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
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
Hi-Speed Machining India Private Limited's registered office is in Bangalore, Karnataka. Its website is hi-speed.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 152 2nd 'C' Main Road 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Hi-Speed Machining India Private Limited, buy the company report.
Comprehensive company report
Hi-Speed Machining India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Hi-Speed Machining India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hi-Speed Machining India Private Limited, buy the company report.
Financials of Hi-Speed Machining India Private Limited
FY 2024 filings availableHi-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)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹75.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.39 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Hi-Speed Machining India Private Limited, buy the company report.
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 |
Auditor
Hi-Speed Machining India Private Limited is audited by AVALINTE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AVALINTE & ASSOCIATES | FY 2023 | 011690S |
Shareholding
The shareholding of Hi-Speed Machining India 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-Speed Machining India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.33 Cr
Satisfied charges
₹12.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2024 | 100951578 | Others | ₹3.25 Cr | Open | |
| 30 May 2012 | 10367412 | State Bank of India | ₹7.75 Lakh | Open | |
| 19 Jul 2018 | 100203150 | Others | ₹5.17 Cr | Satisfied | |
| 05 Feb 2018 | 100152428 | Others | ₹45 Lakh | Satisfied | |
| 17 Feb 2017 | 100083320 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Hi-Speed Machining India Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
No court or tribunal cases involving Hi-Speed Machining India 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
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 |
To see the full MSME payment records of Hi-Speed Machining India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
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 |
To see the full GST registrations and return filing status of Hi-Speed Machining India Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Notakar Shivashankar Mahadeshwara - Managing Director
- Mahadeshwar Rachana - Director
The latest financial statements of Hi-Speed Machining India 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 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.
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.
Hi-Speed Machining India can be reached through the website hi-speed.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hi-Speed Machining India is at A – 152 2nd C Main Road 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058.