Hitech Corporation Limited - Company Profile

Q: Who are the current directors of Hitech Corporation Limited?

The current directors of Hitech Corporation Limited are Bomi Pesi Chinoy, Aditya Mahendra Sheth, Jayendra Ratilal Shah, Avan Rohinton Chaina, Ashish Roongta Vinodkumar, Ina Ashwin Dani, Darshana Ajay Soni, Sivaram Swaminathan, Malav Ashwin Dani, Mehernosh Adi Mehta, Kalpana Vithaldas Merchant, Prakash Druman Trivedi, Anjan Ray.

It is a manufacturing public limited company based in Mumbai, Maharashtra, India, established in 1991.

1991 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

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About Hitech Corporation Limited

Hitech Corporation Limited, a active public limited company, was established on 16 October 1991 in Mumbai, Maharashtra, India. Engaging in plastic-based products within the manufacturing sector, it holds CIN: L28992MH1991PLC168235. Registered under ROC Roc Mumbai. it is listed on BSE: 526217 and NSE: HITECHCORP. It has an authorized capital of ₹60.50 Cr and a paid-up capital of ₹17.18 Cr.

Formerly known as Hitech Plast Limited. It upholds a compliant status. In 2023, it reported revenue of ₹560.41 Cr and a net worth of ₹243.21 Cr. Employing 462 professional, Its leadership includes Bomi Pesi Chinoy (Director), Aditya Mahendra Sheth (Director), Jayendra Ratilal Shah (Director). Past directors included Rajnikant Baldevlal Desai, Bomi Pesi Chinoy, Ashok Kumar Goyal. It holds ₹323.51 Cr open charges and ₹182.23 Cr settled loans. Its latest AGM occurred on 24 July 2025, with the balance sheet filed on 31 March 2025. It is based at Unit No. 201, 2Nd Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower, Parel, Mumbai, Maharashtra, 400013.

Company Details

CIN/LLPIN
L28992MH1991PLC168235
Registration Number
168235
Incorporation Date
16 October 1991
Authorized Capital
₹60.50 Cr
Paid-Up Capital
₹17.18 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 526217, NSE: HITECHCORP)
Company Status
Active

Key Metrics

Authorised Capital ₹ 60.50 Cr as on 23-12-2025
Paid Up Capital ₹ 17.18 Cr as on 23-12-2025
Company Age 34 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 323.51 Cr as on 23-12-2025
Satisfied Charges ₹ 182.23 Cr as on 23-12-2025
Revenue Growth **** -4.89% (FY 2023)
Profit Growth **** -24.25% (FY 2023)
Ebitda **** -13.53% (FY 2023)
Net Worth 12.10% (FY 2023)
Total Assets -3.80% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Hitech Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Hitech Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Bomi Pesi Chinoy	Director	23 May 2016	Current
Aditya Mahendra Sheth	Director	25 Jun 2019	Current
Jayendra Ratilal Shah	Director	29 Apr 2024	Current
Ina Ashwin Dani	Director	22 Dec 2023	Current
Darshana Ajay Soni	Deputy Nodal Officer	09 Aug 2023	Current
Avan Rohinton Chaina	Cfo	03 Jul 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	31 Mar 2019	Past
Pramod Abcsdd	Additional Director	23 Sep 2016	Past
Pramod Abcsdd	Managing Director	15 Aug 2012	Past
Pramod Abcsdd	Company Secretary	31 Aug 2012	Past
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Additional Director	13 Sep 2014	Past

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Financial Performance of Hitech Corporation.

Hitech Corporation Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.89% decrease. The company also saw a substantial fall in profitability, with a 24.25% decrease in profit. The company's net worth Soared by an impressive increase of 12.1%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-4.89%

*******

Revenue from Operations

*******

-5.06%

*******

Total Assets

*******

-3.80%

*******

Profit or Loss

*******

-24.25%

*******

Net Worth

*******

12.10%

*******

EBITDA

*******

-13.53%

*******

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What is the Ownership and Shareholding Structure of Hitech Corporation?

In 2023, Hitech Corporation had a promoter holding of 74.44% and a public holding of 25.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹3,235,100,000.00

Satisfied Charges

₹1,822,307,800.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 201.06 Cr
Kotak Mahindra Bank Limited : 80.70 Cr
Axis Bank Limited : 20.00 Cr
Standard Chartered Bank : 10.00 Cr
The Zoroastrian Co-Operative Bank Limited : 9.00 Cr
Others : 2.75 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Mar 2024	The Zoroastrian Co-Operative Bank Limited	₹9.00 Cr	Open
27 Sep 2019	Axis Bank Limited	₹20.00 Cr	Open
28 Mar 2019	Hdfc Bank Limited	₹32.00 Cr	Open
04 May 2017	Hdfc Bank Limited	₹110.00 Cr	Open
24 Jul 2014	Hdfc Bank Limited	₹59.06 Cr	Open

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How Many Employees Work at Hitech Corporation?

Hitech Corporation has a workforce of 462 employees as of May 15, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Hitech Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Hitech Corporation's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Hitech Corporation

Recent Activity within the Organization

Annual General Meeting

Hitech Corporation Limited last Annual general meeting of members was held on 24 Jul 2025 as per latest MCA records. was recorded as a recent event.
24 Jul 2025
Charges

The activity A charge with Hdfc Bank Limited of Rs. 110.00 Cr registered on 04 May 2017 with Charge ID 100109804 was modified on 05 Apr 2025. was completed.
05 Apr 2025
Balance Sheet

Progress on Hitech Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Charges

The activity A charge registered on 12 Apr 2018 via Charge ID 100171993 with Others was fully satisfied on 14 Feb 2025. was completed.
14 Feb 2025
Director Appointment

Sivaram Swaminathan was appointed as a Director was appointed as a Director on 19 Dec 2024 & has been associated with this company since 1 year 1 month . was recorded as a recent event.
19 Dec 2024
Director Appointment

Jayendra Ratilal Shah was appointed as a Director was appointed as a Director on 29 Apr 2024 & has been associated with this company since 1 year 9 months . was recorded as a recent event.
29 Apr 2024

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