About Herald Commerce Ltd
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Herald Commerce Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 16 October 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L51909WB1982PLC035364. Its GSTIN is 19AAACH6763J1Z7 (West Bengal). It is a listed company as per MCA records.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.9 Cr. It is led by directors including Prabhat Jain (Managing Director) and Madhu Barnwal.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 Princep Street 2nd Floor, Kolkata, West Bengal, India – 700072.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.04 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹66.52 Lakh (net margin -414.7%) and EBITDA of -₹66.52 Lakh (EBITDA margin -414.7%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 8% over five years.
Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Herald Commerce. Court records list 15 cases involving the company, including 15 filed by the company; 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 heraldcommerce.com.
Company details
CIN history
Herald Commerce has one previous CIN (Corporate Identification Number): U51909WB1982PLC035364. The current CIN is L51909WB1982PLC035364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909WB1982PLC035364 | Current |
| U51909WB1982PLC035364 | Previous |
Contact details
Herald Commerce Ltd's registered office is in Kolkata, West Bengal. Its website is heraldcommerce.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10 Princep Street 2nd Floor, Kolkata, West Bengal, India – 700072
- IndustryFinancial Services, Financial Activities
To see the full contact details of Herald Commerce Ltd, buy the company report.
- 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
Brands
Herald Commerce operates one associated brand: Herald Commerce. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in providing commercial loan services to businesses. | heraldcommerce.com |
Business activity
The main business activity of Herald Commerce is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Herald Commerce Ltd, buy the company report.
Financials of Herald Commerce Ltd
FY 2025 filings availableHerald Commerce Ltd reported revenue of ₹16.04 Lakh (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 51% fall 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 | ₹16.04 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹66.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.52 Lakh | ||||
| 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 | -414.7% | ||||
| Net Profit Margin | -414.7% | ||||
| 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 Herald Commerce Ltd, buy the company report.
Board of directors and KMP of Herald Commerce Ltd
Herald Commerce Ltd currently reports 5 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhat Jain Also directs: Niharika India Ltd, Aastha Broad Casting Network Limited, Globe Soya Products Limited and 2 more | Managing Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Shyam Sunder Chatterjee Also directs: A T N International Limited, Arissan Power Limited, Aatreya Vinimay Private Limited and 5 more | Cfo | 18 Apr 2019 | 7 Years 6 Months | Current |
| Madhu Barnwal | Director | 13 Aug 2025 | 1 Years 2 Months | Current |
| Rohit Sahu Also directs: A T N International Limited, Silicon Valley Infotech Limited | Director | 19 Aug 2019 | 7 Years 2 Months | Current |
| Akshya Kumar Parida Also directs: Niharika India Ltd, Raunak Infrastructures Private Limited, Amluckie Investment Co Ltd and 3 more | Director | 16 Aug 2024 | 2 Years 2 Months | Current |
| Krishna Banerjee Also directs: Niharika India Ltd, A T N International Limited, Amluckie Investment Co Ltd and 2 more | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
Auditor
Herald Commerce Ltd is audited by Jain Sonu & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Sonu & Associates | FY 2022 | 324386E |
Shareholding
The shareholding of Herald Commerce Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Herald Commerce Ltd, buy the company report.
Legal cases
Herald Commerce Ltd has 15 court cases on record: 15 filed by Herald Commerce. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 2 |
| District courts | 5 | 0 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms. Indian Technomac Company Limited | Pending |
| High Court | Court case (COAPP) | Filed by the company against Indian Technomac Co. Ltd.(Not Applicable) | Pending |
| High Court | Court case (CO.P) | Filed by the company against Indian Technomac Co. Ltd.(Not Applicable) | Pending |
| High Court | Court case (COAPP) | Filed by the company against Indian Technomac Co. Ltd.(Not Applicable) | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Indian Technomac Company Ltd. | Disposed |
To see the full case history of Herald Commerce Ltd, 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
No delayed payments to MSME suppliers are on our record for Herald Commerce Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Herald Commerce has 4 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rangbarshi Projects Private Limited | U45203WB1996PTC077661 | |
| Saltlake Energy Private Limited | U51109MH1994PTC312702 | |
| Arissan Infrastructures Private Limited | U51909WB1994PTC065439 | |
| Accord Tracon Private Limited | U67120WB1995PTC074770 |
To see the full group structure of Herald Commerce Ltd, buy the company report.
GST
Herald Commerce has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACH6763J1Z7 | West Bengal | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Herald Commerce Ltd, buy the company report.
Recent activity
Herald Commerce Ltd has 20 board changes on record since 2008: 6 appointments and 14 cessations. The latest: Madhu Barnwal was appointed as Director on 13 Aug 2025.
11 earlier events are in the company report.
Frequently asked questions
Herald Commerce is an active public limited company based in Kolkata, West Bengal, India. The company works in financial activities, within the financial services industry. It was incorporated on 16 October 1982 (44+ years old) and is registered under CIN L51909WB1982PLC035364.
Herald Commerce has 6 current directors and KMP:
- Prabhat Jain - Managing Director
- Madhu Barnwal - Director
- Rohit Sahu - Director
- Akshya Kumar Parida - Director
- Krishna Banerjee - Director
- Shyam Sunder Chatterjee - Cfo
The latest financial statements of Herald Commerce on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Herald Commerce is 19AAACH6763J1Z7, registered in West Bengal.
The CIN (Corporate Identification Number) of Herald Commerce is L51909WB1982PLC035364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Herald Commerce is a listed company as per MCA records.
Herald Commerce has 15 court cases on record: 15 filed by the company. 4 are pending. Most are in the high courts.
Herald Commerce was incorporated on 16 October 1982, making it 44+ years old. It is registered with the Registrar of Companies, Kolkata.
Madhu Barnwal was appointed as Director on 13 Aug 2025. Akshya Kumar Parida was appointed as Director on 16 Aug 2024. Suruchi Jain ceased to be Additional Director on 27 Sep 2023. Herald Commerce has 20 board changes on record in total.
Herald Commerce can be reached through the website heraldcommerce.com. Its registered office is in Kolkata, West Bengal, India.
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