MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0070138
Hi-Can Industries Private Limited - packaging in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹22.49 Cr
▼ 10% YoY
Net profit · FY 2025
₹2.4 Cr
Net margin 10.7%
EBITDA · FY 2025
₹3.49 Cr
EBITDA margin 15.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.99 Cr
Issued & subscribed
Open charges
₹15.58 Cr
Satisfied ₹22 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
25
Provident fund records
About Hi-Can Industries Private Limited
Data last updated:
Hi-Can Industries Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Radhe Renewable Energy Development Private Limited. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 06 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28112GJ2009PTC057456. Its GSTIN is 24AACCH2331N1ZQ (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.99 Cr. It is led by directors Viraj Harishbhai Vamja and Jigar Dhruvkumar Dave.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.49 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹2.4 Cr (net margin 10.7%) and EBITDA of ₹3.49 Cr (EBITDA margin 15.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.58 Cr and satisfied charges of ₹22 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
Hi-Can Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0070138). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hicanindia.com.
Company details
CIN U28112GJ2009PTC057456
Registration Number 057456
Incorporation Date 06 July 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Radhe Renewable Energy Development Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0070138
Recognitions & Rankings of Hi-Can Industries
Contact details
Hi-Can Industries Private Limited's registered office is in Vadodara, Gujarat. Its website is hicanindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No – 588 Manjusar Savli Road Nr. Nirmal Canal Char Rasta Manjusar T, Al: Savli, Vadodara, Gujarat, India – 391770
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Hi-Can Industries Private Limited, buy the company report.
Comprehensive company report
Hi-Can Industries Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Hi-Can Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Hi-Can Industries Private Limited, buy the company report.
Financials of Hi-Can Industries Private Limited
FY 2024 filings availableHi-Can Industries Private Limited reported revenue of ₹22.49 Cr (down 10% YoY) for FY 2025.
Revenue · FY 2025
₹22.49 Cr ▼ 10%
Net profit · FY 2025
₹2.4 Cr margin 10.7%
EBITDA · FY 2025
₹3.49 Cr margin 15.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 11%
EBITDA CAGR growth
3 years · compounded
▲ 76%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 11% over three years, including a 10% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.4 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.5% | ||||
| Net Profit Margin | 10.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Hi-Can Industries Private Limited, buy the company report.
Board of directors of Hi-Can Industries Private Limited
Hi-Can Industries has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viraj Harishbhai Vamja | Director | 09 Sep 2014 | 12 Years 1 Months | Current |
| Jigar Dhruvkumar Dave | Director | 12 Jan 2010 | 16 Years 9 Months | Current |
Auditor
Hi-Can Industries Private Limited is audited by Ranpura Desai & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ranpura Desai & Co. | FY 2023 | 117476W |
Shareholding
The shareholding of Hi-Can Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hi-Can Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.58 Cr
Satisfied charges
₹22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2011 | 10278246 | Bank of India | ₹7.79 Cr | Open | |
| 19 Mar 2011 | 10278245 | Bank of India | ₹7.79 Cr | Open | |
| 15 Feb 2012 | 10340053 | Bank of India Limited | ₹2 Cr | Satisfied | |
| 18 Mar 2010 | 10213883 | Idbi Bank Limited | ₹10 Cr | Satisfied | |
| 04 Mar 2010 | 10213913 | Idbi Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Hi-Can Industries Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Hi-Can Industries Private Limited has 7 court cases on record: 5 filed by Hi-Can Industries, 2 filed against it. All cases are disposed.
Total cases
7
Filed by the company
5
Filed against the company
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SMST R) | Filed by the company against Inka Foods Pvt. Ltd. | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against SDP Industries Pvt. Ltd. and 3 others | Disposed |
| Supreme Court | Court case (0320-Direct Taxes Matter : Re-assessment/Revisional Power/Rectification) | Filed against the company by The Deputy Commissioner of Income Tax Circle 1(1) the Deputy Commissioner of Income Tax Circle 1(1) Rajkot ,Rajkot , Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Deputy Commissioner of Income Tax , Circle 1( | Disposed |
| District court, Anand, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Hi-Can Industries Private 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
Hi-Can Industries Private Limited has 2 MSME Form 1 returns on record between 2019 and 2022, listing 71 overdue payments to 17 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 (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krishna Agency | |||
| an individual supplier | |||
| an individual supplier | |||
| Nipra Industries Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Hi-Can Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hi-Can Industries Private Limited has a workforce of 25 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
8.7%
GST
Hi-Can Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH2331N1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Can Industries Private Limited, buy the company report.
Recent activity
Hi-Can Industries Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Shaileshkumar Vallabhdas Makadia ceased to be Director on 16 Feb 2015.
AGM
Hi-Can Industries Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.
Charges
A charge with Bank Of India of Rs. 7.79 Cr registered on 06 Apr 2011 with Charge ID 10278246 was modified on 03 Sep 2024.
Charges
A charge with Bank Of India of Rs. 7.79 Cr registered on 19 Mar 2011 with Charge ID 10278245 was modified on 03 Sep 2024.
Filing
Hi-Can Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Shaileshkumar Vallabhdas Makadia ceased to be Director.
Appointed
Viraj Harishbhai Vamja was appointed as Director.
Ceased
Nilesh Ratilal Makadia ceased to be Director.
Ceased
Sandipkumar Vallabhdas Makadia ceased to be Director.
Charges
A charge registered on 15 Feb 2012 via Charge ID 10340053 with Bank Of India Limited was fully satisfied on 10 Apr 2013.
Ceased
Amritlal Gordhanbhai Patel ceased to be Director.
Charges
A charge with Bank Of India Limited amounted to Rs. 2.00 Cr with Charge ID 10340053 was registered on 15 Feb 2012.
Charges
A charge with Bank Of India amounted to Rs. 7.79 Cr with Charge ID 10278246 was registered on 06 Apr 2011.
9 earlier events are in the company report.
Frequently asked questions
Hi-Can Industries is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 06 July 2009 (17+ years old) and is registered under CIN U28112GJ2009PTC057456.
Hi-Can Industries has 2 current directors:
- Viraj Harishbhai Vamja - Director
- Jigar Dhruvkumar Dave - Director
The latest financial statements of Hi-Can Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Can Industries is 24AACCH2331N1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Hi-Can Industries is U28112GJ2009PTC057456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Can Industries has 7 court cases on record: 5 filed by the company and 2 filed against it. Most are in the district courts.
Hi-Can Industries was incorporated on 06 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shaileshkumar Vallabhdas Makadia ceased to be Director on 16 Feb 2015. Viraj Harishbhai Vamja was appointed as Director on 09 Sep 2014. Nilesh Ratilal Makadia ceased to be Director on 29 Mar 2014. Hi-Can Industries has 6 board changes on record in total.
Yes, Hi-Can Industries is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0070138).
Hi-Can Industries has 2 MSME Form 1 returns on record between 2019 and 2022, listing 71 overdue payments to 17 micro and small suppliers. The latest return was filed on 03 Oct 2023.
Hi-Can Industries can be reached through the website hicanindia.com. Its registered office is in Vadodara, Gujarat, India.
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