About Hiker
Hiker is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2000 by Mohan Rajshekar and Mahendra Jolapara, and was acquired by Varroc in March 2018. Multiple automotive aftermarket accessories are manufactured by Hiker in India. Its Indian entity Team Concepts Private Limited reported revenue of ₹17.86 Cr. Its focus areas include Auto, Auto Components and Aftermarket Accessories. Its competitors include Akar Tools, Speed-A-Way and Kwik Patch.
Company details
Hiker was established in 2000 in Bengaluru, India, by founders Mohan Rajshekar and Mahendra Jolapara. Operations focus on the production of various automotive aftermarket accessories, including components for vehicle enhancement and maintenance. The company operates within the automotive sector, targeting aftermarket needs across domestic and potential international markets. Manufacturing processes are based in India, with emphasis on accessory diversification for automotive applications.
- Headquarters Bengaluru, India
- Founders Mohan Rajshekar, Mahendra Jolapara
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website hikerindia.com
- Acquired by Varroc (Mar 2018)
- Legal Name Team Concepts Private Limited
- Date of Incorporation 23 Feb, 2000
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Hiker
Hiker operates through Team Concepts Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Team Concepts Private Limited CIN U32201KA2000PTC026437 | Amalgamated | 23 Feb 2000 | Bangalore, Karnataka | ₹17.9 Cr | 2 | View details |
Investors in Hiker
Hiker has secured backing from 1 investor. Prominent investors backing the company include Varroc.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Automotive components including lighting and powertrain parts are manufactured. | 1988 | varroc.com | Aurangabad, India |
Investor details for Hiker
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Board of directors of Team Concepts Private Limited (Hiker)
Team Concepts Private Limited is the primary company behind Hiker. The board of Team Concepts Private Limited currently have 2 directors; the longest-serving is Tharuvai Ramasubramanian Srinivasan, appointed in 2017. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tharuvai Ramasubramanian Srinivasan DIN 08004648 | Director | 29 Nov 2017 | 8 yrs 10 mo | Team Concepts Private Limited |
| Dharapuram Srinivasan Sethumadhavan DIN 07157174 | Director | 29 Apr 2020 | 6 yrs 5 mo | Team Concepts Private Limited |
People of Hiker
2 people are tracked at Hiker (2 in leadership).
| Name | Role | Group |
|---|---|---|
Mohan Rajshekar | Founder | Leadership |
| Founder | Leadership |
Complete people profiles for Hiker
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Financials of Hiker
Figures of Team Concepts Private Limited, the primary company behind Hiker, for FY 2021. Revenue was ₹17.86 Cr (-31% year on year). Net profit was ₹3.10 Cr (17% margin). EBITDA was ₹5.13 Cr (29% margin). Revenue has grown at a compounded annual rate of -20% over three years and -6% over five years.
- ₹17.86 CrRevenue · FY 2021 · -31% YoY
- ₹3.10 CrNet profit · 17% margin
- ₹5.13 CrEBITDA · 29% margin
- ₹30.6 LakhPaid-up capital
- -20%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Team Concepts Private Limited are on its company page.
Detailed financial statements for Hiker
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Timeline of Hiker
2 dated milestones of Hiker across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Hiker is founded.
- Exit Acquired by Varroc.
Competitors of Hiker
Hiker has 3 listed competitors in our database. They include Akar Tools, Speed-A-Way and Kwik Patch.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| akartoolsltd.com | 1989 | Mumbai, India | 83 | Manufactures hand tools | ||
| speedawayprivatelimited.com | 1938 | Chennai, India | 348 | Produces high-quality aftermarket automotive lubricants, bearings, and accessories. | ||
| kwikpatch.com | 1987 | Chennai, India | 563 | Produces tire repair kits, industrial gloves, and heavy textiles for various industries. |
Detailed competitors of Hiker
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Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Hiker (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Hiker
Complete news archive for Hiker
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Frequently Asked Questions about Hiker
Hiker was founded in 2000.
Hiker is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Hiker, Team Concepts Private Limited, reported revenue of ₹17.86 Cr for FY 2021, down 31% year on year.
Hiker was established in 2000 in Bengaluru, India, by founders Mohan Rajshekar and Mahendra Jolapara. Operations focus on the production of various automotive aftermarket accessories, including components for vehicle enhancement and maintenance. The company operates within the automotive sector, targeting aftermarket needs across domestic and potential international markets. Manufacturing processes are based in India, with emphasis on accessory diversification for automotive applications.
Hiker's top competitors include Speed-A-Way, Akar Tools and Kwik Patch.
Hiker has 1 investor. Key investors include Varroc.
Hiker operates through Team Concepts Private Limited.
Yes. Hiker was acquired by Varroc in March 2018.
The legal entities of Hiker currently have 2 directors, including Dharapuram Srinivasan Sethumadhavan, Tharuvai Ramasubramanian Srinivasan.