About Hi-Rel Electronics
Hi-Rel Electronics is a Technology company based in Ahmedabad (India) founded in 1983, and was acquired by Helix Investments in September 2010. Electronic components including UPS and solar inverters are manufactured. It operates in the Technology and Consumer sectors. Its Indian entity Hitachi Hi-Rel Power Electronics Private Limited reported revenue of ₹763 Cr. Its focus areas include Consumer Goods, Diversified Consumer Electronics Brands, Semiconductors and Electronic Components.
Company details
Hi-Rel Electronics was founded in 1983 and is based in Ahmedabad, India. Operations focus on the manufacturing of electronic components within the electronics sector. Products such as uninterruptible power supplies (UPS), drives, solar inverters, and air compressors are produced. The company maintains a domain at hirel.net for its online presence. Activities are centered on component production for various applications.
- Headquarters Ahmedabad, India
- Stage Acquired
- SectorsTechnologyConsumer
- Website hirel.net
- Social LinkedIn
- Acquired by Helix Investments (Sep 2010)
- Legal Name Hitachi Hi-Rel Power Electronics Private Limited
- Date of Incorporation 16 Jan, 1990
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹763 Cr
FY 2026 · +7% YoY
- Net Profit₹64.16 Cr
FY 2026 · 8% margin
- EBITDA₹98.00 Cr
FY 2026 · 13% margin
- Investors
- Acquired byHelix Investments
(Sep 2010)
Associated legal entities of Hi-Rel Electronics
Hi-Rel Electronics operates through Hitachi Hi-Rel Power Electronics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hitachi Hi-Rel Power Electronics Private Limited CIN U72200GJ1990PTC013246 | Active | 16 Jan 1990 | Ahmedabad, Gujarat | ₹763 Cr | 917 | 8 | View details |
Investors in Hi-Rel Electronics
Hi-Rel Electronics has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Helix Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on acquisitions | 2007 | helix-investments.com | Port Louis, Mauritius |
Investor details for Hi-Rel Electronics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hitachi Hi-Rel Power Electronics Private Limited (Hi-Rel Electronics)
Hitachi Hi-Rel Power Electronics Private Limited is the primary company behind Hi-Rel Electronics. The board of Hitachi Hi-Rel Power Electronics Private Limited currently have 8 directors; the longest-serving is Darshan Shah Arvindbhai, appointed in 1996. 41 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Darshan Shah Arvindbhai DIN 00165566 | Managing Director | 12 Feb 1996 | 30 yrs 8 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Kazuhiro Imaie DIN 07464863 | Director | 01 Apr 2016 | 10 yrs 7 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Hiroaki Miyata DIN 09563343 | Director | 06 Jun 2022 | 4 yrs 5 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Toshio Kurihara DIN 10168706 | Director | 05 Jun 2023 | 3 yrs 5 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Katsumi Kikkawa DIN 10607127 | Director | 05 Jun 2024 | 2 yrs 5 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Yoshitaka Yoshinari DIN 11113249 | Director | 06 Jun 2025 | 1 yr 5 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Yuichiro Amano DIN 11121206 | Director | 06 Jun 2025 | 1 yr 5 mo | Hitachi Hi-Rel Power Electronics Private Limited |
| Hisaaki Iuchi DIN 11845604 | Additional Director | 07 Sep 2026 | 2 mo | Hitachi Hi-Rel Power Electronics Private Limited |
Financials of Hi-Rel Electronics
Figures of Hitachi Hi-Rel Power Electronics Private Limited, the primary company behind Hi-Rel Electronics, for FY 2026. Revenue was ₹763 Cr (+7% year on year). Net profit was ₹64.16 Cr (8% margin). EBITDA was ₹98.00 Cr (13% margin). Revenue has grown at a compounded annual rate of +18% over three years and +17% over five years.
- ₹763 CrRevenue · FY 2026 · +7% YoY
- ₹64.16 CrNet profit · 8% margin
- ₹98.00 CrEBITDA · 13% margin
- ₹7.15 CrPaid-up capital
- 917Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hitachi Hi-Rel Power Electronics Private Limited are on its company page.
Detailed financial statements for Hi-Rel Electronics
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Hi-Rel Electronics
2 dated milestones of Hi-Rel Electronics across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Hi-Rel Electronics is founded.
- Exit Acquired by Helix Investments.
Top companies in Electronic Manufacturing & Components
3 companies that operate in the same segment as Hi-Rel Electronics (Electronic Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of ODM plus solutions for diverse industries | 1990 | Kochi, Kerala, India | USD 119.5 M | USD 253.11 M | 2,400 | |
Integrated electronics manufacturing and IoT solutions are delivered across industries. | 2008 | Mysuru, Karnataka, India | USD 22.44 M | USD 386.47 M | 587 | |
Electronics manufacturing services are provided for consumer and home products. | 1993 | Noida, Uttar Pradesh, India | USD 9.32 M | USD 5.17 B | 4,447 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Hi-Rel Electronics
Complete news archive for Hi-Rel Electronics
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hi-Rel Electronics
Hi-Rel Electronics was founded in 1983.
Hi-Rel Electronics is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Hi-Rel Electronics, Hitachi Hi-Rel Power Electronics Private Limited, reported revenue of ₹763 Cr for FY 2026, up 7% year on year.
Hi-Rel Electronics was founded in 1983 and is based in Ahmedabad, India. Operations focus on the manufacturing of electronic components within the electronics sector. Products such as uninterruptible power supplies (UPS), drives, solar inverters, and air compressors are produced. The company maintains a domain at hirel.net for its online presence. Activities are centered on component production for various applications.
Hi-Rel Electronics has 1 investor. Key investors include Helix Investments.
Hi-Rel Electronics operates through Hitachi Hi-Rel Power Electronics Private Limited.
Yes. Hi-Rel Electronics was acquired by Helix Investments in September 2010.
The legal entities of Hi-Rel Electronics currently have 8 directors, including Hiroaki Miyata, Kazuhiro Imaie, Darshan Shah Arvindbhai and others.