India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Himanshu Khushalbhai Patel & family ₹1,000 Cr
Revenue · FY 2025
₹11.22 Cr
▲ 132% YoY
Net profit · FY 2025
₹20.58 Lakh
Net margin 1.8%
EBITDA · FY 2025
₹60.37 Lakh
EBITDA margin 5.4%
Authorised capital
₹3.2 Cr
Registered with MCA
Paid-up capital
₹3.13 Cr
Issued & subscribed
Satisfied charges
₹62.61 Cr
No open charges
Company age
46 yrs
Est. 1980
Directors on board
4
As per MCA filings
About Hle Engineers Private Limited
Data last updated:
Hle Engineers Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 25 April 1980 and has been in existence for over 46 years.
Its director Himanshu Khushalbhai Patel and family are #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ1980PTC003739. Its GSTIN is 24AAACH5979G1ZF (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹3.13 Cr. It was formerly known as Heerasons Chemicals Pvt Ltd and Hle Engineers Limited. It is led by directors including Himanshu Khushalbhai Patel and Harsh Himanshubhai Patel.
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 Sur.No.60/1 Ground Floor Plot – 1&2 Nr.Shukan Bung Opp.Maheshvari Bhavan City Light Area, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.22 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹20.58 Lakh (net margin 1.8%) and EBITDA of ₹60.37 Lakh (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 442% over three years and 11% over five years.
The company is associated with 1 brand: HLE Glascoat. As per MCA filings, the company has satisfied charges of ₹62.61 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hleglascoat.com.
Company details
CIN U29100GJ1980PTC003739
Registration Number 003739
Incorporation Date 25 April 1980
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Hle Engineers has undergone 2 name changes throughout its history. The company was previously known as Heerasons Chemicals Pvt Ltd, and Hle Engineers Limited. The current legal name is Hle Engineers Private Limited.
| Company Name | Status |
|---|---|
| Hle Engineers Private Limited | Current |
| Heerasons Chemicals Pvt Ltd | Previous |
| Hle Engineers Limited | Previous |
CIN history
Hle Engineers has one previous CIN (Corporate Identification Number): U24231GJ1980PTC003739. The current CIN is U29100GJ1980PTC003739, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100GJ1980PTC003739 | Current |
| U24231GJ1980PTC003739 | Previous |
Key People
Himanshu Khushalbhai Patel Director Harsh Himanshubhai Patel Director Aalap Nileshbhai Patel Additional Director Recognitions & Rankings of Hle Engineers
Contact details
Hle Engineers Private Limited's registered office is in Surat, Gujarat. Its website is hleglascoat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSur.No.60/1 Ground Floor Plot – 1&2 Nr.Shukan Bung Opp.Maheshvari Bhavan City Light Area, Surat, Gujarat, India – 395001
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Hle Engineers Private Limited, buy the company report.
Comprehensive company report
Hle Engineers 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
Hle Engineers operates one associated brand: HLE Glascoat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Filtration, drying, glass-lined, metal, and material equipment is manufactured. | hleglascoat.com |
Business activity
The main business activity of Hle Engineers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Hle Engineers Private Limited, buy the company report.
Financials of Hle Engineers Private Limited
FY 2024 filings availableHle Engineers Private Limited reported revenue of ₹11.22 Cr (up 132% YoY) for FY 2025.
Revenue · FY 2025
₹11.22 Cr ▲ 132%
Net profit · FY 2025
₹20.58 Lakh margin 1.8%
EBITDA · FY 2025
₹60.37 Lakh margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 132%
3 years · compounded
▲ 442%
5 years · compounded
▲ 11%
EBITDA CAGR growth
3 years · compounded
▲ 78%
5 years · compounded
▲ 178%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 132% 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
| 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹60.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.58 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Hle Engineers Private Limited, buy the company report.
Board of directors of Hle Engineers Private Limited
Hle Engineers has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Khushalbhai Patel | Director | 22 Nov 2001 | 24 Years 11 Months | Current |
| Harsh Himanshubhai Patel | Director | 30 Jul 2016 | 10 Years 2 Months | Current |
| Aalap Nileshbhai Patel Also directs: Thaletec LLP, Hle Glascoat Limited, Kinam Engineering Industries Private Limited and 1 more | Additional Director | 03 Nov 2025 | 0 Years 11 Months | Current |
| Nilesh Khushalbhai Patel | Director | 21 Dec 2001 | 24 Years 10 Months | Current |
Auditor
Hle Engineers Private Limited is audited by M.M. NISSIM & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.M. NISSIM & CO. LLP | FY 2023 | 107122W |
Shareholding
The shareholding of Hle Engineers 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 Hle Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹62.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2007 | 10086829 | Hdfc Bank Limited | ₹57.61 Cr | Satisfied | |
| 28 Sep 2007 | 10086485 | Hdfc Bank Limited | ₹2.3 Cr | Satisfied | |
| 22 Jun 2005 | 90095454 | Bank of Baroda | ₹90 Lakh | Satisfied | |
| 26 Mar 2004 | 90094472 | Bank of Baroda | ₹90 Lakh | Satisfied | |
| 23 Feb 2004 | 90095365 | Bank of Baroda | ₹90 Lakh | Satisfied |
To see the full charge records of Hle Engineers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Hle Engineers Private Limited has 14 court cases on record: 9 filed by Hle Engineers, 5 filed against it. All cases are disposed.
Total cases
14
Filed by the company
9
Filed against the company
5
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 4 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed by the company against Ms Plazma Technologies Pvt. Ltd 7 | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Navsari, Gujarat | Court case (CR RA) | Filed by the company against Shri G R Kokani, Dy. Commissioner of Income Tax, Navsari and 1 other | Disposed |
To see the full case history of Hle Engineers 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
Hle Engineers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 9 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arihant Packing Industry | |||
| DHV Fitting Private Limited | |||
| Hi-Tech Marketing | |||
| Rossi Gearmotors (India) Private Limited | |||
| M M Nissim & Co LLP |
To see the full MSME payment records of Hle Engineers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Hle Engineers has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH5979G1ZF | Gujarat | Active | 01 Jul 2017 |
| 24AAACH5979G2ZE | Gujarat | Active | 08 Apr 2022 |
To see the full GST registrations and return filing status of Hle Engineers Private Limited, buy the company report.
Recent activity
Hle Engineers Private Limited has 6 board changes on record since 2001: 4 appointments and 2 cessations. The latest: Aalap Nileshbhai Patel was appointed as Additional Director on 03 Nov 2025.
Appointed
Aalap Nileshbhai Patel was appointed as Additional Director.
AGM
Hle Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hle Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Harsh Himanshubhai Patel ceased to be Additional Director.
Appointed
Harsh Himanshubhai Patel was appointed as Director.
Ceased
Sharad Khushalbhai Patel ceased to be Director.
Charges
A charge registered on 25 Oct 2007 via Charge ID 10086829 with Hdfc Bank Limited was fully satisfied on 02 Apr 2015.
Charges
A charge registered on 28 Sep 2007 via Charge ID 10086485 with Hdfc Bank Limited was fully satisfied on 02 Apr 2015.
Charges
A charge with Hdfc Bank Limited of Rs. 57.61 Cr registered on 25 Oct 2007 with Charge ID 10086829 was modified on 30 May 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 57.61 Cr with Charge ID 10086829 was registered on 25 Oct 2007.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.30 Cr with Charge ID 10086485 was registered on 28 Sep 2007.
Charges
A charge registered on 22 Jun 2005 via Charge ID 90095454 with Bank Of Baroda was fully satisfied on 21 Sep 2007.
8 earlier events are in the company report.
News
Frequently asked questions
Hle Engineers is an active private limited company based in Surat, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 25 April 1980 (46+ years old) and is registered under CIN U29100GJ1980PTC003739.
Hle Engineers has 4 current directors:
- Himanshu Khushalbhai Patel - Director
- Harsh Himanshubhai Patel - Director
- Aalap Nileshbhai Patel - Additional Director
- Nilesh Khushalbhai Patel - Director
The latest financial statements of Hle Engineers 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 2015 are in the company report.
The GSTIN of Hle Engineers is 24AAACH5979G1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACH5979G2ZE (Gujarat).
The CIN (Corporate Identification Number) of Hle Engineers is U29100GJ1980PTC003739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hle Engineers has 14 court cases on record: 9 filed by the company and 5 filed against it. Most are in the district courts.
Hle Engineers was incorporated on 25 April 1980, making it 46+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aalap Nileshbhai Patel was appointed as Additional Director on 03 Nov 2025. Harsh Himanshubhai Patel ceased to be Additional Director on 30 Sep 2016. Harsh Himanshubhai Patel was appointed as Director on 30 Jul 2016. Hle Engineers has 6 board changes on record in total.
Hle Engineers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 9 overdue payments to 8 micro and small suppliers. The latest return was filed on 23 May 2019.
Hle Engineers can be reached through the website hleglascoat.com. Its registered office is in Surat, Gujarat, India.
The registered office of Hle Engineers is at Sur.No.601 Ground Floor Plot – 1&2 Nr.Shukan Bung Opp.Maheshvari Bhavan City Light Area, Surat, Gujarat, India – 395001.