Progwell Innovations Private Limited
About Progwell Innovations Private Limited
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Progwell Innovations Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the research and development sector. It was incorporated on 10 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2014PTC255424. Its GSTIN is 27AAHCP7058B1ZE (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhupinder Singh Malhotra and Rajesh Jagannath Shetty.
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 1205 Juniper Everest World Kolshet Road Near Dhokali Naka Thane (West), Maharashtra, India – 400607.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.75 Lakh, a growth of 93% compared to the previous year. For the same year it recorded a net loss of ₹2.89 Lakh (net margin -77.1%) and EBITDA of -₹2.86 Lakh (EBITDA margin -76.2%). Revenue has grown at a compounded annual rate (CAGR) of 142% over three years and 159% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Progwell Innovations Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1205 Juniper Everest World Kolshet Road Near Dhokali Naka Thane (West), Maharashtra, India – 400607
- IndustryResearch & Development, Research & Development
To see the full contact details of Progwell Innovations 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 Progwell Innovations is professional, scientific and technical activities. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 72 | Scientific research and development |
To see the full business activity and turnover split of Progwell Innovations Private Limited, buy the company report.
Financials of Progwell Innovations Private Limited
FY 2025 filings availableProgwell Innovations Private Limited reported revenue of ₹3.75 Lakh (up 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 159% over five years, including 93% growth in the latest year. EBITDA fell 78% 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 | -₹2.86 Lakh | ||||
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| Net Profit (PAT) | -₹2.89 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 | -76.2% | ||||
| Net Profit Margin | -77.1% | ||||
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To see the full financial statements and ratios of Progwell Innovations Private Limited, buy the company report.
Board of directors of Progwell Innovations Private Limited
Progwell Innovations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupinder Singh Malhotra Also directs: BSM Digitech Private Limited, BSM Micro Services Foundation | Director | 10 Jun 2014 | 12 Years 4 Months | Current |
| Rajesh Jagannath Shetty | Director | 10 Jun 2014 | 12 Years 4 Months | Current |
Auditor
Progwell Innovations Private Limited is audited by KIRAN DAMLE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRAN DAMLE & CO | FY 2017 | 124015W |
Shareholding
The shareholding of Progwell Innovations Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Progwell Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progwell Innovations 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 Progwell Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progwell Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP7058B1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progwell Innovations Private Limited, buy the company report.
Recent activity
Progwell Innovations Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Bhupinder Singh Malhotra was appointed as Director on 10 Jun 2014.
Frequently asked questions
Progwell Innovations is an active private limited company based in Thane, Maharashtra, India. The company works in the research and development industry. It was incorporated on 10 June 2014 (12+ years old) and is registered under CIN U74120MH2014PTC255424.
Progwell Innovations has 2 current directors:
- Bhupinder Singh Malhotra - Director
- Rajesh Jagannath Shetty - Director
The latest financial statements of Progwell Innovations 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 Progwell Innovations is 27AAHCP7058B1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progwell Innovations is U74120MH2014PTC255424. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progwell Innovations was incorporated on 10 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhupinder Singh Malhotra was appointed as Director on 10 Jun 2014. Rajesh Jagannath Shetty was appointed as Director on 10 Jun 2014.
The registered office of Progwell Innovations is at 1205 Juniper Everest World Kolshet Road Near Dhokali Naka Thane West, Maharashtra, India – 400607.
Progwell Innovations operates in the research and development industry.
The compliance status of Progwell Innovations is compliant as of 04 July 2026. The company is actively filing with the Registrar of Companies.
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