{{Short description|Indian process and engineering company}} {{COI|date=March 2023}} {{Use dmy dates|date=December 2018}} {{Use Indian English|date=December 2018}} {{Infobox company | name = PRAJ Industries Limited | logo = Praj industries logo.svg | type = Public | traded_as = {{BSE|522205}}<br />{{nse|PRAJIND}} | founded = {{start date|1983}} | location = Pune, Maharashtra, India | areas_served = Worldwide | key_people = Pramod Chaudhari (Executive Chairman) | industry = Manufacturing, Engineering and Service | products = Ethanol plant<br />Brewery Plants<br />Water & Waste Water Solutions<br />Process equipment and systems supplier<br />High Purity solutions<br />Bioproducts<br />Research services | revenue = {{up}} {{INRConvert|1330.41|c}} (2021) | net_income = {{up}} {{INRConvert|81.05|c}} (2021) | assets = {{up}} {{INRConvert|1593.82|c}} (2021) | equity = {{up}} {{INRConvert|802.51|c}} (2021) | num_employees = 940 (2021) | website = {{URL|http://www.praj.net/}} }}
'''Praj Industries Limited''' is an Indian multinational process and project engineering company, headquartered in Pune, Maharashtra. The company also has offices in South Africa, North America, Latin America, the 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.
==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.<ref>{{cite web|url=https://www.edelweiss.in/stocks/Praj-Industries-Ltd/company-history/3458.html|title=Praj Industries Ltd|publisher=Edelweiss}}</ref> Today it has investors like venture capitalist Vinod Khosla who has a 10% stake<ref>{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Vinod-Khosla-buys-10-stake-in-Praj-Industries/articleshow/1482146.cms|title=Vinod Khosla buys 10% stake in Praj Industries| newspaper=The Times of India |date=8 April 2006 | accessdate=8 April 2006}}</ref> and Marubeni Corporation.<ref>{{cite web|url=http://www.business-standard.com/article/companies/vinod-khosla-marubeni-to-buy-stake-in-praj-inds-106041101100_1.html|title=Vinod Khosla, Marubeni to buy stake in Praj Inds|newspaper=Business Standard|accessdate=11 April 2006}}</ref> 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 (ATJ) fuels, 1G & 2G ethanol, compressed biogas and other related opportunities in the biofuels sector.<ref>{{Cite web |date=May 2022 |title=Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF |url=https://www.ibef.org/industry/chemical-industry-india |access-date=2022-06-14 |website=India Brand Equity Foundation |language=en}}</ref>
==Business divisions== The company deals with segments like Alcohol / Fuel Ethanol and Brewery Plants, Water and Wastewater Treatment Plants,<ref>{{cite web|title=Praj Industries expects water-treatment to be India business growth story | url=http://www.livemint.com/Companies/LA4DsE2TkJF9uuEIwIM81J/Praj-Industries-expects-watertreatment-to-be-India-business.html | publisher=Live Mint |accessdate=19 February 2014}}</ref> Critical Process Equipment System, High Purity Systems, BioProducts (Livestock Health and Nutrition Products), and Customised Research Service & Solutions.<ref>{{Cite journal |date=August 2021 |title=A Conversation with Dr. Pramod Chaudhari |url=https://www.liebertpub.com/doi/abs/10.1089/ind.2021.29259.pch |journal=Industrial Biotechnology |volume=17 |issue=4 |pages=185–187 |doi=10.1089/ind.2021.29259.pch |issn=1550-9087|url-access=subscription }}</ref>
==Subsidiaries and acquisitions== The company's acquisitions include – Praj HiPurity Systems Limited (erstwhile Neela Systems Ltd),<ref>{{cite web|url=http://www.business-standard.com/article/companies/praj-acquires-neela-systems-for-rs-64-cr-112011000059_1.html|title=Praj acquires Neela Systems for Rs 64 cr|newspaper=Business Standard|accessdate=10 January 2012}}</ref><ref>{{cite web|title=Praj acquires stake in Neela Systems|url=http://businesswireindia.com/news/news-details/praj-acquires-stake-neela-systems/29656|publisher=Business Wire India|accessdate=20 May 2016}}</ref> 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 and recognition== * Praj was awarded the National Award for outstanding In-House R&D Achievements by DSIR in 2005.<ref>{{cite web|title=DSIR honors Praj Industries Limited with "National Award" |url=http://www.moneycontrol.com/news/business/dsir-honors-praj-industries-limitednational-award_191400.html | publisher=MoneyControl}}</ref> * Praj was awarded the "Association of Biotechnology Led Enterprises|ABLE 10th anniversary award" under bio-industrial category for contribution to industrial biotechnology.<ref>{{cite web|url=http://www.freepressjournal.in/praj-honored-with-able-award/159892|title=Praj Honored with ABLE Award|newspaper=The Free Press Journal |accessdate=14 March 2013}}</ref> * Praj Tower received ‘Platinum’ LEED Certification from IGBC.<ref>http://www.solarquarter.com/index.php/news/asia/india/item/1257-praj-tower-receives-platinum-leed-certification-from-igbc-the-highest-ranking-certificate {{Dead link|date=February 2022}}</ref> * Praj Bags B.G. Deshmukh CSR Innovation Award <ref>{{cite web|url=http://archive.indianexpress.com/news/11-bag-mccia-innovation---entrepreneurship-awards/1022168|title=11 bag MCCIA innovation & entrepreneurship awards|newspaper=The Indian Express |accessdate=26 October 2012}}</ref> * Praj received ‘Solar Energy Society of India (SESI) Business Leadership Award’ at the ICORE 2005<ref>{{cite web|url=http://www.biospectrumindia.com/biospecindia/news/158475/news-bytes-suppliers|title=News Bytes- Praj receives SESI Award |publisher=BioSpectrum |accessdate=10 May 2005}}</ref> * Praj was awarded ''Forbes Best Under A Billion Company in Asia''<ref>{{cite web|url=http://m.moneycontrol.com/news/business/praj-gets-forbes-best-under-a-billion-companyasia_316259.html|title=Praj gets Forbes Best Under A Billion Company in Asia|publisher=MoneyControl|accessdate=6 December 2007}}</ref>
==Initiatives==
===Industry innovations=== # 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.<ref>{{cite web|url=http://www.indiainfoline.com/article/news-sector-breweries/praj-launches-the-water-masterclass-knowledge-forum-in-chennai-114091100118_1.html|title=Praj launches the Water Masterclass knowledge forum in Chennai|publisher=India Infoline News Service |accessdate=11 September 2014}}</ref> # Licensing and Joint Development Agreements With Gevo<ref>{{cite press release|url=https://globenewswire.com/news-release/2015/11/09/785206/0/en/Gevo-Signs-Licensing-and-Joint-Development-Agreements-With-Praj.html|title=Gevo Signs Licensing and Joint Development Agreements With Praj |date=9 November 2015 |publisher=Gevo, Inc. GlobeNewswire News Room}}</ref><ref>{{cite web|url=http://www.thehindubusinessline.com/companies/praj-signs-licensing-and-joint-development-pacts-with-gevo/article7861937.ece|title=Praj signs licensing and joint development pacts with Gevo |date=9 November 2015 |publisher=The Hindu Business Line |accessdate=9 November 2015}}</ref><ref>{{cite news|url=https://www.bloomberg.com/news/articles/2015-11-09/gevo-shares-jump-on-biofuel-investment-deal-with-india-s-praj|title=Gevo Shares Rise on Biofuel Investment Deal With Praj|author=Alex Nussbaum |work=Bloomberg.com |date=9 November 2015 |accessdate=9 November 2015}}</ref><ref>{{cite web|url=http://smartinvestor.business-standard.com/company/cNews-cnewsdet-302622-3458-Praj_Industries_in_strategic_alliance_with_Gevo_for_producing_renewable_isobutanol-Praj_Industries_Ltd.htm#.VpzQqZp97IU|title=Praj Industries in strategic alliance with Gevo for producing renewable isobutanol |publisher=Smart Investor, Business Standard}}</ref> # Develops innovative method to produce Ethanol<ref>{{cite web|url=http://www.business-standard.com/article/companies/praj-develops-innovative-method-to-produce-ethanol-109021000157_1.html|title=Praj develops innovative method to produce ethanol|date=10 February 2009 |publisher=Business Standard |accessdate=10 February 2009}}</ref> 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.<ref>{{cite web|url=http://archive.indianexpress.com/news/praj-industries-honoured-for-work-in-biotech/482017/|title=Praj Industries honoured for work in biotech |publisher=The Indian Express |accessdate=27 June 2009}}</ref> # Introduced ‘BioWiz’ Smart Bioreactor.<ref>{{cite web|url=http://www.financialexpress.com/article/pharma/pharma-ally/praj-hipurity-systems-introduces-biowiz-smart-bioreactor/22401/|title=Praj HiPurity Systems introduces BioWiz Smart Bioreactor |publisher=Financial Express|date=23 December 2014}}</ref>
==References== {{Reflist}}
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Category:Manufacturing companies based in Pune Category:Manufacturing companies established in 1983 Category:Engineering companies of India Category:1983 establishments in Maharashtra Category:Indian companies established in 1983 Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange