India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,277 Lalit Seth & family ₹1,800 Cr
Revenue · FY 2025
₹6.41 Cr
▼ 35% YoY
Net profit · FY 2025
₹53.66 Lakh
Net margin 8.4%
EBITDA · FY 2025
₹4.75 Cr
EBITDA margin 74.2%
Authorised capital
₹33.14 Cr
Registered with MCA
Paid-up capital
₹29.18 Cr
Issued & subscribed
Open charges
₹271.42 Cr
Satisfied ₹256.35 Cr
Company age
37 yrs
Est. 1989
Directors on board
3
As per MCA filings
About HPL India Limited
Data last updated:
HPL India Limited is a public limited company based in Kasauli, Himachal Pradesh, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 02 January 1989 and has been in existence for over 37 years.
Its director Lalit Seth and family are #1,277 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U74899HP1989PLC006680. Its GSTIN is 07AAACH1967L1ZC (Delhi). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹33.14 Cr and a paid-up capital of ₹29.18 Cr. It was formerly known as Hpl India Private Limited and Havell'S Circuit Breakers Private Limited. It is led by directors including Lalit Seth and Rishi Seth.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Village Shavela P.O. Jabli, Kasauli, Himachal Pradesh, India – 173209.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.41 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹53.66 Lakh (net margin 8.4%) and EBITDA of ₹4.75 Cr (EBITDA margin 74.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 20% over five years.
The company is associated with 1 brand: HPL Electric & Power. As per MCA filings, the company has open charges of ₹271.42 Cr and satisfied charges of ₹256.35 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hplindia.com.
Company details
CIN U74899HP1989PLC006680
Registration Number 006680
Incorporation Date 02 January 1989
ROC Himachal Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
HPL India has undergone 2 name changes throughout its history. The company was previously known as Hpl India Private Limited, and Havell's Circuit Breakers Private Limited. The current legal name is Hpl India Limited.
| Company Name | Status |
|---|---|
| HPL India Limited | Current |
| Hpl India Private Limited | Previous |
| Havell's Circuit Breakers Private Limited | Previous |
CIN history
HPL India has one previous CIN (Corporate Identification Number): U74899DL1989PLC034489. The current CIN is U74899HP1989PLC006680, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899HP1989PLC006680 | Current |
| U74899DL1989PLC034489 | Previous |
Recognitions & Rankings of HPL India
Contact details
HPL India Limited's registered office is in Kasauli, Himachal Pradesh. Its website is hplindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Shavela P.O. Jabli, Kasauli, Himachal Pradesh, India – 173209
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of HPL India Limited, buy the company report.
Comprehensive company report
HPL India 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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Brands
HPL India operates one associated brand: HPL Electric & Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of electrical equipment products | hplindia.com |
Business activity
The main business activity of HPL India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of HPL India Limited, buy the company report.
Financials of HPL India Limited
FY 2024 filings availableHPL India Limited reported revenue of ₹6.41 Cr (down 35% YoY) for FY 2025.
Revenue · FY 2025
₹6.41 Cr ▼ 35%
Net profit · FY 2025
₹53.66 Lakh margin 8.4%
EBITDA · FY 2025
₹4.75 Cr margin 74.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 27%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 4%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 35% fall in the latest year. EBITDA fell 5% 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 | ₹4.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.66 Lakh | ||||
| 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 | 74.2% | ||||
| Net Profit Margin | 8.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of HPL India Limited, buy the company report.
Board of directors of HPL India Limited
HPL India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Seth Also directs: HPL Electric & Power Limited, HPL Power Corporation Limited, Jesons Implex Pvt Ltd and 3 more | Director | 07 Apr 2018 | 8 Years 6 Months | Current |
| Rishi Seth Also directs: HPL Electric & Power Limited, HPL Power Corporation Limited, Jesons Implex Pvt Ltd and 4 more | Director | 07 Apr 2018 | 8 Years 6 Months | Current |
| Gautam Seth Also directs: HPL Electric & Power Limited, HPL Power Corporation Limited, Amerex Private Limited and 3 more | Director | 07 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
HPL India Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aifso Technologies Private Limited | ₹6.45 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| HPL India Limitedthis company | ₹6.41 Cr (FY 2025) | ₹53.66 Lakh | 8.4% | -35.0% | Kasauli, Himachal Pradesh, India | |
| S-Gen Energy and Infra Private Limited | ₹6.4 Cr (FY 2025) | 60.0% | Chennai, Tamil Nadu, India | |||
| Bloomtech Impex Private Limited | ₹6.36 Cr (FY 2024) | -4.0% | Greater Noida, Uttar Pradesh, India |
To see the full peer comparison of HPL India Limited, buy the company report.
Auditor
HPL India Limited is audited by SAHNI MEHRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAHNI MEHRA & CO. | FY 2023 | 000609N |
Shareholding
The shareholding of HPL India 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 HPL India Limited, buy the company report.
Charges & borrowings
Open charges
₹271.42 Cr
Satisfied charges
₹256.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2025 | 101187104 | Others | ₹10.03 Cr | Open | |
| 12 May 2016 | 100033739 | Others | ₹260 Cr | Open | |
| 12 Oct 1992 | 90063740 | Vysya Bank Ltd. | ₹72 Lakh | Open | |
| 10 May 1991 | 90063697 | Vysya Bank Ltd. | ₹25 Lakh | Open | |
| 07 Mar 1990 | 90063669 | Vysya Bank Ltd. | ₹3 Lakh | Open |
To see the full charge records of HPL India Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
HPL India Limited has 13 court cases on record: 6 filed by HPL India, 7 filed against it. All cases are disposed.
Total cases
13
Filed by the company
6
Filed against the company
7
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
| High courts | 4 | 2 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed by the company against Havells (India) Limited Through Director Office Aty 1/7, Ram Kishore Road, Civil Lines, Delhi , District: New Delhi , , Delhi and 2 others | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against QRG Enterprises & Anr | Disposed |
| High Court of Delhi | Commercial suit | Filed against the company by QRG Enterprises & Anr. | Disposed |
| District court, Lucknow, Uttar Pradesh | Court case (Cri. Case) | Filed against the company by State of Up Through Labour Enforcement Inspector | Disposed |
| District court, Dehradun, Uttarakhand | Court case (Complaint cases) | Filed against the company by an individual | Disposed |
To see the full case history of HPL India 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
No delayed payments to MSME suppliers are on our record for HPL India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
HPL India has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Associated companies
GST
HPL India has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACH1967L1ZC | Delhi | Active | 01 Jul 2017 |
| 09AAACH1967L1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HPL India Limited, buy the company report.
Recent activity
HPL India Limited has 9 board changes on record since 2016: 3 appointments and 6 cessations. The latest: Gautam Seth ceased to be Additional Director on 28 Sep 2018.
Charges
A charge with Others amounted to Rs. 10.03 Cr with Charge ID 101187104 was registered on 06 Nov 2025.
Charges
A charge registered on 12 Feb 2018 via Charge ID 100160193 with Karnataka Bank Ltd. was fully satisfied on 01 Nov 2025.
Charges
A charge with Karnataka Bank Ltd. of Rs. 5.35 Cr registered on 12 Feb 2018 with Charge ID 100160193 was modified on 26 Nov 2024.
AGM
Hpl India Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hpl India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Himachal Pradesh.
Ceased
Gautam Seth ceased to be Additional Director.
Ceased
Lalit Seth ceased to be Additional Director.
Ceased
Rishi Seth ceased to be Additional Director.
Ceased
Pooja Seth ceased to be Additional Director.
Ceased
Vani Seth ceased to be Additional Director.
Appointed
Gautam Seth was appointed as Director.
Appointed
Lalit Seth was appointed as Director.
28 earlier events are in the company report.
News
Frequently asked questions
HPL India is an active public limited company based in Kasauli, Himachal Pradesh, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 02 January 1989 (37+ years old) and is registered under CIN U74899HP1989PLC006680.
HPL India has 3 current directors:
- Lalit Seth - Director
- Rishi Seth - Director
- Gautam Seth - Director
The latest financial statements of HPL India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of HPL India is 07AAACH1967L1ZC, registered in Delhi. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 09AAACH1967L1Z8 (Uttar Pradesh).
The CIN (Corporate Identification Number) of HPL India is U74899HP1989PLC006680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HPL India has 13 court cases on record: 6 filed by the company and 7 filed against it. Most are in the district courts.
HPL India was incorporated on 02 January 1989, making it 37+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of HPL India by revenue are Aifso Technologies Private Limited, S-Gen Energy and Infra Private Limited, Bloomtech Impex Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Gautam Seth ceased to be Additional Director on 28 Sep 2018. Lalit Seth ceased to be Additional Director on 28 Sep 2018. Rishi Seth ceased to be Additional Director on 28 Sep 2018. HPL India has 9 board changes on record in total.
HPL India can be reached through the website hplindia.com. Its registered office is in Kasauli, Himachal Pradesh, India.
The registered office of HPL India is at Village Shavela P.O. Jabli, Kasauli, Himachal Pradesh, India – 173209.
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