Prayas Engineering Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 0.21 K
- Company Age 61 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.00 Cr
- Satisfied Charges ₹ 1,148.79 Cr
- Revenue Growth 31.73%
- Profit Growth 55.20%
- Ebitda 68.36%
- Net Worth 22.49%
- Total Assets -11.10%
About Prayas Engineering
Prayas Engineering Limited (PEL) was founded in India on 25 July 1963 and has a glorious history of 61 years and six months. Its registered office is in Anand, Gujarat, India.
The Corporate was formerly known as Prayas Castings Private Limited. The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 0.21 K .
The company currently has active open charges totaling ₹17.00 Cr. The company has closed loans amounting to ₹1,148.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Prayas Engineering Limited India is Jaymin Bhatt as COMPANY SECRETARY. Prayasvin Patel, Dineshbhai Patel, Ravin Shah, and One other member serve as directors at the Company.
Company Details
- Location
Anand, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U27310GJ1963PLC001222
- Company No.
001222
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
25 Jul 1963
- Date of AGM
26 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Prayas Engineering Limited offer?
Prayas Engineering Limited offers a wide range of products and services, including Carts, Dollies & Trolleys, Trolley Truck, Conveyor Systems & Components, Conveyor Feeders, Process Control Systems & Equipments, Weighing Controller, Bar, Neodymium & Permanent Magnets, Magnetic Separators.
Who are the key members and board of directors at Prayas Engineering?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jaymin Bhatt | Company Secretary | 02-Aug-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prayasvin Patel  | Director | 25-Jun-1976 | Current |
Dineshbhai Patel  | Director | 23-Mar-2017 | Current |
| Ravin Shah | Director | 07-Dec-2020 | Current |
| Aishwarya Patel | Whole-Time Director | 23-Oct-2019 | Current |
Financial Performance of Prayas Engineering.
Prayas Engineering Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 31.73% increase. The company also saw a substantial improvement in profitability, with a 55.2% increase in profit. The company's net worth Soared by an impressive increase of 22.49%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Prayas Engineering?
In 2023, Prayas Engineering had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vijay M. Mistry Construction Private LimitedPrayasvin Patel and Ravin Shah are mutual person
Tech Elecon Private LimitedPrayasvin Patel and Ravin Shah are mutual person
Modsonic Instruments Manufacturing Company Private LimitedPrayasvin Patel is a mutual person
Emtici Engineering LimitedPrayasvin Patel, Ravin Shah and 1 more are mutual person
Elecon Information Technology LimitedPrayasvin Patel and Ravin Shah are mutual person
Elecon Hydraulics Private LimitedPrayasvin Patel and Ravin Shah are mutual person
Charges (Loans)
₹17.00 Cr
₹1,148.79 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 17.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2016 | Axis Bank Limited | ₹17.00 Cr | Open |
| 17 Jun 2021 | Idbi Bank Limited | ₹1.96 Cr | Satisfied |
| 14 Feb 2018 | Others | ₹25.00 Cr | Satisfied |
| 02 Mar 2015 | Sbicap Trustee Company Limited | ₹964.50 Cr | Satisfied |
| 02 Dec 2011 | Indusind Bank Limited | ₹15.00 Cr | Satisfied |
How Many Employees Work at Prayas Engineering?
Unlock and access historical data on people associated with Prayas Engineering, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Prayas Engineering, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Prayas Engineering's trajectory.
Rating
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Alerts
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