About HELA Systems
HELA Systems is a company based in Hyderabad (India) founded in 2005, and was acquired by IAI in July 2023. Manufacturer of hydronic solutions for building systems. The company has 50 employees. Its chief executive, as recorded, is Sukaran Singh. Its Indian entity Hela Systems Private Limited reported revenue of ₹12.63 Cr.
Company details
The company was founded in 2005 and is based in Hyderabad, India. Operations focus on the production of hydronic solutions for building systems, including components for heating, cooling, and plumbing applications. These offerings support efficiency in various building types, such as residential and commercial structures. The sector involves manufacturing for energy conservation and system performance across domestic markets.
- Headquarters Hyderabad, India
- Employees 50
- Stage Acquired
- Website hela.in
- Social LinkedIn
- Acquired by IAI (Jul 2023)
- Legal Name Hela Systems Private Limited
- Date of Incorporation 27 Feb, 2004
- Jurisdiction Maheswaram, Telangana, India
- Annual Revenue₹12.63 Cr
FY 2023 · -23% YoY
- Net Loss-₹84 Lakh
FY 2023 · -7% margin
- EBITDA-₹72.1 Lakh
FY 2023 · -6% margin
- Investors
- Employee Count50
- Acquired byIAI
(Jul 2023)
Associated legal entities of HELA Systems
HELA Systems operates through Hela Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hela Systems Private Limited CIN U93000TG2004PTC042753 | Active | 27 Feb 2004 | Maheswaram, Telangana | ₹12.6 Cr | 50 | 4 | View details |
Investors in HELA Systems
HELA Systems has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Israel Aerospace Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Developer and manufacturer of aerospace, aviation, satellites, and space systems | 1953 | iai.co.il | Lod, Israel |
Investor details for HELA Systems
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Board of directors of Hela Systems Private Limited (HELA Systems)
Hela Systems Private Limited is the primary company behind HELA Systems. The board of Hela Systems Private Limited currently have 4 directors; the longest-serving is Irit Levy Aliza, appointed in 2017. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Irit Levy Aliza DIN 07087275 | Director | 16 Aug 2017 | 9 yrs 2 mo | Hela Systems Private Limited |
| Rohit Khera DIN 09052058 | Director | 24 Jul 2024 | 2 yrs 3 mo | Hela Systems Private Limited |
| Shefi Benor DIN 10900846 | Director | 11 Mar 2025 | 1 yr 8 mo | Hela Systems Private Limited |
| Menahem Cohen DIN 10900847 | Director | 11 Mar 2025 | 1 yr 8 mo | Hela Systems Private Limited |
People of HELA Systems
1 people are tracked at HELA Systems (1 in leadership); the tracked headcount is 50.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for HELA Systems
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Financials of HELA Systems
Figures of Hela Systems Private Limited, the primary company behind HELA Systems, for FY 2023. Revenue was ₹12.63 Cr (-23% year on year). Net loss was -₹84 Lakh (-7% margin). EBITDA was -₹72.1 Lakh (-6% margin). Revenue has grown at a compounded annual rate of +1% over three years and +3% over five years.
- ₹12.63 CrRevenue · FY 2023 · -23% YoY
- -₹84 LakhNet loss · -7% margin
- -₹72.1 LakhEBITDA · -6% margin
- ₹20 LakhPaid-up capital
- 50Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hela Systems Private Limited are on its company page.
Detailed financial statements for HELA Systems
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Timeline of HELA Systems
2 dated milestones of HELA Systems across 18 years, from founding to its latest funding, stage changes and deals.
- Founded HELA Systems is founded.
- Exit Acquired by IAI.
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Related news about Hela Systems
Complete news archive for HELA Systems
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Frequently Asked Questions about HELA Systems
HELA Systems was founded in 2005.
HELA Systems is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Sukaran Singh is the CEO of HELA Systems, as recorded in our data.
HELA Systems has 50 employees.
The primary company behind HELA Systems, Hela Systems Private Limited, reported revenue of ₹12.63 Cr for FY 2023, down 23% year on year.
The company was founded in 2005 and is based in Hyderabad, India. Operations focus on the production of hydronic solutions for building systems, including components for heating, cooling, and plumbing applications. These offerings support efficiency in various building types, such as residential and commercial structures. The sector involves manufacturing for energy conservation and system performance across domestic markets.
HELA Systems has 1 investor. Key investors include Israel Aerospace Industries.
HELA Systems operates through Hela Systems Private Limited.
Yes. HELA Systems was acquired by IAI in July 2023.
The legal entities of HELA Systems currently have 4 directors, including Irit Levy Aliza, Rohit Khera, Shefi Benor and others.