Promac Engineering Industries Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 9.65 Cr
- Company Age 52 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 235.40 Cr
- Satisfied Charges ₹ 257.71 Cr
- Revenue Growth 0.51%
- Profit Growth 24.42%
- Ebitda 78.16%
- Net Worth 5.17%
- Total Assets -6.26%
About Promac Engineering Industries
Promac Engineering Industries Limited (PEIL) was founded in India on 18 October 1972 and has a glorious history of 52 years and six months. Its registered office is in Ramanagar, Karnataka, India.
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.
Company Details
- Location
Ramanagar, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Engineering
Machinery and Equipment
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.
Promac Engineering Industries Limited
Explore comprehensive data for Promac Engineering Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 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.
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Lamina Foundries LimitedSurendra Reddy is a mutual person
Yunus Social Business Fund Bengaluru Private LimitedVinatha Reddy is a mutual person
Electrum Financial Services Private LimitedVinatha Reddy is a mutual person
Jsr Ventures Private LimitedSurendra Reddy and Vinatha Reddy are mutual person
Charges (Loans)
Open Charges
₹235.40 Cr
Satisfied Charges
₹257.71 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 86.50 Cr
- Hdfc Bank Limited : 76.88 Cr
- Canara Bank : 71.90 Cr
- Axis Bank Limited : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2024 | Hdfc Bank Limited | ₹6.82 M | Open |
| 08 Dec 2023 | Hdfc Bank Limited | ₹14.00 Cr | Open |
| 19 Nov 2022 | Hdfc Bank Limited | ₹1.00 Cr | Open |
| 23 Nov 2021 | Hdfc Bank Limited | ₹61.20 Cr | Open |
| 11 Jul 2016 | Axis Bank Limited | ₹1.17 M | 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.
Latest Updates, News, and FAQs on Promac Engineering Industries
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.68 Cr with Charge ID 100953594 was registered on 05 Jul 2024.
- Charges
A charge with Canara Bank of Rs. 71.90 Cr registered on 20 Mar 2008 with Charge ID 10099049 was modified on 20 May 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.00 Cr with Charge ID 100848669 was registered on 08 Dec 2023.
- Annual General Meeting
Promac Engineering Industries Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Promac Engineering Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Director Appointment
Uppili Srinivasan Jeyaraman was appointed as a Director was appointed as a Director on 27 Jan 2023 & has been associated with this company since 2 years 3 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Promac Engineering Industries Limited?
Promac Engineering Industries Limited was incorporated on 18 Oct 1972.
What is authorized share capital and paid-up capital of Promac Engineering Industries Limited?
The authorized share capital of Promac Engineering Industries Limited is ₹ 11.00 Cr and paid-up capital is ₹ 9.65 Cr.
Who are the current board members & directors of Promac Engineering Industries Limited?
Currently 7 directors are associated with Promac Engineering Industries Limited.
- Shashank Govindraj
- Surendra Jayaram Reddy
- Narayana Venkataram Babu
- Vinatha Madhusudan Reddy
- Uppili Srinivasan Jeyaraman
- Reddy Kunal
- J U Srinivasan
What is the registered address of Promac Engineering Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Promac Engineering Industries Limited is Plot No.306 307 308 309 Part And 311 1 Kiadb Industrial Area, Harohalli 2Nd Phase India, Kanakapura, Karnataka, 562112.
What is the corporate identification number (CIN) and company number of Promac Engineering Industries Limited?
The corporate identification number (CIN) of Promac Engineering Industries Limited is U24210KA1972PLC002255 and the company number is 002255 as per Ministry of Corporate Affairs (MCA).
What is the official website of Promac Engineering Industries Limited?
The Official website of Promac Engineering Industries Limited is https://www.promacindia.com
What has been the recent revenue trend for Promac Engineering Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Promac Engineering Industries Limited has risen by 0.51%.
How many employees does Promac Engineering Industries Limited currently have?
As Per 2023 financial reports, 228 employees are currently employed by Promac Engineering Industries Limited.
What change has been observed in the net worth of Promac Engineering Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Promac Engineering Industries Limited has experienced an upsurge of 5.17%.
What are the total open charges for Promac Engineering Industries Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Promac Engineering Industries Limited amount to ₹ 235.40 Cr.
When was the last Balance Sheet of Promac Engineering Industries Limited filed with the ROC?
The most recent Balance Sheet for Promac Engineering Industries Limited was filed with the ROC on 31 Mar 2023.
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