About Grameen Pragati Foundation
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Grameen Pragati Foundation is a public not for profit company based in Mumbai, Maharashtra, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2008NPL185106. Its GSTIN is 27AADCG2416J2ZP (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Grameen Pragati. It is led by directors including Dewang Sunderraj Neralla and Neeta Dewang Neralla.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.08 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹25.85 Lakh (net margin -30.8%) and EBITDA of -₹24.16 Lakh (EBITDA margin -28.7%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 120% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grameenpragati.com.
Company details
Contact details
Grameen Pragati Foundation's registered office is in Mumbai, Maharashtra. Its website is grameenpragati.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWework Vaswani Chambers 2nd, Municipal Colony Worli Shivaji, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Grameen Pragati Foundation, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Grameen Pragati Foundation is education. In detail, this covers education.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | 85 | Education |
To see the full business activity and turnover split of Grameen Pragati Foundation, buy the company report.
Financials of Grameen Pragati Foundation
FY 2025 filings availableGrameen Pragati Foundation reported revenue of ₹84.08 Lakh (up 176% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 120% over five years, including 176% growth in the latest year. EBITDA fell 23% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹24.16 Lakh | ||||
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| Net Profit (PAT) | -₹25.85 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -28.7% | ||||
| Net Profit Margin | -30.8% | ||||
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To see the full financial statements and ratios of Grameen Pragati Foundation, buy the company report.
Board of directors of Grameen Pragati Foundation
Grameen Pragati Foundation has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dewang Sunderraj Neralla Also directs: Think Spark Advisors LLP, Shreyahketa Services Private Limited, Shreevakpati Shares and Securities Private Limited and 2 more | Director | 20 Nov 2023 | 2 Years 11 Months | Current |
| Neeta Dewang Neralla | Director | 17 Jun 2020 | 6 Years 4 Months | Current |
| Amarendra Sahoo Also directs: Hiwi Forex Transaction Services Private Limited, Prithvi Exchange (India) Limited, Finsall Resources Private Limited and 3 more | Director | 17 Jun 2020 | 6 Years 4 Months | Current |
Auditor
Grameen Pragati Foundation is audited by K A SINHA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A SINHA & CO | FY 2023 | 122729W |
Shareholding
The shareholding of Grameen Pragati Foundation is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grameen Pragati Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Grameen Pragati Foundation are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grameen Pragati Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grameen Pragati Foundation has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCG2416J2ZP | Maharashtra | Active | 21 Nov 2020 |
To see the full GST registrations and return filing status of Grameen Pragati Foundation, buy the company report.
Recent activity
Grameen Pragati Foundation has 15 board changes on record since 2012: 4 appointments and 11 cessations. The latest: Dewang Sunderraj Neralla was appointed as Director on 20 Nov 2023.
6 earlier events are in the company report.
Frequently asked questions
Grameen Pragati Foundation is an active public not for profit company based in Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 July 2008 (18+ years old) and is registered under CIN U93000MH2008NPL185106.
Grameen Pragati Foundation has 3 current directors:
- Dewang Sunderraj Neralla - Director
- Neeta Dewang Neralla - Director
- Amarendra Sahoo - Director
The latest financial statements of Grameen Pragati Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Grameen Pragati Foundation is 27AADCG2416J2ZP, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Grameen Pragati Foundation is U93000MH2008NPL185106. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grameen Pragati Foundation was incorporated on 25 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Dewang Sunderraj Neralla was appointed as Director on 20 Nov 2023. Amarendra Sahoo ceased to be Additional Director on 30 Nov 2021. Neeta Dewang Neralla ceased to be Additional Director on 30 Nov 2021. Grameen Pragati Foundation has 15 board changes on record in total.
Grameen Pragati Foundation can be reached through the website grameenpragati.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Grameen Pragati Foundation is at Wework Vaswani Chambers 2nd, Municipal Colony Worli Shivaji, Mumbai, Maharashtra, India – 400025.
Grameen Pragati Foundation operates in the financial services industry, in the microfinance institutions segment.
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