PROMAX POWER Share price

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 Milestones2006 “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 overthe business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj)2020Opened branch office in Delhi.The company received ISO certificationsBusiness of M/s. Promax technologies taken over by Promax Power Private Limited as a going concern on aslump sale “as is where is” basis vide Slump Sale Agreement dated March 31 2020 at a value of Rs. 1.82crores.2021Opened branch office in BangaloreThe Private Limited got converted into Public Limited