About Higher Education Financing Agency
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Higher Education Financing Agency is a private not for profit company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 31 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017NPL103474. Its GSTIN is 29AAECH2051B1Z2 (Karnataka).
The company has an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹5,293.75 Cr. It is led by directors including Thophic Mobbin Mahammad (Managing Director) and Ashok Misra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Stock Exchange Towers No. 51 1st Floor 1st Cross Jc Road, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2022, the company reported a revenue of ₹589.34 Cr, a decline of 1.35% compared to the previous year.
The company is associated with 1 brand: HEFA. As per MCA filings, the company has open charges of ₹1,000 Cr and satisfied charges of ₹4,000 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hefa.co.in.
Company details
Contact details
Higher Education Financing Agency's registered office is in Bangalore, Karnataka. Its website is hefa.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressStock Exchange Towers No. 51 1st Floor 1st Cross Jc Road, Bangalore, Karnataka, India – 560027
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Higher Education Financing Agency, 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
Brands
Higher Education Financing Agency operates one associated brand: HEFA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers loans for higher education infrastructure and research facilities. | hefa.co.in |
Business activity
Higher Education Financing Agency operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Higher Education Financing Agency, buy the company report.
Financials of Higher Education Financing Agency
FY 2024 filings availableHigher Education Financing Agency reported revenue of ₹589.34 Cr (down 1.35% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1.35% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| Revenue from Operations | ₹589.34 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Higher Education Financing Agency, buy the company report.
Board of directors of Higher Education Financing Agency
Higher Education Financing Agency has 7 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskar Ramamurthi Also directs: Tejas Networks Limited, Iitm Pravartak Technologies Foundation | Nominee Director | 12 Jun 2017 | 9 Years 4 Months | Current |
| Rishikesha Thiruvenkata Krishnan Also directs: Wheels India Limited, Gujarat State Petronet Limited, Tonbo Imaging India Limited and 3 more | Nominee Director | 12 Jun 2017 | 9 Years 4 Months | Current |
| Thophic Mobbin Mahammad | Managing Director | 17 Apr 2023 | 3 Years 6 Months | Current |
| Ashok Misra | Director | 12 Jun 2017 | 9 Years 4 Months | Current |
| Vineet Joshi | Nominee Director | 01 Feb 2025 | 1 Years 9 Months | Current |
| Virander Singh Chauhan Also directs: Biotide Solutions LLP, Eti Consulting Private Limited | Director | 12 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Higher Education Financing Agency is audited by VIJAY PANCHAPPA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY PANCHAPPA & CO | FY 2021 | 004693S |
Shareholding
The shareholding of Higher Education Financing Agency is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Higher Education Financing Agency, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2024 | 100933424 | Canara Bank | ₹500 Cr | Open | |
| 02 Sep 2023 | 100796557 | Canara Bank | ₹500 Cr | Open | |
| 29 Dec 2021 | 100525076 | Canara Bank | ₹1,700 Cr | Satisfied | |
| 16 Dec 2020 | 100404125 | Hdfc Bank Limited | ₹300 Cr | Satisfied | |
| 12 May 2020 | 100335611 | State Bank of India | ₹2,000 Cr | Satisfied |
To see the full charge records of Higher Education Financing Agency, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Higher Education Financing Agency are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Higher Education Financing Agency was last rated by Icra on 11 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 11 Feb 2022 |
To see the full credit ratings and regulatory alerts of Higher Education Financing Agency, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Higher Education Financing Agency; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Higher Education Financing Agency has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH2051B1Z2 | Karnataka | Active | 05 Mar 2018 |
To see the full GST registrations and return filing status of Higher Education Financing Agency, buy the company report.
Recent activity
Higher Education Financing Agency has 31 board changes on record since 2017: 10 appointments and 21 cessations. The latest: Bhavendra Kumar was appointed as Nominee Director on 09 Jun 2025.
30 earlier events are in the company report.
Frequently asked questions
Higher Education Financing Agency is an active private not for profit company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 31 May 2017 (9+ years old) and is registered under CIN U74999KA2017NPL103474.
Higher Education Financing Agency has 7 current directors:
- Thophic Mobbin Mahammad - Managing Director
- Bhaskar Ramamurthi - Nominee Director
- Rishikesha Thiruvenkata Krishnan - Nominee Director
- Ashok Misra - Director
- Vineet Joshi - Nominee Director
- Virander Singh Chauhan - Director
- Bhavendra Kumar - Nominee Director
The latest financial statements of Higher Education Financing Agency on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Higher Education Financing Agency is 29AAECH2051B1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Higher Education Financing Agency is U74999KA2017NPL103474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Higher Education Financing Agency was incorporated on 31 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhavendra Kumar was appointed as Nominee Director on 09 Jun 2025. Vineet Joshi was appointed as Nominee Director on 01 Feb 2025. Sanjay Murthy Kondru ceased to be Nominee Director on 20 Jan 2025. Higher Education Financing Agency has 31 board changes on record in total.
Higher Education Financing Agency can be reached through the website hefa.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Higher Education Financing Agency is at Stock Exchange Towers No. 51 1st Floor 1st Cross Jc Road, Bangalore, Karnataka, India – 560027.
Higher Education Financing Agency operates in the financial services industry, in the nbfc segment.
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