Praj

Praj Industries Limited is a process and project engineering company, headquartered in Pune, Maharashtra, India, with offices in South Africa, North America, Latin America & Caribbean, Thailand and Philippines. Its manufacturing facilities are at 4 locations - in Sanaswadi, near Pune; Kandla, Port in Gujarat and Wada, Thane District. Praj is a recipient of the DSIR National Award in 2005 for outstanding In-House R&D Achievements.

PRAJ Industries Limited
TypePublic
BSE: 522205
NSE: PRAJIND[1]
IndustryManufacturing, Engineering and Service
Founded1983 (1983)
HeadquartersPune, Maharashtra, India
Areas served
Worldwide (75+ countries)
Key people
Dr. Pramod Chaudhari (Executive Chairman)
ProductsEthanol plant
Brewery Plants
Water & Waste Water Solutions
Process equipment and systems supplier
High Purity solutions
Bioproducts
Research services
Revenue₹10118.5 million (US$165 million) FY 2014-15
Websitewww.praj.net

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.[2] Today it has investors like Venture Capitalist Vinod Khosla who has a 10% stake[3] and Marubeni Corporation.[4] Praj Foundation was established in 2005 as the CSR wing which is managed by Parimal Chaudhari.

Business Divisions

The company deals with segments like Alcohol / Fuel Ethanol and Brewery Plants, Water and Wastewater Treatment Plants,[5] Critical Process Equipment System, High Purity Systems, BioProducts (Livestock Health and Nutrition Products), and Customised Research Service & Solutions.

Subsidiaries & Acquisitions

The company's acquisitions include - Praj HiPurity Systems Limited (erstwhile Neela Systems Ltd),[6][7] Praj Americas. Inc, Praj Far East Co. Ltd., Praj Industries (Africa) Pty. Ltd., Praj Far East Philippines Ltd. Inc., Praj Industries (Tanzania) Ltd. {subsidiary of Praj Industries (Africa) Pty. Ltd.}, Praj Industries (Sierra Leone) Ltd. (subsidiary of Praj Industries (Africa) Pty Ltd., Praj sur America SRL, Praj Engineering & Infra Ltd.

Awards & Recognition
  • Praj was awarded the National Award for outstanding In-House R&D Achievements by DSIR in 2005.[8]
  • Praj was awarded the "Association of Biotechnology Led Enterprises|ABLE 10th anniversary award" under bio-industrial category for contribution to industrial biotechnology.[9]
  • Praj Tower received ‘Platinum’ LEED Certification from IGBC.[10]
  • Praj Bags B.G. Deshmukh CSR Innovation Award [11]
  • Praj received ‘Solar Energy Society of India (SESI) Business Leadership Award’ at the ICORE 2005[12]
  • Mr. Pramod Chaudhari, Executive Chairman, Praj Industries was awarded with the IIT Mumbai Distinguished Service Award in 2015 [13]
  • Mr. Pramod Chaudhari was awarded the 'Outstanding Innovation' award by Chemtech Foundation for leading Praj into developing innovative technologies.[14]
  • Praj was awarded Forbes Best Under A Billion Company in Asia[15]
  • Mr. Pramod Chaudhari to Chair CII's National Committee on Bio-Energy (2016–17) for the 3rd Consecutive Year.[16]

Initiatives

Industry Innovations
  1. Launched the ‘Water Master Class’ knowledge forum in Chennai that aims at sharing industry experts’ experience in water & wastewater management and treatment of complex industrial effluents.[17]
  2. Licensing and Joint Development Agreements With Gevo[18][19][20][21]
  3. Develops innovative method to produce Ethanol[22] Matrix, the R&D Center (division of Praj Industries) is based on the foundation of scientific expertise and technology development. Located in Pune (India), Praj Matrix is organized around the 5 major Centers of Excellence. Molecular Biology and Microbiology; Bioprocess Technology Analytical Sciences; Chemical Sciences; and Scale up and Process engineering. It is supported by over 100 technologists including 20 PhDs.[23]
  4. Introduced ‘BioWiz’ Smart Bioreactor.[24]

Corporate Social Responsibility

Praj Foundation is the CSR arm of PRAJ Industries Limited, established in 2004.[25][26]

  1. Environmental Initiatives that include Ecological Restoration of streams, Environment awareness & conservation, Decentralised Waste Management and Afforestation project [27]
  2. Health Initiatives focussing on Preventive health care of women & children
  3. Educational Initiatives that include Support to Livelihood Advanced Business School and Supplementary education for children
  4. Art and Cultural Initiatives like Ruturang Musical concert performed by the blind girls from Pune Blind School[28]
  5. Activities undertaken internally like Energy conservation, Mobility, Use of recycled papers and Green family competition.

References
  1. "BSE Listing for Praj". BSE India.
  2. "Praj Industries Ltd". Edelweiss.
  3. "Vinod Khosla buys 10% stake in Praj Industries". The Times of India. Retrieved 8 April 2006.
  4. "Vinod Khosla, Marubeni to buy stake in Praj Inds". Business Standard. Retrieved 11 April 2006.
  5. "Praj Industries expects water-treatment to be India business growth story". Live Mint. Retrieved 19 February 2014.
  6. "Praj acquires Neela Systems for Rs 64 cr". Business Standard. Retrieved 10 January 2012.
  7. "Praj acquires stake in Neela Systems". Business Wire India. Retrieved 20 May 2016.
  8. "DSIR honors Praj Industries Limited with "National Award"". MoneyControl.
  9. "Praj Honored with ABLE Award". The Free Press Journal. Retrieved 14 March 2013.
  10. http://www.solarquarter.com/index.php/news/asia/india/item/1257-praj-tower-receives-platinum-leed-certification-from-igbc-the-highest-ranking-certificate
  11. "11 bag MCCIA innovation & entrepreneurship awards". The Indian Express. Retrieved 26 October 2012.
  12. "News Bytes- Praj receives SESI Award". BioSpectrum. Retrieved 10 May 2005.
  13. http://indiaeducationdiary.in/Shownews.asp?newsid=37022
  14. "PRAMOD CHAUDHARI- Works & Awards". Isha Insight. Retrieved 14 September 2014.
  15. "Praj gets Forbes Best Under A Billion Company in Asia". MoneyControl. Retrieved 6 December 2007.
  16. Praj Industries Limited (25 April 2016). "Mr. Pramod Chaudhari to Chair CII's National Committee on Bio-Energy (2016-17) for the 3rd /PR Newswire India/".
  17. "Praj launches the Water Masterclass knowledge forum in Chennai". India Infoline News Service. Retrieved 11 September 2014.
  18. "Gevo Signs Licensing and Joint Development Agreements With Praj". Gevo, Inc. GlobeNewswire News Room.
  19. "Praj signs licensing and joint development pacts with Gevo". The Hindu Business Line. Retrieved 9 November 2015.
  20. Alex Nussbaum. "Gevo Shares Rise on Biofuel Investment Deal With Praj". Bloomberg.com. Retrieved 9 November 2015.
  21. "Praj Industries in strategic alliance with Gevo for producing renewable isobutanol". Smart Investor, Business Standard.
  22. "Praj develops innovative method to produce ethanol". Business Standard. Retrieved 10 February 2009.
  23. "Praj Industries honoured for work in biotech". The Indian Express. Retrieved 27 June 2009.
  24. "Praj HiPurity Systems introduces BioWiz Smart Bioreactor". Financial Express. 23 December 2014.
  25. "Micro, Small and Medium Enterprises (MSME)".
  26. "Praj Industries Focus on Sustainable Environment « EAI Green Corporates".
  27. "Thinking green: Praj foundation launches afforestation project". The Indian Express. Retrieved 12 February 2009.
  28. "Ruturang Concert by the blind" (PDF).
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