Hardesh Ores Private Limited

Hardesh Ores Private Limited - metals and minerals in Goa, India. FY 2026 financials & compliance.
CIN U14299GA1971PTC000110 Incorporated 11 February 1971 ROC Goa HQ Goa, India
Active Private Limited Company metals and minerals MSME · Medium
Data last updated
Revenue · FY 2025
₹164.11 Cr
▲ 20% YoY
Net profit · FY 2025
₹73.17 Cr
Net margin 44.6%
EBITDA · FY 2025
₹104.89 Cr
EBITDA margin 63.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹3.5 Lakh
Issued & subscribed
Open charges
₹105.49 Cr
Secured borrowings
Company age
55 yrs
Est. 1971
Employees · EPFO
46
Provident fund records

About Hardesh Ores Private Limited

Data last updated:

Hardesh Ores Private Limited is a private limited company based in Goa, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 11 February 1971 and has been in existence for over 55 years.

The company is registered with the Registrar of Companies (ROC), Goa, under CIN U14299GA1971PTC000110. Its GSTIN is 30AAACH4515J1Z1 (Goa). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹3.5 Lakh. It is led by directors Rajiv Kumar and Mohit Anil Manjrekar.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Villa Flores Da Silva Erasmo Carvalho Street Margao, Goa, India – 403601.

As per the financials filed for FY 2025, the company reported a revenue of ₹164.11 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹73.17 Cr (net margin 44.6%) and EBITDA of ₹104.89 Cr (EBITDA margin 63.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 22% over five years.

The company has about 46 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹105.49 Cr on record. Court records list 112 cases involving the company, including 50 filed by the company and 62 filed against it; 6 cases are pending.

Hardesh Ores Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-02-0002103). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fomento.com.

Company details

CIN U14299GA1971PTC000110
Registration Number 000110
Incorporation Date 11 February 1971
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GA-02-0002103
Key People
Rajiv Kumar Director Mohit Anil Manjrekar Director

Recognitions & Rankings of Hardesh Ores

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-GA-02-0002103

Contact details

Hardesh Ores Private Limited's registered office is in Goa. Its website is fomento.com. Its e-mail address is in the company report.

  • Email
  • Website
    fomento.com
  • Registered Address
    Villa Flores Da Silva Erasmo Carvalho Street Margao, Goa, India – 403601
  • Industry
    Metals and Minerals, Mining & Mineral Extraction

To see the full contact details of Hardesh Ores Private Limited, buy the company report.

Comprehensive company report
Hardesh Ores Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Hardesh Ores is mining and quarrying. In detail, this covers mining support services activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
BMining and quarryingB5Mining Support Services activities

To see the full business activity and turnover split of Hardesh Ores Private Limited, buy the company report.

Financials of Hardesh Ores Private Limited

FY 2025 filings available

Hardesh Ores Private Limited reported revenue of ₹164.11 Cr (up 20% YoY) for FY 2025.

Revenue · FY 2025
₹164.11 Cr ▲ 20%
Net profit · FY 2025
₹73.17 Cr margin 44.6%
EBITDA · FY 2025
₹104.89 Cr margin 63.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 24%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 30%
5 years · compounded
▲ 20%

Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 20% growth in the latest year. EBITDA rose 12% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹104.89 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹73.17 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin63.9%
Net Profit Margin44.6%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Hardesh Ores Private Limited, buy the company report.

Board of directors of Hardesh Ores Private Limited

Hardesh Ores has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajiv Kumar
Also directs: M S Talaulicar and Sons Private Limited, Fomento Resources Private Limited
Director25 Oct 20197 Years 0 MonthsCurrent
Mohit Anil Manjrekar
Also directs: Fomento Agro Development Private Limited, Marine Infrastructure Goa Private Limited, Infra Consultancy Private Limited
Director11 Feb 20197 Years 8 MonthsCurrent
View all directors

Auditor

Hardesh Ores Private Limited is audited by H.K. APARANJI for the financial year 2023.

Auditor firmFinancial yearFirm registration number
H.K. APARANJIFY 2023000199S

Shareholding

The shareholding of Hardesh Ores Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Hardesh Ores Private Limited, buy the company report.

Charges & borrowings

Open charges
₹105.49 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹90.00 Cr
Hdfc Bank Limited₹14.04 Cr
Cntral Bank of India₹1.44 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Dec 2025101215663Others₹50 CrOpen
06 Aug 2024100961774Hdfc Bank Limited₹63.45 LakhOpen
01 Aug 2024100961759Hdfc Bank Limited₹3.41 CrOpen
14 Dec 2022100660727Others₹40 CrOpen
11 Feb 2019100239106Hdfc Bank Limited₹10 CrOpen

To see the full charge records of Hardesh Ores Private Limited, buy the company report.

Total charge records: 9 View all charges

MSME payment delays

Hardesh Ores Private Limited has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (2 of 2)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier

To see the full MSME payment records of Hardesh Ores Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Hardesh Ores Private Limited has a workforce of 46 employees on its EPFO records as of Sep 25, 2025, across 2 active EPFO establishments.

Employee count
46
Active EPFO establishments
2
Employee growth
4.55%

GST

Hardesh Ores has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
30AAACH4515J1Z1GoaActive01 Jul 2017
27AAACH4515J1ZOMaharashtraActive01 Jul 2017
29AAACH4515J1ZKKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Hardesh Ores Private Limited, buy the company report.

Recent activity

Hardesh Ores Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Rajiv Kumar ceased to be Additional Director on 28 Sep 2023.

Charges
A charge with Others amounted to Rs. 5,000.00 Lakh with Charge ID 101215663 was registered on 30 Dec 2025.
AGM
Hardesh Ores Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hardesh Ores Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge with Others of Rs. 4,000.00 Lakh registered on 14 Dec 2022 with Charge ID 100660727 was modified on 18 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 63.45 Lakh with Charge ID 100961774 was registered on 06 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 341.00 Lakh with Charge ID 100961759 was registered on 01 Aug 2024.
Ceased
Rajiv Kumar ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 1,000.00 Lakh registered on 11 Feb 2019 with Charge ID 100239106 was modified on 11 Jan 2023.
Charges
A charge with Others amounted to Rs. 4,000.00 Lakh with Charge ID 100660727 was registered on 14 Dec 2022.
Ceased
Kaustubh Vinayak Sawkar ceased to be Additional Director.
Appointed
Rajiv Kumar was appointed as Director.
Ceased
Mohit Anil Manjrekar ceased to be Additional Director.

10 earlier events are in the company report.

Frequently asked questions

Hardesh Ores is an active private limited company based in Goa, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 11 February 1971 (55+ years old) and is registered under CIN U14299GA1971PTC000110.

Hardesh Ores has 2 current directors:

The latest financial statements of Hardesh Ores on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Hardesh Ores is 30AAACH4515J1Z1, registered in Goa. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACH4515J1ZO (Maharashtra), 29AAACH4515J1ZK (Karnataka).

The CIN (Corporate Identification Number) of Hardesh Ores is U14299GA1971PTC000110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Hardesh Ores has 112 court cases on record: 50 filed by the company and 62 filed against it. 6 are pending. Most are in the high courts.

Hardesh Ores was incorporated on 11 February 1971, making it 55+ years old. It is registered with the Registrar of Companies, Goa.

Rajiv Kumar ceased to be Additional Director on 28 Sep 2023. Kaustubh Vinayak Sawkar ceased to be Additional Director on 25 Oct 2019. Rajiv Kumar was appointed as Director on 25 Oct 2019. Hardesh Ores has 8 board changes on record in total.

Yes, Hardesh Ores is registered as a medium enterprise under Udyam registration (number: UDYAM-GA-02-0002103).

Hardesh Ores has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 15 Nov 2023.

Hardesh Ores can be reached through the website fomento.com. Its registered office is in Goa, India.