Hitech

Mumbai, India Founded: 1991 • Age: 35 yrs Listed
Multiple industries are operated across by the diversified conglomerate.
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About Hitech

Hitech is a publicly listed company based in Mumbai (India) founded in 1991 by Ashwin Suryakant Dani. Multiple industries are operated across by the diversified conglomerate. The company has 662 employees. Its Indian entity Hitech Corporation Limited reported revenue of ₹645 Cr. Hitech offers products and services including Plastic Packaging and Speciality Chemicals. Its focus areas include Conglomerates and Traditional Conglomerates.

Company details

Hitech was founded in 1991 and is headquartered in Mumbai, India. Operations are managed as a diversified conglomerate spanning various sectors, including manufacturing and services. Leadership is provided by founder Ashwin Suryakant Dani and Managing Director Malav Ashwin Dani, who oversees CSR initiatives. The company maintains a presence in domestic and international markets, with activities focused on industrial diversification and stakeholder engagement.

  • Headquarters Mumbai, India
  • Employees 662
  • Founders Ashwin Suryakant Dani
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website hitechgroup.com
  • Social LinkedIn YouTube
  • Legal Name Hitech Corporation Ltd
Operational Areas
Industrial Goods & Manufacturing → Metals & Minerals
Key Metrics
  • Market Cap
    ₹708 Cr

    HITECHCORP · NSE

  • Share Price
    ₹410.75

    -0.41% today

  • Revenue
    ₹640 Cr

    FY 2025-26 · +14.1% YoY

  • EBITDA
    ₹73.21 Cr

    Margin 11.4%

  • Net Profit
    ₹16.16 Cr

    FY 2025-26 · +103.3% YoY

  • P/E (TTM)
    37.3x

    P/B 2.5x

  • Employee Count
    662

Products & Services of Hitech

Hitech offers a comprehensive portfolio of products and services, including Plastic Packaging and Speciality Chemicals.

Plastic Packaging
Manufacturing

Plastic packaging solutions are provided for industries like food, beverages, and pharmaceuticals to meet specific needs.

Speciality Chemicals
Trading

Speciality chemicals are distributed for applications in paints, coatings, and personal care to support various sectors.

Apps and channels of Hitech

its YouTube channel Hitech Group has 54 subscribers and 9 videos.

Hitech Group
YouTube 54 subscribers 9 videos Science & Technology
Open channel

Videos from Hitech

The most watched videos on Hitech's YouTube channel, Hitech Group (54 subscribers). Click a video to play it here.

Hitech Corporation - Who We Are
1.8K views
Hitech Corporation Limited
1.3K views
Mr.Malav Dani's speech at the launch of IAICC South India Regional Chapter & Karnataka State Chapter
721 views
Shri Malav Dani: Hum Sachitanad Hai, You Are Infinite
362 views

More on Hitech Group.

Board of directors of Hitech Corporation Limited (Hitech)

Hitech Corporation Limited is the primary company behind Hitech. The board of Hitech Corporation Limited currently have 10 directors; the longest-serving is Malav Ashwin Dani, appointed in 2008. 24 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Malav Ashwin Dani
DIN 01184336
Managing Director01 Feb 200818 yrs 9 moHitech Corporation Limited
Mehernosh Adi Mehta
DIN 00372340
Whole-time director17 Mar 201610 yrs 7 moHitech Corporation Limited
Aditya Mahendra Sheth
DIN 02289144
Director25 Jun 20197 yrs 4 moHitech Corporation Limited
Kalpana Vithaldas Merchant
DIN 00827907
Director27 Feb 20206 yrs 8 moHitech Corporation Limited
Ina Ashwin Dani
DIN 00053695
Director22 Dec 20232 yrs 10 moHitech Corporation Limited
Prakash Druman Trivedi
DIN 00231288
Director22 Dec 20232 yrs 10 moHitech Corporation Limited
Anjan Ray
DIN 03630088
Director07 Feb 20242 yrs 8 moHitech Corporation Limited
Jayendra Ratilal Shah
DIN 00132613
Director29 Apr 20242 yrs 6 moHitech Corporation Limited
Sivaram Swaminathan
DIN 00009900
Director19 Dec 20241 yr 10 moHitech Corporation Limited
Mehli Maneck Golvala
DIN 02234105
Additional Director08 May 20265 moHitech Corporation Limited

People of Hitech

37 people are tracked at Hitech (9 in leadership, 28 in team); the tracked headcount is 662.

NameRoleGroup
Ashwin Suryakant Dani
FounderLeadership
Malav Ashwin Dani
Managing Director & CSRLeadership
Venugopal Bathuluri
Head Technology CentreLeadership
Harsha Kn
Managing DirectorLeadership
Amit Panchal
Head OperationsLeadership
Malav Dani
President, Hitech Global Inc.Leadership
Vijay Chauhan
Assistant General Manager Accounts And TaxationLeadership
Amarjit Gupta
General Manager Sales MarketingLeadership
Vinay Sawkar
Plant HeadLeadership
Siddhesh Natekar.
Executive ITTeam
Vishnu Prasad R
Production ExecutiveTeam
Mazid Zafar
Manager Mold & Product DevelopmentTeam
Prakash Sharma
Sales & Business DevelopmentTeam
Bulli Babu Gudivada
Works ManagerTeam
Shamshad Alam
Sales Marketing ManagerTeam
Nirankar Swaroop Shrivastava
Executive(p.e.)Team
Saurav Handique
Sr. Officer Tool RoomTeam
Pradeep Pandala
Mechanical EngineerTeam
Bashishth Yadav
Production EngineerTeam
Chittaprasanna Mallick
Assistant ManagerTeam

17 more people are available in the full profile.

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Complete people profiles for Hitech

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

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IPO & Listings of Hitech

Hitech is a publicly listed company on the NSE with ticker symbol HITECHCORP in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date20 Dec 2007
  • Listed onNSE: HITECHCORP
  • Listed entityHitech Corporation Ltd
  • Exchange sectorProducer manufacturing
  • ISININE120D01012
  • Share price₹391.90 (+5% on the day) · 2026-10-14
  • Market capitalisation₹640 Cr
  • Price to earnings38.4
  • EPS (diluted, trailing year)₹10.22
  • Dividend yield0.27%
  • Volume (last session)5,887

Financials of Hitech

Exchange-reported figures of Hitech Corporation Limited, the listed company behind Hitech (NSE: HITECHCORP).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹640 Cr
+14.1% YoY
EBITDA
₹73.21 Cr
+21.7% YoY
Profit After Tax
₹16.16 Cr
+103.3% YoY
Net Worth
₹285 Cr
+5.2% YoY
Total Assets
₹440 Cr
+10.7% YoY
Total Debt
₹137 Cr
+17.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2013-14FY 2012-13FY 2011-12FY 2010-11
Income statement
Revenue640561460439386345
Revenue growth+14.1%-+4.6%+14.0%+11.8%-
EBITDA73.2160.1848.6446.1945.5146.36
EBITDA margin+11.4%+10.7%+10.6%+10.5%+11.8%+13.4%
Profit before tax19.1211.8313.4612.6213.8922.48
Net profit16.167.956.409.0010.4014.24
Net profit margin+2.5%+1.4%+1.4%+2.1%+2.7%+4.1%
EPS (₹)8.845.204.676.597.8110.68
Balance sheet
Total assets440397228229235205
Net worth28527199.5894.6188.0479.67
Total debt13711797.2710511896.27
Cash & bank7.982.453.186.378.595.69
Net working capital11668.5790.9881.5895.9284.85
Cash flow
Cash from operations43.8148.1029.7357.6333.3520.81
Cash from investing(47.40)(60.67)(6.32)(25.77)(32.97)(37.35)
Cash from financing6.6114.20(26.60)(34.08)2.5216.19
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue226166145164165149123147
Revenue growth (YoY)+36.9%+11.2%+18.0%+12.2%+15.6%---
Other income1.333.560.470.480.411.260.970.36
EBITDA23.0121.3610.7919.9320.4814.2113.0516.76
EBITDA margin+10.2%+12.9%+7.4%+12.1%+12.4%+9.5%+10.6%+11.4%
Depreciation10.0410.0210.009.939.769.639.069.09
Interest5.024.664.574.824.594.203.904.10
Profit before tax9.2810.24(3.31)5.666.541.641.063.93
Tax2.171.35(0.69)1.501.790.63(0.20)1.17
Net profit7.118.89(2.62)4.164.751.011.262.76
EPS (₹)4.145.17(1.52)2.432.760.590.731.62
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue584549562559588447460
Revenue growth+6.3%-2.2%+0.6%-5.1%+31.6%-2.8%-
EBITDA62.7258.2071.9572.6885.7964.0856.57
EBITDA margin+10.7%+10.6%+12.8%+13.0%+14.6%+14.3%+12.3%
Profit before tax9.1410.3230.0137.3650.3822.333.59
Net profit9.026.9721.6624.9730.0212.783.74
Net profit margin+1.5%+1.3%+3.9%+4.5%+5.1%+2.9%+0.8%
EPS (₹)4.674.6512.8116.4921.779.871.37
Balance sheet
Total assets429393351312320333350
Net worth276270263243217182188
Total debt13611480.3963.0498.86148161
Cash & bank0.560.460.822.550.960.860.84
Net working capital10161.8359.1361.2260.7456.2759.77
Cash flow
Cash from operations37.2746.9554.5769.3372.6864.8356.34
Cash from investing(45.33)(63.74)(48.21)(15.92)(5.91)(8.94)(24.64)
Cash from financing8.0716.43(8.07)(51.77)(65.06)(52.24)(31.10)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue211152132148153137123147
Revenue growth (YoY)+38.0%+10.4%+6.9%+1.2%+7.2%---
Other income1.142.420.210.170.381.200.970.36
Total expenses189133122132135126110130
EBITDA21.4318.529.4716.0418.0411.7613.2216.91
EBITDA margin+10.2%+12.2%+7.2%+10.8%+11.8%+8.6%+10.7%+11.5%
Depreciation9.609.529.499.429.319.199.069.09
Interest4.984.624.474.804.494.113.904.10
Profit before tax7.996.80(4.28)1.994.62(0.34)1.234.08
Tax1.820.43(1.01)0.481.220.08(0.20)1.17

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue226166145164165149123147
Revenue growth (YoY)+36.9%+11.2%+18.0%+12.2%+15.6%---
Other income1.333.560.470.480.411.260.970.36
EBITDA23.0121.3610.7919.9320.4814.2113.0516.76
EBITDA margin+10.2%+12.9%+7.4%+12.1%+12.4%+9.5%+10.6%+11.4%
Depreciation10.0410.0210.009.939.769.639.069.09
Interest5.024.664.574.824.594.203.904.10
Profit before tax9.2810.24(3.31)5.666.541.641.063.93
Tax2.171.35(0.69)1.501.790.63(0.20)1.17
Net profit7.118.89(2.62)4.164.751.011.262.76
EPS (₹)4.145.17(1.52)2.432.760.590.731.62
ParticularsFY 2025-26FY 2024-25FY 2013-14FY 2012-13FY 2011-12FY 2010-11
Revenue640561460439386345
Revenue growth+14.1%-+4.6%+14.0%+11.8%-
Other income4.274.260.472.051.271.16
Total expenses567501411393340299
Employee cost0.0044.0825.0124.3724.5819.67
EBITDA73.2160.1848.6446.1945.5146.36
EBITDA margin+11.4%+10.7%+10.6%+10.5%+11.8%+13.4%
Depreciation39.7136.4618.4317.2915.3812.63
Interest18.6516.1517.2218.3317.5112.41
Profit before tax19.1211.8313.4612.6213.8922.48
Tax3.952.895.392.253.486.35
Net profit16.167.956.409.0010.4014.24
Net profit margin+2.5%+1.4%+1.4%+2.1%+2.7%+4.1%
EPS (₹)8.845.204.676.597.8110.68
ParticularsFY 2025-26FY 2024-25FY 2013-14FY 2012-13FY 2011-12FY 2010-11
Equity & liabilities
Share capital17.1817.1813.1813.1813.1813.18
Reserves & surplus26725486.4081.4374.8666.49
Shareholders' funds (net worth)28527199.5894.6188.0479.67
Minority interest0.000.0030.9229.1927.8427.95
Secured loans13010750.0368.5994.4586.00
Unsecured loans7.1310.1147.2436.1123.7810.27
Total debt13711797.2710511896.27
Total liabilities440397228229235205
Assets
Gross block541510258254217187
Net block290295135147127113
Capital work in progress12.0112.621.390.865.677.00
Investments1.141.140.000.000.110.11
Inventories71.7151.2733.7327.0438.1942.40
Sundry debtors71.7754.5672.9961.4562.3757.80
Cash & bank balances7.982.453.186.378.595.69
Loans & advances12.7311.1614.5415.5611.8910.54
Total current assets164119124110121116
Total current liabilities47.9750.8733.4628.8425.1231.58
Net working capital11668.5790.9881.5895.9284.85
Total assets440397228229235205
ParticularsFY 2025-26FY 2024-25FY 2013-14FY 2012-13FY 2011-12FY 2010-11
Opening cash2.260.646.378.595.696.04
Net cash from operating activities43.8148.1029.7357.6333.3520.81
Net cash from investing activities(47.40)(60.67)(6.32)(25.77)(32.97)(37.35)
Net cash from financing activities6.6114.20(26.60)(34.08)2.5216.19
Net change in cash3.021.62(3.19)(2.22)2.90(0.35)
Closing cash7.982.453.186.378.595.69
ParticularsFY 2025-26FY 2024-25FY 2013-14FY 2012-13FY 2011-12FY 2010-11
Growth
Sales growth+14.1%-+4.6%+14.0%+11.8%-
EBITDA growth+21.7%-+5.3%+1.5%-1.8%-
PBT growth+61.6%-12.1%+6.7%-9.1%-38.2%+9997.0%
Net income growth+103.3%--28.9%-13.5%-27.0%-
Revenue CAGR (3Y)+13.4%+13.3%+10.0%---
EBITDA CAGR (3Y)+16.6%+9.8%+1.6%---
Profitability & leverage
Net income margin+2.4%+1.6%+1.8%+2.4%+2.7%+4.7%
Return on capital employed-+6.7%+14.4%+13.3%+14.3%+19.2%
Return on net worth-+2.9%+7.2%+8.7%+9.3%+16.4%
Debt / equity-0.430.900.930.960.84
Long-term debt / equity-0.200.310.320.250.32
Interest cover55.6768.0957.0063.4358.1136.79
Efficiency & per share
Fixed asset turnover-1.101.982.062.072.28
Inventory turnover-10.9516.6614.8410.3910.76
Debtors turnover-10.297.537.826.977.22
EPS (₹)8.845.204.676.597.8110.68
Dividend per share (₹)1.001.000.901.601.601.60
Book value per share (₹)0.00157.6075.5771.8166.8060.45
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue211152132148153137123147
Revenue growth (YoY)+38.0%+10.4%+6.9%+1.2%+7.2%---
Other income1.142.420.210.170.381.200.970.36
Total expenses189133122132135126110130
EBITDA21.4318.529.4716.0418.0411.7613.2216.91
EBITDA margin+10.2%+12.2%+7.2%+10.8%+11.8%+8.6%+10.7%+11.5%
Depreciation9.609.529.499.429.319.199.069.09
Interest4.984.624.474.804.494.113.904.10
Profit before tax7.996.80(4.28)1.994.62(0.34)1.234.08
Tax1.820.43(1.01)0.481.220.08(0.20)1.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue584549562559588447460
Revenue growth+6.3%-2.2%+0.6%-5.1%+31.6%-2.8%-
Other income2.534.212.037.0510.737.090.55
Total expenses522491490486503383404
Employee cost0.0042.9639.5335.6331.4128.6130.81
EBITDA62.7258.2071.9572.6885.7964.0856.57
EBITDA margin+10.7%+10.6%+12.8%+13.0%+14.6%+14.3%+12.3%
Depreciation37.7436.0229.7128.6030.0129.5129.97
Interest18.3716.0714.2613.7716.1319.3323.56
Profit before tax9.1410.3230.0137.3650.3822.333.59
Tax1.122.348.029.0312.995.381.22
Net profit9.026.9721.6624.9730.0212.783.74
Net profit margin+1.5%+1.3%+3.9%+4.5%+5.1%+2.9%+0.8%
EPS (₹)4.674.6512.8116.4921.779.871.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.1817.1817.1817.1817.1817.1839.53
Reserves & surplus259253246226200165148
Shareholders' funds (net worth)276270263243217182188
Secured loans12810469.8859.8793.10134148
Unsecured loans7.1310.1110.513.175.7614.0212.12
Total debt13611480.3963.0498.86148161
Total liabilities429393351312320333350
Assets
Gross block517486440387377357355
Net block270273256228245251276
Capital work in progress11.8712.6214.796.432.113.141.65
Investments27.5628.521.140.000.000.000.00
Inventories67.8948.8242.0737.4843.5938.7034.82
Sundry debtors61.1644.9742.3436.5743.0344.1543.21
Cash & bank balances0.560.460.822.550.960.860.84
Loans & advances13.0912.239.8610.593.993.449.92
Total current assets14310695.0987.1991.5787.1588.79
Total current liabilities41.5844.6535.9625.9730.8330.8829.02
Net working capital10161.8359.1361.2260.7456.2759.77
Total assets429393351312320333350
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.280.642.350.72(1.48)(5.12)(5.72)
Net cash from operating activities37.2746.9554.5769.3372.6864.8356.34
Net cash from investing activities(45.33)(63.74)(48.21)(15.92)(5.91)(8.94)(24.64)
Net cash from financing activities8.0716.43(8.07)(51.77)(65.06)(52.24)(31.10)
Net change in cash0.01(0.36)(1.71)1.631.713.640.60
Closing cash0.560.460.822.550.960.860.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.3%-2.2%+0.6%-5.1%+31.6%-2.8%-
EBITDA growth+7.8%-19.1%-1.0%-15.3%+33.9%+13.3%-
PBT growth-11.4%-65.6%-19.7%-25.8%+125.6%+522.0%-86.0%
Net income growth+29.4%-67.8%-13.3%-16.8%+134.9%+241.7%-
Revenue CAGR (3Y)+1.5%-2.3%+7.9%+6.7%+8.4%+4.8%+7.8%
EBITDA CAGR (3Y)-4.8%-12.1%+3.9%+8.7%+18.5%+19.9%+17.1%
Profitability & leverage
Net income margin+1.4%+1.5%+3.9%+5.1%+6.4%+3.8%+0.5%
Return on capital employed-+6.7%+13.4%+14.8%+17.2%+10.4%+8.7%
Return on net worth-+2.6%+8.7%+10.9%+15.1%+7.4%+2.3%
Debt / equity-0.370.280.350.620.830.86
Long-term debt / equity-0.130.060.070.200.350.46
Interest cover73.5472.4533.7631.2428.9255.9288.57
Efficiency & per share
Fixed asset turnover-1.191.361.461.601.261.43
Inventory turnover-12.0914.1213.7814.3012.1612.31
Debtors turnover-12.5914.2414.0413.5010.249.27
EPS (₹)4.674.6512.8116.4921.779.871.37
Dividend per share (₹)1.001.001.001.001.001.000.00
Book value per share (₹)0.00157.03153.37141.60126.31106.0196.26

Web traffic of Hitech

The website of Hitech (hitechgroup.com) receives about 2.6K visits a month.

  • Monthly visits
    2.6K

    ▼ 58.7% vs previous month

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Frequently Asked Questions about Hitech

Hitech was founded in 1991.

Hitech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Hitech has 662 employees.

The primary company behind Hitech, Hitech Corporation Limited, reported revenue of ₹645 Cr for FY 2026, up 14% year on year.

Hitech was founded in 1991 and is headquartered in Mumbai, India. Operations are managed as a diversified conglomerate spanning various sectors, including manufacturing and services. Leadership is provided by founder Ashwin Suryakant Dani and Managing Director Malav Ashwin Dani, who oversees CSR initiatives. The company maintains a presence in domestic and international markets, with activities focused on industrial diversification and stakeholder engagement.

Hitech offers Plastic Packaging and Speciality Chemicals.

Yes, Hitech is publicly traded on NSE under the ticker symbol HITECHCORP.

Hitech operates through Hitech Corporation Limited.

The legal entities of Hitech currently have 12 directors, including Malav Ashwin Dani, Jayendra Ratilal Shah, Kalpana Vithaldas Merchant and others.

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