About Hitech Projects Limited
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Hitech Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2016PLC092432. Its GSTIN is 24AADCH8918G1ZJ (Gujarat).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹24 Cr. It is led by directors including Munir Kiritbhai Shah (Managing Director) and Tejas Rajendrabhai Dalal (Whole-Time Director).
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 A – 1401 Block – A West Gate Business Bay Besides Signature – 1 S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹418.98 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹31.59 Cr (net margin 7.5%) and EBITDA of ₹50.55 Cr (EBITDA margin 12.1%).
The company has about 1,135 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹202.99 Cr and satisfied charges of ₹7.34 Cr on record. Court records list 18 cases involving the company, including 1 filed by the company and 17 filed against it; 2 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2024. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 4 smaller; the largest is Jasdan Construction Private Limited with revenue of ₹422.69 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 398 overdue payments to 43 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechprojects.co.in.
Company details
CIN history
Hitech Projects has one previous CIN (Corporate Identification Number): U45201GJ2016PTC092432. The current CIN is U45201GJ2016PLC092432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201GJ2016PLC092432 | Current |
| U45201GJ2016PTC092432 | Previous |
Contact details
Hitech Projects Limited's registered office is in Ahmedabad, Gujarat.
- Social Media
- Registered AddressA – 1401 Block – A West Gate Business Bay Besides Signature – 1 S.G. Highway Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Projects Limited
FY 2025 filings availableHitech Projects Limited reported revenue of ₹418.98 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year. EBITDA fell 8% in the latest 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 | ₹50.55 Cr | ||||
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| Net Profit (PAT) | ₹31.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.1% | ||||
| Net Profit Margin | 7.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hitech Projects Limited, buy the company report.
Board of directors and KMP of Hitech Projects Limited
Hitech Projects Limited currently reports 5 directors and 2 key managerial personnel. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhavalbhai Pravinbhai Patel Also directs: Ideal Systems Limited | Company Secretary | 01 Dec 2024 | 1 Years 10 Months | Current |
| Anupriya Tanmaybhai Sutaria Also directs: Accuneo Medsys Private Limited | Director | 22 May 2025 | 1 Years 5 Months | Current |
| Jeet Kaushik Parikh Also directs: Apt Business Services LLP, Apt Accounting & Taxation Services LLP, Accutax Services LLP and 3 more | Director | 09 Jan 2025 | 1 Years 9 Months | Current |
| Munir Kiritbhai Shah | Managing Director | 13 Jun 2016 | 10 Years 4 Months | Current |
| Tejas Rajendrabhai Dalal Also directs: RTMD Projects LLP, Hitech RMC Private Limited, Hitech Contractors Private Limited and 1 more | Whole-Time Director | 13 Jun 2016 | 10 Years 4 Months | Current |
| Raj Munir Shah | Cfo | 01 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Hitech Projects Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jasdan Construction Private Limited | ₹422.69 Cr (FY 2022) | 1046171.0% | Mumbai, Maharashtra, India | |||
| Bharat Realty Venture Private Limited | ₹421.71 Cr (FY 2025) | 83.0% | Mumbai, Maharashtra, India | |||
| Hitech Projects Limitedthis company | ₹418.98 Cr (FY 2025) | ₹31.59 Cr | 7.5% | 17.0% | Ahmedabad, Gujarat, India | |
| Casa Grande Smart Value Homes Private Limited | ₹416.47 Cr (FY 2025) | 29.0% | Chennai, Tamil Nadu, India | |||
| BR Property Developers Private Limited | ₹414.49 Cr (FY 2023) | 36.0% | Bangalore, Karnataka, India | |||
| Sweta Estates Private Limited | ₹409.54 Cr (FY 2024) | 20.0% | Gurgaon, Haryana, India | |||
| Trans-Nobles Realty Private Limited | ₹408.52 Cr (FY 2025) | 363.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Hitech Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101190563 | Others | ₹8 Cr | Open | |
| 22 Aug 2025 | 101147508 | Others | ₹85 Lakh | Open | |
| 10 Jun 2025 | 101111987 | Others | ₹85 Lakh | Open | |
| 10 Jun 2025 | 101111961 | Others | ₹85 Lakh | Open | |
| 06 Jun 2025 | 101153096 | Others | ₹40 Lakh | Open |
To see the full charge records of Hitech Projects Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Hitech Projects Limited has 1 deal on record (1 secondary share transfer); the latest was in January 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitech Projects Limited has 18 court cases on record: 1 filed by Hitech Projects, 17 filed against it. 2 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (CHI) | Filed against the company by State of Haryana | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Faridabad, Haryana | Court case (CHI) | Filed against the company by State of Haryana | Disposed |
| District court, Ahmedabad, Gujarat | Court case (DST-LC) | Filed against the company by an individual | Disposed |
| District court, Faridabad, Haryana | Court case (CHI) | Filed against the company by State of Haryana | Disposed |
To see the full case history of Hitech Projects 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
Hitech Projects Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 398 overdue payments to 43 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Vadol Corporation | |||
| Bhumi Research Centre |
To see the full MSME payment records of Hitech Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Hitech Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH8918G1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitech Projects Limited, buy the company report.
Recent activity
Hitech Projects Limited has 13 board changes on record since 2016: 7 appointments and 6 cessations. The latest: Anupriya Tanmaybhai Sutaria ceased to be Additional Director on 04 Jun 2025.
88 earlier events are in the company report.
Frequently asked questions
Hitech Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 June 2016 (10+ years old) and is registered under CIN U45201GJ2016PLC092432.
Hitech Projects has 7 current directors and KMP:
- Munir Kiritbhai Shah - Managing Director
- Tejas Rajendrabhai Dalal - Whole-Time Director
- Anupriya Tanmaybhai Sutaria - Director
- Jeet Kaushik Parikh - Director
- Hardik Pravinkumar Modh - Director
- Dhavalbhai Pravinbhai Patel - Company Secretary
- Raj Munir Shah - Cfo
The latest financial statements of Hitech Projects 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 FY 2017 are in the company report.
The GSTIN of Hitech Projects is 24AADCH8918G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Hitech Projects is U45201GJ2016PLC092432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Projects has 18 court cases on record: 1 filed by the company and 17 filed against it. 2 are pending. Most are in the district courts.
Hitech Projects was incorporated on 13 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hitech Projects has 1 deal on record (1 secondary share transfer); the latest was in January 2024.
The peers of Hitech Projects by revenue are Jasdan Construction Private Limited, Bharat Realty Venture Private Limited, Casa Grande Smart Value Homes Private Limited, BR Property Developers Private Limited, Sweta Estates Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Anupriya Tanmaybhai Sutaria ceased to be Additional Director on 04 Jun 2025. Hardik Pravinkumar Modh ceased to be Additional Director on 04 Jun 2025. Jeet Kaushik Parikh ceased to be Additional Director on 04 Jun 2025. Hitech Projects has 13 board changes on record in total.
Hitech Projects has 10 MSME Form 1 returns on record between 2020 and 2024, listing 398 overdue payments to 43 micro and small suppliers. The latest return was filed on 01 May 2024.
Hitech Projects can be reached through the website hitechprojects.co.in. Its registered office is in Ahmedabad, Gujarat, India.