Pragathi Chits (Nalgonda) Private Limited
About Pragathi Chits (Nalgonda) Private Limited
Data last updated:
Pragathi Chits (Nalgonda) Private Limited is a private limited company based in Nalgonda, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65990TG2016PTC110427.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Bashetti Ashok (Managing Director) and Praveen Kumar Bashetty.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Nalgonda, Telangana.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.15 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹32,181 (net margin 3.5%) and EBITDA of ₹45,923 (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShop.No. 153 First Floor Padmajyothi Complex Savarkar Nagar Road, Ramagiri, Nalgonda, Telangana, India – 508001
- IndustryFinancial Services, Microfinance Institutions
- 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 Pragathi Chits (Nalgonda) Private Limited
The main business activity of Pragathi Chits (Nalgonda) is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Pragathi Chits (Nalgonda) Private Limited FY 2021 filings available
Pragathi Chits (Nalgonda) Private Limited reported revenue of ₹9.15 Lakh (down 30% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Pragathi Chits (Nalgonda) Private Limited
Revenue fell 30% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 24% 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 Pragathi Chits (Nalgonda) Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹45,923 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32,181 | •••• | •••• | •••• | •••• |
| 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 Pragathi Chits (Nalgonda) Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 Pragathi Chits (Nalgonda) are in the company report.
Financial statements from FY 2017
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 Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Boby Chemmanur (No.1) Chits Private Limited | ₹9.34 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | Thrissur, Kerala, India |
| Kodish Nidhi Limited | ₹9.28 Lakh (FY 2019) | •••• | •••• | 12623.0% | •••• | Kozhikode, Kerala, India |
| Lakshmiganapathi Chits Private Limited | ₹9.27 Lakh (FY 2022) | •••• | •••• | -70.0% | •••• | Suryapet, Telangana, India |
| Karunagappally Nidhi Limited | ₹9.26 Lakh (FY 2023) | •••• | •••• | •••• | Karunagappally, Kerala, India | |
| K M L M Chits India Limited | ₹9.22 Lakh (FY 2023) | •••• | •••• | -33.0% | •••• | Kochi, Kerala, India |
| Pragathi Chits (Nalgonda) Private Limited this company | ₹9.15 Lakh (FY 2021) | •••• | •••• | -30.0% | •••• | Nalgonda, Telangana, India |
| Deal Well Chit Fund Private Limited | ₹9.1 Lakh (FY 2025) | •••• | •••• | -80.0% | •••• | Telangana, India |
| Nakulo Kuries Private Limited | ₹9.02 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Thrissur, Kerala, India |
| Blue Chip India Ltd Listed | ₹9.01 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Kolkata, West Bengal, India |
| Saurashtra Oil Mills Private Limited | ₹9 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Amdawadi Ghanchi Nidhi Limited | ₹8.97 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Pragathi Chits (Nalgonda) by revenue in the BFSI industry (Micro Finance), 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 Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) Private Limited is audited by B.SRINATH for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.SRINATH | 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 Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kumar Bashetty | Director | 22 Jun 2016 | 10 Years 3 Months | Current |
| Kumar Parepally | Director | 22 Jun 2016 | 10 Years 3 Months | Current |
| Pushpalatha Bashetti | Director | 22 Jun 2016 | 10 Years 3 Months | Current |
| Ravindrababu Gajji | Director | 22 Jun 2016 | 10 Years 3 Months | Current |
| Bashetti Ashok | Managing Director | 22 Jun 2016 | 10 Years 3 Months | Current |
| Balaraju Tadishetti | Director | 22 Jun 2016 | 10 Years 3 Months | Current |
Ownership and Shareholding of Pragathi Chits (Nalgonda) 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 Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) Private Limited has 3 court cases on record: 3 filed against it. All cases are pending. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nalgonda, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Nalgonda, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Nalgonda, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
Full case history
All 3 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 Pragathi Chits (Nalgonda) Private Limited
Employment history and EPFO contributions of people linked to Pragathi Chits (Nalgonda).
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.
Recent Activity on Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) Private Limited has 10 board changes on record since 2016: 6 appointments and 4 cessations. The latest: Praveen Kumar Bashetty ceased to be Director on 28 Nov 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pragathi Chits (Nalgonda) 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 Pragathi Chits (Nalgonda) 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 Pragathi Chits (Nalgonda) 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 Pragathi Chits (Nalgonda) Private Limited
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 Pragathi Chits (Nalgonda) 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 Pragathi Chits (Nalgonda) Private Limited
Pragathi Chits (Nalgonda) is an active private limited company based in Nalgonda, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 22 June 2016 (10+ years old) and is registered under CIN U65990TG2016PTC110427.
Pragathi Chits (Nalgonda) reported revenue of ₹9.15 Lakh for FY 2021 (down 30% YoY).
Pragathi Chits (Nalgonda) has 6 current directors:
- Bashetti Ashok - Managing Director
- Praveen Kumar Bashetty - Director
- Kumar Parepally - Director
- Pushpalatha Bashetti - Director
- Ravindrababu Gajji - Director
- Balaraju Tadishetti - Director
Pragathi Chits (Nalgonda) reported a net profit of ₹32,181 (net margin 3.5%) and EBITDA of ₹45,923 (EBITDA margin 5%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragathi Chits (Nalgonda) is 23% over three years. In the latest year (FY 2021) revenue fell 30%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Pragathi Chits (Nalgonda) is U65990TG2016PTC110427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragathi Chits (Nalgonda) has 3 court cases on record: 3 filed against it. 3 are pending.
Pragathi Chits (Nalgonda) was incorporated on 22 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Pragathi Chits (Nalgonda) by revenue are Boby Chemmanur (No.1) Chits Private Limited, Kodish Nidhi Limited, Lakshmiganapathi Chits Private Limited, Karunagappally Nidhi Limited, K M L M Chits India Limited and 5 more, all in the BFSI industry (Micro Finance).
Praveen Kumar Bashetty ceased to be Director on 28 Nov 2022. Pushpalatha Bashetti ceased to be Director on 28 Nov 2022. Ravindrababu Gajji ceased to be Director on 28 Nov 2022. Pragathi Chits (Nalgonda) has 10 board changes on record in total.
The registered office of Pragathi Chits (Nalgonda) is at Shop.No. 153 First Floor Padmajyothi Complex Savarkar Nagar Road, Ramagiri, Nalgonda, Telangana, India – 508001.