MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0046700
Hiro-Nisha Systems Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.87 Cr
▲ 62% YoY
Net profit · FY 2024
₹91.12 Lakh
Net margin 4.2%
EBITDA · FY 2024
₹2.83 Cr
EBITDA margin 12.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹22 Cr
Satisfied ₹2.25 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
35
Provident fund records
About Hiro-Nisha Systems Private Limited
Data last updated:
Hiro-Nisha Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial pumps and fluid systems segment of the machinery and industrial equipment sector. It was incorporated on 15 October 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29219GJ1986PTC009080. Its GSTIN is 24AABCH8269E1ZL (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹20 Lakh. It is led by directors including Hirenbhai Rasiklal Gajjar (Managing Director) and Chirantan Rohit Gajjar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2112 Phase – Iiig I D C Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.87 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹91.12 Lakh (net margin 4.2%) and EBITDA of ₹2.83 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 17% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hiro Nisha. As per MCA filings, the company has open charges of ₹22 Cr and satisfied charges of ₹2.25 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Hiro-Nisha Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0046700). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hironisha.com.
Company details
CIN U29219GJ1986PTC009080
Registration Number 009080
Incorporation Date 15 October 1986
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0046700
Key People
Hirenbhai Rasiklal Gajjar Managing Director Chirantan Rohit Gajjar Whole-Time Director Royal Gajjar Whole-Time Director Recognitions & Rankings of Hiro-Nisha Systems
Contact details
Hiro-Nisha Systems Private Limited's registered office is in Ahmedabad, Gujarat. Its website is hironisha.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2112 Phase – Iiig I D C Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryMachinery and Equipment, Industrial Pumps & Fluid Systems
To see the full contact details of Hiro-Nisha Systems Private Limited, buy the company report.
Comprehensive company report
Hiro-Nisha Systems 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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Brands
Hiro-Nisha Systems operates one associated brand: Hiro Nisha. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| High-pressure triplex plunger pumps are manufactured for industrial sectors. | hironisha.com |
Business activity
The main business activity of Hiro-Nisha Systems is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Hiro-Nisha Systems Private Limited, buy the company report.
Financials of Hiro-Nisha Systems Private Limited
FY 2025 filings availableHiro-Nisha Systems Private Limited reported revenue of ₹21.87 Cr (up 62% YoY) for FY 2024.
Revenue · FY 2024
₹21.87 Cr ▲ 62%
Net profit · FY 2024
₹91.12 Lakh margin 4.2%
EBITDA · FY 2024
₹2.83 Cr margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 23%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 1%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 62% growth in the latest year. EBITDA rose 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹91.12 Lakh | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Hiro-Nisha Systems Private Limited, buy the company report.
Board of directors of Hiro-Nisha Systems Private Limited
Hiro-Nisha Systems has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirantan Rohit Gajjar Also directs: Swelore Engineering Private Limited | Whole-Time Director | 15 Oct 1986 | 40 Years 0 Months | Current |
| Royal Gajjar Also directs: Swelore Engineering Private Limited | Whole-Time Director | 01 May 2012 | 14 Years 5 Months | Current |
| Hirenbhai Rasiklal Gajjar Also directs: Swelore Engineering Private Limited | Managing Director | 15 Oct 1986 | 40 Years 0 Months | Current |
| Hiren Harshadrai Mistry | Additional Director | 30 Sep 2025 | 1 Years 1 Months | Current |
| Daniel Stirpe | Director | 30 Sep 2025 | 1 Years 1 Months | Current |
| Matthias Probian | Director | 30 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Hiro-Nisha Systems Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Pumps), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Perfect Pump Industries Private Limited | ₹22.9 Cr (FY 2024) | 1.0% | Rajkot, Gujarat, India | |||
| Kalsi Engineers Private Limited | ₹22.58 Cr (FY 2020) | -10.0% | Jalandhar, Punjab, India | |||
| Bhagirathi Metal Industries Pvt Ltd | ₹22.02 Cr (FY 2025) | -19.0% | Khurda, Odisha, India | |||
| Hiro-Nisha Systems Private Limitedthis company | ₹21.87 Cr (FY 2024) | ₹91.12 Lakh | 4.2% | 62.0% | 35 | Ahmedabad, Gujarat, India |
| Topland Pumps Private Limited | ₹21.34 Cr (FY 2025) | -22.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Hiro-Nisha Systems Private Limited, buy the company report.
Auditor
Hiro-Nisha Systems Private Limited is audited by B.A. Pavagadhi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.A. Pavagadhi & Co. | FY 2023 | 107862W |
Shareholding
The shareholding of Hiro-Nisha Systems Private Limited 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hiro-Nisha Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22 Cr
Satisfied charges
₹2.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2019 | 100308214 | State Bank of India | ₹22 Cr | Open | |
| 14 Jun 1999 | 90094385 | State Bank of India | ₹2 Cr | Satisfied | |
| 29 Sep 1998 | 90095619 | The State Bank of India | ₹25 Lakh | Satisfied |
To see the full charge records of Hiro-Nisha Systems Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Hiro-Nisha Systems Private Limited has 1 court case on record: 1 filed by Hiro-Nisha Systems. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against M/S. Purav Industries, A Partnership Firm and 2 others | Disposed |
To see the full case history of Hiro-Nisha Systems 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 Hiro-Nisha Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hiro-Nisha Systems Private Limited has a workforce of 35 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
35
Active EPFO establishments
1
Employee growth
16.67%
GST
Hiro-Nisha Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH8269E1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiro-Nisha Systems Private Limited, buy the company report.
Recent activity
Hiro-Nisha Systems Private Limited has 9 board changes on record since 1986: 6 appointments and 3 cessations. The latest: Daniel Stirpe was appointed as Director on 30 Sep 2025.
Charges
A charge registered on 14 Jun 1999 via Charge ID 90094385 with State Bank Of India was fully satisfied on 06 Jan 2026.
AGM
Hiro-Nisha Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Daniel Stirpe was appointed as Director.
Appointed
Hiren Harshadrai Mistry was appointed as Additional Director.
Appointed
Matthias Probian was appointed as Director.
Charges
A charge registered on 29 Sep 1998 via Charge ID 90095619 with The State Bank Of India was fully satisfied on 12 Jun 2025.
Filing
Hiro-Nisha Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 2.00 Cr registered on 14 Jun 1999 with Charge ID 90094385 was modified on 06 Nov 2023.
Charges
A charge with State Bank Of India amounted to Rs. 22.00 Cr with Charge ID 100308214 was registered on 20 Nov 2019.
Appointed
Royal Gajjar was appointed as Whole-Time Director.
Ceased
Royal Gajjar ceased to be Director.
Ceased
Chirantan Rohit Gajjar ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Hiro-Nisha Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial pumps and fluid systems, within the machinery and equipment industry. It was incorporated on 15 October 1986 (40+ years old) and is registered under CIN U29219GJ1986PTC009080.
Hiro-Nisha Systems has 6 current directors:
- Hirenbhai Rasiklal Gajjar - Managing Director
- Chirantan Rohit Gajjar - Whole-Time Director
- Royal Gajjar - Whole-Time Director
- Hiren Harshadrai Mistry - Additional Director
- Daniel Stirpe - Director
- Matthias Probian - Director
The latest financial statements of Hiro-Nisha Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hiro-Nisha Systems is 24AABCH8269E1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Hiro-Nisha Systems is U29219GJ1986PTC009080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiro-Nisha Systems has 1 court case on record: 1 filed by the company.
Hiro-Nisha Systems was incorporated on 15 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hiro-Nisha Systems by revenue are Perfect Pump Industries Private Limited, Kalsi Engineers Private Limited, Bhagirathi Metal Industries Pvt Ltd, Topland Pumps Private Limited, all in the Machinery and Equipment industry (Pumps), with the same principal business activity (metal and metal products).
Daniel Stirpe was appointed as Director on 30 Sep 2025. Hiren Harshadrai Mistry was appointed as Additional Director on 30 Sep 2025. Matthias Probian was appointed as Director on 30 Sep 2025. Hiro-Nisha Systems has 9 board changes on record in total.
Yes, Hiro-Nisha Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0046700).
Hiro-Nisha Systems can be reached through the website hironisha.com. Its registered office is in Ahmedabad, Gujarat, India.
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