About Highbar Technocrat Limited
Data last updated:
Highbar Technocrat Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72100MH2010PLC210078. Its GSTIN is 27AABCO4311L1ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20.41 Lakh. It was formerly known as Highbar Tech Limited. It is led by directors including Pramod Ramchandra Chorghe and Nitin Purushottam Choudhari.
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 1409 Empire Tower 14th Floor D Wing Gut No 31 Unit No Sb – 1402 Airoli, Navi Mumbai, Maharashtra, India – 400708.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.94 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹13.77 Cr (net margin 12.3%) and EBITDA of ₹18.17 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 7% over five years.
The company has about 381 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.96 Cr; the latest was in December 2016. Its 10 peer companies in the Information Technology industry (Enterprise Resource Planning) are compared by revenue, 5 larger and 5 smaller; the largest is Kgisl Technologies Private Limited with revenue of ₹366.32 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 26 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website highbartech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 1409 Empire Tower 14th Floor D Wing Gut No 31 Unit No Sb – 1402 Airoli, Navi Mumbai, Maharashtra, India – 400708
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Highbar Technocrat Limited
The main business activity of Highbar Technocrat is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Highbar Technocrat Limited FY 2025 filings available
Highbar Technocrat Limited reported revenue of ₹111.94 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Highbar Technocrat Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 11% growth in the latest year. EBITDA rose 46% 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 of Highbar Technocrat Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹111.94 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.77 Cr | •••• | •••• | •••• | •••• |
| 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 of Highbar Technocrat Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Highbar Technocrat are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Highbar Technocrat Limited
Highbar Technocrat Limited is compared with the companies closest to it by revenue in the Information Technology industry (Enterprise Resource Planning). Its own revenue is ₹111.94 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kgisl Technologies Private Limited | ₹366.32 Cr | •••• | •••• | •••• | 1,294 | Coimbatore, Tamil Nadu, India |
| Ellucian Higher Education Systems India Private Limited | ₹299.6 Cr | •••• | •••• | •••• | 867 | Bangalore South, Karnataka, India |
| Tally (India) Private Limited | ₹147.83 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Infrabeat Technologies Private Limited | ₹127.93 Cr | •••• | •••• | •••• | 369 | Pune, Maharashtra, India |
| Qad India Private Limited | ₹126.37 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Highbar Technocrat Limited this company | ₹111.94 Cr | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Marg Erp Limited | ₹95.35 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Blueprint Technologies Private Limited | ₹85.38 Cr | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Intellect Bizware Services Private Limited | ₹84.14 Cr | •••• | •••• | •••• | 460 | Navi Mumbai, Maharashtra, India |
| Version 1 Services Private Limited | ₹79.31 Cr | •••• | •••• | •••• | 382 | Bangalore North, Karnataka, India |
| TLC Digitech Private Limited | ₹71.35 Cr | •••• | •••• | •••• | 285 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Highbar Technocrat by revenue in the Information Technology industry (Enterprise Resource Planning), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Highbar Technocrat Limited
Highbar Technocrat Limited is audited by Tanveer Bhagat & Co. for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Tanveer Bhagat & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Highbar Technocrat Limited
Highbar Technocrat has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Ramchandra Chorghe | Director | 03 Jun 2021 | 5 Years 4 Months | Current |
| Nitin Purushottam Choudhari Also directs: Metamorphick Solutions Private Limited | Director | 03 Jun 2021 | 5 Years 4 Months | Current |
| Rahul Shukla Also directs: Panchkutir Developers Limited, Hill City Service Apartments Limited, HCC Infrastructure Company Limited and 5 more | Nominee Director | 10 Mar 2021 | 5 Years 6 Months | Current |
| Mangesh Dattatray Wadaje | Director | 12 Dec 2016 | 9 Years 9 Months | Current |
| Satish Mukund Pendse | Director | 08 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Highbar Technocrat Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Highbar Technocrat Limited
Highbar Technocrat Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Highbar Technocrat Limited
Highbar Technocrat Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.96 Cr; the latest was in December 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Funding round | ₹2.96 Cr | Investors: Highbar Technologies Limited , an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Highbar Technologies Limited Seller: Lavasa Corporation Limited |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Highbar Technocrat Limited
Highbar Technocrat Limited has 2 court cases on record: 1 filed by Highbar Technocrat, 1 filed against it. 1 case is pending and 1 is disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Mavenvista Technologies Private Limited | Pending |
| District court, Hyderabad CCC, Telangana | Court case (CEP) | Filed by the company against Rithwik Projects Private Limited | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Highbar Technocrat Limited
Highbar Technocrat Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 26 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JBM Enterprises | •••• | •••• | •••• |
| GNK Travel Services Private Limited | •••• | •••• | •••• |
| Speridian Technologies Private Limited | •••• | •••• | •••• |
| Sri Jai Media | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Highbar Technocrat Limited
Highbar Technocrat Limited has a workforce of 381 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Highbar Technocrat Limited
Highbar Technocrat has 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
Name History of Highbar Technocrat Limited
Highbar Technocrat has undergone 4 name changes throughout its history. The current legal name is Highbar Technocrat Limited.
| Company Name | Status |
|---|---|
| Highbar Technocrat Limited | Current |
| Highbar Tech Limited | Previous |
| Highbar Total Solution Limited | Previous |
| Osprey Hospitality Limited | Previous |
CIN History of Highbar Technocrat Limited
Highbar Technocrat has one previous CIN (Corporate Identification Number): U55204MH2010PLC210078. The current CIN is U72100MH2010PLC210078, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100MH2010PLC210078 | Current |
| U55204MH2010PLC210078 | Previous |
News related to Highbar Technocrat Limited
Recent Activity on Highbar Technocrat Limited
Highbar Technocrat Limited has 20 board changes on record since 2011: 5 appointments and 15 cessations. The latest: Nitin Purushottam Choudhari was appointed as Director on 03 Jun 2021.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Highbar Technocrat Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Highbar Technocrat Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Highbar Technocrat Limited
Highbar Technocrat has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO4311L1ZI | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Highbar Technocrat Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Highbar Technocrat Limited
Highbar Technocrat is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 15 November 2010 (16+ years old) and is registered under CIN U72100MH2010PLC210078.
Highbar Technocrat reported revenue of ₹111.94 Cr for FY 2025 (up 11% YoY).
Highbar Technocrat has 5 current directors:
- Pramod Ramchandra Chorghe - Director
- Nitin Purushottam Choudhari - Director
- Rahul Shukla - Nominee Director
- Mangesh Dattatray Wadaje - Director
- Satish Mukund Pendse - Director
Highbar Technocrat reported a net profit of ₹13.77 Cr (net margin 12.3%) and EBITDA of ₹18.17 Cr (EBITDA margin 16.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Highbar Technocrat is 2% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Highbar Technocrat is 27AABCO4311L1ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Highbar Technocrat is U72100MH2010PLC210078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Highbar Technocrat has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
Highbar Technocrat was incorporated on 15 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Highbar Technocrat has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.96 Cr; the latest was in December 2016.
The peers of Highbar Technocrat by revenue are Kgisl Technologies Private Limited, Ellucian Higher Education Systems India Private Limited, Tally (India) Private Limited, Infrabeat Technologies Private Limited, Qad India Private Limited and 5 more, all in the Information Technology industry (Enterprise Resource Planning).
Nitin Purushottam Choudhari was appointed as Director on 03 Jun 2021. Pramod Ramchandra Chorghe was appointed as Director on 03 Jun 2021. Aditya Pratap Jain ceased to be Nominee Director on 10 Mar 2021. Highbar Technocrat has 20 board changes on record in total.