Prayag Capitals India Limited
About Prayag Capitals India Limited
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Prayag Capitals India Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the financial and credit leasing segment of the financial services sector. It was incorporated on 18 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65921GJ1996PLC147761.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.4 Cr. It is led by directors including Dakshesh Rameshchandra Shah and Mehulkumar Harshadbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4th Floor Veer (Dev) House Off Judges Bunglow Road, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.17 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 60.3%) and EBITDA of ₹2.85 Cr (EBITDA margin 90%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years and 60% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Prayag Capitals India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65921GJ1996PLC147761, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921GJ1996PLC147761 | Current |
| U65921UP1996PLC019362 | Previous |
| L65921UP1996PLC019362 | Previous |
Contact details
Prayag Capitals India Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address4th Floor Veer (Dev) House Off Judges Bunglow Road, Ahmedabad, Gujarat, India – 380054
- IndustryFinancial Services, Financial & Credit Leasing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Prayag Capitals India is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Prayag Capitals India Limited, buy the company report.
Financials of Prayag Capitals India Limited
FY 2024 filings availablePrayag Capitals India Limited reported revenue of ₹3.17 Cr (up 359% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 359% growth in the latest year. EBITDA rose 687% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.85 Cr | ||||
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| Net Profit (PAT) | ₹1.91 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 90% | ||||
| Net Profit Margin | 60.3% | ||||
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To see the full financial statements and ratios of Prayag Capitals India Limited, buy the company report.
Board of directors of Prayag Capitals India Limited
Prayag Capitals India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dakshesh Rameshchandra Shah Also directs: Shukra Wellness LLP, Esperic Solution LLP, Sarva Mangal Advisory and Management LLP and 5 more | Director | 05 Oct 2012 | 14 Years 0 Months | Current |
| Mehulkumar Harshadbhai Patel Also directs: Qureka Barters LLP | Director | 14 Jun 2019 | 7 Years 4 Months | Current |
| Ashoksing Munnysing Bhadoriya | Director | 15 Jun 2019 | 7 Years 4 Months | Current |
Legal cases
No court or tribunal cases involving Prayag Capitals India Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prayag Capitals India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prayag Capitals India Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prayag Capitals India Limited has 10 board changes on record since 2012: 3 appointments and 7 cessations. The latest: Mehulkumar Harshadbhai Patel ceased to be Additional Director on 21 Sep 2019.
1 earlier event is in the company report.
Frequently asked questions
Prayag Capitals India is an active public limited company based in Ahmedabad, Gujarat, India. The company works in financial and credit leasing, within the financial services industry. It was incorporated on 18 January 1996 (30+ years old) and is registered under CIN U65921GJ1996PLC147761.
Prayag Capitals India has 3 current directors:
- Dakshesh Rameshchandra Shah - Director
- Mehulkumar Harshadbhai Patel - Director
- Ashoksing Munnysing Bhadoriya - Director
The latest financial statements of Prayag Capitals India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prayag Capitals India is U65921GJ1996PLC147761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayag Capitals India was incorporated on 18 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mehulkumar Harshadbhai Patel ceased to be Additional Director on 21 Sep 2019. Ashoksing Munnysing Bhadoriya was appointed as Director on 15 Jun 2019. Hardik Kishorkumar Shah ceased to be Director on 15 Jun 2019. Prayag Capitals India has 10 board changes on record in total.
The registered office of Prayag Capitals India is at 4th Floor Veer Dev House Off Judges Bunglow Road, Ahmedabad, Gujarat, India – 380054.
Prayag Capitals India operates in the financial services industry, in the financial and credit leasing segment.
The compliance status of Prayag Capitals India is compliant as of 08 August 2026. The company is actively filing with the Registrar of Companies.
Prayag Capitals India can be reached at its registered office: 4th Floor Veer Dev House Off Judges Bunglow Road, Ahmedabad, Gujarat, India – 380054.