Pragati Multi Services Private Limited
About Pragati Multi Services Private Limited
Data last updated:
Pragati Multi Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 02 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U22100MH2014PTC255353. Its GSTIN is 27AAHCP7065Q1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dharamchand Mishrilal Jain and Vardan Vinod Bora.
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 ₹1.75 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Lakh (net margin 71.4%) and EBITDA of ₹1.33 Lakh (EBITDA margin 76.2%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 75% over five years.
The company has about 253 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUnit No – 20 2nd Floor Lodha Supremus Dr E. Moses Road Worli N, Aka, Mumbai, Maharashtra, India – 400018
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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
- One PDF report, delivered after checkout
Business Activity of Pragati Multi Services Private Limited
The main business activity of Pragati Multi Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pragati Multi Services Private Limited FY 2025 filings available
Pragati Multi Services Private Limited reported revenue of ₹1.75 Lakh (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pragati Multi Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years. EBITDA rose 106% 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 of Pragati Multi Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.33 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.25 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pragati Multi Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 76.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 71.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pragati Multi Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pragati Multi Services Private Limited
Pragati Multi Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paraclete People Solutions Private Limited | ₹1.76 Lakh (FY 2024) | •••• | •••• | -67.0% | •••• | Thane, Maharashtra, India |
| Planethr Peoplesource Private Limited | ₹1.75 Lakh (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Cia Security & Human Resource Services Private Limited | ₹1.75 Lakh (FY 2024) | •••• | •••• | -68.0% | •••• | Faridabad, Haryana, India |
| Shomuk Consultancy Services Private Limited | ₹1.75 Lakh (FY 2022) | •••• | •••• | 291567.0% | •••• | Kolkata, West Bengal, India |
| Pratham Skill Enterprises (OPC) Private Limited | ₹1.75 Lakh (FY 2018) | •••• | •••• | -44.0% | •••• | Delhi, India |
| Pragati Multi Services Private Limited this company | ₹1.75 Lakh (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Al-Mehraj Services Private Limited | ₹1.74 Lakh (FY 2025) | •••• | •••• | 135.0% | •••• | Amberpet, Telangana, India |
| Impaxive Consultants Private Limited | ₹1.73 Lakh (FY 2024) | •••• | •••• | 71.0% | •••• | Ernakulam, Kerala, India |
| Virtutas Global IT Solutions Private Limited | ₹1.73 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Bengaluru, Karnataka, India |
| Fede Foi Solutions Private Limited | ₹1.72 Lakh (FY 2017) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Pratique Global HR Solutions Private Limited | ₹1.71 Lakh (FY 2025) | •••• | •••• | -92.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Pragati Multi Services by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pragati Multi Services Private Limited
Pragati Multi Services Private Limited is audited by M S AJMERA AND ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M S AJMERA AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pragati Multi Services Private Limited
Pragati Multi Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharamchand Mishrilal Jain | Director | 02 Jun 2014 | 12 Years 4 Months | Current |
| Vardan Vinod Bora | Director | 02 Jun 2014 | 12 Years 4 Months | Current |
Ownership and Shareholding of Pragati Multi Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pragati Multi Services Private Limited
Pragati Multi Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Pragati Multi Services Private Limited
Pragati Multi Services Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Company is another party | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Pragati Multi Services Private Limited
Pragati Multi Services Private Limited has a workforce of 253 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Pragati Multi Services Private Limited
Pragati Multi Services has one previous CIN (Corporate Identification Number): U74120MH2014PTC255353. The current CIN is U22100MH2014PTC255353, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U22100MH2014PTC255353 | Current |
| U74120MH2014PTC255353 | Previous |
Recent Activity on Pragati Multi Services Private Limited
Pragati Multi Services Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Dharamchand Mishrilal Jain was appointed as Director on 02 Jun 2014.
Credit Ratings, Litigation & Regulatory Alerts for Pragati Multi Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pragati Multi Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pragati Multi Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pragati Multi Services Private Limited
Pragati Multi Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP7065Q1ZK | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pragati Multi Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pragati Multi Services Private Limited
Pragati Multi Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 02 June 2014 (12+ years old) and is registered under CIN U22100MH2014PTC255353.
Pragati Multi Services reported revenue of ₹1.75 Lakh for FY 2025 (down 100% YoY).
Pragati Multi Services has 2 current directors:
- Dharamchand Mishrilal Jain - Director
- Vardan Vinod Bora - Director
Pragati Multi Services reported a net profit of ₹1.25 Lakh (net margin 71.4%) and EBITDA of ₹1.33 Lakh (EBITDA margin 76.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragati Multi Services is -90% over three years and -75% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pragati Multi Services is 27AAHCP7065Q1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragati Multi Services is U22100MH2014PTC255353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Multi Services has 1 court case on record. 1 is pending.
Pragati Multi Services was incorporated on 02 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pragati Multi Services by revenue are Paraclete People Solutions Private Limited, Planethr Peoplesource Private Limited, Cia Security & Human Resource Services Private Limited, Shomuk Consultancy Services Private Limited, Pratham Skill Enterprises (OPC) Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Dharamchand Mishrilal Jain was appointed as Director on 02 Jun 2014. Vardan Vinod Bora was appointed as Director on 02 Jun 2014.