Hi-Tech Radiators Private Limited

Hi-Tech Radiators Private Limited - energy and power in Khopoli, Maharashtra, India. FY 2026 financials & compliance.
CIN U31200MH1989PTC054750 Incorporated 22 December 1989 ROC Mumbai HQ Khopoli, Maharashtra, India
Active Private Limited Company energy and power MSME · Medium
Data last updated
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 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.

Company Details of Hi-Tech Radiators Private Limited
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

Recognitions & Rankings of Hi-Tech Radiators

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-33-0005073
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    Plot 166/6 166/7 166/8 169 194 &198 Takai Adoshi Road, Village Dheku – Khopoli Mumbai, Maharashtra, India – 410203
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Hi-Tech Radiators Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

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.

BrandDescriptionWebsite
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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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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.

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) of Hi-Tech Radiators Private Limited

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 of Hi-Tech Radiators Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin16.2%••••••••••••••••
Net Profit Margin9.4%••••••••••••••••
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.

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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
NameDesignationAppointment DateTenureStatus
Kartik Yatin DaftariManaging Director30 Sep 199729 Years 0 MonthsCurrent
Mythreyi KalyanashndaramDirector19 Jun 20251 Years 4 MonthsCurrent
Praveen Kumar BhandariCfo03 Aug 20242 Years 2 MonthsCurrent
Yogesh Manohar JadhavDirector05 Aug 20242 Years 2 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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.

NameStatusAppointment DateCessation Date
G D APTE & CO.LockedLockedLocked
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Ownership and Shareholding of Hi-Tech Radiators Private Limited

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Charges & Borrowings of Hi-Tech Radiators Private Limited

Open charges
₹222.32 Cr
Satisfied charges
₹143.81 Cr
Breakdown by lending institutions
Others₹174.32 Cr
Citi Bank N.A.₹45.00 Cr
Hdfc Bank Limited₹3.00 Cr
Latest charge details
DateLenderAmountStatus
20 Dec 2025Hdfc Bank Limited₹71.01 LakhOpen
30 Apr 2024Others₹32 LakhOpen
12 May 2023Citi Bank N.A.₹45 CrOpen
25 Apr 2023Hdfc Bank Limited₹1.08 CrOpen
29 Mar 2022Hdfc Bank Limited₹1.21 CrOpen

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.

Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹5.05 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Mar 2022Secondary share transferUndisclosedBuyer: Y S daftari HUF, 2 individuals
Seller: Kirit N Shah Huf, 3 individuals
Aug 2017Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2009Funding round₹5.05 CrInvestors: 2 individuals
Mar 2009Secondary share transferUndisclosedBuyer: Y S daftari HUF, an individual
Seller: 2 individuals
Mar 2008Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Y S daftari HUF, an individual
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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)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Uk's Resort Private Limited••••••••••••
Sheth Engineering Works (India)••••••••••••
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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

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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.

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 listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Hi-Tech Radiators Private Limited

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Subsidiaries & Group Companies of Hi-Tech Radiators Private Limited

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GST Compliance of Hi-Tech Radiators Private Limited

Hi-Tech Radiators has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACH1033P1ZLMaharashtraActive01 Jul 2017
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MCA Filings & Documents of Hi-Tech Radiators Private Limited

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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:

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.

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