Pragati Engineering Belgaum Private Limited

Pragati Engineering Belgaum Private Limited - machinery and equipment in Belgaum, Karnataka, India. FY 2026 financials & compliance.
CIN U03110KA1988PTC009204 Incorporated 16 June 1988 ROC Bangalore HQ Belgaum, Karnataka, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹44.15 Cr
▲ 6% YoY
Net profit · FY 2025
₹26.31 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹4.59 Cr
EBITDA margin 10.4%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.39 Cr
Issued & subscribed
Open charges
₹18.42 Cr
Satisfied ₹57.82 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
104
Provident fund records

About Pragati Engineering Belgaum Private Limited

Data last updated:

Pragati Engineering Belgaum Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 16 June 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U03110KA1988PTC009204. Its GSTIN is 29AABCP0858K1Z3 (Karnataka).

The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.39 Cr. It was formerly known as P.N.B. Engineers Pvt Ltd and Pnb Engineers Private Limited. It is led by directors including Mahesh Suresh Bhirangi (Managing Director) and Suresh Ramchandra Bhirangi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at R. S. No. 664 Hissa No. 2 Opposite Alucast Waghwade Road Machhe, Belgaum, Karnataka, India – 590014.

As per the financials filed for FY 2025, the company reported a revenue of ₹44.15 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹26.31 Lakh (net margin 0.6%) and EBITDA of ₹4.59 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 19% over five years.

The company has about 104 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹18.42 Cr and satisfied charges of ₹57.82 Cr on record.

Pragati Engineering Belgaum Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0018880). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatibelgaum.co.in.

Company details

CIN U03110KA1988PTC009204
Registration Number 009204
Incorporation Date 16 June 1988
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-04-0018880

Name history

Pragati Engineering Belgaum has undergone 2 name changes throughout its history. The company was previously known as P.N.B. Engineers Pvt Ltd, and Pnb Engineers Private Limited. The current legal name is Pragati Engineering Belgaum Private Limited.

Company NameStatus
Pragati Engineering Belgaum Private LimitedCurrent
P.N.B. Engineers Pvt LtdPrevious
Pnb Engineers Private LimitedPrevious
Key People
Mahesh Suresh Bhirangi Managing Director Suresh Ramchandra Bhirangi Whole-Time Director Sudhir Ramachandra Bhirangi Director

Recognitions & Rankings of Pragati Engineering Belgaum

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-04-0018880

Contact details

Pragati Engineering Belgaum Private Limited's registered office is in Belgaum, Karnataka. Its website is pragatibelgaum.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    pragatibelgaum.co.in
  • Registered Address
    R. S. No. 664 Hissa No. 2 Opposite Alucast Waghwade Road Machhe, Belgaum, Karnataka, India – 590014
  • Industry
    Machinery and Equipment, Industrial Machine Tools

To see the full contact details of Pragati Engineering Belgaum Private Limited, buy the company report.

Comprehensive company report
Pragati Engineering Belgaum Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Pragati Engineering Belgaum is manufacturing. In detail, this covers other manufacturing.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing32Other manufacturing

To see the full business activity and turnover split of Pragati Engineering Belgaum Private Limited, buy the company report.

Financials of Pragati Engineering Belgaum Private Limited

FY 2025 filings available

Pragati Engineering Belgaum Private Limited reported revenue of ₹44.15 Cr (up 6% YoY) for FY 2025.

Revenue · FY 2025
₹44.15 Cr ▲ 6%
Net profit · FY 2025
₹26.31 Lakh margin 0.6%
EBITDA · FY 2025
₹4.59 Cr margin 10.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 5%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 45%
5 years · compounded
▲ 27%

Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 6% growth in the latest year. EBITDA rose 45% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹4.59 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹26.31 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.4%
Net Profit Margin0.6%
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 Pragati Engineering Belgaum Private Limited, buy the company report.

Board of directors of Pragati Engineering Belgaum Private Limited

Pragati Engineering Belgaum has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sudhir Ramachandra Bhirangi
Also directs: B.B.Chemicals Private Limited, Spectrum Foundry Services Private Limited
Director23 Jan 200422 Years 9 MonthsCurrent
Sulabha Suresh Kulkarni
Also directs: Pragati Automation Private Limited, Technovision Auto Components Private Limited
Director29 Sep 200719 Years 1 MonthsCurrent
Suresh Ramchandra Bhirangi
Also directs: B.B.Chemicals Private Limited, Spectrum Foundry Services Private Limited
Whole-Time Director28 Nov 199233 Years 11 MonthsCurrent
Atul Suresh Bhirangi
Also directs: Pragati Automation Private Limited, Pragati Control Systems Private Limited, Pragati Servo Controls Private Limited and 1 more
Director29 Sep 200719 Years 1 MonthsCurrent
Deepak Hanumant Joglekar
Also directs: Pragati Automation Private Limited, Udyam Prakashan, Pragati Control Systems Private Limited and 1 more
Director29 Sep 200719 Years 1 MonthsCurrent
Mahesh Suresh Bhirangi
Also directs: Indian Machine Tool Manufacturers Association, Para Medcare Private Limited
Managing Director22 Oct 200521 Years 0 MonthsCurrent
View all directors

Auditor

Pragati Engineering Belgaum Private Limited is audited by P G Bhagwat LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P G Bhagwat LLPFY 2023101118W/W100682

Shareholding

The shareholding of Pragati Engineering Belgaum Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Pragati Engineering Belgaum Private Limited, buy the company report.

Charges & borrowings

Open charges
₹18.42 Cr
Satisfied charges
₹57.82 Cr
Breakdown by lending institutions
Others₹13.28 Cr
Sidbi₹5.00 Cr
Karnataka State Financial Corporation₹0.14 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Mar 2023100718862Others₹13.28 CrOpen
28 Jun 2022100586646Sidbi₹2.6 CrOpen
19 Nov 2021100501139Sidbi₹2.4 CrOpen
29 Dec 199590193968Karnataka State Financial Corporation₹14.4 LakhOpen
28 Feb 2020100332634State Bank of India₹12.68 CrSatisfied

To see the full charge records of Pragati Engineering Belgaum Private Limited, buy the company report.

Total charge records: 13 View all charges

Credit ratings & regulatory alerts

Pragati Engineering Belgaum Private Limited was last rated by Icra on 12 Apr 2021.

Rating agencyRated onRating
Icra12 Apr 2021

To see the full credit ratings and regulatory alerts of Pragati Engineering Belgaum Private Limited, buy the company report.

MSME payment delays

Pragati Engineering Belgaum Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 236 overdue payments to 15 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 15)

SupplierAmount dueDue sinceReported on
Acme Machine Tools
Sri Vinayaka Cutting Tools Private Limited
Om Indusction Belgaum
Kamath Tech Solutions
an individual supplier

To see the full MSME payment records of Pragati Engineering Belgaum Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Pragati Engineering Belgaum Private Limited has a workforce of 104 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
104
Active EPFO establishments
1

GST

Pragati Engineering Belgaum has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCP0858K1Z3KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Pragati Engineering Belgaum Private Limited, buy the company report.

Recent activity

Pragati Engineering Belgaum Private Limited has 11 board changes on record since 1992: 6 appointments and 5 cessations. The latest: Ajit Ramachandra Kunte ceased to be Director on 26 Jul 2023.

AGM
Pragati Engineering Belgaum Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Filing
Pragati Engineering Belgaum Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ajit Ramachandra Kunte ceased to be Director.
Charges
A charge registered on 28 Feb 2020 via Charge ID 100332634 with State Bank Of India was fully satisfied on 15 May 2023.
Charges
A charge with Others amounted to Rs. 13.28 Cr with Charge ID 100718862 was registered on 29 Mar 2023.
Charges
A charge with Sidbi amounted to Rs. 2.60 Cr with Charge ID 100586646 was registered on 28 Jun 2022.
Charges
A charge with Sidbi amounted to Rs. 2.40 Cr with Charge ID 100501139 was registered on 19 Nov 2021.
Charges
A charge with State Bank Of India of Rs. 12.68 Cr registered on 28 Feb 2020 with Charge ID 100332634 was modified on 20 Sep 2021.
Charges
A charge registered on 21 Mar 2012 via Charge ID 10348523 with Bank Of Baroda was fully satisfied on 17 Sep 2021.
Charges
A charge registered on 27 Mar 2018 via Charge ID 100180249 with Others was fully satisfied on 06 Jan 2021.
Charges
A charge registered on 29 Jun 2018 via Charge ID 100189424 with Others was fully satisfied on 09 Mar 2020.
Charges
A charge registered on 29 Jun 2018 via Charge ID 100189422 with Others was fully satisfied on 09 Mar 2020.

27 earlier events are in the company report.

Frequently asked questions

Pragati Engineering Belgaum is an active private limited company based in Belgaum, Karnataka, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 16 June 1988 (38+ years old) and is registered under CIN U03110KA1988PTC009204.

Pragati Engineering Belgaum has 6 current directors:

The latest financial statements of Pragati Engineering Belgaum on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Pragati Engineering Belgaum is 29AABCP0858K1Z3, registered in Karnataka.

The CIN (Corporate Identification Number) of Pragati Engineering Belgaum is U03110KA1988PTC009204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Pragati Engineering Belgaum was incorporated on 16 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Bangalore.

Ajit Ramachandra Kunte ceased to be Director on 26 Jul 2023. Suresh Ramchandra Bhirangi ceased to be Director on 01 Oct 2014. Atul Suresh Bhirangi was appointed as Director on 29 Sep 2007. Pragati Engineering Belgaum has 11 board changes on record in total.

Yes, Pragati Engineering Belgaum is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-04-0018880).

Pragati Engineering Belgaum has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 236 overdue payments to 15 micro and small suppliers. The latest return was filed on 18 Jun 2019.

Pragati Engineering Belgaum can be reached through the website pragatibelgaum.co.in. Its registered office is in Belgaum, Karnataka, India.

The registered office of Pragati Engineering Belgaum is at R. S. No. 664 Hissa No. 2 Opposite Alucast Waghwade Road Machhe, Belgaum, Karnataka, India – 590014.