Hitech Corporation Limited, formerly known as Hi-Tech Plast Limited was incorporated in October, 1991. The name of the Company was changed from 'Hitech Plast Limited' to 'Hitech Corporation Limited' and a Certificate of Incorporation was obtained from Registrar of Companies, Mumbai on 3rd May, 2017.
Presently, the Company is engaged in the manufacturing of rigid plastic containers specially catering to customers relating to Paints, Lube agro chemical, FMCG, personal and health care and home care product as well as export market. As at March 31, 2025, Geetanjali Trading & Investments Private Limited, the holding company owned 69.11% of the Company's equity share capital.
Hitech grew to 13 manufacturing facilities across India. The new manufacturing unit at Masat, Silvassa, Dadra & Nagar Havelli commenced its commercial production in April 2003.
Plastic & Precision Machinefabrik Limited (PPMF) was amalgamated with the Company effective from 1st April 2003, through the Scheme of Amalgamation. Similarly, the Company's wholly owned subsidiary Multitech Plast Containers Limited was amalgamated with the Company, with effect from 1st April 2005. During year 2004-05, the Company purchased the remaining equity shares of Multitech Plast Containers Limited and Clear Plastics Limited, thereby making them the wholly owned subsidiaries of the Company.
The new manufacturing unit in Rohtak, Haryana commenced its commercial production in April 2010. After commissioning of manufac ...turing unit in Rohtak, the Company expanded installed capacities in the year 2011-12. All these expansions started commercial production costing Rs 14 Crores. Further, it started commercial production at new Khandala Unit in Satara District of Maharashtra on 30th March, 2013.
During the year 2014-15, through the Scheme of Amalgamation, Clear Mipak Packaging Solutions Limited (CMPSL), a subsidiary of the Company was merged into the Company, which came into effect from 1st April, 2014 and accordingly, CMPSL ceased to be the subsidiary of the Company. The Rebuilding of factory operation at Rohtak resumed in March, 2017. The Company set up a a facility for manufacturing rigid plastic containers at Mysuru, Karnataka and commenced commercial production at the said plant from end of September, 2018. Similarly, during the year 2018-19, it commenced construction work at Vizag for manufacturing rigid plastic containers and commenced commercial production in August, 2019.
As a part of its consolidation initiative, the manufacturing facility of the Company situated at Galonda (Dadra & Nagar Haveli) was shifted and merged with the unit situated at Naroli (Dadra & Nagar Haveli) by transfer of Plant and Machinery and other accessories with effect from October 1, 2018. Similarly, Technology Centre at Chinchwad, Pune was shifted to a separate unit situated within the plant premises at Sanaswadi. The manufacturing operations of the Company's unit situated at Baddi, Himachal Pradesh resumed operations to normalcy in the month of October, 2019.
In FY 2024, Company commissioned a new Technology Centre at Pune. Further, it commissioned a new Bulk Packaging Plant at Dahej for the
manufacture of large drums.
Company acquired Thriarr Polymers Pvt Ltd., specialising in manufacturing of thermosets and thermoplastics in 2025. Also, Company incorporated a Wholly Owned Subsidiary, Hitech Global Inc in USA. The Company also acquired 100% shares in an Indian Private Company viz. Thriarr Polymers Private Limited in 2025.
FAQs on Hitech Corporation Ltd
1. Can I buy Hitech Corporation Ltd from PL Capital? ›
Yes, you can invest in Hitech Corporation Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Hitech Corporation Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Hitech Corporation Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Hitech Corporation Ltd pay dividends? ›
Yes, Hitech Corporation Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Hitech Corporation Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Hitech Corporation Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Hitech Corporation Ltd. is ₹ 156.22 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Hitech Corporation Ltd ? ›
The 52-week high and low of Hitech Corporation Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
