About Sunil Hitech Engineers Limited
Data last updated:
Sunil Hitech Engineers Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 29 May 1998.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28920MH1998PLC115155. Its GSTIN is 27AAFCS7498N1ZC (Maharashtra). The company holds 10 GST registrations, of which 3 are active. It is recorded as listed by MCA, but its shares were delisted from NSE on 24 Feb 2021 · winding up and from BSE on 10 Jun 2021 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹46.13 Cr. It was formerly known as Sunil Hitech Engineers Private Limited. It is led by directors including Sweta Nandakishore Dandare and Nilesh Gopichand Dandare.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹2,990.66 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹5.54 Cr (net margin -0.2%) and EBITDA of ₹174.24 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company has about 195 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.
The company is associated with 1 brand: Sunil Hitech Engineers. As per MCA filings, the company has open charges of ₹2,463.33 Cr and satisfied charges of ₹739.51 Cr on record. Court records list 275 cases involving the company, including 83 filed by the company and 193 filed against it; 36 cases are pending. The company has 48 deals on record (45 market trades, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹81 Cr; the latest was in November 2016. Its 5 peer companies in the Infrastructure industry (Power Projects, Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 3 smaller; the largest is Ceigall India Limited with revenue of ₹3,492.96 Cr.
The last known website on record is sunilhitech.com.
Company details
CIN history
Sunil Hitech Engineers has one previous CIN (Corporate Identification Number): U28920MH1998PTC115155. The current CIN is L28920MH1998PLC115155, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28920MH1998PLC115155 | Current |
| U28920MH1998PTC115155 | Previous |
Contact details
Sunil Hitech Engineers Limited's registered office is in Mumbai, Maharashtra. Its website is sunilhitech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address6th Floor C – Wing Met Educational Complex Gen. Ak Vaidya Marg Bandra Reclamation, Bandra(W), Mumbai, Maharashtra, India – 400050
- IndustryInfrastructure and Utilities, Road & Bridge Construction, Power Infrastructure & Energy Projects
To see the full contact details of Sunil Hitech Engineers 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
Brands
Sunil Hitech Engineers operates one associated brand: Sunil Hitech Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| EPC services for power and infrastructure projects are provided. | sunilhitech.com |
Business activity
The main business activity of Sunil Hitech Engineers is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Sunil Hitech Engineers Limited, buy the company report.
Financials of Sunil Hitech Engineers Limited
FY 2018 filings availableSunil Hitech Engineers Limited reported revenue of ₹2,990.66 Cr (up 16% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 16% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | ₹174.24 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.54 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.8% | |||
| Net Profit Margin | -0.2% | |||
| 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 Sunil Hitech Engineers Limited, buy the company report.
Board of directors of Sunil Hitech Engineers Limited
Sunil Hitech Engineers has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sweta Nandakishore Dandare Also directs: Vonclick Bizmart LLP, Dandare Fertilizer Private Limited, Sunil Hitech Energy Private Limited and 5 more | Director | 07 Mar 2025 | 1 Years 7 Months | As last reported |
| Nilesh Gopichand Dandare Also directs: Dandare Fertilizer Private Limited, Dandare Infra Projects Private Limited, SN Dandare Hotels Private Limited and 5 more | Director | 07 Mar 2025 | 1 Years 7 Months | As last reported |
| Swati Nilesh Dandare Also directs: Dandare Fertilizer Private Limited, Dandare Infra Projects Private Limited, Dandare Beverages Private Limited and 4 more | Director | 07 Mar 2025 | 1 Years 7 Months | As last reported |
Peer comparison
Sunil Hitech Engineers Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Power Projects, Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ceigall India Limited | ₹3,492.96 Cr (FY 2025) | 14.0% | Ludhiana, Punjab, India | |||
| Prakash Asphaltings and Toll Highways (India) Limited | ₹3,060.62 Cr (FY 2025) | -12.0% | Mhow, Madhya Pradesh, India | |||
| Sunil Hitech Engineers Limitedthis company | ₹2,990.66 Cr (FY 2018) | -₹5.54 Cr | -0.2% | 16.0% | 195 | Mumbai, Maharashtra, India |
| Oriental Structural Engineers Private Limited | ₹2,823.8 Cr (FY 2024) | -21.0% | New Delhi, Delhi, India | |||
| Unnao Prayagraj Road Limited | ₹2,730.37 Cr (FY 2025) | 69.0% | Ahmedabad, Gujarat, India | |||
| Krishna Constellation Private Limited | ₹2,558.7 Cr (FY 2024) | 32.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sunil Hitech Engineers Limited, buy the company report.
Auditor
Sunil Hitech Engineers Limited is audited by V SANKAR AIYAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SANKAR AIYAR & CO | FY 2017 | 109208W |
Shareholding
The shareholding of Sunil Hitech Engineers Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sunil Hitech Engineers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2018 | 100194182 | Lakshmi Vilas Bank Limited | ₹50 Cr | Open | |
| 28 Feb 2018 | 100162509 | Lakshmi Vilas Bank Limited | ₹50 Cr | Open | |
| 15 Jan 2018 | 100160372 | Others | ₹2.96 Cr | Open | |
| 15 Jan 2018 | 100160378 | Others | ₹2.02 Cr | Open | |
| 15 Dec 2017 | 100160056 | Others | ₹3.4 Cr | Open |
To see the full charge records of Sunil Hitech Engineers Limited, buy the company report.
Total charge records: 166 View all charges
Deals & funding
Sunil Hitech Engineers Limited has 48 deals on record (45 market trades, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹81 Cr; the latest was in November 2016.
Deals on record (5 of 48)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Market trade | ₹35.28 Cr | Buyer: Viribus Projects Private Limited , B M Traders, 2 individuals Seller: Viribus Projects Private Limited , B M Traders, 2 individuals |
| Nov 2016 | Market trade | ₹5.76 Cr | Buyer: Viribus Projects Private Limited , Patrickus Technologies Private Limited Seller: Patrickus Technologies Private Limited |
| Nov 2016 | Market trade | ₹5.23 Cr | Buyer: Patrickus Technologies Private Limited Seller: Patrickus Technologies Private Limited |
| Nov 2016 | Market trade | ₹5.66 Cr | Buyer: Viribus Projects Private Limited Seller: Viribus Projects Private Limited |
| Oct 2016 | Market trade | ₹4.81 Cr | Buyer: Patrickus Technologies Private Limited Seller: Patrickus Technologies Private Limited |
To see the full deal history of Sunil Hitech Engineers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sunil Hitech Engineers Limited has 275 court cases on record: 83 filed by Sunil Hitech Engineers, 193 filed against it. 36 cases are pending and 239 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 171 | 140 | 23 |
| High courts | 94 | 46 | 13 |
| NCLT | 6 | 5 | 0 |
| Supreme Court | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 275)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by HDFC Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S. Srei Equipment Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Delco Infrastructure Projects Ltd and 4 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Maharashtra State Power Generation Company Ltd and 1 other | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against Larsen and Toubro Limited | Disposed |
To see the full case history of Sunil Hitech Engineers 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 Sunil Hitech Engineers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sunil Hitech Engineers has 12 subsidiary companies and 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Seam Industries Limited | U28120MH2005PLC153364 | |
| Seam Industries Limited | U28120MH2005PLC153364 | |
| Sunilhitech Solar (Dhule) Private Limited | U40108MH2014PTC254060 | |
| Sunilhitech Solar (Dhule) Private Limited | U40108MH2014PTC254060 | |
| Patna Green Energy Private Limited | U40108MH2014PTC258256 | |
| Patna Green Energy Private Limited | U40108MH2014PTC258256 |
To see the full group structure of Sunil Hitech Engineers Limited, buy the company report.
Employees & EPFO
Sunil Hitech Engineers Limited has a workforce of 195 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Sunil Hitech Engineers has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCS7498N1ZC | Maharashtra | Active | 01 Jul 2017 |
| 10AAFCS7498N2ZQ | Bihar | Active | 01 Jul 2017 |
| 12AAFCS7498N1ZN | Arunachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sunil Hitech Engineers Limited, buy the company report.
Recent activity
Sunil Hitech Engineers Limited has 47 board changes on record since 1998: 25 appointments and 22 cessations. The latest: Dilip Yeshwant Ghanekar ceased to be Director on 07 Mar 2025.
320 earlier events are in the company report.
Frequently asked questions
Sunil Hitech Engineers is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Sunil Hitech Engineers is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 29 May 1998 and is registered under CIN L28920MH1998PLC115155. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sunil Hitech Engineers has 3 current directors:
- Sweta Nandakishore Dandare - Director
- Nilesh Gopichand Dandare - Director
- Swati Nilesh Dandare - Director
The latest financial statements of Sunil Hitech Engineers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sunil Hitech Engineers is L28920MH1998PLC115155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunil Hitech Engineers is recorded as a listed company by MCA, but its shares were delisted from NSE on 24 Feb 2021 · winding up and from BSE on 10 Jun 2021 · compulsory delisting, and no longer trade on a stock exchange.
Sunil Hitech Engineers has open charges of ₹2,463.33 Cr and satisfied charges of ₹739.51 Cr as per latest MCA filings.
Sunil Hitech Engineers has 275 court cases on record: 83 filed by the company and 193 filed against it. 36 are pending. Most are in the district courts.
Sunil Hitech Engineers was incorporated on 29 May 1998. It is registered with the Registrar of Companies, Mumbai.
Sunil Hitech Engineers has 48 deals on record (45 market trades, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹81 Cr; the latest was in November 2016.
The peers of Sunil Hitech Engineers by revenue are Ceigall India Limited, Prakash Asphaltings and Toll Highways (India) Limited, Oriental Structural Engineers Private Limited, Unnao Prayagraj Road Limited, Krishna Constellation Private Limited, all in the Infrastructure industry (Power Projects, Roads and Bridges), with the same principal business activity (roads, railways, utility projects).