Promax Power Limited was originally incorporated as “Promax Power Private Limited” on August 21, 2017 vide certificate of incorporation under the provisions of sub-section (2) of section 7 of the Companies Act, 2013 (18 of 2013) issued by the Central Registration Centre, Registrar of Companies. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies-Chandigarh, consequent upon conversion from Private Limited to Public Company dated April 20, 2021 in the name of “Promax Power Limited”.

The company is founded and promoted by Chandigarh based Vishal Bhardwaj and his wife Shweta Bhardwaj in the year 2017 with a motive to take over the business of M/s. Promax Technologies (a 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. This was done to corporatize and build a professionally managed and Board driven organization. M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj) was into undertaking of EPC projects (Engineering, Procurement and construction) of Electric substation & Transmission line, Power distribution, Hydro, Solar power stations etc. operating since 2006.

Business area of the company

The company is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company's business segments can be divided into:

• Transmission Lines - projects in transmission lines including extra high tension & high tension transmission line & substation bays varying up to 220 KV.
• Power Transmission & Distribution - complete electrification of high-rise buildings, industrial houses, hotels, multiplexes, and commercial complexes.
• Substation - The company undertakes all types of electrical works like indoor and outdoor lighting, laying of cables, erection of transformers and switchyards up to 220 KV, erection of poles, installation of floodlights, etc. which also includes design and detailed engineering for EHV substations and transmission lines, etc.
• Solar Projects EPC - High-quality services in the EPC space, from the initial design stage to the start-up of the installation, management, and implementation.
• Sewerage Treatment Plant
• Water Treatment Plant

Milestones

• 2006: “M/s. Promax Technologies” a sole proprietary firm, is established by Mr. Vishal Bhardwaj and started the execution of EPC project in power sector.
• 2016: Opened branch office in Kolkata, West Bengal.
• 2017: Incorporation of “Promax Power private Limited” as a Private Limited company with a motive to take over the business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj).
• 2020: Opened branch office in Delhi.
• 2020: The company received ISO certifications.
• 2020: Business of M/s. Promax technologies taken over by Promax Power Private Limited as a going concern on a slump sale “as is where is” basis vide Slump Sale Agreement dated March 31, 2020 at a value of Rs. 1.82 crores.
• 2021: Opened branch office in Bangalore.
• 2021: The Private Limited got converted into Public Limited.