Handicrafts and Handlooms Export Corporation of India Company Profile and Details

The Handicrafts and Handlooms Export Corporation of India (HHEC) is a government-owned company that was established to promote and export Indian handicrafts and handlooms.

HHEC was set up in 1973 under the administrative control of the Ministry of Textiles, Government of India.

The company's main objective is to develop and export Indian handicrafts and handlooms, with a focus on promoting rural artisans and small-scale industries.

HHEC has its headquarters in New Delhi and is a major player in the Indian handicrafts and handlooms industry, with a wide range of products including textiles, pottery, woodwork, and metalwork.

The Handicrafts and Handlooms Export Corporation of India has an authorised capital of ₹20.00 Cr as of 26-12-2024.

The company's paid up capital is ₹13.82 Cr as of 26-12-2024.

The Handicrafts and Handlooms Export Corporation of India is 67 years and 15 days old.

The company's last filing with the Registrar of Companies (ROC) was on 31 Mar 2021.

Here are some key financial indicators for the Handicrafts and Handlooms Export Corporation of India:

The Handicrafts And Handlooms Exports Corporation Of India Limited offered a wide range of products and services, including Cotton Textile, Cotton Fabric, Natural Fabric, Poplin Fabric, Cotton Voile Fabric, Fabric, Apparel & Clothing Fabric, Printed Fabrics, Patchwork Fabrics, and Printed Cotton Fabric.

The corporation's product portfolio was incredibly diverse, with an extensive array of products showcasing India's artisanal traditions.

HHEC's product range was not limited to just a few items, but rather an extensive array of products that helped to sustain various crafts and promote India's cultural heritage.

The Handicrafts And Handlooms Exports Corporation Of India Limited offers a wide range of products and services.

Their product portfolio includes Cotton Textile, Cotton Fabric, Natural Fabric, Poplin Fabric, Cotton Voile Fabric, Fabric, Apparel & Clothing Fabric, Printed Fabrics, Patchwork Fabrics, and Printed Cotton Fabric.

They also provide a global platform for traditional artisans to sustain various crafts that might have otherwise faced decline.

The corporation's financials, compliance details, shareholding patterns, and litigation history are available for comprehensive data.

HHEC's commercial endeavors have helped sustain various crafts that might have otherwise faced decline.

Their product range showcases India's diverse artisanal traditions, including Cotton Textile, Cotton Fabric, and Natural Fabric.

The corporation's collaborations with designers and participation in international exhibitions have further enhanced the visibility of Indian handicrafts and handlooms.

Indian leather artisans are incredibly skilled, and their products showcase their versatility.

From bags to wallets, Indian leather products are a testament to the country's rich craftsmanship.

You can find a range of leather items, including decorative pieces, that are both functional and beautiful.

Indian leather artisans have mastered the art of creating durable and long-lasting products that are perfect for everyday use.

Their attention to detail and commitment to quality are evident in every stitch and seam.

The Government Support for Handicrafts and Handlooms Export Corporation of India is a vital aspect of its success. The corporation receives financial assistance from the Government of India to promote and develop the handicrafts and handlooms industry.

The Government of India provides a grant-in-aid to the corporation for its activities, which includes promotion, development, and marketing of handicrafts and handlooms. This financial support helps the corporation to achieve its objectives and expand its operations.

The corporation also receives assistance from the Ministry of Textiles, Government of India, for the development of the handloom sector. The ministry provides technical and financial assistance to the corporation for the implementation of various schemes and projects.

The Handicrafts and Handlooms Export Corporation of India has a strong network of offices and warehouses across the country, with a total floor area of 1,50,000 square feet. This extensive network enables the corporation to store and distribute handicrafts and handlooms products efficiently.

The corporation has a team of skilled and experienced staff who are responsible for the day-to-day operations, including procurement, storage, and distribution of handicrafts and handlooms products.

The Handicrafts and Handlooms Export Corporation of India experienced a significant reduction in revenue, with a 66.27% decrease in FY 2021.

This decline in revenue is reflected in the company's Total Revenue, which saw a substantial drop. The company's Revenue from Operations also took a hit, decreasing by 84.46% in the same year.

The company's financial performance is not all bad news, however. Despite the revenue decline, the company saw a slight improvement in profitability, with a 0.62% increase in profit.

Here's a summary of the company's key financial metrics:

The company's total assets also saw a slight decrease, down 2.35% in FY 2023.

The employee count at Handicrafts and Handlooms Exports Corporation of India Ltd is substantial, with a total of 1001 to 2500 employees on board.

This significant workforce is likely a key factor in the company's ability to generate a substantial income of 5001 and above in a year.

Handicrafts and Handlooms Exports Corporation of India Ltd offers a diverse range of products and services, including Handicrafts, Textiles, Floor Coverings, and Leather Products.

Take a look at this: List of Exports of Canada

The financial performance of The Handicrafts And Handlooms Exports Corporation Of India is a mixed bag. The company experienced a significant reduction in revenue, with a 66.27% decrease in total revenue.

This decline in revenue was even more pronounced in revenue from operations, which decreased by a staggering 84.46%. The company's total assets also saw a decline of 2.35%.

However, there was some good news - the company saw a slight improvement in profitability, with a 0.62% increase in profit. On the other hand, the company's net worth dipped by a decrease of 4.68%.

Here's a breakdown of the company's financial performance over the years:

The company's largest creditors are Others and State Bank Of India, with outstanding amounts of 23.40 Cr and 1.86 Cr respectively.

The closure of HHEC marked the end of an era for an organization that had been instrumental in promoting India's artisanal heritage on the global stage.

This decision was made by the Government of India on March 16, 2021, as part of a broader strategy to rationalize public sector enterprises and improve efficiency.

Handicrafts and Handlooms Exports Corporation of India Ltd has a large workforce of 1001-2500 employees, making it a significant player in the industry. You can reach out to them through official emails, which can be generated using the Connect+ Email Marketing Tool.

To get in touch with the company's key employees, you can send emails to the CEO, Sales Head, Marketing Head, and other senior staff members. Having access to their official emails boosts lead generation and builds trust with your prospects.

Here are some key players in the Import and Export Industry similar to Handicrafts and Handlooms Exports Corporation of India Ltd:

In the Import and Export Industry, there are several key players that are worth noting. Radnik Export Pvt Ltd is a company based in Delhi, India, with a workforce of 101-250 employees.

State Trading Corporation Of India Ltd-STC is another significant player in this industry, with its headquarters also in Delhi, India, and a massive workforce of over 5001 employees.

The Indian state of Karnataka is home to MS International Inc. India Pvt Ltd, which operates in the Import and Export Industry with a workforce of 101-250 employees.

Swift Handicraft and Mailboxes etc. are two more companies in this industry, both based in Delhi, India, and having a workforce of 251-500 employees.

Here's a list of key players in the Import and Export Industry:

Having access to a company's official contacts can significantly boost lead generation.

You can use the Connect+ Email Marketing Tool to send emails to the CEO, Sales Head, Marketing Head, and other key employees of Handicrafts and Handlooms Exports Corporation of India Ltd.

There are various official emails you can use, such as name@undefined, which build trust and credibility with prospects.

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