Prayas Engineering Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 0.21 K
- Company Age 61 Year, 7 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 seven 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
Machinery and Equipment
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
- Ratios
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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)
Open Charges
₹17.00 Cr
Satisfied Charges
₹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
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.
Latest Updates, News, and FAQs on Prayas Engineering
Recent activity within the organization
- Annual General Meeting
Prayas Engineering Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.
- Director Appointment
Jaymin Jayprakash Bhatt was appointed as a Company Secretary was appointed as a Company Secretary on 02 Aug 2024 & has been associated with this company since 7 months 1 day .
- Balance Sheet
Prayas Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge registered on 17 Jun 2021 via Charge ID 100450754 with Idbi Bank Limited was fully satisfied on 27 Feb 2024.
- Charges
A charge registered on 02 Mar 2015 via Charge ID 10554753 with Sbicap Trustee Company Limited was fully satisfied on 25 Jan 2024.
- Charges
A charge with Axis Bank Limited of Rs. 17.00 Cr registered on 21 Mar 2016 with Charge ID 100017956 was modified on 21 Jan 2023.
Frequently asked questions
What is the Incorporation or founding date of Prayas Engineering Limited?
Prayas Engineering Limited was incorporated on 25 Jul 1963.
What is authorized share capital and paid-up capital of Prayas Engineering Limited?
The authorized share capital of Prayas Engineering Limited is ₹ 2.00 Cr and paid-up capital is ₹ 0.21 K .
Who are the current board members & directors of Prayas Engineering Limited?
Currently 5 directors are associated with Prayas Engineering Limited.
- Prayasvin Patel
- Dineshbhai Manubhai Patel
- Ravin Ramanlal Shah
- Aishwarya Prayasvin Patel
- Jaymin Jayprakash Bhatt
What is the registered address of Prayas Engineering Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prayas Engineering Limited is Annad -Sojitra Road Vallabh Vidyanagar India, Anand, Gujarat, 388120.
What is the corporate identification number (CIN) and company number of Prayas Engineering Limited?
The corporate identification number (CIN) of Prayas Engineering Limited is U27310GJ1963PLC001222 and the company number is 001222 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prayas Engineering Limited?
The Official website of Prayas Engineering Limited is https://www.prayasengineering.com
What has been the recent revenue trend for Prayas Engineering Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Prayas Engineering Limited has risen by 31.73%.
What change has been observed in the net worth of Prayas Engineering Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Prayas Engineering Limited has experienced an upsurge of 22.49%.
What are the total open charges for Prayas Engineering Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Prayas Engineering Limited amount to ₹ 17.00 Cr.
When was the last Balance Sheet of Prayas Engineering Limited filed with the ROC?
The most recent Balance Sheet for Prayas Engineering Limited was filed with the ROC on 31 Mar 2024.
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