About Hipad Technology India Private Limited
Data last updated:
Hipad Technology India Private Limited is a foreign private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Hipad Intelligent Technology Co., Ltd. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 24 August 2016.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U32109UP2016FTC085883. Its GSTIN is 06AADCH9558C1ZJ (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹100 Cr. It is led by directors including Dinesh Chandra Semwal and Libo Li.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No 154 C Block A Sector 63, Noida, Uttar Pradesh, India – 201307.
As per the financials filed for FY 2019, the company reported a revenue of ₹2,151.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.21 Cr (net margin -0.5%) and EBITDA of ₹14.96 Cr (EBITDA margin 0.7%).
The company has about 318 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.05 Cr on record. Court records list 8 cases involving the company, including 8 filed against it. The company has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹71.87 Cr; the latest was in March 2019.
The last known website on record is hipad.com.
Company details
Contact details
Hipad Technology India Private Limited's registered office is in Noida, Uttar Pradesh. Its website is hipad.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No 154 C Block A Sector 63, Noida, Uttar Pradesh, India – 201307
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Hipad Technology India Private 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
Business activity
The main business activity of Hipad Technology India is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Hipad Technology India Private Limited, buy the company report.
Financials of Hipad Technology India Private Limited
FY 2019 filings availableHipad Technology India Private Limited reported revenue of ₹2,151.75 Cr (up 377% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 377% in the latest year. EBITDA rose 150% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2,151.75 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹14.96 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹10.21 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.7% | ||
| Net Profit Margin | -0.5% | ||
| 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 | |||
To see the full financial statements and ratios of Hipad Technology India Private Limited, buy the company report.
Board of directors of Hipad Technology India Private Limited
Hipad Technology India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Chandra Semwal | Director | 17 Dec 2018 | 7 Years 10 Months | As last reported |
| Libo Li | Director | 30 Sep 2019 | 7 Years 1 Months | As last reported |
| Qiusheng Zhang | Director | 15 Nov 2017 | 8 Years 11 Months | As last reported |
Auditor
Hipad Technology India Private Limited is audited by A. A. R. K. & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. A. R. K. & CO. LLP | FY 2019 | 016641N/N500046 |
Shareholding
The shareholding of Hipad Technology India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hipad Technology India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2018 | 100202074 | Others | ₹40 Cr | Open | |
| 07 Sep 2017 | 100122591 | Others | ₹1.05 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Hipad Technology India Private Limited has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹71.87 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Hipad Intelligent Technology Co.Limited Seller: Shenzhen Hipad Telecommunication Technology Company Limited, Shenzhen Hipad Telecommunication Technology Company Limited & Xiuchun Wang |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Shenzhen Hipad Telecommunication Technology Company Limited Seller: Shenzhen Hipad Telecommunication Technology Company Limited & Xiuchun Wang |
| Mar 2018 | Funding round | ₹25.95 Cr | Investors: Shenzhen Hipad Telecommunication Technology Company Limited |
| Feb 2018 | Funding round | ₹11.52 Cr | Investors: Shenzhen Hipad Telecommunication Technology Company Limited |
| Feb 2018 | Funding round | ₹5.56 Cr | Investors: Shenzhen Hipad Telecommunication Technology Company Limited, Shenzhen Hipad Telecommunication Technology Company Limited & Xiuchun Wang |
To see the full deal history of Hipad Technology India Private 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
Hipad Technology India Private Limited has 8 court cases on record: 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 5 | 0 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Oppo Mobiles India Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Oppo Mobiles India Private Limited | Disposed |
| NCLT, Allahabad | Insolvency matter | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed against the company by an individual | Disposed |
To see the full case history of Hipad Technology India 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
No delayed payments to MSME suppliers are on our record for Hipad Technology India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hipad Technology India Private Limited has a workforce of 318 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Hipad Technology India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCH9558C1ZJ | Haryana | Active | 24 Mar 2021 |
To see the full GST registrations and return filing status of Hipad Technology India Private Limited, buy the company report.
Recent activity
Hipad Technology India Private Limited has 9 board changes on record since 2017: 3 appointments and 6 cessations. The latest: Dinesh Chandra Semwal ceased to be Director on 29 Nov 2019.
2 earlier events are in the company report.
Frequently asked questions
Hipad Technology India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Hipad Technology India is a company under liquidation, formerly operating as a foreign private limited company based in Noida, Uttar Pradesh, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 24 August 2016 and is registered under CIN U32109UP2016FTC085883. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hipad Technology India has 3 current directors:
- Dinesh Chandra Semwal - Director
- Libo Li - Director
- Qiusheng Zhang - Director
The latest financial statements of Hipad Technology India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Hipad Technology India is U32109UP2016FTC085883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hipad Technology India has open charges of ₹41.05 Cr and no satisfied charges on record as per latest MCA filings.
Hipad Technology India has 8 court cases on record: 8 filed against it. Most are in the nclat.
Hipad Technology India was incorporated on 24 August 2016. It is registered with the Registrar of Companies, Kanpur.
Hipad Technology India has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹71.87 Cr; the latest was in March 2019.
Dinesh Chandra Semwal ceased to be Director on 29 Nov 2019. Libo Li ceased to be Director on 29 Nov 2019. Qiusheng Zhang ceased to be Director on 29 Nov 2019. Hipad Technology India has 9 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
