About Pragati Forge Pvt Ltd
Data last updated:
Pragati Forge Pvt Ltd is a private limited company based in Thana, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 05 October 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28900MH1984PTC034180. Its GSTIN is 27AABCP7367B1ZG (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹17.65 Lakh. It is led by directors including Saloni Saket Dharwadkar and Saket Madhukar Dharwadkar.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at W – 89A Tarapur Industrial Area Boisar, Thana, Maharashtra, India – 401006.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.19 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹22.16 Lakh (net margin 2.7%) and EBITDA of ₹56.12 Lakh (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 14% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹85.56 Lakh and satisfied charges of ₹1.92 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pforge.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressW – 89A Tarapur Industrial Area Boisar, Thana, Maharashtra, India – 401006
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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 Forge Pvt Ltd
The main business activity of Pragati Forge is manufacturing. In detail, this covers manufacture of basic metals.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals | 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 Forge Pvt Ltd FY 2025 filings available
Pragati Forge Pvt Ltd reported revenue of ₹8.19 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pragati Forge Pvt Ltd
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 5% 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 Forge Pvt Ltd
| 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 | ₹56.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹22.16 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 of Pragati Forge Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Forge 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.
Peer Comparison of Pragati Forge Pvt Ltd
Pragati Forge Pvt Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Optinuva Technologies Private Limited | ₹8.23 Cr (FY 2022) | •••• | •••• | 84.0% | •••• | Newdelhi, Delhi, India |
| Chennai Heatreaters Private Limited | ₹8.22 Cr (FY 2023) | •••• | •••• | -10.0% | •••• | Tiruvallur, Tamil Nadu, India |
| Parshwa Steel Buildings Private Limited | ₹8.22 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Vadodara, Gujarat, India |
| Cam-Pro Technologies Private Limited | ₹8.21 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Berlin Machineries Private Limited | ₹8.21 Cr (FY 2025) | •••• | •••• | 1492.0% | •••• | Chikhali, Pune, Maharashtra, India |
| Pragati Forge Pvt Ltd this company | ₹8.19 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Thana, Maharashtra, India |
| Phadke Ferrocast Private Limited | ₹8.19 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Miraj, Maharashtra, India |
| Stronghold Prefab Private Limited | ₹8.19 Cr (FY 2025) | •••• | •••• | 187.0% | •••• | Thrikodithanam P.O, Kerala, India |
| Micro Automotive Components Private Limited | ₹8.19 Cr (FY 2025) | •••• | •••• | 214.0% | •••• | Faridabad, Haryana, India |
| Sapna Trade Power Private Limited | ₹8.19 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Rajkot, Gujarat, India |
| Bengal Technocrats Private Limited | ₹8.19 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Pragati Forge by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components), 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 Forge Pvt Ltd
Pragati Forge Pvt Ltd is audited by SINGAVI OTURKAR AND KELKAR for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGAVI OTURKAR AND KELKAR | 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.
Board of Directors of Pragati Forge Pvt Ltd
Pragati Forge has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saloni Saket Dharwadkar | Director | 05 Sep 2017 | 9 Years 1 Months | Current |
| Saket Madhukar Dharwadkar | Director | 01 Sep 2004 | 22 Years 1 Months | Current |
| Madhukar Vaman Dharwadkar | Director | 05 Oct 1984 | 42 Years 0 Months | Current |
Ownership and Shareholding of Pragati Forge Pvt Ltd
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 Forge Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Mar 2025 | Sidbi | ₹35.56 Lakh | Open |
| 19 Jul 2019 | Others | ₹50 Lakh | Open |
| 30 Jan 2023 | Others | ₹32 Lakh | Satisfied |
| 06 Aug 2019 | Others | ₹43.5 Lakh | Satisfied |
| 07 Oct 2010 | State Bank of India | ₹40 Lakh | Satisfied |
Total charge records: 14 View all charges
MSME Payment Delays by Pragati Forge Pvt Ltd
Pragati Forge Pvt Ltd has 5 MSME Form 1 returns on record between 2019 and 2022, listing 37 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Banco Aluminium Private Limited | •••• | •••• | •••• |
| Goldstar Metals Limited | •••• | •••• | •••• |
| Raj Eng Works | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 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 Forge Pvt Ltd
Pragati Forge Pvt Ltd has a workforce of 30 employees as of Apr 09, 2024.
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 Forge Pvt Ltd
Pragati Forge Pvt Ltd has 8 board changes on record since 1984: 3 appointments and 5 cessations. The latest: Saloni Saket Dharwadkar ceased to be Additional Director on 22 Aug 2018.
31 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pragati Forge Pvt Ltd
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 Forge Pvt Ltd
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 Forge Pvt Ltd
Pragati Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP7367B1ZG | 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 Forge Pvt Ltd
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 Forge Pvt Ltd
Pragati Forge is an active private limited company based in Thana, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 05 October 1984 (42+ years old) and is registered under CIN U28900MH1984PTC034180.
Pragati Forge reported revenue of ₹8.19 Cr for FY 2025 (down 8% YoY).
Pragati Forge has 3 current directors:
- Saloni Saket Dharwadkar - Director
- Saket Madhukar Dharwadkar - Director
- Madhukar Vaman Dharwadkar - Director
Pragati Forge reported a net profit of ₹22.16 Lakh (net margin 2.7%) and EBITDA of ₹56.12 Lakh (EBITDA margin 6.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragati Forge is 4% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pragati Forge is 27AABCP7367B1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragati Forge is U28900MH1984PTC034180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Forge was incorporated on 05 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pragati Forge by revenue are Optinuva Technologies Private Limited, Chennai Heatreaters Private Limited, Parshwa Steel Buildings Private Limited, Cam-Pro Technologies Private Limited, Berlin Machineries Private Limited and 5 more, all in the Machinery and Equipment industry (Foundry and Fabrication, Tools and Components).
Saloni Saket Dharwadkar ceased to be Additional Director on 22 Aug 2018. Saloni Saket Dharwadkar was appointed as Director on 05 Sep 2017. Rajeshkumar Vardhilal Shah ceased to be Director on 04 Aug 2016. Pragati Forge has 8 board changes on record in total.
Pragati Forge has 5 MSME Form 1 returns on record between 2019 and 2022, listing 37 overdue payments to 14 micro and small suppliers. The latest return was filed on 02 May 2022.
Pragati Forge can be reached through the website pforge.in. Its registered office is in Thana, Maharashtra, India.