About Hec Infra Projects Limited
Data last updated:
Hec Infra Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the engineering sector. It was incorporated on 06 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45200GJ2005PLC046870. Its GSTIN is 24AABCH6492H1ZI (Gujarat). The company holds 8 GST registrations, of which 4 are active. Its shares are listed on NSE: HECPROJECT.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.84 Cr. It was formerly known as Hec Infra Projects Private Limited. It is led by directors including Gaurang Parmanand Shah (Managing Director) and Rupal Gaurang Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.15 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹9.24 Cr (net margin 8.2%) and EBITDA of ₹15 Cr (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 23% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HEC Infra Projects. As per MCA filings, the company has open charges of ₹155.79 Cr and satisfied charges of ₹74.99 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 2 cases are pending. The company has 15 deals on record (14 market trades, 1 ipo); the latest was in April 2026. Its 10 peer companies in the Engineering industry (Engineering Procurement and Construction) are compared by revenue, 5 larger and 5 smaller; the largest is Devashish Infrastructure Private Limited. The company has 23 MSME Form 1 returns on record between 2018 and 2024, listing 253 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hecprojects.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSigma 1 Corporate House No.6 Sindhu Bhawan Road Nr.Mahan Party Plot Crossroa, D Bodakdev, Ahmedabad, Gujarat, India – 380054
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
- 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
- One PDF report, delivered after checkout
Business Activity of Hec Infra Projects Limited
The main business activity of Hec Infra Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hec Infra Projects Limited FY 2025 filings available
Hec Infra Projects Limited reported revenue of ₹113.15 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hec Infra Projects Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 47% growth in the latest year. EBITDA rose 74% 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 of Hec Infra Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.24 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 of Hec Infra Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hec Infra Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hec Infra Projects Limited
Hec Infra Projects Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Devashish Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Continental Petroleums Limited Listed | •••• | •••• | •••• | •••• | 25 | Jaipur, Rajasthan, India |
| TPF Engineering Private Limited | •••• | •••• | •••• | •••• | 458 | Vashi, Maharashtra, India |
| Carbyne Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Jaiprakash Contractors Private Limited | •••• | •••• | •••• | •••• | - | Supaul, Bihar, India |
| Hec Infra Projects Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Sark Epc Projects Private Limited | •••• | •••• | •••• | •••• | - | Daskroi, Gujarat, India |
| Vishwa Infrastructures and Services Private Limited | •••• | •••• | •••• | •••• | 50 | Hyderabad, Telangana, India |
| Sanrachana Structural Strengthening Private Limited | •••• | •••• | •••• | •••• | 211 | Thane, Maharashtra, India |
| Enmas Epc Power Projects Limited | •••• | •••• | •••• | •••• | 74 | Chennai, Tamil Nadu, India |
| Tecton Engineering & Construction (India) Private Limited | •••• | •••• | •••• | •••• | 165 | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Hec Infra Projects by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hec Infra Projects Limited
Hec Infra Projects Limited is audited by PARTH P. SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARTH P. SHAH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hec Infra Projects Limited
Hec Infra Projects has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rupal Gaurang Shah Also directs: Highvolt Power and Control Systems Private Limited | Whole-Time Director | 06 Oct 2005 | 21 Years 0 Months | Current |
| Gaurang Parmanand Shah Also directs: Highvolt Power and Control Systems Private Limited | Managing Director | 06 Oct 2005 | 21 Years 0 Months | Current |
| Rahul Gaurang Shah | Whole-Time Director | 25 Jun 2021 | 5 Years 3 Months | Current |
| Rajkumari Ramchand Udhwani | Director | 25 Jan 2025 | 1 Years 8 Months | Current |
| Yash Mehta Also directs: Agarwal & Mehta Company Secretaries LLP | Director | 25 Jan 2025 | 1 Years 8 Months | Current |
| Ronak Ashokbhai Mehta | Director | 25 Jan 2025 | 1 Years 8 Months | Current |
Ownership and Shareholding of Hec Infra Projects Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hec Infra Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2026 | Bank of India | ₹5 Cr | Open |
| 26 May 2026 | Bank of India | ₹5.95 Cr | Open |
| 09 Mar 2026 | Others | ₹11 Cr | Open |
| 08 May 2023 | Others | ₹3.67 Cr | Open |
| 04 Dec 2020 | Others | ₹16.8 Lakh | Open |
Total charge records: 23 View all charges
Deals & Funding of Hec Infra Projects Limited
Hec Infra Projects Limited has 15 deals on record (14 market trades, 1 ipo); the latest was in April 2026.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹3.65 Cr | Buyer: 2 individuals Seller: Wealth First Portfolio Managers Limited |
| Mar 2026 | Market trade | ₹4.71 Cr | Buyer: an individual Seller: Wealth First Portfolio Managers Limited |
| Dec 2024 | Market trade | ₹1.43 Cr | Seller: Wealth First Portfolio Managers Limited |
| Dec 2024 | Market trade | ₹1.43 Cr | Seller: Wealth First Portfolio Managers Limited |
| Nov 2024 | Market trade | ₹72.3 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited |
Full deal history
All 15 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hec Infra Projects Limited
Hec Infra Projects Limited has 8 court cases on record: 3 filed by Hec Infra Projects, 5 filed against it. 2 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Jyoti Limited | Pending |
| Supreme Court | Appeal | Filed against the company by HPL Electric & Power Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Hec Infra Projects Limited
Hec Infra Projects Limited has 23 MSME Form 1 returns on record between 2018 and 2024, listing 253 overdue payments to 39 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 (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ensol | •••• | •••• | •••• |
| Highvolt Power and Control Systems Private Limited | •••• | •••• | •••• |
| Swati Switchgears (India) Private Limited | •••• | •••• | •••• |
| Jonam Tech Impex | •••• | •••• | •••• |
| B.E.C. Conduits Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 23 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Hec Infra Projects Limited
Hec Infra Projects operates one associated brand: HEC Infra Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure projects are developed by HEC Infra Projects in India. | hecprojects.in |
Employees and EPFO Compliance at Hec Infra Projects Limited
Hec Infra Projects Limited has a workforce of 57 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Hec Infra Projects Limited
Hec Infra Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ2005PLC046870, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ2005PLC046870 | Current |
| U45200GJ2005PTC046870 | Previous |
| U45200GJ2005PLC046870 | Previous |
Recent Activity on Hec Infra Projects Limited
Hec Infra Projects Limited has 32 board changes on record since 2005: 20 appointments and 12 cessations. The latest: Dipika Pradeep Soni ceased to be Director on 25 Jan 2025.
67 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hec Infra Projects Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hec Infra Projects Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hec Infra Projects Limited
Hec Infra Projects has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH6492H1ZI | Gujarat | Active | 01 Jul 2017 |
| 08AABCH6492H1ZC | Rajasthan | Active | 01 Jul 2017 |
| 27AABCH6492H1ZC | Maharashtra | Active | 01 Jul 2017 |
| 06AABCH6492H1ZG | Haryana | Active | 01 Jun 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hec Infra Projects Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hec Infra Projects Limited
Hec Infra Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in the engineering industry. It was incorporated on 06 October 2005 (21+ years old) and is registered under CIN L45200GJ2005PLC046870. Listed on NSE: HECPROJECT.
Hec Infra Projects reported revenue of ₹113.15 Cr for FY 2025 (up 47% YoY).
Hec Infra Projects has 6 current directors:
- Gaurang Parmanand Shah - Managing Director
- Rupal Gaurang Shah - Whole-Time Director
- Rahul Gaurang Shah - Whole-Time Director
- Rajkumari Ramchand Udhwani - Director
- Yash Mehta - Director
- Ronak Ashokbhai Mehta - Director
Hec Infra Projects reported a net profit of ₹9.24 Cr (net margin 8.2%) and EBITDA of ₹15 Cr (EBITDA margin 13.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hec Infra Projects is 37% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hec Infra Projects is 24AABCH6492H1ZI, registered in Gujarat. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 08AABCH6492H1ZC (Rajasthan), 27AABCH6492H1ZC (Maharashtra), 06AABCH6492H1ZG (Haryana).
The CIN (Corporate Identification Number) of Hec Infra Projects is L45200GJ2005PLC046870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hec Infra Projects is listed on NSE with symbol HECPROJECT.
Hec Infra Projects has 8 court cases on record: 3 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Hec Infra Projects was incorporated on 06 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hec Infra Projects has 15 deals on record (14 market trades, 1 ipo); the latest was in April 2026.
The peers of Hec Infra Projects by revenue are Devashish Infrastructure Private Limited, Continental Petroleums Limited, TPF Engineering Private Limited, Carbyne Infrastructure Private Limited, Jaiprakash Contractors Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).