Prostarm Info Systems IPO Details

Prostarm Info Systems Limited, incorporated in 2008, is an Indian company engaged in the design, manufacturing, assembly, sale, and service of energy storage and power conditioning equipment. The company offers a wide range of Power Solution Products, including UPS systems, inverter systems (including lift and solar hybrid variants), lithium-ion battery packs, servo-controlled voltage stabilizers (SCVS), isolation transformers, and related products. In addition to in-house manufacturing, Prostarm also sources products through third-party contract manufacturers in India and China. It offers both standard and customized solutions, catering to a broad customer base across sectors such as banking, finance, healthcare, education, defense, IT, aviation, and renewable energy.

The company has significantly diversified its offerings over the years and expanded into the engineering, procurement, and construction (EPC) segment, focusing on rooftop solar photovoltaic (PV) power projects. As of December 31, 2024, Prostarm has commissioned more than 10.56 MW of rooftop solar PV capacity across 200+ sites. It also provides operations and maintenance services to ensure long-term performance and reliability of its installations. The company’s comprehensive after-sales service portfolio includes installation, rental services, annual maintenance contracts (AMCs), and warranty support.

Prostarm operates three manufacturing units in Maharashtra—two in Pune and one in Navi Mumbai—with infrastructure capable of supporting end-to-end production processes. The company has a strong pan-India presence, supported by 21 branch offices, two storage facilities, and a nationwide network of 360 to 539 dealers and distributors over the last three financial years. It has built long-standing relationships with over 700 customers in FY 2024, with around 40% of its customer base maintaining relationships for at least three years. Its clientele includes several government and public sector entities such as Airports Authority of India, Railtel Corporation, and NTPC Vidyut Vyapar Nigam Limited.

To enhance technological capabilities, Prostarm has acquired technology know-how from firms like Aarcchor Innovations and Transfield Transformers and has secured rights from the Automotive Research Association of India (ARAI) to use Battery Management System (BMS) technology. The company’s facilities are certified under multiple international standards, including ISO 9001, ISO 14001, ISO 45001, ISO 50001, and TL 9000, and its products carry Bureau of Indian Standards (BIS) certifications.

Led by Promoter Director and CEO Ram Agarwal, who has over 16 years of experience in the power solutions industry, Prostarm continues to focus on quality, innovation, and expanding its manufacturing capabilities under the ‘Make in India’ initiative. Its experienced leadership and robust operational infrastructure position the company as a trusted and comprehensive power solutions provider in India.