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    PROMAX POWER LTD.

    19 May 2026 | 04:01

    Industry >> Power - Transmission/Equipment

    Select Another Company

    ISIN No INE0I2F01015 BSE Code / NSE Code 543375 / PROMAX Book Value (Rs.) 12.56 Face Value 10.00
    Bookclosure 30/09/2024 52Week High 37 EPS 0.94 P/E 16.44
    Market Cap. 38.50 Cr. 52Week Low 12 P/BV / Div Yield (%) 1.23 / 0.00 Market Lot 2,500.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.

    The Company is founded and promoted by Chandigarh based Mr. Vishal Bhardwaj. After completing the diploma in Electronics and Communication Engineering in the year 1999, Mr. Vishal Bhardwaj started his career working as an engineer in an electrical company and soon after in the year 2006, he decided to set up his own engineering company with a vision and mission to execute projects for power sector.

    To achieve his vision, he founded M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj) in the year 2006 and started execution of EPC projects (Engineering, Procurement and construction) of Electric substation & Transmission line, Power distribution, Hydro, Solar power stations etc. Having more than 15 years of rich experience in project management and execution in the sector of EPC of substation, Transmission line, Solar & Wind power projects, he has finalised and executed various projects successfully.

    Gradually, he felt the need to structure the business from an unorganised sector to an organized sector and well professionally managed organization, so he incorporated "Promax Power Private Limited" a Private Limited company in the year 2017 with a motive to take over the business of M/s. Promax Technologies (sole proprietorship firm of Vishal Bhardwaj) as a going concern basis and to continue the similar and related business activity in the name of the company.


    Key Milestones

    2006
    "M/s. Promax Technologies" a sole proprietary firm, is established by Mr. Vishal Bhardwaj and started the execution of EPC project in power sector.
    Opened branch office in Kolkata, West Bengal.

    2017 Incorporation of "Promax Power private Limited" as a Private Limited company with a motive to take over

    the business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj)

    2020
    Opened branch office in Delhi.

    The company received ISO certifications

    Business of M/s. Promax technologies taken over by Promax Power Private Limited as a going concern on a
    slump sale "as is where is" basis vide Slump Sale Agreement dated March 31, 2020 at a value of Rs. 1.82
    crores.

    2021
    Opened branch office in Bangalore
    The Private Limited got converted into Public Limited

    2022

    -Promax Power has secured fresh orders worth Rs 43 crore across its various businesses.

    2024

    -The Company has issued Bonus Shares in the Ratio of 1:1.

    Way2Wealth Brokers Private Limited - CIN U67120KA2000PTC027628 Stock Broking: SEBI Regn No.: INZ000178638 | Exchange Membership ID: NSE: 11502, BSE: 3117, MSEI:51000, MCX: 56730 Depository Participant: SEBI Regn No. IN-DP-472-2020 | CDSL ID: 12062900 & 12031500, NSDL ID: IN303077 | Research Analyst: SEBI Regn No. INH200008705 | PMS: SEBI Regn No.INP000000829 | Register with AMFI ARN: 77558 (Date of Initial registration - 8th Dec 2009, Date of expiry - 24th Jan 2027) | PFRDA: POP226012019

    Way2Wealth Commodities Private Limited - CIN U51229KA2006PTC039880 Stock Broking: SEBI Regn No.: INZ000049130 | Exchange Membership ID: NCDEX : 00908

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