About Progment Software Technologies Private Limited
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Progment Software Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2008PTC056921. Its GSTIN is 36AAECP5406C2ZR (Telangana). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Surya Narayana Reddy Maddike and Ramagopala Rao Punukollu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No.610 Aditya Trade Centre Ameerpet, Hyderabad, Telangana, India – 500016.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.47 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹48.61 Lakh (net margin -19.7%) and EBITDA of -₹40.23 Lakh (EBITDA margin -16.3%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 36% 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 progment.com.
Company details
CIN history
Progment Software Technologies has one previous CIN (Corporate Identification Number): U72900AP2008PTC056921. The current CIN is U72900TG2008PTC056921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TG2008PTC056921 | Current |
| U72900AP2008PTC056921 | Previous |
Contact details
Progment Software Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is progment.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No.610 Aditya Trade Centre Ameerpet, Hyderabad, Telangana, India – 500016
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Progment Software Technologies 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 Progment Software Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Progment Software Technologies Private Limited, buy the company report.
Financials of Progment Software Technologies Private Limited
FY 2024 filings availableProgment Software Technologies Private Limited reported revenue of ₹2.47 Cr (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA fell 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹40.23 Lakh | ||||
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| Net Profit (PAT) | -₹48.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -16.3% | ||||
| Net Profit Margin | -19.7% | ||||
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To see the full financial statements and ratios of Progment Software Technologies Private Limited, buy the company report.
Board of directors of Progment Software Technologies Private Limited
Progment Software Technologies has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surya Narayana Reddy Maddike Also directs: Smartncode Technologies Private Limited | Director | 01 Jan 2008 | 18 Years 9 Months | Current |
| Ramagopala Rao Punukollu | Director | 22 Apr 2013 | 13 Years 6 Months | Current |
| Karuna Kumar Reddy Kailasam | Director | 01 Jan 2008 | 18 Years 9 Months | Current |
| Snehith Punukollu | Director | 01 Jan 2008 | 18 Years 9 Months | Current |
Auditor
Progment Software Technologies Private Limited is audited by N S S K & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S S K & ASSOCIATES | FY 2022 | 014965S |
Shareholding
The shareholding of Progment Software Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progment Software Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progment Software Technologies 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 Progment Software Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progment Software Technologies has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECP5406C2ZR | Telangana | Active | 14 Jul 2017 |
| 37AAECP5406C2ZP | Andhra Pradesh | Active | 27 Aug 2019 |
To see the full GST registrations and return filing status of Progment Software Technologies Private Limited, buy the company report.
Recent activity
Progment Software Technologies Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Ramagopala Rao Punukollu was appointed as Director on 22 Apr 2013.
Frequently asked questions
Progment Software Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 January 2008 (18+ years old) and is registered under CIN U72900TG2008PTC056921.
Progment Software Technologies has 4 current directors:
- Surya Narayana Reddy Maddike - Director
- Ramagopala Rao Punukollu - Director
- Karuna Kumar Reddy Kailasam - Director
- Snehith Punukollu - Director
The latest financial statements of Progment Software Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progment Software Technologies is 36AAECP5406C2ZR, registered in Telangana. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 37AAECP5406C2ZP (Andhra Pradesh).
The CIN (Corporate Identification Number) of Progment Software Technologies is U72900TG2008PTC056921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progment Software Technologies was incorporated on 01 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Hyderabad.
Ramagopala Rao Punukollu was appointed as Director on 22 Apr 2013. Bhavani Devi Punukollu ceased to be Director on 15 Oct 2011. Karuna Kumar Reddy Kailasam was appointed as Director on 01 Jan 2008. Progment Software Technologies has 5 board changes on record in total.
Progment Software Technologies can be reached through the website progment.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Progment Software Technologies is at Flat No.610 Aditya Trade Centre Ameerpet, Hyderabad, Telangana, India – 500016.
Progment Software Technologies operates in the information technology industry, in the application development and software solutions segment.