Benefits
DashboardNot registered yet? Get a free account.
Sign Up
MERITOR HVS (INDIA) LIMITED
Leave site?
You're about to leave our website and go to an external link. Are you sure?
Active
Updated: 30 Sep 2025
The company provides drivetrain solutions with Axles and Brakes for Heavy Vehicles in Commercial, Military and Off-Highway applications. they have in-house design, development and testing facilities to provide the most advanced and reliable drivetrain solutions for your vehicle.
Meritor Hvs (India) Limited, is an unlisted public company incorporated on 13 February, 1998. It is classified as a public limited company and is located in , . It's authorized share capital is INR 3.50 cr and the total paid-up capital is INR 2.43 cr.
Read more
Buy Dashboard using Credits
Buy Dashboard using Credits
Industry and products
Manufacturing (Machinery & Equipments)
- Drive Axles, /Brakes- Drum Brakes, Motor Grader, Automotive Parts & Components- Trailer Axles, Different gear parts, Tag Axles
Company size
₹ 3.5 Cr
₹ 2.4 Cr
₹ 2000-2250 cr
Auth Capital
Paidup Capital
Revenue
Key Metrics
** All rupee values in INR crores. Based on March 2024 numbers.
Total Revenue
1.9%
1.9%
EBITDA
9.24%
9.24%
Net Profit
2.2%
2.2%
Networth
10.89%
10.89%
Borrowings
-
Assets
-7.04%
-7.04%
Gross Margin
0.45
0.45
Operating Margin
0.43
0.43
Net Profit Margin
0.01
0.01
Return on Equity
-3.53
-3.53
ROCE
-1.55
-1.55
Debt to Equity
-
Sales
Mar 2024
Net worth
Mar 2024
Buy Report or Plans
Buy Report or Plans
Dashboards
Popular Plan-
₹ 449
Company dashboard-
Five year financials and ratios
-
Risk analysis
-
Interactive charts
-
Company dashboard
Buy credits
View subscriptions
MCA Fillings
-
₹ 349
All financials
-
All financials
-
All annual returns
-
MoA and AoA
-
-
₹ 249
1 Year
-
Latest financials
-
Latest annual return
-
MoA and AoA
-
PDF Reports
-
₹ 799
Financial report
-
Five year financials and ratios
-
Shareholding and group structure
-
-
₹ 1299
Financial+Litigation report
-
Everything in financial report
-
Litigation report on the company
-
-
₹ 2999
Due diligence report
-
Everything in financial+litigation report
-
Peers and financials
-
* GST not included
** Reports & MCA filings will be based on the latest available financials.
Choose number of credits to buy
1
₹ 449 + GST
* INR 349 for 20+ credits purchase
1 credit = one company dashboard
Locations
India
(3)
| State | Type | Address |
|---|
Locations on Map
Locations on Map
Filter (4)
Filter (4)
Select Tags
Choose Location
People
| Designation | Name | DIN/PAN | Tenure |
|---|---|---|---|
| Director | Kenneth James Hogan | 09161738 | 4 years |
| Director | Bhoopalam Chandrashekharaiah Prabhakar | 00040052 | 10 years |
| Director | Babasaheb Neelkanth Kalyani | 00089380 | 27 years |
| Whole-Time Director | Kishan Kumar Udupi | 09718569 | 1 years |
Financial Highlights
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 953.8 | 893.8 | 1,372.0 | 2,037.0 | 2,085.1 |
| Operating profit | 58.0 | 51.6 | 103.6 | 132.7 | 145.0 |
| Net profit | 44.8 | 37.9 | 79.6 | 107.7 | 110.1 |
| Gross margin | 11.8 | 11.1 | 11.2 | 9.4 | 9.9 |
| Operating margin | 6.1 | 5.8 | 7.5 | 6.5 | 7.0 |
| Net margin | 4.7 | 4.2 | 5.8 | 5.2 | 5.3 |
| Networth | 158.0 | 165.8 | 209.6 | 239.0 | 265.1 |
| Borrowings | - | - | - | - | - |
| Assets | 311.3 | 436.6 | 551.7 | 636.9 | 592.0 |
| Debt to equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current ratio | 2.0 | 1.6 | 1.6 | 1.6 | 1.8 |
| ROE | 28.4 | 22.9 | 38.0 | 45.0 | 41.5 |
| Days payable | 63.0 | 121.0 | 98.0 | 76.0 | 60.0 |
| WC days | 57.0 | 64.0 | 53.0 | 41.0 | 45.0 |
Margins
Gross margin
Operating margin
Net margin
Balance Sheet
₹
%
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 |
| Reserves | 155.6 | 163.3 | 207.2 | 236.6 | 262.6 |
| Borrowings + | - | - | - | - | - |
| Long term borrowings | - | - | - | - | - |
| Short term borrowings | - | - | - | - | - |
| Trade payables + | 145.4 | 262.6 | 327.0 | 383.9 | 308.9 |
| Days payable | 63.0 | 121.0 | 98.0 | 76.0 | 60.0 |
| Other liabilities + | 153.2 | 270.9 | 342.1 | 397.8 | 327.0 |
| Other non-current liabilities | 1.7 | - | - | 0.8 | 7.8 |
| Other current liabilities | 6.2 | 8.2 | 15.0 | 13.1 | 10.3 |
| Total liabilities | 311.3 | 436.6 | 551.7 | 636.9 | 592.0 |
| Fixed Assets + | 5.4 | 4.4 | 4.4 | 5.0 | 4.6 |
| Tangible assets | 5.2 | 4.4 | 4.4 | 5.0 | 4.6 |
| CWIP | - | - | - | - | - |
| Intangible assets | 0.2 | - | - | - | - |
| LT loans and advances | - | - | - | - | - |
| Other non-current assets | 6.4 | 5.5 | 5.0 | 6.6 | 10.0 |
| Current assets + | 299.5 | 426.6 | 542.3 | 625.2 | 577.4 |
| Inventories | 35.9 | 31.2 | 43.2 | 61.2 | 54.5 |
| Trade receivables | 177.2 | 309.4 | 393.0 | 474.8 | 452.4 |
| Cash and cash equivalents | 51.7 | 73.7 | 97.3 | 79.9 | 64.0 |
| ST loans and advances | - | - | - | 3.1 | - |
| Other current assets | 34.7 | 12.2 | 8.7 | 6.1 | 6.5 |
| Total assets | 311.3 | 436.6 | 551.7 | 636.9 | 592.0 |
Total assets
Profit & Loss
₹
%
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales + | 953.8 | 893.8 | 1,372.0 | 2,037.0 | 2,085.1 |
| Sales growth % | -46.87 | -6.3 | 53.51 | 48.46 | 2.36 |
| Expenses + | 898.9 | 844.5 | 1,270.8 | 1,907.1 | 1,942.8 |
| Cost of goods | 841.8 | 795.0 | 1,218.3 | 1,844.4 | 1,878.7 |
| Employee cost | 10.1 | 8.2 | 11.3 | 11.7 | 12.6 |
| Other costs | 44.0 | 38.9 | 38.9 | 48.1 | 48.8 |
| Operating profit + | 58.0 | 51.6 | 103.6 | 132.7 | 145.0 |
| Operating margin % | 6.1 | 5.8 | 7.5 | 6.5 | 7.0 |
| Other income | 6.4 | 2.0 | 5.1 | 14.6 | 5.3 |
| Interest | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 |
| Depreciation | 2.6 | 2.1 | 2.0 | 2.5 | 2.3 |
| Exceptional items | - | - | - | - | - |
| Profit before tax | 61.3 | 51.2 | 106.4 | 144.4 | 147.6 |
| Tax | 16.5 | 13.3 | 26.7 | 36.7 | 37.6 |
| Profit - disc. ops | - | - | - | - | - |
| Net profit | 44.8 | 37.9 | 79.6 | 107.7 | 110.1 |
| Net margin % | 4.7 | 4.2 | 5.8 | 5.2 | 5.3 |
Revenue from operations
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Solvency + | |||||
| Total Debt/Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Debt/Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Debt/Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Assets/Equity | 2.0 | 2.6 | 2.6 | 2.7 | 2.2 |
| Liquidity + | |||||
| Current Ratio | 2.0 | 1.6 | 1.6 | 1.6 | 1.8 |
| Quick Ratio | 1.7 | 1.5 | 1.5 | 1.4 | 1.6 |
| Interest Coverage | 126.3 | 187.1 | 336.2 | 314.6 | 341.2 |
| Performance | |||||
| Gross Margin | 11.8 | 11.1 | 11.2 | 9.4 | 9.9 |
| Operating Margin | 6.1 | 5.8 | 7.5 | 6.5 | 7.0 |
| Net Margin | 4.7 | 4.2 | 5.8 | 5.2 | 5.3 |
| Return + | |||||
| Return on Equity | 28.4 | 22.9 | 38.0 | 45.0 | 41.5 |
| Pre-tax ROCE | 36.1 | 30.9 | 49.6 | 55.8 | 54.3 |
| Return on Assets | 14.4 | 8.7 | 14.4 | 16.9 | 18.6 |
| Pre-tax ROIC | 35.0 | 29.9 | 48.5 | 54.5 | 53.8 |
| Efficiency + | |||||
| Days Payable | 63.0 | 121.0 | 98.0 | 76.0 | 60.0 |
| Days Inventory | 16.0 | 14.0 | 13.0 | 12.0 | 11.0 |
| Days Receivable | 68.0 | 126.0 | 105.0 | 85.0 | 79.0 |
| Fixed Asset Turnover | 177.0 | 200.9 | 310.8 | 406.8 | 453.3 |
| Total Asset Turnover | 3.1 | 2.0 | 2.5 | 3.2 | 3.5 |
| Working Capital | |||||
| Cash Conversion Cycle | 21.0 | 19.0 | 20.0 | 21.0 | 30.0 |
| Working Capital Days | 57.0 | 64.0 | 53.0 | 41.0 | 45.0 |
Ratios
Current ratio
Debt/equity ratio
Charges on assets
As per information available, the company has no registered charges.
Company Network
Companies connected through Directors
| Name | Status | Paid up Capital | Common Directors | Address |
|---|---|---|---|---|
| ALIGN PLACEMENT SERVICES PRIVATE LIMITED |
Strike Off
|
1.0 L | 1 | Karnataka |
| BCP ASSOCIATES LLP |
Active
|
1.0 L | 1 | Karnataka |
| BHOOPALAM LAW ASSOCIATES LLP |
Active
|
1.0 L | 1 | Karnataka |
| HASHAM INVESTMENT AND TRADING CO PVT LTD |
Active
|
4.0 Cr | 1 | Karnataka |
| PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED. |
Active
|
13.9 L | 1 | Karnataka |
| TARISH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED. |
Active
|
1.4 L | 1 | Karnataka |
| BF SYSTEMS LIMITED |
Strike Off
|
0.0 | 1 | Maharashtra |
| KALYANI ALSTOM POWER LIMITED |
Amalgamated
|
50.0 Cr | 1 | Delhi |
| ZEPHYR ENGINEERING AND TECHNOLOGY CONSUL TANTS LLP |
Active
|
1.0 L | 1 | Maharashtra |
| KALYANI MAXION WHEELS PRIVATE LIMITED |
Active
|
16.0 Cr | 1 | Maharashtra |
| BHARAT FORGE LTD |
Active
|
95.6 Cr | 1 | Maharashtra |
| MAXION WHEELS ALUMINUM INDIA PRIVATE LIMITED |
Active
|
524.7 Cr | 1 | Maharashtra |
| KALYANI STEELS LTD |
Active
|
21.8 Cr | 1 | Maharashtra |
| AUTOMOTIVE AXLES LIMITED |
Active
|
15.1 Cr | 2 | Karnataka |
Tofler Score
Very Good
Poor
Fair
Good
Very Good
Excellent
Risk
Severe Risk
- No risks identified
Moderate Risk
- No risks identified
Low Risk
- LOW INVENTORY
- GROSS MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is
dependent on three key factors - Sustainability, Governance, and Growth.
Read more
Registered Details
CIN
U29221KA1998PLC023383PAN
AABCM8911GIncorporation
1998, 27.7 yearsCompany Email
meritor.mysuru@cummins.comPaid up Capital
₹ 2.4 CrAuthorised Capital
₹ 3.5 CrAGM
Aug 2024Type
Public
Others
FAQ - MERITOR HVS (INDIA) LIMITED
What is the incorporation date of MERITOR HVS (INDIA) LIMITED?
The incorporation date of MERITOR HVS (INDIA) LIMITED is 13 February, 1998
What is the authorized share capital of MERITOR HVS (INDIA) LIMITED?
The authorized share capital of MERITOR HVS (INDIA) LIMITED is INR ₹ 3.5 Cr.
What is the paid-up capital of MERITOR HVS (INDIA) LIMITED?
The paid-up capital of MERITOR HVS (INDIA) LIMITED is INR ₹ 2.4 Cr.
What is the registered address of MERITOR HVS (INDIA) LIMITED?
The registered address of MERITOR HVS (INDIA) LIMITED is HOOTAGALLI INDL. AREAOFF.HANSUR ROAD, MYSORE, NA, Karnataka, India, 570018 - 570018
What is the CIN number of MERITOR HVS (INDIA) LIMITED?
The CIN number of MERITOR HVS (INDIA) LIMITED is U29221KA1998PLC023383.
Smart Suggestions
- N.E. Electronics Ltd
- Arin Tractors Private Limited
- Ultiro Gas Safety Division Private Limited
- Chamuah Engineering & Machineries Private Limited
- Fiar Electricals Private Limited
- Rupohi Life Marketing Private Limited
- Crystclear Tech India Private Limited
- Sahani Power And Energy Private Limited
- Assam State Minor Irrigation Development Corporation Limited
- Mahavir Enterprises Private Limited
- Royale India Pvt Ltd
- Galaxy Scales & Systems Private Limited
- Pheros & Co (Assam) Pvt Ltd
- Aie Concrete Private Limited
- Eastern Mechnotech Engineering Services Private Limited
- Janata Machinery Stores Pvt Ltd
- Lohit Mercandise Ltd
- Farm Machinery & Tractor Company India Private Limited
- Cmd Enterprise Pvt Ltd
- Aquino Commercials Pvt Ltd
- Anurag Entrade India Pvt Ltd
- Puja Vanijya Viniyog Ltd
- Umrongso Cement Ltd
- Hari Machines Limited
- Orient Electric Limited
- Alfa Transformers Limited
- Gang Engineering Private Limited
- Singh Brothers Works And Engineering Private Limited
- Brex Technology Private Limited
- Akriti Resources Private Limited
- Kelsten Power And Controls Private Limited
- U3S Engitech Private Limited
- Emerve Electronics Private Limited
- Emviot Innovations Private Limited
- Rlvt Elevator Private Limited
- Lavidas Metech Private Limited
- Ysme Electrical Industries Private Limited
- Bs Heavy Industries Private Limited
- Srikhetra Solar Private Limited
- Smruty Fire & Safety Services Private Limited
- Yenggra Manufacturers Private Limited
- Quicksafety Private Limited
- Bignest Agro Private Limited
- Mayur General Engineering Limited
- Bhagirathi Mechanical Products Limited
- Vidhatri E-Automotive Tech Private Limited
- Ultramodern Elevator's And Escalator Private Limited
- Ut Ltd
- T & I Global Ltd
- Nippon Commercial Co Ltd
- Srei Infrastructure Finance Limited
- Continental Valves Limited
- Brahmanand Himghar Limited
- Texmaco Rail & Engineering Limited
- Wires And Fabriks (Sa) Ltd
- Khaitan Paper Machines Ltd
- Ascu Arch Timber Protection Limited
- Mak Engineering Industries Limited
- Emrald Commercial Limited
- Websol Energy System Limited
- Bls Infotech Limited
- Marsons Limited
- Dhanashree Electronics Ltd
- Crystal Cable Industries Ltd
- Peterhouse Investments India Limited
- Durafon Technologies Private Limited
- Effective Enterprises Private Limited
- Riddhi Ispat (India) Private Limited
- Md Industrial Works Private Limited
- Anmraj Trade Company Private Limited
- Preyog Equipments Private Limited
- Mobius Engineering Private Limited
- Analytical Tools And Services Private Limited
- Rhombus Advanced Testing Solutions Private Limited
- Roitra Engineering Services Private Limited
- Bacs Energy Private Limited
- Volt Edge Energy Private Limited
- Touch-Tech Solutions And Services Private Limited
- Ri Mining & Construction Equipment Private Limited
- Chanan Engineering Buildwin Services Private Limited
- Shashi Innovation Private Limited
- Black Sharp Engineers Private Limited
- Conserve Engineering And Technologies Private Limited
- Raipur Hydraulics Private Limited
- Raj Geotech Engg Private Limited
- M.K. Diesels Pvt Ltd
- Vikrant Submersible Pumps Pvt Ltd
- Chhattisgarh Aqua Private Limited
- Dhabriya Polywood Limited
- Gravita India Limited
- Punsumi Foils And Components Limited
- Modern Insulators Limited
- Emgee Cables And Communications Limited
- Autopal Industries Limited
- Autolite (India) Limited
- Samtel India Ltd (Transfer From Delhi To Rajasthan)
- Shyam Telecom Limited
- Shree Tanishq Machineries Private Limited
- Roljack Asia Limited
- Volta Switchgear India Private Limited
- Laxmi Vandana Energy Safety And Saver Private Limited
- Tivoli Equipments Private Limited
- Mccoy Automation And Instrumentation Private Limited
- Erigo Enterprises Private Limited
- Arya Prime Enterprises Private Limited
- Mark & Spark Engineering Private Limited
- Diwakar Renewable & Infra Private Limited
- Tecsol Impex Private Limited
- Avanza Engineering Private Limited
- Him Teknoforge Limited
- Inox Wind Limited
- Kddl Limited
- Re- Bar Couplers India (Pvt) Limited
- Cedrus Biosciences Limited
- Rishabh Ispat Limited
- G.S. Mountain Movers Private Limited
- Acr Instruments And Valves Private Limited
- High Activity Private Limited
- Gvnr Electro-Tech Private Limited
- Anand Aircon Private Limited
- Lifeline Firesafety Private Limited
- Gayson Rolling Mills Pvt Ltd
- Himenviro Environmental Engineering Co. Private Limited
- Mantech Manufacturing Co. Private Limited
- Evoco Agro Private Limited
- Globe Precision Industries Pvt Ltd
- Standard Tractors Limited
- Phulsons Pumps Private Limited
- A Power Himalayas Limited
- Greenchef Manufacturers & Distributors Private Limited
- Tesna Tech Private Limited
- Triveni Turbine Limited
- Leel Electricals Limited
- Fedders Electric And Engineering Limited
- Sab Electronics Devices Limited
- Tentiwala Metal Products Limited
- Electra (Jaipur) Limited
- Linaks Micro Electronics Limited
- Dixon Technologies (India) Limited
- Consolidated Finvest & Holdings Limited
- Zakacoustics Private Limited
- Mensitron Safety Instruments Private Limited
- Interflex Gravure Private Limited
- Sanjay Technomech Private Limited
- H.A.R.S Hitech Engineers (Opc) Private Limited
- Vinpat Machinery (Opc) Private Limited
- Kop Machinery Private Limited
- Oba Digital Automation Private Limited
- Attempt Engineering Solutions Private Limited
- Twinvolt Aircool India Private Limited
- Bimal Water Solutions Private Limited
- Arcee Industries Limited
- Bharat Gears Limited
- Talbros Automotive Components Limited
- Scan Projects Limited
- Omax Autos Limited
- Eon Electric Limited
- Surya Roshni Limited
- Jagan Lamps Limited
- Ist Limited
- Alcon Auto Private Limited
- Osaw Industrial Products Private Limited
- Nidec India Private Limited
- Innotronics Technologies Private Limited
- Tomita India Private Limited
- Tanu Engineering Products Private Limited
- Varun Component Private Limited
- Svelton Energy Private Limited
- Alphazone Engineering Private Limited
- Tech-Machinery And More Private Limited
- Nodal Engineering Private Limited
- Snowtree Advance Engineering (Opc) Private Limited
- Prestigious Technologies Private Limited
- Agribazar Private Limited
- Sukhsolar Engineers Private Limited
- Shahbroz Manufacturing Private Limited
- Amtrex Equipments Private Limited
- Prabhat Hitech Equipments Private Limited
- Valley Minerals & Chemicals J&K Private Limited
- Naqshbandi And Company Equipments Private Limited
- Boom Systems Renewable Energy Private Limited
- H2A Aqua Solution Private Limited
- Mukesh Bhargav Industries Private Limited
- Orionvalley Solar Private Limited
- Supermotors Ev Private Limited
- Fabgear Engineering Private Limited
- Xcanun Science And Tech (Opc) Private Limited
- Ecoclouds Consulting Private Limited
- Preter Powcom Private Limited
- Rezeca Green Energies Private Limited
- Vital India Tractor And Appliances Private Limited
- Green Source Energies Private Limited
- Kguard Solar Electronics (Opc) Private Limited
- Cylisona Electronics And Electrical Private Limited
- Weltherm Home Appliances Private Limited
- Rafiq Innovations Private Limited
- G N A Axles Limited
- Kew Industries Limited
- Fine Agromatics Ltd
- Krishna Engineering Works Limited
- S R Industries Ltd
- Punjab Communications Limited
- Panacea Biotec Limited
- Jagdambay Furnaces Private Limited
- Moxie Engineering Private Limited
- Senior Machinery India Private Limited
- J.P. Mega Machines Private Limited
- Bentex Industrials Private Limited
- Solsys Engineering (India) Private Limited
- Spi Mouldings Private Limited
- Omega Valves Private Limited
- Malkit Agrotech Private Limited
- Hind Fittings And Forgings Private Limited
- Shri Krishna Techniques Private Limited
- Bijli Foundry Private Limited
- Mastercraft Technology Private Limited
- Vridhi Exports Private Limited
- Rajasthani Filters Private Limited
- Landtrac Tractors Private Limited
- Top 10 Advertising Agencies in India
- 10 Reasons Behind the Slowdown in Real Estate Sector in India
- Top 10 Automobile Companies in India
- Top 10 Logistics Companies in India
- Top 10 SEO Companies in India
- Top 10 Finance Companies in India
- Top 10 Digital Marketing Companies in India
- Top 10 Chemical Companies in India
- Top 10 Real Estate Companies in India
- Top 10 Telecom Companies in India
- Financial Terms
- Business Documents
- Company Financial Reports
- Efficiency Ratio
- Balance Sheet
- Debt to Equity Ratio
- Liquidity Ratio
- Profit and Loss
- Profitability Ratio
- Ratio Analysis
- Solvency Ratio
- EBITDA
- Quick Ratio
- Capital Structure
- Networth
- Current Ratio
- Interest Coverage Ratio
- Assets
- Accounts Payable
- Liabilities
- Revenue
- Memorandum of Association
- Articles of Association
Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all
people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR
UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any,
listed on
this page belong to...
Read
More
