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The Hi-Tech Gears Ltd.

BSE: 522073 Sector: Auto
NSE: HITECHGEAR ISIN Code: INE127B01011
BSE 09:58 | 25 Feb 157.00 -0.85
(-0.54%)
OPEN

157.25

HIGH

157.25

LOW

157.00

NSE 09:52 | 25 Feb 158.05 0
(0.00%)
OPEN

158.10

HIGH

158.10

LOW

158.05

OPEN 157.25
PREVIOUS CLOSE 157.85
VOLUME 100
52-Week high 339.00
52-Week low 141.75
P/E 14.34
Mkt Cap.(Rs cr) 295
Buy Price 157.75
Buy Qty 2.00
Sell Price 162.30
Sell Qty 16.00
OPEN 157.25
CLOSE 157.85
VOLUME 100
52-Week high 339.00
52-Week low 141.75
P/E 14.34
Mkt Cap.(Rs cr) 295
Buy Price 157.75
Buy Qty 2.00
Sell Price 162.30
Sell Qty 16.00

The Hi-Tech Gears Ltd. (HITECHGEAR) - Company History

Incorporated in 1986, Hi-Tech Gears (HTGL) manufactures automotive gears and shafts at Bhiwadi, Rajasthan, mainly for Hero Honda Motors (HHML). Over a period of time, it has acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. Its other clients are Maruti Udyog, Shriram Honda Power Equipment and Escorts. The company is granted QS9000 accrediation by Underwriters Laboratories and is already having ISO 9000 Certificate. New quality standards are being adopted by the Companies all over the world. HTGL has tied up with Kyushu Musashi, a subsidiary of Honda Motors, Japan, to manufacture closed-die forgings in India. This particular product is a raw material for transmission gears and shafts. These forgings are at present imported by HHML. With the implementation of the forgings project, the company will stand to benefit as in-house forgings manufacture will result in value-added and cost-effective products. The technology thus acquired will be unique which imparts greater strength to forgings and will not be restricted to the automobile sector. This is the first time this technology is being transferred outside the Honda group. Company has taken initiative and seeks to be a front runner in customer satisfaction. Company has succeeded in opening up the export market and has commenced supply to M/s Cummins world wide. Besides this the company is developing markets in Germany and increasing its business in U.K. Company also confident about the healthy segment of its business due to company's largest customer M/s Hero Honds Motors Ltd. It has plans of diversifying into the software arena with a foray into e-engineering services. The company has formed a small group named Hi-tech Soft which is utilising software from original equipment (OE) customers to undertake projects on assembly, modelling, computer aided machining (CAM), drawing and other engineering services. It plans to strengthen it and then hive it off as a separate entity in the future. This division plans to offer product and process life cycle management projects, intralink implementation, training and consulting services.