About Heft Infra Solutions Limited
Data last updated:
Heft Infra Solutions Limited is a public limited company based in Thane, Maharashtra, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 22 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U43900MH1989PLC052323. Its GSTIN is 27AABCS4622C2ZQ (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.26 Cr. It was formerly known as Shethia Erector'S and Material Handlers Private Limited. It is led by directors including Mitesh Laxmikant Shethia (Managing Director) and Viraj Mitesh Shethia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Centrum Unit No. 807 808 & 809 Opp Tmc Office Near Satkar Grande Hotel Wagle Estate, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹282.05 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹48.96 Cr (net margin 17.4%) and EBITDA of ₹149.9 Cr (EBITDA margin 53.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 12% over five years.
The company has about 875 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹684 Cr and satisfied charges of ₹1,045.66 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 9 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shethia.co.in.
Company details
Name history
Heft Infra Solutions has undergone 2 name changes throughout its history. The company was previously known as Shethia Erector's And Material Handlers Private Limited, and Heft Infra Solutions Limited. The current legal name is Heft Infra Solutions Limited.
| Company Name | Status |
|---|---|
| Heft Infra Solutions Limited | Current |
| Shethia Erector's And Material Handlers Private Limited | Previous |
CIN history
Heft Infra Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U43900MH1989PLC052323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U43900MH1989PLC052323 | Current |
| U99999MH1989PLC052323 | Previous |
| U99999MH1989PTC052323 | Previous |
Contact details
Heft Infra Solutions Limited's registered office is in Thane, Maharashtra.
- Registered AddressCentrum Unit No. 807 808 & 809 Opp Tmc Office Near Satkar Grande Hotel Wagle Estate, Thane, Maharashtra, India – 400604
- IndustryFinancial Services, Equipment Leasing & Financing
- 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
Business activity
The main business activity of Heft Infra Solutions is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Heft Infra Solutions Limited, buy the company report.
Financials of Heft Infra Solutions Limited
FY 2024 filings availableHeft Infra Solutions Limited reported revenue of ₹282.05 Cr (up 59% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 59% growth in the latest year. EBITDA rose 53% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹149.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.96 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.1% | ||||
| Net Profit Margin | 17.4% | ||||
| 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 Heft Infra Solutions Limited, buy the company report.
Board of directors and KMP of Heft Infra Solutions Limited
Heft Infra Solutions Limited currently reports 5 directors and 2 key managerial personnel. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitesh Laxmikant Shethia Also directs: Heft Realty India LLP, Shelax Realty LLP, Samarth Equipment Trading Company Private Limited CN and 5 more | Managing Director | 22 Jun 1989 | 37 Years 4 Months | Current |
| Monam Kapoor Also directs: Aanjaay Industries Limited, Lorenzini Apparels Limited, Plaza Wires Limited and 5 more | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Nida Bashir Khot Also directs: Lefita Advisors Private Limited, Social Revamp Foundation | Company Secretary | 09 Jan 2020 | 6 Years 9 Months | Current |
| Bhavik Laxmikant Shethia | Director | 22 Jun 1989 | 37 Years 4 Months | Current |
| Viraj Mitesh Shethia | Whole-Time Director | 23 Jul 2015 | 11 Years 3 Months | Current |
| Manoj Sunil Chaudhari Also directs: Heft Realty India LLP, Smartlifting Solutions Private Limited, Heft Cranes International Private Limited and 2 more | Ceo | 30 Mar 2018 | 8 Years 6 Months | Current |
Peer comparison
Heft Infra Solutions Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Machinery and Equipment Leasing), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Legitimate Assets Operators Private Limited | ₹286.14 Cr (FY 2017) | 40.0% | Mumbai, Maharashtra, India | |||
| Heft Infra Solutions Limitedthis company | ₹282.05 Cr (FY 2024) | ₹48.96 Cr | 17.4% | 59.0% | Thane, Maharashtra, India | |
| Rentomojo Private Limited | ₹271.96 Cr (FY 2025) | 39.0% | Bangalore, Karnataka, India | |||
| Viom Infra Ventures Limited | ₹271.66 Cr (FY 2020) | 182.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Heft Infra Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2025 | 101205602 | Axis Bank Limited | ₹1.59 Cr | Open | |
| 30 Sep 2025 | 101172958 | Others | ₹12 Cr | Open | |
| 29 Sep 2025 | 101167883 | Axis Bank Limited | ₹2.16 Cr | Open | |
| 01 Sep 2025 | 101172954 | Others | ₹11.77 Cr | Open | |
| 01 Sep 2025 | 101172963 | Others | ₹2.47 Cr | Open |
To see the full charge records of Heft Infra Solutions Limited, buy the company report.
Total charge records: 291 View all charges
Legal cases
Heft Infra Solutions Limited has 17 court cases on record: 8 filed by Heft Infra Solutions, 9 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| NCLT | 6 | 4 | 3 |
| District courts | 5 | 5 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against I-Fox Windtechnik India Pvt Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against LSML Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by S N Thakkar Construction Private Limited | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against The Government of Andhra Pradesh, Represented by Its | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against The Government of Andhra Pradesh, Represented by Its | Disposed |
To see the full case history of Heft Infra Solutions 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.
Credit ratings & regulatory alerts
Heft Infra Solutions Limited was last rated by Icra on 13 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Jul 2021 |
To see the full credit ratings and regulatory alerts of Heft Infra Solutions Limited, buy the company report.
MSME payment delays
Heft Infra Solutions Limited has 27 MSME Form 1 returns on record between 2018 and 2023, listing 959 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sea Linkers Private Limited | |||
| Central Tyres Private Limited | |||
| Dynamic Crane Engineers Private Limited | |||
| Tyre Grip Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Heft Infra Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Heft Infra Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS4622C2ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Heft Infra Solutions Limited, buy the company report.
Recent activity
Heft Infra Solutions Limited has 14 board changes on record since 1989: 7 appointments and 7 cessations. The latest: Monam Kapoor ceased to be Additional Director on 29 Sep 2024.
501 earlier events are in the company report.
Frequently asked questions
Heft Infra Solutions is an active public limited company based in Thane, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 22 June 1989 (37+ years old) and is registered under CIN U43900MH1989PLC052323.
Heft Infra Solutions has 7 current directors and KMP:
- Mitesh Laxmikant Shethia - Managing Director
- Viraj Mitesh Shethia - Whole-Time Director
- Monam Kapoor - Director
- Bhavik Laxmikant Shethia - Director
- Ravindra Gajanan Karve - Director
- Nida Bashir Khot - Company Secretary
- Manoj Sunil Chaudhari - Ceo
The latest financial statements of Heft Infra Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Heft Infra Solutions is 27AABCS4622C2ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Heft Infra Solutions is U43900MH1989PLC052323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heft Infra Solutions has 17 court cases on record: 8 filed by the company and 9 filed against it. 4 are pending. Most are in the high courts.
Heft Infra Solutions was incorporated on 22 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Heft Infra Solutions by revenue are Legitimate Assets Operators Private Limited, Rentomojo Private Limited, Viom Infra Ventures Limited, all in the BFSI industry (Machinery and Equipment Leasing), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities).
Monam Kapoor ceased to be Additional Director on 29 Sep 2024. Monam Kapoor was appointed as Director on 19 Sep 2024. Viraj Mitesh Shethia ceased to be Director on 30 Sep 2021. Heft Infra Solutions has 14 board changes on record in total.
Heft Infra Solutions has 27 MSME Form 1 returns on record between 2018 and 2023, listing 959 overdue payments to 30 micro and small suppliers. The latest return was filed on 20 Jan 2024.
Heft Infra Solutions can be reached through the website shethia.co.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Heft Infra Solutions is at Centrum Unit No. 807 808 & 809 Opp Tmc Office Near Satkar Grande Hotel Wagle Estate, Thane, Maharashtra, India – 400604.