Hind Rectifiers Limited

Manufacturer of power electronic equipment and railway transportation equipment, listed on stock exchanges.

1958 | Mumbai, Maharashtra (India) | Active
Last Updated: November 17, 2024

Hind Rectifiers Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 3.43 Cr
  • Company Age 66 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 186.02 Cr
  • Satisfied Charges ₹ 112.62 Cr
  • Revenue Growth -3.51%
  • Profit Growth -181.59%
  • Ebitda -31.99%
  • Net Worth 3.98%
  • Total Assets 18.74%

About Hind Rectifiers

Hind Rectifiers Limited (HRL) was founded in India on 25 April 1958 and has a glorious history of 66 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504036 and on the National Stock Exchange(NSE) under HIRECT.

The Corporate was formerly known as Hind Rectifiers Private Limited. The Company is engaged in the Energy And Power 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 10.00 Cr and a paid-up capital of Rs 3.43 Cr.

The company currently has active open charges totaling ₹186.02 Cr. The company has closed loans amounting to ₹112.62 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hind Rectifiers Limited India are Meenakshi Anchlia as Company Secretary, Anil Mehta as Cfo, Suramya Saurabh as Ceo, and One other members. Parimal Merchant, Vishal Pacheriwala, Suramya Saurabh, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L28900MH1958PLC011077

  • Company No.

    011077

  • Stock Symbol

    BSE : 504036 NSE : HIRECT

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    25 Apr 1958

  • Date of AGM

    01 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Energy and Power

What products or services does Hind Rectifiers Limited offer?

Hind Rectifiers Limited offers a wide range of products and services, including Electric Circuit Components & Spares, Electronics Training Kit, Diodes & Electronic Active Devices, Optocoupler, Physiotherapy & Rehab Aids, Traction Equipment, Inverters, UPS and Converters, Power Supply Systems, Diodes, Harmonic Filters.

Who are the key members and board of directors at Hind Rectifiers?

Executive Team (4)

NameDesignationAppointment DateStatus
Meenakshi Anchlia Country flag representing In Company Secretary10-Feb-2016Current
Anil Mehta CFO02-Feb-2023Current
Suramya Saurabh Country flag representing In CEO01-Jun-2018Current
Anil Nemani Country flag representing In CFO11-Aug-2016Current

Board Members (5)

NameDesignationAppointment DateStatus
Vishal Pacheriwala Country flag representing In Director 01-Jul-2024Current
Parimal Merchant Country flag representing In Director 07-Feb-2013Current
Akshada Nevatia Country flag representing In Whole-Time Director 15-Jan-2017Current
Ashlesha Bodas Country flag representing In Director 26-Jun-2020Current
Vandan Shah Country flag representing In Director 15-Jan-2017Current

Financial Performance of Hind Rectifiers.

Hind Rectifiers Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.51% decrease. The company also saw a substantial fall in profitability, with a 181.59% decrease in profit. The company's net worth moved up by a moderate rise of 3.98%.

Graph illustrating revenue growth over time
Graph showing 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
-3.51%
Revenue from Operations
-3.49%
Total Assets
18.74%
Profit or Loss
-181.59%
Net Worth
3.98%
EBITDA
-31.99%

What is the Ownership and Shareholding Structure of Hind Rectifiers?

In 2023, Hind Rectifiers had a promoter holding of 44.08% and a public holding of 55.91%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹186.02 Cr

Satisfied Charges

₹112.62 Cr

Charges Breakdown by Lending Institutions

  • Others : 184.85 Cr
  • Standard Chartered Bank : 0.65 Cr
  • Hdfc Bank Limited : 0.39 Cr
  • Tjsb Sahakari Bank Limited : 0.13 Cr

Latest Charge Details

DateLenderAmountStatus
27 Sep 2024Standard Chartered Bank₹6.50 MOpen
20 Jun 2024Others₹1.30 CrOpen
19 Jan 2024Others₹5.00 MOpen
06 Dec 2023Tjsb Sahakari Bank Limited₹1.30 MOpen
04 Jul 2022Hdfc Bank Limited₹2.22 MOpen

How Many Employees Work at Hind Rectifiers?

Hind Rectifiers has a workforce of 567 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hind Rectifiers, 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 Hind Rectifiers'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 Hind Rectifiers

Recent activity within the organization

  • Charges

    A charge registered on 08 Jul 2021 via Charge ID 100461774 with Hdfc Bank Limited was fully satisfied on 05 Oct 2024.

    05 Oct 2024

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 0.65 Cr with Charge ID 100985354 was registered on 27 Sep 2024.

    27 Sep 2024

  • Annual General Meeting

    Hind Rectifiers Limited last Annual general meeting of members was held on 01 Aug 2024 as per latest MCA records.

    01 Aug 2024

  • Director Appointment

    Vishal Pradip Kumar Pacheriwala was appointed as a Director was appointed as a Director on 01 Jul 2024 & has been associated with this company since 7 months 1 day .

    01 Jul 2024

  • Charges

    A charge with Others of Rs. 28.00 Cr registered on 04 May 2021 with Charge ID 100443239 was modified on 28 Jun 2024.

    28 Jun 2024

  • Charges

    A charge with Others amounted to Rs. 1.30 Cr with Charge ID 100946131 was registered on 20 Jun 2024.

    20 Jun 2024

Frequently asked questions

  • Hind Rectifiers Limited was incorporated on 25 Apr 1958.

  • The authorized share capital of Hind Rectifiers Limited is ₹ 10.00 Cr and paid-up capital is ₹ 3.43 Cr.

  • Currently 10 directors are associated with Hind Rectifiers Limited.

    • Parimal Merchant
    • Vishal Pradip Kumar Pacheriwala
    • Meenakshi Anchlia
    • Anil Manohar Lal Mehta
    • Suramya Nevatia Saurabh
    • Anil Kumar Mathura Prasad Nemani
    • Suramya Nevatia Saurabh
    • Akshada Suramya Nevatia
    • Ashlesha Rajeev Bodas
    • Vandan Sitaram Shah
  • As per Ministry of Corporate Affairs (Mca), the registered address of Hind Rectifiers Limited is Lake Road, Bhandup West India, Mumbai, Maharashtra, 400078.

  • The corporate identification number (CIN) of Hind Rectifiers Limited is L28900MH1958PLC011077 and the company number is 011077 as per Ministry of Corporate Affairs (MCA).

  • Yes, Hind Rectifiers Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): HIRECT.

  • The Official website of Hind Rectifiers Limited is https://www.hirect.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Hind Rectifiers Limited has fallen by -3.51%.

  • As Per 2023 financial reports, 567 employees are currently employed by Hind Rectifiers Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Hind Rectifiers Limited has experienced an upsurge of 3.98%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Hind Rectifiers Limited amount to ₹ 186.02 Cr.

  • The most recent Balance Sheet for Hind Rectifiers Limited was filed with the ROC on 31 Mar 2024.

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