Prowis Products Limited
About Prowis Products Limited
Data last updated:
Prowis Products Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 10 April 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U23200MH1996PLC098745. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹2 Cr. It was led by directors including Surendra Ajitsinh Asher and Yogin Laxmidas Porecha.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 5/7 Syed Mukri Streetmasjid Bandar, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2020, the company reported a revenue of ₹29,367, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹68.96 Lakh and EBITDA of -₹69.25 Lakh.
As per MCA filings, the company had satisfied charges of ₹4.3 Cr on record. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹1.94 Cr; the latest was in September 2014. Its 10 peer companies in the Chemicals industry (Petrochemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Pradhan Petro Products Private Limited with revenue of ₹12.93 Lakh.
Company details
CIN history
Prowis Products has one previous CIN (Corporate Identification Number): L23200MH1996PLC098745. The current CIN is U23200MH1996PLC098745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23200MH1996PLC098745 | Current |
| L23200MH1996PLC098745 | Previous |
Contact details
Prowis Products Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5/7 Syed Mukri Streetmasjid Bandar, Mumbai, Maharashtra, India – 400009
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Prowis Products 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
Financials of Prowis Products Limited
FY 2020 filings availableProwis Products Limited reported revenue of ₹29,367 (down 98% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29,367 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹69.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.96 Lakh | ||||
| 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Prowis Products Limited, buy the company report.
Board of directors of Prowis Products Limited
Prowis Products has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Ajitsinh Asher Also directs: Jayas Ventures Private Limited | Director | 10 Apr 1996 | 30 Years 6 Months | As last reported |
| Yogin Laxmidas Porecha | Director | 10 Apr 1996 | 30 Years 6 Months | As last reported |
| Rajesh Chandrakant Anjaria | Director | 01 Dec 1997 | 28 Years 10 Months | As last reported |
| Uday Jaswantsinh Nanavati | Director | 10 Apr 1996 | 30 Years 6 Months | As last reported |
| Nalin Jaswantsinh Nanavati | Director | 01 Dec 1997 | 28 Years 10 Months | As last reported |
| Viren Bipin Nanavati Also directs: Lex Carta Private Limited | Director | 01 Dec 1997 | 28 Years 10 Months | As last reported |
Peer comparison
Prowis Products Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Petrochemicals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pradhan Petro Products Private Limited | ₹12.93 Lakh (FY 2024) | Lavera Baori, Rajasthan, India | ||||
| Coolcent Coolants Pvt Ltd | ₹12.86 Lakh (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Trichy Chemicals Private Limited | ₹12.83 Lakh (FY 2016) | 4364.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Advanced Laser Systtems Limited | ₹12.78 Lakh (FY 2018) | -41.0% | Faridabad, Haryana, India | |||
| Asha Fluid Industries Private Limited | ₹12.54 Lakh (FY 2016) | 145.0% | Pune, Maharashtra, India | |||
| Cubs International Petrochem Limited | ₹11.87 Lakh (FY 2025) | -64.0% | Kolkata, West Bengal, India | |||
| Rise and Heights Wax Private Limited | ₹11.51 Lakh (FY 2020) | 2.0% | Delhi, India | |||
| Kanisha Petrochem Private Limited | ₹11.33 Lakh (FY 2025) | -97.0% | Siliguri, West Bengal, India | |||
| Rythem Merchants Private Limited | ₹11.28 Lakh (FY 2018) | -80.0% | Kolkata, West Bengal, India | |||
| Exsan Overseas Private Limited | ₹11.16 Lakh (FY 2024) | -98.0% | Mumbai, Maharashtra, India | |||
| Prowis Products Limited this company | ₹29,367 (FY 2020) | -₹68.96 Lakh | -98.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Prowis Products Limited, buy the company report.
Auditor
Prowis Products Limited is audited by J C DESAI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J C DESAI & CO | FY 2017 | 102311W |
Shareholding
The shareholding of Prowis Products Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prowis Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 1997 | 90159589 | State Bank of India | ₹1.5 Cr | Satisfied | |
| 06 Jul 1996 | 90159542 | State Bank of India | ₹2.8 Cr | Satisfied |
To see the full charge records of Prowis Products Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Prowis Products Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹1.94 Cr; the latest was in September 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Bharat J Nanavati (Huf), 3 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Chandrakant V Anjaria Huf, Rajesh C Anjaria (Huf), Atul C Anajaria (Huf), an individual Seller: 4 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Rajesh C Anjaria (Huf), Chandrakant V Anjaria Huf, 2 individuals |
| Sep 2006 | Funding round | ₹1.94 Cr | Investors: 4 individuals |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Jasvantsingh L Nanavati (Huf) Seller: an individual |
To see the full deal history of Prowis Products 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
No court or tribunal cases involving Prowis Products Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prowis Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prowis Products 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 Prowis Products Limited, buy the company report.
Recent activity
Prowis Products Limited has 11 board changes on record since 1996: 6 appointments and 5 cessations. The latest: Amit Bipin Nanavati ceased to be Director on 01 Jul 2009.
8 earlier events are in the company report.
Frequently asked questions
Prowis Products has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Prowis Products was a public limited company based in Mumbai, Maharashtra, India. The company worked in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 10 April 1996 and is registered under CIN U23200MH1996PLC098745. The company has been struck off by the Registrar of Companies and is no longer operational.
Prowis Products had 6 directors:
- Surendra Ajitsinh Asher - Director
- Yogin Laxmidas Porecha - Director
- Rajesh Chandrakant Anjaria - Director
- Uday Jaswantsinh Nanavati - Director
- Nalin Jaswantsinh Nanavati - Director
- Viren Bipin Nanavati - Director
The CIN (Corporate Identification Number) of Prowis Products is U23200MH1996PLC098745. 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 Prowis Products is at 57 Syed Mukri Streetmasjid Bandar, Mumbai, Maharashtra, India – 400009.
Prowis Products was incorporated on 10 April 1996. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Prowis Products on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Prowis Products has 2 GST registrations on record and all of them are cancelled or inactive.
Prowis Products operated in the chemicals and materials industry, in the petrochemicals and derivatives segment. It worked in this industry before it was struck off.
Prowis Products has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹1.94 Cr; the latest was in September 2014.
The peers of Prowis Products by revenue are Pradhan Petro Products Private Limited, Coolcent Coolants Pvt Ltd, Trichy Chemicals Private Limited, Advanced Laser Systtems Limited, Asha Fluid Industries Private Limited and 5 more, all in the Chemicals industry (Petrochemicals).