About Hitachi Energy Technology Services Private Limited
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Hitachi Energy Technology Services Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Hitachi Energy Ltd (Formerly Known As Hitachi Abb Power Grids Ltd). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2019PTC124210. Its GSTIN is 29AASCA2682D1ZE (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.8 Cr. It was formerly known as Abb Power Technology Services Private Limited. It is led by directors including Shankar Muthukumaraswamy (Whole-Time Director) and Venu Nuguri.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,878.6 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹164.18 Cr (net margin 8.7%) and EBITDA of ₹331.55 Cr (EBITDA margin 17.6%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company has about 3,629 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 secondary share transfer); the latest was in February 2021.
For more details, the company can be reached via its website hitachienergy.com.
Company details
Contact details
Hitachi Energy Technology Services Private Limited's registered office is in Bengaluru, Karnataka. Its website is hitachienergy.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address7th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Hitachi Energy Technology Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Hitachi Energy Technology Services is information and communication. In detail, this covers computer programming, consultancy and related activities and information service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | |
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Hitachi Energy Technology Services Private Limited, buy the company report.
Financials of Hitachi Energy Technology Services Private Limited
FY 2025 filings availableHitachi Energy Technology Services Private Limited reported revenue of ₹1,878.6 Cr (up 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 42% growth in the latest year. EBITDA rose 50% 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
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| EBITDA | ₹331.55 Cr | ||||
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| Net Profit (PAT) | ₹164.18 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.6% | ||||
| Net Profit Margin | 8.7% | ||||
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To see the full financial statements and ratios of Hitachi Energy Technology Services Private Limited, buy the company report.
Board of directors of Hitachi Energy Technology Services Private Limited
Hitachi Energy Technology Services has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Muthukumaraswamy | Whole-Time Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Venu Nuguri | Director | 03 Apr 2020 | 6 Years 7 Months | Current |
| Ajay Singh Also directs: Hitachi Energy India Limited | Director | 12 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Hitachi Energy Technology Services Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Hitachi Energy Technology Services Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hitachi Energy Technology Services Private Limited, buy the company report.
Deals & funding
Hitachi Energy Technology Services Private Limited has 1 deal on record (1 secondary share transfer); the latest was in February 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Hitachi Energy Limited Seller: ABB ASEA Brown Boveri Limited |
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 Hitachi Energy Technology Services 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
No delayed payments to MSME suppliers are on our record for Hitachi Energy Technology Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hitachi Energy Technology Services Private Limited has a workforce of 3,629 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Hitachi Energy Technology Services has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA2682D1ZE | Karnataka | Active | 01 Apr 2020 |
| 24AASCA2682D1ZO | Gujarat | Active | 01 Apr 2020 |
| 33AASCA2682D1ZP | Tamil Nadu | Active | 01 Apr 2020 |
To see the full GST registrations and return filing status of Hitachi Energy Technology Services Private Limited, buy the company report.
Recent activity
Hitachi Energy Technology Services Private Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Ajay Singh ceased to be Additional Director on 05 Sep 2023.
1 earlier event is in the company report.
News
Frequently asked questions
Hitachi Energy Technology Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 09 May 2019 (7+ years old) and is registered under CIN U72501KA2019PTC124210.
Hitachi Energy Technology Services has 3 current directors:
- Shankar Muthukumaraswamy - Whole-Time Director
- Venu Nuguri - Director
- Ajay Singh - Director
The latest financial statements of Hitachi Energy Technology Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Hitachi Energy Technology Services is 29AASCA2682D1ZE, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AASCA2682D1ZO (Gujarat), 33AASCA2682D1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Hitachi Energy Technology Services is U72501KA2019PTC124210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitachi Energy Technology Services was incorporated on 09 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Hitachi Energy Technology Services has 1 deal on record (1 secondary share transfer); the latest was in February 2021.
Ajay Singh ceased to be Additional Director on 05 Sep 2023. Shankar Muthukumaraswamy was appointed as Whole-Time Director on 26 Jul 2023. Shankar Muthukumaraswamy ceased to be Additional Director on 26 Jul 2023. Hitachi Energy Technology Services has 10 board changes on record in total.
Hitachi Energy Technology Services can be reached through the website hitachienergy.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Hitachi Energy Technology Services is at 7th Floor Brigade Opus 70401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092.
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