What we do Hitech Corporation Ltd manufactures rigid plastic containers for industries like paints, lubricants, FMCG, and agrochemicals, serving domestic and export markets. |
Founded in 1,991 |
Market share A leading manufacturer with 13 facilities across India, serving major industrial clients including Asian Paints. |
Problem solved Provides durable, precision-engineered plastic packaging solutions addressing industrial storage and transport needs. |
Top clients or who we serve Serves B2B customers in paints, lubricants, FMCG, agrochemicals, personal care, and exports. |
Key management Jayendra R. Shah (Chairman), Malav A. Dani (Managing Director), Mehernosh A. Mehta (Wholetime Director). |
Our journey and innovations Founded in 1991, expanded through multiple acquisitions and new plants, launched technology centers, and recently acquired Thriarr Polymers to diversify product offerings. |
Where we operate India with manufacturing units nationwide; newly established presence in USA via subsidiary Hitech Global Inc. |
Top products or what we offer Rigid plastic containers and bulk packaging solutions mainly for paints, lubricants, FMCG, and agrochemical sectors. |
Top brands No public flagship brand names; known for specialized plastic packaging for major industrial clients such as Asian Paints. |
Raw materials needed Thermoplastics and thermosets used in plastic molding and container manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mostly from recurring industrial orders with stable demand; slight cyclicality due to sector performance. |
Our industry position Among top rigid plastic container suppliers in India with a strong industrial client base and expanding global footprint. |
Financial highlights FY 2024-25 revenue ₹561.43 crore; net profit ₹8.94 crore; moderate decline from previous year due to market conditions. |
Geographical revenue split 94% Domestic (₹554.4 crore), 1% Export (₹5.32 crore) contributing to total revenues. |
Order book - |
Whats driving growth Capacity expansions, acquisition of Thriarr Polymers, new technology centers and subsidiary formation in US drive growth. |
Our future plans Focus on global expansion, technological upgrades, sustainable materials R&D, and diversified product development. |
Our green promise - |
Our people and values Commitment to ethics, transparency, and employee development supported by robust governance and leadership. |
Key challenges ahead Fluctuating raw material costs, competition, economic slowdowns, and technological disruption risks. |
Interesting facts Merged multiple subsidiaries, acquired specialized polymer manufacturer, and launched US subsidiary in 2024-25. |
Risks and strategy Mitigates market and operational risks via diversified clients, innovation, and stringent financial controls. |
