About HX Technologies Private Limited
Data last updated:
HX Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 20 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC101493. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Patnam Veera Prathap Simha and Sudha Rohini Devulapalli.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 9&10 4th Floor 1st Main Pampa Extension Hebbal Kempapura, Bangalore, Karnataka, India – 560024.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.7 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹8.5 Lakh (net margin 5%) and EBITDA of ₹11.53 Lakh (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years and 202% over five years.
The company is associated with 2 brands: HX Technologies and CarEasy.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website careasy.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 9&10 4th Floor 1st Main Pampa Extension Hebbal Kempapura, Bangalore, Karnataka, India – 560024
- IndustryAutomotive, Auto Parts & Components
- 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
Associated Brands with HX Technologies Private Limited
HX Technologies operates two associated brands: HX Technologies and CarEasy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides email-based updates and promotions for automotive ride services. | hxtechnologies.in | |
| On-demand car spa services are delivered via mobile app. | careasy.in |
Competitors & Alternatives of HX Technologies Private Limited
Brands and companies operating in the same space as HX Technologies Private Limited include GoMechanic, VehicleCare, GoBumpr and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 GoMechanic | Provider of car service and repair network | Gurugram, India | 2016 |
 VehicleCare | AI-based car repair and maintenance services are delivered. | Gurugram, India | 2019 |
 GoBumpr | App-based garage aggregation for auto repair and maintenance is offered. | Chennai, India | 2015 |
 AutoBrix | An online platform for booking car wash and repair services conveniently. | Bengaluru, India | 2018 |
 Hoopy Services | Online platform for news articles on sports, entertainment, and current events worldwide. | Bengaluru, India | 2016 |
 Ki Mobility Solutions | Digital automotive marketplace platform | Chennai, India | 2020 |
 Autodukan | Car washing, battery, and windshield cleaning products are provided. | Pune, India | 2017 |
 myTVS | Automotive parts and accessories are retailed by myTVS. | Panchkula, India | 2011 |
 AutoPortal | Automobile news, research, comparisons, and second-hand car listings are provided. | Gurugram, India | 2013 |
 Carcrew | Online portal for car servicing | Mumbai, India | 2015 |
Business Activity of HX Technologies Private Limited
The main business activity of HX Technologies is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
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.
Auditor Details of HX Technologies Private Limited
HX Technologies Private Limited is audited by VISHNU VARDHAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHNU VARDHAN & ASSOCIATES | Locked | Locked | Locked |
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.
Board of Directors of HX Technologies Private Limited
HX Technologies has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Patnam Veera Prathap Simha Also directs: Samaah Technologies Private Limited | Director | 15 Jul 2020 | 6 Years 2 Months | Current |
| Sudha Rohini Devulapalli Also directs: Samaah Technologies Private Limited | Director | 25 Mar 2022 | 4 Years 6 Months | Current |
Financials of HX Technologies Private Limited FY 2023 filings available
HX Technologies Private Limited reported revenue of ₹1.7 Cr (up 181% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of HX Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 202% over five years, including 181% growth in the latest year. EBITDA rose 334% 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 HX Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.7 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹11.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.5 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 of HX Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| 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 HX Technologies are in the company report.
Financial statements from FY 2017
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.
Ownership and Shareholding of HX Technologies Private Limited
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 HX Technologies Private Limited
HX Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at HX Technologies Private Limited
Employment history and EPFO contributions of people linked to HX Technologies.
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.
GST Compliance of HX Technologies Private Limited
HX Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
Credit Ratings, Litigation & Regulatory Alerts for HX Technologies Private Limited
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.
MSME Payment Delays by HX Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of HX Technologies Private Limited
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.
MCA Filings & Documents of HX Technologies Private Limited
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.
Recent Activity on HX Technologies Private Limited
Frequently Asked Questions about HX Technologies Private Limited
HX Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 20 March 2017 (9+ years old) and is registered under CIN U74999KA2017PTC101493.
HX Technologies reported revenue of ₹1.7 Cr for FY 2023 (up 181% YoY).
HX Technologies has 2 current directors:
- Patnam Veera Prathap Simha - Director
- Sudha Rohini Devulapalli - Director
HX Technologies reported a net profit of ₹8.5 Lakh (net margin 5%) and EBITDA of ₹11.53 Lakh (EBITDA margin 6.8%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of HX Technologies is 78% over three years and 202% over five years. In the latest year (FY 2023) revenue rose 181%. CAGR is the steady yearly rate that links the first and the last year.
No. HX Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of HX Technologies is U74999KA2017PTC101493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HX Technologies was incorporated on 20 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, HX Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).