About Hincon Finance Ltd.
Data last updated:
Hincon Finance Ltd. is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1992PLC066854. Its GSTIN is 27AAACH2665M2ZA (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹80 Lakh. It was formerly known as Hindustan Finvest Limited. It is led by directors including Ajit Gulabchand and Shalaka Gulabchand Dhawan.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hincon House Lal Bahadur Shastri Marg Vikhroli West, Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.38 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Cr (net margin 25.4%) and EBITDA of ₹2.32 Cr (EBITDA margin 36.3%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 11% over five years.
The company is associated with 1 brand: Hincon Finance Limited. As per MCA filings, the company has open charges of ₹10,165 Cr and satisfied charges of ₹3,766.67 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 hinconfinance.com.
CIN History of Hincon Finance Ltd.
Hincon Finance has one previous CIN (Corporate Identification Number): L67120MH1992PLC066854. The current CIN is U67120MH1992PLC066854, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1992PLC066854 | Current |
| L67120MH1992PLC066854 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHincon House Lal Bahadur Shastri Marg Vikhroli West, Mumbai, Maharashtra, India – 400083
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Associated Brands with Hincon Finance Ltd.
Hincon Finance operates one associated brand: Hincon Finance Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Finance and investment services associated with securities and promoter activities in India. | hinconfinance.com |
Business Activity of Hincon Finance Ltd.
The main business activity of Hincon Finance is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hincon Finance Ltd. FY 2025 filings available
Hincon Finance Ltd. reported revenue of ₹6.38 Cr (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hincon Finance Ltd.
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 53% fall in the latest year. EBITDA fell 7% 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 Hincon Finance Ltd.
| 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 | ₹2.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.62 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 Hincon Finance Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 25.4% | •••• | •••• | •••• | •••• |
| 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 Hincon Finance are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Hincon Finance Ltd.
Hincon Finance has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Gulabchand Also directs: Hindustan Construction Company Limited, Champali Garden Private Limited, Seamarine Investments Private Limited and 4 more | Director | 20 May 1992 | 34 Years 5 Months | Current |
| Shalaka Gulabchand Dhawan Also directs: Champali Garden Private Limited, Seamarine Investments Private Limited, Shalaka Investment Private Limited and 4 more | Director | 27 Apr 2005 | 21 Years 5 Months | Current |
| Rahul Shukla Also directs: Gulabchand Foundation, Panchkutir Developers Limited, Hill City Service Apartments Limited and 5 more | Additional Director | 06 Nov 2025 | 0 Years 11 Months | Current |
Peer Comparison of Hincon Finance Ltd.
Hincon Finance Ltd. is compared with the companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finergy Transport Finance Limited | ₹6.41 Cr (FY 2025) | •••• | •••• | 221.0% | •••• | Chennai, Tamil Nadu, India |
| Funny Commotrade Pvt Ltd | ₹6.41 Cr (FY 2025) | •••• | •••• | 224.0% | •••• | Kolkata, West Bengal, India |
| Secure Distribution Venture Private Limited | ₹6.4 Cr (FY 2025) | •••• | •••• | 2931.0% | •••• | Goregoan West, Maharashtra, India |
| Lenient Consultants Private Ltd | ₹6.39 Cr (FY 2024) | •••• | •••• | 82.0% | •••• | New Delhi, Delhi, India |
| Industrial and Prudential Investment Company Limited Listed | ₹6.39 Cr (FY 2019) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Hincon Finance Ltd. this company | ₹6.38 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Bon4equi Global Consulting Private Limited | ₹6.38 Cr (FY 2024) | •••• | •••• | 142.0% | •••• | Mumbai, Maharashtra, India |
| Incents Consultants Pvt. Ltd. | ₹6.36 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Optimum Stock Trading Company Private Limited | ₹6.35 Cr (FY 2025) | •••• | •••• | 84.0% | •••• | Mumbai, Maharashtra, India |
| Yenomrah Technologies Private Limited | ₹6.34 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Choudhry Finance and Investments Private Limited | ₹6.32 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Hincon Finance by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 Hincon Finance Ltd.
Hincon Finance Ltd. is audited by ARUN PAI & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARUN PAI & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Hincon Finance Ltd.
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hincon Finance Ltd.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2025 | Others | ₹40 Cr | Open |
| 08 Dec 2025 | Others | ₹10 Cr | Open |
| 10 Feb 2017 | Others | ₹1,424.6 Cr | Open |
| 10 Feb 2017 | Others | ₹8,690.48 Cr | Open |
| 10 Feb 2017 | Others | ₹149 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Hincon Finance Ltd.
Employment history and EPFO contributions of people linked to Hincon Finance.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hincon Finance Ltd.
Hincon Finance Ltd. has 8 board changes on record since 1992: 4 appointments and 4 cessations. The latest: Rahul Shukla was appointed as Additional Director on 06 Nov 2025.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hincon Finance Ltd.
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hincon Finance Ltd.
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hincon Finance Ltd.
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hincon Finance Ltd.
Hincon Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2665M2ZA | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hincon Finance Ltd.
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hincon Finance Ltd.
Hincon Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 20 May 1992 (34+ years old) and is registered under CIN U67120MH1992PLC066854.
Hincon Finance reported revenue of ₹6.38 Cr for FY 2025 (down 53% YoY).
Hincon Finance has 3 current directors:
- Ajit Gulabchand - Director
- Shalaka Gulabchand Dhawan - Director
- Rahul Shukla - Additional Director
Hincon Finance reported a net profit of ₹1.62 Cr (net margin 25.4%) and EBITDA of ₹2.32 Cr (EBITDA margin 36.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hincon Finance is 6% over three years and -11% over five years. In the latest year (FY 2025) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hincon Finance is 27AAACH2665M2ZA, 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 Hincon Finance is U67120MH1992PLC066854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hincon Finance was incorporated on 20 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hincon Finance by revenue are Finergy Transport Finance Limited, Funny Commotrade Pvt Ltd, Secure Distribution Venture Private Limited, Lenient Consultants Private Ltd, Industrial and Prudential Investment Company Limited and 5 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Rahul Shukla was appointed as Additional Director on 06 Nov 2025. Girish Govind Gangal ceased to be Additional Director on 24 Sep 2019. Girish Govind Gangal was appointed as Director on 03 Apr 2019. Hincon Finance has 8 board changes on record in total.
Hincon Finance can be reached through the website hinconfinance.com. Its registered office is in Mumbai, Maharashtra, India.