Prayas Engineering Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 0.21 K
as on 23-10-2024
- Company Age 61 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.00 Cr
as on 23-10-2024
- Satisfied Charges ₹ 1,148.79 Cr
as on 23-10-2024
- Revenue 31.73%
(FY 2024)
- Profit 55.20%
(FY 2024)
- Ebitda 68.36%
(FY 2024)
- Net Worth 22.49%
(FY 2024)
- Total Assets -11.10%
(FY 2024)
About Prayas Engineering
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.
- 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
Company Details
- Location
Anand, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
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 and Corporate Structure Insights 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
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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 LimitedActive 36 years 4 monthsPrayasvin Patel and Ravin Shah are mutual person
Tech Elecon Private LimitedActive 12 years 6 monthsPrayasvin Patel and Ravin Shah are mutual person
Modsonic Instruments Manufacturing Company Private LimitedActive 45 years 8 daysPrayasvin Patel is a mutual person
Emtici Engineering LimitedActive 68 years 9 monthsPrayasvin Patel, Ravin Shah and 1 more are mutual person
Elecon Information Technology LimitedActive 40 years 5 monthsPrayasvin Patel and Ravin Shah are mutual person
Elecon Hydraulics Private LimitedActive 19 years 6 monthsPrayasvin Patel and Ravin Shah are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 21 Mar 2016 | ₹17.00 Cr | Open |
Idbi Bank Limited Creation Date: 17 Jun 2021 | ₹1.96 Cr | Satisfied |
Others Creation Date: 14 Feb 2018 | ₹25.00 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
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
_PRIVATE_LIMITED.webp){kind=small}
