India's Richest People 2026 edition · 1 director · Source: Hurun India
- #48 Ina Ashwin Dani & Family ₹55,300 Cr
Revenue · FY 2025
₹82.17 Cr
▼ 24% YoY
Net loss · FY 2025
₹2.72 Cr
Net margin -3.3%
EBITDA · FY 2025
₹84.42 Lakh
EBITDA margin 1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹24 Cr
Satisfied ₹15 Lakh
Company age
48 yrs
Est. 1978
Employees · EPFO
37
Provident fund records
About Hitech Specialities Solutions Private Limited
Data last updated:
Hitech Specialities Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Geetanjali Trading And Investments Private Limited. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 04 November 1978 and has been in existence for over 48 years.
Its director Ina Ashwin Dani and Family is #48 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1978PTC020745. Its GSTIN is 27AACCC2732N1ZK (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Rangudyan Trading Investment Company Limited and Rangudyan Trading Investment Company Private Limited. It is led by directors including Ina Ashwin Dani and Harish Narendra Motiwalla.
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 205 2nd Floor Welspun House Kamala City Senapati Bapat Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.17 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹2.72 Cr (net margin -3.3%) and EBITDA of ₹84.42 Lakh (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 11% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24 Cr and satisfied charges of ₹15 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2007. Its 3 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is DBL Ventures Private Limited with revenue of ₹84.42 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 112 overdue payments to 22 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 hitechgroup.com.
Company details
CIN U65990MH1978PTC020745
Registration Number 020745
Incorporation Date 04 November 1978
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Geetanjali Trading And Investments Private Limited
Compliance Status Active Compliant
Name history
Hitech Specialities Solutions has undergone 3 name changes throughout its history. The company was previously known as Rangudyan Trading Investment Company Limited, Rangudyan Trading Investment Company Private Limited, and Coatings Specialities (India) Limited. The current legal name is Hitech Specialities Solutions Private Limited.
| Company Name | Status |
|---|---|
| Hitech Specialities Solutions Private Limited | Current |
| Rangudyan Trading Investment Company Limited | Previous |
| Rangudyan Trading Investment Company Private Limited | Previous |
| Coatings Specialities (India) Limited | Previous |
CIN history
Hitech Specialities Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65990MH1978PTC020745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65990MH1978PTC020745 | Current |
| U65990MH1978PLC020745 | Previous |
| L65990MH1978PLC020745 | Previous |
Recognitions & Rankings of Hitech Specialities Solutions
Contact details
Hitech Specialities Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is hitechgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 205 2nd Floor Welspun House Kamala City Senapati Bapat Marg Lower Parel (W), Mumbai, Maharashtra, India – 400013
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Hitech Specialities Solutions Private Limited, buy the company report.
Comprehensive company report
Hitech Specialities Solutions 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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Business activity
The main business activity of Hitech Specialities Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hitech Specialities Solutions Private Limited, buy the company report.
Financials of Hitech Specialities Solutions Private Limited
FY 2025 filings availableHitech Specialities Solutions Private Limited reported revenue of ₹82.17 Cr (down 24% YoY) for FY 2025.
Revenue · FY 2025
₹82.17 Cr ▼ 24%
Net loss · FY 2025
₹2.72 Cr margin -3.3%
EBITDA · FY 2025
₹84.42 Lakh margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 22%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 74%
3 years · compounded
▼ 63%
5 years · compounded
▼ 30%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 24% fall in the latest year. EBITDA fell 74% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹84.42 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.72 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 | 1% | ||||
| Net Profit Margin | -3.3% | ||||
| 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 Hitech Specialities Solutions Private Limited, buy the company report.
Board of directors of Hitech Specialities Solutions Private Limited
Hitech Specialities Solutions has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ina Ashwin Dani | Director | 31 Mar 1998 | 28 Years 7 Months | Current |
| Harish Narendra Motiwalla Also directs: Orient Ceratech Limited, Ashapura Perfoclay Limited, Ashapura Industrial Finance Limited and 1 more | Director | 15 Mar 2024 | 2 Years 7 Months | Current |
| Anjan Ray Also directs: Hitech Corporation Limited, Ivar Carbons Private Limited, Zedbee Technologies Private Limited and 1 more | Director | 10 Aug 2023 | 3 Years 3 Months | Current |
| Atul Rakesh Sethi Also directs: Pareesattva Consulting LLP | Director | 05 May 2017 | 9 Years 6 Months | Current |
Peer comparison
Hitech Specialities Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DBL Ventures Private Limited | ₹84.42 Cr (FY 2025) | -8.0% | Thane, Maharashtra, India | |||
| Radiant Polychem Private Limited | ₹83.59 Cr (FY 2024) | 4.0% | Delhi, India | |||
| Hitech Specialities Solutions Private Limitedthis company | ₹82.17 Cr (FY 2025) | -₹2.72 Cr | -3.3% | -24.0% | 37 | Mumbai, Maharashtra, India |
| Polo Queen Industrial and Fintech Limited | ₹81.58 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hitech Specialities Solutions Private Limited, buy the company report.
Auditor
Hitech Specialities Solutions Private Limited is audited by M/s Kastury & Talati for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s Kastury & Talati | FY 2023 | 104908W |
Shareholding
The shareholding of Hitech Specialities Solutions 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 Hitech Specialities Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24 Cr
Satisfied charges
₹15 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2024 | 100867926 | The Zoroastrian Co-Operative Bank Limited | ₹17 Cr | Open | |
| 02 Aug 2006 | 10013429 | Kotak Mahindra Bank Limited | ₹4 Cr | Open | |
| 15 Apr 2005 | 90241424 | Others | ₹3 Cr | Open | |
| 22 Mar 2017 | 100130977 | Others | ₹15 Lakh | Satisfied |
To see the full charge records of Hitech Specialities Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Hitech Specialities Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Geetanjali Trading and Investments Private Limited , Geetanjali Trading and Investments Private Limited & Malav A. Dani, Geetanjali Trading and Investments Private Limited & Bhupendra Parsottam Dusara Seller: Rangkala Investments Div. of Gujarat Organics Ltd, Dani Finance and Investment Company Private Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitech Specialities Solutions Private Limited has 1 court case on record: 1 filed by Hitech Specialities Solutions. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Hitech Specialities Solutions 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.
MSME payment delays
Hitech Specialities Solutions Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 112 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Paladin Paints & Chemicals Private Limited | |||
| Thor Chemicals India Private Limited | |||
| an individual supplier | |||
| Pacific Blue Cargo Private Limited | |||
| Ishaan Bio Limited |
To see the full MSME payment records of Hitech Specialities Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hitech Specialities Solutions Private Limited has a workforce of 37 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
37
Active EPFO establishments
1
Employee growth
-14%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 37 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Hitech Specialities Solutions Private Limited, buy the company report.
GST
Hitech Specialities Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCC2732N1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitech Specialities Solutions Private Limited, buy the company report.
Recent activity
Hitech Specialities Solutions Private Limited has 21 board changes on record since 1998: 7 appointments and 14 cessations. The latest: Viveckanand Krishnnaswami was appointed as CEO on 03 Nov 2025.
Appointed
Viveckanand Krishnnaswami was appointed as CEO.
AGM
Hitech Specialities Solutions Private Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Appointed
Patrick Lalchandra Meinrad was appointed as CFO.
Charges
A charge with Others of Rs. 3.00 Cr registered on 15 Apr 2005 with Charge ID 90241424 was modified on 28 Apr 2025.
Filing
Hitech Specialities Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Anjan Ray ceased to be Additional Director.
Ceased
Harish Narendra Motiwalla ceased to be Additional Director.
Ceased
Rahul Uday Prabhudesai ceased to be Additional Director.
Appointed
Harish Narendra Motiwalla was appointed as Director.
Charges
A charge with The Zoroastrian Co-Operative Bank Limited amounted to Rs. 17.00 Cr with Charge ID 100867926 was registered on 31 Jan 2024.
Appointed
Anjan Ray was appointed as Director.
Ceased
Ashwin Suryakant Dani ceased to be Additional Director.
19 earlier events are in the company report.
News
Frequently asked questions
Hitech Specialities Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 04 November 1978 (48+ years old) and is registered under CIN U65990MH1978PTC020745.
Hitech Specialities Solutions has 4 current directors:
- Ina Ashwin Dani - Director
- Harish Narendra Motiwalla - Director
- Anjan Ray - Director
- Atul Rakesh Sethi - Director
The latest financial statements of Hitech Specialities Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitech Specialities Solutions is 27AACCC2732N1ZK, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Hitech Specialities Solutions is U65990MH1978PTC020745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitech Specialities Solutions has 1 court case on record: 1 filed by the company.
Hitech Specialities Solutions was incorporated on 04 November 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Hitech Specialities Solutions has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
The peers of Hitech Specialities Solutions by revenue are DBL Ventures Private Limited, Radiant Polychem Private Limited, Polo Queen Industrial and Fintech Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Viveckanand Krishnnaswami was appointed as CEO on 03 Nov 2025. Patrick Lalchandra Meinrad was appointed as CFO on 18 Jul 2025. Anjan Ray ceased to be Additional Director on 05 Aug 2024. Hitech Specialities Solutions has 21 board changes on record in total.
Hitech Specialities Solutions has 8 MSME Form 1 returns on record between 2019 and 2023, listing 112 overdue payments to 22 micro and small suppliers. The latest return was filed on 27 Oct 2023.
Hitech Specialities Solutions can be reached through the website hitechgroup.com. Its registered office is in Mumbai, Maharashtra, India.
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