Hi-Speed Appliances Pvt Ltd
About Hi-Speed Appliances Pvt Ltd
Data last updated:
Hi-Speed Appliances Pvt Ltd was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 16 July 1980.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U29309MH1980PTC022847. Its GSTIN is 27AAACH4500R1ZF (Maharashtra).
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was led by directors including Rajiv Lalit Sangtani (Managing Director) and Lyla Rajiv Sangtani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 5th Floor Aturchambers2A Moledina Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.84 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹9.59 Lakh (net margin -97.5%) and EBITDA of -₹9.59 Lakh (EBITDA margin -97.5%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 42% over five years.
Court records list 1 case involving the company, including 1 filed against it.
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- Registered Address5th Floor Aturchambers2A Moledina Road, Pune, Maharashtra, India – 411001
- IndustryInfrastructure and Utilities, General Construction Services
- 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
The main business activity of Hi-Speed Appliances is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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
Financials of Hi-Speed Appliances Pvt Ltd
FY 2024 filings availableHi-Speed Appliances Pvt Ltd reported revenue of ₹9.84 Lakh (down 95% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 95% fall 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | -₹9.59 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹9.59 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -97.5% | |
| Net Profit Margin | -97.5% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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-Speed Appliances are in the company report.
: available in the company report
Board of Directors of Hi-Speed Appliances Pvt Ltd
Hi-Speed Appliances has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lyla Rajiv Sangtani Also directs: I R Tubes Pvt Ltd | Director | 12 May 2007 | 19 Years 5 Months | As last reported |
| Lalit Atur Sangtani Also directs: Atur India Private Limited, Indumati Properties Pvt Ltd, Baron Resorts Private Limited and 1 more | Director | 25 Mar 2003 | 23 Years 6 Months | As last reported |
| Rajiv Lalit Sangtani | Managing Director | 15 Sep 2005 | 21 Years 1 Months | As last reported |
Auditor Details
Hi-Speed Appliances Pvt Ltd is audited by PANKAJ POKARNA & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PANKAJ POKARNA & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Hi-Speed Appliances Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Hi-Speed Appliances Pvt Ltd has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed against the company by Bajaj Electricals Ltd | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Hi-Speed Appliances.
: available in the company report
Recent Activity
Hi-Speed Appliances Pvt Ltd has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Rajiv Lalit Sangtani ceased to be Director on 25 Nov 2017.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Hi-Speed Appliances has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH4500R1ZF | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Hi-Speed Appliances has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Hi-Speed Appliances was a private limited company based in Pune, Maharashtra, India. The company worked in general construction services, within the infrastructure and utilities industry. It was incorporated on 16 July 1980 and is registered under CIN U29309MH1980PTC022847. The company has been struck off by the Registrar of Companies and is no longer operational.
Hi-Speed Appliances had 3 directors:
- Rajiv Lalit Sangtani - Managing Director
- Lyla Rajiv Sangtani - Director
- Lalit Atur Sangtani - Director
The CIN (Corporate Identification Number) of Hi-Speed Appliances is U29309MH1980PTC022847. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Hi-Speed Appliances is at 5th Floor Aturchambers2A Moledina Road, Pune, Maharashtra, India – 411001.
Hi-Speed Appliances was incorporated on 16 July 1980. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Hi-Speed Appliances on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Speed Appliances is 27AAACH4500R1ZF, registered in Maharashtra.
Hi-Speed Appliances operated in the infrastructure and utilities industry, in the general construction services segment. It worked in this industry before it was struck off.
Hi-Speed Appliances has 1 court case on record: 1 filed against it.