MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0043641
Pragati Gold Private Limited
Pragati Gold Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹216.2 Cr
▼ 24% YoY
Net loss · FY 2025
₹28.7 Cr
Net margin -13.3%
EBITDA · FY 2025
-₹23.41 Cr
EBITDA margin -10.8%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹6 Cr
Issued & subscribed
Open charges
₹122.41 Cr
Satisfied ₹28.93 Cr
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Pragati Gold Private Limited
Data last updated:
Pragati Gold Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 05 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26101MH2006PTC160970. Its GSTIN is 27AADCP8583F1Z2 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹6 Cr. It is led by directors Ganpatlal Vardichand Madrecha and Dhiraj Kumar Madrecha.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹216.2 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹28.7 Cr (net margin -13.3%) and EBITDA of -₹23.41 Cr (EBITDA margin -10.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹122.41 Cr and satisfied charges of ₹28.93 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 3 cases are pending.
Pragati Gold Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0043641). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U26101MH2006PTC160970
Registration Number 160970
Incorporation Date 05 April 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0043641
Recognitions & Rankings of Pragati Gold
Contact details
Pragati Gold Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address89 Floor 1 Plot 91/93 Zaveri Bazar, Shaikh Memon Street, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Pragati Gold Private Limited, buy the company report.
Comprehensive company report
Pragati Gold 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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Secure checkout · GST invoice included
Business activity
The main business activity of Pragati Gold is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pragati Gold Private Limited, buy the company report.
Financials of Pragati Gold Private Limited
FY 2024 filings availablePragati Gold Private Limited reported revenue of ₹216.2 Cr (down 24% YoY) for FY 2025.
Revenue · FY 2025
₹216.2 Cr ▼ 24%
Net loss · FY 2025
₹28.7 Cr margin -13.3%
EBITDA · FY 2025
-₹23.41 Cr margin -10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 3%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 695%
3 years · compounded
▼ 81%
5 years · compounded
▼ 41%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 24% fall in the latest year. EBITDA fell 695% 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 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 | -₹23.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.7 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.8% | ||||
| Net Profit Margin | -13.3% | ||||
| 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 Gold Private Limited, buy the company report.
Board of directors of Pragati Gold Private Limited
Pragati Gold has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganpatlal Vardichand Madrecha | Director | 05 Apr 2006 | 20 Years 7 Months | Current |
| Dhiraj Kumar Madrecha | Director | 05 Apr 2006 | 20 Years 7 Months | Current |
Auditor
Pragati Gold Private Limited is audited by SANGHVI SANGHVI & SANGHVI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANGHVI SANGHVI & SANGHVI | FY 2023 | 109138W |
Shareholding
The shareholding of Pragati Gold 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pragati Gold Private Limited, buy the company report.
Charges & borrowings
Open charges
₹122.41 Cr
Satisfied charges
₹28.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2024 | 101001307 | Others | ₹4.7 Cr | Open | |
| 30 Oct 2024 | 101001987 | Others | ₹35 Cr | Open | |
| 30 Nov 2022 | 100653064 | State Bank of India | ₹8 Cr | Open | |
| 01 Jun 2021 | 100451810 | Others | ₹44.7 Cr | Open | |
| 28 Jan 2019 | 100237694 | Others | ₹25 Cr | Open |
To see the full charge records of Pragati Gold Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Pragati Gold Private Limited has 9 court cases on record: 8 filed by Pragati Gold, 1 filed against it. 3 cases are pending and 6 are disposed.
Total cases
9
Filed by the company
8
Filed against the company
1
Pending
3
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 1 |
| District courts | 2 | 1 | 1 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against M/S Diamond India Ltd and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bharat Co Operative Bank Mumbai Ltd Through Suresh S Bangera Assistant General Manager | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Union of India | Pending |
| High Court | Court case (OT.Rev) | Filed by the company against State of Kerala, Represented by Secretary to Government | Pending |
| Supreme Court | Interim or miscellaneous application | Filed by the company against Union of India | Disposed |
To see the full case history of Pragati Gold 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
Pragati Gold Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 12 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unique Chains and Jewels Limited | |||
| Shanti Gold International Limited | |||
| an individual supplier | |||
| Padmavati Chains and Jewels Private Limited | |||
| Laxmi Dia Jewel Private Limited |
To see the full MSME payment records of Pragati Gold Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pragati Gold has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8583F1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragati Gold Private Limited, buy the company report.
Recent activity
Pragati Gold Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Sosarbai Vardichand Madrecha ceased to be Director on 04 Mar 2024.
Charges
A charge with Others amounted to Rs. 4.70 Cr with Charge ID 101001307 was registered on 30 Oct 2024.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101001987 was registered on 30 Oct 2024.
Charges
A charge with Others of Rs. 44.70 Cr registered on 01 Jun 2021 with Charge ID 100451810 was modified on 30 Oct 2024.
Charges
A charge with Others of Rs. 5.00 Cr registered on 23 Jun 2017 with Charge ID 100109187 was modified on 30 Oct 2024.
AGM
Pragati Gold Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pragati Gold Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sosarbai Vardichand Madrecha ceased to be Director.
Charges
A charge registered on 02 Feb 2021 via Charge ID 100458528 with Others was fully satisfied on 02 Dec 2022.
Charges
A charge with State Bank Of India amounted to Rs. 8.00 Cr with Charge ID 100653064 was registered on 30 Nov 2022.
Ceased
Rekha Kamlesh Jain ceased to be Director.
Charges
A charge with Others amounted to Rs. 44.70 Cr with Charge ID 100451810 was registered on 01 Jun 2021.
Charges
A charge with Others of Rs. 25.00 Cr registered on 28 Jan 2019 with Charge ID 100237694 was modified on 01 Jun 2021.
11 earlier events are in the company report.
Frequently asked questions
Pragati Gold is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 05 April 2006 (20+ years old) and is registered under CIN U26101MH2006PTC160970.
Pragati Gold has 2 current directors:
- Ganpatlal Vardichand Madrecha - Director
- Dhiraj Kumar Madrecha - Director
The latest financial statements of Pragati Gold on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragati Gold is 27AADCP8583F1Z2, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pragati Gold is U26101MH2006PTC160970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Gold has 9 court cases on record: 8 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Pragati Gold was incorporated on 05 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Sosarbai Vardichand Madrecha ceased to be Director on 04 Mar 2024. Rekha Kamlesh Jain ceased to be Director on 17 Jan 2022. Rekha Rani Naraniwal ceased to be Company Secretary on 22 Oct 2018. Pragati Gold has 5 board changes on record in total.
Yes, Pragati Gold is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0043641).
Pragati Gold has 4 MSME Form 1 returns on record between 2019 and 2020, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 26 Nov 2020.
The registered office of Pragati Gold is at 89 Floor 1 Plot 9193 Zaveri Bazar, Shaikh Memon Street, Mumbai, Maharashtra, India – 400002.
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