About Proneel Technologies Pvt Ltd
Data last updated:
Proneel Technologies Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 25 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1994PTC022864. Its GSTIN is 24AABCP1807C1Z3 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors Mrugal Dilipbhai Sompura and Rutul Dilipbhai Sompura.
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 18 Panchratan Ind Estate 2 Sarkhej Bavla Road Changodar Taluka Sanand, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.34 Cr. For the same year it recorded a net profit of ₹30,510 (net margin 0.1%) and EBITDA of ₹78.17 Lakh (EBITDA margin 33.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.54 Cr and satisfied charges of ₹12.84 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proneeltechnologies.com.
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- Website
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- Registered Address18 Panchratan Ind Estate 2 Sarkhej Bavla Road Changodar Taluka Sanand, Ahmedabad, Gujarat, India – 382210
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Proneel Technologies Pvt Ltd
The main business activity of Proneel Technologies is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Proneel Technologies Pvt Ltd FY 2024 filings available
Proneel Technologies Pvt Ltd reported revenue of ₹2.34 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Proneel Technologies Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years. EBITDA rose 54% 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 Proneel Technologies Pvt Ltd
| 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 | ₹78.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30,510 | •••• | •••• | •••• | •••• |
| 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 Proneel Technologies Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Proneel Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Proneel Technologies Pvt Ltd
Proneel Technologies Pvt Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manucho Machines Private Limited | ₹2.35 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Bangalore., Karnataka, India |
| MSGN India Private Limited | ₹2.35 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Haveli, Maharashtra, India |
| Turner Tools Private Limited | ₹2.35 Cr (FY 2021) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Narayan Engineering Private Limited | ₹2.35 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Cillian India (OPC) Private Limited | ₹2.34 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| Proneel Technologies Pvt Ltd this company | ₹2.34 Cr (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Jasmine India Pvt Ltd | ₹2.34 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Polyflow Precision Private Limited | ₹2.34 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Belgaum, Karnataka, India |
| Lyncus Precision Technology Private Limited | ₹2.33 Cr (FY 2024) | •••• | •••• | -49.0% | •••• | Vellore, Tamil Nadu, India |
| United Crane Components Private Limited | ₹2.33 Cr (FY 2024) | •••• | •••• | -97.0% | •••• | Pune, Maharashtra, India |
| Capulum Engineering P.Ltd. | ₹2.33 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Proneel Technologies by revenue in the Machinery and Equipment industry (Tools and Components), 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 Proneel Technologies Pvt Ltd
Proneel Technologies Pvt Ltd is audited by RAJIV SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJIV SHAH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Proneel Technologies Pvt Ltd
Proneel Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrugal Dilipbhai Sompura | Director | 01 Apr 2000 | 26 Years 6 Months | Current |
| Rutul Dilipbhai Sompura Also directs: Prograce Technologies Private Limited | Director | 01 Jul 2003 | 23 Years 3 Months | Current |
Ownership and Shareholding of Proneel Technologies Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Proneel Technologies Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2024 | Others | ₹6.54 Cr | Open |
| 27 Oct 2023 | Others | ₹5.33 Cr | Satisfied |
| 13 May 2021 | Yes Bank Limited | ₹2 Cr | Satisfied |
| 29 May 2020 | Bank of India | ₹9.5 Lakh | Satisfied |
| 14 Nov 2019 | Bank of India | ₹95 Lakh | Satisfied |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Proneel Technologies Pvt Ltd
Proneel Technologies Pvt Ltd has a workforce of 17 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Proneel Technologies Pvt Ltd
Proneel Technologies Pvt Ltd has 6 board changes on record since 1994: 4 appointments and 2 cessations. The latest: Dilip Dhanjibhai Sompura ceased to be Managing Director on 18 Oct 2014.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Proneel Technologies Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Proneel Technologies Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Proneel Technologies Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Proneel Technologies Pvt Ltd
Proneel Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCP1807C1Z3 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Proneel Technologies Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Proneel Technologies Pvt Ltd
Proneel Technologies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 25 August 1994 (32+ years old) and is registered under CIN U45201GJ1994PTC022864.
Proneel Technologies reported revenue of ₹2.34 Cr for FY 2024.
Proneel Technologies has 2 current directors:
- Mrugal Dilipbhai Sompura - Director
- Rutul Dilipbhai Sompura - Director
Proneel Technologies reported a net profit of ₹30,510 (net margin 0.1%) and EBITDA of ₹78.17 Lakh (EBITDA margin 33.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Proneel Technologies is 7% over three years and -5% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Proneel Technologies is 24AABCP1807C1Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Proneel Technologies is U45201GJ1994PTC022864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proneel Technologies was incorporated on 25 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Proneel Technologies by revenue are Manucho Machines Private Limited, MSGN India Private Limited, Turner Tools Private Limited, Narayan Engineering Private Limited, Cillian India (OPC) Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Dilip Dhanjibhai Sompura ceased to be Managing Director on 18 Oct 2014. Sunil Dhanjibhai Sompura ceased to be Director on 10 Apr 2012. Rutul Dilipbhai Sompura was appointed as Director on 01 Jul 2003. Proneel Technologies has 6 board changes on record in total.
Proneel Technologies can be reached through the website proneeltechnologies.com. Its registered office is in Ahmedabad, Gujarat, India.