MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0004815
Hi-Speed Machining India Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.9 Cr
▼ 9% YoY
Net profit · FY 2024
₹20.39 Lakh
Net margin 3%
EBITDA · FY 2024
₹75.61 Lakh
EBITDA margin 11%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹35.57 Lakh
Issued & subscribed
Open charges
₹3.33 Cr
Satisfied ₹12.16 Cr
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
About Hi-Speed Machining India Private Limited
Data last updated:
Hi-Speed Machining India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 03 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51103KA2003PTC032494. Its GSTIN is 29AABCH3153K1ZH (Karnataka).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35.57 Lakh. It was formerly known as Hi-Speed Machining India Limited. It is led by directors Notakar Shivashankar Mahadeshwara (Managing Director) and Mahadeshwar Rachana.
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 is at A – 152 2nd 'C' Main Road 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.9 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹20.39 Lakh (net margin 3%) and EBITDA of ₹75.61 Lakh (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹3.33 Cr and satisfied charges of ₹12.16 Cr on record.
Hi-Speed Machining India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0004815). 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-speed.in.
Company Details of Hi-Speed Machining India Private Limited
CIN U51103KA2003PTC032494
Registration Number 032494
Incorporation Date 03 September 2003
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-02-0004815
Recognitions & Rankings of Hi-Speed Machining India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA – 152 2nd 'C' Main Road 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Machine Tools
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Business Activity of Hi-Speed Machining India Private Limited
The main business activity of Hi-Speed Machining India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Hi-Speed Machining India Private Limited FY 2024 filings available
Hi-Speed Machining India Private Limited reported revenue of ₹6.9 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹6.9 Cr ▼ 9%
Net profit · FY 2024
₹20.39 Lakh margin 3%
EBITDA · FY 2024
₹75.61 Lakh margin 11%
Compounded Annual Growth Rate (CAGR) of Hi-Speed Machining India Private Limited
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 3%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 15%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 9% fall in the latest year. EBITDA fell 19% 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-Speed Machining India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹75.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.39 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 Hi-Speed Machining India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 Hi-Speed Machining India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Hi-Speed Machining India Private Limited
Hi-Speed Machining India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Notakar Shivashankar Mahadeshwara | Managing Director | 03 Sep 2003 | 23 Years 1 Months | Current |
| Mahadeshwar Rachana | Director | 01 Oct 2007 | 19 Years 0 Months | Current |
Peer Comparison of Hi-Speed Machining India Private Limited
Hi-Speed Machining India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hifin Saws and Tools Private Limited | ₹7.07 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Mumbai, Maharashtra, India |
| Amess Controls Private Limited | ₹7.06 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Nishant Oxygen Private Limited | ₹7.03 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Delhi, India |
| Bubble Tools Private Limited | ₹6.98 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Jalandhar, Punjab, India |
| Unity Gauge and Tool Co Pvt Ltd | ₹6.97 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Hi-Speed Machining India Private Limited this company | ₹6.9 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Acumac Machine Tools Private Limited | ₹6.9 Cr (FY 2024) | •••• | •••• | 84.0% | •••• | Bangalore, Karnataka, India |
| Zagro Premier Rail Solutions Private Limited | ₹6.88 Cr (FY 2025) | •••• | •••• | -61.0% | •••• | Kolkata, West Bengal, India |
| Sriniwasa Metalloys Private Limited | ₹6.75 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Kolhapur, Maharashtra, India |
| Eastern Automotive Machine Tools Private Limited | ₹6.62 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Singhbhum Machino Metal Private Limited | ₹6.55 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Jamshedpur, Jharkhand, India |
Peers are the five companies nearest above and the five nearest below Hi-Speed Machining India by revenue in the Machinery and Equipment industry (Machine Tools), 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 Hi-Speed Machining India Private Limited
Hi-Speed Machining India Private Limited is audited by AVALINTE & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AVALINTE & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Hi-Speed Machining India Private Limited
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Charges & Borrowings of Hi-Speed Machining India Private Limited
Open charges
₹3.33 Cr
Satisfied charges
₹12.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jul 2024 | Others | ₹3.25 Cr | Open |
| 30 May 2012 | State Bank of India | ₹7.75 Lakh | Open |
| 19 Jul 2018 | Others | ₹5.17 Cr | Satisfied |
| 05 Feb 2018 | Others | ₹45 Lakh | Satisfied |
| 17 Feb 2017 | Others | ₹50 Lakh | Satisfied |
Total charge records: 14 View all charges
MSME Payment Delays by Hi-Speed Machining India Private Limited
Hi-Speed Machining India Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 298 overdue payments to 36 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Indura Progressive Solutions | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| VT Vacuum Heat Treaters Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Hi-Speed Machining India Private Limited
Employment history and EPFO contributions of people linked to Hi-Speed Machining India.
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Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Hi-Speed Machining India Private Limited
Hi-Speed Machining India Private Limited has 8 board changes on record since 2003: 5 appointments and 3 cessations. The latest: Anekere Ramakrishna Sridhar ceased to be Director on 31 Oct 2011.
AGM
Hi-Speed Machining India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 325.00 Lakh with Charge ID 100951578 was registered on 01 Jul 2024.
Filing
Hi-Speed Machining India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 19 Jul 2018 via Charge ID 100203150 with Others was fully satisfied on 17 Feb 2024.
Charges
A charge with Others of Rs. 517.11 Lakh registered on 19 Jul 2018 with Charge ID 100203150 was modified on 10 Nov 2023.
Charges
A charge registered on 24 Mar 2011 via Charge ID 10283528 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 16 Jun 2007 via Charge ID 10074958 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 02 Aug 2006 via Charge ID 10010722 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 20 May 2005 via Charge ID 90198604 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 20 May 2005 via Charge ID 90199826 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 01 Jul 2004 via Charge ID 90199731 with Syndicate Bank was fully satisfied on 01 Sep 2018.
Charges
A charge registered on 05 Feb 2018 via Charge ID 100152428 with Others was fully satisfied on 09 Aug 2018.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hi-Speed Machining India Private Limited
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Subsidiaries & Group Companies of Hi-Speed Machining India Private Limited
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GST Compliance of Hi-Speed Machining India Private Limited
Hi-Speed Machining India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCH3153K1ZH | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Hi-Speed Machining India Private Limited
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Frequently Asked Questions about Hi-Speed Machining India Private Limited
Hi-Speed Machining India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 03 September 2003 (23+ years old) and is registered under CIN U51103KA2003PTC032494.
Hi-Speed Machining India reported revenue of ₹6.9 Cr for FY 2024 (down 9% YoY).
Hi-Speed Machining India has 2 current directors:
- Notakar Shivashankar Mahadeshwara - Managing Director
- Mahadeshwar Rachana - Director
Hi-Speed Machining India reported a net profit of ₹20.39 Lakh (net margin 3%) and EBITDA of ₹75.61 Lakh (EBITDA margin 11%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hi-Speed Machining India is 3% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hi-Speed Machining India is 29AABCH3153K1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Hi-Speed Machining India is U51103KA2003PTC032494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Speed Machining India was incorporated on 03 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hi-Speed Machining India by revenue are Hifin Saws and Tools Private Limited, Amess Controls Private Limited, Nishant Oxygen Private Limited, Bubble Tools Private Limited, Unity Gauge and Tool Co Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Machine Tools).
Anekere Ramakrishna Sridhar ceased to be Director on 31 Oct 2011. Anuradha Shankaramurthy Kukke ceased to be Director on 31 Oct 2011. Anuradha Shankaramurthy Kukke was appointed as Director on 01 Oct 2007. Hi-Speed Machining India has 8 board changes on record in total.
Yes, Hi-Speed Machining India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0004815).
Hi-Speed Machining India has 8 MSME Form 1 returns on record between 2019 and 2024, listing 298 overdue payments to 36 micro and small suppliers. The latest return was filed on 27 Apr 2024.