What HiLiks Technologies does

HiLiks Technologies Ltd. is an Indian public company (BSE: 539697), headquartered in Mumbai, that provides railway signalling and telecommunication infrastructure services. The company specializes in implementing Kavach, India's indigenous automatic train protection and collision avoidance system mandated by Indian Railways, as a subcontractor on track doubling and signalling modernization projects. Its core deliverables include installation of railway signalling systems, telecommunication backbone, and Kavach safety architecture for government-owned railway corridors.

The company's business model is project-based, operating primarily as a subcontractor to primary construction contractors and directly to government railway authorities. It secured a Rs 95.51 crore subcontract from KMC Constructions in June 2026 for signalling and telecommunication works on the Akanapet Junction to Medchal corridor under South Central Railway, with a 24-month execution timeline. Revenue is recognized on a one-time project basis against milestones, with cumulative pending order book reaching Rs 165 crore. In July 2026, the company strengthened its balance sheet through a Rs 24.84 crore preferential allotment to non-promoter investors to support working capital for the expanded order book. The company serves a narrow customer base in the government railway infrastructure segment, with FY26 full-year sales of Rs 29.59 crore and Q4 FY26 sales of Rs 15.94 crore, representing 677.56% YoY growth driven by this contract momentum.

Name

HiLiks Technologies

Legal name

Hiliks Technologies Ltd.

Website

https://hiliks.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

HiLiks Technologies is an Indian railway infrastructure services company that implements signalling, telecommunication systems, and the Kavach train collision avoidance system for government railway track doubling projects as a subcontractor.

Ownership category

akta.pro rank

Product category

Railway Infrastructure Services

NAICS

Support Activities for Rail Transportation (4882), Support Activities for Rail Transportation (488210)

SIC

Railroad Equipment (3743), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Rail Signaling & Train Control Infrastructure (Interlockings, ETCS/CBTC Wayside) (TLAJADAB)

akta.pro secondary industry

Signaling, Train Control & Communications Construction (CBTC, Interlockings, SCADA) (IMAFAFAC)

Keywords

• Railway signalling services
• Train collision avoidance
• Telecommunication infrastructure
• Railway track doubling
• Safety system implementation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Railway Infrastructure Projects: Revenue generated from railway signalling and telecommunication subcontracts. The company operates as a subcontractor for large infrastructure projects, with Q4 FY26 sales of Rs 15.94 crore representing 677.56% YoY growth.

Go-to-market motion1 record

Distribution channels1 record

Core offering

HiLiks Technologies provides railway signalling and telecommunication implementation services for Indian railway infrastructure projects, specializing in the deployment of Kavach, India's indigenous train collision avoidance system. The company operates primarily as a subcontractor executing signalling and telecommunication works for track doubling projects under government railway authorities and primary construction contractors.

Product overview

HiLiks Technologies is a railway infrastructure services company that operates as a technology and construction services provider. The company specializes in railway signalling and telecommunication works, with a core focus on implementing Kavach (India's indigenous train collision avoidance system) for track doubling projects. The company has been awarded subcontracts for railway projects including the Akanapet Junction to Medchal station corridor in Telangana.

Differentiator

Problem solved

Functional benefit

Products and services

• Railway Signalling and Telecommunication Services

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• KMC ConstructionscoreImplementation/ SI/ Consulting Partner · 19 June 2026KMC Constructions awarded Hiliks Technologies a Rs 95.51 crore subcontract for signalling and telecommunication works on a railway track doubling project between Akanapet Junction and Medchal stations in Telangana. The 24-month project includes Kavach implementation under South Central Railway. This partnership significantly expanded Hiliks' pending order book to Rs 165 crore.

Scale indicators5 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Quadrant Future Tek: Indian railway signalling and Kavach implementation company with similar small-cap profile and focus on indigenous train protection systems. Comparable as a peer Kavach execution services provider.
• HBL Power Systems: Indian manufacturer of railway signalling batteries, electronic systems, and safety equipment for Indian Railways. Comparable as a domestic supplier of railway signalling and safety infrastructure components.
• Kernex Microsystems (India): Indian railway safety systems company that has been one of the most prominent early implementers of the Kavach train collision avoidance system. Closest comparable to HiLiks in terms of Kavach-focused specialization and Indian Railways exposure.

Broad incumbents

• Texmaco Rail & Engineering: Indian rail infrastructure company with diversified exposure to rolling stock, track, and signalling-adjacent works. Comparable as a domestic rail services peer with broader scope than HiLiks' pure signalling focus.
• Alstom India: Global rolling stock and rail signalling major with substantial Kavach and signalling presence in India post-Bombardier acquisition. Comparable as a multinational incumbent offering overlapping signalling and train control capabilities.
• Siemens India: Subsidiary of Siemens AG providing rail signalling, electrification, and train control systems across India, including global ETCS/CBTC offerings. Competes in the same signalling infrastructure market but at significantly larger scale and broader portfolio.
• Bharat Electronics (BEL): Large public-sector Indian defence and electronics PSU with a significant Kavach implementation portfolio. Competes with HiLiks on the same signalling projects but as a much larger incumbent with diversified defence and electronics revenue.
• Hitachi Rail (India operations): Global rail signalling and train control provider with active Indian operations through legacy Ansaldo STS. Comparable as a multinational signalling incumbent competing for Indian Railways tenders including Kavach deployment.

Others

• KMC Constructions: Indian civil construction firm and HiLiks' current primary contractor on the Akanapet–Medchal signalling subcontract. Not a direct competitor but a key counterpart whose pipeline and subcontracting decisions directly affect HiLiks' order book.
• RailTel Corporation of India: Public-sector Indian Railways PSU providing telecom and ICT infrastructure across the rail network. Related as a potential partner or supplier in the railway telecom layer adjacent to HiLiks' signalling-telecom scope.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HiLiks Technologies