Hittco Tools Limited

Manufacturer of cutting tools, including HSS drills, taps, CNC tool holders and carbide tools. ISO 9001:2015 certified.

1995 | Bangalore, Karnataka (India) | Active
Last Updated:

Hittco Tools Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 6.04 Cr
  • Company Age 30 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.96 Cr
  • Satisfied Charges ₹ 8.46 Cr
  • Revenue Growth 5.77%
  • Profit Growth -16.52%
  • Ebitda 2.51%
  • Net Worth 22.91%
  • Total Assets -1.36%

About Hittco Tools

Hittco Tools Limited (HTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 January 1995 and has a history of 30 years and two months. Its registered office is in Bangalore, Karnataka, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531661.

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 7.00 Cr and a paid-up capital of Rs 6.04 Cr.

The company currently has active open charges totaling ₹1.96 Cr. The company has closed loans amounting to ₹8.46 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hittco Tools Limited India are Sarita Kirnani as COMPANY SECRETARY and Ruth Chithraj as Cfo. Sidharth Bhandari, Madhu Bhandari, Surendra Bhandari, and Five other members serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    hittco.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L28939KA1995PLC016888

  • Company No.

    016888

  • Stock Symbol

    BSE : 531661

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Jan 1995

  • Date of AGM

    17 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Bangalore

Industry

Machinery and Equipment

What products or services does Hittco Tools Limited offer?

Hittco Tools Limited offers a wide range of products and services, including Carbide Drills, Solid Carbide Drill, HSS Drill Bits, HSS Parallel Shank Twist Drills, Carbide Milling Cutters, Solid Carbide End Mills, Carbide Cutting Tools, Solid Carbide Tools.

Who are the key members and board of directors at Hittco Tools?

Executive Team (3)

NameDesignationAppointment DateStatus
Surendra Bhandari Country flag representing In Managing Director04-Jan-1995Current
Sarita Kirnani Country flag representing In Company Secretary31-Aug-2023Current
Ruth Chithraj CFO09-Jul-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
Rajeev Hassanand Country flag representing In Additional Director 09-Jul-2024Current
Sidharth Bhandari Country flag representing In Director 04-Jan-1995Current
Madhu Bhandari Country flag representing In Director 04-Jan-1995Current
Vikram Gupta Country flag representing In Director 30-Jun-2009Current
Satish Shimoga Country flag representing In Director 19-May-2008Current
Yashvardhan Bhandari Country flag representing In Director 18-Dec-2017Current

Financial Performance of Hittco Tools.

Hittco Tools Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.77% increase. The company also saw a substantial fall in profitability, with a 16.52% decrease in profit. The company's net worth Soared by an impressive increase of 22.91%.

Hittco Tools revenue growth over time
Hittco Tools 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
5.77%
Revenue from Operations
6.61%
Total Assets
-1.36%
Profit or Loss
-16.52%
Net Worth
22.91%
EBITDA
2.51%

What is the Ownership and Shareholding Structure of Hittco Tools?

In 2023, Hittco Tools had a promoter holding of 25.63% and a public holding of 74.37%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.96 Cr

Satisfied Charges

₹8.46 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 1.30 Cr
  • Others : 0.66 Cr

Latest Charge Details

DateLenderAmountStatus
25 Aug 2022Axis Bank Limited₹1.30 CrOpen
17 Sep 2021Others₹5.50 MOpen
27 Aug 2021Others₹1.09 MOpen
23 May 2012Kotak Mahindra Bank Limited₹3.51 CrSatisfied
01 Mar 2010Hdfc Bank Limited₹6.00 MSatisfied

How Many Employees Work at Hittco Tools?

Hittco Tools has a workforce of 34 employees as of Jul 21, 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 Hittco Tools Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hittco Tools, 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 Hittco Tools'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 Hittco Tools

Recent activity within the organization

  • Director Appointment

    Rajeev Gobindram Hassanand was appointed as a Additional Director was appointed as a Additional Director on 09 Jul 2024 & has been associated with this company since 7 months 25 days .

  • Director Appointment

    Ruth Mary Chithraj was appointed as a Cfo was appointed as a Cfo on 09 Jul 2024 & has been associated with this company since 7 months 25 days .

  • Annual General Meeting

    Hittco Tools Limited last Annual general meeting of members was held on 17 Aug 2023 as per latest MCA records.

  • Balance Sheet

    Hittco Tools Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100613232 was registered on 25 Aug 2022.

  • Charges

    A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100484475 was registered on 17 Sep 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Hittco Tools Limited?

    Hittco Tools Limited was incorporated on 04 Jan 1995.

  • What is authorized share capital and paid-up capital of Hittco Tools Limited?

    The authorized share capital of Hittco Tools Limited is ₹ 7.00 Cr and paid-up capital is ₹ 6.04 Cr.

  • Who are the current board members & directors of Hittco Tools Limited?

    Currently 10 directors are associated with Hittco Tools Limited.

    • Sidharth Bhandari
    • Madhu Bhandari
    • Surendra Bhandari
    • Vikram Gupta
    • Satish Ramarao Shimoga
    • Rajeev Gobindram Hassanand
    • Yashvardhan Bhandari
    • Biligere Shekar Prakash
    • Sarita Kirnani
    • Ruth Mary Chithraj

  • What is the registered address of Hittco Tools Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hittco Tools Limited is Htc Aspire 19 Ali Asker Road, 2Nd Floor, Bangalore, Karnataka, India, 560052.

  • What is the corporate identification number (CIN) and company number of Hittco Tools Limited?

    The corporate identification number (CIN) of Hittco Tools Limited is L28939KA1995PLC016888 and the company number is 016888 as per Ministry of Corporate Affairs (MCA).

  • Is Hittco Tools Limited registered with any stock exchange in India?

    Yes, Hittco Tools Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Hittco Tools Limited?

    The Official website of Hittco Tools Limited is https://www.hittco.com

  • What has been the recent revenue trend for Hittco Tools Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Hittco Tools Limited has risen by 5.77%.

  • How many employees does Hittco Tools Limited currently have?

    As Per 2023 financial reports, 34 employees are currently employed by Hittco Tools Limited.

  • What change has been observed in the net worth of Hittco Tools Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Hittco Tools Limited has experienced an upsurge of 22.91%.

  • What are the total open charges for Hittco Tools Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Hittco Tools Limited amount to ₹ 1.96 Cr.

  • When was the last Balance Sheet of Hittco Tools Limited filed with the ROC?

    The most recent Balance Sheet for Hittco Tools Limited was filed with the ROC on 31 Mar 2023.

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