Pragati Automation Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 9.93 Cr
- Company Age 23 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 162.39 Cr
- Satisfied Charges ₹ 55.27 Cr
- Revenue Growth 60.72%
- Profit Growth 358.32%
- Ebitda 122.52%
- Net Worth 11.50%
- Total Assets 11.92%
About Pragati Automation
Pragati Automation Private Limited (PAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 July 2001 and has a history of 23 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 9.93 Cr.
The company currently has active open charges totaling ₹162.39 Cr. The company has closed loans amounting to ₹55.27 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Pragati Automation Private Limited India is Shashidhar Hiremath as COMPANY SECRETARY. Sulabha Kulkarni, Deepak Joglekar, Atul Bhirangi, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29199KA2001PTC029247
- Company No.
029247
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Jul 2001
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Machinery and Equipment
What products or services does Pragati Automation Private Limited offer?
Pragati Automation Private Limited offers a wide range of products and services, including HSS Milling Cutters, VMC Cutting Tools, CNC Machine Spare, Turrets, Lathe Chucks, Power Chucks, Rotary Indexing Table, Tool Adapters, Tool Holders.
Pragati Automation Private Limited
Explore comprehensive data for Pragati Automation Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Pragati Automation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Atul Bhirangi  | Managing Director | 24-Dec-2003 | Current |
| Shashidhar Hiremath | Company Secretary | 23-May-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sulabha Kulkarni | Director | 05-Jul-2001 | Current |
| Deepak Joglekar | Director | 30-Mar-2022 | Current |
| Anand Vasanth | Nominee Director | 19-Oct-2019 | Current |
Financial Performance of Pragati Automation.
Pragati Automation Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 60.72% increase. The company also saw a substantial improvement in profitability, with a 358.32% increase in profit. The company's net worth Soared by an impressive increase of 11.5%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Pragati Automation?
In 2022, Pragati Automation had a promoter holding of 74.00% and a public holding of 26.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Udyam PrakashanDeepak Joglekar is a mutual person
- Pragati Control Systems Private Limited
Deepak Joglekar and Atul Bhirangi are mutual person
Pragati Transmission Private Limited.Atul Bhirangi is a mutual person
Pragati Engineering Belgaum Private LimitedSulabha Kulkarni, Deepak Joglekar and 1 more are mutual person
- Technovision Auto Components Private Limited
Sulabha Kulkarni is a mutual person
Charges (Loans)
Open Charges
₹162.39 Cr
Satisfied Charges
₹55.27 Cr
Charges Breakdown by Lending Institutions
- Others : 146.39 Cr
- Tata Capital Financial Services Limited : 16.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2021 | Others | ₹14.30 Cr | Open |
| 27 Sep 2021 | Others | ₹15.00 Cr | Open |
| 27 Sep 2021 | Others | ₹35.00 Cr | Open |
| 11 Mar 2019 | Tata Capital Financial Services Limited | ₹16.00 Cr | Open |
| 27 Mar 2007 | Others | ₹82.09 Cr | Open |
How Many Employees Work at Pragati Automation?
Pragati Automation has a workforce of 294 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Pragati Automation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Pragati Automation's trajectory.
Rating
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Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Pragati Automation
Recent activity within the organization
- Annual General Meeting
Pragati Automation Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 27 Aug 2019 via Charge ID 100290285 with Others was fully satisfied on 06 Jul 2024.
- Balance Sheet
Pragati Automation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Others of Rs. 14.30 Cr registered on 30 Oct 2021 with Charge ID 100496138 was modified on 08 Feb 2024.
- Charges
A charge with Others of Rs. 82.09 Cr registered on 27 Mar 2007 with Charge ID 10048191 was modified on 08 Feb 2024.
- Charges
A charge with Others of Rs. 15.00 Cr registered on 27 Sep 2021 with Charge ID 100493045 was modified on 16 Jan 2024.
Frequently asked questions
What is the Incorporation or founding date of Pragati Automation Private Limited?
Pragati Automation Private Limited was incorporated on 05 Jul 2001.
What is authorized share capital and paid-up capital of Pragati Automation Private Limited?
The authorized share capital of Pragati Automation Private Limited is ₹ 12.00 Cr and paid-up capital is ₹ 9.93 Cr.
Who are the current board members & directors of Pragati Automation Private Limited?
Currently 5 directors are associated with Pragati Automation Private Limited.
- Sulabha Suresh Kulkarni
- Deepak Hanumant Joglekar
- Atul Suresh Bhirangi
- Anand Harihar Vasanth
- Shashidhar Kallayya Hiremath
What is the registered address of Pragati Automation Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Pragati Automation Private Limited is No 413 Ivth Phase 11Thcross Peenya Industrial Area, India, Bangalore, Karnataka, 560058.
What is the corporate identification number (CIN) and company number of Pragati Automation Private Limited?
The corporate identification number (CIN) of Pragati Automation Private Limited is U29199KA2001PTC029247 and the company number is 029247 as per Ministry of Corporate Affairs (MCA).
What is the official website of Pragati Automation Private Limited?
The Official website of Pragati Automation Private Limited is https://www.pragati-automation.com
What has been the recent revenue trend for Pragati Automation Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Pragati Automation Private Limited has risen by 60.72%.
How many employees does Pragati Automation Private Limited currently have?
As Per 2022 financial reports, 294 employees are currently employed by Pragati Automation Private Limited.
What change has been observed in the net worth of Pragati Automation Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Pragati Automation Private Limited has experienced an upsurge of 11.50%.
What are the total open charges for Pragati Automation Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Pragati Automation Private Limited amount to ₹ 162.39 Cr.
When was the last Balance Sheet of Pragati Automation Private Limited filed with the ROC?
The most recent Balance Sheet for Pragati Automation Private Limited was filed with the ROC on 31 Mar 2024.
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