Hetvi Construction LLP
About Hetvi Construction LLP
Data last updated:
Hetvi Construction LLP was a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 12 December 2017.
The LLP was registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAL-3827. Its GSTIN is 24AAKFH9232M1Z0 (Gujarat). The LLP held 3 GST registrations, all of them active.
The LLP had a total obligation of contribution of ₹5 Cr. It was led by designated partners including Hiteshbhai Maganbhai Bhuva and Jigneshbhai Maganbhai Bhuva.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹2,313.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹167.05 Cr (net margin 7.2%) and EBITDA of ₹194.73 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 177% over three years and 105% over five years.
The LLP has about 69 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹187.9 Cr on record. Court records list 14 cases involving the LLP, including 14 filed against it; 9 cases are pending.
Company details
Contact details
Hetvi Construction LLP's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address5th Floor Office No 533 Vishala Supreme Opp. Torrent Power Grid Nikol Ring Road Niko, L, Ahmedabad, Gujarat, India – 382350
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Hetvi Construction LLP, 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
Financials of Hetvi Construction LLP
FY 2024 filings availableHetvi Construction LLP reported revenue of ₹2,313.24 Cr (up 239% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 105% over five years, including 239% growth 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profit After Tax | ₹167.05 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Net Profit Margin | 7.2% | ||||
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To see the full financial statements and ratios of Hetvi Construction LLP, buy the company report.
Designated partners of Hetvi Construction LLP
Hetvi Construction has 5 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiteshbhai Maganbhai Bhuva | Designated Partner | 12 Dec 2017 | 8 Years 10 Months | As last reported |
| Jigneshbhai Maganbhai Bhuva | Designated Partner | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Ashita Gordhanbhai Pansheriya Also directs: Hetvi Construction Limited, Sahil Navadiya Films LLP | Partner | 04 Mar 2024 | 2 Years 7 Months | As last reported |
| Maganbhai Parbatbhai Bhuva Also directs: Dwarkesh Infraspace LLP | Partner | 04 Mar 2024 | 2 Years 7 Months | As last reported |
| Tarangkumar Manubhai Savaliya Also directs: Hetvi Construction Limited | Designated Partner | 01 Dec 2019 | 6 Years 10 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2023 | L-100805952 | The Federal Bank Ltd | ₹2 Cr | Open | |
| 11 Aug 2023 | L-100764046 | Hdfc Bank Limited | ₹43 Lakh | Open | |
| 14 Mar 2023 | L-100697941 | Indusind Bank Limited | ₹25 Cr | Open | |
| 30 Jan 2023 | L-100678961 | Icici Bank Limited | ₹25 Cr | Open | |
| 05 Jan 2023 | L-100668344 | Hdfc Bank Limited | ₹25 Cr | Open |
To see the full charge records of Hetvi Construction LLP, buy the company report.
Total charge records: 10 View all charges
Legal cases
Hetvi Construction LLP has 14 court cases on record: 14 filed against it. 9 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 9 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Etah, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Kannauj, Uttar Pradesh | Criminal case | Filed against the company by State | Pending |
| District court, Sultanpur, Uttar Pradesh | Criminal case | Filed against the company by State | Pending |
| District court, Amroha, Uttar Pradesh | Criminal case | Filed against the company by an individual | Pending |
| District court, Kanpur Dehat, Uttar Pradesh | Criminal case | Filed against the company by State | Disposed |
To see the full case history of Hetvi Construction LLP, 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 Hetvi Construction LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hetvi Construction LLP has a workforce of 69 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Hetvi Construction has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKFH9232M1Z0 | Gujarat | Active | 19 Jan 2018 |
| 08AAKFH9232M1ZU | Rajasthan | Active | 18 Jun 2019 |
| 09AAKFH9232M1ZS | Uttar Pradesh | Active | 30 Apr 2021 |
To see the full GST registrations and return filing status of Hetvi Construction LLP, buy the company report.
Recent activity
Hetvi Construction LLP has 7 designated partner changes on record since 2017: 5 appointments and 2 cessations. The latest: Ashita Gordhanbhai Pansheriya was appointed as Partner on 04 Mar 2024.
12 earlier events are in the company report.
Frequently asked questions
Hetvi Construction has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Hetvi Construction was a limited liability partnership based in Ahmedabad, Gujarat, India. The LLP worked in general construction services, within the infrastructure and utilities industry. It was incorporated on 12 December 2017 and is registered under LLPIN AAL-3827. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Hetvi Construction is AAL-3827. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Hetvi Construction had 5 designated partners:
- Hiteshbhai Maganbhai Bhuva - Designated Partner
- Jigneshbhai Maganbhai Bhuva - Designated Partner
- Ashita Gordhanbhai Pansheriya - Partner
- Maganbhai Parbatbhai Bhuva - Partner
- Tarangkumar Manubhai Savaliya - Designated Partner
Hetvi Construction was incorporated on 12 December 2017. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Hetvi Construction is at 5th Floor Office No 533 Vishala Supreme Opp. Torrent Power Grid Nikol Ring Road Niko, L, Ahmedabad, Gujarat, India – 382350.
The latest financial statements of Hetvi Construction on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Hetvi Construction is 24AAKFH9232M1Z0, registered in Gujarat. The LLP has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08AAKFH9232M1ZU (Rajasthan), 09AAKFH9232M1ZS (Uttar Pradesh).
Hetvi Construction operated in the infrastructure and utilities industry, in the general construction services segment.
Hetvi Construction has 14 court cases on record: 14 filed against it. 9 are pending.