About Hitachi Astemo India Private Limited
Data last updated:
Hitachi Astemo India Private Limited was a private limited company based in Haryana, India, operated as a subsidiary of Hitachi Astemo Netherlands B. V.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 05 July 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U34200HR2011PTC113280. Its GSTIN is 06AABCF7965P1ZX (Haryana). The company held 10 GST registrations, all of them active.
The company had an authorised share capital of ₹400 Cr and a paid-up capital of ₹364.2 Cr. It was formerly known as Foundation Brake Manufacturing Limited and Foundation Brake Manufacturing Private Limited. It was led by directors Harish Surinder Seth (Whole-Time Director) and Hideki Suzuki.
Its last annual general meeting (AGM) was held on 22 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Plot No. 663 Phase – 5, Udyog Vihar, Haryana, India – 122016.
As per the financials filed for FY 2022, the company reported a revenue of ₹824.1 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹15.78 Cr (net margin -1.9%) and EBITDA of ₹5.68 Cr (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company had about 1,447 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Chassis Brakes International and Hitachi Astemo. As per MCA filings, the company had open charges of ₹50 Lakh on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 2 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹248.1 Cr; the latest was in June 2014. The company has 14 MSME Form 1 returns on record between 2019 and 2022, listing 8,537 overdue payments to 132 micro and small suppliers.
The last known website on record is hitachiastemo.com.
Company details
Name history
Hitachi Astemo India has undergone 2 name changes throughout its history. The company was previously known as Foundation Brake Manufacturing Limited, and Foundation Brake Manufacturing Private Limited. The current legal name is Hitachi Astemo India Private Limited.
| Company Name | Status |
|---|---|
| Hitachi Astemo India Private Limited | Current |
| Foundation Brake Manufacturing Limited | Previous |
| Foundation Brake Manufacturing Private Limited | Previous |
CIN history
Hitachi Astemo India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U34200HR2011PTC113280, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34200HR2011PTC113280 | Current |
| U34200PN2011PLC140066 | Previous |
| U34200PN2011PTC140066 | Previous |
Contact details
Hitachi Astemo India Private Limited's registered office is in Haryana. Its website is hitachiastemo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 663 Phase – 5, Udyog Vihar, Haryana, India – 122016
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Hitachi Astemo India Private Limited, buy the company report.
- 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
Brands
Hitachi Astemo India operates two associated brands: Chassis Brakes International and Hitachi Astemo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Braking systems are manufactured and supplied to OEMs for vehicles. | chassisbrakes.com | |
| Automotive and motorcycle mobility solutions are developed by Hitachi Astemo. | hitachiastemo.com |
Business activity
The main business activity of Hitachi Astemo India is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Hitachi Astemo India Private Limited, buy the company report.
Financials of Hitachi Astemo India Private Limited
FY 2024 filings availableHitachi Astemo India Private Limited reported revenue of ₹824.1 Cr (up 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 24% growth in the latest year. EBITDA rose 68% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹824.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.78 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | -1.9% | ||||
| 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 Hitachi Astemo India Private Limited, buy the company report.
Board of directors of Hitachi Astemo India Private Limited
Hitachi Astemo India has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Surinder Seth | Whole-Time Director | 28 Jun 2017 | 9 Years 4 Months | As last reported |
| Hideki Suzuki Also directs: Astemo India Private Limited, Astemo Fie Private Limited | Director | 01 Nov 2024 | 2 Years 0 Months | As last reported |
Auditor
Hitachi Astemo India Private Limited is audited by S R B C & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & Co LLP | FY 2022 | 324982E |
Shareholding
The shareholding of Hitachi Astemo India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hitachi Astemo India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2021 | 100530082 | Citi Bank N.A. | ₹50 Lakh | Open |
To see the full charge records of Hitachi Astemo India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Hitachi Astemo India Private Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹248.1 Cr; the latest was in June 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Rights issue | ₹116 Cr | Investors: an individual |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Foundation Brakes Holding BV Netherlands |
| Sep 2012 | Funding round | ₹248.1 Cr | Investors: an individual |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: Foundation Brakes Holding BV Netherlands Seller: Bosch Chassis Systems India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitachi Astemo India Private Limited has 9 court cases on record: 5 filed by Hitachi Astemo India, 4 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| District courts | 3 | 2 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Apeal PGA) | Filed against the company by an individual | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, HARYANA | Writ petition | Filed by the company against State of Haryana and Others and 2 others | Disposed |
To see the full case history of Hitachi Astemo India Private Limited, buy 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.
Credit ratings & regulatory alerts
Hitachi Astemo India Private Limited was last rated by Care on 05 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Apr 2021 |
To see the full credit ratings and regulatory alerts of Hitachi Astemo India Private Limited, buy the company report.
MSME payment delays
Hitachi Astemo India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2022, listing 8,537 overdue payments to 132 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 132)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Krishna Krishna Design and Manufacturing Private Limited | |||
| Kivi Products | |||
| Ganesh Industries | |||
| Nargolkar Heavy Pressings |
To see the full MSME payment records of Hitachi Astemo India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hitachi Astemo India Private Limited has a workforce of 1,447 employees on its EPFO records as of Mar 31, 2024, across 4 active EPFO establishments.
GST
Hitachi Astemo India has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCF7965P1ZX | Haryana | Active | 01 Jul 2017 |
| 03AABCF7965P1Z3 | Punjab | Active | 01 Jul 2017 |
| 05AABCF7965P1ZZ | Uttarakhand | Active | 01 Jul 2017 |
| 18AABCF7965P1ZS | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitachi Astemo India Private Limited, buy the company report.
Recent activity
Hitachi Astemo India Private Limited has 15 board changes on record since 2012: 2 appointments and 13 cessations. The latest: Hideki Suzuki ceased to be Additional Director on 21 Nov 2024.
8 earlier events are in the company report.
News
Frequently asked questions
Hitachi Astemo India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Hitachi Astemo India was a private limited company based in Haryana, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 05 July 2011 and is registered under CIN U34200HR2011PTC113280. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Hitachi Astemo India was incorporated on 05 July 2011. It is registered with the Registrar of Companies, Delhi.
Hitachi Astemo India had 2 directors:
- Harish Surinder Seth - Whole-Time Director
- Hideki Suzuki - Director
The CIN (Corporate Identification Number) of Hitachi Astemo India is U34200HR2011PTC113280. 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 Hitachi Astemo India is at Plot No. 663 Phase – 5, Udyog Vihar, Haryana, India – 122016.
Hitachi Astemo India can be reached through the website hitachiastemo.com. Its registered office is in Haryana, India.
The latest financial statements of Hitachi Astemo India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitachi Astemo India is 06AABCF7965P1ZX, registered in Haryana. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 03AABCF7965P1Z3 (Punjab), 05AABCF7965P1ZZ (Uttarakhand), 18AABCF7965P1ZS (Assam).
Hitachi Astemo India operated in the automotive industry, in the auto parts and components segment.
Hitachi Astemo India has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹248.1 Cr; the latest was in June 2014.
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