Highway Industries Limited

Specializing in forging and precision machining of automotive components for various industries.

1971 | Ludhiana, Punjab (India) | Active
Last Updated:

Highway Industries Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 1.65 Cr
  • Company Age 53 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 521.85 Cr
  • Satisfied Charges ₹ 393.44 Cr
  • Revenue Growth 25.50%
  • Profit Growth -22.15%
  • Ebitda -17.04%
  • Net Worth 13.93%
  • Total Assets 11.25%

About Highway Industries

Highway Industries Limited (HIL) was founded in India on 20 May 1971 and has a glorious history of 53 years and 11 months. Its registered office is in Ludhiana, Punjab, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 1.65 Cr.

The company currently has active open charges totaling ₹521.85 Cr. The company has closed loans amounting to ₹393.44 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Highway Industries Limited India are Mayank Jain as CFO and Rajesh Keshry as Company Secretary. Ankur Munjal, Amol Munjal, Paramjit Kaur, and Two other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U00000PB1971PLC003012

  • Company No.

    003012

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 May 1971

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Automotive
Machinery and Equipment

What products or services does Highway Industries Limited offer?

Highway Industries Limited offers a wide range of products and services, including Automobile Fittings & Components, Automotive Shafts, Industrial & Engineering Goods, Couplings, Flanges & Flanged Fittings, Pipe Flanges.

Company report

Highway Industries Limited

Explore comprehensive data for Highway Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Highway Industries?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Keshry Country flag representing In Company Secretary15-Jan-2022Current
Mayank Jain CFO01-Feb-2022Current
Umesh Munjal Country flag representing In Managing Director30-Sep-1999Current

Board Members (4)

NameDesignationAppointment DateStatus
Ankur Munjal Country flag representing In Whole-Time Director 24-Jul-2010Current
Amol Munjal Country flag representing In Whole-Time Director 24-Jul-2010Current
Paramjit Kaur Country flag representing In Director 31-Mar-2015Current
Surendar Sood Country flag representing In Director 31-Mar-2015Current

Financial Performance of Highway Industries.

Highway Industries Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 25.5% increase. The company also saw a substantial fall in profitability, with a 22.15% decrease in profit. The company's net worth Soared by an impressive increase of 13.93%.

Highway Industries revenue growth over time
Highway Industries profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
25.50%
Revenue from Operations
24.39%
Total Assets
11.25%
Profit or Loss
-22.15%
Net Worth
13.93%
EBITDA
-17.04%

What is the Ownership and Shareholding Structure of Highway Industries?

In 2021, Highway Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹521.85 Cr

Satisfied Charges

₹393.44 Cr

Charges Breakdown by Lending Institutions

  • Others : 286.35 Cr
  • Hdfc Bank Limited : 118.43 Cr
  • Axis Bank Limited : 92.07 Cr
  • Yes Bank Limited : 25.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 Nov 2023Others₹3.00 MOpen
28 Sep 2023Others₹3.00 MOpen
08 Dec 2022Others₹30.00 CrOpen
21 Oct 2022Hdfc Bank Limited₹8.97 MOpen
20 Sep 2022Hdfc Bank Limited₹30.00 CrOpen

How Many Employees Work at Highway Industries?

Highway Industries has a workforce of 1620 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Highway Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Highway Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Highway Industries's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Highway Industries

Recent activity within the organization

  • Annual General Meeting

    Highway Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 18 Apr 2019 via Charge ID 100261916 with Others was fully satisfied on 25 Jul 2024.

  • Charges

    A charge registered on 16 Jul 2018 via Charge ID 100196022 with Others was fully satisfied on 25 Jul 2024.

  • Balance Sheet

    Highway Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100833696 was registered on 29 Nov 2023.

  • Charges

    A charge registered on 17 Jun 2017 via Charge ID 100109754 with Hdfc Bank Limited was fully satisfied on 18 Nov 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Highway Industries Limited?

    Highway Industries Limited was incorporated on 20 May 1971.

  • What is authorized share capital and paid-up capital of Highway Industries Limited?

    The authorized share capital of Highway Industries Limited is ₹ 5.00 Cr and paid-up capital is ₹ 1.65 Cr.

  • Who are the current board members & directors of Highway Industries Limited?

    Currently 7 directors are associated with Highway Industries Limited.

    • Ankur Munjal
    • Amol Munjal
    • Mayank Jain
    • Rajesh Kumar Keshry
    • Paramjit Kaur
    • Surendar Kumar Sood
    • Umesh Munjal

  • What is the registered address of Highway Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Highway Industries Limited is Phase-Viii, Mangli Focal Point India, Ludhiana, Punjab, 141010.

  • What is the corporate identification number (CIN) and company number of Highway Industries Limited?

    The corporate identification number (CIN) of Highway Industries Limited is U00000PB1971PLC003012 and the company number is 003012 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Highway Industries Limited?

    The Official website of Highway Industries Limited is https://www.highwayindustries.com

  • What has been the recent revenue trend for Highway Industries Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Highway Industries Limited has risen by 25.50%.

  • How many employees does Highway Industries Limited currently have?

    As Per 2022 financial reports, 1620 employees are currently employed by Highway Industries Limited.

  • What change has been observed in the net worth of Highway Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Highway Industries Limited has experienced an upsurge of 13.93%.

  • What are the total open charges for Highway Industries Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Highway Industries Limited amount to ₹ 521.85 Cr.

  • When was the last Balance Sheet of Highway Industries Limited filed with the ROC?

    The most recent Balance Sheet for Highway Industries Limited was filed with the ROC on 31 Mar 2024.

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