About Hitech Magnetics and Electronics Private Limited
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Hitech Magnetics and Electronics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 28 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31900KA2011PTC057891. Its GSTIN is 29AACCH6302F1ZU (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Uma Reddy and Nirmitha Cheemalavagupalli Reddy.
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 No.1 & 2 Mes Ring Road Sharadambanagar Jalahalli, Bangalore, Karnataka, India – 560013.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.87 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹54.9 Lakh (net margin 3.5%) and EBITDA of ₹89.6 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 17% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹49 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechmagnetics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.1 & 2 Mes Ring Road Sharadambanagar Jalahalli, Bangalore, Karnataka, India – 560013
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Magnetics and Electronics Private Limited
The main business activity of Hitech Magnetics and Electronics is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Magnetics and Electronics Private Limited FY 2025 filings available
Hitech Magnetics and Electronics Private Limited reported revenue of ₹15.87 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hitech Magnetics and Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 27% growth in the latest year. EBITDA rose 40% 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 Magnetics and Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹89.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.9 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 Magnetics and Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 Magnetics and Electronics 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.
Peer Comparison of Hitech Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gray Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Rashmi Heaters Private Limited | •••• | •••• | •••• | •••• | 33 | Pune, Maharashtra, India |
| Forsonic Systems Private Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| P.C.Process Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Zreyah Semiconductor Systems Private Limited | •••• | •••• | •••• | •••• | 81 | Banglaore, Karnataka, India |
| Hitech Magnetics and Electronics Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Gurupriya Tele-Auto Private Limited | •••• | •••• | •••• | •••• | - | Karnataka, India |
| Aas Commercial Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Surmount Energy Solutions Private Limited | •••• | •••• | •••• | •••• | 107 | Navi Mumbai, Maharashtra, India |
| Spry Technocon Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Amace Solutions Private Limited | •••• | •••• | •••• | •••• | 34 | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Hitech Magnetics and Electronics by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hitech Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics Private Limited is audited by G V P K R & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G V P K R & Associates | 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.
Board of Directors of Hitech Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uma Reddy | Director | 28 Mar 2011 | 15 Years 6 Months | Current |
| Nirmitha Cheemalavagupalli Reddy | Director | 28 Mar 2011 | 15 Years 6 Months | Current |
Ownership and Shareholding of Hitech Magnetics and Electronics 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 Magnetics and Electronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2025 | Hdfc Bank Limited | ₹49 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Hitech Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics Private Limited has a workforce of 24 employees as of Mar 23, 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 Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Rajashaker Seetha Reddy ceased to be Alternate Director on 12 Sep 2013.
Credit Ratings, Litigation & Regulatory Alerts for Hitech Magnetics and Electronics 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 Magnetics and Electronics 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 Magnetics and Electronics 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 Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCH6302F1ZU | Karnataka | Active | 01 Jul 2017 |
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 Magnetics and Electronics 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 Magnetics and Electronics Private Limited
Hitech Magnetics and Electronics is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 28 March 2011 (15+ years old) and is registered under CIN U31900KA2011PTC057891.
Hitech Magnetics and Electronics reported revenue of ₹15.87 Cr for FY 2025 (up 27% YoY).
Hitech Magnetics and Electronics has 2 current directors:
- Uma Reddy - Director
- Nirmitha Cheemalavagupalli Reddy - Director
Hitech Magnetics and Electronics reported a net profit of ₹54.9 Lakh (net margin 3.5%) and EBITDA of ₹89.6 Lakh (EBITDA margin 5.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hitech Magnetics and Electronics is 22% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hitech Magnetics and Electronics is 29AACCH6302F1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Hitech Magnetics and Electronics is U31900KA2011PTC057891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Magnetics and Electronics was incorporated on 28 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hitech Magnetics and Electronics by revenue are Gray Technologies Private Limited, Rashmi Heaters Private Limited, Forsonic Systems Private Limited, P.C.Process Private Limited, Zreyah Semiconductor Systems Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Rajashaker Seetha Reddy ceased to be Alternate Director on 12 Sep 2013. Nirmitha Cheemalavagupalli Reddy was appointed as Director on 28 Mar 2011. Uma Reddy was appointed as Director on 28 Mar 2011.
Hitech Magnetics and Electronics can be reached through the website hitechmagnetics.com. Its registered office is in Bangalore, Karnataka, India.