Precision Engineering & ManufacturingPunjab, India
Prime Industries Ltd. is a BSE-listed company (scrip code 519299) that began in 1992 as a vegetable oil refiner in Punjab, adding a separate physical refinery in 1995, and has since repositioned itself as a holding and operating platform in specialised engineering and precision manufacturing for defence, nuclear, aerospace and related sectors. It entered capital goods in August 2023 by acquiring a 48.69% stake in Kay Bouvet Engineering Limited, a heavy engineering business serving defence, nuclear and space applications, and amended its main objects that year to cover capital goods and special
1StartupFox story
1992Founded
Precision Engineering & ManufacturingSector
Sept 2026Latest coverage
Funding
Prime Industries has raised $1.2M across 1 disclosed round, most recently a Preferential allotment (board-approved, in September 2026.
$1.2MRaised
Preferential allotment (board-approved, Latest round · September 2026
1Event
Chart appears once 2 more funding rounds are recorded — below that a chart shows less than the table does.
September 2026Preferential allotment (board-approved, $1.2MUday Narang, Kushal Muchhal
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Consolidated revenue from operations ₹90.59 crore and net profit ₹16.01 crore, against FY25 net profit of ₹1.47 crore. Standalone FY26 revenue ₹7.95 crore, net profit ₹1.29 crore.
Incorporated in Punjab as a vegetable oil refiner, adding a separate physical refinery with a continuous deacidifier-cum-deodoriser in 1995. ↗
Aug 2023 · acquisition
Acquires 98,59,000 shares, a 48.69% stake, in Kay Bouvet Engineering, entering capital goods, and amends its objects to cover special products for nuclear, defence, aerospace and bio-energy. ↗
2025 · acquisition
Takes a 50.001% controlling stake in Linga Agri Trading and Machinery for about ₹2.04 crore, adding agricultural machinery, waste management and defence fabrication. ↗
Nov 2025 · milestone
Forfeits 17,25,000 convertible warrants after holders did not exercise conversion within the 18 months permitted under SEBI regulations. ↗
September 2026 · funding
Preferential allotment (board-approved, — $1.2M, led by Uday Narang.
Sep 2026 · funding
Board approves a preferential issue of 27,30,000 shares at ₹42 to Uday Narang and Kushal Muchhal, raises authorised capital to ₹40 crore, appoints Deepak Handa to the board and widens its objects to include automotive design and manufacturi ↗
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Prime Industries Ltd. is a BSE-listed company (scrip code 519299) that began in 1992 as a vegetable oil refiner in Punjab, adding a separate physical refinery in 1995, and has since repositioned itself as a holding and operating platform in specialised engineering and precision manufacturing for defence, nuclear, aerospace and related sectors. It entered capital goods in August 2023 by acquiring a 48.69% stake in Kay Bouvet Engineering Limited, a heavy engineering business serving defence, nuclear and space applications, and amended its main objects that year to cover capital goods and special
Who founded Prime Industries?
Prime Industries is associated with Deepak Handa, Diksha Tiwari.
How much funding has Prime Industries raised?
Prime Industries has raised $1.2M across 1 disclosed round. The most recent was a $1.2M Preferential allotment (board-approved, in September 2026.
Who are Prime Industries's investors?
Disclosed investors in Prime Industries include Uday Narang, Kushal Muchhal.
Is Prime Industries profitable?
Per its FY26 consolidated filing, Prime Industries reported ₹91 Cr in revenue, with a ₹16 Cr profit.
What is the latest news on Prime Industries?
The most recent StartupFox coverage is “Prime Industries to Raise ₹11.86 Crore From Omega Seiki Mobility Founder Uday Narang” (21 September 2026). All stories are listed on this page.
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