About Propel Metaltech
Propel Metaltech was a Consumer company based in Pantnagar (India) founded in 2010. It produces chainwheels and cranksets for bicycles and e-bikes with innovative designs. It operates on a B2B model in Consumer and Technology sectors. The company has 137 employees. Its Indian entity Amar Wheels Pvt Ltd reported revenue of ₹33.91 Cr. The company is recorded as dissolved. Propel Metaltech offers products and services including Ergo-Sys Chainrings, Short Length Alloy Cranks, and Chainwheels and Cranksets. Its focus areas include Sports and Outdoors, Bicycles, Components and Manufacturing. Its competitors include Cummins, Valeo, UNO Minda, Schaeffler and Faurecia and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
Amar Wheels Pvt. Ltd. specializes in manufacturing high-quality chainwheels and cranksets for bicycles and e-bikes, including innovative Ergo-Sys chainrings for better retention and noiseless performance. Based in Ludhiana, India, the company offers customized designs, laser-marked branding, and accessories, focusing on intellectual property protection. They serve global markets through direct and business channels, emphasizing durability and advanced engineering in their products.
- Headquarters Pantnagar, India
- Employees 137
- SectorsConsumerTechnology
- Email••••••••
- Website propelworld.com
- Legal Name Amar Wheels Private Limited
- Date of Incorporation 15 Sep, 1988
- Jurisdiction Punjab, India
- Annual Revenue₹33.91 Cr
FY 2025 · +29% YoY
- Net Profit₹2.42 Cr
FY 2025 · 7% margin
- EBITDA₹4.86 Cr
FY 2025 · 14% margin
- Employee Count137
Associated legal entities of Propel Metaltech
Propel Metaltech operates through Amar Wheels Pvt Ltd (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Amar Wheels Pvt Ltd CIN U35921PB1988PTC008684 | Active | 15 Sep 1988 | Ludhiana, Punjab | ₹33.9 Cr | 165 | 3 | View details |
Products & Services of Propel Metaltech
Propel Metaltech offers a comprehensive portfolio of products and services, including Ergo-Sys Chainrings, Short Length Alloy Cranks, and Chainwheels and Cranksets.
Innovative chainrings for superior retention and noiseless bicycle rides.
Alloy cranks designed for bicycles and e-bikes with enhanced durability.
Components for bicycles and e-bikes ensuring reliable performance.
Board of directors of Amar Wheels Pvt Ltd (Propel Metaltech)
Amar Wheels Pvt Ltd is the primary company behind Propel Metaltech. The board of Amar Wheels Pvt Ltd currently have 3 directors; the longest-serving is Sahil Aggarwal, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sahil Aggarwal DIN 06402392 | Whole-time director | 31 Dec 2020 | 5 yrs 9 mo | Amar Wheels Pvt Ltd |
| Karan Aggarwal DIN 01840927 | Whole-time director | 01 Apr 2021 | 5 yrs 6 mo | Amar Wheels Pvt Ltd |
| Sanjay Aggarwal DIN 01714567 | Managing Director | 01 Apr 2021 | 5 yrs 6 mo | Amar Wheels Pvt Ltd |
Financials of Propel Metaltech
Figures of Amar Wheels Pvt Ltd, the primary company behind Propel Metaltech, for FY 2025. Revenue was ₹33.91 Cr (+29% year on year). Net profit was ₹2.42 Cr (7% margin). EBITDA was ₹4.86 Cr (14% margin). Revenue has grown at a compounded annual rate of -17% over three years and +1% over five years.
- ₹33.91 CrRevenue · FY 2025 · +29% YoY
- ₹2.42 CrNet profit · 7% margin
- ₹4.86 CrEBITDA · 14% margin
- ₹60 LakhPaid-up capital
- 165Employees (provident fund records)
- -17%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Amar Wheels Pvt Ltd are on its company page.
Detailed financial statements for Propel Metaltech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Competitors of Propel Metaltech
Propel Metaltech has 9 listed competitors in our database, 2 of them funded. They include Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cummins.com | 1919 | United States | – | 36,826 | Manufacturer of gas-powered construction equipment | |
| valeo.com | 1923 | Paris, France | – | 124 | Automotive products and services are supplied globally to automakers. | |
| unominda.com | 1958 | Gurugram, India | $259.53M | 2,509 | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | |
| schaeffler.com | 1946 | Herzogenaurach, Germany | – | 90,151 | Manufacturer of bearings for the automotive industry | |
| faurecia.com | 1997 | Nanterre, France | – | – | Automotive components and systems are manufactured for vehicles. | |
| ranegroup.com | 1929 | Chennai, India | – | 172 | Major auto components are manufactured and supplied to OEMs. | |
| novaresteam.com | 1955 | Clamart, France | $32.95M | 167 | Major auto components are manufactured and supplied globally. | |
| zf.com | 1915 | Friedrichshafen, Germany | – | 168,700 | Mobility systems are developed for cars, vehicles, and industrial uses. | |
| mahle.com | 1920 | Stuttgart, Germany | – | 109 | Automotive cooling systems, pistons, and aftermarket components are manufactured. |
Detailed competitors of Propel Metaltech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Sports & Outdoor Goods
10 companies that operate in the same segment as Propel Metaltech (Sports & Outdoor Goods), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online marketplace offering multi-category products from independent designers | 2005 | Dublin, Leinster, Ireland | USD 97.95 M | USD 2.81 B | 10,155 | |
Multi-sports apparel, footwear, and equipment are provided worldwide by PUMA. | 1948 | Boston, Massachusetts, United States | – | USD 8.58 B | 19,600 | |
Manufactures and sells golf accessories | 1982 | Carlsbad, California, United States | – | USD 1.59 B | 33,319 | |
Golf equipment and apparel are manufactured and distributed. | 1910 | Fairhaven, Massachusetts, United States | USD 42.75 M | USD 2.56 B | 7,300 | |
Retailer of sporting goods and apparel | 1982 | Shirebrook, England, United Kingdom | – | – | – | |
Electric bicycles with integrated technology are manufactured by VanMoof. | 2009 | Amsterdam, Netherlands | USD 186.25 M | – | – | |
Pressure sensing insoles and wearable modules for skiers are developed. | 2013 | London, England, United Kingdom | USD 20.84 M | – | 30 | |
Tech-driven football helmets are provided for concussion management. | 2013 | Seattle, Washington, United States | USD 98.01 M | – | – | |
Suspension training systems and strength equipment are developed. | 2005 | San Francisco, California, United States | USD 909.12 K | – | – | |
Skiing products and accessories are provided by an internet-first brand. | 2006 | Le Chable, Valais, Switzerland | USD 17.86 M | – | – |
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Frequently Asked Questions about Propel Metaltech
Propel Metaltech was founded in 2010.
Propel Metaltech is headquartered in Pantnagar, India. It is registered at Pantnagar, Uttarakhand, India.
Propel Metaltech has 137 employees.
The primary company behind Propel Metaltech, Amar Wheels Pvt Ltd, reported revenue of ₹33.91 Cr for FY 2025, up 29% year on year.
Amar Wheels Pvt. Ltd. specializes in manufacturing high-quality chainwheels and cranksets for bicycles and e-bikes, including innovative Ergo-Sys chainrings for better retention and noiseless performance. Based in Ludhiana, India, the company offers customized designs, laser-marked branding, and accessories, focusing on intellectual property protection. They serve global markets through direct and business channels, emphasizing durability and advanced engineering in their products.
Propel Metaltech offers Ergo-Sys Chainrings, Short Length Alloy Cranks, and Chainwheels and Cranksets.
Propel Metaltech operates through Amar Wheels Pvt Ltd.
The legal entities of Propel Metaltech currently have 3 directors, including Karan Aggarwal, Sahil Aggarwal, Sanjay Aggarwal.