COMPANY INTELLIGENCE PROFILE
Punjab Renewable Energy Systems Private Limited (PRESPL)
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 (via the BiocharIND JV with APChemi and Intellecap), 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.
Punjab Renewable Energy Systems Private Limited (PRESPL) is an Indian company specializing in biomass energy, founded in 2011. It is involved in biomass aggregation, supply-chain management, and steam-supply projects. PRESPL operates India's first raw-biomass-fired industrial steam project. Financially, its FY2023-24 revenue was between ₹75-100 Crore with a 17.84% net profit margin. The company has faced credit rating downgrades, with recent ratings at 'IND BB-'/Stable. Legal cases are noted, but outcomes are not detailed.
AI-generated, may contain errors.
Business Overview
- 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, via the BiocharIND JV with APChemi and Intellecap, 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., Sources: prespl.com official site, Wikipedia
Sector & Classification
Electricity, Gas & Water / Biofuel & Biomass Energy — biomass aggregation, briquetting & pelleting, steam supply (BOOT), biomass power fuel supply chain (NIC code not separately confirmed)
Directors & Key Management
Directors — source notes
From MCA-sourced registry aggregators (Tofler/TheCompanyCheck, cross-checked, confirmed): - Monish Ahuja — Promoter & Managing Director, DIN 03122526 (appointed 24 Mar 2011, since incorporation) - Shashi Shekhar — Director, DIN 01747358 (appointed 16 Oct 2019) - Sudhakara Ravipati Rao — Director, DIN 08049476 (appointed 02 May 2018) - Jai Harsukh Shah — Nominee Director, DIN 09657051 (appointed 22 Mar 2024) - Bartholomeus Suijkerbuijk — Nominee Director, DIN 10597835 (appointed 06 May 2024) — likely representing a foreign institutional investor given the nominee-director designation and non-Indian name, but the specific investor entity behind this nominee seat could not be independently confirmed - Sumeet Malhan — CEO (appointed 23 Jun 2025) — non-board executive role per TheCompanyCheck Co-founder Vini Ahuja is named by Wikipedia as a co-founder but not currently listed as an active director on registry sources — status "partial."
GST Registrations
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
Punjab Renewable Energy Systems Private Limited reported an estimated operating revenue of ₹75-100 Crore for FY2023-24, with an 18.54% YoY increase. Key financial ratios for FY2025 include a net profit margin of 17.84% and return on equity at 170.26%. Net worth rose by 318.64% YoY, while borrowings decreased by 69.23%.
AI-generated, may contain errors.
| Exact audited P&L/balance-sheet figures are paywalled (Tofler Pro) and not independently obtained — reported here as directional/range data only: | |
| Operating revenue range FY2023-24 | ₹75–100 Crore, with 18.54% YoY growth (Source: Tofler) |
| GST turnover band FY2024-25 | ₹25–100 Crore, Source: GST portal aggregator gst.unifers.ai |
| FY ending Mar-2025 ratios, Tofler, exact ₹ values paywalled: 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 (Tofler) only; absolute revenue/EBITDA/PAT/net-worth/borrowings ₹ figures = not obtained. |
Funding History
- SBICap Ventures' Neev Fund invested USD 5 million in PRESPL (~March 2019), Source: Wikipedia, corroborated by FineTrain investor-directory listing
- Shell became an equity partner/investor in PRESPL, stake % and date not obtained, Source: Wikipedia
- U.S. International Development Finance Corporation (DFC) extended a USD 10 million credit guarantee facility to PRESPL, Source: prespl.com official site
- No priced-round names, valuation, or full cap-table were found, Tracxn — the rules-sanctioned source for round names — was inaccessible, HTTP 429. Status: partial.
Loans & Charges
- Per TheCompanyCheck, MCA charge-index aggregator: 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
- India 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 & Compliance
- Indian Kanoon search surfaced, Source: indiankanoon.org:
- 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."
Competitive Landscape
- Named 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.
Frequently Asked Questions
What does Punjab Renewable Energy Systems Private Limited (PRESPL) do?
Punjab Renewable Energy Systems Private Limited (PRESPL) is a vertically-integrated biomass-energy company in India, focusing on biomass and agri-residue aggregation, tech-enabled supply-chain management, briquetting and pelleting, Build-Own-Operate-Transfer (BOOT) steam-supply projects for industrial clients, and operation and maintenance services for biomass plants.
What is the CIN of Punjab Renewable Energy Systems Private Limited (PRESPL)?
The Corporate Identification Number (CIN) of Punjab Renewable Energy Systems Private Limited (PRESPL) is U40300MH2011PTC215235.
What is the GSTIN of Punjab Renewable Energy Systems Private Limited (PRESPL)?
The primary GSTIN for Punjab Renewable Energy Systems Private Limited (PRESPL) is 27AAGCP0839D1ZK, registered in Maharashtra. The company also holds multiple additional GST registrations across different states, including Punjab, West Bengal, Karnataka, and Rajasthan.
When was Punjab Renewable Energy Systems Private Limited (PRESPL) incorporated?
Punjab Renewable Energy Systems Private Limited (PRESPL) was incorporated on 24 March 2011.
What is the registered office address of Punjab Renewable Energy Systems Private Limited (PRESPL)?
The registered office of Punjab Renewable Energy Systems Private Limited (PRESPL) is located at Mayuresh Square, Office No. 1008 & 1009, 10th Floor, Sector 15, CBD Belapur, Navi Mumbai/Thane, Maharashtra, 400614.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.