Pragatej Builders and Developers Private Limited
About Pragatej Builders and Developers Private Limited
Data last updated:
Pragatej Builders and Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Micro Infrastructure India Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1996PTC098204. Its GSTIN is 27AACCP1869R1ZN (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Nandkishore Bhandari and Jitendra Tejraj Lunia.
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 B Jagdish Building 185 15th Road, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.6 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹52.48 Lakh (net margin 2.1%) and EBITDA of ₹71.35 Lakh (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 186% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹20 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2019. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Royal Palms (India) Private Limited with revenue of ₹24.6 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pragatej Builders and Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat B Jagdish Building 185 15th Road, Mumbai, Maharashtra, India – 400071
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pragatej Builders and Developers 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 Pragatej Builders and Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Pragatej Builders and Developers Private Limited, buy the company report.
Financials of Pragatej Builders and Developers Private Limited
FY 2024 filings availablePragatej Builders and Developers Private Limited reported revenue of ₹24.6 Cr (down 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 186%. EBITDA fell 85% 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 |
|---|---|---|---|---|---|
| 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 | ₹71.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.48 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pragatej Builders and Developers Private Limited, buy the company report.
Board of directors of Pragatej Builders and Developers Private Limited
Pragatej Builders and Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandkishore Bhandari | Director | 06 Feb 2023 | 3 Years 8 Months | Current |
| Jitendra Tejraj Lunia | Director | 01 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Pragatej Builders and Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Royal Palms (India) Private Limited | ₹24.6 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Pragatej Builders and Developers Private Limitedthis company | ₹24.6 Cr (FY 2024) | ₹52.48 Lakh | 2.1% | -70.0% | Mumbai, Maharashtra, India | |
| Nirmal NCCC Construction Private Limited | ₹24.58 Cr (FY 2017) | -60.0% | Mumbai, Maharashtra, India | |||
| Landmark Housing Projects Chennai Private Limited | ₹24.56 Cr (FY 2022) | -73.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Pragatej Builders and Developers Private Limited, buy the company report.
Auditor
Pragatej Builders and Developers Private Limited is audited by SANJAY K LODHA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY K LODHA & ASSOCIATES | FY 2022 | 111050 |
Shareholding
The shareholding of Pragatej Builders and Developers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pragatej Builders and Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2014 | 10504956 | Bank of Baroda | ₹20 Cr | Satisfied |
To see the full charge records of Pragatej Builders and Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Pragatej Builders and Developers Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Micro Labs Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pragatej Builders and Developers Private Limited has 14 court cases on record: 9 filed by Pragatej Builders and Developers, 5 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 3 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Municipal Corporation of Greater Mumbai and 2 Ors. and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
To see the full case history of Pragatej Builders and Developers Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Pragatej Builders and Developers Private Limited was last rated by Icra on 08 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Sep 2020 |
To see the full credit ratings and regulatory alerts of Pragatej Builders and Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragatej Builders and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pragatej Builders and Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP1869R1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragatej Builders and Developers Private Limited, buy the company report.
Recent activity
Pragatej Builders and Developers Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Nandkishore Bhandari ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Pragatej Builders and Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 March 1996 (30+ years old) and is registered under CIN U45200MH1996PTC098204.
Pragatej Builders and Developers has 2 current directors:
- Nandkishore Bhandari - Director
- Jitendra Tejraj Lunia - Director
The latest financial statements of Pragatej Builders and Developers 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 Pragatej Builders and Developers is 27AACCP1869R1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragatej Builders and Developers is U45200MH1996PTC098204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragatej Builders and Developers has 14 court cases on record: 9 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Pragatej Builders and Developers was incorporated on 18 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Pragatej Builders and Developers has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
The peers of Pragatej Builders and Developers by revenue are Royal Palms (India) Private Limited, Nirmal NCCC Construction Private Limited, Landmark Housing Projects Chennai Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Nandkishore Bhandari ceased to be Additional Director on 29 Sep 2023. Nandkishore Bhandari was appointed as Director on 06 Feb 2023. Neha Nandkishore Bhandari ceased to be Director on 06 Feb 2023. Pragatej Builders and Developers has 6 board changes on record in total.
The registered office of Pragatej Builders and Developers is at Flat B Jagdish Building 185 15th Road, Mumbai, Maharashtra, India – 400071.