Startup India Government of India
Hoeleco Multiventure India Private Limited - electrnoics in Sangli, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2024
₹2.8 Cr
▼ 10% YoY
Net profit · FY 2024
₹6.37 Lakh
Net margin 2.3%
EBITDA · FY 2024
₹13.92 Lakh
EBITDA margin 5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹90 Lakh
Satisfied ₹7.5 Lakh
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
About Hoeleco Multiventure India Private Limited
Data last updated:
Hoeleco Multiventure India Private Limited is a private limited company based in Sangli, Maharashtra, India, recognised as a startup by DPIIT. It operates in the home appliances segment of the electronics sector. It was incorporated on 01 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29309PN2019PTC182582.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mahadev Gangaram Pawar (Managing Director) and Prashant Rajaram Pawar.
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 C/O Jamdade Shivaji Krishna Manerajuri Tal. Tasgaon, Sangli, Maharashtra, India – 416312.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.8 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹6.37 Lakh (net margin 2.3%) and EBITDA of ₹13.92 Lakh (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years.
The company is associated with 1 brand: Hoeleco. As per MCA filings, the company has open charges of ₹90 Lakh and satisfied charges of ₹7.5 Lakh on record.
Hoeleco Multiventure India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-29-0029431). For more details, the company can be reached via its website hoelecoindia.com.
Company details
CIN U29309PN2019PTC182582
Registration Number 182582
Incorporation Date 01 March 2019
ROC Pune
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-29-0029431
Key People
Mahadev Gangaram Pawar Managing Director Prashant Rajaram Pawar Director Prakash Shivaji Jamdade Director Recognitions & Rankings of Hoeleco Multiventure India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-29-0029431
Contact details
Hoeleco Multiventure India Private Limited's registered office is in Sangli, Maharashtra.
- Registered AddressC/O Jamdade Shivaji Krishna Manerajuri Tal. Tasgaon, Sangli, Maharashtra, India – 416312
- IndustryElectrnoics, Home Appliance, Manufacturing
Comprehensive company report
Hoeleco Multiventure India 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
Hoeleco Multiventure India operates one associated brand: Hoeleco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply of industrial equipment and spares for sugar and other sectors in India. | hoelecoindia.com |
Business activity
The main business activity of Hoeleco Multiventure India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Hoeleco Multiventure India Private Limited, buy the company report.
Financials of Hoeleco Multiventure India Private Limited
FY 2025 filings availableHoeleco Multiventure India Private Limited reported revenue of ₹2.8 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹2.8 Cr ▼ 10%
Net profit · FY 2024
₹6.37 Lakh margin 2.3%
EBITDA · FY 2024
₹13.92 Lakh margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 124%
Revenue fell 10% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 50%. EBITDA rose 87% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.37 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| 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 | 5% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Hoeleco Multiventure India Private Limited, buy the company report.
Board of directors of Hoeleco Multiventure India Private Limited
Hoeleco Multiventure India has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Rajaram Pawar | Director | 01 Mar 2019 | 7 Years 8 Months | Current |
| Mahadev Gangaram Pawar | Managing Director | 01 Mar 2019 | 7 Years 8 Months | Current |
| Prakash Shivaji Jamdade | Director | 01 Mar 2019 | 7 Years 8 Months | Current |
Peer comparison
Hoeleco Multiventure India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhoomi Modular Systems Private Limited | ₹2.81 Cr (FY 2024) | 19.0% | Ahmedabad, Gujarat, India | |||
| Sits Cooling Systems Private Limited | ₹2.8 Cr (FY 2024) | 381.0% | Hyderabad, Telangana, India | |||
| Hoeleco Multiventure India Private Limitedthis company | ₹2.8 Cr (FY 2024) | ₹6.37 Lakh | 2.3% | -10.0% | Sangli, Maharashtra, India | |
| Walia Engineering Associates Pvt Ltd | ₹2.79 Cr (FY 2025) | -11.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Hoeleco Multiventure India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90 Lakh
Satisfied charges
₹7.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2023 | 100740708 | Others | ₹30 Lakh | Open | |
| 24 Sep 2021 | 100521210 | Others | ₹60 Lakh | Open | |
| 27 Apr 2022 | 100569187 | Others | ₹7.5 Lakh | Satisfied |
To see the full charge records of Hoeleco Multiventure India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Hoeleco Multiventure India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hoeleco Multiventure India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Hoeleco Multiventure India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hoeleco Multiventure India Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Mahadev Gangaram Pawar was appointed as Managing Director on 01 Mar 2019.
AGM
Hoeleco Multiventure India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hoeleco Multiventure India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others of Rs. 60.00 Lakh registered on 24 Sep 2021 with Charge ID 100521210 was modified on 05 Aug 2024.
Charges
A charge registered on 27 Apr 2022 via Charge ID 100569187 with Others was fully satisfied on 27 Jul 2024.
Charges
A charge with Others of Rs. 30.00 Lakh registered on 16 Jun 2023 with Charge ID 100740708 was modified on 22 Jun 2023.
Charges
A charge with Others amounted to Rs. 30.00 Lakh with Charge ID 100740708 was registered on 16 Jun 2023.
Charges
A charge with Others amounted to Rs. 7.50 Lakh with Charge ID 100569187 was registered on 27 Apr 2022.
Charges
A charge with Others amounted to Rs. 60.00 Lakh with Charge ID 100521210 was registered on 24 Sep 2021.
Appointed
Mahadev Gangaram Pawar was appointed as Managing Director.
Appointed
Prakash Shivaji Jamdade was appointed as Director.
Appointed
Prashant Rajaram Pawar was appointed as Director.
Incorporation
01 Mar 2019
Hoeleco Multiventure India Private Limited was registered on 01 Mar 2019 with Roc Pune & aged 7 years 8 months as per MCA records.
Frequently asked questions
Hoeleco Multiventure India is an active private limited company based in Sangli, Maharashtra, India. The company works in home appliance, within the electronics industry. It was incorporated on 01 March 2019 (7+ years old) and is registered under CIN U29309PN2019PTC182582.
Hoeleco Multiventure India has 3 current directors:
- Mahadev Gangaram Pawar - Managing Director
- Prashant Rajaram Pawar - Director
- Prakash Shivaji Jamdade - Director
The latest financial statements of Hoeleco Multiventure India 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Hoeleco Multiventure India is U29309PN2019PTC182582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hoeleco Multiventure India was incorporated on 01 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Hoeleco Multiventure India by revenue are Bhoomi Modular Systems Private Limited, Sits Cooling Systems Private Limited, Walia Engineering Associates Pvt Ltd, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mahadev Gangaram Pawar was appointed as Managing Director on 01 Mar 2019. Prakash Shivaji Jamdade was appointed as Director on 01 Mar 2019. Prashant Rajaram Pawar was appointed as Director on 01 Mar 2019.
Yes, Hoeleco Multiventure India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Hoeleco Multiventure India is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-29-0029431).
Hoeleco Multiventure India can be reached through the website hoelecoindia.com. Its registered office is in Sangli, Maharashtra, India.
The registered office of Hoeleco Multiventure India is at CO Jamdade Shivaji Krishna Manerajuri Tal. Tasgaon, Sangli, Maharashtra, India – 416312.
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