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Hitech Corporation

Hitech Corporation

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Highlights

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Shareholders more than 1%

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Overview

Hitech Corporation, founded in 1991, has steadily emerged as a leading conglomerate in India’s rigid plastic packaging sector. The company operates with a deep-rooted commitment to fostering innovation, precision and customer satisfaction. Its wide-ranging product solutions serve critical industries including paints and coatings, lubricants, construction and specialty chemicals, agrochemicals, food and beverage and personal care. Backed by a robust network of several advanced manufacturing units and a workforce of over thousands of skilled professionals, it delivers to thousands of clients nationwide.

It is one of India's leading providers of rigid plastic packaging solutions, with a legacy of over decades. Over the years, it has continued to evolve to meet the dynamic needs of diverse industries, ranging from FMCG and agrochemicals to pharmaceuticals, lubricants, paints, home care and personal care. Its focus on innovation, quality and customer-centricity enables it to deliver specialised, high-performance packaging solutions tailored to each sector's unique requirements.

Its state-of-the-art manufacturing facilities are located across strategic locations in India and equipped with advanced moulding technologies and modern infrastructure that ensure both efficiency and precision. At the heart of its innovation engine is its dedicated Technology Centre, which anchors its 360-degree service model, spanning concept development, design, prototyping and execution. This collaborative ecosystem brings together skilled professionals, designers and engineers to co-create unique, leak-proof, ergonomic and sustainable packaging solutions which increase the value of the end product.

Business area of the company

The company is engaged in manufacturing of rigid plastic packaging products specially catering to customers relating to paints, lube, agro chemical, FMCG, personal and health care and home care product as well as export market.

Product categories of the company

  • Agro Chemicals
  • Dairy
  • Construction Chemicals
  • Paints
  • Personal Care
  • Food & Beverage
  • Home Care
  • Pharmaceuticals

History and milestones 

  • 1991: Incorporated as Hitech Corporation, it begins its journey as a rigid plastic packaging manufacturer with the aim of delivering high-quality, innovative, and sustainable packaging solutions.
  • 1992: It laid the foundation of its manufacturing presence with its first facility at Sanaswadi.
  • 1993: IPO of the company on the Bombay Stock Exchange
  • 1994: It became pioneers in introducing Dry Offset Printing for plastic containers in India.
  • 2001: Acquired 51% stake in Multitech Plast Containers Ltd.
  • 2003: Acquired shares in Clear Plastics Group of Companies, specialists in Blow Moulding Technology.
  • 2005: Merged Multitech Plast Containers Ltd with Hitech Corporation.
  • 2006: Acquired shares in Mipak Polymers Ltd, known for its expertise in Injection Stretch Blow Moulding Technology.
  • 2007: Listed on the National Stock Exchange.
  • 2010: Its Rohtak unit commenced commercial production.
  • 2013: Commissioned a new manufacturing unit in Khandala, Maharashtra.
  • 2015: Merged Clear Mipak Polymer Solutions Ltd with the company
  • 2016: Established a not-for-profit foundation, ‘Sab Ka Mangal Ho’, dedicated to promoting wellness through healthcare drives, natural resource management projects, yoga and value-based education at orphanages, all aimed at creating a better world for people and the planet.
  • 2018: Commissioned a new facility in Mysuru.
  • 2019: Another milestone with a new manufacturing unit in Vizag.
  • 2020: Introduced pad printing technology to enhance the quality of print and labelling in packaging.
  • 2021: Upgraded its capabilities in multi-cavity moulds to accelerate production cycles, and further advanced its mould development for caps and closures.
  • 2022: Began in-house design and validation of drums/ containers for personal care and cosmetic segments at its Technology Centre.
  • 2023: Integrated solar energy across its plants, reinforcing its commitment to green energy and sustainable practices.
  • 2024: Commissioned a new facility in Dahej, Gujarat for the manufacture of large drums. It was also recognised as Certified Green Channel Partners by select customers.
  • 2025: Acquired Thriarr Polymers Pvt Ltd., specialising in manufacturing of thermosets and thermoplastics. Also incorporated Hitech Global Inc in US, an extended arm for global marketing.

Brands Of Hitech Corporation

Brands Of Hitech Corporation

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