Pragati Automation Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 08-07-2024
- Paid Up Capital ₹ 9.93 Cr
as on 08-07-2024
- Company Age 23 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 162.76 Cr
as on 08-07-2024
- Satisfied Charges ₹ 54.90 Cr
as on 08-07-2024
- Revenue 60.72%
(FY 2022)
- Profit 358.32%
(FY 2022)
- Ebitda 122.52%
(FY 2022)
- Net Worth 11.50%
(FY 2022)
- Total Assets 11.92%
(FY 2022)
About Pragati Automation
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 2023. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 9.93 Cr.
The company currently has active open charges totaling ₹162.76 Cr. The company has closed loans amounting to ₹54.90 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.
- CIN/LLPIN
U29199KA2001PTC029247
- Company No.
029247
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Jul 2001
- Date of AGM
10 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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)
Pragati Control Systems Private LimitedActive 13 years 3 monthsDeepak Joglekar and Atul Bhirangi are mutual person
Pragati Engineering Belgaum Private LimitedActive 36 years 6 monthsSulabha Kulkarni, Deepak Joglekar and 1 more are mutual person
- Technovision Auto Components Private LimitedActive 18 years 21 days
Sulabha Kulkarni is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 Oct 2021 | ₹14.30 Cr | Open |
Others Creation Date: 27 Sep 2021 | ₹15.00 Cr | Open |
Others Creation Date: 27 Sep 2021 | ₹35.00 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.
