Pragati Spinners Private Limited

Textile company specializing in processing cotton into yarn and selling to exporters and local mills.

2010 | Hyderabad, Telangana (India) | Active
Last Updated:

Pragati Spinners Profile

Key Indicators

  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 23.36 Cr
  • Company Age 14 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 42.51 Cr
  • Satisfied Charges ₹ 46.96 Cr
  • Revenue Growth -11.98%
  • Profit Growth -44.64%
  • Ebitda -7.21%
  • Net Worth 3.22%
  • Total Assets 13.78%

About Pragati Spinners

Pragati Spinners Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 14 October 2010 and has a history of 14 years and four months. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Manufacturing 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 30.00 Cr and a paid-up capital of Rs 23.36 Cr.

The company currently has active open charges totaling ₹42.51 Cr. The company has closed loans amounting to ₹46.96 Cr, as per Ministry of Corporate Affairs (MCA) records.

Padmaja Alla and Jithendra Alla serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    pragatispinners.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17200TG2010PTC070864

  • Company No.

    070864

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    14 Oct 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Manufacturing

What products or services does Pragati Spinners Private Limited offer?

Pragati Spinners Private Limited offers a wide range of products and services, including Cotton Yarn, Open End Cotton Yarn, Yarn, Weaving Yarn, Combed Cotton Yarn, Yarns & Threads, Textile Yarn.

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

Board Members (2)

NameDesignationAppointment DateStatus
Padmaja Alla Country flag representing In Director 14-Oct-2010Current
Jithendra Alla Country flag representing In Director 14-Oct-2010Current

Financial Performance of Pragati Spinners.

Pragati Spinners Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.98% decrease. The company also saw a substantial fall in profitability, with a 44.64% decrease in profit. The company's net worth moved up by a moderate rise of 3.22%.

Pragati Spinners revenue growth over time
Pragati Spinners 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
-11.98%
Revenue from Operations
-11.87%
Total Assets
13.78%
Profit or Loss
-44.64%
Net Worth
3.22%
EBITDA
-7.21%

What is the Ownership and Shareholding Structure of Pragati Spinners?

In 2023, Pragati Spinners 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

₹42.51 Cr

Satisfied Charges

₹46.96 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 42.30 Cr
  • Others : 0.21 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jul 2022Hdfc Bank Limited₹42.30 CrOpen
07 Dec 2017Others₹2.10 MOpen
24 Sep 2011Indian Overseas Bank₹46.96 CrSatisfied

How Many Employees Work at Pragati Spinners?

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

Employee growth trends for Pragati Spinners Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Pragati Spinners, 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 Spinners'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 Spinners

Recent activity within the organization

  • Annual General Meeting

    Pragati Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

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

  • Charges

    A charge registered on 24 Sep 2011 via Charge ID 10314654 with Indian Overseas Bank was fully satisfied on 06 Oct 2022.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 42.30 Cr registered on 27 Jul 2022 with Charge ID 100607014 was modified on 12 Aug 2022.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 42.30 Cr with Charge ID 100607014 was registered on 27 Jul 2022.

  • Charges

    A charge with Indian Overseas Bank of Rs. 46.96 Cr registered on 24 Sep 2011 with Charge ID 10314654 was modified on 23 Aug 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Pragati Spinners Private Limited?

    Pragati Spinners Private Limited was incorporated on 14 Oct 2010.

  • What is authorized share capital and paid-up capital of Pragati Spinners Private Limited?

    The authorized share capital of Pragati Spinners Private Limited is ₹ 30.00 Cr and paid-up capital is ₹ 23.36 Cr.

  • Who are the current board members & directors of Pragati Spinners Private Limited?

    Currently 2 directors are associated with Pragati Spinners Private Limited.

    • Padmaja Alla
    • Jithendra Prasad Babu Alla

  • What is the registered address of Pragati Spinners Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Pragati Spinners Private Limited is Flat No. 405 Block No. 16 Malaysia Township Kphb Colony, Hyderabad, Telangana, India, 500072.

  • What is the corporate identification number (CIN) and company number of Pragati Spinners Private Limited?

    The corporate identification number (CIN) of Pragati Spinners Private Limited is U17200TG2010PTC070864 and the company number is 070864 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Pragati Spinners Private Limited?

    The Official website of Pragati Spinners Private Limited is https://www.pragatispinners.com

  • What has been the recent revenue trend for Pragati Spinners Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Pragati Spinners Private Limited has fallen by -11.98%.

  • What change has been observed in the net worth of Pragati Spinners Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Pragati Spinners Private Limited has experienced an upsurge of 3.22%.

  • What are the total open charges for Pragati Spinners Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Pragati Spinners Private Limited amount to ₹ 42.51 Cr.

  • When was the last Balance Sheet of Pragati Spinners Private Limited filed with the ROC?

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

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