About Pragati Electricals Private Limited
Data last updated:
Pragati Electricals Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 May 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32109MH1975PTC018322. Its GSTIN is 27AAACP3897M1ZR (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.23 Cr. It is led by directors including Prashant Gune Prakash (Managing Director) and Tanvi Prashant Gune.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No R – 230 Ttcmidc Industrial Area Rabale Navi Mumbai, Thane, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹225.57 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹10.09 Cr (net margin 4.5%) and EBITDA of ₹24.25 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 18% over five years.
The company has about 343 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹98.23 Cr and satisfied charges of ₹30.3 Cr on record. Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it; 2 cases are pending. The company has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.04 Cr; the latest was in November 2023. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Pascal Switchcare India Private Limited with revenue of ₹232.1 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 2,521 overdue payments to 43 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatielectricals.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No R – 230 Ttcmidc Industrial Area Rabale Navi Mumbai, Thane, Maharashtra, India – 400701
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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 Pragati Electricals Private Limited
The main business activity of Pragati Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Pragati Electricals Private Limited FY 2025 filings available
Pragati Electricals Private Limited reported revenue of ₹225.57 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pragati Electricals Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 28% growth in the latest year. EBITDA rose 60% 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 Pragati Electricals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹24.25 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.09 Cr | •••• | •••• | •••• | •••• |
| 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 Pragati Electricals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 Pragati Electricals are in the company report.
Financial statements from 2015
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.
Board of Directors of Pragati Electricals Private Limited
Pragati Electricals has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Gune Prakash Also directs: Shopline Multitrade Private Limited | Managing Director | 10 Oct 1997 | 29 Years 0 Months | Current |
| Tanvi Prashant Gune | Director | 15 Jan 2024 | 2 Years 9 Months | Current |
| Aditya Prashant Gune Also directs: Elecon Electricals LLP | Director | 01 Mar 2023 | 3 Years 7 Months | Current |
| Prakash Prabhakar Gune Also directs: Shopline Multitrade Private Limited | Director | 06 May 1975 | 51 Years 5 Months | Current |
| Nachiket Prakash Gune | Director | 27 Jan 2007 | 19 Years 8 Months | Current |
| Cheryl Titus Mendes | Director | 10 Oct 1997 | 29 Years 0 Months | Current |
Peer Comparison of Pragati Electricals Private Limited
Pragati Electricals Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pascal Switchcare India Private Limited | ₹232.1 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| BG Electricals and Electronics India Limited | ₹231.12 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Maharashtra, India |
| Quality Power Engineering Projects Private Limited | ₹230.22 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Sangli, Maharashtra, India |
| C-Sec Technologies Private Limited | ₹230.07 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Delhi, India |
| Mecc Alte India Private Limited | ₹227.23 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Shirur, Maharashtra, India |
| Pragati Electricals Private Limited this company | ₹225.57 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Thane, Maharashtra, India |
| Megawin Switchgear Private Limited | ₹223.35 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Salem, Tamil Nadu, India |
| Kryfs Transformers Private Limited | ₹222.92 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Vadodara, Gujarat, India |
| FC Tecnrgy Private Limited | ₹221.85 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Haryana, India |
| Elle Electricals Private Limited | ₹221.06 Cr (FY 2024) | •••• | •••• | 73.0% | •••• | Mumbai, Maharashtra, India |
| Viat Instruments Pvt.Ltd. | ₹219.16 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Pragati Electricals by revenue in the Power industry (Power Equipment Manufacturers), 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 Pragati Electricals Private Limited
Pragati Electricals Private Limited is audited by V J CHOKSI & CO. LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V J CHOKSI & CO. LLP | 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.
Ownership and Shareholding of Pragati Electricals 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 Pragati Electricals Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Feb 2026 | Others | ₹26 Lakh | Open |
| 16 Dec 2025 | Others | ₹14.5 Lakh | Open |
| 09 Oct 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Open |
| 08 Oct 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Lakh | Open |
| 26 Aug 2024 | Others | ₹28.75 Lakh | Open |
Total charge records: 36 View all charges
Deals & Funding of Pragati Electricals Private Limited
Pragati Electricals Private Limited has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.04 Cr; the latest was in November 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Rights issue | ₹1.02 Cr | Investors: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pragati Electricals Private Limited
Pragati Electricals Private Limited has 17 court cases on record: 11 filed by Pragati Electricals, 6 filed against it. 2 cases are pending and 15 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 6 | 2 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Construction India Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Court case (R.C.A.) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M. P. Hule, Inspector Maha. Pvt. Security Guard | Disposed |
| District court, Calcutta, West Bengal | Court case (MEX) | Filed by the company against an individual | Disposed |
Full case history
All 17 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.
MSME Payment Delays by Pragati Electricals Private Limited
Pragati Electricals Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 2,521 overdue payments to 43 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Translam Core Private Limited | •••• | •••• | •••• |
| Advance Corporation | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Everest Electricals | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Pragati Electricals Private Limited
Pragati Electricals Private Limited has a workforce of 343 employees as of Sep 24, 2025.
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.
Group Structure of Pragati Electricals Private Limited
Pragati Electricals has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Shopline Multitrade Private Limited | U51109MH2006PTC161499 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Pragati Electricals Private Limited
Pragati Electricals Private Limited has 11 board changes on record since 1975: 6 appointments and 5 cessations. The latest: Tanvi Prashant Gune ceased to be Additional Director on 25 Sep 2024.
66 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pragati Electricals 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.
Subsidiaries & Group Companies of Pragati Electricals 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 Pragati Electricals Private Limited
Pragati Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP3897M1ZR | Maharashtra | Active | 01 Jul 2017 |
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 Pragati Electricals 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 Pragati Electricals Private Limited
Pragati Electricals is an active private limited company based in Thane, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 May 1975 (51+ years old) and is registered under CIN U32109MH1975PTC018322.
Pragati Electricals reported revenue of ₹225.57 Cr for FY 2025 (up 28% YoY).
Pragati Electricals has 6 current directors:
- Prashant Gune Prakash - Managing Director
- Tanvi Prashant Gune - Director
- Aditya Prashant Gune - Director
- Prakash Prabhakar Gune - Director
- Nachiket Prakash Gune - Director
- Cheryl Titus Mendes - Director
Pragati Electricals reported a net profit of ₹10.09 Cr (net margin 4.5%) and EBITDA of ₹24.25 Cr (EBITDA margin 10.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragati Electricals is 25% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pragati Electricals is 27AAACP3897M1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragati Electricals is U32109MH1975PTC018322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Electricals has 17 court cases on record: 11 filed by the company and 6 filed against it. 2 are pending.
Pragati Electricals was incorporated on 06 May 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.
Pragati Electricals has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.04 Cr; the latest was in November 2023.
The peers of Pragati Electricals by revenue are Pascal Switchcare India Private Limited, BG Electricals and Electronics India Limited, Quality Power Engineering Projects Private Limited, C-Sec Technologies Private Limited, Mecc Alte India Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Tanvi Prashant Gune ceased to be Additional Director on 25 Sep 2024. Tanvi Prashant Gune was appointed as Director on 15 Jan 2024. Aditya Prashant Gune ceased to be Additional Director on 28 Sep 2023. Pragati Electricals has 11 board changes on record in total.