Pragati Commerce Private Limited
About Pragati Commerce Private Limited
Data last updated:
Pragati Commerce Private Limited was a private limited company based in Raipur, Chhattisgarh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 06 November 2007.
The company was registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U51109CT2007PTC008310.
The company had an authorised share capital of ₹1.02 Cr and a paid-up capital of ₹1.01 Cr. It was led by directors Sandeep Kumar Jain and Varun Agrawal.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 27/607 Vandana Building M.G.Road, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.38 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹7.32 Cr and EBITDA of -₹7.32 Cr. Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 60% over five years.
Company details
CIN history
Pragati Commerce has one previous CIN (Corporate Identification Number): U51109WB2007PTC120254. The current CIN is U51109CT2007PTC008310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109CT2007PTC008310 | Current |
| U51109WB2007PTC120254 | Previous |
Contact details
Pragati Commerce Private Limited's registered office is in Raipur, Chhattisgarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address27/607 Vandana Building M.G.Road, Raipur, Chhattisgarh, India – 492001
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Pragati Commerce Private Limited, 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 Pragati Commerce is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pragati Commerce Private Limited, buy the company report.
Financials of Pragati Commerce Private Limited
FY 2023 filings availablePragati Commerce Private Limited reported revenue of ₹1.38 Lakh (up 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 11% growth in the latest year. EBITDA fell 86% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.38 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹7.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
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| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Pragati Commerce Private Limited, buy the company report.
Board of directors of Pragati Commerce Private Limited
Pragati Commerce has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Jain Also directs: Sunny Breads and Bakeries Pvt Ltd, Vandana Rolling Mills Private Limited, Vandana Ispat Private Limited and 2 more | Director | 22 Mar 2011 | 15 Years 7 Months | As last reported |
| Varun Agrawal Also directs: Sunny Breads and Bakeries Pvt Ltd, Vidarbhaa Ispat Private Limited, Galaxee Liosioning Pvt Ltd and 2 more | Director | 01 Sep 2014 | 12 Years 1 Months | As last reported |
Peer comparison
Pragati Commerce Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Legendary Traders Pvt Ltd | ₹1.38 Lakh (FY 2019) | Mumbai, Maharashtra, India | ||||
| Delve Agricole Farmers Associates Private Limited | ₹1.38 Lakh (FY 2022) | 207.0% | Vasai, Maharashtra, India | |||
| Flourish Dairyfarms Private Limited | ₹1.38 Lakh (FY 2025) | 1280.0% | Ahmedabad, Gujarat, India | |||
| Xerophyte Electronics Private Limited | ₹1.38 Lakh (FY 2016) | 76.0% | Dehradun, Uttarakhand, India | |||
| Kiaan Associates Private Limited | ₹1.38 Lakh (FY 2025) | -86.0% | Delhi, India | |||
| Pragati Commerce Private Limitedthis company | ₹1.38 Lakh (FY 2023) | -₹7.32 Cr | 11.0% | Raipur, Chhattisgarh, India | ||
| Empire Mercantile Private Limited. | ₹1.38 Lakh (FY 2025) | -99.0% | Gandhidham, Gujarat, India | |||
| Hariom Sales Private Limited | ₹1.38 Lakh (FY 2018) | -93.0% | Ahmedabad, Gujarat, India | |||
| Kiotel Automation Private Limited | ₹1.38 Lakh (FY 2025) | -98.0% | Navi Mumbai, Maharashtra, India | |||
| L.S.O. Enterprises Private Limited | ₹1.38 Lakh (FY 2022) | Sonipat, Haryana, India | ||||
| Greyapplez India Services Private Limited | ₹1.38 Lakh (FY 2025) | -51.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Pragati Commerce Private Limited, buy the company report.
Auditor
Pragati Commerce Private Limited is audited by JYOTI AGRAWAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JYOTI AGRAWAL & CO | FY 2023 | 003508C |
Shareholding
The shareholding of Pragati Commerce Private Limited 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 Pragati Commerce Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pragati Commerce Private Limited 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 Pragati Commerce Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pragati Commerce has 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Pragati Commerce Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragati Commerce Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Subhash Chand Agrawal ceased to be Director on 02 Sep 2014.
Frequently asked questions
Pragati Commerce has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pragati Commerce was a private limited company based in Raipur, Chhattisgarh, India. The company worked in other wholesale, within the trading industry. It was incorporated on 06 November 2007 and is registered under CIN U51109CT2007PTC008310. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pragati Commerce was incorporated on 06 November 2007. It is registered with the Registrar of Companies, Chhattisgarh.
Pragati Commerce had 2 directors:
- Sandeep Kumar Jain - Director
- Varun Agrawal - Director
The CIN (Corporate Identification Number) of Pragati Commerce is U51109CT2007PTC008310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pragati Commerce is at 27607 Vandana Building M.G.Road, Raipur, Chhattisgarh, India – 492001.
The latest financial statements of Pragati Commerce on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
Pragati Commerce operated in the trading industry, in the other wholesale segment.
The peers of Pragati Commerce by revenue are Legendary Traders Pvt Ltd, Delve Agricole Farmers Associates Private Limited, Flourish Dairyfarms Private Limited, Xerophyte Electronics Private Limited, Kiaan Associates Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Subhash Chand Agrawal ceased to be Director on 02 Sep 2014. Varun Agrawal was appointed as Director on 01 Sep 2014. Dhiraj Kumar Shaw ceased to be Director on 26 May 2011. Pragati Commerce has 5 board changes on record in total.
The compliance status of Pragati Commerce is compliant as of 14 July 2026.