Propel Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 07-11-2024
- Paid Up Capital ₹ 7.10 M
as on 07-11-2024
- Company Age 15 Year, 19 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 118.00 Cr
as on 07-11-2024
- Satisfied Charges ₹ 7.12 Cr
as on 07-11-2024
- Revenue 20.08%
(FY 2023)
- Profit 98.67%
(FY 2023)
- Ebitda 108.11%
(FY 2023)
- Net Worth 34.00%
(FY 2023)
- Total Assets 6.45%
(FY 2023)
About Propel Industries
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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 7.10 M.
The company currently has active open charges totaling ₹118.00 Cr. The company has closed loans amounting to ₹7.12 Cr, as per Ministry of Corporate Affairs (MCA) records.
Harjeet Wahan, Varadharajan Senthilkumar, Appanayakenpatti Varadharajan, and Two other members serve as directors at the Company.
- CIN/LLPIN
U29199TZ2009PTC015651
- Company No.
015651
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Dec 2009
- Date of AGM
21 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Propel Industries Private Limited offer?
Propel Industries Private Limited offers a wide range of products and services, including Paver Machine, Road Paver Finisher, Material Handling Machines & Systems, Vibratory Feeders, Building & Construction Machines, Crushing Machines & Plants, Separators, Strainers & Purifiers, Separating Machine, Vibrating Screens, Cone Crusher.
Who are the key members and board of directors at Propel Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Varadharajan Senthilkumar  | Managing Director | 04-Dec-2009 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Harjeet Wahan | Director | 05-Jun-2023 | Current |
| Appanayakenpatti Varadharajan | Director | 04-Dec-2009 | Current |
| Senthilkumar Vidhya | Director | 05-Dec-2017 | Current |
| Devaraju Vengadesh | Director | 01-Oct-2022 | Current |
Financial Performance of Propel Industries.
Propel Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.08% increase. The company also saw a substantial improvement in profitability, with a 98.67% increase in profit. The company's net worth Soared by an impressive increase of 34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Propel Industries?
In 2023, Propel Industries 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)
Oriental Plants And Equipments Private LimitedActive 32 years 11 monthsVaradharajan Senthilkumar, Appanayakenpatti Varadharajan and 1 more are mutual person
Durarock Products Private LimitedActive 7 years 5 monthsVaradharajan Senthilkumar, Senthilkumar Vidhya and 1 more are mutual person
Sandfits Foundries Private LimitedActive 31 years 2 monthsAppanayakenpatti Varadharajan is a mutual person
Bull Machines Private LimitedActive 36 years 20 daysHarjeet Wahan and Appanayakenpatti Varadharajan are mutual person
Propel Drive Systems LlpActive 5 years 2 monthsVaradharajan Senthilkumar and Senthilkumar Vidhya are mutual person
- Abhi Spins India Private LimitedActive 34 years 11 days
Varadharajan Senthilkumar, Appanayakenpatti Varadharajan and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 28 Jun 2024 | ₹100.00 Cr | Open |
Axis Bank Limited Creation Date: 01 Mar 2023 | ₹1.00 Cr | Open |
Hdfc Bank Limited Creation Date: 30 Aug 2014 | ₹17.00 Cr | Open |
How Many Employees Work at Propel Industries?
Propel Industries has a workforce of 683 employees as of Nov 07, 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 Propel 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 Propel 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
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