Hitech Magnetics And Electronics Private Limited

Designs and manufactures custom electronic products for various clients.

2011 | Bangaluru, Karnataka (India) | Active
Last Updated: November 16, 2024

Hitech Magnetics And Electronics Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 13 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 6.01%
  • Profit Growth 31.24%
  • Ebitda 23.84%
  • Net Worth 16.42%
  • Total Assets -3.28%

About Hitech Magnetics And Electronics

Hitech Magnetics And Electronics Private Limited (HMAEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 March 2011 and has a history of 13 years and ten months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Information Technology 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Uma Reddy and Nirmitha Reddy serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U31900KA2011PTC057891

  • Company No.

    057891

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Mar 2011

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Hitech Magnetics And Electronics Private Limited offer?

Hitech Magnetics And Electronics Private Limited offers a wide range of products and services, including Resistors & Other Passive Devices, Electronic Choke, Electric Circuit Components & Spares, Electronic Appliances Circuit Boards, Wiring Harness, Custom Cable Assemblies.

Who are the key members and board of directors at Hitech Magnetics And Electronics?

Board Members (2)

NameDesignationAppointment DateStatus
Uma Reddy Country flag representing In Director 28-Mar-2011Current
Nirmitha Reddy Country flag representing In Director 28-Mar-2011Current

Financial Performance of Hitech Magnetics And Electronics.

Hitech Magnetics And Electronics Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.01% increase. The company also saw a substantial improvement in profitability, with a 31.24% increase in profit. The company's net worth Soared by an impressive increase of 16.42%.

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
6.01%
Revenue from Operations
6.14%
Total Assets
-3.28%
Profit or Loss
31.24%
Net Worth
16.42%
EBITDA
23.84%

What is the Ownership and Shareholding Structure of Hitech Magnetics And Electronics?

In 2023, Hitech Magnetics And Electronics 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Hitech Magnetics And Electronics?

Hitech Magnetics And Electronics has a workforce of 24 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hitech Magnetics And Electronics, 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 Hitech Magnetics And Electronics'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 Hitech Magnetics And Electronics

Recent activity within the organization

  • Annual General Meeting

    Hitech Magnetics And Electronics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Hitech Magnetics And Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Uma Reddy was appointed as a Director was appointed as a Director on 28 Mar 2011 & has been associated with this company since 13 years 10 months .

    28 Mar 2011

  • Director Appointment

    Nirmitha Cheemalavagupalli Reddy was appointed as a Director was appointed as a Director on 28 Mar 2011 & has been associated with this company since 13 years 10 months .

    28 Mar 2011

  • Company Incorporation

    Hitech Magnetics And Electronics Private Limited was registered on 28 Mar 2011 with Roc Bangalore & aged 13 years 10 months as per MCA records.

    28 Mar 2011

Frequently asked questions

  • Hitech Magnetics And Electronics Private Limited was incorporated on 28 Mar 2011.

  • The authorized share capital of Hitech Magnetics And Electronics Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Hitech Magnetics And Electronics Private Limited.

    • Uma Reddy
    • Nirmitha Cheemalavagupalli Reddy
  • As per Ministry of Corporate Affairs (Mca), the registered address of Hitech Magnetics And Electronics Private Limited is No.1 2 Mes Ring Road, Sharadambanagar Jalahalli India, Bangalore, Karnataka, 560013.

  • The corporate identification number (CIN) of Hitech Magnetics And Electronics Private Limited is U31900KA2011PTC057891 and the company number is 057891 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Hitech Magnetics And Electronics Private Limited is https://www.hitechmagnetics.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Hitech Magnetics And Electronics Private Limited has risen by 6.01%.

  • As Per 2023 financial reports, 24 employees are currently employed by Hitech Magnetics And Electronics Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Hitech Magnetics And Electronics Private Limited has experienced an upsurge of 16.42%.

  • The most recent Balance Sheet for Hitech Magnetics And Electronics Private Limited was filed with the ROC on 31 Mar 2024.

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