About Hi-Tech Air Power Private Limited
Data last updated:
Hi-Tech Air Power Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 01 November 2000.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29120KA2000PTC028063. Its GSTIN is 36AABCH2556A1Z2 (Telangana). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹86.61 Lakh. It is led by directors including Sreenivasulu Yalavarthi (Managing Director) and Boodgur Venugopal Srikanth.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at No.6 Gandhi Bazar Main Road Basavangudi Bangalore., Karnataka, India – 560004.
As per the financials filed for FY 2016, the company reported a revenue of ₹75.17 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹47.44 Lakh (net margin 0.6%) and EBITDA of ₹4.04 Cr (EBITDA margin 5.4%).
As per MCA filings, the company has open charges of ₹18.44 Cr and satisfied charges of ₹1.61 Cr on record. Court records list 34 cases involving the company, including 13 filed by the company and 21 filed against it; 2 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹22.4 Lakh; the latest was in May 2014. Its 5 peer companies in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 3 smaller; the largest is R P M Exim Private Limited with revenue of ₹76.81 Cr.
The last known website on record is hitechairpower.tradeindia.com.
Company details
Contact details
Hi-Tech Air Power Private Limited's registered office is in Bangalore, Karnataka. Its website is hitechairpower.tradeindia.com. Its e-mail address is in the company report.
- Email
- Registered AddressNo.6 Gandhi Bazar Main Road Basavangudi Bangalore., Karnataka, India – 560004
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Hi-Tech Air Power 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
Business activity
The main business activity of Hi-Tech Air Power 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-Tech Air Power Private Limited, buy the company report.
Financials of Hi-Tech Air Power Private Limited
FY 2016 filings availableHi-Tech Air Power Private Limited reported revenue of ₹75.17 Cr (down 7% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA rose 4% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹75.17 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.04 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹47.44 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.4% | |
| Net Profit Margin | 0.6% | |
| 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 Hi-Tech Air Power Private Limited, buy the company report.
Board of directors of Hi-Tech Air Power Private Limited
Hi-Tech Air Power 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 |
|---|---|---|---|---|
| Boodgur Venugopal Srikanth Also directs: Leintz Pneumatics Private Limited | Director | 01 Nov 2000 | 25 Years 11 Months | As last reported |
| Naveen Murugeppa Sanageri | Director | 05 Oct 2012 | 14 Years 0 Months | As last reported |
| Sreenivasulu Yalavarthi | Managing Director | 01 Nov 2000 | 25 Years 11 Months | As last reported |
Peer comparison
Hi-Tech Air Power Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| R P M Exim Private Limited | ₹76.81 Cr (FY 2025) | -43.0% | New Delhi, Delhi, India | |||
| Leister Technologies India Private Limited | ₹75.24 Cr (FY 2024) | 19.0% | Chennai, Tamil Nadu, India | |||
| Hi-Tech Air Power Private Limitedthis company | ₹75.17 Cr (FY 2016) | ₹47.44 Lakh | 0.6% | -7.0% | Bangalore, Karnataka, India | |
| Equipage Infracore Private Limited | ₹75.09 Cr (FY 2025) | -17.0% | Bhubaneswar, Odisha, India | |||
| Equipments & Spares Engineering (India) Private Limited | ₹74.49 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| R.K.Mittal Machinery Mart Private Limited | ₹74.32 Cr (FY 2024) | -1.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Hi-Tech Air Power Private Limited, buy the company report.
Shareholding
The shareholding of Hi-Tech Air Power Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hi-Tech Air Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2015 | 100024037 | Others | ₹22.6 Lakh | Open | |
| 26 Sep 2008 | 10125175 | Others | ₹18.21 Cr | Open | |
| 09 Oct 2009 | 10185306 | Corporation Bank | ₹55,900 | Satisfied | |
| 13 Jan 2009 | 10140307 | Corporation Bank | ₹4.5 Lakh | Satisfied | |
| 20 Nov 2007 | 10082340 | Corporation Bank | ₹1 Cr | Satisfied |
To see the full charge records of Hi-Tech Air Power Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Hi-Tech Air Power Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹22.4 Lakh; the latest was in May 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Funding round | ₹13.4 Lakh | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹9 Lakh | Investors: Viraj Telelinks Private Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hi-Tech Air Power Private Limited has 34 court cases on record: 13 filed by Hi-Tech Air Power, 21 filed against it. 2 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 17 | 2 |
| High courts | 9 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Suez Water Technologies and Solutions (India) Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Bangalore Metallurgicals Pvt. Ltd. Rep by Its General Manager B S Prakash | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Suez Water Technologies and Solutions (India) Private Limited | Disposed |
To see the full case history of Hi-Tech Air Power 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
Hi-Tech Air Power Private Limited was last rated by Crisil on 17 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Oct 2019 |
To see the full credit ratings and regulatory alerts of Hi-Tech Air Power Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hi-Tech Air Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi-Tech Air Power has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCH2556A1Z2 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Tech Air Power Private Limited, buy the company report.
Recent activity
Hi-Tech Air Power Private Limited has 7 board changes on record since 2000: 3 appointments and 4 cessations. The latest: Rajesh Ravindran ceased to be Director on 05 Feb 2019.
16 earlier events are in the company report.
Frequently asked questions
Hi-Tech Air Power is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Hi-Tech Air Power is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 01 November 2000 and is registered under CIN U29120KA2000PTC028063. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hi-Tech Air Power has 3 current directors:
- Sreenivasulu Yalavarthi - Managing Director
- Boodgur Venugopal Srikanth - Director
- Naveen Murugeppa Sanageri - Director
The latest financial statements of Hi-Tech Air Power on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hi-Tech Air Power is U29120KA2000PTC028063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Air Power has open charges of ₹18.44 Cr and satisfied charges of ₹1.61 Cr as per latest MCA filings.
Hi-Tech Air Power has 34 court cases on record: 13 filed by the company and 21 filed against it. 2 are pending. Most are in the district courts.
Hi-Tech Air Power was incorporated on 01 November 2000. It is registered with the Registrar of Companies, Bangalore.
Hi-Tech Air Power has 2 deals on record (2 funding rounds), with disclosed funding of ₹22.4 Lakh; the latest was in May 2014.
The peers of Hi-Tech Air Power by revenue are R P M Exim Private Limited, Leister Technologies India Private Limited, Equipage Infracore Private Limited, Equipments & Spares Engineering (India) Private Limited, R.K.Mittal Machinery Mart Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Rajesh Ravindran ceased to be Director on 05 Feb 2019. Sagiraju Shakuntala ceased to be Director on 02 Nov 2016. Hemachandra Subbarangaiah Maradi ceased to be Director on 19 Aug 2014. Hi-Tech Air Power has 7 board changes on record in total.