MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0240663
Propel Indenergy Solutions Private Limited - automotive in Murbad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.71 Cr
▲ 104% YoY
Net profit · FY 2024
₹5.37 Cr
Net margin 113.9%
EBITDA · FY 2024
₹8.2 Cr
EBITDA margin 174%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹3.45 Cr
Issued & subscribed
Satisfied charges
₹20.41 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
1
Provident fund records
About Propel Indenergy Solutions Private Limited
Data last updated:
Propel Indenergy Solutions Private Limited is a private limited company based in Murbad, Maharashtra, India, a subsidiary of Propel Power Systems Private Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 12 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31101MH1999PTC120761. Its GSTIN is 27AAACE7840F2ZP (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.45 Cr. It was formerly known as Eram Engineers Private Limited. It is led by directors including Raveesh Mishra and Jageshwar Agnihotri.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No H – 15 Addl MIDC, Murbad, Maharashtra, India – 421401.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.71 Cr, a growth of 104% compared to the previous year. For the same year it recorded a net profit of ₹5.37 Cr (net margin 113.9%) and EBITDA of ₹8.2 Cr (EBITDA margin 174%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 24% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹20.41 Cr on record. Court records list 21 cases involving the company, including 21 filed against it; 1 case is pending.
Propel Indenergy Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0240663). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propelsystech.com.
Company details
CIN U31101MH1999PTC120761
Registration Number 120761
Incorporation Date 12 July 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Propel Power Systems Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0240663
Recognitions & Rankings of Propel Indenergy Solutions
Contact details
Propel Indenergy Solutions Private Limited's registered office is in Murbad, Maharashtra. Its website is propelsystech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No H – 15 Addl MIDC, Murbad, Maharashtra, India – 421401
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Propel Indenergy Solutions Private Limited, buy the company report.
Comprehensive company report
Propel Indenergy Solutions 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 Propel Indenergy 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 Propel Indenergy Solutions Private Limited, buy the company report.
Financials of Propel Indenergy Solutions Private Limited
FY 2025 filings availablePropel Indenergy Solutions Private Limited reported revenue of ₹4.71 Cr (up 104% YoY) for FY 2024.
Revenue · FY 2024
₹4.71 Cr ▲ 104%
Net profit · FY 2024
₹5.37 Cr margin 113.9%
EBITDA · FY 2024
₹8.2 Cr margin 174%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 104%
3 years · compounded
▼ 17%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▲ 330%
3 years · compounded
▲ 85%
5 years · compounded
▲ 65%
Revenue rose 104% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA rose 330% 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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| EBITDA | ₹8.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.37 Cr | ||||
| 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 | 174% | ||||
| Net Profit Margin | 113.9% | ||||
| 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 Propel Indenergy Solutions Private Limited, buy the company report.
Board of directors of Propel Indenergy Solutions Private Limited
Propel Indenergy Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raveesh Mishra | Director | 20 Aug 2020 | 6 Years 2 Months | Current |
| Jageshwar Agnihotri Also directs: Propel Power Systems Private Limited | Director | 20 Jul 2016 | 10 Years 3 Months | Current |
| Rajesh Kumar | Director | 26 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Propel Indenergy Solutions Private Limited is audited by SAHIL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAHIL & ASSOCIATES | FY 2020 | 025220N |
Shareholding
The shareholding of Propel Indenergy Solutions Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Propel Indenergy Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹20.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2017 | 100106245 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 27 Apr 2012 | 10355935 | Dombivli Nagri Sahakari Bank Ltd. | ₹20 Lakh | Satisfied | |
| 18 Apr 2012 | 10355941 | Dombivli Nagri Sahakari Bank Ltd. | ₹70 Lakh | Satisfied | |
| 27 Mar 2012 | 10356333 | Dombivli Nagri Sahakari Bank Ltd. | ₹20 Lakh | Satisfied | |
| 19 Mar 2012 | 10374090 | Dombivli Nagri Sahakari Bank Ltd. | ₹3.3 Cr | Satisfied |
To see the full charge records of Propel Indenergy Solutions Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Propel Indenergy Solutions Private Limited has 21 court cases on record: 21 filed against it. 1 case is pending and 20 are disposed.
Total cases
21
Filed against the company
21
Pending
1
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Trans Generators Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Green Power International Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SS) | Filed against the company by Kateeleshwari Developers Pvt Ltd | Disposed |
| District court, East, Delhi | Criminal case | Filed against the company by Green Power International Pvt. Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Kateeleshwari Developers Pvt Ltd | Disposed |
To see the full case history of Propel Indenergy 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 Propel Indenergy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Propel Indenergy Solutions has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sirius Gastech Private Limited | U74999DL2018PTC339237 |
To see the full group structure of Propel Indenergy Solutions Private Limited, buy the company report.
Employees & EPFO
Propel Indenergy Solutions Private Limited has a workforce of 1 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-66.67%
GST
Propel Indenergy Solutions has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE7840F2ZP | Maharashtra | Active | 01 Jul 2017 |
| 09AAACE7840F1ZO | Uttar Pradesh | Active | 12 Jan 2018 |
| 19AAACE7840F1ZN | West Bengal | Active | 24 Jan 2019 |
To see the full GST registrations and return filing status of Propel Indenergy Solutions Private Limited, buy the company report.
Recent activity
Propel Indenergy Solutions Private Limited has 10 board changes on record since 2016: 3 appointments and 7 cessations. The latest: Rajesh Kumar ceased to be Additional Director on 25 Sep 2021.
AGM
Propel Indenergy Solutions Private Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Filing
Propel Indenergy Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 09 May 2017 via Charge ID 100106245 with Hdfc Bank Limited was fully satisfied on 17 May 2023.
Ceased
Rajesh Kumar ceased to be Additional Director.
Appointed
Rajesh Kumar was appointed as Director.
Ceased
Mohammed Qamar Khan ceased to be Director.
Ceased
Raveesh Mishra ceased to be Additional Director.
Appointed
Raveesh Mishra was appointed as Director.
Ceased
Anirudha Gupta ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 10.00 Cr registered on 09 May 2017 with Charge ID 100106245 was modified on 16 Nov 2017.
Ceased
Jageshwar Agnihotri ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100106245 was registered on 09 May 2017.
29 earlier events are in the company report.
Frequently asked questions
Propel Indenergy Solutions is an active private limited company based in Murbad, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 12 July 1999 (27+ years old) and is registered under CIN U31101MH1999PTC120761.
Propel Indenergy Solutions has 3 current directors:
- Raveesh Mishra - Director
- Jageshwar Agnihotri - Director
- Rajesh Kumar - Director
The latest financial statements of Propel Indenergy Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Propel Indenergy Solutions is 27AAACE7840F2ZP, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACE7840F1ZO (Uttar Pradesh), 19AAACE7840F1ZN (West Bengal).
The CIN (Corporate Identification Number) of Propel Indenergy Solutions is U31101MH1999PTC120761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propel Indenergy Solutions has 21 court cases on record: 21 filed against it. 1 is pending.
Propel Indenergy Solutions was incorporated on 12 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Rajesh Kumar ceased to be Additional Director on 25 Sep 2021. Rajesh Kumar was appointed as Director on 26 Jul 2021. Mohammed Qamar Khan ceased to be Director on 05 Mar 2021. Propel Indenergy Solutions has 10 board changes on record in total.
Yes, Propel Indenergy Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0240663).
Propel Indenergy Solutions can be reached through the website propelsystech.com. Its registered office is in Murbad, Maharashtra, India.
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