Propel Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 7.10 M
- Company Age 15 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 118.00 Cr
- Satisfied Charges ₹ 7.12 Cr
- Revenue Growth 20.08%
- Profit Growth 98.67%
- Ebitda 108.11%
- Net Worth 34.00%
- Total Assets 6.45%
About Propel Industries
Propel Industries Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 December 2009 and has a history of 15 years and four months. Its registered office is in Coimbatore, Tamil Nadu, India.
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.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Machinery and Equipment
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.
Propel Industries Private Limited
Explore comprehensive data for Propel Industries Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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)
Sandfits Foundries Private LimitedAppanayakenpatti Varadharajan is a mutual person
Bull Machines Private LimitedHarjeet Wahan and Appanayakenpatti Varadharajan are mutual person
Propel Drive Systems LlpVaradharajan Senthilkumar and Senthilkumar Vidhya are mutual person
Charges (Loans)
Open Charges
₹118.00 Cr
Satisfied Charges
₹7.12 Cr
Charges Breakdown by Lending Institutions
- Others : 100.00 Cr
- Hdfc Bank Limited : 17.00 Cr
- Axis Bank Limited : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jun 2024 | Others | ₹100.00 Cr | Open |
| 01 Mar 2023 | Axis Bank Limited | ₹1.00 Cr | Open |
| 30 Aug 2014 | Hdfc Bank Limited | ₹17.00 Cr | Open |
| 03 Feb 2021 | Axis Bank Limited | ₹1.00 Cr | Satisfied |
| 03 Jun 2010 | State Bank Of India | ₹6.12 Cr | Satisfied |
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
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 Propel Industries
Recent activity within the organization
- Charges
A charge registered on 03 Feb 2021 via Charge ID 100417216 with Axis Bank Limited was fully satisfied on 23 Sep 2024.
- Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100947494 was registered on 28 Jun 2024.
- Annual General Meeting
Propel Industries Private Limited last Annual general meeting of members was held on 21 Sep 2023 as per latest MCA records.
- Director Appointment
Harjeet Singh Wahan was appointed as a Director was appointed as a Director on 05 Jun 2023 & has been associated with this company since 1 year 10 months .
- Balance Sheet
Propel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
- Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100720118 was registered on 01 Mar 2023.
Recent News, Updates & Announcement
Myomar Molecular Secures $1.1M for Revolutionary Muscle Health Test, Eyes US Market by 2025.Discover how Myomar Molecular's innovative device is set to revolutionize muscle health monitoring after securing $1.1M in pre-seed funding..
- Propel Industries Introduces Locally Manufactured Electric Dump Trucks At EXCON 2023.
Propel Industries: Crushing it in the EV game with new dump trucks at EXCON. #ElectricDreams #CrushingTheCompetition.
Frequently asked questions
What is the Incorporation or founding date of Propel Industries Private Limited?
Propel Industries Private Limited was incorporated on 04 Dec 2009.
What is authorized share capital and paid-up capital of Propel Industries Private Limited?
The authorized share capital of Propel Industries Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 7.10 M.
Who are the current board members & directors of Propel Industries Private Limited?
Currently 5 directors are associated with Propel Industries Private Limited.
- Harjeet Singh Wahan
- Varadharajan Senthilkumar
- Appanayakenpatti Venkataswamynaidu Varadharajan
- Senthilkumar Vidhya
- Devaraju Vengadesh
What is the registered address of Propel Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Propel Industries Private Limited is Sf No 663, Ravuthur Main Road Ravathur Post India, Coimbatore, Tamil Nadu, 641103.
What is the corporate identification number (CIN) and company number of Propel Industries Private Limited?
The corporate identification number (CIN) of Propel Industries Private Limited is U29199TZ2009PTC015651 and the company number is 015651 as per Ministry of Corporate Affairs (MCA).
What is the official website of Propel Industries Private Limited?
The Official website of Propel Industries Private Limited is https://www.propelind.com
What has been the recent revenue trend for Propel Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Propel Industries Private Limited has risen by 20.08%.
How many employees does Propel Industries Private Limited currently have?
As Per 2023 financial reports, 683 employees are currently employed by Propel Industries Private Limited.
What change has been observed in the net worth of Propel Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Propel Industries Private Limited has experienced an upsurge of 34.00%.
What are the total open charges for Propel Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Propel Industries Private Limited amount to ₹ 118.00 Cr.
When was the last Balance Sheet of Propel Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Propel Industries Private Limited was filed with the ROC on 31 Mar 2023.
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