The 5-year analysis of Hi-Tech Gears Ltd's performance infers:
We analysed the performance of Hi-Tech Gears Ltd share prices over the last 10 years. Here is what we found out:
Hi Tech Gears incorporated in 1986 is engaged in the business of manufacturing an auto component. The company is part of Hi-Tech Group that has business interest in area of robotics, artificial intelligence and machine vision technologies.
Forging- Company manufacturing unit is capable of hot, warm and cold forging and extrusion of precision components.
Company also conducts machining of various critical engines, transmission, CDRI and other machined parts. Under
Company also conducts machining of various critical engines, transmission, CDRI and other machined parts. Under machining it is capable of gear honning, gear grinding, shaving, wet and dry hobbing, deep hole drilling, automatic straightening and roll forming etc.
Company has a die shop equipped with CAM facilities for Milling, EDM etc.
1986-90- Company was incorporated and commenced production in the same year company
1991-95 Company entered into a technical tie up with Honda motors, Japan. The same year company commenced backward integration production in ForgeShop. Company entered into technical partnership with GETRAG. In the same period company installed hi-end engineering software.
1996-2000-Company received ISO-9002 certification. Company started engineering software divisionâ€“Hi-Tech e Soft. In order to set up export oriented unit company entered into a JV with GETRAG.
2001-2005 Company launched an initiative of lean manufacturing. It also set up a manufacturing facility at Manesar. In collaboration with GETRAG, company launched an international purchase office in India.
2006- New plant was set up at west and south India. Company expanded its robotic and engineering division.
Hi-Tech Gears plans to strengthen its in-house designing facilities, introduce processes for improvement of quality and quantity of the products and focus on widening it product presence in the domestic and international markets.