Higher Education Financing Agency - Company Profile

It is a financial services private not for profit company based in Bangalore Urban, Karnataka, India, established in 2017.
2017 Bangalore Urban, Karnataka, India Active
Last Updated:
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About Higher Education Financing Agency

Higher Education Financing Agency, a active private not for profit company, was established on 31 May 2017 in Bangalore Urban, Karnataka, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U74999KA2017NPL103474. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹10,000.00 Cr and a paid-up capital of ₹5,293.75 Cr.

It upholds a compliant status. Its leadership includes Bhaskar Ramamurthi (Nominee Director), Rishikesha Thiruvenkata Krishnan (Nominee Director), Thophic Mobbin Mahammad (Managing Director). Past directors included Brijmohan Sharma, Bhaskar Ramamurthi, Rishikesha Thiruvenkata Krishnan. It holds ₹1,000.00 Cr open charges and ₹4,000.00 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Stock Exchange Towers, No. 51 1St Floor, 1St Cross, Jc Road, Bangalore Urban, Karnataka, 560027.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U74999KA2017NPL103474

  • Registration Number

    103474

  • Incorporation Date

    31 May 2017

  • Authorized Capital

    ₹10,000.00 Cr

  • Paid-Up Capital

    ₹5,293.75 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10,000.00 Cr
  • Paid Up Capital ₹ 5,293.75 Cr
  • Company Age 8 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,000.00 Cr
  • Satisfied Charges ₹ 4,000.00 Cr
  • Revenue Growth **** -1.35%
  • Profit Growth **** 1.34%
  • Ebitda **** 0.01%
  • Net Worth 7.30%
  • Total Assets -2.39%
Company report

Higher Education Financing Agency

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Higher Education Financing Agency — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Higher Education Financing Agency?
Current Directors
Name Designation Appointment Date Status
Bhaskar Ramamurthi Nominee Director 12 Jun 2017 Current
Rishikesha Thiruvenkata Krishnan Nominee Director 12 Jun 2017 Current
Thophic Mobbin Mahammad Managing Director 17 Apr 2023 Current
Ashok Misra Director 12 Jun 2017 Current
Vineet Joshi Nominee Director 01 Feb 2025 Current
Virander Singh Chauhan Director 12 Jun 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Nominee Director 30 Jun 2023 Past
Pramod Abcsdd Additional Director 17 Nov 2018 Past
Pramod Abcsdd Additional Director 17 Nov 2018 Past
Pramod Abcsdd Nominee Director 31 Jul 2020 Past
Pramod Abcsdd Nominee Director 14 Nov 2022 Past
Pramod Abcsdd Cfo(Kmp) - Past

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Financial Performance of Higher Education Financing Agency.

Higher Education Financing Agency, for the financial year ended 2022, experienced Minor drop in revenue, with a 1.35% decrease. The company also saw a slight improvement in profitability, with a 1.34% increase in profit. The company's net worth moved up by a moderate rise of 7.3%.

Higher Education Financing Agency revenue growth over time
Higher Education Financing Agency profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -1.35%
*******
*******
*******
*******
Revenue from Operations
*******
 -1.34%
*******
*******
*******
*******
Total Assets
*******
 -2.39%
*******
*******
*******
*******
Profit or Loss
*******
 1.34%
*******
*******
*******
*******
Net Worth
*******
 7.30%
*******
*******
*******
*******
EBITDA
*******
 0.01%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Higher Education Financing Agency?

In 2023, Higher Education Financing Agency had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹10,000,000,000.00

Satisfied Charges

₹40,000,000,000.00

Charges Breakdown by Lending Institutions
  • Canara Bank : 1000.00 Cr
Latest Charge Details
Date Lender Amount Status
30 May 2024 Canara Bank ₹500.00 Cr Open
02 Sep 2023 Canara Bank ₹500.00 Cr Open
29 Dec 2021 Canara Bank ₹1,700.00 Cr Satisfied
16 Dec 2020 Hdfc Bank Limited ₹300.00 Cr Satisfied
12 May 2020 State Bank Of India ₹2,000.00 Cr Satisfied

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How Many Employees Work at Higher Education Financing Agency?

Unlock and access historical data on people associated with Higher Education Financing Agency, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Higher Education Financing Agency, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Higher Education Financing Agency's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Higher Education Financing Agency
Recent Activity within the Organization
  • Director Appointment

    The activity Bhavendra Kumar was appointed as a Nominee Director was appointed as a Nominee Director on 09 Jun 2025 & has been associated with this company since 8 months 7 days . was completed.

  • Director Appointment

    Vineet Joshi was appointed as a Nominee Director was appointed as a Nominee Director on 01 Feb 2025 & has been associated with this company since 1 year 13 days . was recorded as a recent event.

  • Annual General Meeting

    Progress on Higher Education Financing Agency last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    Progress on A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100933424 was registered on 30 May 2024. was documented.

  • Balance Sheet

    Higher Education Financing Agency has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was recorded as a recent event.

  • Charges

    A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100796557 was registered on 02 Sep 2023. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Higher Education Financing Agency?

The CIN of Higher Education Financing Agency is U74999KA2017NPL103474.

Where is Higher Education Financing Agency headquartered?

Higher Education Financing Agency is headquartered at Stock Exchange Towers, No. 51 1St Floor, 1St Cross, Jc Road, Bangalore Urban, Karnataka, 560027.

When was Higher Education Financing Agency incorporated?

Higher Education Financing Agency was incorporated on 31 May 2017.

Who are the current directors of Higher Education Financing Agency?

The current directors of Higher Education Financing Agency are

What is the primary industry of Higher Education Financing Agency?

The primary industry of Higher Education Financing Agency is Financial And Insurance Service.

Is Higher Education Financing Agency a listed company?

Higher Education Financing Agency is unlisted.

What is the capital structure of Higher Education Financing Agency?

The authorized capital of Higher Education Financing Agency is ₹10,000.00 Cr, and the paid-up capital is ₹5,293.75 Cr.

What is the compliance status of Higher Education Financing Agency?

The compliance status of Higher Education Financing Agency is Compliant.

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