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.
CIN History of Prowis Products Limited
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 |
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- Registered Address5/7 Syed Mukri Streetmasjid Bandar, Mumbai, Maharashtra, India – 400009
- IndustryChemicals and Materials, Petrochemicals & Derivatives
- 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
Financials of Prowis Products Limited FY 2020 filings available
Prowis Products Limited reported revenue of ₹29,367 (down 98% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Prowis Products Limited
Revenue fell 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Prowis Products Limited
| 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 of Prowis Products Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Prowis Products 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.
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 of Prowis Products Limited
Prowis Products Limited is compared with the companies closest to it by revenue in the Chemicals industry (Petrochemicals). Net profit, margin and employee counts of each company are in the company report.
| 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) | •••• | •••• | -98.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Prowis Products by revenue in the Chemicals industry (Petrochemicals), 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 Prowis Products Limited
Prowis Products Limited is audited by J C DESAI & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J C DESAI & CO | 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.
Ownership and Shareholding of Prowis Products Limited
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 Prowis Products Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Mar 1997 | State Bank of India | ₹1.5 Cr | Satisfied |
| 06 Jul 1996 | State Bank of India | ₹2.8 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Prowis Products Limited
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 |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Prowis Products Limited
Employment history and EPFO contributions of people linked to Prowis Products.
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 Prowis Products Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Prowis Products Limited
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 Prowis Products Limited
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 Prowis Products Limited
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 Prowis Products Limited
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.
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 Prowis Products Limited
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 Prowis Products Limited
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.
Prowis Products reported revenue of ₹29,367 for FY 2020 (down 98% YoY).
Prowis Products has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2 Cr.
Prowis Products reported a net loss of ₹68.96 Lakh and EBITDA of -₹69.25 Lakh for FY 2020, as per its filed financial statements.
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.