- Total income
- ₹611 Cr
- Profit
- ₹68 Cr

About Hoganas India Private Limited
Data last updated:
Hoganas India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Hoganas Ab. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 30 July 1986 and has been in existence for over 40 years.
Hoganas India is ranked #416 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27109PN1986FTC040525. Its GSTIN is 27AAACH5156K1ZF (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.24 Cr. It was formerly known as Hoganas India Ltd. and Hoganas India Limited. It is led by directors Munish Sharma (Managing Director) and Sunil Muralidharan (Whole-Time Director).
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 No 28 Hadapsar Industrial Estate Hadapsar, Pune, Maharashtra, India – 411013.
As per the financials filed for FY 2025, the company reported a revenue of ₹611.2 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹67.81 Cr (net margin 11.1%) and EBITDA of ₹99.17 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 16% over five years.
The company has about 85 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hoganas. As per MCA filings, the company has open charges of ₹12.3 Cr and satisfied charges of ₹20.29 Cr on record. Court records list 49 cases involving the company, including 20 filed by the company and 29 filed against it; 11 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2010. Its 3 peer companies in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Nav Durga Fuel Private Limited with revenue of ₹692.65 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 14 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 hoganas.com.
Company details
Name history
Hoganas India has undergone 2 name changes throughout its history. The company was previously known as Hoganas India Ltd., and Hoganas India Limited. The current legal name is Hoganas India Private Limited.
| Company Name | Status |
|---|---|
| Hoganas India Private Limited | Current |
| Hoganas India Ltd. | Previous |
| Hoganas India Limited | Previous |
CIN history
Hoganas India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27109PN1986FTC040525, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109PN1986FTC040525 | Current |
| U99999PN1986FLC040525 | Previous |
| U99999PN1986PLC040525 | Previous |
| U27109PN1986FLC040525 | Previous |
Recognitions & Rankings of Hoganas India
Contact details
Hoganas India Private Limited's registered office is in Pune, Maharashtra. Its website is hoganas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 28 Hadapsar Industrial Estate Hadapsar, Pune, Maharashtra, India – 411013
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Hoganas India Private 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
Hoganas India operates one associated brand: Hoganas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Metal powders for additive manufacturing are developed and produced. | hoganas.com |
Business activity
The main business activity of Hoganas India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Hoganas India Private Limited, buy the company report.
Financials of Hoganas India Private Limited
FY 2025 filings availableHoganas India Private Limited reported revenue of ₹611.2 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 7% growth in the latest year. EBITDA rose 11% 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 | ₹611.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹99.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67.81 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 | 11.1% | ||||
| 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 Hoganas India Private Limited, buy the company report.
Board of directors and KMP of Hoganas India Private Limited
Hoganas India Private Limited currently reports 2 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Muralidharan | Whole-Time Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Rajendra Kumar Sarangi | Company Secretary | 24 Jun 2009 | 17 Years 4 Months | Current |
| Munish Sharma | Managing Director | 05 Jul 2024 | 2 Years 4 Months | Current |
Peer comparison
Hoganas India Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nav Durga Fuel Private Limited | ₹692.65 Cr (FY 2025) | 4.0% | Sreebhumi, West Bengal, India | |||
| Hoganas India Private Limitedthis company | ₹611.2 Cr (FY 2025) | ₹67.81 Cr | 11.1% | 7.0% | 85 | Pune, Maharashtra, India |
| Rashi Steel and Power Limited | ₹607.4 Cr (FY 2025) | 35.0% | Bilaspur, Chhattisgarh, India | |||
| Maamahamaya Ispat & Alloys Private Limited | ₹590.6 Cr (FY 2025) | 385.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Hoganas India Private Limited, buy the company report.
Auditor
Hoganas India Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Hoganas India 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 Hoganas India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2015 | 10568532 | The Hongkong and Shanghai Banking Corporation Limited | ₹12.3 Cr | Open | |
| 31 May 2017 | 100158584 | Others | ₹7.34 Lakh | Satisfied | |
| 12 May 2017 | 100158582 | Others | ₹10.22 Lakh | Satisfied | |
| 21 Jul 1998 | 90088122 | Corporation Bank | ₹5.3 Cr | Satisfied | |
| 21 Jul 1998 | 90090735 | Corporation Bank | ₹5.3 Cr | Satisfied |
To see the full charge records of Hoganas India Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Hoganas India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hoganas India Private Limited has 49 court cases on record: 20 filed by Hoganas India, 29 filed against it. 11 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 15 | 7 |
| District courts | 19 | 12 | 0 |
| NCLAT | 4 | 0 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Singhal Sintered Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Singhal Sintered Private Limited | Pending |
| Bombay High Court | Court case (CAW) | Filed against the company by Ganga Housing Pvt. Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Ganga Housing Pvt.Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Ganga Housing Pvt. Ltd. and Others | Disposed |
To see the full case history of Hoganas India 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
Hoganas India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Power Formers Engineers Private Limited | |||
| Trinity Mahalasa Durga Sales&Service | |||
| Arora Refractories Private Limited | |||
| an individual supplier | |||
| Rashmi Heaters Private Limited |
To see the full MSME payment records of Hoganas India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hoganas India Private Limited has a workforce of 85 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
Hoganas India has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH5156K1ZF | Maharashtra | Active | 01 Jul 2017 |
| 27AAACH5156K2ZE | Maharashtra | Active | 22 Aug 2017 |
| 27AAACH5156K1DO | Maharashtra | Active | 18 Nov 2024 |
To see the full GST registrations and return filing status of Hoganas India Private Limited, buy the company report.
Recent activity
Hoganas India Private Limited has 17 board changes on record since 2007: 3 appointments and 14 cessations. The latest: Munish Sharma was appointed as Managing Director on 05 Jul 2024.
40 earlier events are in the company report.
Frequently asked questions
Hoganas India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 30 July 1986 (40+ years old) and is registered under CIN U27109PN1986FTC040525.
Hoganas India has 3 current directors and KMP:
- Munish Sharma - Managing Director
- Sunil Muralidharan - Whole-Time Director
- Rajendra Kumar Sarangi - Company Secretary
The latest financial statements of Hoganas India 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 Hoganas India is 27AAACH5156K1ZF, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACH5156K2ZE (Maharashtra), 27AAACH5156K1DO (Maharashtra).
The CIN (Corporate Identification Number) of Hoganas India is U27109PN1986FTC040525. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hoganas India has 49 court cases on record: 20 filed by the company and 29 filed against it. 11 are pending. Most are in the high courts.
Hoganas India was incorporated on 30 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Pune.
Hoganas India has 1 deal on record (1 secondary share transfer); the latest was in March 2010.
The peers of Hoganas India by revenue are Nav Durga Fuel Private Limited, Rashi Steel and Power Limited, Maamahamaya Ispat & Alloys Private Limited, all in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products).
Munish Sharma was appointed as Managing Director on 05 Jul 2024. Munish Sharma ceased to be Additional Director on 05 Jul 2024. Sven Magnus Nicklas Lang ceased to be Director on 21 Apr 2022. Hoganas India has 17 board changes on record in total.
Hoganas India has 14 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 14 micro and small suppliers. The latest return was filed on 15 Dec 2023.
Hoganas India can be reached through the website hoganas.com. Its registered office is in Pune, Maharashtra, India.

