About Hitech Engineering Corporation India Private Limited
Data last updated:
Hitech Engineering Corporation India Private Limited was a private limited company based in Baramati, Maharashtra, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 June 2008.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74200PN2008PTC132311. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹9 Cr and a paid-up capital of ₹5.11 Cr. It was led by directors Sanjay Jyotiram Awate (Managing Director) and Rajendra Chandrakant Ingawale.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at G – 17 MIDC Baramati, Maharashtra, India – 413102.
As per the financials filed for FY 2015, the company reported a revenue of ₹187.07 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹14.88 Cr (net margin 8%) and EBITDA of ₹22.57 Cr (EBITDA margin 12.1%).
The company had about 82 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹54.69 Cr on record. Court records list 74 cases involving the company, including 8 filed by the company and 66 filed against it; 11 cases are pending.
The last known website on record is hitecheng.in.
Company details
Contact details
Hitech Engineering Corporation India Private Limited's registered office is in Baramati, Maharashtra. Its website is hitecheng.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressG – 17 MIDC Baramati, Maharashtra, India – 413102
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Hitech Engineering Corporation India 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 Engineering Corporation India Private Limited
FY 2015 filings availableHitech Engineering Corporation India Private Limited reported revenue of ₹187.07 Cr (down 40% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year. EBITDA fell 14% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹187.07 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹22.57 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹14.88 Cr |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 12.1% |
| Net Profit Margin | 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 | |
To see the full financial statements and ratios of Hitech Engineering Corporation India Private Limited, buy the company report.
Board of directors of Hitech Engineering Corporation India Private Limited
Hitech Engineering Corporation India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Chandrakant Ingawale | Director | 25 Jun 2008 | 18 Years 4 Months | As last reported |
| Sanjay Jyotiram Awate | Managing Director | 25 Jun 2008 | 18 Years 4 Months | As last reported |
Peer comparison
Hitech Engineering Corporation India Private Limited is compared with the 3 companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hitech Engineering Corporation India Private Limitedthis company | ₹187.07 Cr (FY 2015) | ₹14.88 Cr | 8% | -40.0% | Baramati, Maharashtra, India | |
| Asia (Chennai) Engineering Company Private Limited | ₹184.72 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Classic Civil Engineers Private Limited | ₹182.38 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Delta Galaxy Engineering Services Limited | ₹174.48 Cr (FY 2024) | 120.0% | Patna, Bihar, India |
To see the full peer comparison of Hitech Engineering Corporation India Private Limited, buy the company report.
Auditor
Hitech Engineering Corporation India Private Limited is audited by D.B. GANDHI & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.B. GANDHI & ASSOCIATES | FY 2015 | 102977W |
Shareholding
The shareholding of Hitech Engineering Corporation India Private Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Hitech Engineering Corporation India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2013 | 10407382 | Lokseva Sahakari Bank Limited | ₹50 Lakh | Open | |
| 03 Sep 2012 | 10377693 | Bharati Sahakari Bank Ltd. | ₹3 Cr | Open | |
| 28 Aug 2012 | 10377697 | Bharati Sahakari Bank Ltd. | ₹3.5 Cr | Open | |
| 11 Jul 2012 | 10373141 | Bharati Sahakari Bank Ltd. | ₹2.75 Cr | Open | |
| 05 Aug 2009 | 10173274 | Bank of Maharashtra | ₹44.69 Cr | Open |
To see the full charge records of Hitech Engineering Corporation India Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Hitech Engineering Corporation India Private Limited has 74 court cases on record: 8 filed by Hitech Engineering Corporation India, 66 filed against it. 11 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 46 | 10 |
| High courts | 24 | 17 | 1 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Fabtech Projects and Engineers Ltd.,Through Nitin Metkari and Ms.Konika Jain | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Dmsons Metal Private Limited. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Premier Road Carriers Ltd. Through Shamsuddin Shaikh | Disposed |
| Bombay High Court | Appeal | Filed against the company by Shree Sai Industries Pvt Ltd | Disposed |
| Bombay High Court | Appeal | Filed against the company by Dmson's Metal Pvt. Ltd. | Disposed |
To see the full case history of Hitech Engineering Corporation India 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 Engineering Corporation India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hitech Engineering Corporation India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hitech Engineering Corporation India Private Limited, buy the company report.
Recent activity
Hitech Engineering Corporation India Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Rajendra Chandrakant Ingawale ceased to be Director on 30 Aug 2016.
6 earlier events are in the company report.
Frequently asked questions
Hitech Engineering Corporation India has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Hitech Engineering Corporation India was a private limited company based in Baramati, Maharashtra, India. The company worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 25 June 2008 and is registered under CIN U74200PN2008PTC132311. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Hitech Engineering Corporation India was incorporated on 25 June 2008. It is registered with the Registrar of Companies, Pune.
Hitech Engineering Corporation India had 2 directors:
- Sanjay Jyotiram Awate - Managing Director
- Rajendra Chandrakant Ingawale - Director
The CIN (Corporate Identification Number) of Hitech Engineering Corporation India is U74200PN2008PTC132311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Hitech Engineering Corporation India is at G – 17 MIDC Baramati, Maharashtra, India – 413102.
Hitech Engineering Corporation India can be reached through the website hitecheng.in. Its registered office is in Baramati, Maharashtra, India.
The latest financial statements of Hitech Engineering Corporation India on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Hitech Engineering Corporation India has 1 GST registration on record and it is cancelled or inactive.
Hitech Engineering Corporation India operated in the machinery and equipment industry, in the industrial machinery manufacturing segment.
The peers of Hitech Engineering Corporation India by revenue are Asia (Chennai) Engineering Company Private Limited, Classic Civil Engineers Private Limited, Delta Galaxy Engineering Services Limited, all in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities).
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