Ahmedabad based Hilltone Software and Gases debut on BSE
Ahmedabad (Gujarat), December 28, 2024: Equity shares of Gujarat based Hilltone Software and Gases Ltd (BSE – 544308) engaged in the business of diverse range of medical and industrial gases, software solutions and sustainable energy got listed on the Bombay Stock Exchange on 27th December 2024.
The shares of the company are listed and admitted to dealings on the main board of Bombay Stock Exchange in the list of ”XT” Group Securities. Company share capital consists of 1,09,30,800 Equity shares of Face Value of Rs.10 each fully paid-up.
Established in 1993, Hilltone Software and Gases Ltd is a leading players in Manufacturing and Supply of Industrial and Medical Gases including Nitrous Oxide – Bulk ‘A’ Type, Oxygen/ Nitrogen/ Co2/ D.A, Helium etc. Company has its plant at Santej near Ahmedabad, Gujarat using the latest technology and process to obtain the best quality Medical Oxygen and complete in-house analytical set to control our process at all stages. Company supply Medical Gases to many reputed Hospitals and medical institutions like S.A.L hospital and medical institute, Krishna Heart Institute and many more.
Mr. Niket Shah, Managing Director, Hilltone Software and Gases Ltd, said, “We are very happy and excited to get listed on the Bombay Stock Exchange. Our goal is to be the leading provider of innovative, affordable green energy and energy efficiency solutions. We are confident that post listed on BSE, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders.”
Mr. Hital Shah, Executive Director, Hilltone Software and Gases Ltd, said, Hilltone Software & Gases Ltd, in addition to its core business of industrial and medical gases also developed a division specializing in software integration, consulting, and licensing. Company is also initiated plans to establish a manufacturing facility dedicated to producing energy-saving devices. Company has strategic plans to enter the eco-solutions sector, with a focus on solar energy production. This strategic move underscores our dedication to sustainable practices and innovative energy solutions.
According to “India Industrial Gases Market” the India industrial gases market was valued at US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US $ 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032. The rising utilization of industrial gases across various industries, such as steel manufacturing, pharmaceuticals, healthcare, etc., as they aid in optimizing processes, improving efficiency, streamlining operations, reducing costs, and increasing overall productivity, is primarily driving the India industrial gases market. For the FY2023-24, company reported Net Profit of Rs. 50 lakh and revenue from operations of Rs. 7.32 crore.
