Hitech Coatings Private Limited
About Hitech Coatings Private Limited
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Hitech Coatings Private Limited is a private limited company based in Sarigam, Gujarat, India. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 08 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2011PTC066667.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Kirti Bansnarayan Rai and Pratik Bansnarayan Rai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Industrial Plot No. 1313 At Sarigam Industrial Estate GIDC, Gujarat, India – 396155.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.97 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹11.58 Lakh (net margin 42.9%) and EBITDA of ₹19.59 Lakh (EBITDA margin 72.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 167% over five years.
As per MCA filings, the company has open charges of ₹19.94 Cr and satisfied charges of ₹4.19 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hitech Coatings Private Limited's registered office is in Sarigam, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressIndustrial Plot No. 1313 At Sarigam Industrial Estate GIDC, Gujarat, India – 396155
- IndustryChemicals and Materials, Organic Chemicals & Compounds
To see the full contact details of Hitech Coatings 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
Financials of Hitech Coatings Private Limited
FY 2025 filings availableHitech Coatings Private Limited reported revenue of ₹26.97 Lakh (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 167% over five years, including 46% growth in the latest year. EBITDA rose 25% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹19.59 Lakh | ||||
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| Net Profit (PAT) | ₹11.58 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 72.6% | ||||
| Net Profit Margin | 42.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hitech Coatings Private Limited, buy the company report.
Board of directors of Hitech Coatings Private Limited
Hitech Coatings has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirti Bansnarayan Rai Also directs: Elex Empires LLP, Chemifs Chemical Private Limited, Environ Water Treatment Private Limited and 1 more | Director | 15 Oct 2016 | 10 Years 0 Months | Current |
| Pratik Bansnarayan Rai | Director | 15 Oct 2016 | 10 Years 0 Months | Current |
| Manishkumar Bansnarayan Ray Also directs: Shah Tradelink and Industries LLP, Footon Logistics Limited Liability Partnership, Elex Empires LLP and 5 more | Director | 08 Aug 2011 | 15 Years 2 Months | Current |
Peer comparison
Hitech Coatings Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Megha Fibre Glass Industries Limited | ₹29.76 Lakh (FY 2025) | -98.0% | Hyderabad, Telangana, India | |||
| Crystal Foam Private Limited | ₹29.44 Lakh (FY 2016) | -80.0% | Ballabgarh, Haryana, India | |||
| Shri Gannayak Plastic Polymers Limited | ₹29.15 Lakh (FY 2025) | Kolkata, West Bengal, India | ||||
| Suman Polypacks Private Limited | ₹28.24 Lakh (FY 2024) | -50.0% | Jaipur, Rajasthan, India | |||
| Gemsynth Resins Private Limited | ₹28.12 Lakh (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Hitech Coatings Private Limitedthis company | ₹26.97 Lakh (FY 2025) | ₹11.58 Lakh | 42.9% | 46.0% | Sarigam, Gujarat, India | |
| Duroshine Wallcare Private Limited | ₹26.72 Lakh (FY 2024) | -54.0% | Raipur, Chhattisgarh, India | |||
| Xcel Polymer Products Private Limited | ₹26.51 Lakh (FY 2025) | -56.0% | Bardari, Madhya Pradesh, India | |||
| Khanvilkar Plasticiser Private Limited | ₹25.92 Lakh (FY 2024) | -81.0% | Tarapur, Maharashtra, India | |||
| Kahuna Industries Private Limited | ₹25.85 Lakh (FY 2024) | -85.0% | Delhi, India | |||
| Roidec India Chemicals Private Limited | ₹25.54 Lakh (FY 2025) | 20.0% | New Delhi, Delhi, India |
To see the full peer comparison of Hitech Coatings Private Limited, buy the company report.
Auditor
Hitech Coatings Private Limited is audited by G B LADDHA AND CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G B LADDHA AND CO LLP | FY 2023 | 120352W/W100033 |
Shareholding
The shareholding of Hitech Coatings Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hitech Coatings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2024 | 101015508 | Others | ₹39 Lakh | Open | |
| 11 Oct 2024 | 101015507 | Others | ₹3.75 Cr | Open | |
| 11 Oct 2024 | 101015506 | Others | ₹47 Lakh | Open | |
| 11 Oct 2024 | 101015498 | Others | ₹96 Lakh | Open | |
| 07 Jun 2024 | 100937541 | Others | ₹8.49 Cr | Open |
To see the full charge records of Hitech Coatings Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Hitech Coatings 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
No delayed payments to MSME suppliers are on our record for Hitech Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Hitech Coatings Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hitech Coatings Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Kirti Bansnarayan Rai ceased to be Additional Director on 30 Sep 2017.
7 earlier events are in the company report.
Frequently asked questions
Hitech Coatings is an active private limited company based in Sarigam, Gujarat, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 08 August 2011 (15+ years old) and is registered under CIN U24100GJ2011PTC066667.
Hitech Coatings has 3 current directors:
- Kirti Bansnarayan Rai - Director
- Pratik Bansnarayan Rai - Director
- Manishkumar Bansnarayan Ray - Director
The latest financial statements of Hitech Coatings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hitech Coatings is U24100GJ2011PTC066667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Coatings was incorporated on 08 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hitech Coatings by revenue are Megha Fibre Glass Industries Limited, Crystal Foam Private Limited, Shri Gannayak Plastic Polymers Limited, Suman Polypacks Private Limited, Gemsynth Resins Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins).
Kirti Bansnarayan Rai ceased to be Additional Director on 30 Sep 2017. Pratik Bansnarayan Rai ceased to be Additional Director on 30 Sep 2017. Birendrakant Gyanprakash Srivastava ceased to be Director on 17 Oct 2016. Hitech Coatings has 6 board changes on record in total.
The registered office of Hitech Coatings is at Industrial Plot No. 1313 At Sarigam Industrial Estate GIDC, Gujarat, India – 396155.
Hitech Coatings operates in the chemicals and materials industry, in the organic chemicals and compounds segment.
Hitech Coatings has open charges of ₹19.94 Cr and satisfied charges of ₹4.19 Cr as per latest MCA filings.
The compliance status of Hitech Coatings is compliant as of 15 July 2026. The company is actively filing with the Registrar of Companies.
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