About Pragati Business Limited
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Pragati Business Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 28 April 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51191WB1981PLC033602.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹74.43 Lakh. It is led by directors including Ajit Kumar Ghosh and Pavan Kumar Poddar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hongkong House31 B D Bag (South), Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.4 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹16,503 (net margin 2%) and EBITDA of ₹2.64 Lakh (EBITDA margin 31.4%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 16% over five years.
Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatibusiness.co.in.
Company details
CIN history
Pragati Business has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51191WB1981PLC033602, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51191WB1981PLC033602 | Current |
| U51191WB1981PTC033602 | Previous |
| L51191WB1981PLC033602 | Previous |
Contact details
Pragati Business Limited's registered office is in Kolkata, West Bengal. Its website is pragatibusiness.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHongkong House31 B D Bag (South), Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Pragati Business 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 activities of Pragati Business are real estate and financial and insurance service. In detail, this covers real estate activities with own or leased property and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Pragati Business Limited, buy the company report.
Financials of Pragati Business Limited
FY 2023 filings availablePragati Business Limited reported revenue of ₹8.4 Lakh (down 38% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 54% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹2.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16,503 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.4% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Pragati Business Limited, buy the company report.
Board of directors of Pragati Business Limited
Pragati Business has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Poddar | Additional Director | 15 Jan 2025 | 1 Years 9 Months | Current |
| Ajit Kumar Ghosh Also directs: Hope Enterprises Private Limited, Veetex Commerce Private Limited, Inspec Oils Limited and 5 more | Director | 18 Jun 1992 | 34 Years 4 Months | Current |
| Pavan Kumar Poddar | Director | 25 Aug 1984 | 42 Years 2 Months | Current |
Peer comparison
Pragati Business Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Investment Banking, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Niki Infrastructure Private Limited | ₹8.4 Lakh (FY 2016) | 5463.0% | Ahmedabad, Gujarat, India | |||
| Coastal Commercial & Exim Limited. | ₹8.4 Lakh (FY 2020) | Kolkata, West Bengal, India | ||||
| Pragati Business Limitedthis company | ₹8.4 Lakh (FY 2023) | ₹16,503 | 2% | -38.0% | Kolkata, West Bengal, India | |
| Green Oak Estates Private Limited | ₹8.4 Lakh (FY 2021) | 13.0% | New Delhi, Delhi, India | |||
| Bihariji Infracon Private Limited | ₹8.38 Lakh (FY 2025) | 28.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Pragati Business Limited, buy the company report.
Auditor
Pragati Business Limited is audited by DINESH K YADAV & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH K YADAV & ASSOCIATES | FY 2021 | 011308C |
Shareholding
The shareholding of Pragati Business Limited is on record for 4 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pragati Business Limited, buy the company report.
Legal cases
Pragati Business Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court | Court case (IP) | Filed against the company by an individual | Disposed |
To see the full case history of Pragati Business 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragati Business Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Pragati Business Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragati Business Limited has 4 board changes on record since 1984: 3 appointments and 1 cessation. The latest: Ashok Kumar Poddar was appointed as Additional Director on 15 Jan 2025.
Frequently asked questions
Pragati Business is an active public limited company based in Kolkata, West Bengal, India. The company works in financial activities, within the financial services industry. It was incorporated on 28 April 1981 (45+ years old) and is registered under CIN U51191WB1981PLC033602.
Pragati Business has 3 current directors:
- Ashok Kumar Poddar - Additional Director
- Ajit Kumar Ghosh - Director
- Pavan Kumar Poddar - Director
The latest financial statements of Pragati Business on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pragati Business is U51191WB1981PLC033602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Business has 3 court cases on record: 3 filed against it. Most are in the district courts.
Pragati Business was incorporated on 28 April 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Pragati Business by revenue are Niki Infrastructure Private Limited, Coastal Commercial & Exim Limited, Green Oak Estates Private Limited, Bihariji Infracon Private Limited, all in the BFSI industry (Investment Banking, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Ashok Kumar Poddar was appointed as Additional Director on 15 Jan 2025. Bimal Kumar Poddar ceased to be Director on 15 Jan 2025. Ajit Kumar Ghosh was appointed as Director on 18 Jun 1992. Pragati Business has 4 board changes on record in total.
Pragati Business can be reached through the website pragatibusiness.co.in. Its registered office is in Kolkata, West Bengal, India.
The registered office of Pragati Business is at Hongkong House31 B D Bag South, Kolkata, West Bengal, India – 700001.
Pragati Business operates in the financial services industry, in the financial activities segment.
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