Hiq Power Associates Private Limited

Consultancy and project engineering services for power, process, and metallurgical projects in India.

2000 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 21, 2024

Hiq Power Associates Profile

Key Indicators

  • Authorised Capital ₹ 3.00 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 24 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.50 M
  • Satisfied Charges ₹ 1.90 M
  • Revenue Growth -4.57%
  • Profit Growth 100.93%
  • Ebitda 103.81%
  • Net Worth 3.77%
  • Total Assets -5.53%

About Hiq Power Associates

Hiq Power Associates Private Limited (HPAPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 December 2000 and has a history of 24 years and one month. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Engineering 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 3.00 M and a paid-up capital of Rs 0.50 M.

The company currently has active open charges totaling ₹3.50 M. The company has closed loans amounting to ₹1.90 M, as per Ministry of Corporate Affairs (MCA) records.

Vaithiswaran Sivakumar and Sivanesan Prakash serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74210TN2000PTC046359

  • Company No.

    046359

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Dec 2000

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Engineering

What products or services does Hiq Power Associates Private Limited offer?

Hiq Power Associates Private Limited offers a wide range of products and services, including Inspection & Quality Check Services, Quality Inspection Service, Warehousing Management Services, Procurement Services, Plant Maintenance Services, ETP Operation Maintenance Services, Project Report Services, Customized Project Reports, Commissioning Services, Plant Commissioning Service.

Who are the key members and board of directors at Hiq Power Associates?

Board Members (2)

Name Designation Appointment Date Status
Vaithiswaran Sivakumar Country flag representing In Director 07-Nov-2016 Current
Sivanesan Prakash Country flag representing In Director 07-Jun-2023 Current

Financial Performance of Hiq Power Associates.

Hiq Power Associates Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 4.57% decrease. The company also saw a substantial improvement in profitability, with a 100.93% increase in profit. The company's net worth moved up by a moderate rise of 3.77%.

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
-4.57%
Revenue from Operations
-4.80%
Total Assets
-5.53%
Profit or Loss
100.93%
Net Worth
3.77%
EBITDA
103.81%

What is the Ownership and Shareholding Structure of Hiq Power Associates?

Unlock access to Hiq Power Associates's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.50 M

Satisfied Charges

₹1.90 M

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 0.35 Cr

Latest Charge Details

Date Lender Amount Status
24 Oct 2017 Axis Bank Limited ₹3.50 M Open
26 Mar 2004 State Bank Of India ₹1.90 M Satisfied

How Many Employees Work at Hiq Power Associates?

Hiq Power Associates has a workforce of 6 employees as of Mar 26, 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 Hiq Power Associates, 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 Hiq Power Associates'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 Hiq Power Associates

Recent activity within the organization

  • Annual General Meeting

    Hiq Power Associates Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Hiq Power Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Sivanesan Prakash was appointed as a Director was appointed as a Director on 07 Jun 2023 & has been associated with this company since 1 year 7 months .

    07 Jun 2023

  • Charges

    A charge with Axis Bank Limited of Rs. 3.50 M registered on 24 Oct 2017 with Charge ID 100132932 was modified on 30 Jun 2020.

    30 Jun 2020

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 3.50 M with Charge ID 100132932 was registered on 24 Oct 2017.

    24 Oct 2017

  • Director Appointment

    Vaithiswaran Sivakumar was appointed as a Director was appointed as a Director on 07 Nov 2016 & has been associated with this company since 8 years 2 months .

    07 Nov 2016

Frequently asked questions

  • Hiq Power Associates Private Limited was incorporated on 22 Dec 2000.

  • The authorized share capital of Hiq Power Associates Private Limited is ₹ 3.00 M and paid-up capital is ₹ 0.50 M.

  • Currently 2 directors are associated with Hiq Power Associates Private Limited.

    • Vaithiswaran Sivakumar
    • Sivanesan Prakash
  • As per Ministry of Corporate Affairs (Mca), the registered address of Hiq Power Associates Private Limited is No.95/37 A5 Flat 2Nd Floor Rangarajapuram Main Road, Kodambakkam India, Chennai City Corporation, Tamil Nadu, 600024.

  • The corporate identification number (CIN) of Hiq Power Associates Private Limited is U74210TN2000PTC046359 and the company number is 046359 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Hiq Power Associates Private Limited is https://www.hiqpower.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Hiq Power Associates Private Limited has fallen by -4.57%.

  • As Per 2022 financial reports, 6 employees are currently employed by Hiq Power Associates Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Hiq Power Associates Private Limited has experienced an upsurge of 3.77%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Hiq Power Associates Private Limited amount to ₹ 3.50 M.

  • The most recent Balance Sheet for Hiq Power Associates Private Limited was filed with the ROC on 31 Mar 2024.