About Mass Hi - Tech Private Limited
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Mass Hi - Tech Private Limited is a private limited company based in Jalgaon, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 30 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32204MH2008PTC187195. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Convertronic Green Energy (India) Private Limited and Convertronic Products Private Limited. It is led by directors Priti Ram Bharambe and Amol Devram Mahajan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ground Floor Of Industrial Plot No. – G – 53 MIDC Ajanta Road, Jalgaon, Maharashtra, India – 425003.
As per the financials filed for FY 2021, the company reported a revenue of ₹24,113, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹10,029 (net margin -41.6%) and EBITDA of -₹34,142 (EBITDA margin -141.6%). Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 83% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹19.04 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masshitech.in.
Company details
Name history
Mass Hi - Tech has undergone 2 name changes throughout its history. The company was previously known as Convertronic Green Energy (India) Private Limited, and Convertronic Products Private Limited. The current legal name is Mass Hi - Tech Private Limited.
| Company Name | Status |
|---|---|
| Mass Hi - Tech Private Limited | Current |
| Convertronic Green Energy (India) Private Limited | Previous |
| Convertronic Products Private Limited | Previous |
CIN history
Mass Hi - Tech has one previous CIN (Corporate Identification Number): U31900MH2008PTC187195. The current CIN is U32204MH2008PTC187195, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32204MH2008PTC187195 | Current |
| U31900MH2008PTC187195 | Previous |
Contact details
Mass Hi - Tech Private Limited's registered office is in Jalgaon, Maharashtra. Its website is masshitech.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGround Floor Of Industrial Plot No. – G – 53 MIDC Ajanta Road, Jalgaon, Maharashtra, India – 425003
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Mass Hi - Tech 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
Financials of Mass Hi - Tech Private Limited
FY 2022 filings availableMass Hi - Tech Private Limited reported revenue of ₹24,113 (down 78% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years, including a 78% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹24,113 | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹34,142 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10,029 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -141.6% | ||||
| Net Profit Margin | -41.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mass Hi - Tech Private Limited, buy the company report.
Board of directors of Mass Hi - Tech Private Limited
Mass Hi - Tech has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priti Ram Bharambe | Additional Director | 04 Nov 2023 | 2 Years 11 Months | Current |
| Amol Devram Mahajan | Additional Director | 04 Nov 2023 | 2 Years 11 Months | Current |
Auditor
Mass Hi - Tech Private Limited is audited by VIREN GANDHI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIREN GANDHI & CO | FY 2021 | 111558W |
Shareholding
The shareholding of Mass Hi - Tech Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mass Hi - Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2017 | 100089574 | Others | ₹84 Lakh | Satisfied | |
| 31 Jan 2017 | 100076811 | Others | ₹2 Cr | Satisfied | |
| 31 Dec 2016 | 100070533 | Others | ₹84 Lakh | Satisfied | |
| 30 Nov 2015 | 10609619 | Reliance Capital Limited | ₹5 Cr | Satisfied | |
| 01 May 2015 | 10571222 | Reliance Capital Limited | ₹5 Cr | Satisfied |
To see the full charge records of Mass Hi - Tech Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Mass Hi - Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mass Hi - Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mass Hi - Tech Private Limited has a workforce of 4 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mass Hi - Tech has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mass Hi - Tech Private Limited, buy the company report.
Recent activity
Mass Hi - Tech Private Limited has 8 board changes on record since 2008: 5 appointments and 3 cessations. The latest: Amol Devram Mahajan was appointed as Additional Director on 04 Nov 2023.
15 earlier events are in the company report.
Frequently asked questions
Mass Hi - Tech is an active private limited company based in Jalgaon, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 30 September 2008 (18+ years old) and is registered under CIN U32204MH2008PTC187195.
Mass Hi - Tech has 2 current directors:
- Priti Ram Bharambe - Additional Director
- Amol Devram Mahajan - Additional Director
The latest financial statements of Mass Hi - Tech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Mass Hi - Tech has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Mass Hi - Tech is U32204MH2008PTC187195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mass Hi - Tech was incorporated on 30 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Amol Devram Mahajan was appointed as Additional Director on 04 Nov 2023. Priti Ram Bharambe was appointed as Additional Director on 04 Nov 2023. Smita Subhash Patil ceased to be Director on 04 Nov 2023. Mass Hi - Tech has 8 board changes on record in total.
Mass Hi - Tech can be reached through the website masshitech.in. Its registered office is in Jalgaon, Maharashtra, India.
The registered office of Mass Hi - Tech is at Ground Floor Of Industrial Plot No. – G – 53 MIDC Ajanta Road, Jalgaon, Maharashtra, India – 425003.
Mass Hi - Tech operates in the energy and power industry, in the power equipment manufacturers segment.