MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0048986
Horizon Microtech Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹88.92 Cr
▲ 13% YoY
Net profit · FY 2025
₹2.8 Cr
Net margin 3.1%
EBITDA · FY 2025
₹6.76 Cr
EBITDA margin 7.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.63 Cr
Issued & subscribed
Open charges
₹87.39 Cr
Satisfied ₹92.68 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
185
Provident fund records
About Horizon Microtech Private Limited
Data last updated:
Horizon Microtech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30007GJ1994PTC021356. Its GSTIN is 24AAACH4762M1ZF (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.63 Cr. It is led by directors including Bhagirath Chandravadan Choksi and Saumil Bipinbhai Gandhi.
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 311 Road No 4 – Agidc Estate Kathwada, Ahmedabad, Gujarat, India – 382430.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.92 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.8 Cr (net margin 3.1%) and EBITDA of ₹6.76 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
The company has about 185 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹87.39 Cr and satisfied charges of ₹92.68 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹17.5 Lakh; the latest was in October 2013. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is The Mysore Electrical Industries Limited with revenue of ₹89.89 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 305 overdue payments to 16 micro and small suppliers.
Horizon Microtech Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0048986). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmplgroup.com.
Company Details of Horizon Microtech Private Limited
CIN U30007GJ1994PTC021356
Registration Number 021356
Incorporation Date 22 February 1994
ROC Ahmedabad
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-GJ-01-0048986
Key People
Bhagirath Chandravadan Choksi Director Saumil Bipinbhai Gandhi Director Kaumil Patel Baldevbhai Director Recognitions & Rankings of Horizon Microtech
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 311 Road No 4 – Agidc Estate Kathwada, Ahmedabad, Gujarat, India – 382430
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
Horizon Microtech 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Horizon Microtech Private Limited
The main business activity of Horizon Microtech is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Horizon Microtech Private Limited FY 2025 filings available
Horizon Microtech Private Limited reported revenue of ₹88.92 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹88.92 Cr ▲ 13%
Net profit · FY 2025
₹2.8 Cr margin 3.1%
EBITDA · FY 2025
₹6.76 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR) of Horizon Microtech Private Limited
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 10%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 26%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 13% growth in the latest year. EBITDA rose 26% 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 Horizon Microtech Private Limited
| 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 | ₹6.76 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.8 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 Horizon Microtech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Horizon Microtech are in the company report.
Premium access
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Horizon Microtech Private Limited
Horizon Microtech has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagirath Chandravadan Choksi | Director | 22 Feb 1994 | 32 Years 7 Months | Current |
| Saumil Bipinbhai Gandhi | Director | 22 Feb 1994 | 32 Years 7 Months | Current |
| Kaumil Patel Baldevbhai Also directs: Gajjar Infrastructure Private Limited | Director | 22 Feb 1994 | 32 Years 7 Months | Current |
Peer Comparison of Horizon Microtech Private Limited
Horizon Microtech 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| The Mysore Electrical Industries Limited | ₹89.89 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Prima Automation (India) Private Limited | ₹89.77 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Rakanpur, Gujarat, India |
| Venkateswara Electrical Industries Private Limited | ₹89.31 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Muskaan Power Infrastructure Limited | ₹89.19 Cr (FY 2016) | •••• | •••• | -7.0% | •••• | Ludhiana, Punjab, India |
| Sarjani Coretech Private Limited | ₹89.08 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Vadodara, Gujarat, India |
| Horizon Microtech Private Limited this company | ₹88.92 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Ahmedabad, Gujarat, India |
| Germinal Technologies Private Limited | ₹88.15 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | New Delhi, Delhi, India |
| Easun Reyrolle Limited Listed | ₹88.1 Cr (FY 2019) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| Brisk Electro Sales Private Limited | ₹87.51 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Senvion India Private Limited | ₹86.92 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Sung Shin Tech India Private Limited | ₹86.88 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Solan, Himachal Pradesh, India |
Peers are the five companies nearest above and the five nearest below Horizon Microtech 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 Horizon Microtech Private Limited
Horizon Microtech Private Limited is audited by V J Chokshi & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V J Chokshi & Co. LLP | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Horizon Microtech Private Limited
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Horizon Microtech Private Limited
Open charges
₹87.39 Cr
Satisfied charges
₹92.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jun 2022 | Axis Bank Limited | ₹52.5 Cr | Open |
| 07 Sep 2021 | Axis Bank Limited | ₹34.89 Cr | Open |
| 30 Sep 2020 | Others | ₹2.45 Cr | Satisfied |
| 06 Jun 2020 | Others | ₹1.5 Cr | Satisfied |
| 22 Jan 2013 | Others | ₹30 Cr | Satisfied |
Total charge records: 11 View all charges
Deals & Funding of Horizon Microtech Private Limited
Horizon Microtech Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹17.5 Lakh; the latest was in October 2013.
Total deals
3
Rights issue
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹17.5 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Rights issue | ₹31.4 Lakh | Investors: 4 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Sep 2008 | Funding round | ₹17.5 Lakh | Investors: 3 individuals |
Premium access
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Horizon Microtech Private Limited
Horizon Microtech Private Limited has 4 court cases on record: 2 filed by Horizon Microtech, 2 filed against it. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against The Engineers Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against The Engineers Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Disposed |
Premium access
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Horizon Microtech Private Limited
Horizon Microtech Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 305 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Perfect Tradelink Private Limited | •••• | •••• | •••• |
| Controls India Private Limited | •••• | •••• | •••• |
| Technoquip Engineers Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Saira Asia Interiors Private Limited | •••• | •••• | •••• |
Premium access
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Horizon Microtech Private Limited
Horizon Microtech Private Limited has a workforce of 185 employees as of Apr 01, 2024.
Employee count
185
Active EPFO establishments
1
Employee growth
4.52%
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Horizon Microtech Private Limited
Horizon Microtech Private Limited has 3 board changes on record since 1994: 3 appointments. The latest: Bhagirath Chandravadan Choksi was appointed as Director on 22 Feb 1994.
Charges
A charge with Axis Bank Limited of Rs. 52.50 Cr registered on 07 Jun 2022 with Charge ID 100598544 was modified on 29 Oct 2025.
AGM
Horizon Microtech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Horizon Microtech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 30 Sep 2020 via Charge ID 100398576 with Others was fully satisfied on 23 May 2023.
Charges
A charge registered on 06 Jun 2020 via Charge ID 100398568 with Others was fully satisfied on 23 May 2023.
Charges
A charge registered on 22 Jan 2013 via Charge ID 10405170 with Others was fully satisfied on 23 May 2023.
Charges
A charge registered on 26 Dec 2012 via Charge ID 10400646 with Others was fully satisfied on 23 May 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 52.50 Cr with Charge ID 100598544 was registered on 07 Jun 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 34.89 Cr with Charge ID 100492235 was registered on 07 Sep 2021.
Charges
A charge with Others amounted to Rs. 2.45 Cr with Charge ID 100398576 was registered on 30 Sep 2020.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100398568 was registered on 06 Jun 2020.
Charges
A charge with Others of Rs. 30.00 Cr registered on 22 Jan 2013 with Charge ID 10405170 was modified on 04 Jan 2018.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Horizon Microtech Private Limited
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Horizon Microtech Private Limited
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Horizon Microtech Private Limited
Horizon Microtech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH4762M1ZF | Gujarat | Active | 01 Jul 2017 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Horizon Microtech Private Limited
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Horizon Microtech Private Limited
Horizon Microtech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 February 1994 (32+ years old) and is registered under CIN U30007GJ1994PTC021356.
Horizon Microtech reported revenue of ₹88.92 Cr for FY 2025 (up 13% YoY).
Horizon Microtech has 3 current directors:
- Bhagirath Chandravadan Choksi - Director
- Saumil Bipinbhai Gandhi - Director
- Kaumil Patel Baldevbhai - Director
Horizon Microtech reported a net profit of ₹2.8 Cr (net margin 3.1%) and EBITDA of ₹6.76 Cr (EBITDA margin 7.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Horizon Microtech is 10% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Horizon Microtech is 24AAACH4762M1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Horizon Microtech is U30007GJ1994PTC021356. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horizon Microtech has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending.
Horizon Microtech was incorporated on 22 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Horizon Microtech has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹17.5 Lakh; the latest was in October 2013.
The peers of Horizon Microtech by revenue are The Mysore Electrical Industries Limited, Prima Automation (India) Private Limited, Venkateswara Electrical Industries Private Limited, Muskaan Power Infrastructure Limited, Sarjani Coretech Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Bhagirath Chandravadan Choksi was appointed as Director on 22 Feb 1994. Kaumil Patel Baldevbhai was appointed as Director on 22 Feb 1994. Saumil Bipinbhai Gandhi was appointed as Director on 22 Feb 1994.