Progas Systems Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
- Paid Up Capital ₹ 1.52 M
- Company Age 11 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.74 Cr
- Satisfied Charges ₹ 7.50 M
- Revenue Growth 61.07%
- Profit Growth 6.26%
- Ebitda -17.85%
- Net Worth 22.07%
- Total Assets 21.68%
About Progas Systems
Progas Systems Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 September 2013 and has a history of 11 years and five months. Its registered office is in Vasai, Maharashtra.
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 2.00 M and a paid-up capital of Rs 1.52 M.
The company currently has active open charges totaling ₹1.74 Cr. The company has closed loans amounting to ₹7.50 M, as per Ministry of Corporate Affairs (MCA) records.
Sandeep Balasubramanian, Santhanam Rajagopal, Mahesh Kolavi, and One other member serve as directors at the Company.
Company Details
- Location Vasai, Maharashtra
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U28100MH2013PTC247777
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Company No.
247777
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
02 Sep 2013
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
What products or services does Progas Systems Private Limited offer?
Progas Systems Private Limited offers a wide range of products and services, including Ball Valves, Two Piece Ball Valve, Laboratory & Lab Equipment, Lab Accessories, Gas Cylinders and Accessories, Gas Cylinders, Material Handling Machines & Systems, Fuel Handling System, Industrial Valves & Valve Fittings, Manifold Valves.
Who are the key members and board of directors at Progas Systems?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shantilal Baldota
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Director | 02-Sep-2013 | Current |
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Sandeep Balasubramanian
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Director | 02-Sep-2013 | Current |
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Santhanam Rajagopal
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Director | 30-May-2024 | Current |
| Mahesh Kolavi | Director | 30-May-2024 | Current |
Financial Performance of Progas Systems.
Progas Systems Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 61.07% increase. The company also saw a slight improvement in profitability, with a 6.26% increase in profit. The company's net worth Soared by an impressive increase of 22.07%.
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What is the Ownership and Shareholding Structure of Progas Systems?
In 2021, Progas Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Progas Tripti LlpSandeep Balasubramanian, Santhanam Rajagopal and 1 more are mutual person
Charges (Loans)
₹17.40 M
₹7.50 M
Charges Breakdown by Lending Institutions
- Others : 1.70 Cr
- Bank Of India : 0.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2022 | Others | ₹1.70 Cr | Open |
| 15 Jun 2020 | Bank Of India | ₹0.40 M | Open |
| 28 May 2018 | Bank Of India | ₹7.50 M | Satisfied |
How Many Employees Work at Progas Systems?
Progas Systems has a workforce of 8 employees as of Mar 22, 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 Progas Systems, 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 Progas Systems'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.