About Hermes Technologies Private Limited
Data last updated:
Hermes Technologies Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33120GJ1999PTC036047. Its GSTIN is 24AAACH8796B1ZK (Gujarat).
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Vijay Gangaram Raval and Brajesh Kumar.
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 Plot No. B – 84 Sector No.25 GIDC Electronic Estate, Gandhinagar, Gujarat, India – 382024.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.31 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹4.81 Cr (net margin 20.6%) and EBITDA of ₹5.22 Cr (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 2% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.16 Cr and satisfied charges of ₹50 Lakh on record. Court records list 7 cases involving the company, including 7 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hermestechnologies.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. B – 84 Sector No.25 GIDC Electronic Estate, Gandhinagar, Gujarat, India – 382024
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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 Hermes Technologies Private Limited
The main business activity of Hermes Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Hermes Technologies Private Limited FY 2025 filings available
Hermes Technologies Private Limited reported revenue of ₹23.31 Cr (up 55% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Hermes Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 55% growth in the latest year. EBITDA rose 305% 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 Hermes Technologies Private Limited
| 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 | ₹5.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.81 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 Hermes Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 20.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Hermes Technologies 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 Hermes Technologies Private Limited
Hermes Technologies Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vortex Solar Energy Private Limited | ₹23.42 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Lucknow, Uttar Pradesh, India |
| Hindusthan Heavy Electricals Private Limited | ₹23.41 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Coimbatore, Tamil Nadu, India |
| Siva Windturbine India Private Limited | ₹23.36 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | Erode, Tamil Nadu, India |
| Sma Power Control Private Limited | ₹23.35 Cr (FY 2025) | •••• | •••• | 145.0% | •••• | New Delhi, Delhi, India |
| Nani Electro Technics Private Limited | ₹23.32 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Hyderabad, Telangana, India |
| Hermes Technologies Private Limited this company | ₹23.31 Cr (FY 2024) | •••• | •••• | 55.0% | •••• | Gandhinagar, Gujarat, India |
| Tade Powertech Private Limited | ₹23.28 Cr (FY 2023) | •••• | •••• | 42.0% | •••• | Sangli, Maharashtra, India |
| Friend S Management & Consultants Pvt Ltd | ₹23.24 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Kanpur, Uttar Pradesh, India |
| Mahaveerer Fabs Private Limited | ₹23.22 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Chennai, Tamil Nadu, India |
| Asio Electricals Private Limited | ₹23.13 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Lucknow, Uttar Pradesh, India |
| Reich India Private Limited | ₹23.12 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hermes Technologies by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hermes Technologies Private Limited
Hermes Technologies Private Limited is audited by B. UPADHYAY & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. UPADHYAY & 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 Hermes Technologies Private Limited
Hermes Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Gangaram Raval | Director | 01 Apr 2016 | 10 Years 6 Months | Current |
| Brajesh Kumar Also directs: Invtech Solar Projects Private Limited | Director | 26 May 1999 | 27 Years 4 Months | Current |
Ownership and Shareholding of Hermes Technologies Private 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 Hermes Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2017 | Hdfc Bank Limited | ₹8.16 Cr | Open |
| 16 Sep 2014 | Yes Bank Limited | ₹50 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Hermes Technologies Private Limited
Hermes Technologies Private Limited has 7 court cases on record: 7 filed by Hermes Technologies. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 7 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 Hermes Technologies Private Limited
Hermes Technologies Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 9 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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Raunit Electricals Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 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.
Employees and EPFO Compliance at Hermes Technologies Private Limited
Hermes Technologies Private Limited has a workforce of 15 employees as of Apr 06, 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.
Recent Activity on Hermes Technologies Private Limited
Hermes Technologies Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Kailash Vijaykumar Raval ceased to be Director on 10 Oct 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hermes Technologies Private 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 Hermes Technologies Private 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 Hermes Technologies Private Limited
Hermes Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH8796B1ZK | Gujarat | Active | 01 Jul 2017 |
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 Hermes Technologies Private 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 Hermes Technologies Private Limited
Hermes Technologies is an active private limited company based in Gandhinagar, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 May 1999 (27+ years old) and is registered under CIN U33120GJ1999PTC036047.
Hermes Technologies reported revenue of ₹23.31 Cr for FY 2024 (up 55% YoY).
Hermes Technologies has 2 current directors:
- Vijay Gangaram Raval - Director
- Brajesh Kumar - Director
Hermes Technologies reported a net profit of ₹4.81 Cr (net margin 20.6%) and EBITDA of ₹5.22 Cr (EBITDA margin 22.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hermes Technologies is 23% over three years and 2% over five years. In the latest year (FY 2024) revenue rose 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hermes Technologies is 24AAACH8796B1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Hermes Technologies is U33120GJ1999PTC036047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hermes Technologies has 7 court cases on record: 7 filed by the company. Most are in the district courts.
Hermes Technologies was incorporated on 26 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hermes Technologies by revenue are Vortex Solar Energy Private Limited, Hindusthan Heavy Electricals Private Limited, Siva Windturbine India Private Limited, Sma Power Control Private Limited, Nani Electro Technics Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Kailash Vijaykumar Raval ceased to be Director on 10 Oct 2023. Vijay Gangaram Raval ceased to be Additional Director on 30 Sep 2016. Vijay Gangaram Raval was appointed as Director on 01 Apr 2016. Hermes Technologies has 5 board changes on record in total.
Hermes Technologies has 3 MSME Form 1 returns on record between 2019 and 2020, listing 9 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Sep 2020.