MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0005073
Hi-Tech Radiators Private Limited - energy and power in Khopoli, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹397.46 Cr
▲ 40% YoY
Net profit · FY 2025
₹37.17 Cr
Net margin 9.4%
EBITDA · FY 2025
₹64.43 Cr
EBITDA margin 16.2%
Authorised capital
₹5.7 Cr
Registered with MCA
Paid-up capital
₹5.35 Cr
Issued & subscribed
Open charges
₹222.32 Cr
Satisfied ₹143.81 Cr
Company age
37 yrs
Est. 1989
Directors on board
4
As per MCA filings
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 5 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Elinwg India Private Limited with revenue of ₹402.39 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.
Company details
CIN U31200MH1989PTC054750
Registration Number 054750
Incorporation Date 22 December 1989
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0005073
Key People
Kartik Yatin Daftari Managing Director Praveen Kumar Bhandari Cfo Mythreyi Kalyanashndaram Director Recognitions & Rankings of Hi-Tech Radiators
Contact details
Hi-Tech Radiators Private Limited's registered office is in Khopoli, Maharashtra. Its website is hitechradiators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- 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
To see the full contact details of Hi-Tech Radiators Private Limited, buy the company report.
Comprehensive company report
Hi-Tech Radiators Private Limited - one report that includes everything
- 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
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Brands
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Hi-Tech Radiators Private Limited, buy the company report.
Financials of Hi-Tech Radiators Private Limited
FY 2025 filings availableHi-Tech Radiators Private Limited reported revenue of ₹397.46 Cr (up 40% YoY) for FY 2025.
Revenue · FY 2025
₹397.46 Cr ▲ 40%
Net profit · FY 2025
₹37.17 Cr margin 9.4%
EBITDA · FY 2025
₹64.43 Cr margin 16.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 20%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▲ 72%
5 years · compounded
▲ 46%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Hi-Tech Radiators Private Limited, buy the company report.
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.
Current Directors and KMP
| 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
Hi-Tech Radiators Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elinwg India Private Limited | ₹402.39 Cr (FY 2025) | 75.0% | Pune, Maharashtra, India | |||
| Rehlko Energy India Private Limited | ₹397.72 Cr (FY 2025) | -10.0% | Aurangabad, Maharashtra, India | |||
| Hi-Tech Radiators Private Limitedthis company | ₹397.46 Cr (FY 2025) | ₹37.17 Cr | 9.4% | 40.0% | Khopoli, 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 |
To see the full peer comparison of Hi-Tech Radiators Private Limited, buy the company report.
Auditor
Hi-Tech Radiators Private Limited is audited by G D APTE & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G D APTE & CO. | FY 2023 | 100515W |
Shareholding
The shareholding of Hi-Tech Radiators Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hi-Tech Radiators Private Limited, buy the company report.
Charges & borrowings
Open charges
₹222.32 Cr
Satisfied charges
₹143.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2025 | 101217318 | Hdfc Bank Limited | ₹71.01 Lakh | Open | |
| 30 Apr 2024 | 100925561 | Others | ₹32 Lakh | Open | |
| 12 May 2023 | 100725820 | Citi Bank N.A. | ₹45 Cr | Open | |
| 25 Apr 2023 | 100722276 | Hdfc Bank Limited | ₹1.08 Cr | Open | |
| 29 Mar 2022 | 100564544 | Hdfc Bank Limited | ₹1.21 Cr | Open |
To see the full charge records of Hi-Tech Radiators Private Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
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.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹5.05 Cr
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hi-Tech Radiators Private Limited has 2 court cases on record: 2 filed by Hi-Tech Radiators. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High 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 I.M.P. Power Ltd., and 2 others | Disposed |
| High Court | Court case (CARAP) | Filed by the company against an individual | Disposed |
To see the full case history of Hi-Tech Radiators 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.
Credit ratings & regulatory alerts
Hi-Tech Radiators Private Limited was last rated by Crisil on 18 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Dec 2019 |
To see the full credit ratings and regulatory alerts of Hi-Tech Radiators Private Limited, buy the company report.
MSME payment delays
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) |
To see the full MSME payment records of Hi-Tech Radiators Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Hi-Tech Radiators has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH1033P1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Tech Radiators Private Limited, buy the company report.
Recent activity
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.
Charges
A charge registered on 26 Nov 2021 via Charge ID 100519147 with Others was fully satisfied on 06 May 2026.
Charges
A charge registered on 27 Aug 2024 via Charge ID 100966018 with Citi Bank N.A. was fully satisfied on 07 Apr 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.71 Cr with Charge ID 101217318 was registered on 20 Dec 2025.
Charges
A charge with Others of Rs. 54.00 Cr registered on 09 Dec 2005 with Charge ID 80026313 was modified on 06 Oct 2025.
Charges
A charge with Others of Rs. 87.00 Cr registered on 15 Apr 1998 with Charge ID 90235842 was modified on 06 Oct 2025.
AGM
Hi-Tech Radiators Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Citi Bank N.A. of Rs. 45.00 Cr registered on 12 May 2023 with Charge ID 100725820 was modified on 26 Jun 2025.
Appointed
Mythreyi Kalyanashndaram was appointed as Director.
Ceased
Yatin Shantilal Daftari ceased to be Director.
Filing
Hi-Tech Radiators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Citi Bank N.A. amounted to Rs. 29.40 Cr with Charge ID 100966018 was registered on 27 Aug 2024.
Appointed
Yogesh Manohar Jadhav was appointed as Director.
129 earlier events are in the company report.
News
Frequently asked questions
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 has 4 current directors and KMP:
- Kartik Yatin Daftari - Managing Director
- Mythreyi Kalyanashndaram - Director
- Yogesh Manohar Jadhav - Director
- Praveen Kumar Bhandari - Cfo
The latest financial statements of Hi-Tech Radiators 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 2015 are in the company report.
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 district 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 Elinwg India Private Limited, Rehlko Energy India Private Limited, Quality Power Electrical Equipments Limited, JCB Power Products India Private Limited, Meiden T&D (India) Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.
Yes, Hi-Tech Radiators is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0005073).
Hi-Tech Radiators has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 97 overdue payments to 23 micro and small suppliers. The latest return was filed on 27 Apr 2024.