About Promptec Renewable Energy Solutions Private Limited
Data last updated:
Promptec Renewable Energy Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Havells India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 04 September 2008.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U40108KA2008PTC047683. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3.55 Cr and a paid-up capital of ₹2.64 Cr. It was led by directors including Surjit Kumar Gupta and Ameet Kumar Gupta.
Its last annual general meeting (AGM) was held on 23 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Shibrafarms Nagasandramainroad8Thmile Tumkurroad, Bangalore, Karnataka, India – 560073.
As per the financials filed for FY 2019, the company reported a revenue of ₹24.4 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹4.2 Cr (net margin -17.2%) and EBITDA of -₹7.65 Cr (EBITDA margin -31.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 6% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Promptec Renewable Energy Solutions. As per MCA filings, the company had satisfied charges of ₹44.25 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹33.8 Cr; the latest was in August 2018.
The last known website on record is promptec.in.
Company details
Contact details
Promptec Renewable Energy Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is promptec.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShibrafarms Nagasandramainroad8Thmile Tumkurroad, Bangalore, Karnataka, India – 560073
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Promptec Renewable Energy Solutions Private Limited, buy the company report.
- 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
Brands
Promptec Renewable Energy Solutions operates one associated brand: Promptec Renewable Energy Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| LED lighting is manufactured for renewable energy applications. | promptec.in |
Business activity
The main business activity of Promptec Renewable Energy Solutions 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 Promptec Renewable Energy Solutions Private Limited, buy the company report.
Financials of Promptec Renewable Energy Solutions Private Limited
FY 2019 filings availablePromptec Renewable Energy Solutions Private Limited reported revenue of ₹24.4 Cr (down 56% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 56% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 592% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹7.65 Cr | ||||
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| Net Profit (PAT) | -₹4.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -31.4% | ||||
| Net Profit Margin | -17.2% | ||||
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To see the full financial statements and ratios of Promptec Renewable Energy Solutions Private Limited, buy the company report.
Board of directors of Promptec Renewable Energy Solutions Private Limited
Promptec Renewable Energy Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surjit Kumar Gupta Also directs: Havells India Limited, QRG Enterprises Limited., QRG Investments and Holdings Limited and 1 more | Director | 03 Jul 2018 | 8 Years 3 Months | As last reported |
| Ameet Kumar Gupta Also directs: Havells India Limited, QRG Enterprises Limited., QRG Investments and Holdings Limited and 2 more | Director | 15 May 2015 | 11 Years 5 Months | As last reported |
| Rajiv Goel Also directs: Aartas Care Private Limited | Director | 15 May 2015 | 11 Years 5 Months | As last reported |
Auditor
Promptec Renewable Energy Solutions Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2018 | 301003E/E300005 |
Shareholding
The shareholding of Promptec Renewable Energy Solutions Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Promptec Renewable Energy Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2015 | 10594419 | Yes Bank Limited | ₹35 Cr | Satisfied | |
| 26 Dec 2012 | 10402415 | Small Industries Development Bank of India | ₹2 Cr | Satisfied | |
| 19 Aug 2009 | 10172431 | Small Industries Development Bank of India | ₹25 Lakh | Satisfied | |
| 15 Jun 2009 | 10162656 | State Bank of Mysore | ₹7 Cr | Satisfied |
To see the full charge records of Promptec Renewable Energy Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Promptec Renewable Energy Solutions Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹33.8 Cr; the latest was in August 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Havells India Limited Seller: 2 individuals |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Havells India Limited Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2011 | Funding round · Series A | ₹2 Cr | Investors: Blume Ventures, an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
To see the full deal history of Promptec Renewable Energy Solutions Private 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
Promptec Renewable Energy Solutions Private Limited has 2 court cases on record: 2 filed by Promptec Renewable Energy Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Sanson SM Technologies Pvt Ltd and Ors | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Rashmi Industries | Disposed |
To see the full case history of Promptec Renewable Energy Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Promptec Renewable Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Promptec Renewable Energy Solutions Private Limited has a workforce of 8 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Promptec Renewable Energy Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Promptec Renewable Energy Solutions Private Limited, buy the company report.
Recent activity
Promptec Renewable Energy Solutions Private Limited has 12 board changes on record since 2014: 3 appointments and 9 cessations. The latest: Surjit Kumar Gupta ceased to be Additional Director on 25 Sep 2018.
13 earlier events are in the company report.
Frequently asked questions
Promptec Renewable Energy Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Promptec Renewable Energy Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 04 September 2008 and is registered under CIN U40108KA2008PTC047683. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Promptec Renewable Energy Solutions was incorporated on 04 September 2008. It is registered with the Registrar of Companies, Bangalore.
Promptec Renewable Energy Solutions had 3 directors:
- Surjit Kumar Gupta - Director
- Ameet Kumar Gupta - Director
- Rajiv Goel - Director
The CIN (Corporate Identification Number) of Promptec Renewable Energy Solutions is U40108KA2008PTC047683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Promptec Renewable Energy Solutions is at Shibrafarms Nagasandramainroad8Thmile Tumkurroad, Bangalore, Karnataka, India – 560073.
Promptec Renewable Energy Solutions can be reached through the website promptec.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Promptec Renewable Energy Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 September 2019. Year-wise statements from 2015 are in the company report.
No. Promptec Renewable Energy Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
Promptec Renewable Energy Solutions operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
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