About Hiten Elevators Private Limited
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Hiten Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 20 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29150KA2016PTC085380. Its GSTIN is 29AADCH8106Q1Z0 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Dilip Kumar Shanmugham and Saran Raj Shanmugam.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.39 Ground Floor 2nd Cross Cpv Block Ganganagar R T Nagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2020, the company reported a revenue of ₹11.37 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹28,094 (net margin -2.5%) and EBITDA of -₹37,616 (EBITDA margin -3.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company is associated with 1 brand: Hiten Elevators.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitenelevators.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.39 Ground Floor 2nd Cross Cpv Block Ganganagar R T Nagar, Bangalore, Karnataka, India – 560032
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Hiten Elevators Private Limited
The main business activity of Hiten Elevators is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hiten Elevators Private Limited FY 2020 filings available
Hiten Elevators Private Limited reported revenue of ₹11.37 Lakh (up 546% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Hiten Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 546% growth 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 of Hiten Elevators Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹11.37 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹37,616 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹28,094 | •••• | •••• | •••• | •••• |
| 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 of Hiten Elevators Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hiten Elevators are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hiten Elevators Private Limited
Hiten Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hiten Elevators Private Limited this company | ₹11.37 Lakh (FY 2020) | •••• | •••• | 546.0% | •••• | Bangalore, Karnataka, India |
| Shank Investments Private Limited | ₹1.77 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Bengaluru, Karnataka, India |
| Narottamka Commercial Company Pvt Ltd | ₹1.77 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | West Bengal, India |
| Smug Investments Private Limited | ₹1.77 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Ellar Commercial Pvt.Ltd. | ₹1.77 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Ranchi, Jharkhand, India |
| Brijdham Vyapaar Pvt Ltd | ₹1.77 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| Sahayata Microfinance Private Limited | ₹1.76 Lakh (FY 2016) | •••• | •••• | -90.0% | •••• | Udaipur, Rajasthan, India |
| Indma Transworld Limited | ₹1.76 Lakh (FY 2024) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Maskin Web Solutions India Private Limited | ₹1.76 Lakh (FY 2023) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Newway Financial Services Private Limited | ₹1.76 Lakh (FY 2024) | •••• | •••• | 57.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Bhagyalakshmi Wealth Solutions Limited | ₹1.76 Lakh (FY 2024) | •••• | •••• | -26.0% | •••• | Mangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Hiten Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment, Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hiten Elevators Private Limited
Hiten Elevators Private Limited is audited by MUCHCHANDI & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUCHCHANDI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hiten Elevators Private Limited
Hiten Elevators has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Kumar Shanmugham | Director | 20 Jan 2016 | 10 Years 8 Months | Current |
| Saran Raj Shanmugam | Director | 20 Jan 2016 | 10 Years 8 Months | Current |
| Deepika Vibhushana | Director | 20 Jan 2016 | 10 Years 8 Months | Current |
Ownership and Shareholding of Hiten Elevators Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hiten Elevators Private Limited
Hiten Elevators Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Hiten Elevators Private Limited
Hiten Elevators operates one associated brand: Hiten Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator manufacturing, installation, and maintenance services in Bangalore. | hitenelevators.com |
Employees and EPFO Compliance at Hiten Elevators Private Limited
Employment history and EPFO contributions of people linked to Hiten Elevators.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hiten Elevators Private Limited
Hiten Elevators Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Deepika Vibhushana was appointed as Director on 20 Jan 2016.
Credit Ratings, Litigation & Regulatory Alerts for Hiten Elevators Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hiten Elevators Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hiten Elevators Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hiten Elevators Private Limited
Hiten Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH8106Q1Z0 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hiten Elevators Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hiten Elevators Private Limited
Hiten Elevators is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 20 January 2016 (10+ years old) and is registered under CIN U29150KA2016PTC085380.
Hiten Elevators reported revenue of ₹11.37 Lakh for FY 2020 (up 546% YoY).
Hiten Elevators has 3 current directors:
- Dilip Kumar Shanmugham - Director
- Saran Raj Shanmugam - Director
- Deepika Vibhushana - Director
Hiten Elevators reported a net loss of ₹28,094 (net margin -2.5%) and EBITDA of -₹37,616 (EBITDA margin -3.3%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hiten Elevators is 35% over three years. In the latest year (FY 2020) revenue rose 546%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hiten Elevators is 29AADCH8106Q1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Hiten Elevators is U29150KA2016PTC085380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiten Elevators was incorporated on 20 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hiten Elevators by revenue are Shank Investments Private Limited, Narottamka Commercial Company Pvt Ltd, Smug Investments Private Limited, Ellar Commercial Pvt.Ltd, Brijdham Vyapaar Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment, Other Financial Services).
Deepika Vibhushana was appointed as Director on 20 Jan 2016. Dilip Kumar Shanmugham was appointed as Director on 20 Jan 2016. Saran Raj Shanmugam was appointed as Director on 20 Jan 2016.
Hiten Elevators can be reached through the website hitenelevators.com. Its registered office is in Bangalore, Karnataka, India.