MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2021-22)
- Udyam number
- UDYAM-TS-02-0000079
Pragati Spinners Private Limited - manufacturing in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹97.02 Cr
▼ 2% YoY
Net profit · FY 2024
₹76.83 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹8.88 Cr
EBITDA margin 9.1%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹23.36 Cr
Issued & subscribed
Open charges
₹57.83 Cr
Satisfied ₹89.26 Cr
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
About Pragati Spinners Private Limited
Data last updated:
Pragati Spinners Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U17200TG2010PTC070864. Its GSTIN is 36AAFCP6928G1Z6 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.36 Cr. It is led by directors Padmaja Alla and Jithendra Prasad Babu Alla.
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 Flat No. 405 Block No. 16 Malaysia Township Kphb Colony, Hyderabad, Telangana, India – 500072.
As per the financials filed for FY 2024, the company reported a revenue of ₹97.02 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹76.83 Lakh (net margin 0.8%) and EBITDA of ₹8.88 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 4% over five years.
The company is associated with 1 brand: Pragati Spinners. As per MCA filings, the company has open charges of ₹57.83 Cr and satisfied charges of ₹89.26 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹23.31 Cr; the latest was in March 2023. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is Suditi Industries Limited with revenue of ₹97.29 Cr.
Pragati Spinners Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0000079). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatispinners.com.
Company details
CIN U17200TG2010PTC070864
Registration Number 070864
Incorporation Date 14 October 2010
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0000079
CIN history
Pragati Spinners has one previous CIN (Corporate Identification Number): U17200AP2010PTC070864. The current CIN is U17200TG2010PTC070864, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17200TG2010PTC070864 | Current |
| U17200AP2010PTC070864 | Previous |
Recognitions & Rankings of Pragati Spinners
Contact details
Pragati Spinners Private Limited's registered office is in Hyderabad, Telangana. Its website is pragatispinners.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 405 Block No. 16 Malaysia Township Kphb Colony, Hyderabad, Telangana, India – 500072
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Pragati Spinners Private Limited, buy the company report.
Comprehensive company report
Pragati Spinners 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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Brands
Pragati Spinners operates one associated brand: Pragati Spinners. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Production of cotton yarn with a focus on quality control and environmental practices in India. | pragatispinners.com |
Business activity
The main business activity of Pragati Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Pragati Spinners Private Limited, buy the company report.
Financials of Pragati Spinners Private Limited
FY 2024 filings availablePragati Spinners Private Limited reported revenue of ₹97.02 Cr (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹97.02 Cr ▼ 2%
Net profit · FY 2024
₹76.83 Lakh margin 0.8%
EBITDA · FY 2024
₹8.88 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 4%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 2%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 2% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹76.83 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Pragati Spinners Private Limited, buy the company report.
Board of directors of Pragati Spinners Private Limited
Pragati Spinners has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmaja Alla | Director | 14 Oct 2010 | 16 Years 0 Months | Current |
| Jithendra Prasad Babu Alla Also directs: Telangana Spinning & Textile Mills Association | Director | 14 Oct 2010 | 16 Years 0 Months | Current |
Peer comparison
Pragati Spinners Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suditi Industries Limited | ₹97.29 Cr (FY 2025) | 34.0% | Thane, Maharashtra, India | |||
| Vimlon Dyeing and Printing Mills Pvt Ltd | ₹97.2 Cr (FY 2025) | 1.0% | Surat, Gujarat, India | |||
| Betex India Limited (Co TR From Maha ) | ₹97.15 Cr (FY 2025) | 8.0% | Surat, Gujarat, India | |||
| Pragati Spinners Private Limitedthis company | ₹97.02 Cr (FY 2024) | ₹76.83 Lakh | 0.8% | -2.0% | Hyderabad, Telangana, India | |
| Elegant Dyeing and Processing Private Limited | ₹96.98 Cr (FY 2025) | 23.0% | Delhi, India | |||
| Karle International Private Limited | ₹96.77 Cr (FY 2023) | 88.0% | Bangalore, Karnataka, India | |||
| Shri Damodar Yarn Manufacturing Pvt Ltd | ₹96.66 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Pragati Spinners Private Limited, buy the company report.
Auditor
Pragati Spinners Private Limited is audited by Ask And Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ask And Co | FY 2023 | 013735S |
Shareholding
The shareholding of Pragati Spinners 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 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 Spinners Private Limited, buy the company report.
Charges & borrowings
Open charges
₹57.83 Cr
Satisfied charges
₹89.26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101089007 | Others | ₹57.62 Cr | Open | |
| 07 Dec 2017 | 100153359 | Others | ₹21 Lakh | Open | |
| 27 Jul 2022 | 100607014 | Hdfc Bank Limited | ₹42.3 Cr | Satisfied | |
| 24 Sep 2011 | 10314654 | Indian Overseas Bank | ₹46.96 Cr | Satisfied |
To see the full charge records of Pragati Spinners Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Pragati Spinners Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹23.31 Cr; the latest was in March 2023.
Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹23.31 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2015 | Funding round | ₹1.61 Cr | Investors: 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Pragati Spinners Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pragati Spinners Private Limited has 3 court cases on record: 2 filed by Pragati Spinners, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana and 4 others | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
To see the full case history of Pragati Spinners 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 Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pragati Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCP6928G1Z6 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragati Spinners Private Limited, buy the company report.
Recent activity
Pragati Spinners Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Anasuya Devi Alla ceased to be Director on 08 Nov 2021.
Charges
A charge registered on 27 Jul 2022 via Charge ID 100607014 with Hdfc Bank Limited was fully satisfied on 29 Apr 2025.
Charges
A charge with Others amounted to Rs. 57.62 Cr with Charge ID 101089007 was registered on 28 Mar 2025.
AGM
Pragati Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pragati Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge registered on 24 Sep 2011 via Charge ID 10314654 with Indian Overseas Bank was fully satisfied on 06 Oct 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 42.30 Cr registered on 27 Jul 2022 with Charge ID 100607014 was modified on 12 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 42.30 Cr with Charge ID 100607014 was registered on 27 Jul 2022.
Ceased
Anasuya Devi Alla ceased to be Director.
Ceased
Babu Rajendra Prasad Kantamneni ceased to be Director.
Charges
A charge with Indian Overseas Bank of Rs. 46.96 Cr registered on 24 Sep 2011 with Charge ID 10314654 was modified on 23 Aug 2021.
Charges
A charge with Others amounted to Rs. 0.21 Cr with Charge ID 100153359 was registered on 07 Dec 2017.
Ceased
Chennamalu Krishnamurthy Appayya ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Pragati Spinners is an active private limited company based in Hyderabad, Telangana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 October 2010 (16+ years old) and is registered under CIN U17200TG2010PTC070864.
Pragati Spinners has 2 current directors:
- Padmaja Alla - Director
- Jithendra Prasad Babu Alla - Director
The latest financial statements of Pragati Spinners 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 Spinners is 36AAFCP6928G1Z6, registered in Telangana. 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 Spinners is U17200TG2010PTC070864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Spinners has 3 court cases on record: 2 filed by the company and 1 filed against it.
Pragati Spinners was incorporated on 14 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pragati Spinners has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹23.31 Cr; the latest was in March 2023.
The peers of Pragati Spinners by revenue are Suditi Industries Limited, Vimlon Dyeing and Printing Mills Pvt Ltd, Betex India Limited (Co TR From Maha ), Elegant Dyeing and Processing Private Limited, Karle International Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Anasuya Devi Alla ceased to be Director on 08 Nov 2021. Babu Rajendra Prasad Kantamneni ceased to be Director on 08 Nov 2021. Chennamalu Krishnamurthy Appayya ceased to be Director on 31 Mar 2016. Pragati Spinners has 5 board changes on record in total.
Yes, Pragati Spinners is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0000079).