About HLS Asia Limited
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HLS Asia Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Austin Energy Services Private Limited. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 18 October 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U11201DL1985PLC022279. Its GSTIN is 07AAACH0627H1ZY (Delhi). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹40.22 Cr. It is led by directors including Rajiv Kapuria and Deepali Kohli.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 109 Aurobindo Place Market Hauz Khas, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹221.55 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹55.8 Cr (net margin 25.2%) and EBITDA of ₹94.71 Cr (EBITDA margin 42.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 13% over five years.
The company has about 237 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HLS Asia. As per MCA filings, the company has open charges of ₹105 Cr and satisfied charges of ₹23.25 Cr on record. Court records list 48 cases involving the company, including 32 filed by the company and 16 filed against it; 2 cases are pending. The company has 38 deals on record (27 secondary share transfers, 11 funding rounds), with disclosed funding of ₹1.15 Cr; the latest was in December 2023. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 102 overdue payments to 27 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 hlsasia.com.
Company details
Contact details
HLS Asia Limited's registered office is in New Delhi, Delhi. Its website is hlsasia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address109 Aurobindo Place Market Hauz Khas, New Delhi, Delhi, India – 110016
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of HLS Asia Limited, buy the company report.
- 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
Brands
HLS Asia operates one associated brand: HLS Asia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of wire-line logging, slickline, perforation and related services to upstream oil companies | hlsasia.com |
Business activity
The main business activity of HLS Asia is mining and quarrying. In detail, this covers mining support services activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B5 | Mining Support Services activities |
To see the full business activity and turnover split of HLS Asia Limited, buy the company report.
Financials of HLS Asia Limited
FY 2025 filings availableHLS Asia Limited reported revenue of ₹221.55 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 23% 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 |
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| EBITDA | ₹94.71 Cr | ||||
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| Net Profit (PAT) | ₹55.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 42.7% | ||||
| Net Profit Margin | 25.2% | ||||
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To see the full financial statements and ratios of HLS Asia Limited, buy the company report.
Board of directors of HLS Asia Limited
HLS Asia has 8 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Kapuria Also directs: Hlsa Solutions Private Limited | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
| Deepali Kohli Also directs: Shivenza Hospitality LLP, Hlsa Solutions Private Limited, Creative Travel Private Limited and 3 more | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Asheesh Kumar Gupta Also directs: Vedica Foundation, Samarth Life Management Private Limited, Samarth Community Forum and 1 more | Alternate Director | 05 Mar 2025 | 1 Years 7 Months | Current |
| Anjali Grover | Director | 03 Dec 2012 | 13 Years 11 Months | Current |
| Wael Khairy Elsayed Mekkawy | Director | 06 Nov 2023 | 2 Years 11 Months | Current |
| Bharathwaj Kannan Srinivas Also directs: Halliburton India Operations Private Limited | Director | 06 Nov 2023 | 2 Years 11 Months | Current |
Auditor
HLS Asia Limited is audited by S.N. Dhawan & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2023 | 000050N/N500045 |
Shareholding
The shareholding of HLS Asia 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 HLS Asia Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2014 | 10507501 | Yes Bank Limited | ₹50 Cr | Open | |
| 22 Apr 2004 | 80014417 | Icici Bank Limited | ₹55 Cr | Open | |
| 29 Apr 2009 | 10163000 | Axis Bank Limited | ₹13.25 Cr | Satisfied | |
| 17 Mar 2009 | 10150881 | Axis Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of HLS Asia Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
HLS Asia Limited has 38 deals on record (27 secondary share transfers, 11 funding rounds), with disclosed funding of ₹1.15 Cr; the latest was in December 2023.
Deals on record (5 of 38)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Austin Energy Services Private Limited Seller: an individual |
| May 2023 | Secondary share transfer | Undisclosed | Buyer: Austin Energy Services Private Limited Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Austin Energy Services Private Limited , an individual |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: Austin Energy Services Private Limited Seller: an individual |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Austin Energy Services Private Limited Seller: an individual |
To see the full deal history of HLS Asia Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HLS Asia Limited has 48 court cases on record: 32 filed by HLS Asia, 16 filed against it. 2 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 10 | 2 |
| Supreme Court | 7 | 5 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by NTPC Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by NTPC Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Jay Polychem (India) Ltd. Ors. | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by NTPC Ltd | Disposed |
| High Court of Delhi | Court case (FAO(OS)) | Filed against the company by NTPC Ltd | Disposed |
To see the full case history of HLS Asia 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
HLS Asia Limited was last rated by Crisil on 25 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Feb 2020 |
To see the full credit ratings and regulatory alerts of HLS Asia Limited, buy the company report.
MSME payment delays
HLS Asia Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 102 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Transbucks Heavy Lifters Private Limited | |||
| M and M Engineers (Gujarat) Private Limited | |||
| an individual supplier | |||
| Sukhdev Explosives Private Limited |
To see the full MSME payment records of HLS Asia Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
HLS Asia Limited has a workforce of 237 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
HLS Asia has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACH0627H1ZY | Delhi | Active | 01 Jul 2017 |
| 09AAACH0627H1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAACH0627H1Z2 | Gujarat | Active | 01 Jul 2017 |
| 27AAACH0627H1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HLS Asia Limited, buy the company report.
Recent activity
HLS Asia Limited has 43 board changes on record since 2005: 8 appointments and 35 cessations. The latest: George Christopher Tevis was appointed as Director on 11 May 2025.
44 earlier events are in the company report.
Frequently asked questions
HLS Asia is an active public limited company based in New Delhi, Delhi, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 18 October 1985 (41+ years old) and is registered under CIN U11201DL1985PLC022279.
HLS Asia has 8 current directors:
- Rajiv Kapuria - Director
- Deepali Kohli - Director
- Asheesh Kumar Gupta - Alternate Director
- Anjali Grover - Director
- Wael Khairy Elsayed Mekkawy - Director
- Bharathwaj Kannan Srinivas - Director
- George Christopher Tevis - Director
- Savmit Grover - Director
The latest financial statements of HLS Asia on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HLS Asia is 07AAACH0627H1ZY, registered in Delhi. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 09AAACH0627H1ZU (Uttar Pradesh), 24AAACH0627H1Z2 (Gujarat), 27AAACH0627H1ZW (Maharashtra).
The CIN (Corporate Identification Number) of HLS Asia is U11201DL1985PLC022279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HLS Asia has 48 court cases on record: 32 filed by the company and 16 filed against it. 2 are pending. Most are in the high courts.
HLS Asia was incorporated on 18 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Delhi.
HLS Asia has 38 deals on record (27 secondary share transfers, 11 funding rounds), with disclosed funding of ₹1.15 Cr; the latest was in December 2023.
George Christopher Tevis was appointed as Director on 11 May 2025. George Christopher Tevis ceased to be Alternate Director on 18 Mar 2025. Asheesh Kumar Gupta was appointed as Alternate Director on 05 Mar 2025. HLS Asia has 43 board changes on record in total.
HLS Asia has 11 MSME Form 1 returns on record between 2021 and 2024, listing 102 overdue payments to 27 micro and small suppliers. The latest return was filed on 30 Apr 2024.
HLS Asia can be reached through the website hlsasia.com. Its registered office is in New Delhi, Delhi, India.
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