Praj Industries

#4988

Rank

$912.32M

MarketCap IN

IN India

Country

Summary
Praj Industries Limited operates in the field of bio-based technologies and engineering worldwide. It offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels comprising BioCNG, iso-butanol, etc.; and high purity system solutions for the biopharma industry, sterile formulations, topical and oral formulations, personal care, and nutraceutical industry. The company also provides customized plants, and equipment and technology solutions to customers in the brewing industry; reactors, pressure vessels, heat exchangers, process columns, and tower proprietary equipment to hydrocarbon industry, petrochemicals, industrial gas plants, and chemical plants; and modular process skids. In addition, it offers wastewater treatment solutions, including treatment and disposal; 3Rs of reduce, recycle, and reuse; ZLD and resource recovery; operation and maintenance services; and value added services. Praj Industries Limited was incorporated in 1985 and is headquartered in Pune, India.

History

Praj was formed in 1983. The company went public in 1994 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. Praj received its first Venture Capital from ICICI Bank in 1987. Today it has investors like venture capitalist Vinod Khosla who has a 10% stake and Marubeni Corporation. Praj Foundation was established in 2005 as the CSR wing which is managed by Parimal Chaudhari. In 2021, the company and Indian Oil Corporation signed a memorandum of understanding to explore opportunities in the production of alcohol-to-jet fuels, 1G & 2G ethanol, compressed biogas and other related opportunities in the biofuels sector.


Mission
Praj’s mission is “To Imagine, Invent and Implement to catalyse a global eco-system that works together to make life-sustaining resources abundant”

Vision
To become global “imagineering organisation” that will provide solutions to the future generations to make sustainable lifestyle choices with respect to energy, water and food security.

Key Team

Dr. Pramod Madhukar Chaudhari (Exec. Chairman)

Mallikarjun Navalgund (Pres)

Atul Mulay (Pres)

Mr. Sameer Kukade (Pres)

Dr. Pramod S. Kumbhar (Pres)

S. Suresh Kumar (Exec. VP)

Ghanashyam Deshpande (Pres)


Recognition and Awards
Praj has won many awards, including the Energy Efficient Unit Award, the Outstanding Energy Conservation Award and the Mauzy Award for Professionally Managed Businesses.

References
Praj Industries
Leadership team

Mr. Shishir Joshipura B. E. (Mech). (CEO, MD & Exec. Director)

Mr. Sachin Vinayak Raole (CFO, Director of Resources & Exec. Director)

Mr. Dattatraya Nimbolkar (Chief Internal Auditor, Company Sec., Compliance Officer & Nodal Officer)

Products/ Services
Machinery Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Pune, Maharashtra, India
Established
1985
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
PRAJIND.NS
Social Media
Thu Feb 29 2024
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