About Pragat Akshay Urja Limited
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Pragat Akshay Urja Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 13 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U29190MP2009PLC021620. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.82 Cr. It is led by directors including Prakash Chandra Jain (Whole-Time Director) and Rakesh Prakash Jain.
Its last annual general meeting (AGM) was held on 27 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1/1 Maharani Road M – 12 Shreenath Chambers, Indore, Madhya Pradesh, India – 452007.
As per the financials filed for FY 2018, the company reported a revenue of ₹22.2 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹72.23 Lakh (net margin 3.3%) and EBITDA of ₹2.23 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹9.5 Cr on record. Court records list 34 cases involving the company, including 18 filed by the company and 16 filed against it; 13 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹4.55 Cr; the latest was in February 2016. Its 8 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 4 smaller; the largest is Aureole Electricals and Electronics Private Limited with revenue of ₹22.41 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatakshayurja.com.
Company details
Contact details
Pragat Akshay Urja Limited's registered office is in Indore, Madhya Pradesh. Its website is pragatakshayurja.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1/1 Maharani Road M – 12 Shreenath Chambers, Indore, Madhya Pradesh, India – 452007
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Pragat Akshay Urja Limited, buy the company report.
- 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 activities of Pragat Akshay Urja are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pragat Akshay Urja Limited, buy the company report.
Financials of Pragat Akshay Urja Limited
FY 2018 filings availablePragat Akshay Urja Limited reported revenue of ₹22.2 Cr (down 19% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 47% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | ||||
| EBITDA | ₹2.23 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹72.23 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10% | |||
| Net Profit Margin | 3.3% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Pragat Akshay Urja Limited, buy the company report.
Board of directors of Pragat Akshay Urja Limited
Pragat Akshay Urja has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramila Jain | Additional Director | 28 Jan 2021 | 5 Years 9 Months | Current |
| Prakash Chandra Jain | Whole-Time Director | 13 Feb 2009 | 17 Years 8 Months | Current |
| Nutan Birendrapratap Singh | Additional Director | 08 Nov 2018 | 8 Years 0 Months | Current |
| Rakesh Prakash Jain Also directs: Sai Guru Mega Solar Park Private Limited | Director | 13 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Pragat Akshay Urja Limited is compared with the 8 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aureole Electricals and Electronics Private Limited | ₹22.41 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India | |||
| Kcsad Lights (India) Private Limited | ₹22.23 Cr (FY 2024) | -1.0% | Kapurthala, Punjab, India | |||
| Morcom Induction Private Limited | ₹22.22 Cr (FY 2025) | 47.0% | Delhi, India | |||
| Cema Electric Lighting Products India Private Limited | ₹22.2 Cr (FY 2022) | -15.0% | Chennai, Tamil Nadu, India | |||
| Pragat Akshay Urja Limitedthis company | ₹22.2 Cr (FY 2018) | ₹72.23 Lakh | 3.3% | -19.0% | 10 | Indore, Madhya Pradesh, India |
| Sushma Engineering Private Limited | ₹22.12 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Envoys Electronics Private Limited | ₹22.08 Cr (FY 2023) | -12.0% | Delhi, India | |||
| Arneg India Private Limited | ₹22.01 Cr (FY 2025) | 23.0% | Thane, Maharashtra, India | |||
| Renergy Systems India Private Limited | ₹22 Cr (FY 2025) | 28.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Pragat Akshay Urja Limited, buy the company report.
Auditor
Pragat Akshay Urja Limited is audited by DILIP K NEEMA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILIP K NEEMA & ASSOCIATES | FY 2018 | 005279C |
Shareholding
The shareholding of Pragat Akshay Urja Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pragat Akshay Urja Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2015 | 10570467 | The Cosmos Co-Operative Bank Ltd. | ₹2.5 Cr | Open | |
| 12 Aug 2011 | 10304317 | The Cosmos Co-Operative Bank Ltd. | ₹7 Cr | Open |
To see the full charge records of Pragat Akshay Urja Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Pragat Akshay Urja Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹4.55 Cr; the latest was in February 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Rights issue | ₹3.22 Cr | Investors: 4 individuals |
| Aug 2013 | Funding round | ₹28 Lakh | Investors: 4 individuals |
| Jan 2011 | Funding round | ₹1.59 Cr | Investors: 4 individuals |
| Apr 2009 | Funding round | ₹2.68 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pragat Akshay Urja Limited has 34 court cases on record: 18 filed by Pragat Akshay Urja, 16 filed against it. 13 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 10 | 12 |
| High courts | 12 | 4 | 0 |
| NCLT | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Waaree Energies Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed against the company by Madhya Pradesh Urja Vikas Nigam Limited Through Managing Director | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (EX AB) | Filed by the company against Madhya Pradesh Urja Vikas Nigam Limited Through Managing Director | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed by the company against Madhya Pradesh Urja Vikas Nigam Limited Through Managing Director | Pending |
| High Court | Arbitration matter | Filed by the company against Solar Energy Corporation of India and 3 others | Disposed |
To see the full case history of Pragat Akshay Urja Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Pragat Akshay Urja Limited was last rated by Care on 30 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Aug 2021 |
To see the full credit ratings and regulatory alerts of Pragat Akshay Urja Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragat Akshay Urja Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pragat Akshay Urja has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sai Guru Mega Solar Park Private Limited | U40300MH2016PTC272913 |
To see the full group structure of Pragat Akshay Urja Limited, buy the company report.
Employees & EPFO
Pragat Akshay Urja Limited has a workforce of 10 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Pragat Akshay Urja has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pragat Akshay Urja Limited, buy the company report.
Recent activity
Pragat Akshay Urja Limited has 9 board changes on record since 2009: 5 appointments and 4 cessations. The latest: Pramila Jain was appointed as Additional Director on 28 Jan 2021.
3 earlier events are in the company report.
Frequently asked questions
Pragat Akshay Urja is an active public limited company based in Indore, Madhya Pradesh, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 13 February 2009 (17+ years old) and is registered under CIN U29190MP2009PLC021620.
Pragat Akshay Urja has 4 current directors:
- Prakash Chandra Jain - Whole-Time Director
- Pramila Jain - Additional Director
- Nutan Birendrapratap Singh - Additional Director
- Rakesh Prakash Jain - Director
The latest financial statements of Pragat Akshay Urja on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 September 2018. Year-wise statements from 2015 are in the company report.
No. Pragat Akshay Urja has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Pragat Akshay Urja is U29190MP2009PLC021620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragat Akshay Urja has 34 court cases on record: 18 filed by the company and 16 filed against it. 13 are pending. Most are in the district courts.
Pragat Akshay Urja was incorporated on 13 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Gwalior.
Pragat Akshay Urja has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹4.55 Cr; the latest was in February 2016.
The peers of Pragat Akshay Urja by revenue are Aureole Electricals and Electronics Private Limited, Kcsad Lights (India) Private Limited, Morcom Induction Private Limited, Cema Electric Lighting Products India Private Limited, Sushma Engineering Private Limited and 3 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Pramila Jain was appointed as Additional Director on 28 Jan 2021. Nutan Birendrapratap Singh ceased to be Additional Director on 06 Jan 2020. Satish Jain ceased to be Director on 30 Sep 2019. Pragat Akshay Urja has 9 board changes on record in total.
Pragat Akshay Urja can be reached through the website pragatakshayurja.com. Its registered office is in Indore, Madhya Pradesh, India.
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