MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-15-0092142
Pragati Founders Private Limited
Pragati Founders Private Limited - engineering in Hatkanangale, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹4.61 Cr
▲ 48% YoY
Net loss · FY 2022
₹7.63 Lakh
Net margin -1.7%
EBITDA · FY 2022
-₹7.52 Lakh
EBITDA margin -1.6%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Satisfied charges
₹5.07 Cr
No open charges
Company age
36 yrs
Est. 1990
Employees · EPFO
10
Provident fund records
About Pragati Founders Private Limited
Data last updated:
Pragati Founders Private Limited is a private limited company based in Hatkanangale, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 16 April 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27310MH1990PTC056203. Its GSTIN is 27AABCP0783B1ZQ (Maharashtra).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors including Milind Bharamgouda Patil and Savita Milind Patil.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No 40To46 Shri Laxmisah Aud Vas Ltd, Hatkanangale, Maharashtra, India – 416109.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.61 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net loss of ₹7.63 Lakh (net margin -1.7%) and EBITDA of -₹7.52 Lakh (EBITDA margin -1.6%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 11% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5.07 Cr on record. Court records list 20 cases involving the company, including 6 filed by the company and 14 filed against it; 1 case is pending.
Pragati Founders Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-15-0092142). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U27310MH1990PTC056203
Registration Number 056203
Incorporation Date 16 April 1990
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-15-0092142
Key People
Milind Bharamgouda Patil Director Savita Milind Patil Director Vidyasagar Rajgonda Patil Director Recognitions & Rankings of Pragati Founders
Contact details
Pragati Founders Private Limited's registered office is in Hatkanangale, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 40To46 Shri Laxmisah Aud Vas Ltd, Hatkanangale, Maharashtra, India – 416109
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Pragati Founders Private Limited, buy the company report.
Comprehensive company report
Pragati Founders 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 Founders is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Pragati Founders Private Limited, buy the company report.
Financials of Pragati Founders Private Limited
FY 2022 filings availablePragati Founders Private Limited reported revenue of ₹4.61 Cr (up 48% YoY) for FY 2022.
Revenue · FY 2022
₹4.61 Cr ▲ 48%
Net loss · FY 2022
₹7.63 Lakh margin -1.7%
EBITDA · FY 2022
-₹7.52 Lakh margin -1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▼ 16%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▲ 94%
3 years · compounded
▼ 29%
5 years · compounded
▼ 17%
Revenue rose 48% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 94% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.63 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | ||||
| Net Profit Margin | -1.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pragati Founders Private Limited, buy the company report.
Board of directors of Pragati Founders Private Limited
Pragati Founders has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Bharamgouda Patil | Director | 16 Apr 1990 | 36 Years 6 Months | Current |
| Savita Milind Patil | Director | 20 Apr 2006 | 20 Years 6 Months | Current |
| Vidyasagar Rajgonda Patil | Director | 25 Oct 2020 | 6 Years 0 Months | Current |
| Prakash Mallu Magdum | Director | 25 Oct 2020 | 6 Years 0 Months | Current |
Auditor
Pragati Founders Private Limited is audited by LATKAR AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LATKAR AND ASSOCIATES | FY 2022 | 135153W |
Shareholding
The shareholding of Pragati Founders Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pragati Founders Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5.07 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2013 | 10420764 | Dombivli Nagari Sahkari Bank Ltd | ₹50 Lakh | Satisfied | |
| 05 Aug 2011 | 10300312 | Dombivali Nagari Sahakari Bank Limited | ₹50 Lakh | Satisfied | |
| 20 Jul 2011 | 10297669 | Dombivali Nagari Sahakari Bank Limited | ₹24 Lakh | Satisfied | |
| 07 Jul 2011 | 10296768 | Others | ₹1.66 Cr | Satisfied | |
| 27 Jun 2011 | 10297129 | Others | ₹1.66 Cr | Satisfied |
To see the full charge records of Pragati Founders Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Pragati Founders Private Limited has 20 court cases on record: 6 filed by Pragati Founders, 14 filed against it. 1 case is pending and 19 are disposed.
Total cases
20
Filed by the company
6
Filed against the company
14
Pending
1
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 1 |
| High courts | 6 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S.Oswal Minerals Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by M/S Yajur Commodities Limited | Disposed |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Fortune Procurators India Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (CAP) | Filed by the company against Sanjay Founders Pvt. Ltd and Others | Disposed |
| Bombay High Court | Court case (CAP) | Filed by the company against Sanjay Founders Pvt. Ltd and Others | Disposed |
To see the full case history of Pragati Founders Private 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 Founders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pragati Founders Private Limited has a workforce of 10 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-9.09%
GST
Pragati Founders has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP0783B1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragati Founders Private Limited, buy the company report.
Recent activity
Pragati Founders Private Limited has 9 board changes on record since 1990: 4 appointments and 5 cessations. The latest: Pragati Bharamgouda Patil ceased to be Director on 27 Feb 2021.
AGM
Pragati Founders Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Pragati Founders Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Pune.
Charges
A charge registered on 08 Aug 1992 via Charge ID 90089769 with The Ichalkaranji Janata Sah. Bank Ltd. was fully satisfied on 03 Jun 2021.
Charges
A charge registered on 22 Mar 2013 via Charge ID 10420764 with Dombivli Nagari Sahkari Bank Ltd was fully satisfied on 01 Jun 2021.
Charges
A charge registered on 05 Aug 2011 via Charge ID 10300312 with Dombivali Nagari Sahakari Bank Limited was fully satisfied on 01 Jun 2021.
Charges
A charge registered on 20 Jul 2011 via Charge ID 10297669 with Dombivali Nagari Sahakari Bank Limited was fully satisfied on 01 Jun 2021.
Ceased
Pragati Bharamgouda Patil ceased to be Director.
Ceased
Udya Pasgoanda Patil ceased to be Director.
Appointed
Prakash Mallu Magdum was appointed as Director.
Appointed
Vidyasagar Rajgonda Patil was appointed as Director.
Charges
A charge registered on 07 Jul 2011 via Charge ID 10296768 with Others was fully satisfied on 08 Jun 2020.
Charges
A charge registered on 27 Jun 2011 via Charge ID 10297129 with Others was fully satisfied on 08 Jun 2020.
21 earlier events are in the company report.
Frequently asked questions
Pragati Founders is an active private limited company based in Hatkanangale, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 16 April 1990 (36+ years old) and is registered under CIN U27310MH1990PTC056203.
Pragati Founders has 4 current directors:
- Milind Bharamgouda Patil - Director
- Savita Milind Patil - Director
- Vidyasagar Rajgonda Patil - Director
- Prakash Mallu Magdum - Director
The latest financial statements of Pragati Founders on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragati Founders is 27AABCP0783B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pragati Founders is U27310MH1990PTC056203. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Founders has 20 court cases on record: 6 filed by the company and 14 filed against it. 1 is pending. Most are in the district courts.
Pragati Founders was incorporated on 16 April 1990, making it 36+ years old. It is registered with the Registrar of Companies, Pune.
Pragati Bharamgouda Patil ceased to be Director on 27 Feb 2021. Udya Pasgoanda Patil ceased to be Director on 27 Feb 2021. Prakash Mallu Magdum was appointed as Director on 25 Oct 2020. Pragati Founders has 9 board changes on record in total.
Yes, Pragati Founders is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-15-0092142).
The registered office of Pragati Founders is at Plot No 40To46 Shri Laxmisah Aud Vas Ltd, Hatkanangale, Maharashtra, India – 416109.