About Hi-Tech Abrasives Limited.
Data last updated:
Hi-Tech Abrasives Limited. is a public limited company based in Raipur, Chhattisgarh, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 10 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U05005CT1991PLC006432. Its GSTIN is 22AAACH5950M1ZJ (Chhattisgarh). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹11.55 Cr. It was formerly known as Hi-Tech Abrasives Private Limited and Hi-Tech Abrasive Limited. It is led by directors including Shakuntala Devi Tekriwal and Sejal Rathod.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mig – 21 Indrawati Colony, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2019, the company reported a revenue of ₹29.96 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net loss of ₹2.2 Cr (net margin -7.3%) and EBITDA of -₹2 Cr (EBITDA margin -6.7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹203.07 Cr and satisfied charges of ₹167.4 Cr on record. Court records list 20 cases involving the company, including 10 filed by the company and 5 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website halshots.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressMig – 21 Indrawati Colony, Raipur, Chhattisgarh, India – 492001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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 of Hi-Tech Abrasives Limited.
The main business activity of Hi-Tech Abrasives Limited is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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
Verified entity values are shown only after access is granted.
Financials of Hi-Tech Abrasives Limited. FY 2019 filings available
Hi-Tech Abrasives Limited. reported revenue of ₹29.96 Cr (up 55% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Hi-Tech Abrasives Limited.
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 55% growth in the latest year. EBITDA fell 35% 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-Tech Abrasives Limited.
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹29.96 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.2 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 of Hi-Tech Abrasives Limited.
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -7.3% | •••• | •••• | •••• | •••• |
| 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-Tech Abrasives Limited are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited. is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ajex & Turner Wire Technologies Private Limited | ₹30.16 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Karnataka Turned Components Private Limited | ₹30.15 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Vaishnavam Steel Trading Private Limited | ₹30.07 Cr (FY 2022) | •••• | •••• | 45.0% | •••• | Pathiyoor, Kerala, India |
| Pasl Private Limited | ₹30.01 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Ahmedabad, Gujarat, India |
| Metronox Private Limited | ₹29.98 Cr (FY 2025) | •••• | •••• | 31067.0% | •••• | Sanand, Gujarat, India |
| Hi-Tech Abrasives Limited. this company | ₹29.96 Cr (FY 2019) | •••• | •••• | 55.0% | •••• | Raipur, Chhattisgarh, India |
| Precision Global Springs Private Limited | ₹29.92 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Kishan Forge Private Limited | ₹29.85 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Rajkot, Gujarat, India |
| Billson Stainless Private Limited | ₹29.82 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ludhiana, Punjab, India |
| Synergy-Global Manufactec Private Limited | ₹29.76 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hosur, Tamil Nadu, India |
| Diamond Iron & Steel Private Limited. | ₹29.75 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hi-Tech Abrasives Limited by revenue in the Metals and Minerals industry (Steel, Tools and Components), 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-Tech Abrasives Limited.
Hi-Tech Abrasives Limited. is audited by PANKAJ TEKRIWAL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PANKAJ TEKRIWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sejal Rathod Also directs: Agora Eco-Tourism Private Limited | Additional Director | 01 Jun 2020 | 6 Years 4 Months | Current |
| Shakuntala Devi Tekriwal | Director | 13 Apr 2001 | 25 Years 5 Months | Current |
| Raghvendra Charan Sinha | Additional Director | 04 Jan 2020 | 6 Years 9 Months | Current |
Ownership and Shareholding of Hi-Tech Abrasives Limited.
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hi-Tech Abrasives Limited.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Sep 2009 | Jm Financial Asset Reconstruction Company Private Limited | ₹125.7 Cr | Open |
| 09 Jan 2008 | Axis Bank Ltd | ₹16.9 Cr | Open |
| 21 Jul 2004 | State Bank of India | ₹29 Cr | Open |
| 21 Jul 2004 | State Bank of India | ₹30.1 Cr | Open |
| 13 Aug 2003 | Centurion Bank Ltd | ₹8.5 Lakh | Open |
Total charge records: 10 View all charges
Legal Cases of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited. has 20 court cases on record: 10 filed by Hi-Tech Abrasives Limited, 5 filed against it, 5 where it is another party. 2 cases are pending and 18 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 4 | 2 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raipur, Chhattisgarh | Commercial suit | Filed against the company by Sambhv Tubes Private Limited | Disposed |
| High Court of Chhattisgarh | Writ petition | Filed by the company against Axis Bank Limited | Disposed |
| High Court of Chhattisgarh | Court case (COMP) | Filed against the company by Axis Bank Limited | Disposed |
| High Court of Chhattisgarh | Writ petition | Filed by the company against Axis Private Equity Limited | Disposed |
| Bombay High Court | Writ petition | Company is another party | Pending |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 at Hi-Tech Abrasives Limited.
Employment history and EPFO contributions of people linked to Hi-Tech Abrasives Limited.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited has undergone 2 name changes throughout its history. The company was previously known as Hi-Tech Abrasives Private Limited, and Hi-Tech Abrasive Limited. The current legal name is Hi-Tech Abrasives Limited..
| Company Name | Status |
|---|---|
| Hi-Tech Abrasives Limited. | Current |
| Hi-Tech Abrasives Private Limited | Previous |
| Hi-Tech Abrasive Limited | Previous |
CIN History of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited has one previous CIN (Corporate Identification Number): U05005MP1991PLC006432. The current CIN is U05005CT1991PLC006432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U05005CT1991PLC006432 | Current |
| U05005MP1991PLC006432 | Previous |
Recent Activity on Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited. has 7 board changes on record since 2001: 3 appointments and 4 cessations. The latest: Sejal Rathod ceased to be Additional Director on 31 Mar 2022.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hi-Tech Abrasives Limited.
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hi-Tech Abrasives Limited.
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hi-Tech Abrasives Limited.
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAACH5950M1ZJ | Chhattisgarh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hi-Tech Abrasives Limited.
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hi-Tech Abrasives Limited.
Hi-Tech Abrasives Limited is an active public limited company based in Raipur, Chhattisgarh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 May 1991 (35+ years old) and is registered under CIN U05005CT1991PLC006432.
Hi-Tech Abrasives Limited reported revenue of ₹29.96 Cr for FY 2019 (up 55% YoY).
Hi-Tech Abrasives Limited has 3 current directors:
- Sejal Rathod - Additional Director
- Shakuntala Devi Tekriwal - Director
- Raghvendra Charan Sinha - Additional Director
Hi-Tech Abrasives Limited reported a net loss of ₹2.2 Cr (net margin -7.3%) and EBITDA of -₹2 Cr (EBITDA margin -6.7%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hi-Tech Abrasives Limited is 25% over three years. In the latest year (FY 2019) revenue rose 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hi-Tech Abrasives Limited is 22AAACH5950M1ZJ, registered in Chhattisgarh. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Hi-Tech Abrasives Limited is U05005CT1991PLC006432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Abrasives Limited has 20 court cases on record: 10 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.
Hi-Tech Abrasives Limited was incorporated on 10 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
The peers of Hi-Tech Abrasives Limited by revenue are Ajex & Turner Wire Technologies Private Limited, Karnataka Turned Components Private Limited, Vaishnavam Steel Trading Private Limited, Pasl Private Limited, Metronox Private Limited and 5 more, all in the Metals and Minerals industry (Steel, Tools and Components).
Sejal Rathod ceased to be Additional Director on 31 Mar 2022. Sejal Rathod was appointed as Additional Director on 01 Jun 2020. Vinod Bajoria ceased to be Additional Director on 01 Jun 2020. Hi-Tech Abrasives Limited has 7 board changes on record in total.