Pragati Gold Private Limited

Manufactures and trades gold, silver, diamonds, and other precious metals and stones.

2006 | Mumbai, Maharashtra (India) | Active
Last Updated: October 23, 2024

Pragati Gold Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 6.00 Cr
  • Company Age 18 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 139.64 Cr
  • Satisfied Charges ₹ 28.93 Cr
  • Revenue Growth -18.53%
  • Profit Growth -65.55%
  • Ebitda -18.14%
  • Net Worth 3.16%
  • Total Assets 24.68%

About Pragati Gold

Pragati Gold Private Limited (PGPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 April 2006 and has a history of 18 years and ten months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Consumer Goods 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 6.00 Cr and a paid-up capital of Rs 6.00 Cr.

The company currently has active open charges totaling ₹139.64 Cr. The company has closed loans amounting to ₹28.93 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ganpatlal Madrecha and Dhiraj Madrecha serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U26101MH2006PTC160970

  • Company No.

    160970

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Apr 2006

  • Date of AGM

    19 Oct 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Goods

Who are the key members and board of directors at Pragati Gold?

Board Members (2)

Name Designation Appointment Date Status
Ganpatlal Madrecha Country flag representing In Director 05-Apr-2006 Current
Dhiraj Madrecha Country flag representing In Director 05-Apr-2006 Current

Financial Performance of Pragati Gold.

Pragati Gold Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 18.53% decrease. The company also saw a substantial fall in profitability, with a 65.55% decrease in profit. The company's net worth moved up by a moderate rise of 3.16%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-18.53%
Revenue from Operations
-19.25%
Total Assets
24.68%
Profit or Loss
-65.55%
Net Worth
3.16%
EBITDA
-18.14%

What is the Ownership and Shareholding Structure of Pragati Gold?

In 2023, Pragati Gold had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹139.64 Cr

Satisfied Charges

₹28.93 Cr

Charges Breakdown by Lending Institutions

  • The Bharat Co-Operative Bank(Mumbai) Ltd : 106.64 Cr
  • Others : 25.00 Cr
  • State Bank Of India : 8.00 Cr

Latest Charge Details

Date Lender Amount Status
30 Nov 2022 State Bank Of India ₹8.00 Cr Open
01 Jun 2021 The Bharat Co-Operative Bank(Mumbai) Ltd ₹66.64 Cr Open
28 Jan 2019 Others ₹25.00 Cr Open
23 Jun 2017 The Bharat Co-Operative Bank(Mumbai) Ltd ₹40.00 Cr Open
02 Feb 2021 Others ₹20.60 Cr Satisfied

How Many Employees Work at Pragati Gold?

Unlock and access historical data on people associated with Pragati Gold, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Pragati Gold, 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 Gold's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Gold

Recent activity within the organization

  • Annual General Meeting

    Pragati Gold Private Limited last Annual general meeting of members was held on 19 Oct 2023 as per latest MCA records.

    19 Oct 2023

  • Balance Sheet

    Pragati Gold Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge registered on 02 Feb 2021 via Charge ID 100458528 with Others was fully satisfied on 02 Dec 2022.

    02 Dec 2022

  • Charges

    A charge with State Bank Of India amounted to Rs. 8.00 Cr with Charge ID 100653064 was registered on 30 Nov 2022.

    30 Nov 2022

  • Charges

    A charge with The Bharat Co-Operative Bank(Mumbai) Ltd of Rs. 66.64 Cr registered on 01 Jun 2021 with Charge ID 100451810 was modified on 18 Jul 2022.

    18 Jul 2022

  • Charges

    A charge with The Bharat Co-Operative Bank(Mumbai) Ltd of Rs. 40.00 Cr registered on 23 Jun 2017 with Charge ID 100109187 was modified on 18 Jul 2022.

    18 Jul 2022

Frequently asked questions

  • Pragati Gold Private Limited was incorporated on 05 Apr 2006.

  • The authorized share capital of Pragati Gold Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 6.00 Cr.

  • Currently 2 directors are associated with Pragati Gold Private Limited.

    • Ganpatlal Vardichand Madrecha
    • Dhiraj Kumar Madrecha
  • As per Ministry of Corporate Affairs (Mca), the registered address of Pragati Gold Private Limited is 123/127 Office No. 3 1St Floor Daya Mandir Mumbadevi Road, India, Mumbai, Maharashtra, 400003.

  • The corporate identification number (CIN) of Pragati Gold Private Limited is U26101MH2006PTC160970 and the company number is 160970 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Pragati Gold Private Limited has fallen by -18.53%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Pragati Gold Private Limited has experienced an upsurge of 3.16%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Pragati Gold Private Limited amount to ₹ 139.64 Cr.

  • The most recent Balance Sheet for Pragati Gold Private Limited was filed with the ROC on 31 Mar 2023.

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