India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #205 Suman Kant Munjal ₹17,900 Cr
- #519 Sunil Kant Munjal ₹6,700 Cr
Revenue · FY 2025
₹1,056.97 Cr
▲ 6% YoY
Net profit · FY 2025
₹3.03 Cr
Net margin 0.3%
EBITDA · FY 2025
₹32.74 Cr
EBITDA margin 3.1%
Authorised capital
₹175 Cr
Registered with MCA
Paid-up capital
₹124.95 Cr
Issued & subscribed
Open charges
₹409 Cr
Satisfied ₹571.9 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
462
Provident fund records
About Hero Steels Limited
Data last updated:
Hero Steels Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Bahadur Chand Investments Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 July 2010 and has been in existence for over 16 years.
Its director Suman Kant Munjal is #205 among India's richest people (2026). Its director Sunil Kant Munjal is #519 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U28999DL2010PLC205966. Its GSTIN is 03AACCH4638L1ZK (Punjab). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹175 Cr and a paid-up capital of ₹124.95 Cr. It was formerly known as Hero Steels Private Limited. It is led by directors including Suman Kant Munjal and Shefali Munjal.
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 264 Okhla Industrial Estate Phase III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,056.97 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹3.03 Cr (net margin 0.3%) and EBITDA of ₹32.74 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 12% over five years.
The company has about 462 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹409 Cr and satisfied charges of ₹571.9 Cr on record. Court records list 206 cases involving the company, including 158 filed by the company and 48 filed against it; 34 cases are pending. The company has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹12.6 Cr; the latest was in August 2016. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Sakthi Steel Industries Limited with revenue of ₹1,065.79 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website herosteels.com.
Company Details of Hero Steels Limited
CIN U28999DL2010PLC205966
Registration Number 205966
Incorporation Date 16 July 2010
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Bahadur Chand Investments Private Limited
Compliance Status Active Compliant
CIN History of Hero Steels Limited
Hero Steels has one previous CIN (Corporate Identification Number): U28999DL2010PTC205966. The current CIN is U28999DL2010PLC205966, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28999DL2010PLC205966 | Current |
| U28999DL2010PTC205966 | Previous |
Recognitions & Rankings of Hero Steels
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address264 Okhla Industrial Estate Phase III, New Delhi, Delhi, India – 110020
- IndustryMetals and Minerals, Steel Manufacturing & Processing
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Business Activity of Hero Steels Limited
The main business activity of Hero Steels is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Hero Steels Limited FY 2025 filings available
Hero Steels Limited reported revenue of ₹1,056.97 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹1,056.97 Cr ▲ 6%
Net profit · FY 2025
₹3.03 Cr margin 0.3%
EBITDA · FY 2025
₹32.74 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR) of Hero Steels Limited
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 1%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 358%
3 years · compounded
▲ 3%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 6% growth in the latest year. EBITDA rose 358% 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 Hero Steels 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 | ₹32.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.03 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 Hero Steels Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 Hero Steels are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors and KMP of Hero Steels Limited
Hero Steels Limited currently reports 5 directors and 1 key managerial person. 13 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suman Kant Munjal | Director | 16 Jul 2010 | 16 Years 3 Months | Current |
| Shefali Munjal Also directs: Hero Corporate Service Private Limited, Linklight Ventures LLP, Global Ivy Ventures LLP and 5 more | Director | 16 Jul 2010 | 16 Years 3 Months | Current |
| Sunil Kant Munjal Also directs: Rockman Industries Limited, Hero Corporate Service Private Limited, BML Educorp Services and 5 more | Director | 23 Oct 2015 | 10 Years 11 Months | Current |
| Rekha Sethi Also directs: Kirloskar Brothers Limited, Samvardhana Motherson International Limited, Firstsource Solutions Limited and 1 more | Director | 03 Aug 2016 | 10 Years 2 Months | Current |
| Jogendra Singh Also directs: BML Investments Private Limited, Hero Homes Finance Private Limited, Ejita Realty Private Limited and 5 more | Director | 08 Jun 2020 | 6 Years 4 Months | Current |
| Jitendra Kumar Sharma Also directs: El Recorrido LLP, Paramil Sustainable Energy Private Limited, Aoneng Meglin Solutions Private Limited and 1 more | Ceo | 17 Sep 2024 | 2 Years 1 Months | Current |
Peer Comparison of Hero Steels Limited
Hero Steels Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sakthi Steel Industries Limited | ₹1,065.79 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Rama Steel Tubes Limited Listed | ₹1,064.82 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Vandana Global Limited | ₹1,061.45 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Bombay Coated and Special Steels Limited | ₹1,058.65 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Maa Kudargarhi Power and Ispat Private Limited | ₹1,058.63 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Raipur, Chhattisgarh, India |
| Hero Steels Limited this company | ₹1,056.97 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Vishal Precision Steel Tubes and Strips Private Limited | ₹1,054.9 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Hoskote, Karnataka, India |
| MGM Minerals Limited | ₹1,048.19 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Bhubaneswar, Odisha, India |
| NLMK India Service Center Private Limited | ₹1,030.82 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Northern Steel and General Mills Private Limited | ₹1,027.96 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| Suncity Metals and Tubes Private Limited | ₹1,024.43 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Jodhpur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Hero Steels by revenue in the Metals and Minerals industry (Steel), 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 Hero Steels Limited
Hero Steels Limited is audited by JSSM & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JSSM & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Hero Steels Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Hero Steels Limited
Open charges
₹409 Cr
Satisfied charges
₹571.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jan 2025 | Others | ₹50 Cr | Open |
| 28 Jul 2021 | Axis Bank Limited | ₹40 Cr | Open |
| 01 May 2020 | Others | ₹45 Cr | Open |
| 05 May 2015 | Hdfc Bank Limited | ₹115 Cr | Open |
| 31 Jan 2015 | State Bank of India | ₹73 Cr | Open |
Total charge records: 23 View all charges
Deals & Funding of Hero Steels Limited
Hero Steels Limited has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹12.6 Cr; the latest was in August 2016.
Total deals
5
Secondary share transfers
2
Rights issue
1
Funding round
1
Acquisition
1
Disclosed funding
₹12.6 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Hero Enterprise Partner Ventures, an individual Seller: Bahadur Chand Investments Private Limited , Hero Investcorp Private Limited , 2 individuals |
| Oct 2014 | Rights issue | ₹44.5 Cr | Investors: Bahadur Chand Investments Private Limited |
| Mar 2014 | Funding round | ₹12.6 Cr | Investors: Bahadur Chand Investments Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Hero Investcorp Private Limited Seller: Hero Investcorp Private Limited |
| Feb 2012 | Acquisition | ₹84.85 Cr | Buyer: Bahadur Chand Investments Private Limited |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hero Steels Limited
Hero Steels Limited has 206 court cases on record: 158 filed by Hero Steels, 48 filed against it. 34 cases are pending and 172 are disposed.
Total cases
206
Filed by the company
158
Filed against the company
48
Pending
34
Disposed
172
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 192 | 35 | 32 |
| High courts | 7 | 7 | 2 |
| NCLAT | 4 | 4 | 0 |
| NCLT | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 206)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Execution petition | Filed by the company against M/S Tulsyan Cans and Cardboards Pvt. Ltd. | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Ms Ypr Infrabuild Services Pvt Ltd and 1 other | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against K.W. Rims India Pvt Ltd and 4 others | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S KW Rims India Private Limited and 4 others | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against K.W Rims India Private Limited and 4 others | Pending |
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Full case history
All 206 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Hero Steels Limited
Hero Steels Limited has a workforce of 462 employees as of Mar 22, 2024.
Employee count
462
Active EPFO establishments
1
Employee growth
-0.43%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Hero Steels Limited
Hero Steels Limited has 18 board changes on record since 2010: 6 appointments and 12 cessations. The latest: Jitendra Kumar Sharma was appointed as CEO on 17 Sep 2024.
Charges
A charge with State Bank Of India of Rs. 73.00 Cr registered on 31 Jan 2015 with Charge ID 10563710 was modified on 31 Oct 2025.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100431832 with Hdfc Bank Limited was fully satisfied on 12 Sep 2025.
Charges
A charge registered on 12 Dec 2019 via Charge ID 100313059 with Hdfc Bank Limited was fully satisfied on 12 Sep 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 02 Jan 2025 with Charge ID 101037496 was modified on 03 Sep 2025.
Charges
A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 28 Jul 2021 with Charge ID 100471104 was modified on 03 Sep 2025.
Charges
A charge with Others of Rs. 70.00 Cr registered on 24 Aug 2012 with Charge ID 10373539 was modified on 03 Sep 2025.
AGM
Hero Steels Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Charges
A charge registered on 27 Jul 2012 via Charge ID 10372227 with Others was fully satisfied on 09 May 2025.
Filing
Hero Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101037496 was registered on 02 Jan 2025.
Appointed
Jitendra Kumar Sharma was appointed as CEO.
Ceased
Madhur Gupta ceased to be CEO.
62 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hero Steels Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Hero Steels Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Hero Steels Limited
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Corporate group structure
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GST Compliance of Hero Steels Limited
Hero Steels has 8 GST registrations: 3 active and 5 cancelled or inactive.
Total GSTINs
8
Active
3
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCH4638L1ZK | Punjab | Active | 01 Jul 2017 |
| 06AACCH4638L2ZD | Haryana | Active | 01 Jul 2017 |
| 09AACCH4638L1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Hero Steels Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Hero Steels Limited
Hero Steels is an active public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 July 2010 (16+ years old) and is registered under CIN U28999DL2010PLC205966.
Hero Steels reported revenue of ₹1,056.97 Cr for FY 2025 (up 6% YoY).
Hero Steels has 6 current directors and KMP:
- Suman Kant Munjal - Director
- Shefali Munjal - Director
- Sunil Kant Munjal - Director
- Rekha Sethi - Director
- Jogendra Singh - Director
- Jitendra Kumar Sharma - Ceo
Hero Steels reported a net profit of ₹3.03 Cr (net margin 0.3%) and EBITDA of ₹32.74 Cr (EBITDA margin 3.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hero Steels is 1% over three years and 12% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hero Steels is 03AACCH4638L1ZK, registered in Punjab. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 06AACCH4638L2ZD (Haryana), 09AACCH4638L1Z8 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Hero Steels is U28999DL2010PLC205966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hero Steels has 206 court cases on record: 158 filed by the company and 48 filed against it. 34 are pending. Most are in the district courts.
Hero Steels was incorporated on 16 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Hero Steels has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹12.6 Cr; the latest was in August 2016.
The peers of Hero Steels by revenue are Sakthi Steel Industries Limited, Rama Steel Tubes Limited, Vandana Global Limited, Bombay Coated and Special Steels Limited, Maa Kudargarhi Power and Ispat Private Limited and 5 more, all in the Metals and Minerals industry (Steel).