About Hicotronics
Hicotronics is a company based in India founded in 2007 by Suresh Kumar Chopra. Hicotronics has raised $176.84 thousand across 1 funding round from investors including Beefin Commodities, Munot Fincon and Sri Salasar Suppliers. The company has 100 employees as of March 21, 2024. Hicotronics offers products and services including Electronic Components and Supply Chain Services.
- Headquarter India
- Employees 100 as on 21 Mar, 2024
- Founders Suresh Kumar Chopra
- Stage Minicorn
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Sectors
Technology
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Phone
Locked
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Website
Locked
- Legal Name Hicotronics Devices Pvt Ltd
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$27.93 M (USD)17.66as on Mar 31, 2023
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Net Profit
$2.64 M (USD)132.92as on Mar 31, 2023
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EBITDA
$3.72 M (USD)96.65as on Mar 31, 2023
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Total Equity Funding
$176.84 K (USD)
in 1 rounds
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Latest Funding Round
$176.84 K (USD), Seed
Jun 02, 2008
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Investors
Beefin Commodities
& 2 more
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Employee Count
100
as on Mar 21, 2024
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Products & Services of Hicotronics
Hicotronics offers a comprehensive portfolio of products and services, including Electronic Components and Supply Chain Services.
Various electronic components such as audio products and batteries are distributed by Hicotronics for industrial applications
Procurement and logistics services for electronic parts are offered by Hicotronics to manage distribution efficiently
Funding Insights of Hicotronics
Hicotronics has successfully raised a total of $176.84K through 1 strategic funding round. The most recent funding activity was a Seed round of $176.84 thousand completed in June 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Hicotronics
Hicotronics has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Beefin Commodities, Munot Fincon and Sri Salasar Suppliers.
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Investor details for Hicotronics
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Investments & Acquisitions by Hicotronics
Investment portfolio details for Hicotronics
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Financial Statements - Hicotronics
Detailed financials for Hicotronics
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Hicotronics Comparisons
Peer comparison for Hicotronics
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Competitors of Hicotronics
Detailed competitors of Hicotronics
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Latest news on Hicotronics
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Frequently Asked Questions about Hicotronics
Hicotronics was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Hicotronics is headquartered in India.
Jeetendra Chopra is the current CEO of Hicotronics.
Hicotronics is a funded company, having raised a total of $176.84K across 1 funding round to date.
As of Mar 21, 2024, the latest employee count at Hicotronics is 100.
Annual revenue of Hicotronics is $27.93M as on Mar 31, 2023.
Hicotronics was founded in 2007 in India as a distributor of industrial electronic components. Procurement and supply chain management services are provided, including global sourcing of devices such as integrated circuits, connectors, passive components, and electromechanical products. Kitting, warehousing, and logistics solutions are offered to facilitate timely delivery of genuine components. Operations focus on collaboration with suppliers and customers across various sectors.
Hicotronics offers Electronic Components and Supply Chain Services.
Hicotronics has 3 investors. Key investors include Beefin Commodities, Munot Fincon, and Sri Salasar Suppliers.
The valuation of Hicotronics is $2.77M as of Jun 2008.