About Hi-Green Carbon Limited
Data last updated:
Hi-Green Carbon Limited is a public limited company based in Lodhika, Gujarat, India, a subsidiary of Rng Finlease Pvt Ltd. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 29 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45100GJ2011PLC066917. Its GSTIN is 08AAQCS2877J1ZK (Rajasthan). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on NSE: HIGREEN.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.99 Cr. It was formerly known as Shantol Green (India) Private Limited and Shantol Green Energy (India) Private Limited. It is led by directors including Amitkumar Hasmukhrai Bhalodi (Managing Director) and Shaileshkumar Vallabhdas Makadia.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Lodhika, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹138.68 Cr, a growth of 43.3% compared to the previous year. For the same year it recorded a net profit of ₹5.15 Cr (net margin 3.7%) and EBITDA of ₹17.33 Cr (EBITDA margin 12.5%). The net worth stands at ₹90.08 Cr (up 4% YoY). Total assets are valued at ₹153.61 Cr (up 14.4% YoY).
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hi-Green Carbon. As per MCA filings, the company has open charges of ₹91.23 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹18.99 Cr; the latest was in September 2023. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 108 overdue payments to 3 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 higreencarbon.com.
Company details
Name history
Hi-Green Carbon has undergone 3 name changes throughout its history. The company was previously known as Shantol Green (India) Private Limited, Shantol Green Energy (India) Private Limited, and Shantol Green Hydrocarbons (India) Private Limited. The current legal name is Hi-Green Carbon Limited.
| Company Name | Status |
|---|---|
| Hi-Green Carbon Limited | Current |
| Shantol Green (India) Private Limited | Previous |
| Shantol Green Energy (India) Private Limited | Previous |
| Shantol Green Hydrocarbons (India) Private Limited | Previous |
CIN history
Hi-Green Carbon has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45100GJ2011PLC066917, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45100GJ2011PLC066917 | Current |
| U45100GJ2011PTC066917 | Previous |
| U45100GJ2011PLC066917 | Previous |
| U37200GJ2011PTC066917 | Previous |
Contact details
Hi-Green Carbon Limited's registered office is in Lodhika, Gujarat. Its website is higreencarbon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 2721 – A Kranti Gate Main Road, Nr. Geb Substation Metoda GIDC, Lodhika, Gujarat, India – 360021
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Hi-Green Carbon 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
Hi-Green Carbon operates one associated brand: Hi-Green Carbon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recovered carbon black is produced from recycled rubber waste. | higreencarbon.com |
Business activity
The main business activity of Hi-Green Carbon is manufacturing. In detail, this covers coke and refined petroleum products and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Hi-Green Carbon Limited, buy the company report.
Financials of Hi-Green Carbon Limited
FY 2025-26 filings availableHi-Green Carbon Limited reported revenue of ₹138.68 Cr (up 43.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 139 | 96.79 | 70.25 | 77.95 |
| Revenue growth | +43.3% | +37.8% | -9.9% | - |
| EBITDA | 17.33 | 19.37 | 17.89 | 20.02 |
| EBITDA margin | +12.5% | +20.0% | +25.5% | +25.7% |
| Profit before tax | 7.54 | 13.54 | 14.00 | 16.00 |
| Net profit | 5.15 | 9.63 | 10.20 | 12.37 |
| Net profit margin | +3.7% | +10.0% | +14.5% | +15.9% |
| EPS (₹) | 1.37 | 4.45 | 4.11 | 6.50 |
| Balance sheet | ||||
| Total assets | 154 | 134 | 99.70 | 38.05 |
| Net worth | 90.08 | 86.65 | 75.52 | 24.27 |
| Total debt | 63.24 | 47.31 | 23.99 | 13.62 |
| Cash & bank | 0.08 | 0.02 | 10.07 | 0.09 |
| Net working capital | 31.64 | 34.24 | 39.41 | 14.07 |
| Cash flow | ||||
| Cash from operations | 15.97 | 12.36 | (1.83) | 9.86 |
| Cash from investing | (30.27) | (44.34) | (38.38) | (6.29) |
| Cash from financing | 14.35 | 21.93 | 50.19 | (3.54) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 115 | 88.35 | 70.25 | 77.95 | 51.11 | 24.27 | 24.78 |
| Revenue growth | +29.8% | +25.8% | -9.9% | +52.5% | +110.6% | -2.1% | -5.4% |
| EBITDA | 20.88 | 18.39 | 17.89 | 20.02 | 8.92 | 3.72 | 7.49 |
| EBITDA margin | +18.2% | +20.8% | +25.5% | +25.7% | +17.5% | +15.3% | +30.2% |
| Profit before tax | 13.14 | 13.16 | 14.00 | 16.00 | 4.70 | 0.25 | 3.65 |
| Net profit | 8.34 | 9.06 | 10.20 | 12.37 | 3.73 | 0.21 | 2.66 |
| Net profit margin | +7.3% | +10.3% | +14.5% | +15.9% | +7.3% | +0.9% | +10.7% |
| EPS (₹) | 3.34 | 4.23 | 4.11 | 6.50 | 1.96 | 0.11 | 1.41 |
| Balance sheet | |||||||
| Total assets | 123 | 108 | 99.70 | 38.05 | 27.78 | 26.02 | 22.31 |
| Net worth | 94.44 | 86.09 | 75.52 | 24.27 | 11.92 | 8.18 | 7.97 |
| Total debt | 28.64 | 21.35 | 23.99 | 13.62 | 15.87 | 17.83 | 14.34 |
| Cash & bank | 0.05 | 0.01 | 10.07 | 0.09 | 0.06 | 0.12 | 0.21 |
| Net working capital | 31.80 | 30.03 | 39.89 | 14.07 | 8.68 | 6.55 | 1.30 |
| Cash flow | |||||||
| Cash from operations | 29.73 | 16.02 | (1.86) | 9.86 | 6.20 | (0.30) | 1.25 |
| Cash from investing | (35.66) | (22.19) | (38.35) | (6.29) | (3.62) | (1.23) | (4.99) |
| Cash from financing | 5.96 | (3.90) | 50.19 | (3.54) | (2.64) | 1.45 | 3.80 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 139 | 96.79 | 70.25 | 77.95 |
| Revenue growth | +43.3% | +37.8% | -9.9% | - |
| Other income | 2.65 | 2.08 | 0.36 | 0.40 |
| Total expenses | 121 | 77.42 | 52.36 | 57.93 |
| Employee cost | 3.99 | 1.98 | 1.16 | 1.29 |
| EBITDA | 17.33 | 19.37 | 17.89 | 20.02 |
| EBITDA margin | +12.5% | +20.0% | +25.5% | +25.7% |
| Depreciation | 10.83 | 6.28 | 3.08 | 3.12 |
| Interest | 1.61 | 1.63 | 1.17 | 1.30 |
| Profit before tax | 7.54 | 13.54 | 14.00 | 16.00 |
| Tax | 4.13 | 2.39 | 3.72 | 3.63 |
| Net profit | 5.15 | 9.63 | 10.20 | 12.37 |
| Net profit margin | +3.7% | +10.0% | +14.5% | +15.9% |
| EPS (₹) | 1.37 | 4.45 | 4.11 | 6.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 24.99 | 24.99 | 24.99 | 19.00 |
| Reserves & surplus | 65.09 | 61.66 | 50.53 | 5.27 |
| Shareholders' funds (net worth) | 90.08 | 86.65 | 75.52 | 24.27 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 47.18 | 32.04 | 18.21 | 10.33 |
| Unsecured loans | 16.06 | 15.27 | 5.78 | 3.29 |
| Total debt | 63.24 | 47.31 | 23.99 | 13.62 |
| Total liabilities | 154 | 134 | 99.70 | 38.05 |
| Assets | ||||
| Gross block | 114 | 105 | 51.69 | 44.81 |
| Net block | 67.68 | 69.11 | 22.00 | 17.98 |
| Capital work in progress | 52.11 | 8.54 | 8.12 | 1.87 |
| Investments | 0.00 | 0.02 | 0.00 | 0.00 |
| Inventories | 23.99 | 19.85 | 11.35 | 12.28 |
| Sundry debtors | 7.44 | 8.52 | 7.81 | 5.62 |
| Cash & bank balances | 0.08 | 0.02 | 10.07 | 0.09 |
| Loans & advances | 19.84 | 12.86 | 15.67 | 3.13 |
| Total current assets | 51.35 | 41.25 | 44.90 | 21.12 |
| Total current liabilities | 19.71 | 7.01 | 5.49 | 7.05 |
| Net working capital | 31.64 | 34.24 | 39.41 | 14.07 |
| Total assets | 154 | 134 | 99.70 | 38.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.02 | 10.07 | 0.09 | 0.06 |
| Net cash from operating activities | 15.97 | 12.36 | (1.83) | 9.86 |
| Net cash from investing activities | (30.27) | (44.34) | (38.38) | (6.29) |
| Net cash from financing activities | 14.35 | 21.93 | 50.19 | (3.54) |
| Net change in cash | 0.06 | (10.05) | 9.98 | 0.03 |
| Closing cash | 0.08 | 0.02 | 10.07 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +43.3% | +37.8% | -9.9% | - |
| EBITDA growth | -10.5% | +8.3% | -10.6% | - |
| PBT growth | -44.3% | -3.3% | -12.5% | +9997.0% |
| Net income growth | -46.5% | -5.6% | -17.5% | - |
| Revenue CAGR (3Y) | +21.2% | - | - | - |
| EBITDA CAGR (3Y) | -4.7% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +2.5% | +11.5% | +14.6% | +15.9% |
| Return on capital employed | +10.2% | +13.0% | +22.0% | +45.4% |
| Return on net worth | +5.9% | +13.7% | +20.6% | +50.9% |
| Debt / equity | 0.63 | 0.44 | 0.38 | 0.56 |
| Long-term debt / equity | 0.40 | 0.28 | 0.18 | 0.16 |
| Interest cover | 24.77 | 12.45 | 7.90 | 7.69 |
| Efficiency & per share | ||||
| Fixed asset turnover | 1.27 | 1.24 | 1.46 | 1.74 |
| Inventory turnover | 6.33 | 6.20 | 5.95 | 6.35 |
| Debtors turnover | 17.38 | 11.85 | 10.46 | 13.87 |
| EPS (₹) | 1.37 | 4.45 | 4.11 | 6.50 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.05 | 34.67 | 30.22 | 12.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 115 | 88.35 | 70.25 | 77.95 | 51.11 | 24.27 | 24.78 |
| Revenue growth | +29.8% | +25.8% | -9.9% | +52.5% | +110.6% | -2.1% | -5.4% |
| Other income | 3.44 | 2.08 | 0.36 | 0.40 | 0.03 | 0.02 | 0.02 |
| Total expenses | 93.82 | 69.96 | 52.36 | 57.93 | 42.19 | 20.55 | 17.29 |
| Employee cost | 3.52 | 1.78 | 1.16 | 1.29 | 0.99 | 0.81 | 0.87 |
| EBITDA | 20.88 | 18.39 | 17.89 | 20.02 | 8.92 | 3.72 | 7.49 |
| EBITDA margin | +18.2% | +20.8% | +25.5% | +25.7% | +17.5% | +15.3% | +30.2% |
| Depreciation | 9.83 | 5.81 | 3.08 | 3.12 | 3.04 | 2.97 | 2.92 |
| Interest | 1.35 | 1.50 | 1.17 | 1.30 | 1.21 | 0.52 | 0.94 |
| Profit before tax | 13.14 | 13.16 | 14.00 | 16.00 | 4.70 | 0.25 | 3.65 |
| Tax | 4.79 | 2.57 | 3.72 | 3.63 | 0.96 | 0.04 | 0.99 |
| Net profit | 8.34 | 9.06 | 10.20 | 12.37 | 3.73 | 0.21 | 2.66 |
| Net profit margin | +7.3% | +10.3% | +14.5% | +15.9% | +7.3% | +0.9% | +10.7% |
| EPS (₹) | 3.34 | 4.23 | 4.11 | 6.50 | 1.96 | 0.11 | 1.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 24.99 | 24.99 | 24.99 | 19.00 | 19.00 | 19.00 | 19.00 |
| Reserves & surplus | 69.45 | 61.10 | 50.53 | 5.27 | (7.08) | (10.82) | (11.03) |
| Shareholders' funds (net worth) | 94.44 | 86.09 | 75.52 | 24.27 | 11.92 | 8.18 | 7.97 |
| Secured loans | 17.12 | 8.99 | 18.21 | 10.33 | 5.23 | 5.85 | 2.52 |
| Unsecured loans | 11.52 | 12.36 | 5.78 | 3.29 | 10.64 | 11.98 | 11.82 |
| Total debt | 28.64 | 21.35 | 23.99 | 13.62 | 15.87 | 17.83 | 14.34 |
| Total liabilities | 123 | 108 | 99.70 | 38.05 | 27.78 | 26.02 | 22.31 |
| Assets | |||||||
| Gross block | 101 | 93.21 | 47.59 | 44.81 | 40.38 | 36.24 | 35.00 |
| Net block | 55.58 | 57.81 | 17.90 | 17.98 | 16.67 | 15.57 | 17.30 |
| Capital work in progress | 0.39 | 0.07 | 7.86 | 1.87 | 0.00 | 0.50 | 0.48 |
| Investments | 12.70 | 6.72 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 21.82 | 16.67 | 11.35 | 12.28 | 9.38 | 10.34 | 4.40 |
| Sundry debtors | 7.23 | 7.49 | 7.81 | 5.62 | 4.43 | 2.98 | 2.10 |
| Cash & bank balances | 0.05 | 0.01 | 10.07 | 0.09 | 0.06 | 0.12 | 0.21 |
| Loans & advances | 14.70 | 11.37 | 16.11 | 3.13 | 0.05 | 0.25 | 0.53 |
| Total current assets | 43.80 | 35.54 | 45.34 | 21.12 | 13.92 | 13.69 | 7.24 |
| Total current liabilities | 12.00 | 5.51 | 5.45 | 7.05 | 5.24 | 7.14 | 5.94 |
| Net working capital | 31.80 | 30.03 | 39.89 | 14.07 | 8.68 | 6.55 | 1.30 |
| Total assets | 123 | 108 | 99.70 | 38.05 | 27.78 | 26.02 | 22.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.01 | 10.07 | 0.09 | 0.06 | 0.12 | 0.21 | 0.15 |
| Net cash from operating activities | 29.73 | 16.02 | (1.86) | 9.86 | 6.20 | (0.30) | 1.25 |
| Net cash from investing activities | (35.66) | (22.19) | (38.35) | (6.29) | (3.62) | (1.23) | (4.99) |
| Net cash from financing activities | 5.96 | (3.90) | 50.19 | (3.54) | (2.64) | 1.45 | 3.80 |
| Net change in cash | 0.04 | (10.06) | 9.98 | 0.03 | (0.06) | (0.08) | 0.05 |
| Closing cash | 0.05 | 0.01 | 10.07 | 0.09 | 0.06 | 0.12 | 0.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +29.8% | +25.8% | -9.9% | +52.5% | +110.6% | -2.1% | -5.4% |
| EBITDA growth | +13.5% | +2.8% | -10.6% | +124.4% | +139.8% | -50.3% | +20.4% |
| PBT growth | -0.2% | -6.0% | -12.5% | +240.4% | +1780.0% | -93.2% | +65.9% |
| Net income growth | -8.0% | -11.2% | -17.5% | +231.6% | +1676.2% | -92.1% | +114.5% |
| Revenue CAGR (3Y) | +13.7% | +20.0% | +42.5% | +46.5% | +25.0% | - | - |
| EBITDA CAGR (3Y) | +1.4% | +27.3% | +68.8% | +38.8% | +12.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.3% | +12.0% | +14.6% | +15.9% | +7.3% | +0.9% | +10.7% |
| Return on capital employed | +12.6% | +14.1% | +22.0% | +47.4% | +16.5% | +2.2% | +14.0% |
| Return on net worth | +9.3% | +13.1% | +20.6% | +57.1% | +19.6% | +1.2% | +14.1% |
| Debt / equity | 0.28 | 0.28 | 0.38 | 0.81 | 1.68 | 1.99 | 2.08 |
| Long-term debt / equity | 0.10 | 0.15 | 0.18 | 0.19 | 0.37 | 1.01 | 1.43 |
| Interest cover | 12.22 | 11.92 | 7.90 | 7.69 | 20.58 | 69.33 | 20.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.18 | 1.25 | 1.52 | 1.83 | 1.33 | 0.68 | 0.76 |
| Inventory turnover | 5.96 | 6.31 | 5.95 | 7.20 | 5.18 | 3.29 | 5.39 |
| Debtors turnover | 15.58 | 11.55 | 10.46 | 15.51 | 13.79 | 9.56 | 11.91 |
| EPS (₹) | 3.34 | 4.23 | 4.11 | 6.50 | 1.96 | 0.11 | 1.41 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 37.79 | 34.45 | 30.22 | 12.77 | 6.27 | 4.31 | 4.19 |
To see the full year-wise statements and ratios of Hi-Green Carbon Limited, buy the company report.
Board of directors of Hi-Green Carbon Limited
Hi-Green Carbon has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitkumar Hasmukhrai Bhalodi | Managing Director | 29 Aug 2011 | 15 Years 1 Months | Current |
| Shaileshkumar Vallabhdas Makadia | Director | 15 Oct 2022 | 4 Years 0 Months | Current |
| Parashar Kishorbhai Vyas | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Shaileshbhai Durlabhjibhai Sagpariya Also directs: Shining Tools Limited | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Narendra Kantilal Patel Also directs: Bharat Ash Management LLP, Samio Minerals Private Limited, Greenaer Crete Private Limited and 1 more | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Krupa Dethariya | Director | 14 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Hi-Green Carbon Limited is audited by J C RANPURA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J C RANPURA & CO. | FY 2023 | 108647W] |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 71.90%, foreign institutional investors hold 0.20%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.90% | 71.90% | 71.90% | 71.90% |
| Public | 28.10% | 28.10% | 28.10% | 28.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2024 | 100918325 | Others | ₹30 Cr | Open | |
| 21 Mar 2013 | 10419142 | Others | ₹30.61 Cr | Open | |
| 19 Mar 2013 | 10419139 | Others | ₹30.61 Cr | Open | |
| 09 Dec 2025 | 101215886 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Hi-Green Carbon Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Hi-Green Carbon Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹18.99 Cr; the latest was in September 2023.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | IPO | ₹52.8 Cr | Investors: IPO Shareholders - Hi-Green Carbon Limited, Reasonance Opportunities Fund, NAV Capital VCC - NAV Capital Emerged Star Fund Seller: RNG Finlease Pvt Ltd |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Rng Finlease Private Limited & Amitkumar Hasmukhrai Bhalodi, RNG Finlease Pvt Ltd |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Funding round | ₹8 Cr | Investors: RNG Finlease Pvt Ltd |
| Dec 2012 | Funding round | ₹10.99 Cr | Investors: RNG Finlease Pvt Ltd |
To see the full deal history of Hi-Green Carbon 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
Hi-Green Carbon Limited has 2 court cases on record: 1 filed by Hi-Green Carbon, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by The Deputy Commissioner of Income Tax Circle 1(1) | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Deputy Commissioner of Income Tax , Circle 1( | Disposed |
To see the full case history of Hi-Green Carbon 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-Green Carbon Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 108 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Radhe Renewable Energy Development Private Limited | |||
| Rubix International Private Limited | |||
| Radhe Exim Private Limited |
To see the full MSME payment records of Hi-Green Carbon Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hi-Green Carbon Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Hi-Green Carbon has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAQCS2877J1ZK | Rajasthan | Active | 01 Jul 2017 |
| 27AAQCS2877J1ZK | Maharashtra | Active | 18 Sep 2023 |
To see the full GST registrations and return filing status of Hi-Green Carbon Limited, buy the company report.
Recent activity
Hi-Green Carbon Limited has 15 board changes on record since 2011: 7 appointments and 8 cessations. The latest: Narendra Kantilal Patel was appointed as Director on 01 Apr 2023.
13 earlier events are in the company report.
News
Frequently asked questions
Hi-Green Carbon is an active public limited company based in Lodhika, Gujarat, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 29 August 2011 (15+ years old) and is registered under CIN L45100GJ2011PLC066917. Listed on NSE: HIGREEN.
Hi-Green Carbon reported revenue of ₹138.68 Cr for FY 2025-26 (up 43.3% YoY) based on consolidated financials.
Hi-Green Carbon has 6 current directors:
- Amitkumar Hasmukhrai Bhalodi - Managing Director
- Shaileshkumar Vallabhdas Makadia - Director
- Parashar Kishorbhai Vyas - Director
- Shaileshbhai Durlabhjibhai Sagpariya - Director
- Narendra Kantilal Patel - Director
- Krupa Dethariya - Director
The latest financial statements of Hi-Green Carbon on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Green Carbon is 08AAQCS2877J1ZK, registered in Rajasthan. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAQCS2877J1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Hi-Green Carbon is L45100GJ2011PLC066917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hi-Green Carbon is a listed company as per MCA records. Its shares are listed on NSE (symbol: HIGREEN).
Hi-Green Carbon has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Hi-Green Carbon was incorporated on 29 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hi-Green Carbon has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹18.99 Cr; the latest was in September 2023.
Narendra Kantilal Patel was appointed as Director on 01 Apr 2023. Parashar Kishorbhai Vyas was appointed as Director on 01 Apr 2023. Shaileshbhai Durlabhjibhai Sagpariya was appointed as Director on 01 Apr 2023. Hi-Green Carbon has 15 board changes on record in total.