MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0014494
Hicotronics Devices Private Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹298.13 Cr
▲ 17% YoY
Net profit · FY 2025
₹11.27 Cr
Net margin 3.8%
EBITDA · FY 2025
₹19.11 Cr
EBITDA margin 6.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹47 Lakh
Issued & subscribed
Open charges
₹118.85 Cr
Satisfied ₹46.88 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
100
Provident fund records
About Hicotronics Devices Private Limited
Data last updated:
Hicotronics Devices Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the defence accessories and components segment of the aerospace, maritime and defence sector. It was incorporated on 20 August 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U32103KA1997PTC022667.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47 Lakh. It is led by directors including Suresh Kumar Chopra and Jeetendra Chopra.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹298.13 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹11.27 Cr (net margin 3.8%) and EBITDA of ₹19.11 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 23% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hicotronics. As per MCA filings, the company has open charges of ₹118.85 Cr and satisfied charges of ₹46.88 Cr on record. Court records list 78 cases involving the company, including 63 filed by the company and 15 filed against it; 11 cases are pending.
Hicotronics Devices Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0014494). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hicotronics.com.
Company details
CIN U32103KA1997PTC022667
Registration Number 022667
Incorporation Date 20 August 1997
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0014494
Recognitions & Rankings of Hicotronics Devices
Contact details
Hicotronics Devices Private Limited's registered office is in Bangalore, Karnataka. Its website is hicotronics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address39/1 1st Main Road New Timber Yard Layout Near Satellite Bus Stand Mysore Road Cr, Oss, Bangalore, Karnataka, India – 560026
- IndustryAerospace, Maritime and Defense, Defence Accessories & Components
To see the full contact details of Hicotronics Devices Private Limited, buy the company report.
Comprehensive company report
Hicotronics Devices 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Hicotronics Devices operates one associated brand: Hicotronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial electronic components are distributed globally with supply chain services. | hicotronics.com |
Business activity
The main business activity of Hicotronics Devices is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hicotronics Devices Private Limited, buy the company report.
Financials of Hicotronics Devices Private Limited
FY 2024 filings availableHicotronics Devices Private Limited reported revenue of ₹298.13 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹298.13 Cr ▲ 17%
Net profit · FY 2025
₹11.27 Cr margin 3.8%
EBITDA · FY 2025
₹19.11 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 15%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 5%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 17% growth in the latest year. EBITDA fell 20% 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 |
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| Total Expenses | |||||
| EBITDA | ₹19.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.27 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hicotronics Devices Private Limited, buy the company report.
Board of directors of Hicotronics Devices Private Limited
Hicotronics Devices has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Chopra | Director | 20 Aug 1997 | 29 Years 2 Months | Current |
| Jeetendra Chopra | Director | 30 Sep 2004 | 22 Years 0 Months | Current |
| Sumit Chopra | Director | 03 Apr 2014 | 12 Years 6 Months | Current |
Peer comparison
Hicotronics Devices Private Limited is compared with the 3 companies closest to it by revenue in the Defence industry (Defence Accessories and Components, IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ramakrishna Electro Components Private Limited | ₹314.3 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Minosha India Limited | ₹302.07 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Hicotronics Devices Private Limitedthis company | ₹298.13 Cr (FY 2025) | ₹11.27 Cr | 3.8% | 17.0% | 100 | Bangalore, Karnataka, India |
| Mek Peripherals India Private Limited | ₹295.3 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hicotronics Devices Private Limited, buy the company report.
Auditor
Hicotronics Devices Private Limited is audited by NNMS & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NNMS & Co | FY 2023 | 011648S |
Shareholding
The shareholding of Hicotronics Devices Private 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 Hicotronics Devices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹118.85 Cr
Satisfied charges
₹46.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 2023 | 100711334 | Others | ₹21.3 Lakh | Open | |
| 27 Mar 2023 | 100711342 | Others | ₹39.35 Lakh | Open | |
| 03 Jul 2020 | 100354719 | Hdfc Bank Limited | ₹66.82 Cr | Open | |
| 26 Sep 2017 | 100130788 | Hdfc Bank Limited | ₹51.42 Cr | Open | |
| 27 Dec 2016 | 100073132 | Canara Bank | ₹14 Cr | Satisfied |
To see the full charge records of Hicotronics Devices Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Hicotronics Devices Private Limited has 78 court cases on record: 63 filed by Hicotronics Devices, 15 filed against it. 11 cases are pending and 67 are disposed.
Total cases
78
Filed by the company
63
Filed against the company
15
Pending
11
Disposed
67
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 4 | 8 |
| High courts | 13 | 11 | 3 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Senatla Innovative E V Components Pvt Ltd and Others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Sourceways Weblabs Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Sourceways Weblabs Pvt Ltd., | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sourceways Weblabs Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Sourceways Weblabs Pvt Ltd | Disposed |
To see the full case history of Hicotronics Devices 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.
Credit ratings & regulatory alerts
Hicotronics Devices Private Limited was last rated by Brickwork on 31 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 Jan 2019 |
To see the full credit ratings and regulatory alerts of Hicotronics Devices Private Limited, buy the company report.
MSME payment delays
Hicotronics Devices Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 304 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cosmo Ferrites Limited | |||
| Cermet Resistronics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Hicotronics Devices Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hicotronics Devices Private Limited has a workforce of 100 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
100
Active EPFO establishments
1
Employee growth
26.58%
GST
No GST registration is on our record for Hicotronics Devices Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hicotronics Devices Private Limited has 5 board changes on record since 1997: 4 appointments and 1 cessation. The latest: Sushila Chopra ceased to be Director on 05 Sep 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 6,682.32 Lakh registered on 03 Jul 2020 with Charge ID 100354719 was modified on 07 Oct 2024.
AGM
Hicotronics Devices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 5,142.32 Lakh registered on 26 Sep 2017 with Charge ID 100130788 was modified on 31 Jul 2024.
Filing
Hicotronics Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 21.30 Lakh with Charge ID 100711334 was registered on 11 Apr 2023.
Charges
A charge with Others amounted to Rs. 39.35 Lakh with Charge ID 100711342 was registered on 27 Mar 2023.
Ceased
Sushila Chopra ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6,682.32 Lakh with Charge ID 100354719 was registered on 03 Jul 2020.
Charges
A charge registered on 27 Dec 2016 via Charge ID 100073132 with Canara Bank was fully satisfied on 22 Nov 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5,142.32 Lakh with Charge ID 100130788 was registered on 26 Sep 2017.
Charges
A charge registered on 30 Jan 2009 via Charge ID 10139679 with Standard Chartered Bank was fully satisfied on 25 Jul 2017.
Charges
A charge registered on 20 May 2006 via Charge ID 10008044 with Standard Chartered Bank was fully satisfied on 25 Jul 2017.
15 earlier events are in the company report.
Frequently asked questions
Hicotronics Devices is an active private limited company based in Bangalore, Karnataka, India. The company works in defence accessories and components, within the aerospace, maritime and defense industry. It was incorporated on 20 August 1997 (29+ years old) and is registered under CIN U32103KA1997PTC022667.
Hicotronics Devices has 3 current directors:
- Suresh Kumar Chopra - Director
- Jeetendra Chopra - Director
- Sumit Chopra - Director
The latest financial statements of Hicotronics Devices 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 CIN (Corporate Identification Number) of Hicotronics Devices is U32103KA1997PTC022667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicotronics Devices has 78 court cases on record: 63 filed by the company and 15 filed against it. 11 are pending. Most are in the district courts.
Hicotronics Devices was incorporated on 20 August 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hicotronics Devices by revenue are Ramakrishna Electro Components Private Limited, Minosha India Limited, Mek Peripherals India Private Limited, all in the Defence industry (Defence Accessories and Components, IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Sushila Chopra ceased to be Director on 05 Sep 2022. Sumit Chopra was appointed as Director on 03 Apr 2014. Jeetendra Chopra was appointed as Director on 30 Sep 2004. Hicotronics Devices has 5 board changes on record in total.
Yes, Hicotronics Devices is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0014494).
Hicotronics Devices has 5 MSME Form 1 returns on record between 2023 and 2024, listing 304 overdue payments to 15 micro and small suppliers. The latest return was filed on 01 May 2024.
Hicotronics Devices can be reached through the website hicotronics.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hicotronics Devices is at 391 1st Main Road New Timber Yard Layout Near Satellite Bus Stand Mysore Road Cr, Oss, Bangalore, Karnataka, India – 560026.