About Pragati Automation Private Limited
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Pragati Automation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 05 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29199KA2001PTC029247. Its GSTIN is 29AACCP4217B1ZS (Karnataka).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹9.93 Cr. It is led by directors including Atul Suresh Bhirangi (Managing Director) and Deepak Hanumant Joglekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 413 Ivth Phase 11 Thcross Peenya Industrial Area Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹405.86 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹42.2 Cr (net margin 10.4%) and EBITDA of ₹93 Cr (EBITDA margin 22.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 14% over five years.
The company has about 294 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pragati Automation. As per MCA filings, the company has open charges of ₹182.39 Cr and satisfied charges of ₹55.27 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹158.76 Cr; the latest was in April 2021. Its 5 peer companies in the Machinery and Equipment industry (Automation, Machine Tools), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 1 smaller; the largest is D B Machine Tools Private Limited with revenue of ₹659.26 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragati-automation.com.
Company details
Contact details
Pragati Automation Private Limited's registered office is in Bangalore, Karnataka. Its website is pragati-automation.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo 413 Ivth Phase 11 Thcross Peenya Industrial Area Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Pragati Automation 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
Brands
Pragati Automation operates one associated brand: Pragati Automation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures automation components for CNC machines and industrial tools worldwide. | pragati-automation.com |
Business activity
The main business activity of Pragati Automation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Pragati Automation Private Limited, buy the company report.
Financials of Pragati Automation Private Limited
FY 2025 filings availablePragati Automation Private Limited reported revenue of ₹405.86 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 2% growth in the latest year. EBITDA rose 15% 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 | ₹93 Cr | ||||
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| Net Profit (PAT) | ₹42.2 Cr | ||||
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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 | 22.9% | ||||
| Net Profit Margin | 10.4% | ||||
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To see the full financial statements and ratios of Pragati Automation Private Limited, buy the company report.
Board of directors of Pragati Automation Private Limited
Pragati Automation has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Harihar Vasanth | Nominee Director | 19 Oct 2019 | 7 Years 0 Months | Current |
| Sulabha Suresh Kulkarni | Director | 05 Jul 2001 | 25 Years 3 Months | Current |
| Atul Suresh Bhirangi | Managing Director | 24 Dec 2003 | 22 Years 10 Months | Current |
| Deepak Hanumant Joglekar Also directs: Pragati Engineering Belgaum Private Limited, Udyam Prakashan, Pragati Control Systems Private Limited and 1 more | Whole-Time Director | 30 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Pragati Automation Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Automation, Machine Tools), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D B Machine Tools Private Limited | ₹659.26 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Cosmos Impex (India) Pvt Ltd | ₹563.26 Cr (FY 2025) | 11.0% | Vadodara, Gujarat, India | |||
| Gupta Machine Tools Private Limited | ₹482.43 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Batliboi Limited | ₹419.47 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Pragati Automation Private Limitedthis company | ₹405.86 Cr (FY 2025) | ₹42.2 Cr | 10.4% | 2.0% | 294 | Bangalore, Karnataka, India |
| Connectwell Industries Private Limited | ₹355.07 Cr (FY 2025) | 10.0% | Kalyan, Maharashtra, India |
To see the full peer comparison of Pragati Automation Private Limited, buy the company report.
Auditor
Pragati Automation Private Limited is audited by DURGA KRISHNAMURTHY & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DURGA KRISHNAMURTHY & CO | FY 2022 | 008653S |
Shareholding
The shareholding of Pragati Automation 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 Pragati Automation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2021 | 100496138 | Others | ₹14.3 Cr | Open | |
| 27 Sep 2021 | 100493045 | Others | ₹15 Cr | Open | |
| 27 Sep 2021 | 100493057 | Others | ₹55 Cr | Open | |
| 11 Mar 2019 | 100253653 | Tata Capital Financial Services Limited | ₹16 Cr | Open | |
| 27 Mar 2007 | 10048191 | Others | ₹82.09 Cr | Open |
To see the full charge records of Pragati Automation Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Pragati Automation Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹158.76 Cr; the latest was in April 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2019 | Funding round | ₹158.76 Cr | Investors: Gildemeister Beteiligungen GmbH |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pragati Automation Private Limited has 1 court case on record: 1 filed by Pragati Automation. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The Union of India and 1 other | Disposed |
To see the full case history of Pragati Automation 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
Pragati Automation Private Limited was last rated by Care on 31 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Dec 2025 |
To see the full credit ratings and regulatory alerts of Pragati Automation Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragati Automation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pragati Automation Private Limited has a workforce of 294 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Pragati Automation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCP4217B1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragati Automation Private Limited, buy the company report.
Recent activity
Pragati Automation Private Limited has 7 board changes on record since 2001: 4 appointments and 3 cessations. The latest: Deepak Hanumant Joglekar was appointed as Whole-Time Director on 30 Mar 2022.
27 earlier events are in the company report.
Frequently asked questions
Pragati Automation is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 05 July 2001 (25+ years old) and is registered under CIN U29199KA2001PTC029247.
Pragati Automation has 4 current directors:
- Atul Suresh Bhirangi - Managing Director
- Deepak Hanumant Joglekar - Whole-Time Director
- Anand Harihar Vasanth - Nominee Director
- Sulabha Suresh Kulkarni - Director
The latest financial statements of Pragati Automation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragati Automation is 29AACCP4217B1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Pragati Automation is U29199KA2001PTC029247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Automation has 1 court case on record: 1 filed by the company.
Pragati Automation was incorporated on 05 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Pragati Automation has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹158.76 Cr; the latest was in April 2021.
The peers of Pragati Automation by revenue are D B Machine Tools Private Limited, Cosmos Impex (India) Pvt Ltd, Gupta Machine Tools Private Limited, Batliboi Limited, Connectwell Industries Private Limited, all in the Machinery and Equipment industry (Automation, Machine Tools), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Deepak Hanumant Joglekar was appointed as Whole-Time Director on 30 Mar 2022. Ashok Sathe Viswanath ceased to be Director on 29 Dec 2020. Anand Harihar Vasanth was appointed as Nominee Director on 19 Oct 2019. Pragati Automation has 7 board changes on record in total.
Pragati Automation can be reached through the website pragati-automation.com. Its registered office is in Bangalore, Karnataka, India.
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