MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-21-0000192
Prime Insulators Private Limited - energy and power in Dalpur, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.69 Cr
▲ 267.56% YoY
Net profit · FY 2024
₹82.71 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹4.88 Cr
EBITDA margin 7.7%
Authorised capital
₹2.25 Cr
Registered with MCA
Paid-up capital
₹2.1 Cr
Issued & subscribed
Open charges
₹46.36 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
27
Provident fund records
About Prime Insulators Private Limited
Data last updated:
Prime Insulators Private Limited is a private limited company based in Dalpur, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26915GJ2006PTC048320. Its GSTIN is 24AAECP8405D1ZQ (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.1 Cr. It is led by directors Mahendrakumar Prabhudas Patel and Nareshkumar Purshottamdas 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 Block No.134/P2 Ceramics Zone At And Post: Dalpur Taluka: Prantij Dist: Sabarkantha, Gujarat, India – 383120.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.69 Cr. For the same year it recorded a net profit of ₹82.71 Lakh (net margin 1.3%) and EBITDA of ₹4.88 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 8% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prime Insulators. As per MCA filings, the company has open charges of ₹46.36 Cr on record.
Prime Insulators Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0000192). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primeinsulators.com.
Company Details of Prime Insulators Private Limited
CIN U26915GJ2006PTC048320
Registration Number 048320
Incorporation Date 26 May 2006
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-21-0000192
Recognitions & Rankings of Prime Insulators
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock No.134/P2 Ceramics Zone At And Post: Dalpur Taluka: Prantij Dist: Sabarkantha, Gujarat, India – 383120
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
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Associated Brands with Prime Insulators Private Limited
Prime Insulators operates one associated brand: Prime Insulators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of porcelain and polymer insulators, along with related electrical components in India. | primeinsulators.com |
Business Activity of Prime Insulators Private Limited
The main business activity of Prime Insulators is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Prime Insulators Private Limited FY 2024 filings available
Prime Insulators Private Limited reported revenue of ₹63.69 Cr for FY 2024.
Revenue · FY 2024
₹63.69 Cr
Net profit · FY 2024
₹82.71 Lakh margin 1.3%
EBITDA · FY 2024
₹4.88 Cr margin 7.7%
Compounded Annual Growth Rate (CAGR) of Prime Insulators Private Limited
Revenue CAGR growth
3 years · compounded
▲ 26%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 13%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years. EBITDA rose 16% 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 Prime Insulators 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 | ₹4.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹82.71 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 of Prime Insulators Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Prime Insulators are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Prime Insulators Private Limited
Prime Insulators has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendrakumar Prabhudas Patel | Director | 26 May 2006 | 20 Years 4 Months | Current |
| Nareshkumar Purshottamdas Patel Also directs: Sabar Cotton Private Limited, Patco Polypack Private Limited | Director | 26 May 2006 | 20 Years 4 Months | Current |
Peer Comparison of Prime Insulators Private Limited
Prime Insulators Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Themis Automation Private Limited | ₹64.85 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Powerlite Electricals Private Limited | ₹64.81 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Kadi, Gujarat, India |
| Mecwin Technologies India Private Limited | ₹64.64 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Hirawat Electricals Private Limited | ₹64.47 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Kolkata, West Bengal, India |
| Radhe Renewable Energy Development Private Limited | ₹64.08 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Metoda Gidc, Gujarat, India |
| Prime Insulators Private Limited this company | ₹63.69 Cr (FY 2024) | •••• | •••• | •••• | Dalpur, Gujarat, India | |
| Evergreen Electricals Private Limited | ₹63.45 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Suntek Energy Systems Private Limited | ₹63.04 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | Hyderabad, Telangana, India |
| Maktel Control & Systems Private Limited | ₹62.99 Cr (FY 2016) | •••• | •••• | 24.0% | •••• | Vadodara, Gujarat, India |
| Avana Electrosystems Limited | ₹62.93 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Prayog Electricals Private Limited | ₹62.89 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Phaltan, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Prime Insulators by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Prime Insulators Private Limited
Prime Insulators Private Limited is audited by M. A. PATEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. A. PATEL & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Prime Insulators Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Prime Insulators Private Limited
Open charges
₹46.36 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Oct 2021 | Hdfc Bank Limited | ₹14.4 Cr | Open |
| 02 Feb 2007 | Others | ₹15.98 Cr | Open |
| 02 Feb 2007 | Others | ₹15.98 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Prime Insulators Private Limited
Prime Insulators Private Limited has a workforce of 27 employees as of Apr 05, 2024.
Employee count
27
Active EPFO establishments
1
Employee growth
-6.9%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Prime Insulators Private Limited
Prime Insulators Private Limited has 2 board changes on record since 2006: 2 appointments. The latest: Mahendrakumar Prabhudas Patel was appointed as Director on 26 May 2006.
AGM
Prime Insulators Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prime Insulators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 14.40 Cr registered on 22 Oct 2021 with Charge ID 100500007 was modified on 12 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.40 Cr with Charge ID 100500007 was registered on 22 Oct 2021.
Charges
A charge with Others of Rs. 15.98 Cr registered on 02 Feb 2007 with Charge ID 10035752 was modified on 13 Jan 2020.
Charges
A charge with Others of Rs. 15.98 Cr registered on 02 Feb 2007 with Charge ID 10035753 was modified on 13 Jan 2020.
Charges
A charge with Others amounted to Rs. 15.98 Cr with Charge ID 10035752 was registered on 02 Feb 2007.
Charges
A charge with Others amounted to Rs. 15.98 Cr with Charge ID 10035753 was registered on 02 Feb 2007.
Appointed
Mahendrakumar Prabhudas Patel was appointed as Director.
Appointed
Nareshkumar Purshottamdas Patel was appointed as Director.
Incorporation
26 May 2006
Prime Insulators Private Limited was registered on 26 May 2006 with Roc Ahmedabad & aged 20 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Prime Insulators Private Limited
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MSME Payment Delays by Prime Insulators Private Limited
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Subsidiaries & Group Companies of Prime Insulators Private Limited
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Corporate group structure
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GST Compliance of Prime Insulators Private Limited
Prime Insulators has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECP8405D1ZQ | Gujarat | Active | 01 Jul 2017 |
| 24AAECP8405D1DZ | Gujarat | Active | 19 Nov 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Prime Insulators Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Prime Insulators Private Limited
Prime Insulators is an active private limited company based in Dalpur, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 May 2006 (20+ years old) and is registered under CIN U26915GJ2006PTC048320.
Prime Insulators reported revenue of ₹63.69 Cr for FY 2024.
Prime Insulators has 2 current directors:
- Mahendrakumar Prabhudas Patel - Director
- Nareshkumar Purshottamdas Patel - Director
Prime Insulators reported a net profit of ₹82.71 Lakh (net margin 1.3%) and EBITDA of ₹4.88 Cr (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prime Insulators is 26% over three years and 8% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Prime Insulators is 24AAECP8405D1ZQ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECP8405D1DZ (Gujarat).
The CIN (Corporate Identification Number) of Prime Insulators is U26915GJ2006PTC048320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Insulators was incorporated on 26 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Prime Insulators by revenue are Themis Automation Private Limited, Powerlite Electricals Private Limited, Mecwin Technologies India Private Limited, Hirawat Electricals Private Limited, Radhe Renewable Energy Development Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Mahendrakumar Prabhudas Patel was appointed as Director on 26 May 2006. Nareshkumar Purshottamdas Patel was appointed as Director on 26 May 2006.
Yes, Prime Insulators is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-21-0000192).