About Hi-Mak Private Limited
Data last updated:
Hi-Mak Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 16 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2011PTC067842. Its GSTIN is 24AACCH8291H1ZG (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.21 Cr. It was formerly known as Hi-Mak Process Controls Private Limited. It is led by directors Bhargav Keyurkumar Vyas (Managing Director) and Himaliben Keyurkumar Vyas.
Its last annual general meeting (AGM) was held on 17 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 308 Blue Diamond Complex Fathegunj, Vadodara, Gujarat, India – 390002.
As per the financials filed for FY 2025, the company reported a revenue of ₹65.83 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.29 Cr (net margin 5%) and EBITDA of ₹5.44 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 22% over five years.
The company has about 74 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hi-Mak. As per MCA filings, the company has open charges of ₹14.14 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3.2 Cr; the latest was in September 2013. Its 10 peer companies in the Engineering industry (Engineering Design) are compared by revenue, 5 larger and 5 smaller; the largest is Magna Steyr India Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website himak.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address308 Blue Diamond Complex Fathegunj, Vadodara, Gujarat, India – 390002
- IndustryEngineering, Engineering Design & Consultancy
- 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 Hi-Mak Private Limited
The main business activity of Hi-Mak is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Hi-Mak Private Limited FY 2025 filings available
Hi-Mak Private Limited reported revenue of ₹65.83 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hi-Mak Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 25% growth in the latest year. EBITDA rose 7% 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-Mak Private 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.29 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-Mak Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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-Mak 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 Hi-Mak Private Limited
Hi-Mak Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Design). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Magna Steyr India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Rwdi Consulting Engineers (India) Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Din Engineering Services LLP | •••• | •••• | •••• | •••• | 421 | New Delhi, Delhi, India |
| William Hare (India) Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Reflexallen India Tubing Private Limited | •••• | •••• | •••• | •••• | - | Saraikela Kharsawan, Jharkhand, India |
| Hi-Mak Private Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Mudrika Energy and Telecom Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Three S Engineering Services Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Arteras Engineering Services Private Limited | •••• | •••• | •••• | •••• | 401 | Hyderabad, Telangana, India |
| Iav Engineering & Construction Services Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Shreeji Epc Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hi-Mak by revenue in the Engineering industry (Engineering Design), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hi-Mak Private Limited
Hi-Mak Private Limited is audited by CNK & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CNK & Associates LLP | 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 Hi-Mak Private Limited
Hi-Mak has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhargav Keyurkumar Vyas Also directs: Mahiman Infotech Private Limited, Ampx Motors Private Limited | Managing Director | 27 Jul 2016 | 10 Years 2 Months | Current |
| Himaliben Keyurkumar Vyas | Director | 16 Nov 2011 | 14 Years 10 Months | Current |
Ownership and Shareholding of Hi-Mak Private 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 Hi-Mak Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jul 2023 | Others | ₹13.66 Lakh | Open |
| 29 May 2013 | Others | ₹14 Cr | Open |
Total charge records: 2 View all charges
Deals & Funding of Hi-Mak Private Limited
Hi-Mak Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3.2 Cr; the latest was in September 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2013 | Funding round | ₹3.2 Cr | Investors: 2 individuals |
Full deal history
All 1 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 Hi-Mak Private Limited
Hi-Mak Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed against the company by Dhanamjai Nidhi Limited | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
Full case history
All 3 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.
Employees and EPFO Compliance at Hi-Mak Private Limited
Hi-Mak Private Limited has a workforce of 74 employees as of Apr 08, 2024.
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.
Recent Activity on Hi-Mak Private Limited
Hi-Mak Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Bhargav Keyurkumar Vyas was appointed as Managing Director on 27 Jul 2016.
Credit Ratings, Litigation & Regulatory Alerts for Hi-Mak Private 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.
MSME Payment Delays by Hi-Mak Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hi-Mak Private 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 Hi-Mak Private Limited
Hi-Mak has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH8291H1ZG | Gujarat | 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 Hi-Mak Private 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 Hi-Mak Private Limited
Hi-Mak is an active private limited company based in Vadodara, Gujarat, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 16 November 2011 (15+ years old) and is registered under CIN U29100GJ2011PTC067842.
Hi-Mak reported revenue of ₹65.83 Cr for FY 2025 (up 25% YoY).
Hi-Mak has 2 current directors:
- Bhargav Keyurkumar Vyas - Managing Director
- Himaliben Keyurkumar Vyas - Director
Hi-Mak reported a net profit of ₹3.29 Cr (net margin 5%) and EBITDA of ₹5.44 Cr (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hi-Mak is 19% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hi-Mak is 24AACCH8291H1ZG, registered in Gujarat. 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 Hi-Mak is U29100GJ2011PTC067842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Mak has 3 court cases on record: 3 filed against it. 1 is pending.
Hi-Mak was incorporated on 16 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hi-Mak has 1 deal on record (1 funding round), with disclosed funding of ₹3.2 Cr; the latest was in September 2013.
The peers of Hi-Mak by revenue are Magna Steyr India Private Limited, Rwdi Consulting Engineers (India) Private Limited, Din Engineering Services LLP, William Hare (India) Private Limited, Reflexallen India Tubing Private Limited and 5 more, all in the Engineering industry (Engineering Design).