About Promac Engineering Industries
Promac Engineering Industries is a company based in Bengaluru (India) founded in 1972. Promac Engineering Industries has raised $8 million across 1 funding round from investors including Tano Capital. The company has 228 employees as of April 06, 2024. Promac Engineering Industries offers products and services including EPC Cement Solutions and Bulk Material Handling Systems.
- Headquarter Bengaluru, India
- Employees 228 as on 06 Apr, 2024
- Stage Minicorn
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Email
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Phone
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Website
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Social
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- Legal Name Promac Engineering Industries Limited
- Jurisdiction Kanakapura, Karnataka, India
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Annual Revenue
$15.19 M (USD)0.01as on Mar 31, 2023
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Net Profit
$696.27 K (USD)39.36as on Mar 31, 2023
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EBITDA
$2.28 M (USD)88.02as on Mar 31, 2023
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Total Equity Funding
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Apr 24, 2007
- Investors
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Employee Count
228
as on Apr 06, 2024
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Products & Services of Promac Engineering Industries
Promac Engineering Industries offers a comprehensive portfolio of products and services, including EPC Cement Solutions and Bulk Material Handling Systems.
Turnkey solutions are provided for cement plants up to 2 million tons per annum, covering grey, white, and dual-process plants
Systems are supplied for power and mining industries, including full coal handling plants for mega projects
People of Promac Engineering Industries
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Funding Insights of Promac Engineering Industries
Promac Engineering Industries has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in April 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Promac Engineering Industries
Promac Engineering Industries has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tano Capital.
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Investments & Acquisitions by Promac Engineering Industries
Investment portfolio details for Promac Engineering Industries
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Financial Statements - Promac Engineering Industries
Detailed financials for Promac Engineering Industries
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Promac Engineering Industries Comparisons
Peer comparison for Promac Engineering Industries
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Competitors of Promac Engineering Industries
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Latest news on Promac Engineering Industries
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Frequently Asked Questions about Promac Engineering Industries
Promac Engineering Industries was founded in 1972 and raised its 1st funding round 35 years after it was founded.
Promac Engineering Industries is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Natesan Balan is the current CEO of Promac Engineering Industries.
Promac Engineering Industries is a funded company, having raised a total of $8M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at Promac Engineering Industries is 228.
Annual revenue of Promac Engineering Industries is $15.19M as on Mar 31, 2023.
Founded in 1972 and based in Bengaluru, India, turnkey engineering, procurement, and construction services are offered by Promac Engineering Industries for heavy process plants and bulk material handling systems. Design, engineering, and manufacturing are included in operations serving the cement, power, steel, and mineral processing sectors. Solutions cover cement plants, mining operations, mineral beneficiation, defense, aerospace, flue gas desulfurization, and port infrastructure, with customized contract manufacturing also provided.
Promac Engineering Industries offers EPC Cement Solutions and Bulk Material Handling Systems.
Promac Engineering Industries has 1 investor. Key investors include Tano Capital.
The valuation of Promac Engineering Industries is $37.6M as of Apr 2007.