MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-09-0000114
Proec Energy Limited - chemicals and materials in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹377.57 Cr
▲ 9% YoY
Net profit · FY 2024
₹59.05 Cr
Net margin 15.6%
EBITDA · FY 2024
₹96.52 Cr
EBITDA margin 25.6%
Authorised capital
₹2.24 Cr
Registered with MCA
Paid-up capital
₹1.87 Cr
Issued & subscribed
Open charges
₹26.58 Cr
Satisfied ₹52.15 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
139
Provident fund records
About Proec Energy Limited
Data last updated:
Proec Energy Limited is a public limited company based in New Delhi, Delhi, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 05 January 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PLC051578. Its GSTIN is 07AAACN0312K2ZU (Delhi). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹2.24 Cr and a paid-up capital of ₹1.87 Cr. It is led by directors including Manav Modi (Managing Director) and Jigarkumar Shashikant Patel (Whole-Time Director).
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 A – 60 First And Second Floor Fiee Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2024, the company reported a revenue of ₹377.57 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹59.05 Cr (net margin 15.6%) and EBITDA of ₹96.52 Cr (EBITDA margin 25.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 16% over five years.
The company has about 139 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Proec Energy. As per MCA filings, the company has open charges of ₹26.58 Cr and satisfied charges of ₹52.15 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 2 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹88 Lakh; the latest was in February 2018. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Myk Arment Private Limited with revenue of ₹391.2 Cr.
Proec Energy Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-09-0000114). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proecenergy.com.
Company details
CIN U74899DL1993PLC051578
Registration Number 051578
Incorporation Date 05 January 1993
ROC Delhi
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-DL-09-0000114
Key People
Manav Modi Managing Director Jigarkumar Shashikant Patel Whole-Time Director Arvind Kumar Sharma Director Recognitions & Rankings of Proec Energy
Contact details
Proec Energy Limited's registered office is in New Delhi, Delhi. Its website is proecenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 60 First And Second Floor Fiee Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Proec Energy Limited, buy the company report.
Comprehensive company report
Proec Energy 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
Proec Energy operates one associated brand: Proec Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply of oilfield chemicals for oil and gas, mining, and related industries. | proecenergy.com |
Business activity
The main business activity of Proec Energy is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Proec Energy Limited, buy the company report.
Financials of Proec Energy Limited
FY 2024 filings availableProec Energy Limited reported revenue of ₹377.57 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹377.57 Cr ▲ 9%
Net profit · FY 2024
₹59.05 Cr margin 15.6%
EBITDA · FY 2024
₹96.52 Cr margin 25.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 38%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 44%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 9% growth in the latest year. EBITDA rose 50% 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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| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹96.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 25.6% | ||||
| Net Profit Margin | 15.6% | ||||
| 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 Proec Energy Limited, buy the company report.
Board of directors of Proec Energy Limited
Proec Energy has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manav Modi | Managing Director | 26 Apr 2005 | 21 Years 6 Months | Current |
| Arvind Kumar Sharma | Director | 06 Oct 2021 | 5 Years 0 Months | Current |
| Sandeep Kumar Also directs: Proec Private Limited, Spectra & Star Convergence Limited | Director | 23 Dec 2016 | 9 Years 10 Months | Current |
| Sanjay Gupta Also directs: Haryana Distillery Limited, Macl Securities & Finance Limited | Director | 26 Apr 2005 | 21 Years 6 Months | Current |
| Jigarkumar Shashikant Patel | Whole-Time Director | 04 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Proec Energy Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Myk Arment Private Limited | ₹391.2 Cr (FY 2024) | 26.0% | Hyderabad, Telangana, India | |||
| Kusa Chemicals Private Limited | ₹387.6 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Tatva Chintan Pharma Chem Limited | ₹385.03 Cr (FY 2025) | -4.0% | Ankleshwar, Gujarat, India | |||
| Vikas Ecotech Limited | ₹383.85 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Proec Energy Limitedthis company | ₹377.57 Cr (FY 2024) | ₹59.05 Cr | 15.6% | 9.0% | 139 | New Delhi, Delhi, India |
| Lord India Private Limited | ₹376.57 Cr (FY 2025) | 16.0% | Nashik, Maharashtra, India | |||
| Ganesh Polychem Limited | ₹371.93 Cr (FY 2022) | 39.0% | Mumbai, Maharashtra, India | |||
| Supreet Chemicals Limited | ₹369.15 Cr (FY 2025) | 52.0% | Pardi, Gujarat, India | |||
| Sunshield Chemicals Limited | ₹368.94 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Vishnu Barium Private Limited | ₹359.17 Cr (FY 2025) | 65.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Proec Energy Limited, buy the company report.
Auditor
Proec Energy Limited is audited by R.Gopal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.Gopal & Associates | FY 2023 | FRN000846C |
Shareholding
The shareholding of Proec Energy 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 Proec Energy Limited, buy the company report.
Charges & borrowings
Open charges
₹26.58 Cr
Satisfied charges
₹52.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2025 | 101061752 | Others | ₹70 Lakh | Open | |
| 21 Jan 2023 | 100701654 | Others | ₹87.5 Lakh | Open | |
| 30 Sep 2020 | 100386105 | Others | ₹25 Cr | Open | |
| 28 Jun 2024 | 100942826 | Others | ₹7 Cr | Satisfied | |
| 13 Apr 2022 | 100566109 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Proec Energy Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Proec Energy Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹88 Lakh; the latest was in February 2018.
Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹88 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹88 Lakh | Investors: Matina Enterprises Private Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Anupam Securities Private Limited , Comshare Investment Private Limited, 2 individuals |
To see the full deal history of Proec Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Proec Energy Limited has 9 court cases on record: 7 filed by Proec Energy, 2 filed against it. 2 cases are pending and 7 are disposed.
Total cases
9
Filed by the company
7
Filed against the company
2
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, RAJASTHAN | Writ petition | Filed by the company against Rajasthan Renewable Energy Corporation Limited and 6 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Raj Process Equipments and Systems Pvt.Ltd., Through Vijayraj Vasant Pise | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Neelachal Sports Foundation Trust | Pending |
| High Court, RAJASTHAN | Interim or miscellaneous application | Filed by the company against The State of Rajasthan | Pending |
| High Court, RAJASTHAN | Writ petition | Filed by the company against The State of Rajasthan and 4 others | Disposed |
To see the full case history of Proec Energy 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.
Credit ratings & regulatory alerts
Proec Energy Limited was last rated by Crisil on 07 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Jan 2020 |
To see the full credit ratings and regulatory alerts of Proec Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Proec Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Proec Energy has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Proec Private Limited | U24290DL2020PTC363338 | |
| Peony Infotech Private Limited | U72200DL2018PTC327862 |
To see the full group structure of Proec Energy Limited, buy the company report.
Employees & EPFO
Proec Energy Limited has a workforce of 139 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
139
Active EPFO establishments
2
Employee growth
-0.71%
GST
Proec Energy has 9 GST registrations: 4 active and 5 cancelled or inactive.
Total GSTINs
9
Active
4
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACN0312K2ZU | Delhi | Active | 01 Jul 2017 |
| 07AAACN0312K3ZT | Delhi | Active | 27 Mar 2025 |
| 08AAACN0312K1ZT | Rajasthan | Active | 01 Jul 2017 |
| 24AAACN0312K2ZY | Gujarat | Active | 15 Apr 2025 |
To see the full GST registrations and return filing status of Proec Energy Limited, buy the company report.
Recent activity
Proec Energy Limited has 12 board changes on record since 2005: 5 appointments and 7 cessations. The latest: Jigarkumar Shashikant Patel was appointed as Whole-Time Director on 04 Jul 2025.
Charges
A charge with Others of Rs. 25.00 Cr registered on 30 Sep 2020 with Charge ID 100386105 was modified on 03 Dec 2025.
Charges
A charge registered on 28 Jun 2024 via Charge ID 100942826 with Others was fully satisfied on 14 Jul 2025.
Charges
A charge registered on 13 Apr 2022 via Charge ID 100566109 with Others was fully satisfied on 14 Jul 2025.
Appointed
Jigarkumar Shashikant Patel was appointed as Whole-Time Director.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 101061752 was registered on 26 Feb 2025.
AGM
Proec Energy Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100942826 was registered on 28 Jun 2024.
Filing
Proec Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others of Rs. 10.00 Cr registered on 13 Apr 2022 with Charge ID 100566109 was modified on 22 Feb 2023.
Charges
A charge registered on 20 Dec 2019 via Charge ID 100315164 with Others was fully satisfied on 25 Jan 2023.
Charges
A charge with Others amounted to Rs. 0.88 Cr with Charge ID 100701654 was registered on 21 Jan 2023.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100566109 was registered on 13 Apr 2022.
23 earlier events are in the company report.
Frequently asked questions
Proec Energy is an active public limited company based in New Delhi, Delhi, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 05 January 1993 (33+ years old) and is registered under CIN U74899DL1993PLC051578.
Proec Energy has 5 current directors:
- Manav Modi - Managing Director
- Jigarkumar Shashikant Patel - Whole-Time Director
- Arvind Kumar Sharma - Director
- Sandeep Kumar - Director
- Sanjay Gupta - Director
The latest financial statements of Proec Energy 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 Proec Energy is 07AAACN0312K2ZU, registered in Delhi. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 07AAACN0312K3ZT (Delhi), 08AAACN0312K1ZT (Rajasthan), 24AAACN0312K2ZY (Gujarat).
The CIN (Corporate Identification Number) of Proec Energy is U74899DL1993PLC051578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proec Energy has 9 court cases on record: 7 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Proec Energy was incorporated on 05 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
Proec Energy has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹88 Lakh; the latest was in February 2018.
The peers of Proec Energy by revenue are Myk Arment Private Limited, Kusa Chemicals Private Limited, Tatva Chintan Pharma Chem Limited, Vikas Ecotech Limited, Lord India Private Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jigarkumar Shashikant Patel was appointed as Whole-Time Director on 04 Jul 2025. Arvind Kumar Sharma ceased to be Additional Director on 30 Nov 2021. Chhote Lal Saini ceased to be Director on 25 Oct 2021. Proec Energy has 12 board changes on record in total.
Yes, Proec Energy is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-09-0000114).
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