India's Richest People 2026 edition · 1 director · Source: Hurun India
- #793 Pankaj Munjal & family ₹3,900 Cr
Market Cap
₹5,031 Cr
HEROMOTORS · NSE
Share Price
₹105.69
-4.58% today
Revenue
₹1,188 Cr
FY 2025-26 · +9.1% YoY
EBITDA
₹121 Cr
Margin 10.2%
Net Profit
₹44.12 Cr
FY 2025-26 · +80.4% YoY
P/E (TTM)
114.0x
P/B 4.6x
ROE
9.2%
ROCE 10.7%
Debt / Equity
1.00
Interest cover 56.3x
About Hero Motors Limited
Data last updated:
Hero Motors Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 April 1998 and has been in existence for over 28 years.
Its director Pankaj Munjal and family are #793 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29299PB1998PLC039602. Its GSTIN is 03AAACH8459F1ZO (Punjab). The company holds 8 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544936 and NSE: HEROMOTORS.
The company has an authorised share capital of ₹679.5 Cr and a paid-up capital of ₹379.31 Cr. It was formerly known as Hero Briggs & Stratton Auto Ltd and Hero Briggs & Stratton Auto Pvt Ltd. It is led by directors including Amit Gupta (Managing Director) and Abhishek Munjal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Hero Nagar G. T. Road, Ludhiana, Punjab, India – 141003.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,188.35 Cr, a growth of 9.1% compared to the previous year. For the same year it recorded a net profit of ₹44.12 Cr (net margin 3.7%) and EBITDA of ₹120.61 Cr (EBITDA margin 10.1%). The net worth stands at ₹474.66 Cr (up 11.7% YoY). Total assets are valued at ₹1,016.32 Cr (up 9.8% YoY).
The company has about 288 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Hero MotoCorp and Hero Motors. As per MCA filings, the company has open charges of ₹593.34 Cr and satisfied charges of ₹430.71 Cr on record. Court records list 38 cases involving the company, including 23 filed by the company and 15 filed against it; 6 cases are pending. The company has 12 deals on record (6 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹752.25 Cr; the latest was in September 2026. Its 5 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 1 smaller; the largest is Gestamp Automotive India Private Limited with revenue of ₹1,121.78 Cr. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 140 overdue payments to 33 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heromotors.com.
Company details
CIN U29299PB1998PLC039602
Registration Number 039602
Incorporation Date 30 April 1998
ROC Chandigarh
Listing Status Listed - Listed on NSE (HEROMOTORS); Listed on BSE (544936)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Hero Motors has undergone 2 name changes throughout its history. The company was previously known as Hero Briggs & Stratton Auto Ltd, and Hero Briggs & Stratton Auto Pvt Ltd. The current legal name is Hero Motors Limited.
| Company Name | Status |
|---|---|
| Hero Motors Limited | Current |
| Hero Briggs & Stratton Auto Ltd | Previous |
| Hero Briggs & Stratton Auto Pvt Ltd | Previous |
CIN history
Hero Motors has one previous CIN (Corporate Identification Number): U29299DL1998PLC093496. The current CIN is U29299PB1998PLC039602, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299PB1998PLC039602 | Current |
| U29299DL1998PLC093496 | Previous |
Recognitions & Rankings of Hero Motors
Contact details
Hero Motors Limited's registered office is in Ludhiana, Punjab. Its website is heromotors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressHero Nagar G. T. Road, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Hero Motors Limited, buy the company report.
Comprehensive company report
Hero Motors 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
Hero Motors operates two associated brands: Hero MotoCorp and Hero Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Motorcycles, scooters, and electric vehicles are manufactured and distributed. | heromotocorp.com | |
| Motor vehicle parts are manufactured and supplied for export markets. | heromotors.com |
Business activity
The main business activity of Hero Motors 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 Hero Motors Limited, buy the company report.
Financials of Hero Motors Limited
FY 2025-26 filings availableHero Motors Limited reported revenue of ₹1,188.35 Cr (up 9.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,188 Cr
+9.1% YoY
EBITDA
₹121 Cr
+29.1% YoY
Profit After Tax
₹44.12 Cr
+80.4% YoY
Net Worth
₹475 Cr
+11.7% YoY
Total Assets
₹1,016 Cr
+9.8% YoY
Total Debt
₹471 Cr
+9.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 1,188 | 1,090 | 1,064 |
| Revenue growth | +9.1% | +2.4% | - |
| EBITDA | 121 | 93.41 | 68.46 |
| EBITDA margin | +10.2% | +8.6% | +6.4% |
| Profit before tax | 61.01 | 39.06 | 24.31 |
| Net profit | 44.12 | 24.46 | 10.77 |
| Net profit margin | +3.7% | +2.2% | +1.0% |
| EPS (₹) | 1.22 | 0.71 | 0.38 |
| Balance sheet | |||
| Total assets | 1,016 | 925 | 787 |
| Net worth | 475 | 425 | 386 |
| Total debt | 471 | 432 | 334 |
| Cash & bank | 42.39 | 47.76 | 88.26 |
| Net working capital | 266 | 288 | 267 |
| Cash flow | |||
| Cash from operations | 144 | 48.34 | 132 |
| Cash from investing | (69.30) | (135) | (76.90) |
| Cash from financing | (61.80) | 53.69 | (20.36) |
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 319 | 323 | 256 |
| Revenue growth (YoY) | +24.9% | - | - |
| Other income | 3.32 | 6.23 | 8.19 |
| EBITDA | 35.94 | 37.36 | 18.72 |
| EBITDA margin | +11.3% | +11.6% | +7.3% |
| Depreciation | 12.51 | 11.10 | 10.91 |
| Interest | 11.17 | 11.05 | 9.54 |
| Profit before tax | 15.58 | 21.44 | 6.46 |
| Tax | 6.01 | 7.25 | 2.58 |
| Net profit | 9.57 | 14.19 | 3.88 |
| EPS (₹) | 0.27 | 0.39 | 0.12 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 1,008 | 898 | 891 | 1,055 | 904 | 706 |
| Revenue growth | +12.2% | +0.8% | -15.6% | +16.7% | +28.1% | - |
| EBITDA | 114 | 62.73 | 45.15 | 89.99 | 94.09 | 75.89 |
| EBITDA margin | +11.4% | +7.0% | +5.1% | +8.5% | +10.4% | +10.8% |
| Profit before tax | 87.79 | 33.06 | 24.17 | 60.23 | 136 | 50.18 |
| Net profit | 67.07 | 23.46 | 18.97 | 48.75 | 50.57 | 39.77 |
| Net profit margin | +6.7% | +2.6% | +2.1% | +4.6% | +5.6% | +5.6% |
| EPS (₹) | 1.71 | 0.66 | 0.54 | 1.38 | 28.29 | 11.50 |
| Balance sheet | ||||||
| Total assets | 837 | 793 | 724 | 627 | 419 | 361 |
| Net worth | 517 | 438 | 405 | 356 | 157 | 58.78 |
| Total debt | 299 | 335 | 301 | 242 | 250 | 291 |
| Cash & bank | 31.71 | 45.46 | 75.15 | 84.39 | 50.12 | 15.14 |
| Net working capital | 233 | 276 | 239 | 270 | 206 | 166 |
| Cash flow | ||||||
| Cash from operations | 144 | 35.03 | 116 | 70.88 | 60.28 | (15.23) |
| Cash from investing | (72.07) | (54.55) | (102) | (223) | 29.76 | 15.71 |
| Cash from financing | (67.77) | (2.17) | 11.17 | 106 | (55.06) | 5.65 |
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 278 | 282 | 214 |
| Revenue growth (YoY) | +29.7% | - | - |
| Other income | 3.73 | 7.85 | 5.46 |
| Total expenses | 237 | 245 | 196 |
| EBITDA | 41.68 | 36.61 | 18.64 |
| EBITDA margin | +15.0% | +13.0% | +8.7% |
| Depreciation | 6.21 | 6.14 | 5.29 |
| Interest | 8.03 | 8.12 | 7.31 |
| Profit before tax | 31.17 | 30.20 | 11.50 |
| Tax | 7.75 | 7.97 | 2.80 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 319 | 323 | 256 |
| Revenue growth (YoY) | +24.9% | - | - |
| Other income | 3.32 | 6.23 | 8.19 |
| EBITDA | 35.94 | 37.36 | 18.72 |
| EBITDA margin | +11.3% | +11.6% | +7.3% |
| Depreciation | 12.51 | 11.10 | 10.91 |
| Interest | 11.17 | 11.05 | 9.54 |
| Profit before tax | 15.58 | 21.44 | 6.46 |
| Tax | 6.01 | 7.25 | 2.58 |
| Net profit | 9.57 | 14.19 | 3.88 |
| EPS (₹) | 0.27 | 0.39 | 0.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 1,188 | 1,090 | 1,064 |
| Revenue growth | +9.1% | +2.4% | - |
| Other income | 28.39 | 21.64 | 19.03 |
| Total expenses | 1,068 | 996 | 996 |
| Employee cost | 164 | 171 | 177 |
| EBITDA | 121 | 93.41 | 68.46 |
| EBITDA margin | +10.2% | +8.6% | +6.4% |
| Depreciation | 45.94 | 37.94 | 28.55 |
| Interest | 42.05 | 38.05 | 34.63 |
| Profit before tax | 61.01 | 39.06 | 24.31 |
| Tax | 19.84 | 6.28 | 7.28 |
| Net profit | 44.12 | 24.46 | 10.77 |
| Net profit margin | +3.7% | +2.2% | +1.0% |
| EPS (₹) | 1.22 | 0.71 | 0.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 358 | 357 | 354 |
| Reserves & surplus | 116 | 67.71 | 32.26 |
| Shareholders' funds (net worth) | 475 | 425 | 386 |
| Minority interest | 6.35 | 0.92 | (11.02) |
| Secured loans | 401 | 408 | 304 |
| Unsecured loans | 69.83 | 24.02 | 29.99 |
| Total debt | 471 | 432 | 334 |
| Total liabilities | 1,016 | 925 | 787 |
| Assets | |||
| Gross block | 968 | 814 | 631 |
| Net block | 644 | 548 | 409 |
| Capital work in progress | 94.98 | 66.73 | 77.61 |
| Investments | 5.31 | 5.16 | 8.24 |
| Inventories | 209 | 191 | 180 |
| Sundry debtors | 253 | 202 | 195 |
| Cash & bank balances | 42.39 | 47.76 | 88.26 |
| Loans & advances | 99.79 | 72.04 | 66.47 |
| Total current assets | 604 | 513 | 529 |
| Total current liabilities | 338 | 225 | 262 |
| Net working capital | 266 | 288 | 267 |
| Total assets | 1,016 | 925 | 787 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 9.45 | 42.26 | 7.56 |
| Net cash from operating activities | 144 | 48.34 | 132 |
| Net cash from investing activities | (69.30) | (135) | (76.90) |
| Net cash from financing activities | (61.80) | 53.69 | (20.36) |
| Net change in cash | 12.94 | (32.81) | 34.70 |
| Closing cash | 42.39 | 47.76 | 88.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +9.1% | +2.4% | - |
| EBITDA growth | +29.1% | +36.4% | - |
| PBT growth | +56.2% | +60.7% | +9997.0% |
| Net income growth | +80.4% | +127.1% | - |
| Profitability & leverage | |||
| Net income margin | +3.5% | +3.0% | +1.6% |
| Return on capital employed | +10.7% | +9.0% | +7.4% |
| Return on net worth | +9.2% | +8.1% | +4.4% |
| Debt / equity | 1.00 | 0.94 | 0.87 |
| Long-term debt / equity | 0.34 | 0.30 | 0.27 |
| Interest cover | 56.31 | 68.60 | 86.77 |
| Efficiency & per share | |||
| Fixed asset turnover | 1.33 | 1.51 | 1.69 |
| Inventory turnover | 5.95 | 5.87 | 5.92 |
| Debtors turnover | 5.22 | 5.49 | 5.46 |
| EPS (₹) | 1.22 | 0.71 | 0.38 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 13.25 | 11.89 | 10.91 |
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 278 | 282 | 214 |
| Revenue growth (YoY) | +29.7% | - | - |
| Other income | 3.73 | 7.85 | 5.46 |
| Total expenses | 237 | 245 | 196 |
| EBITDA | 41.68 | 36.61 | 18.64 |
| EBITDA margin | +15.0% | +13.0% | +8.7% |
| Depreciation | 6.21 | 6.14 | 5.29 |
| Interest | 8.03 | 8.12 | 7.31 |
| Profit before tax | 31.17 | 30.20 | 11.50 |
| Tax | 7.75 | 7.97 | 2.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 1,008 | 898 | 891 | 1,055 | 904 | 706 |
| Revenue growth | +12.2% | +0.8% | -15.6% | +16.7% | +28.1% | - |
| Other income | 26.78 | 19.13 | 20.56 | 14.04 | 72.11 | 0.97 |
| Total expenses | 893 | 835 | 846 | 965 | 810 | 630 |
| Employee cost | 0.00 | 95.63 | 109 | 90.39 | 54.80 | 49.43 |
| EBITDA | 114 | 62.73 | 45.15 | 89.99 | 94.09 | 75.89 |
| EBITDA margin | +11.4% | +7.0% | +5.1% | +8.5% | +10.4% | +10.8% |
| Depreciation | 22.46 | 18.94 | 14.89 | 17.25 | 15.90 | 15.75 |
| Interest | 30.99 | 29.86 | 26.65 | 26.55 | 14.33 | 10.93 |
| Profit before tax | 87.79 | 33.06 | 24.17 | 60.23 | 136 | 50.18 |
| Tax | 22.18 | 9.46 | 5.19 | 11.61 | 38.08 | 10.40 |
| Net profit | 67.07 | 23.46 | 18.97 | 48.75 | 50.57 | 39.77 |
| Net profit margin | +6.7% | +2.6% | +2.1% | +4.6% | +5.6% | +5.6% |
| EPS (₹) | 1.71 | 0.66 | 0.54 | 1.38 | 28.29 | 11.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 379 | 378 | 354 | 354 | 34.60 | 34.60 |
| Reserves & surplus | 137 | 59.61 | 731 | 2.03 | 875 | 24.18 |
| Shareholders' funds (net worth) | 517 | 438 | 405 | 356 | 157 | 58.78 |
| Secured loans | 291 | 327 | 293 | 223 | 250 | 291 |
| Unsecured loans | 7.32 | 7.80 | 8.03 | 19.56 | 0.00 | 0.00 |
| Total debt | 299 | 335 | 301 | 242 | 250 | 291 |
| Total liabilities | 837 | 793 | 724 | 627 | 419 | 361 |
| Assets | ||||||
| Gross block | 470 | 429 | 319 | 279 | 209 | 406 |
| Net block | 358 | 339 | 246 | 218 | 165 | 183 |
| Capital work in progress | 46.38 | 28.52 | 49.48 | 4.77 | 9.12 | 4.40 |
| Investments | 131 | 104 | 81.48 | 60.52 | 28.44 | 0.00 |
| Inventories | 148 | 140 | 139 | 155 | 141 | 105 |
| Sundry debtors | 229 | 180 | 177 | 227 | 191 | 153 |
| Cash & bank balances | 31.71 | 45.46 | 75.15 | 84.39 | 50.12 | 15.14 |
| Loans & advances | 103 | 91.70 | 72.08 | 47.64 | 65.82 | 39.89 |
| Total current assets | 511 | 458 | 463 | 514 | 449 | 313 |
| Total current liabilities | 279 | 182 | 225 | 244 | 243 | 146 |
| Net working capital | 233 | 276 | 239 | 270 | 206 | 166 |
| Total assets | 837 | 793 | 724 | 627 | 419 | 361 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 7.46 | 29.15 | 3.86 | 50.12 | 15.14 | 9.02 |
| Net cash from operating activities | 144 | 35.03 | 116 | 70.88 | 60.28 | (15.23) |
| Net cash from investing activities | (72.07) | (54.55) | (102) | (223) | 29.76 | 15.71 |
| Net cash from financing activities | (67.77) | (2.17) | 11.17 | 106 | (55.06) | 5.65 |
| Net change in cash | 4.24 | (21.69) | 25.30 | (46.26) | 34.98 | 6.12 |
| Closing cash | 31.71 | 45.46 | 75.15 | 84.39 | 50.12 | 15.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +12.2% | +0.8% | -15.6% | +16.7% | +28.1% | - |
| EBITDA growth | +82.5% | +38.9% | -49.8% | -4.4% | +24.0% | - |
| PBT growth | +165.5% | +36.8% | -59.9% | -55.7% | +171.0% | +9997.0% |
| Net income growth | +185.9% | +23.7% | -61.1% | -3.6% | +27.2% | - |
| Revenue CAGR (3Y) | -1.5% | -0.2% | +8.1% | - | - | - |
| EBITDA CAGR (3Y) | +8.5% | -12.2% | -15.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +6.5% | +2.6% | +2.1% | +4.6% | +10.8% | +5.6% |
| Return on capital employed | +14.7% | +8.4% | +7.5% | +16.6% | +21.7% | +30.6% |
| Return on net worth | +14.4% | +5.7% | +5.0% | +19.0% | +46.9% | +87.5% |
| Debt / equity | 0.66 | 0.75 | 0.71 | 0.96 | 2.51 | 3.27 |
| Long-term debt / equity | 0.18 | 0.21 | 0.19 | 0.23 | 0.86 | 1.40 |
| Interest cover | 34.10 | 68.87 | 88.07 | 36.50 | 18.33 | 18.17 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 2.24 | 2.40 | 2.98 | 4.33 | 2.94 | 3.16 |
| Inventory turnover | 7.00 | 6.43 | 6.06 | 7.12 | 7.34 | 13.45 |
| Debtors turnover | 4.92 | 5.03 | 4.41 | 5.04 | 5.26 | 9.25 |
| EPS (₹) | 1.83 | 0.66 | 0.54 | 1.38 | 28.29 | 11.50 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 13.83 | 11.67 | 30.67 | 10.06 | 262.94 | 16.99 |
To see the full year-wise statements and ratios of Hero Motors Limited, buy the company report.
Board of directors of Hero Motors Limited
Hero Motors has 10 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Munjal Also directs: Munjal Kiriu Industries Private Limited, ZF Hero Chassis Systems Private Limited, Hero Cycles Limited and 5 more | Director | 30 May 2022 | 4 Years 4 Months | Current |
| Amit Gupta Also directs: Munjal Kiriu Industries Private Limited, ZF Hero Chassis Systems Private Limited, HMC E-Valley Private Limited and 5 more | Managing Director | 09 Sep 2022 | 4 Years 1 Months | Current |
| Sridhar Narayan Also directs: Seraphim Advisors India LLP, Ti Clean Mobility Private Limited, Seedworks International Limited and 1 more | Nominee Director | 04 Jan 2023 | 3 Years 9 Months | Current |
| Kulbir Singh Also directs: DCM Nouvelle Limited, DCM Nouvelle Specialty Chemicals Limited | Director | 01 Feb 2023 | 3 Years 8 Months | Current |
| Jyoti Arora Also directs: Pearl Global Industries Limited | Director | 28 Jan 2025 | 1 Years 8 Months | Current |
| Ashok Kumar Taneja | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Hero Motors Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), 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 |
|---|---|---|---|---|---|---|
| Hero Motors Limitedthis company | ₹1,188.35 Cr (FY 2026) | ₹44.12 Cr | 3.7% | 9.1% | 288 | Ludhiana, Punjab, India |
| Gestamp Automotive India Private Limited | ₹1,121.78 Cr (FY 2025) | 22.0% | Chakan, Maharashtra, India | |||
| Victora Industries Private Limited | ₹1,117.53 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Continental Engines Private Limited | ₹1,116.89 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Futaba Industrial Gujarat Private Limited | ₹1,116.51 Cr (FY 2025) | -12.0% | Ahmedabad, Gujarat, India | |||
| Faurecia Emissions Control Technologies India Private Limited | ₹1,083.19 Cr (FY 2025) | 11.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Hero Motors Limited, buy the company report.
Auditor
Hero Motors Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Hero Motors Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hero Motors Limited, buy the company report.
Charges & borrowings
Open charges
₹593.34 Cr
Satisfied charges
₹430.71 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2025 | 101147409 | Axis Bank Limited | ₹40 Cr | Open | |
| 13 Nov 2024 | 101011195 | Others | ₹90 Cr | Open | |
| 23 Sep 2024 | 100991704 | Standard Chartered Bank | ₹47.85 Cr | Open | |
| 23 Sep 2024 | 100991703 | Standard Chartered Bank | ₹33.14 Cr | Open | |
| 26 Apr 2024 | 100921324 | Others | ₹40 Cr | Open |
To see the full charge records of Hero Motors Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Hero Motors Limited has 12 deals on record (6 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹752.25 Cr; the latest was in September 2026.
Total deals
12
Funding rounds
6
Market trades
3
Secondary share transfers
2
IPO
1
Disclosed funding
₹752.25 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹46.16 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Sep 2026 | Market trade | ₹27.83 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Sep 2026 | Market trade | ₹29.66 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Sep 2026 | IPO | ₹1,000 Cr | Investors: Edelweiss Life Insurance Company Limited , Icici Prudential Life Insurance Company Limited , Unity Small Finance Bank Limited Seller: OP Munjal Holdings, Hero Cycles Limited |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: GEF Capital Partners, South Asia Growth Invest LLC Seller: Hero Cycles Limited |
To see the full deal history of Hero Motors Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hero Motors Limited has 38 court cases on record: 23 filed by Hero Motors, 15 filed against it. 6 cases are pending and 32 are disposed.
Total cases
38
Filed by the company
23
Filed against the company
15
Pending
6
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 7 | 5 |
| District courts | 14 | 6 | 1 |
| Supreme Court | 4 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (CM APPLI) | Filed against the company by Sadhu Forging Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by M/S Freight Systems (India) Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by Sadhu Forging Ltd | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against Argentum Auto Pvt.Ltd. | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Hero Motors 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
Hero Motors Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 140 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jai Bharat Industries | |||
| Bhagwan Automatics | |||
| K P N Industries | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Hero Motors Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hero Motors has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Hero Edu Systems Private Limited | U34100UP2022PTC175717 | |
| Spur Technologies Private Limited | U35990HR2014PTC074086 | |
| Hym Drive Systems Private Limited | U35999PB2022PTC055274 |
To see the full group structure of Hero Motors Limited, buy the company report.
Employees & EPFO
Hero Motors Limited has a workforce of 288 employees on its EPFO records as of Apr 09, 2024, across 3 active EPFO establishments.
Employee count
288
Active EPFO establishments
3
Employee growth
28700%
GST
Hero Motors has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
5
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACH8459F1ZO | Punjab | Active | 01 Jul 2017 |
| 09AAACH8459F2ZB | Uttar Pradesh | Active | 14 Nov 2022 |
| 06AAACH8459F2ZH | Haryana | Active | 29 Nov 2022 |
| 24AAACH8459F1ZK | Gujarat | Active | 29 Nov 2022 |
To see the full GST registrations and return filing status of Hero Motors Limited, buy the company report.
Recent activity
Hero Motors Limited has 37 board changes on record since 2007: 10 appointments and 27 cessations. The latest: Jyoti Arora ceased to be Additional Director on 11 Mar 2025.
Filing
Hero Motors Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge with Axis Bank Limited of Rs. 25.00 Cr registered on 30 Nov 2023 with Charge ID 100832546 was modified on 17 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 29.35 Cr registered on 21 Jul 2023 with Charge ID 100762169 was modified on 17 Nov 2025.
AGM
Hero Motors Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 40.00 Cr with Charge ID 101147409 was registered on 13 Aug 2025.
Charges
A charge with Standard Chartered Bank of Rs. 47.85 Cr registered on 23 Sep 2024 with Charge ID 100991704 was modified on 16 Jul 2025.
Charges
A charge with Standard Chartered Bank of Rs. 33.14 Cr registered on 23 Sep 2024 with Charge ID 100991703 was modified on 16 Jul 2025.
Charges
A charge with Others of Rs. 90.00 Cr registered on 13 Nov 2024 with Charge ID 101011195 was modified on 09 May 2025.
Ceased
Jyoti Arora ceased to be Additional Director.
Appointed
Jyoti Arora was appointed as Director.
Charges
A charge with Others amounted to Rs. 90.00 Cr with Charge ID 101011195 was registered on 13 Nov 2024.
Charges
A charge with Standard Chartered Bank amounted to Rs. 47.85 Cr with Charge ID 100991704 was registered on 23 Sep 2024.
122 earlier events are in the company report.
News
Hero Motors: Co Lists At Rs 82 Vs Issue Price Rs 84/Share.
Frequently asked questions
Hero Motors is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 April 1998 (28+ years old) and is registered under CIN U29299PB1998PLC039602. Listed on BSE: 544936 and NSE: HEROMOTORS.
Hero Motors reported revenue of ₹1,188.35 Cr for FY 2025-26 (up 9.1% YoY) based on consolidated financials.
Hero Motors has 10 current directors:
- Amit Gupta - Managing Director
- Abhishek Munjal - Whole-Time Director
- Pankaj Munjal - Director
- Sridhar Narayan - Nominee Director
- Kulbir Singh - Director
- Jyoti Arora - Director
- Ashok Kumar Taneja - Director
- Andrew Charles Palmer - Director
- Pratibha Goyal - Director
- Keshav Misra - Director
The latest financial statements of Hero Motors on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hero Motors is 03AAACH8459F1ZO, registered in Punjab. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 09AAACH8459F2ZB (Uttar Pradesh), 06AAACH8459F2ZH (Haryana), 24AAACH8459F1ZK (Gujarat).
The CIN (Corporate Identification Number) of Hero Motors is U29299PB1998PLC039602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hero Motors is a listed company as per MCA records. Its shares are listed on both BSE (code: 544936) and NSE (symbol: HEROMOTORS).
Hero Motors has 38 court cases on record: 23 filed by the company and 15 filed against it. 6 are pending. Most are in the high courts.
Hero Motors was incorporated on 30 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chandigarh.
Hero Motors has 12 deals on record (6 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹752.25 Cr; the latest was in September 2026.
The peers of Hero Motors by revenue are Gestamp Automotive India Private Limited, Victora Industries Private Limited, Continental Engines Private Limited, Futaba Industrial Gujarat Private Limited, Faurecia Emissions Control Technologies India Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products).
Jyoti Arora ceased to be Additional Director on 11 Mar 2025. Jyoti Arora was appointed as Director on 28 Jan 2025. Ashok Kumar Taneja was appointed as Director on 12 Aug 2024. Hero Motors has 37 board changes on record in total.