MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0023388
Hitech Castings Private Limited
Hitech Castings Private Limited - manufacturing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.1 Cr
▼ 37% YoY
Net profit · FY 2024
₹43,804
Net margin 0.4%
EBITDA · FY 2024
₹1.46 Lakh
EBITDA margin 1.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.1 Lakh
Issued & subscribed
Open charges
₹1.28 Cr
Secured borrowings
Company age
37 yrs
Est. 1989
Directors on board
4
As per MCA filings
About Hitech Castings Private Limited
Data last updated:
Hitech Castings Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 13 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27104TN1989PTC017706. Its GSTIN is 33AAACH0917Q2ZI (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.1 Lakh. It was formerly known as Hitech Castings Limited. It is led by directors including Krishnan Prabhakaran (Managing Director) and Duraisami Krishnan.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 408 SIDCO Industrial Estatenorth Phase Ambattur Madras North Phase Ambattur Madras, Chennai, Tamil Nadu, India – 600098.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.1 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹43,804 (net margin 0.4%) and EBITDA of ₹1.46 Lakh (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹1.28 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Hitech Castings Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0023388). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27104TN1989PTC017706
Registration Number 017706
Incorporation Date 13 July 1989
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0023388
Key People
Krishnan Prabhakaran Managing Director Duraisami Krishnan Director Banureka Vijayarangan Director Recognitions & Rankings of Hitech Castings
Contact details
Hitech Castings Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address408 SIDCO Industrial Estatenorth Phase Ambattur Madras North Phase Ambattur Madras, Chennai, Tamil Nadu, India – 600098
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Hitech Castings Private Limited, buy the company report.
Comprehensive company report
Hitech Castings 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
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Business activity
The main business activity of Hitech Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Hitech Castings Private Limited, buy the company report.
Financials of Hitech Castings Private Limited
FY 2024 filings availableHitech Castings Private Limited reported revenue of ₹1.1 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹1.1 Cr ▼ 37%
Net profit · FY 2024
₹43,804 margin 0.4%
EBITDA · FY 2024
₹1.46 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 4%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 14%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 37% fall in the latest year. EBITDA fell 48% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43,804 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Hitech Castings Private Limited, buy the company report.
Board of directors of Hitech Castings Private Limited
Hitech Castings has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Duraisami Krishnan | Director | 01 Sep 1989 | 37 Years 2 Months | Current |
| Banureka Vijayarangan | Director | 01 Oct 2009 | 17 Years 1 Months | Current |
| Krishnan Prabhakaran | Managing Director | 01 Oct 2009 | 17 Years 1 Months | Current |
| Shanthi | Director | 01 Oct 2009 | 17 Years 1 Months | Current |
Auditor
Hitech Castings Private Limited is audited by PADMANABHAN RAMANI & RAMANUJAM for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PADMANABHAN RAMANI & RAMANUJAM | FY 2022 | 002510S |
Shareholding
The shareholding of Hitech Castings 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 Hitech Castings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.28 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 1995 | 90307553 | State Bank of India | ₹47 Lakh | Open | |
| 24 Apr 1995 | 90307532 | State Bank of India | ₹32 Lakh | Open | |
| 21 May 1993 | 90307393 | State Bank of India | ₹22.5 Lakh | Open | |
| 09 Jul 1990 | 90287233 | State Bank of India | ₹13 Lakh | Open | |
| 09 Jul 1990 | 90307241 | State Bank of India | ₹13 Lakh | Open |
To see the full charge records of Hitech Castings Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Hitech Castings Private Limited has 1 court case on record: 1 filed by Hitech Castings. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ms. Kamal Enterprises and 1 other | Disposed |
To see the full case history of Hitech Castings 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hitech Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hitech Castings has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACH0917Q2ZI | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitech Castings Private Limited, buy the company report.
Recent activity
Hitech Castings Private Limited has 11 board changes on record since 1989: 4 appointments and 7 cessations. The latest: Banureka Vijayarangan ceased to be Additional Director on 23 Sep 2010.
AGM
Hitech Castings Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.
Filing
Hitech Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Banureka Vijayarangan ceased to be Additional Director.
Ceased
Krishnan Prabhakaran ceased to be Additional Director.
Ceased
Shanthi ceased to be Additional Director.
Ceased
Sundaresan Raghavan ceased to be Director.
Appointed
Banureka Vijayarangan was appointed as Director.
Ceased
Duraisami Krishnan ceased to be Director.
Ceased
Jagannathan Nenmeli Srinivasan ceased to be Managing Director.
Ceased
Janakiraman Elumalai ceased to be Director.
Appointed
Krishnan Prabhakaran was appointed as Managing Director.
Appointed
Shanthi was appointed as Director.
12 earlier events are in the company report.
Frequently asked questions
Hitech Castings is an active private limited company based in Chennai, Tamil Nadu, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 13 July 1989 (37+ years old) and is registered under CIN U27104TN1989PTC017706.
Hitech Castings has 4 current directors:
- Krishnan Prabhakaran - Managing Director
- Duraisami Krishnan - Director
- Banureka Vijayarangan - Director
- Shanthi - Director
The latest financial statements of Hitech Castings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitech Castings is 33AAACH0917Q2ZI, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Hitech Castings is U27104TN1989PTC017706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Castings has 1 court case on record: 1 filed by the company.
Hitech Castings was incorporated on 13 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
Banureka Vijayarangan ceased to be Additional Director on 23 Sep 2010. Krishnan Prabhakaran ceased to be Additional Director on 23 Sep 2010. Shanthi ceased to be Additional Director on 23 Sep 2010. Hitech Castings has 11 board changes on record in total.
Yes, Hitech Castings is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0023388).
The registered office of Hitech Castings is at 408 SIDCO Industrial Estatenorth Phase Ambattur Madras North Phase Ambattur Madras, Chennai, Tamil Nadu, India – 600098.
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