Top Track 100

Prax is a trading, storage, distribution and retailing group dealing in crude oil, petroleum products and biofuels, trading under the Harvest Energy and Prax brands. Co-founder and chief executive Sanjeev Kumar Soosaipillai, 47, leads the company, which is headquartered in London and also has trading offices in Houston and Singapore. As the coronavirus crisis unfolded it implemented a business continuity plan, and said it was not experiencing any significant disruption to operations.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2020
Rank17
CompanyPrax Group
ActivityFuel supplier & forecourt operator
LocationCentral London
Sales £m2,914
Profit £m14
Year endFeb 19
Principal shareholdersSanjeev Kumar Soosaipillai (50%), Arani Kumar Soosaipillai (50%)
Staff950
Founded2000
Websitewww.prax.com

If applicable:

* Supplied by company † Annualised figure **Estimated