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The Hi-Tech Gears Ltd.

BSE: 522073 Sector: Auto
NSE: HITECHGEAR ISIN Code: INE127B01011
BSE 00:00 | 05 Mar 176.40 -1.60
(-0.90%)
OPEN

180.00

HIGH

180.00

LOW

175.15

NSE 00:00 | 05 Mar 175.75 -2.25
(-1.26%)
OPEN

175.20

HIGH

181.00

LOW

174.40

OPEN 180.00
PREVIOUS CLOSE 178.00
VOLUME 4010
52-Week high 206.55
52-Week low 64.00
P/E 16.27
Mkt Cap.(Rs cr) 331
Buy Price 176.00
Buy Qty 202.00
Sell Price 182.00
Sell Qty 50.00
OPEN 180.00
CLOSE 178.00
VOLUME 4010
52-Week high 206.55
52-Week low 64.00
P/E 16.27
Mkt Cap.(Rs cr) 331
Buy Price 176.00
Buy Qty 202.00
Sell Price 182.00
Sell Qty 50.00

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.

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