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Praj

Praj Industries Limited is an multinational engineering company specializing in bio-based technologies and sustainable solutions, particularly in , , and biopharmaceuticals. Founded in 1983 and headquartered in , , the company has grown from an entrepreneurial venture into a global leader, delivering process and services across more than 100 countries on . With over 1,000 project references worldwide, Praj focuses on enabling the transition from fossil-based systems to bio-based alternatives through innovative technologies like , advanced biochemicals, and high-purity water systems. The company's core business lines include solutions for production and biorefineries, for industrial applications, critical process equipment manufacturing, and specialized systems for breweries and biopharma facilities. Praj operates four ISO 9001:2015-certified manufacturing facilities in , adhering to international standards such as ASME for pressure vessels and equipment. Its efforts, centered at the Praj Matrix innovation hub, emphasize sustainable products in health, wellness, and green energy, including recent initiatives like the Praj BioVerse platform unveiled on World Biofuel Day in 2025. Praj's commitment to is evident in its alignment with net-zero goals, providing end-to-end solutions that reduce carbon footprints in sectors like biofuels and water recycling. As a publicly listed entity on the National Stock Exchange and , the company continues to expand its global footprint while prioritizing and technological innovation.

Overview

Company profile

Praj Industries Limited was founded in 1983 by Dr. Pramod Chaudhari as a firm specializing in bio-based technologies, initially focusing on ethanol plant supplies. The company is headquartered in , , , and operates as a listed on the (BSE: 522205) and the National Stock Exchange (NSE: PRAJIND). Praj's primary industries encompass and biofuels, including production technologies for first- and second-generation feedstocks; solutions such as high-purity systems and management; critical process equipment for modular ; and and beverage processing. These areas form the core of its sustainable solutions bouquet, emphasizing industrial biotechnology for and environmental applications. The company maintains global operations in manufacturing, engineering, and services across more than 100 countries on all six continents, with key offices in (e.g., and the ), , , and the (e.g., , ). As of March 31, 2025, Praj employs 1,806 permanent professionals worldwide, supporting its delivery of integrated, eco-friendly process solutions.

Leadership and governance

Praj Industries is led by Dr. Pramod Chaudhari, its Founder and Chairman, who has been instrumental in steering the company toward a focus on the bio-economy and sustainable technologies since its inception. An alumnus of (B.Tech, 1971) and a graduate of Harvard Business School's (1995), Chaudhari transitioned to a Non-Executive Chairman role effective January 1, 2025, and was re-appointed as Founder Chairman and Group Mentor (Whole Time Director) effective July 1, 2025, for a term until June 30, 2030, following approval at the August 11, 2025 . The current and Managing Director is Ashish Gaikwad, appointed to the full role effective July 1, 2025, succeeding Shishir Joshipura whose tenure ended on June 30, 2025. Gaikwad, a (Honors) in Electrical and Electronics from , brings over 34 years of experience in industrial , process technology, transitions, and AI-driven manufacturing, including prior leadership as Managing Director at Automation India Ltd. As of November 2025, the consists of 10 members, including three executive directors (Dr. Pramod Chaudhari, Ashish Gaikwad, and Sachin Raole), two non-executive non-independent directors (Berjis Desai and Parth Chaudhari), and five independent directors (one of whom is a : Rujuta Jagtap). Key executive members include Sachin Raole as and Director-Resources, while independent directors comprise Utkarsh Palnitkar, Vinayak Deshpande, Dr. Shridhar Shukla, Rujuta Jagtap, and Ajay Narayan Deshpande. The board operates through specialized committees, such as the (chaired by Utkarsh Palnitkar with three independent members), the Nomination and Remuneration Committee (chaired by Vinayak Deshpande with a majority of independent directors), the Committee (chaired by Dr. Pramod Chaudhari), the Stakeholders' Relationship Committee (chaired by Utkarsh Palnitkar), and the Committee (chaired by the Managing Director). Promoter holding stands at approximately 32.81%, primarily held by Dr. Pramod Chaudhari (21.05%) and family entities. Governance practices at Praj emphasize compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the , including adherence to board composition norms under Regulation 17 and mandatory committee formations. The company reports under the Business Responsibility and Sustainability Reporting (BRSR) framework on a consolidated basis, integrating metrics into its annual disclosures. Recent board changes include the appointment of Ajay Narayan Deshpande as an in October 2024, the re-appointment of Dr. Pramod Chaudhari as Whole Time Director in August 2025, the appointment of Ashish Gaikwad as Managing Director in July 2025, the addition of Parth Chaudhari and Berjis Desai as non-executive non-independent directors in 2025 (with Parth replacing Parimal Chaudhari effective August 11, 2025).

History

Founding and early development

Praj Industries was established in 1983 by Dr. Pramod Chaudhari, a first-generation techno-entrepreneur, as a small firm based in , . The company initially concentrated on developing fermentation-based processes for the production of industrial and beverage alcohol, leveraging the surplus from 's as a key feedstock. In its early years, Praj focused on designing and supplying equipment for distillation and brewery operations, marking its entry into the and sectors. A significant milestone came in 1987 when the firm received funding from , enabling expansion of its efforts, including the setup of a dedicated R&D facility for . This infusion of capital supported the company's initial foray into commissioning grain-based and molasses-based plants across , aligning with the government's 1980s initiatives to promote for industrial uses and reduce waste. By the early 1990s, Praj had executed several domestic ethanol plant projects, contributing to early revenue growth through engineering contracts in the burgeoning sector. The company went public in 1995, listing on the and National Stock Exchange on October 11, which provided additional resources for scaling operations. However, during this pre-liberalization period, Praj encountered challenges such as restricted access to foreign due to controls and licensing requirements, as well as nascent from imported distillation and brewery equipment once partial easing began in the late . Chaudhari's vision for sustainable solutions guided these foundational efforts, emphasizing indigenous innovation in technologies.

Key milestones and expansions

In 2004, Praj Industries established the Praj Foundation as its dedicated arm to focus on environmental conservation, , and initiatives. The company attracted significant investment in 2006, with venture capitalist acquiring a 10% stake through the issuance of equity shares and convertible warrants, while Japan's Corporation also invested to support Praj's growth in biofuels and engineering solutions. Praj's expansion into biofuels accelerated during the 2000s and 2010s, with the company engineering approximately 70% of India's roughly 400 production facilities by the early 2010s, establishing its dominance in the sector amid rising demand for . By 2021, Praj's revenue had grown to ₹1,330 (US$160 million), reflecting robust financial progress driven by projects and international contracts. Global expansion gained momentum in the 2010s, with Praj opening offices in the United States (Houston, Texas) to serve North American clients, in () for African markets, and establishing a presence in to capitalize on demand for sustainable fuels. In 2021, Praj signed a with to collaborate on biofuel production facilities, including advanced ethanol refineries, marking a key step in scaling second-generation technologies. In recent years, Praj has navigated mixed financial results amid project executions and market challenges. For the first quarter of 2025 (April-June 2024), consolidated stood at ₹6.99 billion, a 5% decline year-over-year, though after tax rose 43% to ₹84.18 , bolstered by gains from asset sales. In the second quarter of 2026 (July-September 2025), net fell to ₹19.2 , down 65% year-over-year, primarily due to elevated operating expenses despite a 3% increase to ₹8.42 billion. Through its Praj Matrix R&D center, the company has advanced into renewable chemicals, launching the Bio-Prism platform for bio-based materials and sustainable feedstocks, with new demonstration projects commissioned in 2025 to support and low-carbon fuels. Praj's stock has achieved multibagger status over the past decade, with its reaching approximately ₹5,986 as of late 2025, underscoring investor confidence in its role within India's .

Business operations

Core business divisions

Praj Industries operates through several core business divisions, each specializing in sustainable process technologies and engineering solutions. The company's primary focus areas include production, beverage and industrial alcohol processing, water management, critical equipment fabrication, and bioproduct development, with an emphasis on projects, modular systems, and research-driven innovations. The division provides comprehensive production technologies, encompassing first-generation () processes from sugary and starchy feedstocks such as and corn, second-generation () methods utilizing like rice straw for ultra-low carbon , and third-generation (3G) pathways including alcohol-to-jet (ATJ) technology for sustainable () that achieves up to 40% reduction. This division also develops compressed (CBG) and (RNG) solutions, such as the RenGas® technology, which reduces carbon emissions by 80% using agricultural residues like press mud. These offerings support both domestic and international projects, with capacities ranging from demonstration-scale to commercial plants exceeding 650,000 liters per day. In the Brewery and Distillery Plants segment, Praj delivers solutions for beverage production and fuel-grade facilities, including customized equipment and efficiency enhancements for and . These systems are designed for and , serving clients in the food and beverage industries with projects like concentrate . The and division specializes in high-purity systems and zero-liquid discharge (ZLD) technologies for industrial applications, including effluent treatment plants (ETP) and sewage treatment plants () that enable for non-potable uses such as and flushing. These modular solutions address from sectors like metals, , and chemicals, promoting resource conservation and . Critical Process Equipment involves the design and manufacturing of custom-engineered static equipment, such as pressure vessels, reactors, heat exchangers, and columns, tailored for pharmaceuticals, chemicals, oil and gas, and biotech sectors to ensure operational reliability and precision. This division focuses on modular skids and process packages that meet client specifications for high-pressure and corrosive environments. The Bioproducts and Research Services division, supported by subsidiary Praj Matrix Labs, advances enzyme production and renewable chemicals through bench- and pilot-scale development, including bioplastics like and derived from bio-based feedstocks. A demonstration facility for and PLA production operates at the company's site, facilitating commercialization of sustainable alternatives to . Revenue from the division constitutes the majority of Praj's operations, accounting for 79% of total turnover in FY 2023-24, while the remaining segments—including and distillery, , and critical process equipment—contribute 21%. Overall revenue from operations reached INR 29,896 million for the year.

Global presence and projects

Praj Industries maintains a significant international footprint through its subsidiaries and offices, including Praj Inc. in Houston, Texas, which serves clients across North and . The company also operates offices in , ; , ; and , , facilitating operations in and . These locations support Praj's delivery of solutions to over 100 countries worldwide, with manufacturing facilities primarily in but compliant with international standards such as and ASME. While Praj does not have dedicated manufacturing sites in , it executes projects there, focusing on fuel ethanol to address climate goals. Key global projects underscore Praj's expertise in biofuels. In 2022, Praj commissioned India's first commercial ethanol at Indian Oil Corporation's complex, processing 200,000 metric tons of rice straw annually to produce 100 KLPD of , marking a milestone in advanced biofuels. This facility incorporates Praj's proprietary Enfinity technology and has been ranked among the world's hottest projects by Global Bioenergy Innovation. In , Praj is developing a ethanol plant for Corporation Limited in Bhatinda, designed as a standalone advanced facility. Internationally, Praj upgraded Aemetis Inc.'s ethanol plant in Keyes, , in 2025 with a low-carbon solution that reduces natural gas usage by approximately 80%, enhancing efficiency and lowering carbon intensity. Additionally, in June 2025, Praj partnered with Enersur S.A. for an integrated in Paraguay, producing and distillers dried grains from sugarcane and grains. Praj holds a dominant position in the Indian ethanol market, with over 70% share in operational fuel plants, and has exported technology for projects to and the . In , Praj delivered the country's first grain-based plant to Fermap Industria De Alcool in in 2024, supporting diversification from feedstocks. These exports highlight Praj's role in global transitions, with similar installations in the aiding low-carbon fuel production. Recent expansions include entry into renewable chemicals through international collaborations and internal R&D via Praj Matrix Labs, focusing on bioplastics and sustainable materials since 2024. As of Q2 FY26 (September 2025), Praj's order book stood at INR 44,190 million, reflecting growth in and segments, with 35% from international markets. Navigating presents challenges such as fluctuations, which can impact project costing and profitability due to . Regulatory differences across markets also require adaptations in and deployment, particularly in varying policies.

Corporate structure

Subsidiaries

Praj Industries Limited maintains several wholly-owned subsidiaries that support its global operations in , , and . These entities focus on regional engineering, sales, and specialized solutions, enhancing the parent company's reach and expertise in sustainable technologies. Praj HiPurity Systems Limited, a 100% owned based in , specializes in end-to-end solutions for high-purity water systems and modular process equipment tailored to the pharmaceutical, biotech, sterile formulations, , and nutraceuticals sectors. Established in 1989 and fully acquired by Praj in 2015, it provides compliant systems for (PW), (WFI), and , serving over 100 international references including USFDA-approved facilities. With a where over 70% are engineers, the contributes to Praj's global R&D by developing biotech process skids and supporting enzyme-based innovations through integrated capabilities. Praj Americas Inc., a wholly-owned headquartered , serves as the primary engineering and sales arm for North and South American markets, focusing on production technologies and systems. It has delivered over 60 projects across more than 15 countries, including full plants in , , and the , holding a 100% in Colombia's blending sector. This bolsters Praj's international footprint by offering technical audits, plant modernizations, and customized engineering services, thereby facilitating and local project execution in the biofuels domain. Praj Industries (Africa) Proprietary Limited, operating from as a wholly-owned entity, manages Praj's business interests across the continent, particularly in , , and projects. It oversees step-down subsidiaries such as Praj Projects () Ltd., incorporated in 2024 as a wholly-owned company to handle regional engineering and solutions. These African operations support Praj's global initiatives by partnering with local firms on developments, contributing to over two decades of deployment in the region. Praj Far East Co. Ltd., a 100% owned subsidiary in , along with its wholly-owned subsidiary Praj Far East Ltd. Inc., drives Southeast Asian operations in and ethanol plant supply. Based in , it leverages Praj's expertise to deliver solutions, supporting market leadership in countries like , , and the through construction, engineering, and allied services. These entities enhance Praj's R&D contributions by facilitating on-ground testing and adaptation of renewable chemical processes, including technologies for bioproducts. Praj Engineering & Infra Ltd., a wholly-owned based in , provides () services for and projects, supporting Praj's execution capabilities.

Acquisitions and partnerships

Praj Industries has pursued strategic acquisitions to bolster its and purification capabilities. In , the company acquired 100% of U.S.-based CJ Schneider Engineering for approximately 22.5 (about $5 million), enhancing its plant design and project execution expertise in markets. This move facilitated deeper penetration into the North American sector by integrating Schneider's specialized services. In 2012, Praj acquired a 50.2% stake in Mumbai-based Neela Systems Limited for Rs 64 crore, renaming it Praj HiPurity Systems Limited to expand into high-purity process equipment for pharmaceuticals, biopharmaceuticals, and beverage, and critical applications. This acquisition diversified Praj's portfolio beyond biofuels into and purification technologies, enabling end-to-end solutions for ultra-pure water systems. In 2014, Praj increased its stake to 80% for an additional INR 200 million, further consolidating control and integrating advanced filtration and separation technologies. Key partnerships have driven Praj's advancements in biofuels and renewable chemicals. In 2011, Praj formed a strategic alliance with U.S.-based Qteros Inc. to accelerate the commercialization of cellulosic ethanol production, combining Qteros' microbial technology with Praj's engineering prowess for industrial-scale plants; this included joint process design efforts amid Qteros' $22 million financing round, though Qteros later underwent staff reductions. The partnership expanded Praj's technology portfolio in second-generation biofuels, targeting global deployment despite commercialization challenges. Praj's collaboration with Inc. began with a 2015 for renewable production, evolving into a 2019 binding license agreement for Gevo's alcohol-to-jet (ATJ) technology. This enabled Praj to offer integrated solutions for sustainable (SAF) from isobutanol, contributing to India's first commercial SAF-powered flight in 2023 and enhancing Praj's position in renewable hydrocarbons. The deal strategically broadened Praj's biofuels offerings to include high-value drop-in fuels, supporting decarbonization in . In 2021, Praj signed a with Limited (IndianOil) to fast-track second-generation () biofuels and ATJ fuels, leading to a 50:50 agreement in 2023 for building production capacities. This partnership leverages Praj's process technologies with IndianOil's refining infrastructure, aiming to scale ethanol blending and output in , with impacts including the 2023 SAF flight demonstration. It has significantly expanded Praj's domestic market access and contributed to national biofuel mandates. Earlier investments supported regional growth; in 2006, Japanese firm Marubeni Corporation acquired a stake in Praj alongside Vinod Khosla, providing capital for Asian market expansion and technology scaling in biofuels. This infusion strengthened Praj's engineering capabilities for brewery and ethanol projects across Asia. Recent alliances focus on low-carbon technologies and global biorefineries. In 2025, Praj partnered with Paraguay's Enersur SA for an integrated biorefinery project, providing engineering, procurement, and construction services to enhance biofuel production in South America. Concurrently, a collaboration with thyssenkrupp Uhde targets end-to-end polylactic acid (PLA) production for renewable materials, integrating Praj's fermentation expertise with Uhde's polymer processes to advance circular economy solutions. These deals have diversified Praj's portfolio into bioplastics and expanded its footprint in emerging markets. Additionally, in 2025, Praj supplied mechanical vapor recompression (MVR) systems for Aemetis Inc.'s California ethanol plant upgrade, reducing carbon intensity by up to 30% and improving energy efficiency in a $30 million project. Such partnerships underscore Praj's role in retrofitting existing facilities for sustainability, enhancing its low-carbon technology offerings.

Innovations and initiatives

Technological innovations

Praj Industries has established as its dedicated R&D center in , , serving as the innovation engine for and biochemical technologies since its inception in the company's early years. This facility employs over 90 technologists focused on advancing third-generation () ethanol production and renewable chemicals, including processes for converting into high-value products like and . drives continuous improvements in process efficiencies, such as enhancing yields in first-generation () biorefineries through optimized techniques, which have been scaled to second-generation () applications. A of Praj's technological portfolio is its proprietary yeast strains, developed at the R&D center to improve production efficiency. These genetically optimized s enable the conversion of both and sugars from lignocellulosic feedstocks, achieving higher yields compared to conventional strains by minimizing by-products and supporting robust under conditions. Complementing this, the BioWiz Smart Bioreactor represents Praj's advancement in lab-scale equipment, introduced in 2014 for and biotech applications. This automated system integrates precise control of parameters like , , and dissolved oxygen, facilitating scalable development with enhanced and reduced operational complexity. Praj holds over 400 patent filings worldwide in biofuels and , with 84 granted patents including 24 in and 60 internationally as of 2025. Key innovations include patented processes for ethanol production from , such as the method outlined in US Patent 8,545,633, which integrates enzymatic and to yield and co-products like derivatives. Another significant covers the conversion of crude into bio-bitumen, a sustainable alternative for road construction materials, developed in 2021 to valorize waste streams. These intellectual properties underscore Praj's emphasis on integrated solutions that maximize resource utilization. The evolution of Praj's innovations spans from early 2000s advancements in alcohol fermentation technologies, which improved plant efficiencies for molasses-based , to contemporary low-carbon solutions by 2025. In 2005, Praj received the DSIR National Award for outstanding in-house R&D achievements, recognizing its pioneering work in process optimization. By the mid-2010s, the company commercialized its Enfinity platform for , demonstrating higher yields from agricultural residues without excessive inputs. Recent efforts at Praj have extended to technologies using algal and waste feedstocks, alongside renewable chemicals, positioning Praj to address global demands for carbon-neutral fuels and materials through 2025 and beyond. In August 2025, Praj unveiled the Praj BioVerse platform on World Biofuel Day, serving as a hub to connect stakeholders in the ecosystem, from feedstock to end-use applications, promoting sustainable fuels, , and -based solutions.

Sustainability and CSR efforts

Praj Industries has integrated sustainability into its core operations through environmental commitments and (CSR) initiatives managed primarily via the Praj Foundation, established in 2005. The foundation focuses on three key areas: and skill development, , and environmental , with programs aimed at rural and community upliftment in . In fiscal year 2024-25, Praj allocated ₹634.79 lakhs to CSR activities, exceeding the mandated 2% of average net profits as per Section 135 of the , with ₹636.00 lakhs spent, the majority channeled through the Praj Foundation. Environmental efforts emphasize and resource management, exemplified by the Sustainable Water Resources Development (SWRD) program launched in 2013. This initiative, implemented in 90 villages across drought-prone districts in , involves repairing check dams, stream widening, and silt removal (over 27 lakh cubic meters), recharging 2,400 wells and 900 bore wells while conserving more than 7,000 million liters of water annually. These activities have enabled year-round access, irrigated over 23,000 acres, reduced rural migration, and boosted crop and livestock productivity, with additional benefits like improved 40 km of village roads using extracted murum. The program collaborates with NGOs such as Janakalyan Samiti and Vivekanand Welfare Society, extending community engagement in and select global project sites. Praj's sustainability goals include achieving zero-liquid discharge (ZLD) in industrial projects across sectors like metals, power, and chemicals, enabling over 98% and resource recovery to minimize effluent discharge. The company's headquarters, Praj Tower, earned Platinum certification from the Green Building Council in 2015, reflecting eco-friendly design and operations. Praj adheres to Business Responsibility and Reporting (BRSR) standards, with ongoing disclosures of metrics such as Scope 1 and 2 GHG emissions and waste generation in its annual reports, targeting 15-20% emission reductions through energy integration as of FY 2024-25. In biofuels, Praj contributes to India's ethanol blending targets, advancing the E20 goal (20% blend by 2025, achieved ahead of schedule) through low-carbon (LCE) production from feedstocks like B-heavy and grains, supporting national decarbonization efforts. Recent partnerships, including a 2024 collaboration with Aemetis for LCE technology at a facility to reduce carbon intensity and a memorandum with the Global Biofuels Alliance, underscore commitments to scalable, low-emission solutions. Community programs via the Praj Foundation, such as the Water Master Class for rural water management training, have empowered local stakeholders, though specific participant numbers remain program-specific.

Awards and recognition

National awards

Praj Industries received the National Award for Outstanding In-House R&D Achievements from the Department of Scientific and Industrial Research (DSIR), , in 2005, recognizing its pioneering work in technology that enhanced plant efficiencies and supported India's initiatives. In 2013, the company was honored with the ABLE Tenth Anniversary Award in the bio-industrial category by the Association of Biotechnology Led Enterprises (ABLE), acknowledging its excellence in applications for sustainable industrial processes, including biofuel production. Praj has earned additional recognitions from DSIR for its ongoing innovations in , further validating its contributions to through advanced R&D. In recent years, Praj's advancements in biofuels aligned with India's green energy goals have garnered further national honors. In 2025, it received the Resource Efficiency & Industry Champion (RECEIC) Award from the Federation of Indian Chambers of Commerce and Industry (FICCI) for its lactic acid and lactide technology, which promotes practices in bioplastics derived from renewable feedstocks like . Additionally, in 2024–25, Praj GenX, a key division, was awarded the Silver Medal at the National Awards for Manufacturing Competitiveness (NAMC) by the (CII), highlighting its operational excellence and innovative manufacturing in the and sectors. In 2025, Praj received the Best Innovative Technology Supplier award in the and at the Sugar-Ethanol & Awards (SEIA) 2025. In May 2025, Praj was recognized as a winner in the Enterprise Growth Awards 2025 for excellence in growth and innovation among family enterprises. In June 2025, Praj Foundation, the company's CSR arm, won the Champions of Change – CSR Award in the Health & category for its 'Food is Medicine' initiative.

International accolades

Praj Industries has received several international accolades recognizing its contributions to sustainable technologies, particularly in biofuels and innovations. In 2008, the company was included in Asia's Best Under A Billion list, highlighting its strong growth and performance among firms with revenues under $1 billion. The company's commitment to was affirmed through the Platinum certification awarded to Praj Tower, its corporate headquarters in , in 2015 by the Indian Green Building Council under the international standards developed by the U.S. Council. This certification acknowledges the building's exemplary and . In the biofuels sector, Praj earned the Golden Peacock Eco-Innovation Award in 2019 for its second-generation (2G) biomass-to-ethanol technology platform, 'enfinity', presented at the World Congress on Environment Management. This award, administered by of Directors in collaboration with international bodies, underscores the technology's role in advancing low-carbon fuel production. Additionally, in 2022, Praj received the Golden Peacock Award for Innovative Product and Service for its BIOSYRUP® technology, which enables production from as a sustainable alternative to conventional methods, again at the global congress. Praj's leadership in the advanced has been consistently recognized by Biofuels Digest, a U.S.-based . The company climbed from 34th in 2018 to 8th in 2019, 2nd in 2021, and achieved the top ranking as the #1 Hottest Company in the Global Top 50 for 2024, based on votes from international experts and subscribers evaluating innovation and impact in biofuels and bioproducts. In 2020, Praj's founder and Executive Chairman, Dr. Pramod Chaudhari, was honored with the Award by BIO-Impact in , the first such recognition for an in the biofuels field, celebrating lifetime contributions to bio-based industrial products. Further global recognition came in 2022 when Dr. Chaudhari received the William C. Holmberg Award for Lifetime Achievement in the Advanced from the Advanced Biofuels (now Advanced Biofuels and Power Corporation), highlighting his pioneering work in and sustainable fuels. In 2020-21, Praj was named one of the World's Greatest Brands by Magazine and URS Media International, emphasizing its global influence in and . These accolades reflect Praj's expanding international footprint, including technology exports and partnerships for biofuel plant upgrades in regions like the .