Company Intelligence Profile
Hero Steels Limited
Hero Steels Limited manufactures cold-rolled (CR/CRCA) steel strips from hot-rolled steel and ERW (electric resistance welded) steel tubes, serving primarily the automotive and engineering sectors.
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Hero Steels Limited |
|---|---|
| CIN | U28999DL2010PLC205966 |
| PAN | AACCH4638L |
| Status | Active |
| Listing | Unlisted public company |
| Incorporated | 16 July 2010 |
| ROC | RoC-Delhi |
| Sector (NIC) | Manufacturing - Metals & Chemicals and their products; specifically manufacture of CR (cold-rolled) strips from hot-rolled steel and ERW tubes |
| Registered address | 264, Okhla Industrial Estate, Phase III, South Delhi, New Delhi, Delhi 110020 |
| Authorized capital | INR 175.0 crore |
| Paid-up capital | INR 124.95 crore |
Business Overview
Confirmed- Hero Steels Limited manufactures cold-rolled (CR/CRCA) steel strips from hot-rolled steel and ERW (electric resistance welded) steel tubes, serving primarily the automotive and engineering sectors
- Combined manufacturing capacity cited at ~204,000 MTPA (180,000 MTPA CRCA rolling + 24,000 MTPA ERW tube mills)
- Manufacturing facility located in Ludhiana, Punjab; corporate/registered office in New Delhi
- Company traces its roots to 1995 and operates as part of the Hero Enterprise / Hero Corporate Service Pvt Ltd (HCSPL) group of businesses (alongside Hero Insurance Broking India Pvt Ltd and Hero Realty Pvt Ltd/Hero Homes), which is itself one of the groups descended from the original Hero Group founded by the Munjal family
- ISO 9001 & ISO 14001 certified
- Source: herosteels.com (official site), corroborated by Tofler sector classification
Directors
Partial / conflictingConfirmed via Tofler (falconebiz not independently reachable to cross-verify DINs — partial confidence on DIN accuracy, single-source):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sunil Kant Munjal | 00003902 | - | - |
| Suman Kant Munjal | 00002803 | - | - |
| Shefali Munjal | 01336733 | - | - |
| Sushil Kumar Roongta | 00309302 | - | - |
| Jogendra Singh | 01962316 | - | - |
| Rekha Sethi | 06809515 | - | - |
Financials
Partial / conflictingFY2023-24:
| Revenue | "Over INR 500 crore" (~flat, -0.35% YoY) |
|---|---|
| EBITDA | declined sharply YoY |
| Net Profit (PAT) | declined YoY |
| Net Worth | declined YoY (-23.82%) |
| Debt-to-Equity | 0.77 |
| Total Borrowings | increased YoY (+7.73%) |
exact absolute INR figures for EBITDA/PAT/net worth/borrowings sit behind Tofler's paywall; only YoY percentage changes and the revenue band were retrievable. No second financial-data source (e.g., screener/moneycontrol) was reachable in this session since the company is unlisted and not covered there. Treat as partial confidence.
Charges & Loans
Confirmed| HDFC Bank Limited | ₹185.5 cr (3 charges/loans) |
|---|---|
| Kotak Mahindra Bank | ₹70.0 cr |
| ICICI Bank | ₹66.0 cr (incl. most recent charge, ₹50.0 cr, dated January 2025) |
| The Federal Bank | ₹45.0 cr |
| Axis Bank | ₹40.0 cr |
| State Bank of India | ₹38.0 cr |
(Remaining ~3 institutions/amounts not itemized in the fetched extract.) Per the source-map convention, "no charges" would mean no open charges, not none ever — here charges are explicitly open and substantial.
Legal (Indian Kanoon)
Partial / conflictingConfirmed — multiple listed proceedings involving Hero Steels Limited as party (mostly as respondent), spanning 2017-2025, largely commercial/civil-tribunal in nature, no indication of material adverse litigation:
- Usha Matta & Ors vs Hero Steels Limited (17 Feb 2025) — Punjab & Haryana HC
- M/S Promptech Industrial Products vs Hero Steels Ltd (5 Dec 2024) — Punjab & Haryana HC
- Deepak Raheja vs Hero Steels Limited (23 Nov 2023) — Punjab & Haryana HC
- M/S Neel Kanth Industries vs Hero Steels Ltd (29 Mar 2019) — Punjab & Haryana HC
- Hero Steels Ltd vs Ludhiana (29 May 2019 / 2 May 2019) — Customs, Excise & Service Tax Appellate Tribunal
- Rolex Cycles Pvt. Ltd vs Hero Steels Ltd (6 Nov 2017) — NCLAT
- Ashwini Kumar Prabhakar vs Hero Steels Limited (28 Mar 2018) — Supreme Court of India
None reviewed in full text (only case index/titles retrieved); no adverse judgment amounts or outcomes confirmed.
Competitors
Partial / conflictingNamed peers in CR steel strips / ERW tubes / automotive-engineering steel components (based on general industry knowledge, not independently re-verified this session — treat as indicative, not confirmed):
- APL Apollo Tubes Ltd — large scale, listed, India's largest ERW steel-tube maker (much larger scale than Hero Steels)
- Surya Roshni Ltd — large scale, listed, steel pipes/tubes + lighting
- Jindal Saw Ltd — large scale, listed, pipes/tubes (broader diameter range)
- Man Industries (India) Ltd — mid-large scale, listed, steel pipes
- Rathi Steel & Power / Rathi Bars — mid scale, steel long products
- Sarthak Metals Ltd — smaller scale, steel/ferro-alloys adjacent
Hero Steels itself is a mid-scale, closely-held (non-listed) player relative to APL Apollo/Jindal Saw/Surya Roshni.
Frequently Asked Questions
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