Prayagaa Enterprises Private Limited

Prayagaa Enterprises Private Limited - energy and power in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U51909TN2007PTC063135 Incorporated 17 April 2007 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company energy and power MSME · Small
Data last updated
Revenue · FY 2024
₹29.91 Cr
▼ 27% YoY
Net profit · FY 2024
₹20.64 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.27 Cr
EBITDA margin 4.2%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹59.75 Lakh
Issued & subscribed
Open charges
₹10.02 Cr
Satisfied ₹10.06 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
76
Provident fund records

About Prayagaa Enterprises Private Limited

Data last updated:

Prayagaa Enterprises Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 17 April 2007 and has been in existence for over 19 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51909TN2007PTC063135. Its GSTIN is 33AAECP4007H1ZT (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹59.75 Lakh. It was formerly known as Plusco Enterprises Private Limited. It is led by directors Vsrinivasalu (Managing Director) and Varadharajan Mythilysrinivasalu.

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 Old No.37 New No.57 2nd Floor Ramakrishna Mutt Road Mandaveli, Chennai, Tamil Nadu, India – 600028.

As per the financials filed for FY 2024, the company reported a revenue of ₹29.91 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹20.64 Lakh (net margin 0.7%) and EBITDA of ₹1.27 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 8% over five years.

The company has about 76 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹10.02 Cr and satisfied charges of ₹10.06 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.

Prayagaa Enterprises Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0018453). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prayagaa.com.

Company details

CIN U51909TN2007PTC063135
Registration Number 063135
Incorporation Date 17 April 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0018453
Key People
Vsrinivasalu Managing Director Varadharajan Mythilysrinivasalu Director

Recognitions & Rankings of Prayagaa Enterprises

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-TN-02-0018453

Contact details

Prayagaa Enterprises Private Limited's registered office is in Chennai, Tamil Nadu. Its website is prayagaa.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    prayagaa.com
  • Registered Address
    Old No.37 New No.57 2nd Floor Ramakrishna Mutt Road Mandaveli, Chennai, Tamil Nadu, India – 600028
  • Industry
    Energy and Power, BoP & BTG Services, Power EPC

To see the full contact details of Prayagaa Enterprises Private Limited, buy the company report.

Comprehensive company report
Prayagaa Enterprises Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Prayagaa Enterprises is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF3Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities

To see the full business activity and turnover split of Prayagaa Enterprises Private Limited, buy the company report.

Financials of Prayagaa Enterprises Private Limited

FY 2024 filings available

Prayagaa Enterprises Private Limited reported revenue of ₹29.91 Cr (down 27% YoY) for FY 2024.

Revenue · FY 2024
₹29.91 Cr ▼ 27%
Net profit · FY 2024
₹20.64 Lakh margin 0.7%
EBITDA · FY 2024
₹1.27 Cr margin 4.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 33%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 5%
5 years · compounded
▲ 9%

Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 67% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹1.27 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹20.64 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin4.2%
Net Profit Margin0.7%
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

To see the full financial statements and ratios of Prayagaa Enterprises Private Limited, buy the company report.

Board of directors of Prayagaa Enterprises Private Limited

Prayagaa Enterprises has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
VsrinivasaluManaging Director01 Dec 201114 Years 11 MonthsCurrent
Varadharajan MythilysrinivasaluDirector17 Apr 200719 Years 6 MonthsCurrent
View all directors

Auditor

Prayagaa Enterprises Private Limited is audited by SWAROOP ANAND & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SWAROOP ANAND & COFY 20234324

Shareholding

The shareholding of Prayagaa Enterprises Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Prayagaa Enterprises Private Limited, buy the company report.

Charges & borrowings

Open charges
₹10.02 Cr
Satisfied charges
₹10.06 Cr
Breakdown by lending institutions
Others₹9.75 Cr
Vijaya Bank₹0.27 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Jan 2024100851747Others₹9.75 CrOpen
17 Apr 2021100448239Vijaya Bank₹26.8 LakhOpen
18 Mar 2021100439103Vijaya Bank₹8.37 LakhSatisfied
28 Aug 2018100207006Others₹18 LakhSatisfied
28 Sep 2016100069037Vijaya Bank₹50,000Satisfied

To see the full charge records of Prayagaa Enterprises Private Limited, buy the company report.

Total charge records: 7 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Prayagaa Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Prayagaa Enterprises Private Limited has a workforce of 76 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
76
Active EPFO establishments
1
Employee growth
-24.75%

GST

Prayagaa Enterprises has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
33AAECP4007H1ZTTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Prayagaa Enterprises Private Limited, buy the company report.

Recent activity

Prayagaa Enterprises Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Vsrinivasalu ceased to be Director on 04 Jan 2019.

Charges
A charge registered on 28 Sep 2016 via Charge ID 100069037 with Vijaya Bank was fully satisfied on 26 Feb 2025.
Charges
A charge registered on 18 Mar 2021 via Charge ID 100439103 with Vijaya Bank was fully satisfied on 25 Feb 2025.
Charges
A charge registered on 28 Aug 2018 via Charge ID 100207006 with Others was fully satisfied on 25 Feb 2025.
Charges
A charge registered on 14 Jul 2016 via Charge ID 100045893 with Vijaya Bank was fully satisfied on 25 Feb 2025.
AGM
Prayagaa Enterprises Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prayagaa Enterprises Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 975.00 Lakh with Charge ID 100851747 was registered on 20 Jan 2024.
Charges
A charge registered on 17 Aug 2016 via Charge ID 100069036 with Others was fully satisfied on 30 Aug 2023.
Charges
A charge with Others of Rs. 975.00 Lakh registered on 17 Aug 2016 with Charge ID 100069036 was modified on 10 Oct 2022.
Charges
A charge with Vijaya Bank amounted to Rs. 26.80 Lakh with Charge ID 100448239 was registered on 17 Apr 2021.
Charges
A charge with Vijaya Bank amounted to Rs. 8.37 Lakh with Charge ID 100439103 was registered on 18 Mar 2021.
Ceased
Vsrinivasalu ceased to be Director.

8 earlier events are in the company report.

Frequently asked questions

Prayagaa Enterprises is an active private limited company based in Chennai, Tamil Nadu, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 17 April 2007 (19+ years old) and is registered under CIN U51909TN2007PTC063135.

Prayagaa Enterprises has 2 current directors:

The latest financial statements of Prayagaa Enterprises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Prayagaa Enterprises is 33AAECP4007H1ZT, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Prayagaa Enterprises is U51909TN2007PTC063135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Prayagaa Enterprises has 2 court cases on record: 2 filed against it. 2 are pending.

Prayagaa Enterprises was incorporated on 17 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.

Vsrinivasalu ceased to be Director on 04 Jan 2019. Krishnamurthy Padmavenkatesan ceased to be Director on 31 Mar 2013. Vsrinivasalu was appointed as Managing Director on 01 Dec 2011. Prayagaa Enterprises has 4 board changes on record in total.

Yes, Prayagaa Enterprises is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0018453).

Prayagaa Enterprises can be reached through the website prayagaa.com. Its registered office is in Chennai, Tamil Nadu, India.