Prayas Engineering Limited

Prayas Engineering Limited - machinery and equipment in Anand, Gujarat, India. FY 2026 financials & compliance.
CIN U27310GJ1963PLC001222 Incorporated 25 July 1963 ROC Ahmedabad HQ Anand, Gujarat, India
Active Public Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹111.45 Cr
▲ 45% YoY
Net profit · FY 2025
₹11.84 Cr
Net margin 10.6%
EBITDA · FY 2025
₹17.59 Cr
EBITDA margin 15.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹210
Issued & subscribed
Open charges
₹85.9 Cr
Satisfied ₹1,148.79 Cr
Company age
63 yrs
Est. 1963
Employees · EPFO
33
Provident fund records

About Prayas Engineering Limited

Data last updated:

Prayas Engineering Limited is a public limited company based in Anand, Gujarat, India, a subsidiary of Aakaaish Investments Private Limited. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 July 1963 and has been in existence for over 63 years.

Its director Prayasvin B Patel and family are #540 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27310GJ1963PLC001222. Its GSTIN is 24AABCP5134E1ZV (Gujarat).

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹210. It was formerly known as Prayas Castings Private Limited and Prayas Castings Limited. It is led by directors including Nileshkumar Dhirubhai Shelat and Vipul Raval.

Its last annual general meeting (AGM) was held on 13 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Annad – Sojitra Road Vallabh Vidyanagar, Anand, Gujarat, India – 388120.

As per the financials filed for FY 2025, the company reported a revenue of ₹111.45 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹11.84 Cr (net margin 10.6%) and EBITDA of ₹17.59 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 40% over five years.

The company has about 33 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹85.9 Cr and satisfied charges of ₹1,148.79 Cr on record. Court records list 27 cases involving the company, including 10 filed by the company and 17 filed against it. The company has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in December 2020. The company has 18 MSME Form 1 returns on record between 2018 and 2024, listing 5,230 overdue payments to 205 micro and small suppliers.

Prayas Engineering Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-03-0000648). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prayasengineering.com.

Company details

CIN U27310GJ1963PLC001222
Registration Number 001222
Incorporation Date 25 July 1963
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Aakaaish Investments Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-03-0000648

Name history

Prayas Engineering has undergone 2 name changes throughout its history. The company was previously known as Prayas Castings Private Limited, and Prayas Castings Limited. The current legal name is Prayas Engineering Limited.

Company NameStatus
Prayas Engineering LimitedCurrent
Prayas Castings Private LimitedPrevious
Prayas Castings LimitedPrevious
Key People
Nileshkumar Dhirubhai Shelat Director Vipul Raval Director Dineshbhai Manubhai Patel Director

Recognitions & Rankings of Prayas Engineering

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-03-0000648

Contact details

Prayas Engineering Limited's registered office is in Anand, Gujarat. Its website is prayasengineering.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    prayasengineering.com
  • Registered Address
    Annad – Sojitra Road Vallabh Vidyanagar, Anand, Gujarat, India – 388120
  • Industry
    Machinery and Equipment, Material Handling & Storage Equipment

To see the full contact details of Prayas Engineering Limited, buy the company report.

Comprehensive company report
Prayas Engineering 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 Prayas Engineering is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Prayas Engineering Limited, buy the company report.

Financials of Prayas Engineering Limited

FY 2026 filings available

Prayas Engineering Limited reported revenue of ₹111.45 Cr (up 45% YoY) for FY 2025.

Revenue · FY 2025
₹111.45 Cr ▲ 45%
Net profit · FY 2025
₹11.84 Cr margin 10.6%
EBITDA · FY 2025
₹17.59 Cr margin 15.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 57%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▲ 170%

Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 45% growth in the latest year. EBITDA rose 170% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹111.45 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹17.59 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹11.84 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin15.8%
Net Profit Margin10.6%
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 Prayas Engineering Limited, buy the company report.

Board of directors of Prayas Engineering Limited

Prayas Engineering has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nileshkumar Dhirubhai Shelat
Also directs: Rolcon Engineering Company Limited
Director08 Nov 20251 Years 0 MonthsCurrent
Vipul Raval
Also directs: Adarsh Plant Protect Limited
Director08 Nov 20251 Years 0 MonthsCurrent
Dineshbhai Manubhai Patel
Also directs: Elecon Peripherals Limited, Eimco Elecon Electricals Limited, Power Build Private Limited and 1 more
Director23 Mar 20179 Years 7 MonthsCurrent
Ravin Ramanlal Shah
Also directs: Emtici Marketing LLP, Elecon Hydraulics Private Limited, Elecon Hydraulics Private Limited and 5 more
Director07 Dec 20205 Years 11 MonthsCurrent
Prayasvin Patel
Also directs: Emtici Marketing LLP, Alemonia Life Sciences Limited Liability Partnership, Eimco Elecon (India ) Limited and 5 more
Director25 Jun 197650 Years 4 MonthsCurrent
View all directors

Auditor

Prayas Engineering Limited is audited by THACKER BUTALA DESAI for the financial year 2024.

Auditor firmFinancial yearFirm registration number
THACKER BUTALA DESAIFY 2024110864W

Shareholding

The shareholding of Prayas Engineering 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 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Prayas Engineering Limited, buy the company report.

Charges & borrowings

Open charges
₹85.9 Cr
Satisfied charges
₹1,148.79 Cr
Breakdown by lending institutions
Axis Bank Limited₹62.00 Cr
Yes Bank Limited₹23.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Sep 2025101183275Yes Bank Limited₹23.9 CrOpen
21 Mar 2016100017956Axis Bank Limited₹62 CrOpen
17 Jun 2021100450754Idbi Bank Limited₹1.96 CrSatisfied
14 Feb 2018100156417Others₹25 CrSatisfied
02 Mar 201510554753Sbicap Trustee Company Limited₹964.5 CrSatisfied

To see the full charge records of Prayas Engineering Limited, buy the company report.

Total charge records: 24 View all charges

Deals & funding

Prayas Engineering Limited has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in December 2020.

Total deals
5
Secondary share transfers
2
Rights issue
1
Funding round
1
Debt financing
1
Disclosed funding
₹4.84 Cr

Deals on record (4 of 5)

WhenDealAmountParties
Dec 2020Debt financing₹4 CrInvestors: Aakaaish Investments Private Limited
Jan 2019Secondary share transferUndisclosedSeller: Emtici Engineering Limited , Bipra Investments and Trusts Pvt Ltd , Elecon Information Technology Limited , an individual
Mar 2015Rights issue₹1.2 LakhInvestors: Aakaaish Investments Private Limited
Mar 2009Secondary share transferUndisclosedBuyer: Emtici Engineering Limited
Seller: Elecon Engineering Company Limited

To see the full deal history of Prayas Engineering Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Prayas Engineering Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 5,230 overdue payments to 205 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 205)

SupplierAmount dueDue sinceReported on
Elmek Traders.
an individual supplier
Maruti Safety
an individual supplier
an individual supplier

To see the full MSME payment records of Prayas Engineering Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Prayas Engineering Limited has a workforce of 33 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
33
Active EPFO establishments
1
Employee growth
17.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2733
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Prayas Engineering Limited, buy the company report.

GST

Prayas Engineering has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCP5134E1ZVGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Prayas Engineering Limited, buy the company report.

Recent activity

Prayas Engineering Limited has 9 board changes on record since 1976: 5 appointments and 4 cessations. The latest: Nileshkumar Dhirubhai Shelat was appointed as Director on 08 Nov 2025.

AGM
Prayas Engineering Limited last Annual general meeting of members was held on 13 Aug 2026 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 23.90 Cr registered on 25 Sep 2025 with Charge ID 101183275 was modified on 02 Jul 2026.
Filing
Prayas Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited of Rs. 62.00 Cr registered on 21 Mar 2016 with Charge ID 100017956 was modified on 19 Jan 2026.
Appointed
Nileshkumar Dhirubhai Shelat was appointed as Director.
Appointed
Vipul Raval was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 23.90 Cr with Charge ID 101183275 was registered on 25 Sep 2025.
Charges
A charge registered on 17 Jun 2021 via Charge ID 100450754 with Idbi Bank Limited was fully satisfied on 27 Feb 2024.
Charges
A charge registered on 02 Mar 2015 via Charge ID 10554753 with Sbicap Trustee Company Limited was fully satisfied on 25 Jan 2024.
Charges
A charge with Idbi Bank Limited amounted to Rs. 1.96 Cr with Charge ID 100450754 was registered on 17 Jun 2021.
Charges
A charge registered on 14 Feb 2018 via Charge ID 100156417 with Others was fully satisfied on 26 Feb 2021.
Appointed
Ravin Ramanlal Shah was appointed as Director.

56 earlier events are in the company report.

Frequently asked questions

Prayas Engineering is an active public limited company based in Anand, Gujarat, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 25 July 1963 (63+ years old) and is registered under CIN U27310GJ1963PLC001222.

Prayas Engineering has 5 current directors:

The latest financial statements of Prayas Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 13 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Prayas Engineering is 24AABCP5134E1ZV, registered in Gujarat.

The CIN (Corporate Identification Number) of Prayas Engineering is U27310GJ1963PLC001222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Prayas Engineering has 27 court cases on record: 10 filed by the company and 17 filed against it. Most are in the district courts.

Prayas Engineering was incorporated on 25 July 1963, making it 63+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Prayas Engineering has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in December 2020.

Nileshkumar Dhirubhai Shelat was appointed as Director on 08 Nov 2025. Vipul Raval was appointed as Director on 08 Nov 2025. Ravin Ramanlal Shah was appointed as Director on 07 Dec 2020. Prayas Engineering has 9 board changes on record in total.

Yes, Prayas Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-03-0000648).

Prayas Engineering has 18 MSME Form 1 returns on record between 2018 and 2024, listing 5,230 overdue payments to 205 micro and small suppliers. The latest return was filed on 23 Apr 2024.