Hi-Tech Formulations Private Limited

Manufactures dermatology, dental, and cosmetology products for various brands.

2002 | Chandigarh (India) | Active
Last Updated:

Hi-Tech Formulations Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.07 Cr
  • Company Age 22 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 14.11 Cr
  • Satisfied Charges ₹ 8.45 Cr
  • Revenue Growth 27.44%
  • Profit Growth 21.51%
  • Ebitda 18.63%
  • Net Worth 77.01%
  • Total Assets 13.96%

About Hi-Tech Formulations

Hi-Tech Formulations Private Limited (HFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 September 2002 and has a history of 22 years and six months. Its registered office is in Chandigarh, India.

The Company is engaged in the Pharma 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 2.00 Cr and a paid-up capital of Rs 1.07 Cr.

The company currently has active open charges totaling ₹14.11 Cr. The company has closed loans amounting to ₹8.45 Cr, as per Ministry of Corporate Affairs (MCA) records.

Dharmender Gulati and Jaspreet Gulati serve as directors at the Company.

Company Details

  • Location

    Chandigarh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24232CH2002PTC025430

  • Company No.

    025430

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Sep 2002

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Pharma
Company report

Hi-Tech Formulations Private Limited

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

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

Board Members (2)

NameDesignationAppointment DateStatus
Dharmender Gulati Country flag representing In Director 17-Sep-2002Current
Jaspreet Gulati Country flag representing In Director 21-Dec-2014Current

Financial Performance of Hi-Tech Formulations.

Hi-Tech Formulations Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.44% increase. The company also saw a substantial improvement in profitability, with a 21.51% increase in profit. The company's net worth Soared by an impressive increase of 77.01%.

Hi-Tech Formulations revenue growth over time
Hi-Tech Formulations 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
27.44%
Revenue from Operations
27.56%
Total Assets
13.96%
Profit or Loss
21.51%
Net Worth
77.01%
EBITDA
18.63%

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

In 2023, Hi-Tech Formulations 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

₹14.11 Cr

Satisfied Charges

₹8.45 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 14.11 Cr

Latest Charge Details

DateLenderAmountStatus
26 Jun 2024Hdfc Bank Limited₹3.10 MOpen
21 Nov 2022Hdfc Bank Limited₹8.00 MOpen
25 Oct 2018Hdfc Bank Limited₹13.00 CrOpen
07 Oct 2015Others₹7.70 CrSatisfied
04 May 2009Indian Overseas Bank₹2.50 MSatisfied

How Many Employees Work at Hi-Tech Formulations?

Hi-Tech Formulations has a workforce of 66 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.

Employee growth trends for Hi-Tech Formulations Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

    Hi-Tech Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 13.00 Cr registered on 25 Oct 2018 with Charge ID 100235198 was modified on 28 Aug 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 100941337 was registered on 26 Jun 2024.

  • Balance Sheet

    Hi-Tech Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.80 Cr with Charge ID 100665808 was registered on 21 Nov 2022.

  • Charges

    A charge registered on 07 Oct 2015 via Charge ID 10600295 with Others was fully satisfied on 29 Nov 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Hi-Tech Formulations Private Limited?

    Hi-Tech Formulations Private Limited was incorporated on 17 Sep 2002.

  • What is authorized share capital and paid-up capital of Hi-Tech Formulations Private Limited?

    The authorized share capital of Hi-Tech Formulations Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.07 Cr.

  • Who are the current board members & directors of Hi-Tech Formulations Private Limited?

    Currently 2 directors are associated with Hi-Tech Formulations Private Limited.

    • Dharmender Singh Gulati
    • Jaspreet Singh Gulati

  • What is the registered address of Hi-Tech Formulations Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hi-Tech Formulations Private Limited is Plot No. 348 Industrial Area, Phase 1 India, Chandigarh, 160002.

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

    The corporate identification number (CIN) of Hi-Tech Formulations Private Limited is U24232CH2002PTC025430 and the company number is 025430 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hi-Tech Formulations Private Limited?

    The Official website of Hi-Tech Formulations Private Limited is https://www.hitechformulations.com

  • What has been the recent revenue trend for Hi-Tech Formulations Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Hi-Tech Formulations Private Limited has risen by 27.44%.

  • How many employees does Hi-Tech Formulations Private Limited currently have?

    As Per 2023 financial reports, 66 employees are currently employed by Hi-Tech Formulations Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Hi-Tech Formulations Private Limited has experienced an upsurge of 77.01%.

  • What are the total open charges for Hi-Tech Formulations Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Hi-Tech Formulations Private Limited amount to ₹ 14.11 Cr.

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

    The most recent Balance Sheet for Hi-Tech Formulations Private Limited was filed with the ROC on 31 Mar 2024.

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