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").
Last updated 6 August 2026
Hesa Enterprises Private Limited operates as a rural "phygital" commerce and fintech distribution platform under the "Hesa" brand, connecting brands, banks, and NGOs to rural India via village-level entrepreneurs. As of FY2025, the company reported revenue of approximately ₹8.5 Cr with a 30.92% year-over-year increase and has secured around $4.74 million in funding across three seed-stage rounds.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
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Company Identity
| Registered name | Hesa Enterprises Private Limited |
|---|---|
| CIN | U74110TG2012PTC080319 |
| PAN | AAFCR8177F |
| Status | Active |
| Listing | No — unlisted private limited company |
| Incorporated | 16 April 2012 |
| ROC | RoC-Hyderabad |
| Sector (NIC) |
|
| Registered address |
|
| Authorized capital |
|
| Paid-up capital | ₹3,06,44,300 (~₹3.06 Cr) — confirmed by 2 sources |
Business Overview
- 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
- 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
- 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
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Vamsi Krishna Udayagiri | 05159635 | - | 16 Apr 2012 |
| Hema Sowjanya Nandiraju | 05210010 | - | 15 Jun 2020 |
| Manish Modi | 00030036 | - | - |
GST Registrations
| 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
- 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
- Charges: TheCompanyCheck reports open charges of ₹2.16 Cr and satisfied charges of ₹10.16 Cr. 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
Funding
- Reported: 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 and are treated as unreliable/unconfirmed
- Funding status: partial/conflicting
Charges/Loans
Single-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
- 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
Frequently Asked Questions
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