MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0143387
Promas Engineers Private Limited - machinery and equipment in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.6 Cr
▲ 17% YoY
Net profit · FY 2025
₹90.28 Lakh
Net margin 7.2%
EBITDA · FY 2025
₹2.16 Cr
EBITDA margin 17.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹74.83 Lakh
Issued & subscribed
Open charges
₹37.87 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
3
As per MCA filings
About Promas Engineers Private Limited
Data last updated:
Promas Engineers Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 02 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH2005PTC151708. Its GSTIN is 27AADCP5378C1ZD (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹74.83 Lakh. It is led by directors including Vandana Balasaheb Gatkal and Akshay Anilkumar Aher.
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 Promas House Plot No. R – 967 Ttc Industrial Area MIDC Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.6 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹90.28 Lakh (net margin 7.2%) and EBITDA of ₹2.16 Cr (EBITDA margin 17.1%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹37.87 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹78.8 Lakh; the latest was in June 2018. Its 4 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 3 smaller; the largest is Basant Fibertek Private Limited with revenue of ₹12.62 Cr.
Promas Engineers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0143387). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website promasengineers.com.
Company details
CIN U29100MH2005PTC151708
Registration Number 151708
Incorporation Date 02 March 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0143387
Key People
Vandana Balasaheb Gatkal Director Akshay Anilkumar Aher Director Balasaheb Babanrao Gatkal Director Recognitions & Rankings of Promas Engineers
Contact details
Promas Engineers Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is promasengineers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPromas House Plot No. R – 967 Ttc Industrial Area MIDC Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Promas Engineers Private Limited, buy the company report.
Comprehensive company report
Promas Engineers Private 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 Promas Engineers 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 Promas Engineers Private Limited, buy the company report.
Financials of Promas Engineers Private Limited
FY 2024 filings availablePromas Engineers Private Limited reported revenue of ₹12.6 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹12.6 Cr ▲ 17%
Net profit · FY 2025
₹90.28 Lakh margin 7.2%
EBITDA · FY 2025
₹2.16 Cr margin 17.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 17%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 5%
5 years · compounded
▼ 3%
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 1% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹90.28 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.1% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Promas Engineers Private Limited, buy the company report.
Board of directors of Promas Engineers Private Limited
Promas Engineers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandana Balasaheb Gatkal | Director | 02 Mar 2005 | 21 Years 7 Months | Current |
| Akshay Anilkumar Aher | Director | 17 Oct 2015 | 11 Years 0 Months | Current |
| Balasaheb Babanrao Gatkal | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
Peer comparison
Promas Engineers Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products 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 |
|---|---|---|---|---|---|---|
| Basant Fibertek Private Limited | ₹12.62 Cr (FY 2025) | -9.0% | Kolkata, West Bengal, India | |||
| Promas Engineers Private Limitedthis company | ₹12.6 Cr (FY 2025) | ₹90.28 Lakh | 7.2% | 17.0% | Navi Mumbai, Maharashtra, India | |
| Ashvini Magnets Private Limited | ₹12.59 Cr (FY 2025) | -14.0% | Pune, Maharashtra, India | |||
| Megatech International Private Limited | ₹12.58 Cr (FY 2024) | 2.0% | Alwar, Rajasthan, India | |||
| Silverline Metal Engineering P Ltd | ₹12.58 Cr (FY 2024) | 16.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Promas Engineers Private Limited, buy the company report.
Auditor
Promas Engineers Private Limited is audited by Anshani & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anshani & Associates | FY 2023 | 141743W |
Shareholding
The shareholding of Promas Engineers Private 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 Promas Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2011 | 10305443 | Indian Overseas Bank | ₹12.32 Cr | Open | |
| 23 Mar 2007 | 10045638 | Indian Overseas Bank | ₹10.6 Cr | Open | |
| 12 May 2006 | 10003662 | Indian Overseas Bank | ₹14.95 Cr | Open |
To see the full charge records of Promas Engineers Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Promas Engineers Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹78.8 Lakh; the latest was in June 2018.
Total deals
4
Funding rounds
4
Disclosed funding
₹78.8 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Funding round | ₹29.8 Lakh | Investors: 2 individuals |
| Aug 2010 | Funding round | ₹31.2 Lakh | Investors: 4 individuals |
| Mar 2010 | Funding round | ₹13.8 Lakh | Investors: 4 individuals |
| Jul 2008 | Funding round | ₹4 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Promas Engineers Private Limited has 6 court cases on record: 4 filed by Promas Engineers, 2 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 2 | 1 | 1 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed by the company against Bowman and Archer Pharma Machines (India) Pvt. Ltd. and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Rakesh Ranmalji Sanghvi Sole Proprietor of Kapil Industries | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Maharashtra Industrial Development Corporation (Midc) and Ors and 2 others | Pending |
| Bombay High Court | Court case (NMCA) | Filed against the company by M/S. Aquaon Engineers and 2 Ors. | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against individuals | Disposed |
To see the full case history of Promas Engineers 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.
Credit ratings & regulatory alerts
Promas Engineers Private Limited was last rated by Crisil on 15 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Apr 2020 |
To see the full credit ratings and regulatory alerts of Promas Engineers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Promas Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promas Engineers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP5378C1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Promas Engineers Private Limited, buy the company report.
Recent activity
Promas Engineers Private Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: James Martin Pareira ceased to be Director on 28 Oct 2016.
AGM
Promas Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Promas Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Indian Overseas Bank of Rs. 14.95 Cr registered on 12 May 2006 with Charge ID 10003662 was modified on 16 Dec 2022.
Ceased
James Martin Pareira ceased to be Director.
Ceased
Mary Magdaline Pereira ceased to be Director.
Charges
A charge with Indian Overseas Bank of Rs. 12.32 Cr registered on 23 Jul 2011 with Charge ID 10305443 was modified on 24 Oct 2016.
Ceased
Akshay Anilkumar Aher ceased to be Additional Director.
Appointed
Akshay Anilkumar Aher was appointed as Director.
Charges
A charge with Indian Overseas Bank of Rs. 10.60 Cr registered on 23 Mar 2007 with Charge ID 10045638 was modified on 12 Sep 2013.
Charges
A charge with Indian Overseas Bank amounted to Rs. 12.32 Cr with Charge ID 10305443 was registered on 23 Jul 2011.
Ceased
Sunil Sudhakar Shinde ceased to be Director.
Ceased
Balasaheb Babanrao Gatkal ceased to be Additional Director.
5 earlier events are in the company report.
Frequently asked questions
Promas Engineers is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 02 March 2005 (21+ years old) and is registered under CIN U29100MH2005PTC151708.
Promas Engineers has 3 current directors:
- Vandana Balasaheb Gatkal - Director
- Akshay Anilkumar Aher - Director
- Balasaheb Babanrao Gatkal - Director
The latest financial statements of Promas Engineers 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 Promas Engineers is 27AADCP5378C1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Promas Engineers is U29100MH2005PTC151708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promas Engineers has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Promas Engineers was incorporated on 02 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Promas Engineers has 4 deals on record (4 funding rounds), with disclosed funding of ₹78.8 Lakh; the latest was in June 2018.
The peers of Promas Engineers by revenue are Basant Fibertek Private Limited, Ashvini Magnets Private Limited, Megatech International Private Limited, Silverline Metal Engineering P Ltd, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
James Martin Pareira ceased to be Director on 28 Oct 2016. Mary Magdaline Pereira ceased to be Director on 28 Oct 2016. Akshay Anilkumar Aher ceased to be Additional Director on 30 Sep 2016. Promas Engineers has 8 board changes on record in total.
Yes, Promas Engineers is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0143387).