MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0029572
Hi-Life Machine Tools Ltd - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹25.71 Cr
▲ 16% YoY
Net profit · FY 2024
₹6.29 Cr
Net margin 24.5%
EBITDA · FY 2024
₹8.35 Cr
EBITDA margin 32.5%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹12.5 Lakh
Issued & subscribed
Open charges
₹42.75 Lakh
Satisfied ₹26 Lakh
Company age
42 yrs
Est. 1984
Employees · EPFO
46
Provident fund records
About Hi-Life Machine Tools Ltd
Data last updated:
Hi-Life Machine Tools Ltd is a public limited company based in Ahmedabad, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 19 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26941GJ1984PLC007503. Its GSTIN is 24AAACH2865H1ZQ (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.5 Lakh. It was formerly known as Hi-Life Machine Tools Pvt Ltd. It is led by directors including Kinjal Ashokbhai Shah (Whole-Time Director) and Ankit Ashokbhai Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at I.T.I. Road P.O. Kubernagar Naroda (W), Ahmedabad, Gujarat, India – 382340.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.71 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹6.29 Cr (net margin 24.5%) and EBITDA of ₹8.35 Cr (EBITDA margin 32.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 4% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HI-Life Machine Tools Limited. As per MCA filings, the company has open charges of ₹42.75 Lakh and satisfied charges of ₹26 Lakh on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it.
Hi-Life Machine Tools Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0029572). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hilifegroup.com.
Company Details of Hi-Life Machine Tools Ltd
CIN U26941GJ1984PLC007503
Registration Number 007503
Incorporation Date 19 December 1984
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0029572
CIN History of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools has one previous CIN (Corporate Identification Number): U26941GJ1984PTC007503. The current CIN is U26941GJ1984PLC007503, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26941GJ1984PLC007503 | Current |
| U26941GJ1984PTC007503 | Previous |
Key People
Kinjal Ashokbhai Shah Whole-Time Director Ankit Ashokbhai Shah Whole-Time Director Ashok Nagindas Shah Whole-Time Director Recognitions & Rankings of Hi-Life Machine Tools
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressI.T.I. Road P.O. Kubernagar Naroda (W), Ahmedabad, Gujarat, India – 382340
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
Comprehensive company report
Hi-Life Machine Tools Ltd - one report that includes everything
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- Historical financials and ratios
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- Legal cases, compliance and MCA filings
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Associated Brands with Hi-Life Machine Tools Ltd
Hi-Life Machine Tools operates one associated brand: HI-Life Machine Tools Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of grinding machines. | hilifegroup.com |
Business Activity of Hi-Life Machine Tools Ltd
The main business activity of Hi-Life Machine Tools is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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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 Hi-Life Machine Tools Ltd FY 2025 filings available
Hi-Life Machine Tools Ltd reported revenue of ₹25.71 Cr (up 16% YoY) for FY 2024.
Revenue · FY 2024
₹25.71 Cr ▲ 16%
Net profit · FY 2024
₹6.29 Cr margin 24.5%
EBITDA · FY 2024
₹8.35 Cr margin 32.5%
Compounded Annual Growth Rate (CAGR) of Hi-Life Machine Tools Ltd
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 29%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 43%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 16% growth in the latest year. EBITDA rose 21% 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 Hi-Life Machine Tools Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.29 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 Hi-Life Machine Tools Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 24.5% | •••• | •••• | •••• | •••• |
| 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 Hi-Life Machine Tools are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools has 3 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 |
|---|---|---|---|---|
| Kinjal Ashokbhai Shah Also directs: Talaya Properties LLP | Whole-Time Director | 25 Aug 2005 | 21 Years 1 Months | Current |
| Ankit Ashokbhai Shah Also directs: Talaya Properties LLP | Whole-Time Director | 01 Apr 1999 | 27 Years 6 Months | Current |
| Ashok Nagindas Shah | Whole-Time Director | 19 Dec 1984 | 41 Years 10 Months | Current |
Peer Comparison of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools, Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Welltec Oilfield Solutions (India) Private Limited | ₹25.92 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Thane, Maharashtra, India |
| Rajhans Plastic Machinery Private Limited | ₹25.82 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Sukhras Machines Private Limited | ₹25.81 Cr (FY 2024) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Tekna Manufacturing Private Limited | ₹25.8 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Chennai, Tamil Nadu, India |
| F Harley & Company Pvt Ltd | ₹25.78 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Hi-Life Machine Tools Ltd this company | ₹25.71 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Ahmedabad, Gujarat, India |
| Pratishna Engineers Limited | ₹25.66 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Mumbai, Maharashtra, India |
| Lipi Marketing Private Limited | ₹25.65 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mylapore - Triplicane, Tamil Nadu, India |
| Rotofilt Engineers Llimited | ₹25.58 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Ashoka Rolls Manufacturers Private Limited | ₹25.57 Cr (FY 2022) | •••• | •••• | 16.0% | •••• | Delhi, India |
| A R Gears Private Ltd. | ₹25.53 Cr (FY 2025) | •••• | •••• | 183.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Hi-Life Machine Tools by revenue in the Machinery and Equipment industry (Machine Tools, Process Machinery), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd is audited by KRUTESH PATEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRUTESH PATEL & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Hi-Life Machine Tools Ltd
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hi-Life Machine Tools Ltd
Open charges
₹42.75 Lakh
Satisfied charges
₹26 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2021 | Axis Bank Limited | ₹42.75 Lakh | Open |
| 05 Jul 2011 | Allahabad Bank | ₹22 Lakh | Satisfied |
| 08 Jan 1994 | Central Bank of India | ₹4 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd has 11 court cases on record: 8 filed by Hi-Life Machine Tools, 3 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Total cases
11
Filed by the company
8
Filed against the company
3
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 3 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed by the company against Solid Carbide Tools Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Solid Carbide Tools Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Disposed |
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Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mansi Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Acumac Machine Tools Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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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 Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd has a workforce of 46 employees as of Sep 23, 2025.
Employee count
46
Active EPFO establishments
1
Employee growth
-6.12%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hi-Life Machine Tools Ltd
Hi-Life Machine Tools Ltd has 7 board changes on record since 1984: 3 appointments and 4 cessations. The latest: Ankit Ashokbhai Shah ceased to be Director on 01 Apr 2020.
AGM
Hi-Life Machine Tools Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hi-Life Machine Tools Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 42.75 Lakh with Charge ID 100526038 was registered on 30 Dec 2021.
Ceased
Ankit Ashokbhai Shah ceased to be Director.
Ceased
Ashok Nagindas Shah ceased to be Director.
Ceased
Kinjal Ashokbhai Shah ceased to be Director.
Charges
A charge registered on 08 Jan 1994 via Charge ID 90109084 with Central Bank Of India was fully satisfied on 07 Feb 2019.
Charges
A charge registered on 05 Jul 2011 via Charge ID 10298739 with Allahabad Bank was fully satisfied on 14 Dec 2018.
Charges
A charge with Allahabad Bank amounted to Rs. 22.00 Lakh with Charge ID 10298739 was registered on 05 Jul 2011.
Ceased
Premchand Somchand Shah ceased to be Director.
Appointed
Kinjal Ashokbhai Shah was appointed as Whole-Time Director.
Appointed
Ankit Ashokbhai Shah was appointed as Whole-Time Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hi-Life Machine Tools Ltd
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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Subsidiaries & Group Companies of Hi-Life Machine Tools Ltd
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Hi-Life Machine Tools Ltd
Hi-Life Machine Tools has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH2865H1ZQ | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Hi-Life Machine Tools Ltd
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Hi-Life Machine Tools Ltd
Hi-Life Machine Tools is an active public limited company based in Ahmedabad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 19 December 1984 (42+ years old) and is registered under CIN U26941GJ1984PLC007503.
Hi-Life Machine Tools reported revenue of ₹25.71 Cr for FY 2024 (up 16% YoY).
Hi-Life Machine Tools has 3 current directors:
- Kinjal Ashokbhai Shah - Whole-Time Director
- Ankit Ashokbhai Shah - Whole-Time Director
- Ashok Nagindas Shah - Whole-Time Director
Hi-Life Machine Tools reported a net profit of ₹6.29 Cr (net margin 24.5%) and EBITDA of ₹8.35 Cr (EBITDA margin 32.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hi-Life Machine Tools is 29% over three years and 4% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hi-Life Machine Tools is 24AAACH2865H1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Hi-Life Machine Tools is U26941GJ1984PLC007503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Life Machine Tools has 11 court cases on record: 8 filed by the company and 3 filed against it. Most are in the district courts.
Hi-Life Machine Tools was incorporated on 19 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hi-Life Machine Tools by revenue are Welltec Oilfield Solutions (India) Private Limited, Rajhans Plastic Machinery Private Limited, Sukhras Machines Private Limited, Tekna Manufacturing Private Limited, F Harley & Company Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Machine Tools, Process Machinery).
Ankit Ashokbhai Shah ceased to be Director on 01 Apr 2020. Ashok Nagindas Shah ceased to be Director on 01 Apr 2020. Kinjal Ashokbhai Shah ceased to be Director on 01 Apr 2020. Hi-Life Machine Tools has 7 board changes on record in total.
Yes, Hi-Life Machine Tools is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0029572).