Prayan Electrical and Automation Private Limited
About Prayan Electrical and Automation Private Limited
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Prayan Electrical and Automation Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 07 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2019PTC110714. Its GSTIN is 24AAKCP8607R1ZN (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Sandip Nitinkumar Upadhayay and Urvi Sandipkumar Upadhyay.
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 Plot No.23 Krishna Industrial Park – 3 Kubadthal Daskroi, Ahmedabad, Gujarat, India – 382433.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.9 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹10.52 Lakh (net margin 2.7%) and EBITDA of ₹30.51 Lakh (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years.
As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
Company details
Contact details
Prayan Electrical and Automation Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.23 Krishna Industrial Park – 3 Kubadthal Daskroi, Ahmedabad, Gujarat, India – 382433
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Prayan Electrical and Automation Private 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 activity of Prayan Electrical and Automation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Prayan Electrical and Automation Private Limited, buy the company report.
Financials of Prayan Electrical and Automation Private Limited
FY 2024 filings availablePrayan Electrical and Automation Private Limited reported revenue of ₹3.9 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 69%. EBITDA rose 25% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹30.51 Lakh | ||||
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| Net Profit (PAT) | ₹10.52 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 2.7% | ||||
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To see the full financial statements and ratios of Prayan Electrical and Automation Private Limited, buy the company report.
Board of directors of Prayan Electrical and Automation Private Limited
Prayan Electrical and Automation has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Nitinkumar Upadhayay | Director | 07 Nov 2019 | 6 Years 11 Months | Current |
| Urvi Sandipkumar Upadhyay | Additional Director | 19 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Prayan Electrical and Automation Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Automation, Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Avco Energy Private Limited | ₹3.92 Cr (FY 2024) | -40.0% | Kolkata, West Bengal, India | |||
| Om Powertech Private Limited | ₹3.9 Cr (FY 2024) | 24.0% | Delhi, India | |||
| Prayan Electrical and Automation Private Limitedthis company | ₹3.9 Cr (FY 2024) | ₹10.52 Lakh | 2.7% | -4.0% | Ahmedabad, Gujarat, India | |
| Juhi Electricals Private Limited | ₹3.89 Cr (FY 2025) | 2.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Prayan Electrical and Automation Private Limited, buy the company report.
Auditor
Prayan Electrical and Automation Private Limited is audited by J B R & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J B R & ASSOCIATES | FY 2023 | 148822W |
Shareholding
The shareholding of Prayan Electrical and Automation Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prayan Electrical and Automation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2021 | 100410700 | The Kalupur Commercial Co-Operative Bank Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Prayan Electrical and Automation Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ambition Electric Pvt. Ltd. - Nitesh Karshanbhai Ladva | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Ambition Electric Pvt. Ltd. - Nitesh Karshanbhai Ladva | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed against the company by Subhashbhai Shah - M.S Highvolt Power and Cotrol System Pvt . Ltd. | Pending |
To see the full case history of Prayan Electrical and Automation Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prayan Electrical and Automation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prayan Electrical and Automation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCP8607R1ZN | Gujarat | Active | 22 Nov 2019 |
To see the full GST registrations and return filing status of Prayan Electrical and Automation Private Limited, buy the company report.
Recent activity
Prayan Electrical and Automation Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Chiranjiv Chiragbhai Patel ceased to be Director on 20 Jul 2024.
Frequently asked questions
Prayan Electrical and Automation is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 07 November 2019 (7+ years old) and is registered under CIN U29309GJ2019PTC110714.
Prayan Electrical and Automation has 2 current directors:
- Sandip Nitinkumar Upadhayay - Director
- Urvi Sandipkumar Upadhyay - Additional Director
The latest financial statements of Prayan Electrical and Automation 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 FY 2020 are in the company report.
The GSTIN of Prayan Electrical and Automation is 24AAKCP8607R1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Prayan Electrical and Automation is U29309GJ2019PTC110714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayan Electrical and Automation has 5 court cases on record: 5 filed against it. 3 are pending.
Prayan Electrical and Automation was incorporated on 07 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Prayan Electrical and Automation by revenue are Avco Energy Private Limited, Om Powertech Private Limited, Juhi Electricals Private Limited, all in the Power industry (Automation, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Chiranjiv Chiragbhai Patel ceased to be Director on 20 Jul 2024. Pavan Jagdish Shah ceased to be Director on 20 Jul 2024. Urvi Sandipkumar Upadhyay was appointed as Additional Director on 19 Jul 2024. Prayan Electrical and Automation has 5 board changes on record in total.
The registered office of Prayan Electrical and Automation is at Plot No.23 Krishna Industrial Park – 3 Kubadthal Daskroi, Ahmedabad, Gujarat, India – 382433.
Prayan Electrical and Automation operates in the energy and power industry, in the power equipment manufacturers segment.