Highway Industries Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 1.65 Cr
- Company Age 53 Year, 9 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 nine 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
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.
Who are the key members and board of directors at Highway Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Keshry  | Company Secretary | 15-Jan-2022 | Current |
| Mayank Jain | CFO | 01-Feb-2022 | Current |
| Umesh Munjal | Managing Director | 30-Sep-1999 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ankur Munjal | Whole-Time Director | 24-Jul-2010 | Current |
| Amol Munjal | Whole-Time Director | 24-Jul-2010 | Current |
| Paramjit Kaur | Director | 31-Mar-2015 | Current |
| Surendar Sood | Director | 31-Mar-2015 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Cremica Agro Foods LimitedSurendar Sood is a mutual person
Hampton Sky Realty LimitedSurendar Sood is a mutual person
Association Of Indian Forging IndustryUmesh Munjal is a mutual person
Munjal Capital LimitedAnkur Munjal and Umesh Munjal are mutual person
- Munjal Credits Limited
Amol Munjal and Umesh Munjal are mutual person
- Rising Options Investments Private Limited
Amol Munjal is a mutual person
Charges (Loans)
₹521.85 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2023 | Others | ₹3.00 M | Open |
| 28 Sep 2023 | Others | ₹3.00 M | Open |
| 08 Dec 2022 | Others | ₹30.00 Cr | Open |
| 21 Oct 2022 | Hdfc Bank Limited | ₹8.97 M | Open |
| 20 Sep 2022 | Hdfc Bank Limited | ₹30.00 Cr | Open |
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.
Deals i
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
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
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.
