About Hitech Formulations
Hitech Formulations is an Industrial Goods & Manufacturing company based in Chandigarh (India) founded in 2005. It operates as a skin care products are distributed via an internet-first brand. The company has 66 employees. Its Indian entity Hi-Tech Formulations Private Limited reported revenue of ₹106 Cr. Hitech Formulations offers products and services including Sunscreens, Serums, Hair and Scalp Care, Moisturizers, and Pediatric Dermatology. Its focus areas include Retail, Contract Manufacturers, FMCG and Cosmetics. Its competitors include Primacy Industries, Ador Multiproducts, Influx Healthtech, Stella Indusstries and Vedic Cosmeceuticals and 3 more; 2 of its 8 listed competitors have raised funding.
Company details
Hitech Formulations was established in 2005 in Chandigarh, India. The company operates within the skin care sector, focusing on formulations for various products. Distribution is primarily conducted through online platforms as an internet-first brand. Operations encompass product development and e-commerce sales, serving customers in the beauty and personal care industry across relevant geographies.
- Headquarters Chandigarh, India
- Employees 66
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website hitechformulations.com
- Social LinkedIn
- Legal Name Hi-Tech Formulations Private Limited
- Date of Incorporation 17 Sep, 2002
- Jurisdiction Chandigarh, India
- Annual Revenue₹106 Cr
FY 2025 · -16% YoY
- Net Profit₹5.79 Cr
FY 2025 · 5% margin
- EBITDA₹10.45 Cr
FY 2025 · 10% margin
- Employee Count66
Associated legal entities of Hitech Formulations
Hitech Formulations operates through Hi-Tech Formulations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hi-Tech Formulations Private Limited CIN U24232CH2002PTC025430 | Active | 17 Sep 2002 | Chandigarh, Chandigarh | ₹106 Cr | 66 | 2 | View details |
Products & Services of Hitech Formulations
Hitech Formulations offers a comprehensive portfolio of products and services, including Sunscreens, Serums, Hair and Scalp Care, Moisturizers, and Pediatric Dermatology.
Formulations for sun protection and skin safety
Targeted treatments for efficacy-driven skin care
Products for scalp health and hair maintenance
Hydrating formulations to minimize skin degradation
Safe products for children's skin care needs
Board of directors of Hi-Tech Formulations Private Limited (Hitech Formulations)
Hi-Tech Formulations Private Limited is the primary company behind Hitech Formulations. The board of Hi-Tech Formulations Private Limited currently have 2 directors; the longest-serving is Dharmender Singh Gulati, appointed in 2002. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dharmender Singh Gulati DIN 02595839 | Director | 17 Sep 2002 | 24 yrs 1 mo | Hi-Tech Formulations Private Limited |
| Jaspreet Singh Gulati DIN 02687360 | Director | 21 Dec 2014 | 11 yrs 9 mo | Hi-Tech Formulations Private Limited |
Financials of Hitech Formulations
Figures of Hi-Tech Formulations Private Limited, the primary company behind Hitech Formulations, for FY 2025. Revenue was ₹106 Cr (-16% year on year). Net profit was ₹5.79 Cr (5% margin). EBITDA was ₹10.45 Cr (10% margin). Revenue has grown at a compounded annual rate of +5% over three years and +27% over five years.
- ₹106 CrRevenue · FY 2025 · -16% YoY
- ₹5.79 CrNet profit · 5% margin
- ₹10.45 CrEBITDA · 10% margin
- ₹1.07 CrPaid-up capital
- 66Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hi-Tech Formulations Private Limited are on its company page.
Detailed financial statements for Hitech Formulations
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Hitech Formulations
Hitech Formulations has 8 listed competitors in our database, 2 of them funded. They include Primacy Industries, Ador Multiproducts, Influx Healthtech, Stella Indusstries and Vedic Cosmeceuticals, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| primacyind.com | 2005 | Mangaluru, India | $41.05M | 618 | Scented candles, air, personal care, and hygiene products are contract-manufactured. | |
| adormultiproducts.com | 1948 | Mumbai, India | – | 4 | Personal care products are manufactured and supplied by Ador Multiproducts. | |
| influxhealthtech.com | 2003 | Mumbai, India | – | 160 | Contract based manufacturer of healthcare products | |
| stella-indusstries.com | 1983 | Gurugram, India | – | 91 | Produces high-quality personal care products, including aerosols and cosmetics. | |
| vedicskincare.com | 2002 | Noida, India | $3.3M | 101 | Personal care products are manufactured under contract by the company. | |
| iviabeaute.com | 2018 | Sonipat, India | – | 46 | Specializes in contract manufacturing of high-quality personal care products. | |
| bioingredia.com | 2014 | Ernakulam, India | – | 54 | Crafts premium plant-based extracts for food, beverage, and nutraceutical applications. | |
| intigree.com | 2014 | Mumbai, India | – | 40 | Produces high-quality personal care products focused on skin, hair, and cosmetics. |
Detailed competitors of Hitech Formulations
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Web traffic of Hitech Formulations
The website of Hitech Formulations (hitechformulations.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 2.5% vs previous month
Top companies in Contract & Outsourced Manufacturing
10 companies that operate in the same segment as Hitech Formulations (Contract & Outsourced Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | – | USD 27.91 B | 147,980 | |
Electronic products and components are manufactured globally by Foxconn. | 1974 | Taipei, Taiwan | – | – | 12,716 | |
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Automotive components are manufactured and supplied to OEMs. | 1957 | Aurora, Ontario, Canada | – | USD 42.92 B | 170,000 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | – | USD 114.37 M | 618 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | – | USD 7.24 B | 7,290 | |
Smart hardware and vehicle electronics are manufactured on contract. | 2005 | Pudong, Shanghai, China | USD 431.15 M | USD 24.45 B | 1,982 | |
Clas Ohlson was founded in 1918 in Insjön, Sweden. | 1918 | Insjon, Dalarna, Sweden | – | USD 1.35 B | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | – | USD 400 M | 40,280 |
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Frequently Asked Questions about Hitech Formulations
Hitech Formulations was founded in 2005.
Hitech Formulations is headquartered in Chandigarh, India.
Hitech Formulations has 66 employees.
The primary company behind Hitech Formulations, Hi-Tech Formulations Private Limited, reported revenue of ₹106 Cr for FY 2025, down 16% year on year.
Hitech Formulations was established in 2005 in Chandigarh, India. The company operates within the skin care sector, focusing on formulations for various products. Distribution is primarily conducted through online platforms as an internet-first brand. Operations encompass product development and e-commerce sales, serving customers in the beauty and personal care industry across relevant geographies.
Hitech Formulations's top competitors include Influx Healthtech, Ador Multiproducts and Vedic Cosmeceuticals.
Hitech Formulations offers Sunscreens, Serums, Hair and Scalp Care, Moisturizers, and Pediatric Dermatology.
Hitech Formulations operates through Hi-Tech Formulations Private Limited.
The legal entities of Hitech Formulations currently have 2 directors, including Jaspreet Singh Gulati, Dharmender Singh Gulati.