Propel Industries Private Limited - Company Profile

It is a machinery and equipment private limited company based in Coimbatore, Tamil Nadu, India, established in 2009.

2009 Coimbatore, Tamil Nadu, India Active

Last Updated: February 06, 2026

About Propel Industries Private Limited

Propel Industries Private Limited, a active private limited company, was established on 04 December 2009 in Coimbatore, Tamil Nadu, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U29199TZ2009PTC015651. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹7.10 M.

It upholds a compliant status. Employing 1,136 professional, Its leadership includes Appanayakenpatti Venkataswamynaidu Varadharajan (Director), Devaraju Vengadesh (Director), Senthilkumar Vidhya (Director). Past directors included Devaraju Vengadesh, Ranganathan Saravanan, Senthilkumar Vidhya. It holds ₹318.40 Cr open charges and ₹7.12 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Sf No 663, Ravuthur Main Road Ravathur Post, Coimbatore, Tamil Nadu, 641103.

Company Details

CIN/LLPIN
U29199TZ2009PTC015651
Registration Number
015651
Incorporation Date
04 December 2009
Authorized Capital
₹1.00 Cr
Paid-Up Capital
₹7.10 M
ROC Code
Roc Coimbatore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.00 Cr as on 06-02-2026
Paid Up Capital ₹ 7.10 M as on 06-02-2026
Company Age 16 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 318.40 Cr as on 06-02-2026
Satisfied Charges ₹ 7.12 Cr as on 06-02-2026
Revenue Growth **** 23.59% (FY 2024)
Profit Growth **** 15.36% (FY 2024)
Ebitda **** 4.43% (FY 2024)
Net Worth 30.52% (FY 2024)
Total Assets **** 37.09% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Propel Industries Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Propel Industries Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Appanayakenpatti Venkataswamynaidu Varadharajan	Director	04 Dec 2009	Current
Devaraju Vengadesh	Director	01 Oct 2022	Current
Senthilkumar Vidhya	Director	05 Dec 2017	Current
Harjeet Singh Wahan	Director	05 Jun 2023	Current
Varadharajan Senthilkumar	Managing Director	04 Dec 2009	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	30 Nov 2023	Past
Pramod Abcsdd	Director	05 Dec 2017	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past
Pramod Abcsdd	Additional Director	20 Sep 2023	Past
Pramod Abcsdd	Director	20 Jan 2012	Past

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Financial Performance of Propel Industries.

Propel Industries Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 23.59% increase. The company also saw a substantial improvement in profitability, with a 15.36% increase in profit. The company's net worth Soared by an impressive increase of 30.52%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

23.59%

*******

Revenue from Operations

*******

22.19%

*******

Total Assets

*******

37.09%

*******

Profit or Loss

*******

15.36%

*******

Net Worth

*******

30.52%

*******

EBITDA

*******

4.43%

*******

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What is the Ownership and Shareholding Structure of Propel Industries?

In 2024, Propel Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹3,183,994,000.00

Satisfied Charges

₹71,200,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 192.40 Cr
Others : 100.00 Cr
The Hongkong And Shanghai Banking Corporation Limited : 25.00 Cr
Axis Bank Limited : 1.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
02 Apr 2025	The Hongkong And Shanghai Banking Corporation Limited	₹25.00 Cr	Open
28 Jun 2024	Others	₹100.00 Cr	Open
01 Mar 2023	Axis Bank Limited	₹1.00 Cr	Open
30 Aug 2014	Hdfc Bank Limited	₹192.40 Cr	Open
03 Feb 2021	Axis Bank Limited	₹1.00 Cr	Satisfied

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How Many Employees Work at Propel Industries?

Propel Industries has a workforce of 1136 employees as of Dec 11, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Propel Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Propel Industries's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Propel Industries

Recent Activity within the Organization

Charges

A charge with Hdfc Bank Limited of Rs. 192.40 Cr registered on 30 Aug 2014 with Charge ID 10542759 was modified on 09 Dec 2025. was recorded as a recent event.
09 Dec 2025
Annual General Meeting

Propel Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Charges

Progress on A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 25.00 Cr with Charge ID 101084508 was registered on 02 Apr 2025. was documented.
02 Apr 2025
Balance Sheet

Propel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore. was recorded as a recent event.
31 Mar 2025
Charges

Progress on A charge with Others of Rs. 100.00 Cr registered on 28 Jun 2024 with Charge ID 100947494 was modified on 31 Dec 2024. was documented.
31 Dec 2024
Charges

A charge registered on 03 Feb 2021 via Charge ID 100417216 with Axis Bank Limited was fully satisfied on 23 Sep 2024. was recorded as a recent event.
23 Sep 2024

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