Pragati Forex Private Limited
About Pragati Forex Private Limited
Data last updated:
Pragati Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 06 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC282074. Its GSTIN is 27AAICP6375N1ZM (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Sheetal Narayan Sahani and Ganeshlal Gadari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.57 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹15,530 (net margin 0%) and EBITDA of ₹36,966 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 217% over three years and 58% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressOffice No A – 5 Ground Floor Parle Colony Chsl Sahakar Road Nr K P Hotel Vile Parle E, Ast, Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex Services
- 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 Forex Private Limited
The main business activity of Pragati Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Pragati Forex Private Limited FY 2025 filings available
Pragati Forex Private Limited reported revenue of ₹3.57 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pragati Forex Private Limited
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 58%. EBITDA fell 43% 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 Forex 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 | ₹36,966 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15,530 | •••• | •••• | •••• | •••• |
| 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 Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Forex 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 Pragati Forex Private Limited
Pragati Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| H P Forex Private Limited | ₹3.72 Cr (FY 2025) | •••• | •••• | 926.0% | •••• | Punjab, India |
| Kahol Merchant Private Limited | ₹3.67 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mukerian, Punjab, India |
| Vian Forex Tours and Travel Private Limited | ₹3.65 Cr (FY 2019) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Megna Forex and Travels Private Limited | ₹3.65 Cr (FY 2024) | •••• | •••• | -75.0% | •••• | Kolkata, West Bengal, India |
| Unipay Forex Services Private Limited | ₹3.6 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Panchkula, Haryana, India |
| Pragati Forex Private Limited this company | ₹3.57 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | Mumbai, Maharashtra, India |
| Jasmehar Global Links Private Limited | ₹3.57 Cr (FY 2024) | •••• | •••• | 489.0% | •••• | Bilaspur, Chhattisgarh, India |
| Link in Reps Private Limited | ₹3.55 Cr (FY 2024) | •••• | •••• | 87.0% | •••• | Delhi, India |
| Bholag Forex and Jewellers Private Limited | ₹3.54 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Bathinda, Punjab, India |
| Thakkar Foreign Exchange Private Limited | ₹3.5 Cr (FY 2024) | •••• | •••• | 197.0% | •••• | Ahmedabad, Gujarat, India |
| A P Taraporevala and Sons Private Limited | ₹3.48 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pragati Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Pragati Forex Private Limited
Pragati Forex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetal Narayan Sahani | Director | 07 Apr 2022 | 4 Years 6 Months | Current |
| Ganeshlal Gadari | Director | 23 Feb 2022 | 4 Years 7 Months | Current |
Ownership and Shareholding of Pragati Forex 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 Forex Private Limited
Pragati Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Pragati Forex Private Limited
Employment history and EPFO contributions of people linked to Pragati Forex.
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 Pragati Forex Private Limited
Pragati Forex Private Limited has 5 board changes on record since 2022: 2 appointments and 3 cessations. The latest: Javerchand Champalal Solanki ceased to be Director on 24 Jan 2023.
Credit Ratings, Litigation & Regulatory Alerts for Pragati Forex 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 Pragati Forex 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 Pragati Forex 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 Forex Private Limited
Pragati Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP6375N1ZM | Maharashtra | Active | 29 Aug 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 Forex 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 Forex Private Limited
Pragati Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 06 June 2016 (10+ years old) and is registered under CIN U74999MH2016PTC282074.
Pragati Forex reported revenue of ₹3.57 Cr for FY 2025 (down 62% YoY).
Pragati Forex has 2 current directors:
- Sheetal Narayan Sahani - Director
- Ganeshlal Gadari - Director
Pragati Forex reported a net profit of ₹15,530 (net margin 0%) and EBITDA of ₹36,966 (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragati Forex is 217% over three years and 58% over five years. In the latest year (FY 2025) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pragati Forex is 27AAICP6375N1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragati Forex is U74999MH2016PTC282074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Forex was incorporated on 06 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pragati Forex by revenue are H P Forex Private Limited, Kahol Merchant Private Limited, Vian Forex Tours and Travel Private Limited, Megna Forex and Travels Private Limited, Unipay Forex Services Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Javerchand Champalal Solanki ceased to be Director on 24 Jan 2023. Arvind Champalal Solanki ceased to be Director on 26 Dec 2022. Sheetal Narayan Sahani ceased to be Additional Director on 29 Sep 2022. Pragati Forex has 5 board changes on record in total.
The registered office of Pragati Forex is at Office No A – 5 Ground Floor Parle Colony Chsl Sahakar Road Nr K P Hotel Vile Parle E, Ast, Mumbai, Maharashtra, India – 400057.