MSME (Udyam registered) Ministry of MSME
- Category
- Small (2020-21)
- Udyam number
- UDYAM-KR-03-0017975
Hynetic Electronics Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹11.57 Cr
▼ 1% YoY
Net profit · FY 2023
₹10.39 Lakh
Net margin 0.9%
EBITDA · FY 2023
₹62.84 Lakh
EBITDA margin 5.4%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹18.28 Lakh
Issued & subscribed
Open charges
₹4 Cr
Satisfied ₹7.81 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
32
Provident fund records
About Hynetic Electronics Private Limited
Data last updated:
Hynetic Electronics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 11 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2003PTC031818. Its GSTIN is 29AABCH2684K1Z7 (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹18.28 Lakh. It is led by directors including Horeyala Nagaraj Manjunatha and Gayathri Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.57 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹10.39 Lakh (net margin 0.9%) and EBITDA of ₹62.84 Lakh (EBITDA margin 5.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hynetic. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹7.81 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Hynetic Electronics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0017975). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hynetic.com.
Company details
CIN U72200KA2003PTC031818
Registration Number 031818
Incorporation Date 11 April 2003
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0017975
Key People
Horeyala Nagaraj Manjunatha Director Gayathri Ramesh Director Ramesh Donthi Nagaraj Director Recognitions & Rankings of Hynetic Electronics
Contact details
Hynetic Electronics Private Limited's registered office is in Bangalore, Karnataka. Its website is hynetic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.1 2nd And 3rd Floor 9th Main Road, Banashankari 2nd Stage, Bangalore, Karnataka, India – 560070
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Hynetic Electronics Private Limited, buy the company report.
Comprehensive company report
Hynetic Electronics 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
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Brands
Hynetic Electronics operates one associated brand: Hynetic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures IoT solutions for smart city lighting and energy efficiency applications. | hynetic.com |
Business activity
The main business activity of Hynetic Electronics 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 Hynetic Electronics Private Limited, buy the company report.
Financials of Hynetic Electronics Private Limited
FY 2023 filings availableHynetic Electronics Private Limited reported revenue of ₹11.57 Cr (down 1% YoY) for FY 2023.
Revenue · FY 2023
₹11.57 Cr ▼ 1%
Net profit · FY 2023
₹10.39 Lakh margin 0.9%
EBITDA · FY 2023
₹62.84 Lakh margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 8%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 11%
5 years · compounded
▼ 3%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 1% fall in the latest year. EBITDA fell 13% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹62.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Hynetic Electronics Private Limited, buy the company report.
Board of directors of Hynetic Electronics Private Limited
Hynetic Electronics has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Horeyala Nagaraj Manjunatha Also directs: Aqtronics Technologies Private Limited | Director | 21 Nov 2012 | 13 Years 11 Months | Current |
| Gayathri Ramesh Also directs: Shreyanics Electronics Private Limited | Director | 11 Apr 2003 | 23 Years 6 Months | Current |
| Ramesh Donthi Nagaraj | Director | 11 Apr 2003 | 23 Years 6 Months | Current |
Auditor
Hynetic Electronics Private Limited is audited by G S PRAKASH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S PRAKASH | FY 2022 | 021987 |
Shareholding
The shareholding of Hynetic Electronics Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hynetic Electronics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4 Cr
Satisfied charges
₹7.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2023 | 100813515 | Others | ₹4 Cr | Open | |
| 20 Jun 2023 | 100738422 | Others | ₹1.57 Cr | Satisfied | |
| 28 Sep 2022 | 100628605 | Others | ₹2.27 Cr | Satisfied | |
| 28 Sep 2022 | 100626801 | Others | ₹19.15 Lakh | Satisfied | |
| 21 Aug 2017 | 100128637 | Yes Bank Limited | ₹2.22 Cr | Satisfied |
To see the full charge records of Hynetic Electronics Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Hynetic Electronics Private Limited has 1 court case on record: 1 filed by Hynetic Electronics. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
To see the full case history of Hynetic Electronics 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
Hynetic Electronics Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 28 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V3 Novus Private Limited | |||
| Rethium Power Tech LLP | |||
| Asahitec Stencils Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Hynetic Electronics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hynetic Electronics Private Limited has a workforce of 32 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
433.33%
GST
Hynetic Electronics has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCH2684K1Z7 | Karnataka | Active | 01 Jul 2017 |
| 29AABCH2684K1CI | Karnataka | Active | 27 Dec 2018 |
To see the full GST registrations and return filing status of Hynetic Electronics Private Limited, buy the company report.
Recent activity
Hynetic Electronics Private Limited has 8 board changes on record since 2003: 3 appointments and 5 cessations. The latest: Narayana Harinath ceased to be Director on 28 Nov 2022.
Charges
A charge registered on 20 Jun 2023 via Charge ID 100738422 with Others was fully satisfied on 05 Dec 2023.
Charges
A charge registered on 28 Sep 2022 via Charge ID 100628605 with Others was fully satisfied on 05 Dec 2023.
Charges
A charge registered on 28 Sep 2022 via Charge ID 100626801 with Others was fully satisfied on 05 Dec 2023.
Charges
A charge with Others amounted to Rs. 400.00 Lakh with Charge ID 100813515 was registered on 29 Oct 2023.
AGM
Hynetic Electronics Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge registered on 04 Feb 2014 via Charge ID 10476863 with Corporation Bank was fully satisfied on 14 Aug 2023.
Charges
A charge registered on 03 Apr 2009 via Charge ID 10157683 with Corporation Bank was fully satisfied on 14 Aug 2023.
Charges
A charge registered on 29 Dec 2006 via Charge ID 10049316 with Corporation Bank was fully satisfied on 14 Aug 2023.
Charges
A charge with Others amounted to Rs. 156.70 Lakh with Charge ID 100738422 was registered on 20 Jun 2023.
Filing
Hynetic Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge registered on 21 Aug 2017 via Charge ID 100128637 with Yes Bank Limited was fully satisfied on 15 Feb 2023.
Ceased
Narayana Harinath ceased to be Director.
18 earlier events are in the company report.
Frequently asked questions
Hynetic Electronics is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 11 April 2003 (23+ years old) and is registered under CIN U72200KA2003PTC031818.
Hynetic Electronics has 3 current directors:
- Horeyala Nagaraj Manjunatha - Director
- Gayathri Ramesh - Director
- Ramesh Donthi Nagaraj - Director
The latest financial statements of Hynetic Electronics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Hynetic Electronics is 29AABCH2684K1Z7, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AABCH2684K1CI (Karnataka).
The CIN (Corporate Identification Number) of Hynetic Electronics is U72200KA2003PTC031818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hynetic Electronics has 1 court case on record: 1 filed by the company.
Hynetic Electronics was incorporated on 11 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Narayana Harinath ceased to be Director on 28 Nov 2022. Harish Kalasa Bharath ceased to be Director on 22 Nov 2018. Shashank Ganapat Chawan ceased to be Director on 01 Jul 2015. Hynetic Electronics has 8 board changes on record in total.
Yes, Hynetic Electronics is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0017975).
Hynetic Electronics has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 28 overdue payments to 28 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Hynetic Electronics can be reached through the website hynetic.com. Its registered office is in Bangalore, Karnataka, India.