Hi-Speed Drilling Solutions India Private Limited

Manufactures carbide tipped tools and mining equipment for drilling and grinding.

2008 | Bangalore, Karnataka (India) | Active
Last Updated: July 31, 2024

Hi-Speed Drilling Solutions India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 7.20 M
  • Company Age 16 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.14 Cr
  • Satisfied Charges ₹ 2.86 Cr
  • Revenue Growth 2.64%
  • Profit Growth -672.26%
  • Ebitda 117.86%
  • Net Worth 13.40%
  • Total Assets 5.70%

About Hi-Speed Drilling Solutions India

Hi-Speed Drilling Solutions India Private Limited (HDSIPL) is a Private Limited Indian Non-Government Company incorporated in India on 29 September 2008 and has a history of 16 years and four months. Its registered office is in Bangalore, Karnataka, India.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 7.20 M.

The company currently has active open charges totaling ₹4.14 Cr. The company has closed loans amounting to ₹2.86 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rajashekaraiah Nandeesh, Mamtha Shetty, and Madhukar Punekar serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74900KA2008PTC047889

  • Company No.

    047889

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Sep 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Machinery and Equipment

What products or services does Hi-Speed Drilling Solutions India Private Limited offer?

Hi-Speed Drilling Solutions India Private Limited offers a wide range of products and services, including Drilling Bits, Collets and Chucks, Rock Drill Bits, Button Bits, Industrial & Engineering Goods, Couplings.

Who are the key members and board of directors at Hi-Speed Drilling Solutions India?

Board Members (3)

NameDesignationAppointment DateStatus
Madhukar Punekar Country flag representing In Director 24-Mar-2011Current
Rajashekaraiah Nandeesh Country flag representing In Director 29-Sep-2008Current
Mamtha Shetty Country flag representing In Director 06-Nov-2013Current

Financial Performance of Hi-Speed Drilling Solutions India.

Hi-Speed Drilling Solutions India Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 2.64% increase. The company also saw a substantial fall in profitability, with a 672.26% decrease in profit. The company's net worth Soared by an impressive increase of 13.4%.

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
2.64%
Revenue from Operations
14.30%
Total Assets
5.70%
Profit or Loss
-672.26%
Net Worth
13.40%
EBITDA
117.86%

What is the Ownership and Shareholding Structure of Hi-Speed Drilling Solutions India?

In 2023, Hi-Speed Drilling Solutions India 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

₹4.14 Cr

Satisfied Charges

₹2.86 Cr

Charges Breakdown by Lending Institutions

  • Hdb Financial Services Limited : 2.83 Cr
  • Others : 1.09 Cr
  • Hdfc Bank Limited : 0.20 Cr
  • Bank Of Maharashtra : 0.03 Cr

Latest Charge Details

DateLenderAmountStatus
31 May 2023Others₹4.89 MOpen
12 Oct 2022Hdb Financial Services Limited₹2.83 CrOpen
29 Jul 2021Hdfc Bank Limited₹2.00 MOpen
20 Jan 2010Bank Of Maharashtra₹0.25 MOpen
16 Apr 2009Others₹6.00 MOpen

How Many Employees Work at Hi-Speed Drilling Solutions India?

Unlock and access historical data on people associated with Hi-Speed Drilling Solutions India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hi-Speed Drilling Solutions India, 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 Hi-Speed Drilling Solutions India'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 Hi-Speed Drilling Solutions India

Recent activity within the organization

  • Annual General Meeting

    Hi-Speed Drilling Solutions India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 0.49 Cr with Charge ID 100729170 was registered on 31 May 2023.

    31 May 2023

  • Balance Sheet

    Hi-Speed Drilling Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge with Hdb Financial Services Limited amounted to Rs. 2.83 Cr with Charge ID 100663388 was registered on 12 Oct 2022.

    12 Oct 2022

  • Charges

    A charge registered on 15 Jan 2021 via Charge ID 100417655 with Others was fully satisfied on 07 Oct 2022.

    07 Oct 2022

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100486614 was registered on 29 Jul 2021.

    29 Jul 2021

Frequently asked questions

  • Hi-Speed Drilling Solutions India Private Limited was incorporated on 29 Sep 2008.

  • The authorized share capital of Hi-Speed Drilling Solutions India Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 7.20 M.

  • Currently 3 directors are associated with Hi-Speed Drilling Solutions India Private Limited.

    • Rajashekaraiah Nandeesh
    • Mamtha Santosh Shetty
    • Madhukar Ramesh Punekar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Hi-Speed Drilling Solutions India Private Limited is Sb 167 Iii Cross I Stage Peenya Industrial Estate, Bangalore, Karnataka, India, 560058.

  • The corporate identification number (CIN) of Hi-Speed Drilling Solutions India Private Limited is U74900KA2008PTC047889 and the company number is 047889 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Hi-Speed Drilling Solutions India Private Limited has risen by 2.64%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Hi-Speed Drilling Solutions India Private Limited has experienced an upsurge of 13.40%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Hi-Speed Drilling Solutions India Private Limited amount to ₹ 4.14 Cr.

  • The most recent Balance Sheet for Hi-Speed Drilling Solutions India Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Industrial Tools & Components