About HG Industries Limited
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HG Industries Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Greenlam Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the paper and packaging products segment of the manufacturing sector. It was incorporated on 11 December 1987.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L20100DL1987PLC408363. Its GSTIN is 33AAACH5121L1ZV (Tamil Nadu). The company held 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.32 Cr. It was formerly known as Himalaya Granites Limited and Hgl Enterprise Limited. It was led by directors including Ramesh Kumar Haritwal (Managing Director) and Ramanujam Mathangi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 203 2nd Floor West Wing Worldmark 1 Aerocity Igi Airport Hospitality Distr, Ict, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.4 Cr, a growth of 117% compared to the previous year. For the same year it recorded a net profit of ₹2.65 Lakh (net margin 1.9%) and EBITDA of -₹87.37 Lakh (EBITDA margin -62.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company was associated with 1 brand: Himalaya Granites. As per MCA filings, the company had satisfied charges of ₹34.63 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 2 cases are pending. The company has 32 deals on record (29 market trades, 1 buyback, 1 acquisition); the latest was in April 2022. The company has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 4 overdue payments to 2 micro and small suppliers.
The last known website on record is hgl.co.in.
Company details
Name history
HG Industries has undergone 3 name changes throughout its history. The company was previously known as Himalaya Granites Limited, Hgl Enterprise Limited, and Hgl Plywood Limited. The current legal name is Hg Industries Limited.
| Company Name | Status |
|---|---|
| HG Industries Limited | Current |
| Himalaya Granites Limited | Previous |
| Hgl Enterprise Limited | Previous |
| Hgl Plywood Limited | Previous |
CIN history
HG Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L20100DL1987PLC408363, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L20100DL1987PLC408363 | Current |
| L13206TN1987PLC015161 | Previous |
| U13206TN1987PLC015161 | Previous |
| L20100TN1987PLC015161 | Previous |
Contact details
HG Industries Limited's registered office is in New Delhi, Delhi. Its website is hgl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address203 2nd Floor West Wing Worldmark 1 Aerocity Igi Airport Hospitality Distr, Ict, New Delhi, Delhi, India – 110037
- IndustryManufacturing, Paper & Packaging Products, Wood Products & MDF
To see the full contact details of HG Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
HG Industries operates one associated brand: Himalaya Granites. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Granites and monuments are manufactured and marketed by the company. | hgl.co.in |
Business activity
The main business activity of HG Industries is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of HG Industries Limited, buy the company report.
Financials of HG Industries Limited
FY 2022 filings availableHG Industries Limited reported revenue of ₹1.4 Cr (up 117% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 117% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹87.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.65 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.6% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of HG Industries Limited, buy the company report.
Board of directors and KMP of HG Industries Limited
HG Industries Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanujam Mathangi | Director | 30 Sep 2015 | 11 Years 1 Months | As last reported |
| Shalabh Jalan Also directs: Terriific Electricals LLP, Sarvoshree Iron Works LLP, Terriific Realdev LLP and 5 more | Director | 27 Sep 2019 | 7 Years 1 Months | As last reported |
| Manojit Dash Also directs: Greenlam Limited | Director | 30 Sep 2021 | 5 Years 1 Months | As last reported |
| Hariom Pandey | Company Secretary | 11 Aug 2016 | 10 Years 2 Months | As last reported |
| Ramesh Kumar Haritwal | Managing Director | 27 Sep 2007 | 19 Years 1 Months | As last reported |
Auditor
HG Industries Limited is audited by S.P.Shaw & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P.Shaw & Co. | FY 2022 | 314229E |
Shareholding
The shareholding of HG Industries Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HG Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2007 | 10078023 | Axis Bank Limited | ₹4.75 Cr | Satisfied | |
| 02 Nov 2006 | 10024573 | Union Bank of India Limited | ₹6.25 Cr | Satisfied | |
| 19 Aug 2005 | 90288334 | Uti Bank Ltd | ₹3 Cr | Satisfied | |
| 08 Mar 2000 | 90307818 | Industrial Dev. Bank of India | ₹4 Cr | Satisfied | |
| 27 Sep 1997 | 90307685 | Industrial Dev. Bank of India | ₹7.2 Cr | Satisfied |
To see the full charge records of HG Industries Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
HG Industries Limited has 32 deals on record (29 market trades, 1 buyback, 1 acquisition); the latest was in April 2022.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Market trade | ₹18.2 Lakh | Seller: Mansi Share and Stock Broking Private Limited |
| Oct 2021 | Market trade | ₹18 Lakh | Seller: Usha Polychem India Pvt Ltd |
| Aug 2021 | Acquisition | ₹13.92 Cr | Buyer: Greenlam Industries Limited Seller: S. M. Safeinvest Private Limited , 3 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Greenlam Industries Limited |
| Jun 2021 | Market trade | ₹54.7 Lakh | Buyer: Shree Holdings Seller: Plylam Enterprises Private Limited |
To see the full deal history of HG Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HG Industries Limited has 14 court cases on record: 12 filed by HG Industries, 2 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 2 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (WPMP) | Filed by the company against The Assistant Commissioner of and 2 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The District Collector, | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| NCLT, Principal Bench | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Principal Bench | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of HG Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
HG Industries Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| T M Metals and Tubes | |||
| MFC Transport Private Limited |
To see the full MSME payment records of HG Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
HG Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACH5121L1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HG Industries Limited, buy the company report.
Recent activity
HG Industries Limited has 9 board changes on record since 2007: 5 appointments and 4 cessations. The latest: Manojit Dash was appointed as Director on 30 Sep 2021.
21 earlier events are in the company report.
News
Frequently asked questions
HG Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
HG Industries was a public limited company based in New Delhi, Delhi, India. The company worked in paper and packaging products, within the manufacturing industry. It was incorporated on 11 December 1987 and is registered under CIN L20100DL1987PLC408363. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
HG Industries was incorporated on 11 December 1987. It is registered with the Registrar of Companies, Delhi.
HG Industries had 5 directors and KMP:
- Ramesh Kumar Haritwal - Managing Director
- Ramanujam Mathangi - Director
- Shalabh Jalan - Director
- Manojit Dash - Director
- Hariom Pandey - Company Secretary
The CIN (Corporate Identification Number) of HG Industries is L20100DL1987PLC408363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HG Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The registered office of HG Industries is at 203 2nd Floor West Wing Worldmark 1 Aerocity Igi Airport Hospitality Distr, Ict, New Delhi, Delhi, India – 110037.
HG Industries can be reached through the website hgl.co.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of HG Industries on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of HG Industries is 33AAACH5121L1ZV, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
HG Industries operated in the manufacturing industry, in the paper and packaging products segment.
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