What we do Prashant India Ltd operates in textiles and wind power generation, manufacturing polyester fabrics and generating renewable energy through wind turbines. |
Founded in 1,983 |
Market share Second-largest exporter of rapeseed deoiled cakes in India in 1994-95; currently facing severe textile sector recession. |
Problem solved Provides textiles for apparel and industrial use while generating clean energy to support sustainable power needs. |
Top clients or who we serve Serves textile market and energy sector; B2B with exports focus historically; leases surplus factory space for revenue. |
Key management - |
Our journey and innovations Turned around a sick unit in 1984, expanded into polyester fabrics, and commissioned five wind turbines by mid-1990s. |
Where we operate Primarily Gujarat, India with export operations historically; wind power credits utilized locally post recent policy changes. |
Top products or what we offer Polyester fabric and yarn manufacturing; wind power generation from multiple 200 KW turbines. |
Top brands - |
Raw materials needed Polyester fibers for textile manufacturing; components for wind turbine maintenance. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical, impacted by textile industry cycles and power generation credits. |
Our industry position Facing heavy competition and recession pressure in textiles; operational wind power unit under regulatory compliance. |
Financial highlights FY 2023-24 revenue approx Rs. 43.43 Lacs, net loss Rs. 35.84 Lacs; declining trend due to textile sector downturn. |
Geographical revenue split Revenue primarily from Gujarat; textile exports historically; wind power credits local. |
Order book - |
Whats driving growth Wind power operations restarted post policy changes; textile operations currently leased to generate income. |
Our future plans Focus on reviving textile operations, settling secured creditors, and optimizing wind power generation business. |
Our green promise Operates wind power units contributing to renewable energy generation; follows Gujarat Renewal Energy Policy. |
Our people and values Small workforce of 5 employees; emphasis on internal controls and compliance; cordial employee relations. |
Key challenges ahead Severe textile recession, debt liabilities, regulatory changes in wind energy; need to settle creditor dues and improve operations. |
Interesting facts Received Export Award in 1994-95 as second-largest exporter of rapeseed deoiled cakes in India. |
Risks and strategy Risk of prolonged textile losses and debt; strategy includes asset liquidation, creditor negotiations, and pursuing wind power revenue. |
