About Hynetic
Hynetic is an Energy & Utilities company based in Bengaluru (India) founded in 1994. It manufactures IoT solutions for smart city lighting and energy efficiency applications. It operates on a B2B and Partnership-based model in Energy & Utilities and Technology sectors. The company has 32 employees. Its Indian entity Hynetic Electronics Private Limited reported revenue of ₹11.57 Cr. Hynetic offers products and services including Smart Outdoor Lighting, Smart Building Lighting, LED Lighting, Smart Pole, and E-Rickshaw Charger. Its focus areas include Energy and Utilities Tech, Energy Management, Solar Monitoring and Efficiency Solutions. Its competitors include Fabindia, Durian and Chumbak; 2 of its 3 listed competitors have raised funding.
Company details
Hynetic is an Indian company that develops hardware and software for IoT applications, including smart lighting, energy management, and solar monitoring. They innovate to provide affordable, sustainable products like LED drivers and smart poles. Based in Bengaluru, they collaborate with OEM partners and system integrators to deliver optimized energy-efficient solutions for smart city projects, focusing on quality and future-proof technology.
- Headquarters Bengaluru, India
- Employees 32
- SectorsEnergy & UtilitiesTechnology
- Email••••••••
- Website hynetic.com
- Legal Name Hynetic Electronics Private Limited
- Date of Incorporation 11 Apr, 2003
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹11.57 Cr
FY 2023 · -1% YoY
- Net Profit₹10.4 Lakh
FY 2023 · 1% margin
- EBITDA₹62.8 Lakh
FY 2023 · 5% margin
- Employee Count32
Associated legal entities of Hynetic
Hynetic operates through Hynetic Electronics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hynetic Electronics Private Limited CIN U72200KA2003PTC031818 | Active | 11 Apr 2003 | Bangalore, Karnataka | ₹11.6 Cr | 32 | 3 | View details |
Products & Services of Hynetic
Hynetic offers a comprehensive portfolio of products and services, including Smart Outdoor Lighting, Smart Building Lighting, LED Lighting, Smart Pole, and E-Rickshaw Charger.
Provides controllers and software for efficient outdoor lighting management.
Offers WiFi drivers for dynamic control and monitoring of building lights.
Supplies drivers and devices to ensure reliable LED fixture performance.
Enables modular applications for smart city poles with unified monitoring.
Delivers rugged chargers optimized for poor power conditions with LCD monitoring.
Board of directors of Hynetic Electronics Private Limited (Hynetic)
Hynetic Electronics Private Limited is the primary company behind Hynetic. The board of Hynetic Electronics Private Limited currently have 3 directors; the longest-serving is Gayathri Ramesh, appointed in 2003. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gayathri Ramesh DIN 01120615 | Director | 11 Apr 2003 | 23 yrs 6 mo | Hynetic Electronics Private Limited |
| Ramesh Donthi Nagaraj DIN 00823031 | Director | 11 Apr 2003 | 23 yrs 6 mo | Hynetic Electronics Private Limited |
| Horeyala Nagaraj Manjunatha DIN 06404262 | Director | 21 Nov 2012 | 13 yrs 11 mo | Hynetic Electronics Private Limited |
Financials of Hynetic
Figures of Hynetic Electronics Private Limited, the primary company behind Hynetic, for FY 2023. Revenue was ₹11.57 Cr (-1% year on year). Net profit was ₹10.4 Lakh (1% margin). EBITDA was ₹62.8 Lakh (5% margin). Revenue has grown at a compounded annual rate of -8% over three years and -10% over five years.
- ₹11.57 CrRevenue · FY 2023 · -1% YoY
- ₹10.4 LakhNet profit · 1% margin
- ₹62.8 LakhEBITDA · 5% margin
- ₹18.3 LakhPaid-up capital
- 32Employees (provident fund records)
- -8%Revenue CAGR, 3 years
- -10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hynetic Electronics Private Limited are on its company page.
Detailed financial statements for Hynetic
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.
Competitors of Hynetic
Hynetic has 3 listed competitors in our database, 2 of them funded. They include Fabindia, Durian and Chumbak.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fabindia.com | 1960 | Delhi, India | 1,522 | Internet first brand of ethnic wear, home furniture, and home decor products | ||
| durian.in | 1985 | Mumbai, India | $1.2M | 1,070 | Brand of home & office furniture and decor products | |
| chumbak.com | 2009 | Bengaluru, India | $36.12M | 135 | Internet first brand of apparel for women |
Detailed competitors of Hynetic
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Hynetic
Hynetic was founded in 1994.
Hynetic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hynetic has 32 employees.
The primary company behind Hynetic, Hynetic Electronics Private Limited, reported revenue of ₹11.57 Cr for FY 2023, down 1% year on year.
Hynetic is an Indian company that develops hardware and software for IoT applications, including smart lighting, energy management, and solar monitoring. They innovate to provide affordable, sustainable products like LED drivers and smart poles. Based in Bengaluru, they collaborate with OEM partners and system integrators to deliver optimized energy-efficient solutions for smart city projects, focusing on quality and future-proof technology.
Hynetic offers Smart Outdoor Lighting, Smart Building Lighting, LED Lighting, Smart Pole, and E-Rickshaw Charger.
Hynetic operates through Hynetic Electronics Private Limited.
The legal entities of Hynetic currently have 3 directors, including Horeyala Nagaraj Manjunatha, Gayathri Ramesh, Ramesh Donthi Nagaraj.