Hitech Drives Private Limited
About Hitech Drives Private Limited
Data last updated:
Hitech Drives Private Limited is a private limited company based in Dist-Anand, Gujarat, India. It operates in the engineering components retail and distribution segment of the engineering sector. It was incorporated on 06 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29130GJ2006PTC048090. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Vaishali Manoj Thakar and Hariprashad Maganlal Thakar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 443/A G – 8 G.I.D.C Vithaludyognagar – 388 121 Dist – Anand., Gujarat, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.89 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹8.4 Lakh (net margin -171.8%) and EBITDA of -₹5.74 Lakh (EBITDA margin -117.4%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 33% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.33 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address443/A G – 8 G.I.D.C Vithaludyognagar – 388 121 Dist – Anand., Gujarat, India
- IndustryEngineering, Engineering Components Retail & Distribution
- 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 Hitech Drives Private Limited
The main business activity of Hitech Drives 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 Hitech Drives Private Limited FY 2020 filings available
Hitech Drives Private Limited reported revenue of ₹4.89 Lakh (down 80% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Hitech Drives Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 80% fall in the latest year. EBITDA fell 239% 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 Hitech Drives Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | -₹5.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.4 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 of Hitech Drives Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -117.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -171.8% | •••• | •••• | •••• | •••• |
| 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 Hitech Drives 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.
Board of Directors of Hitech Drives Private Limited
Hitech Drives has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaishali Manoj Thakar | Director | 14 Jul 2009 | 17 Years 3 Months | Current |
| Hariprashad Maganlal Thakar | Director | 15 Apr 2006 | 20 Years 6 Months | Current |
Peer Comparison of Hitech Drives Private Limited
Hitech Drives Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Components Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vahshika Buildcon India Private Limited | ₹5.24 Lakh (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Emerging Innovations Services Private Limited | ₹5 Lakh (FY 2024) | •••• | •••• | -92.0% | •••• | Bangalore, Karnataka, India |
| Fabrekon Tech Private Limited | ₹4.95 Lakh (FY 2025) | •••• | •••• | 367.0% | •••• | Vadodara, Gujarat, India |
| Sumatinath Multitrade Private Limited | ₹4.95 Lakh (FY 2025) | •••• | •••• | -90.0% | •••• | Mumbai, Maharashtra, India |
| K D Distributors Private Limited | ₹4.95 Lakh (FY 2024) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Hitech Drives Private Limited this company | ₹4.89 Lakh (FY 2020) | •••• | •••• | -80.0% | •••• | Dist-Anand, Gujarat, India |
| The Jain China Clay Mines Pvt Ltd. | ₹4.62 Lakh (FY 2025) | •••• | •••• | -54.0% | •••• | Kolkata, West Bengal, India |
| KG Impex Private Limited | ₹4.45 Lakh (FY 2018) | •••• | •••• | -53.0% | •••• | New Delhi, Delhi, India |
| Sunymold Industry Private Limited | ₹4.4 Lakh (FY 2025) | •••• | •••• | 91.0% | •••• | Gurgaon, Haryana, India |
| Manilaxmi Traders Private Limited | ₹4.12 Lakh (FY 2024) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
| J C Tex Mach Marketing Private Limited | ₹4.08 Lakh (FY 2018) | •••• | •••• | -66.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Hitech Drives by revenue in the Engineering industry (Components Retail and Distribution), 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 Hitech Drives Private Limited
Hitech Drives Private Limited is audited by MUKUND PATEL & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUKUND PATEL & 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.
Ownership and Shareholding of Hitech Drives Private 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 Hitech Drives Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jun 2006 | Central Bank of India Limited | ₹1.33 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Hitech Drives Private Limited
Hitech Drives Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bharti Airtel Limited | Disposed |
Full case history
All 2 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 Hitech Drives Private Limited
Hitech Drives Private Limited has a workforce of 2 employees as of Mar 29, 2024.
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.
Recent Activity on Hitech Drives Private Limited
Hitech Drives Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Manoj Hariprasad Thakar ceased to be Director on 13 Apr 2018.
Credit Ratings, Litigation & Regulatory Alerts for Hitech Drives Private 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 Hitech Drives Private 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 Hitech Drives Private 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 Hitech Drives Private Limited
Hitech Drives has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Hitech Drives Private 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 Hitech Drives Private Limited
Hitech Drives is an active private limited company based in Dist-Anand, Gujarat, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 06 April 2006 (20+ years old) and is registered under CIN U29130GJ2006PTC048090.
Hitech Drives reported revenue of ₹4.89 Lakh for FY 2020 (down 80% YoY).
Hitech Drives has 2 current directors:
- Vaishali Manoj Thakar - Director
- Hariprashad Maganlal Thakar - Director
Hitech Drives reported a net loss of ₹8.4 Lakh (net margin -171.8%) and EBITDA of -₹5.74 Lakh (EBITDA margin -117.4%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hitech Drives is -37% over three years and -33% over five years. In the latest year (FY 2020) revenue fell 80%. CAGR is the steady yearly rate that links the first and the last year.
No. Hitech Drives has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Hitech Drives is U29130GJ2006PTC048090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Drives has 2 court cases on record: 2 filed against it.
Hitech Drives was incorporated on 06 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hitech Drives by revenue are Vahshika Buildcon India Private Limited, Emerging Innovations Services Private Limited, Fabrekon Tech Private Limited, Sumatinath Multitrade Private Limited, K D Distributors Private Limited and 5 more, all in the Engineering industry (Components Retail and Distribution).
Manoj Hariprasad Thakar ceased to be Director on 13 Apr 2018. Hemant Hariprasad Thakar ceased to be Director on 14 Jul 2009. Vaishali Manoj Thakar was appointed as Director on 14 Jul 2009. Hitech Drives has 4 board changes on record in total.