- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0005073

About Hi-Tech Radiators Private Limited
Data last updated:
Hi-Tech Radiators Private Limited is a private limited company based in Khopoli, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1989PTC054750. Its GSTIN is 27AAACH1033P1ZL (Maharashtra).
The company has an authorised share capital of ₹5.7 Cr and a paid-up capital of ₹5.35 Cr. It was formerly known as Hi-Tech Switchgears Private Limited. It is led by directors including Kartik Yatin Daftari (Managing Director) and Mythreyi Kalyanashndaram.
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 Plot 166/6 166/7 166/8 169 194 &198 Takai Adoshi Road, Village Dheku – Khopoli Mumbai, Maharashtra, India – 410203.
As per the financials filed for FY 2025, the company reported a revenue of ₹397.46 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹37.17 Cr (net margin 9.4%) and EBITDA of ₹64.43 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 24% over five years.
The company is associated with 1 brand: Hi-Tech Radiators. As per MCA filings, the company has open charges of ₹222.32 Cr and satisfied charges of ₹143.81 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹5.05 Cr; the latest was in March 2022. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Light and Shade Electricals Private Limited with revenue of ₹404.47 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 97 overdue payments to 23 micro and small suppliers.
Hi-Tech Radiators Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0005073). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechradiators.com.
Recognitions & Rankings of Hi-Tech Radiators
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot 166/6 166/7 166/8 169 194 &198 Takai Adoshi Road, Village Dheku – Khopoli Mumbai, Maharashtra, India – 410203
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
Associated Brands with Hi-Tech Radiators Private Limited
Hi-Tech Radiators operates one associated brand: Hi-Tech Radiators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of transformer radiators and tanks for global clients. | hitechradiators.com |
Business Activity of Hi-Tech Radiators Private Limited
The main business activity of Hi-Tech Radiators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Hi-Tech Radiators Private Limited FY 2025 filings available
Hi-Tech Radiators Private Limited reported revenue of ₹397.46 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hi-Tech Radiators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 40% growth in the latest year. EBITDA rose 65% 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 Hi-Tech Radiators 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 | ₹397.46 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹64.43 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹37.17 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 of Hi-Tech Radiators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.4% | •••• | •••• | •••• | •••• |
| 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 Hi-Tech Radiators 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 and KMP of Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited currently reports 3 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kartik Yatin Daftari Also directs: KMS Industrial Solutions LLP | Managing Director | 30 Sep 1997 | 29 Years 0 Months | Current |
| Mythreyi Kalyanashndaram Also directs: KMS Industrial Solutions LLP | Director | 19 Jun 2025 | 1 Years 4 Months | Current |
| Praveen Kumar Bhandari Also directs: Onaway Industries Limited | Cfo | 03 Aug 2024 | 2 Years 2 Months | Current |
| Yogesh Manohar Jadhav | Director | 05 Aug 2024 | 2 Years 2 Months | Current |
Peer Comparison of Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Light and Shade Electricals Private Limited | ₹404.47 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Elinwg India Private Limited | ₹402.39 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Pune, Maharashtra, India |
| Central Electronics Limited | ₹399.5 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Loom Solar Private Limited | ₹398.98 Cr (FY 2025) | •••• | •••• | 162.0% | •••• | Faridabad, Haryana, India |
| Rehlko Energy India Private Limited | ₹397.72 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Aurangabad, Maharashtra, India |
| Hi-Tech Radiators Private Limited this company | ₹397.46 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Khopoli, Maharashtra, India |
| Birla Power Solutions Limited | ₹394.64 Cr (FY 2013) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Quality Power Electrical Equipments Limited | ₹392.35 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Sangli, Maharashtra, India |
| JCB Power Products India Private Limited | ₹379.39 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Meiden T&D (India) Limited | ₹378.49 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | New Delhi, Delhi, India |
| G7 Sugar Limited | ₹377.17 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gangakhed, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hi-Tech Radiators by revenue in the Power industry (Power Equipment Manufacturers), 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 Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited is audited by G D APTE & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G D APTE & 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 Hi-Tech Radiators 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 Hi-Tech Radiators Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2025 | Hdfc Bank Limited | ₹71.01 Lakh | Open |
| 30 Apr 2024 | Others | ₹32 Lakh | Open |
| 12 May 2023 | Citi Bank N.A. | ₹45 Cr | Open |
| 25 Apr 2023 | Hdfc Bank Limited | ₹1.08 Cr | Open |
| 29 Mar 2022 | Hdfc Bank Limited | ₹1.21 Cr | Open |
Total charge records: 60 View all charges
Deals & Funding of Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹5.05 Cr; the latest was in March 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Y S daftari HUF, 2 individuals Seller: Kirit N Shah Huf, 3 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹5.05 Cr | Investors: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Y S daftari HUF, an individual Seller: 2 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Y S daftari HUF, an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited has 2 court cases on record: 2 filed by Hi-Tech Radiators. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Catapult Fincap Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against an individual | 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.
MSME Payment Delays by Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 97 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Uk's Resort Private Limited | •••• | •••• | •••• |
| Sheth Engineering Works (India) | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Hi-Tech Radiators Private Limited
Employment history and EPFO contributions of people linked to Hi-Tech Radiators.
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 Hi-Tech Radiators Private Limited
Hi-Tech Radiators Private Limited has 10 board changes on record since 1989: 7 appointments and 3 cessations. The latest: Mythreyi Kalyanashndaram was appointed as Director on 19 Jun 2025.
129 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hi-Tech Radiators 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.
Subsidiaries & Group Companies of Hi-Tech Radiators 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 Hi-Tech Radiators Private Limited
Hi-Tech Radiators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH1033P1ZL | Maharashtra | 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 Hi-Tech Radiators 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.
Related news about Hi-Tech Radiators Private Limited
Frequently Asked Questions about Hi-Tech Radiators Private Limited
Hi-Tech Radiators is an active private limited company based in Khopoli, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 December 1989 (37+ years old) and is registered under CIN U31200MH1989PTC054750.
Hi-Tech Radiators reported revenue of ₹397.46 Cr for FY 2025 (up 40% YoY).
Hi-Tech Radiators has 4 current directors and KMP:
- Kartik Yatin Daftari - Managing Director
- Mythreyi Kalyanashndaram - Director
- Yogesh Manohar Jadhav - Director
- Praveen Kumar Bhandari - Cfo
Hi-Tech Radiators reported a net profit of ₹37.17 Cr (net margin 9.4%) and EBITDA of ₹64.43 Cr (EBITDA margin 16.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hi-Tech Radiators is 20% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 40%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hi-Tech Radiators is 27AAACH1033P1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Hi-Tech Radiators is U31200MH1989PTC054750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Radiators has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Hi-Tech Radiators was incorporated on 22 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Hi-Tech Radiators has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹5.05 Cr; the latest was in March 2022.
The peers of Hi-Tech Radiators by revenue are Light and Shade Electricals Private Limited, Elinwg India Private Limited, Central Electronics Limited, Loom Solar Private Limited, Rehlko Energy India Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Mythreyi Kalyanashndaram was appointed as Director on 19 Jun 2025. Yatin Shantilal Daftari ceased to be Director on 03 May 2025. Yogesh Manohar Jadhav was appointed as Director on 05 Aug 2024. Hi-Tech Radiators has 10 board changes on record in total.