About Pro Minerals
Pro Minerals is an Industrial Goods & Manufacturing company based in Kolkata (India) founded in 2010, and was acquired by Essel Mining & Industries in April 2019. It operates as an iron ore pelletisation services are provided in the minerals sector. The company has 131 employees. Its Indian entity Pro Minerals Private Limited reported revenue of ₹64.33 Cr. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
Pro Minerals was established in 2010 and is headquartered in Kolkata, India. Operations are centered on the minerals industry, where iron ore pelletisation services are delivered to support downstream processing needs. The company handles the conversion of iron ore fines into uniform pellets, facilitating efficient use in steel production and related sectors. Activities are conducted primarily within India, with a focus on technical expertise in beneficiation and agglomeration processes.
- Headquarters Kolkata, India
- Employees 131
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website prominerals.in
- Acquired by Essel Mining & Industries (Apr 2019)
- Legal Name Pro Minerals Private Limited
- Date of Incorporation 21 Sep, 2010
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹64.33 Cr
FY 2021 · +5488% YoY
- Net Loss-₹53.26 Cr
FY 2021 · -83% margin
- EBITDA-₹5.64 Cr
FY 2021 · -9% margin
- Investors
- Employee Count131
- Acquired byEssel Mining & Industries
(Apr 2019)
Associated legal entities of Pro Minerals
Pro Minerals operates through Pro Minerals Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pro Minerals Private Limited CIN U13100WB2010PTC153241 | Amalgamated | 21 Sep 2010 | Kolkata, West Bengal | ₹64.3 Cr | 131 | 5 | View details |
Investors in Pro Minerals
Pro Minerals has secured backing from 1 investor. Prominent investors backing the company include Essel Mining & Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Iron ore mining company | 1950 | esselmining.com | Mumbai, India |
Investor details for Pro Minerals
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Board of directors of Pro Minerals Private Limited (Pro Minerals)
Pro Minerals Private Limited is the primary company behind Pro Minerals. The board of Pro Minerals Private Limited currently have 3 directors; the longest-serving is Sanjay Kumar Baid, appointed in 2019. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kumar Baid DIN 03193468 | Director | 08 Mar 2019 | 7 yrs 7 mo | Pro Minerals Private Limited |
| Tuhin Kumar Mukherjee DIN 01163569 | Director | 08 Mar 2019 | 7 yrs 7 mo | Pro Minerals Private Limited |
| Arun Garg DIN 06640576 | Director | 08 Mar 2019 | 7 yrs 7 mo | Pro Minerals Private Limited |
Financials of Pro Minerals
Figures of Pro Minerals Private Limited, the primary company behind Pro Minerals, for FY 2021. Revenue was ₹64.33 Cr (+5488% year on year). Net loss was -₹53.26 Cr (-83% margin). EBITDA was -₹5.64 Cr (-9% margin). Revenue has grown at a compounded annual rate of +314% over three years and +27% over five years.
- ₹64.33 CrRevenue · FY 2021 · +5488% YoY
- -₹53.26 CrNet loss · -83% margin
- -₹5.64 CrEBITDA · -9% margin
- ₹27.90 CrPaid-up capital
- 131Employees (provident fund records)
- +314%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pro Minerals Private Limited are on its company page.
Detailed financial statements for Pro Minerals
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Timeline of Pro Minerals
2 dated milestones of Pro Minerals across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Pro Minerals is founded.
- Exit Acquired by Essel Mining & Industries.
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Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | – | USD 114.37 M | 618 | |
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Smart hardware and vehicle electronics are manufactured on contract. | 2005 | Pudong, Shanghai, China | USD 431.15 M | USD 24.45 B | 1,982 | |
Clas Ohlson was founded in 1918 in Insjön, Sweden. | 1918 | Insjon, Dalarna, Sweden | – | USD 1.35 B | – | |
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Frequently Asked Questions about Pro Minerals
Pro Minerals was founded in 2010.
Pro Minerals is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Pro Minerals has 131 employees.
The primary company behind Pro Minerals, Pro Minerals Private Limited, reported revenue of ₹64.33 Cr for FY 2021, up 5488% year on year.
Pro Minerals was established in 2010 and is headquartered in Kolkata, India. Operations are centered on the minerals industry, where iron ore pelletisation services are delivered to support downstream processing needs. The company handles the conversion of iron ore fines into uniform pellets, facilitating efficient use in steel production and related sectors. Activities are conducted primarily within India, with a focus on technical expertise in beneficiation and agglomeration processes.
Pro Minerals has 1 investor. Key investors include Essel Mining & Industries.
Pro Minerals operates through Pro Minerals Private Limited.
Yes. Pro Minerals was acquired by Essel Mining & Industries in April 2019.
The legal entities of Pro Minerals currently have 5 directors, including Sanjay Kumar Baid, Sharad Bajaj, Uday Shankar Saha and others.