Hitco Electricals Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
- Paid Up Capital ₹ 2.27 Cr
- Company Age 27 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.63 Cr
- Satisfied Charges ₹ 15.68 Cr
- Revenue Growth -6.75%
- Profit Growth 19.53%
- Ebitda 11.96%
- Net Worth 55.46%
- Total Assets 21.94%
About Hitco Electricals
Hitco Electricals Private Limited (HEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 October 1997 and has a history of 27 years and four months. Its registered office is in Delhi, India.
The Corporate was formerly known as Hotset (India) Private Limited. 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 2.50 Cr and a paid-up capital of Rs 2.27 Cr.
The company currently has active open charges totaling ₹9.63 Cr. The company has closed loans amounting to ₹15.68 Cr, as per Ministry of Corporate Affairs (MCA) records.
Radhika Verma and Vikas Verma serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31506DL1997PTC090370
- Company No.
090370
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Oct 1997
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Machinery and Equipment
What products or services does Hitco Electricals Private Limited offer?
Hitco Electricals Private Limited offers a wide range of products and services, including Heater & Heating Components, Industrial Heaters, Heater, Thermostat & Heating Devices, Apparel & Textile Machinery, Dyeing Machinery, Cutting Machines & Equipment, Cutting Machine.
Who are the key members and board of directors at Hitco Electricals?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Radhika Verma  | Whole-Time Director | 20-Jan-2001 | Current |
| Vikas Verma | Whole-Time Director | 23-Oct-1997 | Current |
Financial Performance of Hitco Electricals.
Hitco Electricals Private Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 6.75% decrease. The company also saw a substantial improvement in profitability, with a 19.53% increase in profit. The company's net worth Soared by an impressive increase of 55.46%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hitco Electricals?
In 2021, Hitco Electricals had a promoter holding of 60.14% and a public holding of 39.85%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Industrial Heater Mart Private LimitedRadhika Verma is a mutual person
- Elite Electrikals And Appliances Private Limited
Radhika Verma and Vikas Verma are mutual person
- Pellagic Resorts Private Limited
Vikas Verma is a mutual person
Charges (Loans)
Open Charges
₹9.63 Cr
Satisfied Charges
₹15.68 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 9.14 Cr
- Axis Bank Limited : 0.39 Cr
- Bank Of Baroda : 0.09 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2023 | Hdfc Bank Limited | ₹3.51 M | Open |
| 06 Mar 2020 | Axis Bank Limited | ₹3.94 M | Open |
| 10 Jan 2018 | Hdfc Bank Limited | ₹8.79 Cr | Open |
| 24 Jan 2009 | Bank Of Baroda | ₹0.90 M | Open |
| 08 May 2015 | The Hongkong And Shanghai Banking Corporation Limited | ₹3.85 Cr | Satisfied |
How Many Employees Work at Hitco Electricals?
Hitco Electricals has a workforce of 72 employees as of Mar 23, 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 Hitco Electricals, 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 Hitco Electricals'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.
Latest Updates, News, and FAQs on Hitco Electricals
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100822339 was registered on 30 Sep 2023.
- Annual General Meeting
Hitco Electricals Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Hitco Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge with Hdfc Bank Limited of Rs. 8.79 Cr registered on 10 Jan 2018 with Charge ID 100173231 was modified on 11 Nov 2022.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.39 Cr with Charge ID 100416618 was registered on 06 Mar 2020.
- Charges
A charge registered on 11 Oct 2007 via Charge ID 10075778 with The Karur Vysya Bank Ltd was fully satisfied on 01 Jun 2018.
Frequently asked questions
What is the Incorporation or founding date of Hitco Electricals Private Limited?
Hitco Electricals Private Limited was incorporated on 23 Oct 1997.
What is authorized share capital and paid-up capital of Hitco Electricals Private Limited?
The authorized share capital of Hitco Electricals Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.27 Cr.
Who are the current board members & directors of Hitco Electricals Private Limited?
Currently 2 directors are associated with Hitco Electricals Private Limited.
- Radhika Verma
- Vikas Verma
What is the registered address of Hitco Electricals Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Hitco Electricals Private Limited is 2226 Ground Floor Gali No. 169 Ganesh Pura-A Tri Nagar, India, New Delhi, 110035.
What is the corporate identification number (CIN) and company number of Hitco Electricals Private Limited?
The corporate identification number (CIN) of Hitco Electricals Private Limited is U31506DL1997PTC090370 and the company number is 090370 as per Ministry of Corporate Affairs (MCA).
What is the official website of Hitco Electricals Private Limited?
The Official website of Hitco Electricals Private Limited is https://www.hitcogroup.in
What has been the recent revenue trend for Hitco Electricals Private Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Hitco Electricals Private Limited has fallen by -6.75%.
How many employees does Hitco Electricals Private Limited currently have?
As Per 2020 financial reports, 72 employees are currently employed by Hitco Electricals Private Limited.
What change has been observed in the net worth of Hitco Electricals Private Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Hitco Electricals Private Limited has experienced an upsurge of 55.46%.
What are the total open charges for Hitco Electricals Private Limited?
As per the financial statements for fiscal Year 2020, The total open charges for Hitco Electricals Private Limited amount to ₹ 9.63 Cr.
When was the last Balance Sheet of Hitco Electricals Private Limited filed with the ROC?
The most recent Balance Sheet for Hitco Electricals Private Limited was filed with the ROC on 31 Mar 2023.
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