MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0170752
Hi-Rel Tech Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.85 Cr
▲ 29% YoY
Net profit · FY 2025
₹85.2 Lakh
Net margin 3.4%
EBITDA · FY 2025
₹3.23 Cr
EBITDA margin 13%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹17.57 Cr
Satisfied ₹6.32 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
89
Provident fund records
About Hi-Rel Tech Private Limited
Data last updated:
Hi-Rel Tech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 27 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U23548KA1998PTC023548. Its GSTIN is 29AAACH9824Q1ZS (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Shyamala Nair Areth and Kelath Govindankutty Nair.
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 No: 409 1st Floor 4th Main Road Amarjyothi Layout Domlur, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.85 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹85.2 Lakh (net margin 3.4%) and EBITDA of ₹3.23 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 33% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hi-Rel Tech. As per MCA filings, the company has open charges of ₹17.57 Cr and satisfied charges of ₹6.32 Cr on record.
Hi-Rel Tech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0170752). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hi-reltech.in.
Company details
CIN U23548KA1998PTC023548
Registration Number 023548
Incorporation Date 27 March 1998
ROC Bangalore
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-KR-03-0170752
Key People
Shyamala Nair Areth Director Kelath Govindankutty Nair Director Puthan Veetil Mavila Rajeesh Director Recognitions & Rankings of Hi-Rel Tech
Contact details
Hi-Rel Tech Private Limited's registered office is in Bangalore, Karnataka. Its website is hi-reltech.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo: 409 1st Floor 4th Main Road Amarjyothi Layout Domlur, Bangalore, Karnataka, India – 560071
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Hi-Rel Tech Private Limited, buy the company report.
Comprehensive company report
Hi-Rel Tech Private Limited - one report that includes everything
- 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
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Brands
Hi-Rel Tech operates one associated brand: Hi-Rel Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronics manufacturing services including design, supply chain, PCBA, and box building in India. | hi-reltech.in |
Business activity
The main business activity of Hi-Rel Tech 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 Hi-Rel Tech Private Limited, buy the company report.
Financials of Hi-Rel Tech Private Limited
FY 2025 filings availableHi-Rel Tech Private Limited reported revenue of ₹24.85 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹24.85 Cr ▲ 29%
Net profit · FY 2025
₹85.2 Lakh margin 3.4%
EBITDA · FY 2025
₹3.23 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 45%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 74%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 29% growth in the latest year. EBITDA rose 30% 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
| 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 | ₹24.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85.2 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 Hi-Rel Tech Private Limited, buy the company report.
Board of directors of Hi-Rel Tech Private Limited
Hi-Rel Tech has 6 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyamala Nair Areth Also directs: Connekt Electronics Private Limited | Director | 27 Mar 1998 | 28 Years 7 Months | Current |
| Kelath Govindankutty Nair Also directs: Connekt Electronics Private Limited, Iaem India Private Limited | Director | 27 Mar 1998 | 28 Years 7 Months | Current |
| Puthan Veetil Mavila Rajeesh Also directs: Connekt Electronics Private Limited | Director | 19 Jan 2018 | 8 Years 9 Months | Current |
| Lekshmi Remadevi | Director | 19 Jan 2018 | 8 Years 9 Months | Current |
| Roopesh Puthiya Purayil | Director | 24 Dec 2018 | 7 Years 10 Months | Current |
| Radhika Nair | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Hi-Rel Tech Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hi-Rel Tech Private Limitedthis company | ₹24.85 Cr (FY 2025) | ₹85.2 Lakh | 3.4% | 29.0% | 89 | Bangalore, Karnataka, India |
| Unitech Technocrats Private Limited | ₹19.19 Cr (FY 2024) | 49.0% | Vadodara, Gujarat, India | |||
| BS Technotronics Private Limited | ₹19.05 Cr (FY 2025) | 86.0% | Hyderabad, Telangana, India | |||
| Stellent Systems Private Limited | ₹18.96 Cr (FY 2025) | 37.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Hi-Rel Tech Private Limited, buy the company report.
Auditor
Hi-Rel Tech Private Limited is audited by T P M G & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T P M G & ASSOCIATES | FY 2023 | 016301S |
Shareholding
The shareholding of Hi-Rel Tech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hi-Rel Tech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.57 Cr
Satisfied charges
₹6.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2025 | 101190786 | Axis Bank Limited | ₹6 Cr | Open | |
| 22 Apr 2025 | 101093016 | Sidbi | ₹7.12 Cr | Open | |
| 29 Dec 2023 | 100836967 | Others | ₹4.27 Cr | Open | |
| 19 Oct 2023 | 100891335 | Hdfc Bank Limited | ₹17.51 Lakh | Open | |
| 21 Nov 2022 | 100648962 | Indian Overseas Bank | ₹44 Lakh | Satisfied |
To see the full charge records of Hi-Rel Tech Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Hi-Rel Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hi-Rel Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hi-Rel Tech Private Limited has a workforce of 89 employees on its EPFO records as of May 04, 2024, across 1 active EPFO establishment.
Employee count
89
Active EPFO establishments
1
Employee growth
14.1%
GST
Hi-Rel Tech has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACH9824Q1ZS | Karnataka | Active | 01 Jul 2017 |
| 33AAACH9824Q1Z3 | Tamil Nadu | Active | 28 Feb 2018 |
To see the full GST registrations and return filing status of Hi-Rel Tech Private Limited, buy the company report.
Recent activity
Hi-Rel Tech Private Limited has 6 board changes on record since 1998: 6 appointments. The latest: Radhika Nair was appointed as Director on 11 Mar 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 600.00 Lakh with Charge ID 101190786 was registered on 06 Nov 2025.
AGM
Hi-Rel Tech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 711.92 Lakh with Charge ID 101093016 was registered on 22 Apr 2025.
Filing
Hi-Rel Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 07 Jun 2019 via Charge ID 100276359 with Others was fully satisfied on 12 Jan 2024.
Charges
A charge with Others amounted to Rs. 427.14 Lakh with Charge ID 100836967 was registered on 29 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.51 Lakh with Charge ID 100891335 was registered on 19 Oct 2023.
Charges
A charge registered on 21 Nov 2022 via Charge ID 100648962 with Indian Overseas Bank was fully satisfied on 10 Apr 2023.
Charges
A charge with Others of Rs. 588.00 Lakh registered on 07 Jun 2019 with Charge ID 100276359 was modified on 05 Apr 2023.
Charges
A charge with Indian Overseas Bank amounted to Rs. 44.00 Lakh with Charge ID 100648962 was registered on 21 Nov 2022.
Charges
A charge with Others amounted to Rs. 588.00 Lakh with Charge ID 100276359 was registered on 07 Jun 2019.
Appointed
Radhika Nair was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Hi-Rel Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 27 March 1998 (28+ years old) and is registered under CIN U23548KA1998PTC023548.
Hi-Rel Tech has 6 current directors:
- Shyamala Nair Areth - Director
- Kelath Govindankutty Nair - Director
- Puthan Veetil Mavila Rajeesh - Director
- Lekshmi Remadevi - Director
- Roopesh Puthiya Purayil - Director
- Radhika Nair - Director
The latest financial statements of Hi-Rel Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Rel Tech is 29AAACH9824Q1ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACH9824Q1Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of Hi-Rel Tech is U23548KA1998PTC023548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Rel Tech was incorporated on 27 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hi-Rel Tech by revenue are Unitech Technocrats Private Limited, BS Technotronics Private Limited, Stellent Systems Private Limited, all in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Radhika Nair was appointed as Director on 11 Mar 2019. Roopesh Puthiya Purayil was appointed as Director on 24 Dec 2018. Lekshmi Remadevi was appointed as Director on 19 Jan 2018. Hi-Rel Tech has 6 board changes on record in total.
Yes, Hi-Rel Tech is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0170752).
Hi-Rel Tech can be reached through the website hi-reltech.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hi-Rel Tech is at No: 409 1st Floor 4th Main Road Amarjyothi Layout Domlur, Bangalore, Karnataka, India – 560071.
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