MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-01-0006283
Prime Rigs Limited - machinery and equipment in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.54 Cr
▼ 56% YoY
Net profit · FY 2024
₹1.82 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹23.04 Lakh
EBITDA margin 2.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹47.28 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Satisfied ₹53.2 Lakh
Company age
31 yrs
Est. 1995
Employees · EPFO
23
Provident fund records
About Prime Rigs Limited
Data last updated:
Prime Rigs Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Prime Power Corporation Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29100DL1995PLC068048. Its GSTIN is 06AAACP5401B1Z6 (Haryana). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.28 Lakh. It was formerly known as Prime Hitech Infrastructure Limited and Prime Hitech Private Limited. It is led by directors including Rohan Mehta and Archna Mehta.
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 Prime Group Building 11/5B Pusa Road, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.54 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Lakh (net margin 0.2%) and EBITDA of ₹23.04 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 112% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Primedrillrigs. As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹53.2 Lakh on record. Court records list 23 cases involving the company, including 9 filed by the company and 14 filed against it; 7 cases are pending.
Prime Rigs Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0006283). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prime-rigs.com.
Company details
CIN U29100DL1995PLC068048
Registration Number 068048
Incorporation Date 01 May 1995
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Prime Power Corporation Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-01-0006283
Name history
Prime Rigs has undergone 6 name changes throughout its history. The current legal name is Prime Rigs Limited.
| Company Name | Status |
|---|---|
| Prime Rigs Limited | Current |
| Prime Hitech Infrastructure Limited | Previous |
| Prime Hitech Private Limited | Previous |
| Pci Rigs Limited | Previous |
| Pci Drilling Equipment Limited | Previous |
| Prime Hitech Limited | Previous |
| Prime Hitech Limited | Previous |
CIN history
Prime Rigs has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29100DL1995PLC068048, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100DL1995PLC068048 | Current |
| U74899DL1995PTC068048 | Previous |
| U45200DL1995PLC068048 | Previous |
| U74899DL1995PLC068048 | Previous |
Recognitions & Rankings of Prime Rigs
Contact details
Prime Rigs Limited's registered office is in New Delhi, Delhi. Its website is prime-rigs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPrime Group Building 11/5B Pusa Road, New Delhi, Delhi, India – 110005
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Prime Rigs Limited, buy the company report.
Comprehensive company report
Prime Rigs 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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Brands
Prime Rigs operates one associated brand: Primedrillrigs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and exports drilling rigs for water wells and mining globally. | primedrillrigs.com |
Business activity
The main business activity of Prime Rigs is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Prime Rigs Limited, buy the company report.
Financials of Prime Rigs Limited
FY 2024 filings availablePrime Rigs Limited reported revenue of ₹10.54 Cr (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹10.54 Cr ▼ 56%
Net profit · FY 2024
₹1.82 Lakh margin 0.2%
EBITDA · FY 2024
₹23.04 Lakh margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▼ 10%
5 years · compounded
▲ 112%
EBITDA CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 43%
5 years · compounded
▲ 20%
Revenue fell 56% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 112%. EBITDA fell 73% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹23.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.82 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Prime Rigs Limited, buy the company report.
Board of directors of Prime Rigs Limited
Prime Rigs has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohan Mehta Also directs: Prime Power Corporation Limited, Pci Precision Engineering Limited, Pel Asset and Infrastructure Limited and 5 more | Director | 20 Jun 2007 | 19 Years 4 Months | Current |
| Archna Mehta Also directs: Planet Pci Infotech Limited, Endoprime Healthcare India Private Limited, Pci Autotronics Private Limited and 4 more | Director | 26 Jul 2019 | 7 Years 2 Months | Current |
| Abhijeet Prakash | Director | 23 Aug 2021 | 5 Years 1 Months | Current |
| Venkatesh Babu Sundaragiri | Director | 23 Aug 2021 | 5 Years 1 Months | Current |
| Surinder Mehta Also directs: Prime Power Corporation Limited, Pci Precision Engineering Limited, Pel Asset and Infrastructure Limited and 5 more | Director | 01 May 1995 | 31 Years 5 Months | Current |
| Anil Sethi | Additional Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Prime Rigs Limited is audited by KMRG & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KMRG & ASSOCIATES | FY 2023 | 029698N |
Shareholding
The shareholding of Prime Rigs 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prime Rigs Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
₹53.2 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2025 | 101132787 | Others | ₹50 Lakh | Open | |
| 31 Dec 2019 | 100315052 | Others | ₹26.6 Lakh | Satisfied | |
| 28 Nov 2019 | 100309938 | Others | ₹26.6 Lakh | Satisfied |
To see the full charge records of Prime Rigs Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Prime Rigs Limited has 23 court cases on record: 9 filed by Prime Rigs, 14 filed against it. 7 cases are pending and 16 are disposed.
Total cases
23
Filed by the company
9
Filed against the company
14
Pending
7
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 11 | 6 |
| High courts | 6 | 3 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil miscellaneous application | Filed against the company by Seashell Logistics P Ltd | Pending |
| District court, Gurugram, Haryana | Appeal | Filed by the company against M/S Meethale Logistics Pvt Ltd Etc and 1 other | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Meethale Logistics P Ltd and 1 other | Pending |
| District court, Gurugram, Haryana | Civil miscellaneous application | Filed by the company against Seashell Logistics Pvt Ltd and 4 others | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by M/S Teamglobal Logistics Pvt Ltd | Disposed |
To see the full case history of Prime Rigs 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 Prime Rigs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prime Rigs Limited has a workforce of 23 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
43.75%
GST
Prime Rigs has 5 GST registrations: 2 active and 3 cancelled or inactive.
Total GSTINs
5
Active
2
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACP5401B1Z6 | Haryana | Active | 01 Jul 2017 |
| 36AAACP5401B2Z2 | Telangana | Active | 20 Nov 2019 |
To see the full GST registrations and return filing status of Prime Rigs Limited, buy the company report.
Recent activity
Prime Rigs Limited has 14 board changes on record since 1995: 10 appointments and 4 cessations. The latest: Anil Sethi was appointed as Additional Director on 01 Apr 2025.
Charges
A charge registered on 31 Dec 2019 via Charge ID 100315052 with Others was fully satisfied on 07 Jul 2025.
Charges
A charge registered on 28 Nov 2019 via Charge ID 100309938 with Others was fully satisfied on 07 Jul 2025.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 101132787 was registered on 18 Jun 2025.
Appointed
Anil Sethi was appointed as Additional Director.
AGM
Prime Rigs Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prime Rigs Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Abhijeet Prakash was appointed as Director.
Appointed
Venkatesh Babu Sundaragiri was appointed as Director.
Charges
A charge with Others amounted to Rs. 26.60 Lakh with Charge ID 100315052 was registered on 31 Dec 2019.
Charges
A charge with Others amounted to Rs. 26.60 Lakh with Charge ID 100309938 was registered on 28 Nov 2019.
Ceased
Vijay Sarpal ceased to be Director.
Appointed
Archna Mehta was appointed as Director.
10 earlier events are in the company report.
Frequently asked questions
Prime Rigs is an active public limited company based in New Delhi, Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 May 1995 (31+ years old) and is registered under CIN U29100DL1995PLC068048.
Prime Rigs has 6 current directors:
- Rohan Mehta - Director
- Archna Mehta - Director
- Abhijeet Prakash - Director
- Venkatesh Babu Sundaragiri - Director
- Surinder Mehta - Director
- Anil Sethi - Additional Director
The latest financial statements of Prime Rigs 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 Prime Rigs is 06AAACP5401B1Z6, registered in Haryana. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 36AAACP5401B2Z2 (Telangana).
The CIN (Corporate Identification Number) of Prime Rigs is U29100DL1995PLC068048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Rigs has 23 court cases on record: 9 filed by the company and 14 filed against it. 7 are pending. Most are in the district courts.
Prime Rigs was incorporated on 01 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Anil Sethi was appointed as Additional Director on 01 Apr 2025. Abhijeet Prakash was appointed as Director on 23 Aug 2021. Venkatesh Babu Sundaragiri was appointed as Director on 23 Aug 2021. Prime Rigs has 14 board changes on record in total.
Yes, Prime Rigs is registered as a small enterprise under Udyam registration (number: UDYAM-DL-01-0006283).
Prime Rigs can be reached through the website prime-rigs.com. Its registered office is in New Delhi, Delhi, India.