Company Intelligence Profile
Punjab Renewable Energy Systems Private Limited
PRESPL (founded 2011 by Vini Ahuja and Monish Ahuja) is one of India's most vertically-integrated biomass-energy companies, active in: (1) biomass/agri-residue aggregation and tech-enabled supply-chain management, (2) briquetting & pelleting, (3) BOOT (Build-Own-Operate-Transfer) steam-supply projects for industrial c…
Last updated 4 August 2026
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Company Identity
Confirmed| Registered name | Punjab Renewable Energy Systems Private Limited |
|---|---|
| CIN | U40300MH2011PTC215235 |
| PAN | AAGCP0839D |
| Status | Active (Private, non-government company) |
| Listing | Not listed (unlisted private limited company; no equity shares traded on any stock exchange) |
| Incorporated | 24 March 2011 |
| ROC | RoC Mumbai / Maharashtra |
| Sector (NIC) | Electricity, Gas & Water / Biofuel & Biomass Energy — biomass aggregation, briquetting & pelleting, steam supply (BOOT), biomass power fuel supply chain (NIC code not separately confirmed) |
| Registered address | Mayuresh Square, Office No. 1008 & 1009, 10th Floor, Sector 15, CBD Belapur, Navi Mumbai/Thane, Maharashtra – 400614 |
| Authorized capital | ₹24.0 Crore |
| Paid-up capital | ₹10.33 Crore |
Business Overview
Confirmed- PRESPL (founded 2011 by Vini Ahuja and Monish Ahuja) is one of India's most vertically-integrated biomass-energy companies, active in: (1) biomass/agri-residue aggregation and tech-enabled supply-chain management, (2) briquetting & pelleting, (3) BOOT (Build-Own-Operate-Transfer) steam-supply projects for industrial clients, (4) O&M services for biomass plants, and (5) newer initiatives — Eco Cremation, Biochar, and "Eco Chulha." Notable project: India's first fully raw-biomass-fired industrial steam project at Sun Pharma, Ropar, and India's first paddy-straw-based briquetting plant in Patiala
- CEO is Col
- Sumeet Malhan
- COO is Col
- Pronob Kr
- Roy
Directors
ConfirmedFrom MCA-sourced registry aggregators (Tofler/TheCompanyCheck, cross-checked, confirmed):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Monish Ahuja | 03122526 | Managing Director | 24 Mar 2011 |
| Shashi Shekhar | 01747358 | Director | 16 Oct 2019 |
| Sudhakara Ravipati Rao | 08049476 | Director | 02 May 2018 |
| Jai Harsukh Shah | 09657051 | Nominee Director | 22 Mar 2024 |
| Bartholomeus Suijkerbuijk | 10597835 | Nominee Director | 06 May 2024 |
| Sumeet Malhan | - | - | 23 Jun 2025 |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAGCP0839D1ZK | Maharashtra | AAGCP0839D (Source: TheCompanyCheck; consistent across all GSTINs found) | Active |
| 03AAGCP0839D1ZU | Punjab | AAGCP0839D (Source: TheCompanyCheck; consistent across all GSTINs found) | - |
| 19AAGCP0839D1ZH | West Bengal | AAGCP0839D (Source: TheCompanyCheck; consistent across all GSTINs found) | - |
| 29AAGCP0839D1ZG | Karnataka | AAGCP0839D (Source: TheCompanyCheck; consistent across all GSTINs found) | - |
| 08AAGCP0839D1ZK | Rajasthan | AAGCP0839D (Source: TheCompanyCheck; consistent across all GSTINs found) | - |
Primary GSTIN (home state, Maharashtra): 27AAGCP0839D1ZK — Active/Regular, registered 01 Jul 2017 (Source: gst.unifers.ai). PAN AAGCP0839D. Company holds multiple additional state GST registrations consistent with pan-India biomass operations, found via GST-aggregator sites (unverified individually beyond snippet level): 03AAGCP0839D1ZU (Punjab/Chandigarh code 03, reg. 07 Mar 2018), 19AAGCP0839D1ZH (West Bengal), 29AAGCP0839D1ZG (Karnataka/Haveri, reg. 03 Nov 2019), 08AAGCP0839D1ZK (Rajasthan/Churu, reg. 17 Sep 2020). Total registrations found: 5+ across states — status "partial" (primary confirmed via a direct GSTIN detail page; the others are search-snippet level only, not opened on individual GSTIN pages).
Financials
Partial / conflictingExact audited P&L/balance-sheet figures are paywalled and not independently obtained — reported here as directional/range data only:
- Operating revenue range FY2023-24: ₹75–100 Crore, with 18.54% YoY growth
- GST turnover band FY2024-25: ₹25–100 Crore
- FY ending Mar-2025 ratios: Net Profit Margin 17.84%, Operating Margin 10.76%, Return on Equity 170.26%; Net worth +318.64% YoY; Borrowings -69.23% YoY
- Standalone vs consolidated: not specified by source; presumed standalone (no subsidiaries disclosed)
Status: partial — ranges/ratios corroborated by one primary aggregator only; absolute revenue/EBITDA/PAT/net-worth/borrowings ₹ figures = not obtained.
Funding
Partial / conflicting- SBICap Ventures' Neev Fund invested USD 5 million in PRESPL (~March 2019)
- Shell became an equity partner/investor in PRESPL
- U.S. International Development Finance Corporation (DFC) extended a USD 10 million credit guarantee facility to PRESPL
No priced-round names, valuation, or full cap-table were found. Status: partial.
Charges / Loans
Partial / conflicting- Open charges totaling ₹47.6 Crore
- Satisfied (historical, closed) charges totaling ₹116.94 Crore
- Named major charge-holders/lenders: HSBC (₹37.5 Cr) and HDFC Bank (₹10.1 Cr)
- Individual charge IDs/dates not extracted — status "partial."
Credit Ratings
Partial / conflictingIndia Ratings & Research (Ind-Ra) — rating history shows a declining trajectory:
- Long-term issuer/bank-facility rating was at 'IND BBB-'/Stable historically
- Downgraded to 'IND BB+'/Stable
- Further downgraded to 'IND BB'/Negative
- At one point migrated to "Issuer Not Cooperating" category (issuer did not participate in the surveillance exercise)
- Most recent identified rating action: 23 June 2025 — long-term bank facilities downgraded to 'IND BB-'/Stable; short-term facilities affirmed at 'IND A4+'
No CRISIL, ICRA, or CARE rating was found for this entity (searched; none surfaced) — do not assume absence means unrated, simply "not obtained" from those three agencies. Status: confirmed (India Ratings trend), CRISIL/ICRA/CARE = not obtained.
Legal / Litigation
Partial / conflictingIndian Kanoon search surfaced:
- Kartik Patel vs Punjab Renewable Energy System Pvt. Ltd. — Supreme Court of India, Diary No. 23248 of 2022, dated 19 Sep 2022 (Bench: Dinesh Maheshwari, Bela M. Trivedi)
- Kartik Patel vs Punjab Renewable Energy Systems Pvt Ltd — NCLAT company-appeal proceeding, 26 May 2022 (Author: Ashok Bhushan)
- Punjab Renewable Energy Systems vs IOC GPS Renewables Pvt Ltd — Delhi High Court, W.P.(C) 15719/2025 & CM APPL. 64387/2025, dated 15 Oct 2025 (Judge: Tushar Rao Gedela)
- Mangat Singh vs Rajesh Kumar and Others — Punjab & Haryana High Court, 25 Mar 2026 — tangential reference to a company employee's wages, not a direct company party
Nature/outcome of these matters not further examined (case documents not opened) — status "partial."
Competitors
Partial / conflictingNamed peers in the Indian biomass supply-chain / briquetting / agri-residue energy space (based on general sector knowledge — specific head-to-head naming as "PRESPL competitors" could not be confirmed via live source in this session, so treat as sector-context rather than a confirmed source-backed list):
- Abellon CleanEnergy — biomass pelleting & clean-energy projects, mid-scale
- Punjab Biomass Power Ltd — biomass power generation, similar geography (Punjab)
- Sukhbir Agro Energy Ltd — biomass/agro-energy, mid-scale
- Greenfuel Energy Solutions — briquette/pellet manufacturing, smaller-scale
- DESI Power — decentralized biomass power, smaller-scale
- Global Bio-Energy players / regional briquette manufacturers — fragmented, mostly smaller-scale than PRESPL
Status: partial/unconfirmed — flagged as lower confidence since not source-verified this session.
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