About Expel Prosys Private Limited
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Expel Prosys Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 20 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2019PTC109579. Its GSTIN is 24AAFCE6072J1ZK (Gujarat).
The company has an authorised share capital of ₹51 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Chirag Shah and Manojkumar 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 Expelhouse 5 Thfloor Windwardbusinesspark Nr.Kidneyhospital Jetalpurroad, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2024, the company reported a revenue of ₹132.2 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹4.51 Cr (net margin 3.4%) and EBITDA of ₹7.22 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years.
The company has about 257 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expelprosys.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressExpelhouse 5 Thfloor Windwardbusinesspark Nr.Kidneyhospital Jetalpurroad, Vadodara, Gujarat, India – 390020
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Business Activity of Expel Prosys Private Limited
The main business activity of Expel Prosys is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Expel Prosys Private Limited FY 2024 filings available
Expel Prosys Private Limited reported revenue of ₹132.2 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Expel Prosys Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 73% over three years, including 27% growth in the latest year. EBITDA rose 91% 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 of Expel Prosys Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹7.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.51 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Expel Prosys Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Expel Prosys are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Expel Prosys Private Limited
Expel Prosys Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rays Power Experts Limited | •••• | •••• | •••• | •••• | 39 | Jaipur, Rajasthan, India |
| Khavda-Bhuj Transmission Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Insolare Energy Limited | •••• | •••• | •••• | •••• | 434 | City Ahmedabad, Gujarat, India |
| Baritech Infra Private Limited | •••• | •••• | •••• | •••• | - | Bhilai, Chattisgarh, India |
| Teravon Green Energies Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Expel Prosys Private Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Oneness Controlpanels Private Limited | •••• | •••• | •••• | •••• | - | Ranje, Maharashtra, India |
| Karamveer Electronics Limited | •••• | •••• | •••• | •••• | - | Uttar Pradesh, India |
| Super Tech Forgings India Private Limited | •••• | •••• | •••• | •••• | - | Punjab, India |
| Deccan Enterprises Private Limited | •••• | •••• | •••• | •••• | 78 | Hyderabad, Telangana, India |
| Neptune (India) Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Expel Prosys by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Expel Prosys Private Limited
Expel Prosys Private Limited is audited by SHAH GANDHI AND SHAH for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAH GANDHI AND SHAH | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Expel Prosys Private Limited
Expel Prosys has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Shah | Director | 20 Aug 2019 | 7 Years 1 Months | Current |
| Manojkumar Patel | Director | 20 Aug 2019 | 7 Years 1 Months | Current |
| Keil Hareshbhai Shah | Director | 20 Aug 2019 | 7 Years 1 Months | Current |
Ownership and Shareholding of Expel Prosys Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Expel Prosys Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2025 | Others | ₹37.43 Cr | Open |
| 21 Mar 2025 | Sidbi | ₹22.98 Lakh | Open |
| 12 Dec 2024 | Hdfc Bank Limited | ₹21.8 Lakh | Open |
| 30 Oct 2024 | Hdfc Bank Limited | ₹14.54 Lakh | Open |
| 02 Jul 2024 | Sidbi | ₹91.8 Lakh | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Expel Prosys Private Limited
Expel Prosys Private Limited has a workforce of 257 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Expel Prosys Private Limited
Expel Prosys Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Chirag Shah was appointed as Director on 20 Aug 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Expel Prosys Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Expel Prosys Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Expel Prosys Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Expel Prosys Private Limited
Expel Prosys has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCE6072J1ZK | Gujarat | Active | 21 Oct 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Expel Prosys Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Expel Prosys Private Limited
Expel Prosys is an active private limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 20 August 2019 (7+ years old) and is registered under CIN U31909GJ2019PTC109579.
Expel Prosys reported revenue of ₹132.2 Cr for FY 2024 (up 27% YoY).
Expel Prosys has 3 current directors:
- Chirag Shah - Director
- Manojkumar Patel - Director
- Keil Hareshbhai Shah - Director
Expel Prosys reported a net profit of ₹4.51 Cr (net margin 3.4%) and EBITDA of ₹7.22 Cr (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Expel Prosys is 73% over three years. In the latest year (FY 2024) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Expel Prosys is 24AAFCE6072J1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Expel Prosys is U31909GJ2019PTC109579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Expel Prosys was incorporated on 20 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Expel Prosys by revenue are Rays Power Experts Limited, Khavda-Bhuj Transmission Limited, Insolare Energy Limited, Baritech Infra Private Limited, Teravon Green Energies Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers).
Chirag Shah was appointed as Director on 20 Aug 2019. Keil Hareshbhai Shah was appointed as Director on 20 Aug 2019. Manojkumar Patel was appointed as Director on 20 Aug 2019.
Yes, Expel Prosys is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).