institutions like IITs and NITs, offering term loans with competitive rates and quick sanctions. Based in India, it channels funds for new buildings, laboratories, and research projects, while promoting responsible lending and CSR contributions.
- Headquarters Bengaluru, India
- SectorsTechnologyFinancial Services
- Email••••••••
- Website hefa.co.in
- Social Facebook
- Legal Name Higher Education Financing Agency
- Date of Incorporation 31 May, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹597 Cr
FY 2021 · +54% YoY
- Net Profit₹442 Cr
FY 2021 · 74% margin
- EBITDA₹551 Cr
FY 2021 · 92% margin
Associated legal entities of HEFA
HEFA operates through Higher Education Financing Agency (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Higher Education Financing Agency CIN U74999KA2017NPL103474 | Active | 31 May 2017 | Bangalore, Karnataka | ₹597 Cr | 9 | View details |
Products & Services of HEFA
HEFA offers a comprehensive portfolio of products and services, including Term Loans and Escrow Repayment Mechanism.
Loans for educational infrastructure and R&D development
System for efficient loan repayment and fund monitoring
Board of directors of Higher Education Financing Agency (HEFA)
Higher Education Financing Agency is the primary company behind HEFA. The board of Higher Education Financing Agency currently have 7 directors; the longest-serving is Bhaskar Ramamurthi, appointed in 2017. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhaskar Ramamurthi DIN 01914155 | Nominee Director | 12 Jun 2017 | 9 yrs 4 mo | Higher Education Financing Agency |
| Rishikesha Thiruvenkata Krishnan DIN 00064067 | Nominee Director | 12 Jun 2017 | 9 yrs 4 mo | Higher Education Financing Agency |
| Ashok Misra DIN 00006051 | Director | 12 Jun 2017 | 9 yrs 4 mo | Higher Education Financing Agency |
| Virander Singh Chauhan DIN 00454113 | Director | 12 Jun 2017 | 9 yrs 4 mo | Higher Education Financing Agency |
| Thophic Mobbin Mahammad DIN 10118049 | Managing Director | 17 Apr 2023 | 3 yrs 6 mo | Higher Education Financing Agency |
| Vineet Joshi DIN 07078936 | Nominee Director | 01 Feb 2025 | 1 yr 9 mo | Higher Education Financing Agency |
| Bhavendra Kumar DIN 10401479 | Nominee Director | 09 Jun 2025 | 1 yr 4 mo | Higher Education Financing Agency |
Financials of HEFA
Figures of Higher Education Financing Agency, the primary company behind HEFA, for FY 2021. Revenue was ₹597 Cr (+54% year on year). Net profit was ₹442 Cr (74% margin). EBITDA was ₹551 Cr (92% margin). Revenue has grown at a compounded annual rate of +275% over three years.
- ₹597 CrRevenue · FY 2021 · +54% YoY
- ₹442 CrNet profit · 74% margin
- ₹551 CrEBITDA · 92% margin
- ₹5,294 CrPaid-up capital
- +275%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Higher Education Financing Agency are on its company page.
Detailed financial statements for HEFA
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Web traffic of HEFA
The website of HEFA (hefa.co.in) receives about 10.4K visits a month.
- Monthly visits10.4K
▲ 431.8% vs previous month
Websites whose visitors overlap most with HEFA. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jupiterinfomedia.com | 100% | View details | |||
| reliancemoney.co.in | 27% | View details |
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as HEFA (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Frequently Asked Questions about HEFA
HEFA was founded in 2017.
HEFA is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind HEFA, Higher Education Financing Agency, reported revenue of ₹597 Cr for FY 2021, up 54% year on year.
HEFA, a joint venture of Canara Bank and Indias Ministry of Education, provides financial assistance for creating and renovating educational infrastructure, including RD facilities. It focuses on premier institutions like IITs and NITs, offering term loans with competitive rates and quick sanctions. Based in India, it channels funds for new buildings, laboratories, and research projects, while promoting responsible lending and CSR contributions.
HEFA offers Term Loans and Escrow Repayment Mechanism.
HEFA operates through Higher Education Financing Agency.
The legal entities of HEFA currently have 9 directors, including Bhaskar Ramamurthi, Rishikesha Thiruvenkata Krishnan, Thophic Mobbin Mahammad and others.