Hi-Tech Abrasives Limited.

Manufactures grinding wheels, abrasives, iron, and steel since 1991.

1991 | Raipur, Chattisgarh (India) | Active
Last Updated:

Hi-Tech Abrasives Profile

Key Indicators

  • Authorised Capital ₹ 13.50 Cr
  • Paid Up Capital ₹ 11.55 Cr
  • Company Age 34 Year, 1 Day
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 203.07 Cr
  • Satisfied Charges ₹ 167.40 Cr
  • Revenue Growth 55.10%
  • Profit Growth -33.18%
  • Ebitda -30.93%
  • Net Worth -24.58%
  • Total Assets 13.57%

About Hi-Tech Abrasives

Hi-Tech Abrasives Limited. (HAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 May 1991 and has a history of 34 years. Its registered office is in Raipur, Chattisgarh, India.

The Corporate was formerly known as Hi-Tech Abrasives Private Limited. The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2019. It's a company limited by shares with an authorized capital of Rs 13.50 Cr and a paid-up capital of Rs 11.55 Cr.

The company currently has active open charges totaling ₹203.07 Cr. The company has closed loans amounting to ₹167.40 Cr, as per Ministry of Corporate Affairs (MCA) records.

Shakuntala Tekriwal, Sejal Rathod, and Raghvendra Sinha serve as directors at the Company.

Company Details

  • Location

    Raipur, Chattisgarh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U05005CT1991PLC006432

  • Company No.

    006432

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 May 1991

  • Date of AGM

    30 Sep 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chhattisgarh

Industry

Metals and Minerals
Machinery and Equipment

What products or services does Hi-Tech Abrasives Limited. offer?

Hi-Tech Abrasives Limited. offers a wide range of products and services, including Abrasives & Grains, Cut Wire Shot.

Company report

Hi-Tech Abrasives Limited.

Explore comprehensive data for Hi-Tech Abrasives Limited., including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Hi-Tech Abrasives?

Board Members (3)

NameDesignationAppointment DateStatus
Shakuntala Tekriwal Country flag representing In Director 13-Apr-2001Current
Sejal Rathod Country flag representing In Additional Director 01-Jun-2020Current
Raghvendra Sinha Country flag representing In Additional Director 04-Jan-2020Current

Financial Performance of Hi-Tech Abrasives.

Hi-Tech Abrasives Limited., for the financial year ended 2019, experienced significant growth in revenue, with a 55.1% increase. The company also saw a substantial fall in profitability, with a 33.18% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.58%.

Hi-Tech Abrasives revenue growth over time
Hi-Tech Abrasives 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
55.10%
Revenue from Operations
55.46%
Total Assets
13.57%
Profit or Loss
-33.18%
Net Worth
-24.58%
EBITDA
-30.93%

What is the Ownership and Shareholding Structure of Hi-Tech Abrasives?

In 2019, Hi-Tech Abrasives had a promoter holding of 99.94% and a public holding of 0.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹203.07 Cr

Satisfied Charges

₹167.40 Cr

Charges Breakdown by Lending Institutions

  • Jm Financial Asset Reconstruction Company Private Limited : 125.70 Cr
  • State Bank Of India : 59.10 Cr
  • Axis Bank Ltd : 16.90 Cr
  • M.P. Financial Corporation : 1.20 Cr
  • Centurion Bank Ltd : 0.09 Cr
  • Others : 0.08 Cr

Latest Charge Details

DateLenderAmountStatus
09 Sep 2009Jm Financial Asset Reconstruction Company Private Limited₹125.70 CrOpen
09 Jan 2008Axis Bank Ltd₹16.90 CrOpen
21 Jul 2004State Bank Of India₹29.00 CrOpen
21 Jul 2004State Bank Of India₹30.10 CrOpen
13 Aug 2003Centurion Bank Ltd₹0.85 MOpen

How Many Employees Work at Hi-Tech Abrasives?

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

Employee growth trends for Hi-Tech Abrasives Limited.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hi-Tech Abrasives, 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-Tech Abrasives'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-Tech Abrasives

Recent activity within the organization

  • Director Appointment

    Sejal Rathod was appointed as a Additional Director was appointed as a Additional Director on 01 Jun 2020 & has been associated with this company since 4 years 11 months .

  • Director Appointment

    Raghvendra Charan Sinha was appointed as a Additional Director was appointed as a Additional Director on 04 Jan 2020 & has been associated with this company since 5 years 4 months .

  • Annual General Meeting

    Hi-Tech Abrasives Limited. last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.

  • Balance Sheet

    Hi-Tech Abrasives Limited. has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chhattisgarh.

  • Charges

    A charge with Jm Financial Asset Reconstruction Company Private Limited of Rs. 125.70 Cr registered on 09 Sep 2009 with Charge ID 10230938 was modified on 26 Mar 2014.

  • Charges

    A charge with Axis Bank Ltd of Rs. 16.90 Cr registered on 09 Jan 2008 with Charge ID 10086117 was modified on 21 Sep 2010.

Frequently asked questions

  • What is the Incorporation or founding date of Hi-Tech Abrasives Limited.?

    Hi-Tech Abrasives Limited. was incorporated on 10 May 1991.

  • What is authorized share capital and paid-up capital of Hi-Tech Abrasives Limited.?

    The authorized share capital of Hi-Tech Abrasives Limited. is ₹ 13.50 Cr and paid-up capital is ₹ 11.55 Cr.

  • Who are the current board members & directors of Hi-Tech Abrasives Limited.?

    Currently 3 directors are associated with Hi-Tech Abrasives Limited..

    • Shakuntala Devi Tekriwal
    • Sejal Rathod
    • Raghvendra Charan Sinha

  • What is the registered address of Hi-Tech Abrasives Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hi-Tech Abrasives Limited. is Mig-21 Indrawati Colony, India, Raipur, Chattisgarh, 492001.

  • What is the corporate identification number (CIN) and company number of Hi-Tech Abrasives Limited.?

    The corporate identification number (CIN) of Hi-Tech Abrasives Limited. is U05005CT1991PLC006432 and the company number is 006432 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hi-Tech Abrasives Limited.?

    The Official website of Hi-Tech Abrasives Limited. is https://www.halshots.com

  • What has been the recent revenue trend for Hi-Tech Abrasives Limited.?

    According to the financial reports for the fiscal year 2019, the revenue trend for Hi-Tech Abrasives Limited. has risen by 55.10%.

  • What change has been observed in the net worth of Hi-Tech Abrasives Limited., and by what percentage?

    The financial reports for the fiscal year 2019 indicates that The net worth of Hi-Tech Abrasives Limited. has experienced an downturn of -24.58%.

  • What are the total open charges for Hi-Tech Abrasives Limited.?

    As per the financial statements for fiscal Year 2019, The total open charges for Hi-Tech Abrasives Limited. amount to ₹ 203.07 Cr.

  • When was the last Balance Sheet of Hi-Tech Abrasives Limited. filed with the ROC?

    The most recent Balance Sheet for Hi-Tech Abrasives Limited. was filed with the ROC on 31 Mar 2019.

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