Promac Engineering Industries Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 9.65 Cr
as on 23-10-2024
- Company Age 52 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 235.40 Cr
as on 23-10-2024
- Satisfied Charges ₹ 257.71 Cr
as on 23-10-2024
- Revenue 0.51%
(FY 2023)
- Profit 24.42%
(FY 2023)
- Ebitda 78.16%
(FY 2023)
- Net Worth 5.17%
(FY 2023)
- Total Assets -6.26%
(FY 2023)
About Promac Engineering Industries
The Corporate was formerly known as Applied Industrtal Products Private Limited. The Company is engaged in the Engineering Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 11.00 Cr and a paid-up capital of Rs 9.65 Cr.
The company currently has active open charges totaling ₹235.40 Cr. The company has closed loans amounting to ₹257.71 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Promac Engineering Industries Limited India is J Srinivasan as CFO. Shashank Govindraj, Surendra Reddy, Narayana Babu, and Three other members serve as directors at the Company.
- CIN/LLPIN
U24210KA1972PLC002255
- Company No.
002255
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Oct 1972
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Ramanagar, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Promac Engineering Industries Limited offer?
Promac Engineering Industries Limited offers a wide range of products and services, including Material Handling Machines & Systems, Fuel Handling System, Generators, Turbines & Power Plants, Power Plants & Spare Parts.
Who are the key members and board of directors at Promac Engineering Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Surendra Reddy  | Managing Director | 18-Mar-1996 | Current |
| J Srinivasan | CFO | 01-Jun-2020 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Reddy Kunal | Director | 27-Jan-2023 | Current |
| Shashank Govindraj | Whole-Time Director | 18-Mar-1996 | Current |
| Narayana Babu | Director | 16-Nov-2020 | Current |
| Vinatha Reddy | Director | 27-Aug-2015 | Current |
| Uppili Jeyaraman | Director and Cfo | 27-Jan-2023 | Current |
Financial Performance and Corporate Structure Insights of Promac Engineering Industries.
Promac Engineering Industries Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.51% increase. The company also saw a substantial improvement in profitability, with a 24.42% increase in profit. The company's net worth moved up by a moderate rise of 5.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Promac Engineering Industries?
In 2023, Promac Engineering Industries had a promoter holding of 74.37% and a public holding of 25.63%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Yunus Social Business Fund Bengaluru Private LimitedActive 8 years 6 monthsVinatha Reddy is a mutual person
Electrum Financial Services Private LimitedActive 12 years 2 monthsVinatha Reddy is a mutual person
Jsr Ventures Private LimitedActive 8 years 7 monthsSurendra Reddy and Vinatha Reddy are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 05 Jul 2024 | ₹6.82 M | Open |
Hdfc Bank Limited Creation Date: 08 Dec 2023 | ₹14.00 Cr | Open |
Hdfc Bank Limited Creation Date: 19 Nov 2022 | ₹1.00 Cr | Open |
How Many Employees Work at Promac Engineering Industries?
Promac Engineering Industries has a workforce of 228 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Promac Engineering Industries, 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 Promac Engineering Industries'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.
