Hi-Tech Gears Limited , a prominent player in the automotive parts industry, has announced significant changes to its leadership team. The company's Board of Directors approved multiple appointments and reappointments during their meeting on July 23, 2025, signaling a strategic move to strengthen its management structure.

Key Leadership Changes

1. Executive Chairman Reappointed Deep Kapuria, the founder of Hi-Tech Gears, has been reappointed as Executive Chairman for another three-year term, effective October 1, 2025. Mr. Kapuria, a technocrat with expertise in gear manufacturing, designing, and business management, brings decades of industry experience to his role.

2. Managing Director Continues Pranav Kapuria will continue as Managing Director for an additional three-year term, also starting October 1, 2025. His reappointment acknowledges his significant contributions to the company's growth since joining in 2000.

3. Executive Director Retained Anuj Kapuria has been reappointed as Executive Director for three more years from October 1, 2025. With a Master's degree in Robotics from Carnegie Mellon University, Mr. Anuj Kapuria has been instrumental in advancing the company's capabilities in robotics and artificial intelligence.

4. New Independent Director Ramakrishnan Ramanathan joins the board as an Additional Non-Executive Independent Director for a five-year term, effective July 24, 2025. Mr. Ramanathan brings 38 years of experience from Tata Motors Limited, where he held various senior leadership positions.

5. Finance Expert Elevated Vijay Mathur, previously serving as Senior General Manager, Finance, has been appointed as Executive Director for a three-year term starting July 24, 2025. With nearly 40 years of experience in finance and a 35-year association with Hi-Tech Gears, Mr. Mathur's promotion strengthens the company's financial leadership.

Corporate Governance and Compliance

The company emphasized that all appointments are subject to shareholder approval. Hi-Tech Gears also confirmed that none of the appointed directors are debarred from holding directorship positions by SEBI or any other authority.

Family Leadership

It's noteworthy that Deep Kapuria is the father of both Pranav and Anuj Kapuria, highlighting the family's continued involvement in the company's top management. However, the addition of external expertise through appointments like Ramakrishnan Ramanathan and the promotion of long-serving executive Vijay Mathur indicates a balanced approach to leadership.

Looking Ahead

These strategic appointments come at a time when the automotive industry is undergoing rapid technological changes. With a mix of continuity in family leadership and the infusion of new perspectives, Hi-Tech Gears appears to be positioning itself for future challenges and opportunities in the evolving automotive landscape.

The company's shares are listed on both the National Stock Exchange and the Bombay Stock Exchange.

Hi-Tech Gears , a prominent player in the automotive components sector, has announced its financial results for the fourth quarter, revealing a mixed performance with some positive indicators amid overall revenue decline.

Revenue and Profit Overview

Hi-Tech Gears reported a consolidated revenue of ₹2.10 billion for Q4, marking a significant decrease from ₹2.85 billion in the same quarter of the previous year. This 26.32% year-over-year decline in revenue reflects challenging market conditions faced by the company.

The company's consolidated net profit for Q4 stood at ₹97.00 million, down from ₹178.30 million in the corresponding quarter last year, representing a 45.60% decrease. However, it's worth noting that the net profit showed a quarter-over-quarter improvement, rising from ₹69.00 million in the previous quarter.

EBITDA and Margin Performance

Hi-Tech Gears' EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q4 was ₹332.00 million, down from ₹408.40 million in the same period last year, marking an 18.71% decrease. Despite the lower EBITDA, the company managed to improve its EBITDA margin, which rose to 15.79% from 14.55% year-over-year.

This margin improvement suggests that Hi-Tech Gears has been focusing on operational efficiency and cost management to mitigate the impact of reduced revenue.

Quarterly Performance Trends

Examining the quarterly trends provides additional context to Hi-Tech Gears' performance:

The quarterly comparison reveals a consistent decline across key financial metrics from Q3 to Q4 of FY2024. However, the improvement in net profit from ₹69.00 million in Q3 to ₹97.00 million in Q4, as reported earlier, suggests some positive momentum despite the overall challenging quarter.

Annual Performance

For the full fiscal year 2024, Hi-Tech Gears reported:

• Total revenue: ₹1,116.80 crore
• Net profit: ₹114.30 crore
• EBITDA: ₹159.90 crore

These figures represent a slight decline in revenue (-5.13%) but a substantial increase in net profit (394.81%) compared to the previous fiscal year.

Conclusion

Hi-Tech Gears' Q4 results paint a picture of a company navigating through a challenging market environment. While revenue and EBITDA have declined year-over-year, the improved EBITDA margin and quarter-over-quarter increase in net profit suggest that the company is implementing effective strategies to manage costs and improve profitability. As the automotive sector continues to evolve, Hi-Tech Gears' ability to maintain operational efficiency will be crucial for its future performance.