Pragati Automation Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 9.93 Cr
- Company Age 23 Year, 7 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 seven 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
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.
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%.
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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 LimitedDeepak 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)
₹162.39 Cr
₹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
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
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.
