About Propel Industries Private Limited
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Propel Industries Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, a subsidiary of Oriental Plants And Equipments Private Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U29199TZ2009PTC015651. Its GSTIN is 06AAFCP2742L1ZA (Haryana). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹71 Lakh. It is led by directors including Varadharajan Senthilkumar (Managing Director) and Appanayakenpatti Venkataswamynaidu Varadharajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sf No 663 Ravuthur Main Road Ravathur Post, Coimbatore, Tamil Nadu, India – 641103.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,794.14 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹141.96 Cr (net margin 7.9%) and EBITDA of ₹213.9 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 28% over five years.
The company has about 1,136 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Propel Industries. As per MCA filings, the company has open charges of ₹357.4 Cr and satisfied charges of ₹8.12 Cr on record. Court records list 23 cases involving the company, including 8 filed by the company and 15 filed against it; 3 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in September 2017. Its 3 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, 3 larger; the largest is Yokogawa India Limited with revenue of ₹2,194.37 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 73 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propelind.com.
Company details
Contact details
Propel Industries Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is propelind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSf No 663 Ravuthur Main Road Ravathur Post, Coimbatore, Tamil Nadu, India – 641103
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Propel Industries 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
Propel Industries operates one associated brand: Propel Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures crushing, screening, and washing equipment for mining and construction industries. | propelind.com |
Business activity
The main business activity of Propel Industries 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 Industries Private Limited, buy the company report.
Financials of Propel Industries Private Limited
FY 2025 filings availablePropel Industries Private Limited reported revenue of ₹1,794.14 Cr (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 51% growth in the latest year. EBITDA rose 38% 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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| EBITDA | ₹213.9 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹141.96 Cr | ||||
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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 | 11.9% | ||||
| Net Profit Margin | 7.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Propel Industries Private Limited, buy the company report.
Board of directors of Propel Industries Private Limited
Propel Industries has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appanayakenpatti Venkataswamynaidu Varadharajan Also directs: Bull Machines Private Limited, Abhi Spins India Private Limited, Opel Rock Breakers Private Limited and 5 more | Director | 04 Dec 2009 | 16 Years 10 Months | Current |
| Devaraju Vengadesh Also directs: Durarock Products Private Limited | Director | 01 Oct 2022 | 4 Years 0 Months | Current |
| Senthilkumar Vidhya Also directs: Propel Drive Systems LLP, Abhi Spins India Private Limited, Propel E-Mobility Private Limited and 3 more | Director | 05 Dec 2017 | 8 Years 10 Months | Current |
| Harjeet Singh Wahan Also directs: Bull Machines Private Limited, Welker Automation Private Limited | Director | 05 Jun 2023 | 3 Years 4 Months | Current |
| Varadharajan Senthilkumar Also directs: Propel Drive Systems LLP, Abhi Spins India Private Limited, Propel E-Mobility Private Limited and 3 more | Managing Director | 04 Dec 2009 | 16 Years 10 Months | Current |
Peer comparison
Propel Industries Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Yokogawa India Limited | ₹2,194.37 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Perkins India Private Limited | ₹2,177.5 Cr (FY 2025) | 11.0% | Chennai, Tamil Nadu, India | |||
| Triveni Turbine Limited | ₹2,086.84 Cr (FY 2025) | 22.0% | Noida, Uttar Pradesh, India | |||
| Propel Industries Private Limitedthis company | ₹1,794.14 Cr (FY 2025) | ₹141.96 Cr | 7.9% | 51.0% | 1,136 | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Propel Industries Private Limited, buy the company report.
Auditor
Propel Industries Private Limited is audited by VKS AIYER & C0 for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VKS AIYER & C0 | FY 2024 | 0000665 |
Shareholding
The shareholding of Propel Industries Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Propel Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2025 | 101228163 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 02 Apr 2025 | 101084508 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Open | |
| 28 Jun 2024 | 100947494 | Others | ₹100 Cr | Open | |
| 30 Aug 2014 | 10542759 | Hdfc Bank Limited | ₹192.4 Cr | Open | |
| 01 Mar 2023 | 100720118 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Propel Industries Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Propel Industries Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in September 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Aug 2010 | Funding round | ₹70 Lakh | Investors: Oriental Plants and Equipments Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Propel Industries Private Limited has 23 court cases on record: 8 filed by Propel Industries, 15 filed against it. 3 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 9 | 2 |
| District courts | 10 | 6 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Cde Asia Limited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Wam India Pvt. Ltd. THR. Sameer Kishor Bhoir | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed against the company by M/S.Shinde Developers (P) Ltd and 6 others | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed against the company by M/S.Shinde Developers (P) Ltd and 6 others | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Shinde Developers Pvt. Ltd. | Disposed |
To see the full case history of Propel Industries 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
Propel Industries Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 73 overdue payments to 37 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Baroda Hi-Tech Alloys Private Limited | |||
| Titan Paints Private Limited | |||
| Sri Bannare Amman Alloys | |||
| an individual supplier | |||
| Sri Kumaran Alloys Private Limited |
To see the full MSME payment records of Propel Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Propel Industries Private Limited has a workforce of 1,136 employees on its EPFO records as of Dec 11, 2025, across 1 active EPFO establishment.
GST
Propel Industries has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCP2742L1ZA | Haryana | Active | 01 Jul 2017 |
| 29AAFCP2742L1Z2 | Karnataka | Active | 01 Jul 2017 |
| 33AAFCP2742L1ZD | Tamil Nadu | Active | 01 Jul 2017 |
| 08AAFCP2742L1Z6 | Rajasthan | Active | 22 Nov 2018 |
To see the full GST registrations and return filing status of Propel Industries Private Limited, buy the company report.
Recent activity
Propel Industries Private Limited has 6 board changes on record since 2009: 5 appointments and 1 cessation. The latest: Harjeet Singh Wahan was appointed as Director on 05 Jun 2023.
11 earlier events are in the company report.
News
Frequently asked questions
Propel Industries is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 04 December 2009 (17+ years old) and is registered under CIN U29199TZ2009PTC015651.
Propel Industries has 5 current directors:
- Varadharajan Senthilkumar - Managing Director
- Appanayakenpatti Venkataswamynaidu Varadharajan - Director
- Devaraju Vengadesh - Director
- Senthilkumar Vidhya - Director
- Harjeet Singh Wahan - Director
The latest financial statements of Propel Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Propel Industries is 06AAFCP2742L1ZA, registered in Haryana. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAFCP2742L1Z2 (Karnataka), 33AAFCP2742L1ZD (Tamil Nadu), 08AAFCP2742L1Z6 (Rajasthan).
The CIN (Corporate Identification Number) of Propel Industries is U29199TZ2009PTC015651. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propel Industries has 23 court cases on record: 8 filed by the company and 15 filed against it. 3 are pending. Most are in the high courts.
Propel Industries was incorporated on 04 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
Propel Industries has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in September 2017.
The peers of Propel Industries by revenue are Yokogawa India Limited, Perkins India Private Limited, Triveni Turbine Limited, 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).
Harjeet Singh Wahan was appointed as Director on 05 Jun 2023. Devaraju Vengadesh was appointed as Director on 01 Oct 2022. Ranganathan Saravanan ceased to be Director on 05 Dec 2017. Propel Industries has 6 board changes on record in total.
Propel Industries has 2 MSME Form 1 returns on record between 2022 and 2023, listing 73 overdue payments to 37 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Propel Industries can be reached through the website propelind.com. Its registered office is in Coimbatore, Tamil Nadu, India.