Fortune MNC 500 India 2026 edition
Rank#391- Total income
- ₹782 Cr
- Profit
- ₹-3 Cr
Last year #374
Highly Electrical Appliances India Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1,081.03 Cr
▲ 34% YoY
Net profit · FY 2024
₹65.62 Cr
Net margin 6.1%
EBITDA · FY 2024
₹140.03 Cr
EBITDA margin 13%
Authorised capital
₹450 Cr
Registered with MCA
Paid-up capital
₹444.81 Cr
Issued & subscribed
Company age
13 yrs
Est. 2013
Employees · EPFO
392
Provident fund records
Directors on board
4
As per MCA filings
About Highly Electrical Appliances India Private Limited
Data last updated:
Highly Electrical Appliances India Private Limited is a foreign private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Shanghai Highly Electrical Appliances Co., Ltd.. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 31 January 2013 and has been in existence for over 13 years.
Highly Electrical Appliances India is ranked #391 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29254GJ2013FTC073479. Its GSTIN is 24AADCH1091E1Z1 (Gujarat).
The company has an authorised share capital of ₹450 Cr and a paid-up capital of ₹444.81 Cr. It is led by directors including Nobuyuki Tao and Nayna Krishnakant Jathar.
Its last annual general meeting (AGM) was held on 30 June 2026, and its latest financial statements are for the year ended 31 December 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,081.03 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹65.62 Cr (net margin 6.1%) and EBITDA of ₹140.03 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 15% over five years.
The company has about 392 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Highly. The company has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹143.6 Cr; the latest was in October 2018. Its 8 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 4 smaller; the largest is Kirloskar Pneumatic Company Limited with revenue of ₹1,650.74 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 4,134 overdue payments to 46 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 highly.co.in.
Company details
CIN U29254GJ2013FTC073479
Registration Number 073479
Incorporation Date 31 January 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 June 2026
Date of Balance Sheet 31 December 2025
Parent Company Shanghai Highly Electrical Appliances Co., Ltd.
Compliance Status Active Compliant
Recognitions & Rankings of Highly Electrical Appliances India
Contact details
Highly Electrical Appliances India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is highly.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.456 457 Village Matoda Besides Intas Pharmaceuticals Sarkhej – Bavla Hig, Hway, Ahmedabad, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Highly Electrical Appliances India Private Limited, buy the company report.
Comprehensive company report
Highly Electrical Appliances India Private 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
Highly Electrical Appliances India operates one associated brand: Highly. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AC compressors and refrigerators are manufactured and supplied by Highly. | highly.co.in |
Financials of Highly Electrical Appliances India Private Limited
FY 2025 filings availableHighly Electrical Appliances India Private Limited reported revenue of ₹1,081.03 Cr (up 34% YoY) for FY 2024.
Revenue · FY 2024
₹1,081.03 Cr ▲ 34%
Net profit · FY 2024
₹65.62 Cr margin 6.1%
EBITDA · FY 2024
₹140.03 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 19%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 117%
3 years · compounded
▲ 42%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 34% growth in the latest year. EBITDA rose 117% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,081.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹140.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65.62 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Highly Electrical Appliances India Private Limited, buy the company report.
Board of directors of Highly Electrical Appliances India Private Limited
Highly Electrical Appliances India has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nobuyuki Tao | Director | 30 Mar 2018 | 8 Years 7 Months | Current |
| Nayna Krishnakant Jathar | Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Changhuai Wang | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
| Li Haibin | Director | 31 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Highly Electrical Appliances India Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kirloskar Pneumatic Company Limited | ₹1,650.74 Cr (FY 2025) | 23.0% | Pune, Maharashtra, India | |||
| Ingersoll-Rand (India) Limited | ₹1,374.58 Cr (FY 2025) | 11.0% | Bengaluru, Karnataka, India | |||
| Copeland India Private Limited | ₹1,370.71 Cr (FY 2025) | 24.0% | Pune, Maharashtra, India | |||
| Sanden Vikas (India) Private Limited | ₹1,269.37 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Highly Electrical Appliances India Private Limitedthis company | ₹1,081.03 Cr (FY 2024) | ₹65.62 Cr | 6.1% | 34.0% | 392 | Ahmedabad, Gujarat, India |
| Burckhardt Compression (India) Private Limited | ₹803.71 Cr (FY 2025) | 60.0% | Pune, Maharashtra, India | |||
| Kaeser Compressors (India) Private Limited | ₹738.12 Cr (FY 2025) | -9.0% | Pune, Maharashtra, India | |||
| Tecumseh Products India Private Limited | ₹682.53 Cr (FY 2025) | 24.0% | Hyderabad, Telangana, India | |||
| Stulz - Chspl (India) Private Limited | ₹551.25 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Highly Electrical Appliances India Private Limited, buy the company report.
Auditor
Highly Electrical Appliances India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012765N/N500016 |
Shareholding
The shareholding of Highly Electrical Appliances India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Highly Electrical Appliances India Private Limited, buy the company report.
Deals & funding
Highly Electrical Appliances India Private Limited has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹143.6 Cr; the latest was in October 2018.
Total deals
6
Rights issues
4
Funding rounds
2
Disclosed funding
₹143.6 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Rights issue | ₹29.52 Cr | Investors: Shanghai Hitachi Electrical Appliances Company Limited |
| Dec 2016 | Rights issue | ₹40.71 Cr | Investors: Shanghai Hitachi Electrical Appliances Company Limited |
| Jun 2014 | Rights issue | ₹189.4 Cr | Investors: Shanghai Hitachi Electrical Appliances Company Limited |
| Dec 2013 | Funding round | ₹59.74 Cr | Investors: Shanghai Hitachi Electrical Appliances Company Limited |
| Sep 2013 | Rights issue | ₹41.52 Cr | Investors: Shanghai Hitachi Electrical Appliances Company Limited |
To see the full deal history of Highly Electrical Appliances India Private 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
No court or tribunal cases involving Highly Electrical Appliances India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Highly Electrical Appliances India Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 4,134 overdue payments to 46 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 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Machhar Polymer Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Penguin Polyfoam (Gujarat) Private Limited |
To see the full MSME payment records of Highly Electrical Appliances India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Highly Electrical Appliances India Private Limited has a workforce of 392 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
392
Active EPFO establishments
1
Employee growth
-4.62%
GST
Highly Electrical Appliances India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH1091E1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Highly Electrical Appliances India Private Limited, buy the company report.
Recent activity
Highly Electrical Appliances India Private Limited has 26 board changes on record since 2013: 4 appointments and 22 cessations. The latest: Nayna Krishnakant Jathar was appointed as Director on 27 Sep 2023.
AGM
Highly Electrical Appliances India Private Limited last Annual general meeting of members was held on 30 Jun 2026 as per latest MCA records.
Filing
Highly Electrical Appliances India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2025 with Roc Ahmedabad.
Appointed
Nayna Krishnakant Jathar was appointed as Director.
Ceased
Jiandong Zheng ceased to be Director.
Ceased
Shinichi Iizuka ceased to be Director.
Ceased
Yuan Yuan ceased to be Director.
Ceased
Guodong Feng ceased to be Director.
Ceased
Li Li ceased to be Additional Director.
Ceased
Wenjun Qin ceased to be Director.
Appointed
Changhuai Wang was appointed as Director.
Ceased
Weidong Yin ceased to be Director.
Ceased
Thomas Parrish ceased to be Additional Director.
17 earlier events are in the company report.
Frequently asked questions
Highly Electrical Appliances India is an active foreign private limited company based in Ahmedabad, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 31 January 2013 (13+ years old) and is registered under CIN U29254GJ2013FTC073479.
Highly Electrical Appliances India has 4 current directors:
- Nobuyuki Tao - Director
- Nayna Krishnakant Jathar - Director
- Changhuai Wang - Director
- Li Haibin - Director
The latest financial statements of Highly Electrical Appliances India on record with the MCA are for the year ended 31 December 2025. Its last annual general meeting was held on 30 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Highly Electrical Appliances India is 24AADCH1091E1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Highly Electrical Appliances India is U29254GJ2013FTC073479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Highly Electrical Appliances India was incorporated on 31 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Highly Electrical Appliances India has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹143.6 Cr; the latest was in October 2018.
The peers of Highly Electrical Appliances India by revenue are Kirloskar Pneumatic Company Limited, Ingersoll-Rand (India) Limited, Copeland India Private Limited, Sanden Vikas (India) Private Limited, Burckhardt Compression (India) Private Limited and 3 more, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Nayna Krishnakant Jathar was appointed as Director on 27 Sep 2023. Jiandong Zheng ceased to be Director on 02 Jun 2022. Shinichi Iizuka ceased to be Director on 02 Jun 2022. Highly Electrical Appliances India has 26 board changes on record in total.
Highly Electrical Appliances India has 13 MSME Form 1 returns on record between 2019 and 2024, listing 4,134 overdue payments to 46 micro and small suppliers. The latest return was filed on 17 Apr 2024.
Highly Electrical Appliances India can be reached through the website highly.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Highly Electrical Appliances India is at Survey No.456 457 Village Matoda Besides Intas Pharmaceuticals Sarkhej – Bavla Hig, Hway, Ahmedabad, Gujarat, India – 382213.
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