Prostarm Info Systems Limited, originally established as Prostar Micronova Power Systems Private Limited in 2008, specializes in energy-efficient power solutions and has evolved into a multifaceted entity providing Power Backup Solutions, Solar Products, and allied services. Headquartered in Pune, India, the company caters to critical power needs of ATMs, office systems, and equipment across sectors like banking, healthcare, hospitality, infrastructure, and railways. It transitioned to a public limited company in 2017, adopting its current name to reflect its broader service offerings.
The company operates a dedicated unit for assembling power backup solutions, integrating components sourced globally as well as domestically. Its portfolio includes Uninterrupted Power Supply (UPS) systems, solar PV power plants, solar inverters, batteries, servo-controlled voltage stabilizers, and other power conditioning equipment. Prostarm also provides rental services, repairs, maintenance, and Annual Maintenance Contracts (AMC) for its products, ensuring end-to-end service and reliability for its customers.
To further diversify its offerings, Prostarm ventured into solar product manufacturing by establishing a facility in Ahmedabad in 2018. However, due to increased production costs and competition from foreign markets, the company shifted focus to importing solar products. Despite this, its solar solutions remain a core part of its business for expanding product sales and services.
Prostarm Info Systems is proposing to raise Rs. 9.87 crore through the issuance of 32,88,000 equity shares via a public offering. This move is expected to strengthen its market position and fund future ventures, leveraging its expertise in clean energy and infrastructure solutions.
