MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-29-0006315
Hipl India Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.87 Cr
▲ 42% YoY
Net profit · FY 2025
₹7.04 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹1.51 Cr
EBITDA margin 7.2%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹7.65 Cr
Issued & subscribed
Open charges
₹1.75 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
28
Provident fund records
About Hipl India Private Limited
Data last updated:
Hipl India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Hotset Gmbh. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 19 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2014FTC083062. Its GSTIN is 29AADCH4720L1ZE (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹7.65 Cr. It is led by directors Raghavendra Ramarao (Whole-Time Director) and Daniel Philipp Honsel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.87 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹7.04 Lakh (net margin 0.3%) and EBITDA of ₹1.51 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 24% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.75 Cr on record.
Hipl India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-29-0006315). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hotset.com.
Company Details of Hipl India Private Limited
CIN U29253KA2014FTC083062
Registration Number 083062
Incorporation Date 19 September 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Hotset Gmbh
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-29-0006315
CIN History of Hipl India Private Limited
Hipl India has one previous CIN (Corporate Identification Number): U29253PN2014FTC152611. The current CIN is U29253KA2014FTC083062, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29253KA2014FTC083062 | Current |
| U29253PN2014FTC152611 | Previous |
Recognitions & Rankings of Hipl India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 2145 / 866 Toyota Kirloskar Motor Company Road Banandhur Medanahalli Village Bidadi, Ramanagar, Bangalore, Karnataka, India – 562109
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
Comprehensive company report
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Business Activity of Hipl India Private Limited
The main business activity of Hipl India 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
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Financials of Hipl India Private Limited FY 2025 filings available
Hipl India Private Limited reported revenue of ₹20.87 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹20.87 Cr ▲ 42%
Net profit · FY 2025
₹7.04 Lakh margin 0.3%
EBITDA · FY 2025
₹1.51 Cr margin 7.2%
Compounded Annual Growth Rate (CAGR) of Hipl India Private Limited
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 18%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 6%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 42% growth in the latest year. EBITDA rose 60% 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 Hipl India 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 | ₹1.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.04 Lakh | •••• | •••• | •••• | •••• |
| 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 Hipl India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 Hipl India 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 Hipl India Private Limited
Hipl India has 2 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 |
|---|---|---|---|---|
| Raghavendra Ramarao Also directs: Havara Technologies Private Limited | Whole-Time Director | 19 Sep 2014 | 12 Years 1 Months | Current |
| Daniel Philipp Honsel | Additional Director | 07 Mar 2025 | 1 Years 7 Months | Current |
Peer Comparison of Hipl India Private Limited
Hipl India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Cables and Wires, Electronic Appliances Manufacturing, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishwa CNC Technologies Private Limited | ₹20.98 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Pune, Maharashtra, India |
| A.S.Tradetech Private Limited | ₹20.93 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Menar Auto Components Pvt Ltd | ₹20.9 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Pune, Maharashtra, India |
| Gem Electro Mechanicals Pvt Ltd | ₹20.89 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Jaipur, Rajasthan, India |
| Alw Lighting (India) Private Limited | ₹20.88 Cr (FY 2025) | •••• | •••• | 126.0% | •••• | Ludhiana, Punjab, India |
| Hipl India Private Limited this company | ₹20.87 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Syska Miterr Private Limited | ₹20.87 Cr (FY 2022) | •••• | •••• | -56.0% | •••• | Amritsar, Punjab, India |
| B M Techno Machines Private Limited | ₹20.83 Cr (FY 2023) | •••• | •••• | -11.0% | •••• | Chittorgarh, Rajasthan, India |
| Abirami Electronics Private Limited | ₹20.8 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Coimbatore, Tamil Nadu, India |
| S P A Exim Private Limited | ₹20.79 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Precomp Tools Pvt Ltd | ₹20.77 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hipl India by revenue in the Machinery and Equipment industry (Cables and Wires, Electronic Appliances Manufacturing, Tools and Components), 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 Hipl India Private Limited
Hipl India Private Limited is audited by PSRS & Co for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PSRS & Co | 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 Hipl India Private Limited
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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 Hipl India Private Limited
Open charges
₹1.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jul 2025 | Hdfc Bank Limited | ₹30.36 Lakh | Open |
| 06 Nov 2024 | Hdfc Bank Limited | ₹1.45 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Hipl India Private Limited
Hipl India Private Limited has a workforce of 28 employees as of Feb 18, 2025.
Employee count
28
Active EPFO establishments
1
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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 Hipl India Private Limited
Hipl India Private Limited has 7 board changes on record since 2014: 4 appointments and 3 cessations. The latest: Daniel Philipp Honsel was appointed as Additional Director on 07 Mar 2025.
AGM
Hipl India Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 101153464 was registered on 24 Jul 2025.
Filing
Hipl India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Daniel Philipp Honsel was appointed as Additional Director.
Ceased
Geert Jan Caes ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.45 Cr with Charge ID 101018014 was registered on 06 Nov 2024.
Ceased
Raghavendra Ramarao ceased to be Director.
Appointed
Geert Jan Caes was appointed as Director.
Ceased
Wolf Dietrich Wiechel ceased to be Director.
Appointed
Raghavendra Ramarao was appointed as Whole-Time Director.
Appointed
Ralf Michael Schwarzkopf was appointed as Director.
Incorporation
19 Sep 2014
Hipl India Private Limited was registered on 19 Sep 2014 with Roc Bangalore & aged 12 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Hipl India Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Hipl India Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Hipl India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Hipl India Private Limited
Hipl India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH4720L1ZE | Karnataka | 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 Hipl India Private Limited
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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 Hipl India Private Limited
Hipl India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 19 September 2014 (12+ years old) and is registered under CIN U29253KA2014FTC083062.
Hipl India reported revenue of ₹20.87 Cr for FY 2025 (up 42% YoY).
Hipl India has 2 current directors:
- Raghavendra Ramarao - Whole-Time Director
- Daniel Philipp Honsel - Additional Director
Hipl India reported a net profit of ₹7.04 Lakh (net margin 0.3%) and EBITDA of ₹1.51 Cr (EBITDA margin 7.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hipl India is 18% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hipl India is 29AADCH4720L1ZE, registered in Karnataka. 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 Hipl India is U29253KA2014FTC083062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hipl India was incorporated on 19 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hipl India by revenue are Vishwa CNC Technologies Private Limited, A.S.Tradetech Private Limited, Menar Auto Components Pvt Ltd, Gem Electro Mechanicals Pvt Ltd, Alw Lighting (India) Private Limited and 5 more, all in the Machinery and Equipment industry (Cables and Wires, Electronic Appliances Manufacturing, Tools and Components).
Daniel Philipp Honsel was appointed as Additional Director on 07 Mar 2025. Geert Jan Caes ceased to be Director on 07 Mar 2025. Raghavendra Ramarao ceased to be Director on 17 Sep 2020. Hipl India has 7 board changes on record in total.
Yes, Hipl India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-29-0006315).