MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0004731
Heeru India Private Limited - travel and hospitality in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹202.17 Cr
▲ 76% YoY
Net profit · FY 2025
₹28.42 Cr
Net margin 14.1%
EBITDA · FY 2025
₹40.99 Cr
EBITDA margin 20.3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.43 Cr
Issued & subscribed
Open charges
₹114.18 Cr
Satisfied ₹43.44 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
1,158
Provident fund records
About Heeru India Private Limited
Data last updated:
Heeru India Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 21 April 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U43900GJ1997PTC032136. Its GSTIN is 24AAACH4842E1ZZ (Gujarat). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.43 Cr. It was formerly known as Heeru Paints Contracts Private Limited. It is led by directors including Girishbhai Vasantrai Katkoria (Managing Director) and Rushabh Girish Katkoria (Managing Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹202.17 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net profit of ₹28.42 Cr (net margin 14.1%) and EBITDA of ₹40.99 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company has about 1,158 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹114.18 Cr and satisfied charges of ₹43.44 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹99 Lakh; the latest was in March 2011. The company has 3 MSME Form 1 returns on record between 2020 and 2021, listing 18 overdue payments to 3 micro and small suppliers.
Heeru India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004731). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heerugroup.in.
Company details
CIN U43900GJ1997PTC032136
Registration Number 032136
Incorporation Date 21 April 1997
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0004731
CIN history
Heeru India has one previous CIN (Corporate Identification Number): U36998GJ1997PTC032136. The current CIN is U43900GJ1997PTC032136, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U43900GJ1997PTC032136 | Current |
| U36998GJ1997PTC032136 | Previous |
Key People
Girishbhai Vasantrai Katkoria Managing Director Rushabh Girish Katkoria Managing Director Tarulata Girish Katkoria Director Recognitions & Rankings of Heeru India
Contact details
Heeru India Private Limited's registered office is in Vadodara, Gujarat. Its website is heerugroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFicus Court Part 3rd Floor, Alembic Campus Alembic Road, Vadodara, Gujarat, India – 390003
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Heeru India Private Limited, buy the company report.
Comprehensive company report
Heeru India 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 Heeru India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Heeru India Private Limited, buy the company report.
Financials of Heeru India Private Limited
FY 2025 filings availableHeeru India Private Limited reported revenue of ₹202.17 Cr (up 76% YoY) for FY 2025.
Revenue · FY 2025
₹202.17 Cr ▲ 76%
Net profit · FY 2025
₹28.42 Cr margin 14.1%
EBITDA · FY 2025
₹40.99 Cr margin 20.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 76%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 205%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 76% growth in the latest year. EBITDA rose 205% 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
| 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 | ₹202.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.42 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | ||||
| Net Profit Margin | 14.1% | ||||
| 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 Heeru India Private Limited, buy the company report.
Board of directors of Heeru India Private Limited
Heeru India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girishbhai Vasantrai Katkoria Also directs: Trans Engicon Projects Private Limited | Managing Director | 21 Apr 1997 | 29 Years 6 Months | Current |
| Tarulata Girish Katkoria | Director | 21 Apr 1997 | 29 Years 6 Months | Current |
| Aditi Rushabh Katkoria | Director | 17 Jun 2016 | 10 Years 4 Months | Current |
| Rushabh Girish Katkoria Also directs: Trans Engicon Projects Private Limited | Managing Director | 01 Aug 2007 | 19 Years 2 Months | Current |
Auditor
Heeru India Private Limited is audited by Viral K. Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Viral K. Shah & Associates | FY 2023 | 124564W |
Shareholding
The shareholding of Heeru India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Heeru India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹114.18 Cr
Satisfied charges
₹43.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2026 | 101323701 | Hdfc Bank Limited | ₹43.35 Lakh | Open | |
| 30 Jul 2022 | 100604375 | Axis Bank Limited | ₹82.2 Lakh | Open | |
| 29 Jul 2022 | 100604857 | Axis Bank Limited | ₹45 Lakh | Open | |
| 07 Apr 2022 | 100559291 | Axis Bank Limited | ₹7.34 Lakh | Open | |
| 06 Apr 2022 | 100559284 | Axis Bank Limited | ₹17.84 Lakh | Open |
To see the full charge records of Heeru India Private Limited, buy the company report.
Total charge records: 35 View all charges
Deals & funding
Heeru India Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹99 Lakh; the latest was in March 2011.
Total deals
3
Funding rounds
3
Disclosed funding
₹99 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Funding round | ₹25 Lakh | Investors: 3 individuals |
| May 2010 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| Nov 2009 | Funding round | ₹24 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Heeru India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by Government of India | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Heeru India Private Limited, buy the company report.
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
Heeru India Private Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 18 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chetan Abrasives Private Limited | |||
| Patel Traders | |||
| an individual supplier |
To see the full MSME payment records of Heeru India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Heeru India Private Limited has a workforce of 1,158 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
1,158
Active EPFO establishments
1
Employee growth
-37.91%
GST
Heeru India has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
8
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH4842E1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AAACH4842E2ZY | Gujarat | Active | 01 Apr 2025 |
| 08AAACH4842E1ZT | Rajasthan | Active | 01 Jul 2017 |
| 21AAACH4842E1Z5 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Heeru India Private Limited, buy the company report.
Recent activity
Heeru India Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Rushabh Girish Katkoria ceased to be Director on 30 Sep 2019.
Charges
A charge with Axis Bank Limited of Rs. 55.66 Cr registered on 16 Aug 2019 with Charge ID 100287106 was modified on 12 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.43 Cr with Charge ID 101323701 was registered on 03 Jul 2026.
AGM
Heeru India Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Heeru India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 29 Jan 2022 via Charge ID 100543296 with Axis Bank Limited was fully satisfied on 25 Nov 2024.
Charges
A charge registered on 18 Jul 2019 via Charge ID 100286943 with Axis Bank Limited was fully satisfied on 06 Aug 2024.
Charges
A charge with Axis Bank Limited of Rs. 54.75 Cr registered on 28 Mar 2019 with Charge ID 100254335 was modified on 07 Mar 2024.
Charges
A charge registered on 15 May 2018 via Charge ID 100208017 with Axis Bank Limited was fully satisfied on 10 May 2023.
Charges
A charge registered on 06 Apr 2018 via Charge ID 100208011 with Axis Bank Limited was fully satisfied on 13 Mar 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.82 Cr with Charge ID 100604375 was registered on 30 Jul 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100604857 was registered on 29 Jul 2022.
Charges
A charge registered on 28 Jun 2019 via Charge ID 100286939 with Axis Bank Limited was fully satisfied on 03 Jun 2022.
57 earlier events are in the company report.
Frequently asked questions
Heeru India is an active private limited company based in Vadodara, Gujarat, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 21 April 1997 (29+ years old) and is registered under CIN U43900GJ1997PTC032136.
Heeru India has 4 current directors:
- Girishbhai Vasantrai Katkoria - Managing Director
- Rushabh Girish Katkoria - Managing Director
- Tarulata Girish Katkoria - Director
- Aditi Rushabh Katkoria - Director
The latest financial statements of Heeru India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Heeru India is 24AAACH4842E1ZZ, registered in Gujarat. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACH4842E2ZY (Gujarat), 08AAACH4842E1ZT (Rajasthan), 21AAACH4842E1Z5 (Odisha).
The CIN (Corporate Identification Number) of Heeru India is U43900GJ1997PTC032136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heeru India has 2 court cases on record: 2 filed against it.
Heeru India was incorporated on 21 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Heeru India has 3 deals on record (3 funding rounds), with disclosed funding of ₹99 Lakh; the latest was in March 2011.
Rushabh Girish Katkoria ceased to be Director on 30 Sep 2019. Aditi Rushabh Katkoria was appointed as Director on 17 Jun 2016. Girishbhai Vasantrai Katkoria ceased to be Director on 30 Jan 2009. Heeru India has 6 board changes on record in total.
Yes, Heeru India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0004731).
Heeru India has 3 MSME Form 1 returns on record between 2020 and 2021, listing 18 overdue payments to 3 micro and small suppliers. The latest return was filed on 26 Oct 2021.
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