Preferential Allotment
Prime Industries Limited
Business & Industrial Markets • Precision Engineering
Amount Raised
$1.2M
~ ₹11.9 Cr
Round & Type
Preferential Allotment
Private Placement
Funding Date
Sep 20, 2026
Q3 2026
Lead Investor
Uday Narang
info
Company Overview & Solution
Prime Industries Limited is a BSE-listed company formerly focused on financial trading that is actively expanding into defence, nuclear, aerospace, and precision components manufacturing.
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Product & Solution
Specialized engineering components and precision manufacturing
target
Target Market & ICP
Defence, nuclear, aerospace, and automotive industries
paid
Deal Terms & Syndicate Intelligence
Funding Round
Preferential Allotment
Funding Type
Private Placement
Amount Raised (USD)
$1.2M
Amount (INR / Original)
₹11.9 Cr
Date of Funding
Sep 20, 2026
Lead Investor
Uday Narang
Syndicate / All Backers
Uday Narang, Kushal Muchhal
Investor Structure
2 Investor(s) • Individual Investors
Use of Funds
Expand defence, nuclear, automotive and precision manufacturing businesses, and support the establishment of an R&D and incubation centre.
business
Company Profile & Footprint
Vertical
Business & Industrial Markets
Sub-Vertical
Precision Engineering
Segment
Manufacturing
Sub-Segment
Precision Engineering
Business Model
B2B
Year Founded
1992
Team Size at Funding
47
Headquarters
Ludhiana, Punjab, India
Offices across India
Maharashtra
groups
Leadership & Executive Intelligence
Founders & Leadership
Rajinder Kumar Singhania
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Verified Primary Sources & Coverage