About Hitech Corporation Limited

Founded in 1991, Hitech Corporation Limited is a leading Indian provider of rigid plastic packaging solutions serving a wide spectrum of industries, including paints and coatings, lubricants, construction and specialty chemicals, agrochemicals, food and beverage, home care, personal care and pharmaceuticals. Its product portfolio spans pails (1L to 20L), bottles (5 ml to 5L) and large drums up to 250L, designed for durability, functionality and leak-proof performance, including for the fast-evolving requirements of e-commerce. The Company deploys multiple moulding technologies—such as injection moulding, extrusion blow moulding, injection blow moulding, injection stretch blow moulding and stretch blow moulding—supported by a 360º service model from design and prototyping to engineering and execution.

Hitech has an all‑India footprint with 13 manufacturing units and a dedicated Technology Centre in Pune. The Technology Centre holds DSIR recognition and is positioned as a launchpad for next‑generation, customised packaging solutions for end customers. The manufacturing network is spread nationwide, with a total manufacturing space of 1 million sq. ft, underlining proximity to customers and speed to market. The Company reports a single primary segment—Plastic Containers—under Ind AS 108.

Hitech serves more than 2,000 clients across India and has built an extensive SKU base of 1,200+ to meet varied application needs. Its solutions are engineered for high precision, speed and reliability, with specialised features such as leak‑proof packs and ergonomic spout variants. The Group has 2 subsidiaries: one manufactures thermoset moulded parts for assembly in automobiles and other industries, and the other provides marketing services outside India; both are wholly owned. Milestones in the latest period include the commissioning of a bulk packaging drum business at Dahej; a strategic acquisition to broaden into thermoset moulded components; and setting up a US entity to handle international marketing, complementing Hitech’s India-wide manufacturing presence.

Key Milestones of Hitech Corporation Limited

Milestones in the latest period include the commissioning of a bulk packaging drum business at Dahej; a strategic acquisition to broaden into thermoset moulded components; and setting up a US entity to handle international marketing, complementing Hitech’s India-wide manufacturing presence.

Hitech Corporation Limited Geographic Presence 

The Company has 13 manufacturing units across India and a DSIR‑recognised Technology Centre in Pune, with 1 million sq. ft of manufacturing space. Internationally, a wholly owned US subsidiary provides marketing services to support the Group’s outreach outside India.

Hitech Corporation Limited Business Segment

• The Company reports a single primary segment—Plastic Containers—under Ind AS 108.

Hitech Corporation Limited Key Management

• Jayendra R. Shah — Chairman
• Malav A. Dani — Managing Director
• Mehernosh A. Mehta — Whole Time Director
• Avan R. Chaina — Chief Financial Officer
• Hetali Mehta — Company Secretary

Latest Updates on Hitech Corporation Limited

• Strategic expansion: The Company entered the bulk packaging drum business at Dahej, manufacturing large drums ranging from 50 litres to 250 litres for chemical industry customers, and indicated plans to expand capacity on the back of a strong order book.
• Portfolio and market diversification: Hitech expanded into dairy markets while continuing machine and mould modernisation to enhance productivity and quality across its operations.
• Acquisition: The Group completed the acquisition of Thriarr Polymers Private Limited, a manufacturer of thermoset moulded components for the electrical, automotive and energy industries, on February 25, 2025, broadening capabilities and access to strategic global customers.
• Global reach: To strengthen international business development, the Group established a wholly owned US subsidiary on April 17, 2024, focused on marketing services for the Parent Group’s offerings outside India.
• Customer‑centric innovations: The Company introduced new product formats and design upgrades tailored to evolving end‑use requirements, underpinned by its DSIR‑recognised Technology Centre and comprehensive design‑to‑delivery model.
• Support to subsidiary: During the year, Hitech provided a loan of Rs 2.03 crore to its wholly owned subsidiary for business purposes, as disclosed in the Board’s Report.