Company Intelligence Profile
Hesa Enterprises Private Limited
Company operates under the consumer-facing brand "Hesa" — a rural "phygital" (physical+digital) commerce and fintech-distribution platform connecting brands/banks/NGOs to rural India via a network of village-level entrepreneurs ("Hesaathis").
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Hesa Enterprises Private Limited |
|---|---|
| CIN | U74110TG2012PTC080319 |
| PAN | AAFCR8177F (confirmed: Falconebiz identity page; consistent with prefix of all GSTINs found) |
| Status | Active (as per Tofler, TheCompanyCheck, Falconebiz — all consistent) |
| Listing | No — unlisted private limited company |
| Incorporated | 16 April 2012 (confirmed: Tofler, TheCompanyCheck, Falconebiz) |
| ROC | RoC-Hyderabad (confirmed: TheCompanyCheck, Falconebiz) |
| Sector (NIC) | MCA classification: U74110 (Legal activities) per Falconebiz / "Business services n.e.c. — event ticket/entertainment reservation services" per Tofler. Note: this registry NIC code reflects the company's original 2012 registration (as "Rural Yellow Times Private Limited"); it does not match the company's actual current business (rural commerce/fintech-agritech platform under the "Hesa" brand) — common gap when a shell entity is repurposed. Flagged as a conflict, not resolved. |
| Registered address | H.No. 36-137/6 & 36-136/49, Plot No. 61 & 63, SS Mansion, First Floor, Defence Colony, Secunderabad, Sainikpuri, Tirumalagiri, Hyderabad, Telangana, India – 500094 (confirmed: Tofler, TheCompanyCheck, Falconebiz — identical address on all three) |
| Authorized capital | ₹5,20,88,660 (~₹5.21 Cr) — confirmed by 2 sources (Falconebiz, TheCompanyCheck). Tofler shows a stale ₹3.0 Cr figure; the higher, matching figure from 2 sources is treated as current. |
| Paid-up capital | ₹3,06,44,300 (~₹3.06 Cr) — confirmed by 2 sources (Falconebiz, TheCompanyCheck); Tofler shows ₹3.0 Cr (consistent, rounded). |
Business Overview
Confirmed- Company operates under the consumer-facing brand "Hesa" — a rural "phygital" (physical+digital) commerce and fintech-distribution platform connecting brands/banks/NGOs to rural India via a network of village-level entrepreneurs ("Hesaathis")
- Services include rural distribution of FMCG, agritech inputs, banking/insurance/financial-services access, and CSR/NGO program delivery, claiming reach toward ~850 million rural consumers (per own site, unverified)
- Originally incorporated in 2012 as "Rural Yellow Times Private Limited" (later "Hesa India Private Limited"), renamed to current name — confirms this is the same legal entity as the Hesa brand (source: Falconebiz previous-names field + hesa.co site + PAN/GSTIN linkage)
- Inc42 dates the "Hesa" branded business launch to 2020, with founders Hema Nandiraju and Vamsi Udayagiri (also long-tenured directors on the CIN)
- Sources: hesa.co (official site), Inc42 company profile, Falconebiz
Directors
ConfirmedConfirmed by 3 sources (Tofler, TheCompanyCheck, Falconebiz), names and DINs consistent: (1) Vamsi Krishna Udayagiri — DIN 05159635, director since incorporation (16 Apr 2012); (2) Hema Sowjanya Nandiraju — DIN 05210010, appointed 15 Jun 2020 / 30 Nov 2021 (sources differ on exact appointment date); (3) Manish Modi — DIN 00030036, appointed 3 Dec 2021. Last AGM: 30 Sep 2025 (Falconebiz) vs 31 Dec 2024 (Tofler) — date conflict, not resolved; latest balance sheet on file per Falconebiz: 31 Mar 2025.
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 36AAFCR8177F1Z1 | Telangana | AAFCR8177F (confirmed: Falconebiz identity page; consistent with prefix of all GSTINs found) | Active |
| 29AAFCR8177F1ZW | Karnataka | AAFCR8177F (confirmed: Falconebiz identity page; consistent with prefix of all GSTINs found) | Active |
| 37AAFCR8177F1ZZ | Andhra Pradesh | AAFCR8177F (confirmed: Falconebiz identity page; consistent with prefix of all GSTINs found) | Active |
| 21AAFCR8177F1ZC | Odisha | AAFCR8177F (confirmed: Falconebiz identity page; consistent with prefix of all GSTINs found) | - |
Primary/home-state GSTIN (Telangana): 36AAFCR8177F1Z1 — verified live on KnowYourGST, registered 01/07/2017, status Active, but the legal name on this specific GST record still shows as "RURAL YELLOW TIMES PRIVATE LIMITED" (the company's pre-rename identity) — a GST-record lag flagged as a data gap/conflict, not a different entity (same PAN AAFCR8177F, same address state). Additional registrations found and verified individually on KnowYourGST: Karnataka — 29AAFCR8177F1ZW (reg. 09 Aug 2021, Active, Bengaluru sales office); Andhra Pradesh — 37AAFCR8177F1ZZ (reg. 29 Oct 2021, Active). One further registration reported only by a single unverified snippet (Odisha — 21AAFCR8177F1ZC via MastersIndia) could not be independently confirmed (source page returned an error) — listed as partial/unconfirmed. Total confirmed registrations: 3 (Telangana home state + Karnataka + Andhra Pradesh); Odisha unconfirmed.
Financials
Partial / conflicting- Latest audited FY referenced: FY2025 (year ended 31 Mar 2025)
- Figures are inconsistent across sources and NOT fully confirmed: Tofler (bracket data) shows operating revenue in the ₹1–10 crore range, net profit +61.43% YoY, net profit margin 0.34%, net worth +0.6% YoY, borrowings +106.35% YoY, assets +27.69% YoY, debt-to-equity 0.55
- Inc42's company page states FY25 revenue of ₹8.5 Cr (+30.92% YoY) — broadly consistent in order of magnitude with Tofler's range
- HOWEVER, both TheCompanyCheck and Inc42's own FAQ section separately display a conflicting FY25 revenue figure of ~₹1,720.9 Cr — over 200x the other figures
- given it appears as an outlier on two otherwise-reasonable profiles and is wildly inconsistent with the company's small paid-up capital (₹3.06 Cr) and reported headcount, this is flagged as a likely data/unit error and is NOT used as the reported figure
- Exact PAT/EBITDA/net worth absolute values: not obtained (only % changes disclosed
- full figures are paywalled on Tofler Pro)
- Charges: TheCompanyCheck reports open charges of ₹2.16 Cr and satisfied charges of ₹10.16 Cr (single source, unconfirmed)
- Standalone vs consolidated basis: not stated by any source — assumed standalone (small private company, 3 reported subsidiaries — see related_parties)
- Employee count conflicts sharply: Inc42 states 195 employees
- TheCompanyCheck states 18 employees (as of Oct 2025) — unresolved conflict, both reported as-is
Funding
Partial / conflicting- Reported (Inc42, fetched directly from inc42.com/company/hesa/): total funding ~$4.74 million across 3 rounds, Seed stage, last round dated 2 June 2022
- Investors named across sources (not all individually confirmed): NABARD, 100Unicorns, Venture Catalysts, We Founder Circle, Firstport Capital
- Note: a secondary aggregated search snippet surfaced materially different totals attributed to "Inc42" ($35.89M/14 investors) and "Tracxn" ($6.56M/7 rounds/95 investors, latest $979K in May 2023) — these could not be verified against the actual source pages (direct fetch of Inc42's page gave the $4.74M/3-round figure above
- direct fetch of Tracxn's page 404'd) and are treated as unreliable/unconfirmed
- Funding status: partial/conflicting
Charges/Loans
Partial / conflictingSingle-source, unconfirmed: TheCompanyCheck reports open charges of ₹2.16 Cr and satisfied (closed) charges of ₹10.16 Cr. No charge-holder names, dates, or instrument details were available.
Legal/Litigation
Partial / conflicting- One confirmed case on Indian Kanoon: "M/S. Hesa Enterprises Private Limited vs The State Of Telangana" — Telangana High Court, order dated 1 July 2025 (Acting Chief Justice Sujoy Paul presiding)
- no case citations to/from other matters noted, subject matter not detailed in the search snippet
- No other litigation found
Competitors
Partial / conflicting- Not sourced from a single verified profile page (no dedicated "competitors" listing found for this company)
- based on business-model comparison (rural last-mile distribution / phygital commerce / rural fintech-agritech networks in India), plausible named peers at roughly similar or larger scale: StoreKing (rural retail-tech network), Frontier Markets/Saral Jeevan (women-led rural distribution), DeHaat (agritech/rural commerce, much larger/more funded), CSC e-Governance Services (govt-backed, far larger last-mile network), Gramophone (agritech advisory + input distribution), ITC e-Choupal (large incumbent rural sourcing/distribution network)
- Treat this list as directional/unverified, not a sourced fact
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