MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0070628
Herostone Private Limited - e-commerce in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.26 Cr
▼ 47% YoY
Net profit · FY 2023
₹5.53 Lakh
Net margin 2.4%
EBITDA · FY 2023
₹36.37 Lakh
EBITDA margin 16.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹75 Lakh
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Herostone Private Limited
Data last updated:
Herostone Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 10 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U52100PN2014PTC151782. Its GSTIN is 27AAFCT0586L2ZV (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ip Tech Agro Private Limited and Iptech Agri Private Limited. It is led by directors Nilam Uttam Gaikwad and Kalidas Pandurang Humbe.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.26 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹5.53 Lakh (net margin 2.4%) and EBITDA of ₹36.37 Lakh (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 66% over five years.
As per MCA filings, the company has open charges of ₹75 Lakh on record. Court records list 8 cases involving the company, including 8 filed against it; 5 cases are pending.
Herostone Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0070628). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ctmulti.com.
Company details
CIN U52100PN2014PTC151782
Registration Number 151782
Incorporation Date 10 July 2014
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0070628
Name history
Herostone has undergone 9 name changes throughout its history. The current legal name is Herostone Private Limited.
| Company Name | Status |
|---|---|
| Herostone Private Limited | Current |
| Ip Tech Agro Private Limited | Previous |
| Iptech Agri Private Limited | Previous |
| Ipagro-Tech Private Limited | Previous |
| Techno Imie Private Limited | Previous |
| Shree Ietech Private Limited | Previous |
| Shree Ei&Tech Private Limited | Previous |
| Ip-Agri Tech Private Limited | Previous |
| Techeih Private Limited | Previous |
| Tech Electronics And Communication Private Limited | Previous |
CIN history
Herostone has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U52100PN2014PTC151782, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100PN2014PTC151782 | Current |
| U29100PN2014PTC151782 | Previous |
| U52399PN2014PTC151782 | Previous |
Recognitions & Rankings of Herostone
Contact details
Herostone Private Limited's registered office is in Pune, Maharashtra. Its website is ctmulti.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No. 1355 Anusmruti Sadan Charholi Road Backside Of School No.4 Alandi Dewachi T, Aluka Khed, Pune, Maharashtra, India – 412105
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Herostone Private Limited, buy the company report.
Comprehensive company report
Herostone 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 Herostone is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Herostone Private Limited, buy the company report.
Financials of Herostone Private Limited
FY 2023 filings availableHerostone Private Limited reported revenue of ₹2.26 Cr (down 47% YoY) for FY 2023.
Revenue · FY 2023
₹2.26 Cr ▼ 47%
Net profit · FY 2023
₹5.53 Lakh margin 2.4%
EBITDA · FY 2023
₹36.37 Lakh margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 64%
5 years · compounded
▲ 66%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 60%
5 years · compounded
▲ 105%
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 66%. EBITDA fell 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹36.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.53 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Herostone Private Limited, buy the company report.
Board of directors of Herostone Private Limited
Herostone has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilam Uttam Gaikwad Also directs: Buysnap Online Business LLP | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Kalidas Pandurang Humbe Also directs: I.P Agro Products Private Limited, Indumati Nidhi Limited | Director | 12 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Herostone Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Herostone Private Limitedthis company | ₹2.26 Cr (FY 2023) | ₹5.53 Lakh | 2.4% | -47.0% | Pune, Maharashtra, India | |
| Futkar Express Private Limited | ₹2.26 Cr (FY 2025) | 74.0% | Haldwani, Uttarakhand, India | |||
| Fortunext Digital India Private Limited | ₹2.26 Cr (FY 2025) | 143.0% | Jaipur, Rajasthan, India | |||
| Cute Agencies Private Limited | ₹2.24 Cr (FY 2025) | -56.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Herostone Private Limited, buy the company report.
Auditor
Herostone Private Limited is audited by NITIN D FUNDE AND CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN D FUNDE AND CO | FY 2021 | 134323W |
Shareholding
The shareholding of Herostone Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Herostone Private Limited, buy the company report.
Charges & borrowings
Open charges
₹75 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2022 | 100650365 | Others | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Herostone Private Limited has 8 court cases on record: 8 filed against it. 5 cases are pending and 3 are disposed.
Total cases
8
Filed against the company
8
Pending
5
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 5 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Indifi Capital Private Limited | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Bee Logistics SCM Pvt. Ltd. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India Private Limited., Rept. by Its Senior Manager Legal Disha Chandra | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India Private Limited., Rept. by Its Senior Manager Legal Disha Chandra | Disposed |
To see the full case history of Herostone 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
No delayed payments to MSME suppliers are on our record for Herostone Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Herostone has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCT0586L2ZV | Maharashtra | Active | 16 Feb 2021 |
To see the full GST registrations and return filing status of Herostone Private Limited, buy the company report.
Recent activity
Herostone Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Kalidas Pandurang Humbe was appointed as Director on 12 Jan 2024.
Appointed
Kalidas Pandurang Humbe was appointed as Director.
Ceased
Lahu Jangalu Shinde ceased to be Director.
AGM
Herostone Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Herostone Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100650365 was registered on 15 Dec 2022.
Ceased
Dnayaneshvar Rajaram Humbe ceased to be Director.
Appointed
Nilam Uttam Gaikwad was appointed as Director.
Ceased
Nivrutti Sanjay Humbe ceased to be Director.
Ceased
Sanjay Pandurang Humbe ceased to be Director.
Ceased
Jyoti Kalidas Humbe ceased to be Director.
Ceased
Kalidas Pandurang Humbe ceased to be Director.
Incorporation
10 Jul 2014
Herostone Private Limited was registered on 10 Jul 2014 with Roc Pune & aged 12 years 3 months as per MCA records.
Frequently asked questions
Herostone is an active private limited company based in Pune, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 10 July 2014 (12+ years old) and is registered under CIN U52100PN2014PTC151782.
Herostone has 2 current directors:
- Nilam Uttam Gaikwad - Director
- Kalidas Pandurang Humbe - Director
The latest financial statements of Herostone on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Herostone is 27AAFCT0586L2ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Herostone is U52100PN2014PTC151782. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Herostone has 8 court cases on record: 8 filed against it. 5 are pending.
Herostone was incorporated on 10 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Herostone by revenue are Futkar Express Private Limited, Fortunext Digital India Private Limited, Cute Agencies Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading).
Kalidas Pandurang Humbe was appointed as Director on 12 Jan 2024. Lahu Jangalu Shinde ceased to be Director on 12 Jan 2024. Dnayaneshvar Rajaram Humbe ceased to be Director on 04 Aug 2021. Herostone has 8 board changes on record in total.
Yes, Herostone is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0070628).
Herostone can be reached through the website ctmulti.com. Its registered office is in Pune, Maharashtra, India.