Pragati Vatika Private Limited
About Pragati Vatika Private Limited
Data last updated:
Pragati Vatika Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 31 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U32111MP2006PTC018921.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.33 Lakh. It is led by directors Bharat Shah and Hardik Gosar.
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 Lg – 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.75 Lakh, a growth of 121% compared to the previous year. For the same year it recorded a net loss of ₹2.66 Lakh (net margin -5.7%) and EBITDA of ₹19.51 Lakh (EBITDA margin 41.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 198% over five years.
As per MCA filings, the company has open charges of ₹68.64 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Pragati Vatika has one previous CIN (Corporate Identification Number): U45202MP2006PTC018921. The current CIN is U32111MP2006PTC018921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32111MP2006PTC018921 | Current |
| U45202MP2006PTC018921 | Previous |
Contact details
Pragati Vatika Private Limited's registered office is in Indore, Madhya Pradesh.
- Registered AddressLg – 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Real Estate Financing
- 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
Business activity
The main business activity of Pragati Vatika is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Pragati Vatika Private Limited, buy the company report.
Financials of Pragati Vatika Private Limited
FY 2024 filings availablePragati Vatika Private Limited reported revenue of ₹46.75 Lakh (up 121% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 198% over five years, including 121% growth in the latest year. EBITDA rose 52% 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 |
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| EBITDA | ₹19.51 Lakh | ||||
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| Net Profit (PAT) | -₹2.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.7% | ||||
| Net Profit Margin | -5.7% | ||||
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To see the full financial statements and ratios of Pragati Vatika Private Limited, buy the company report.
Board of directors of Pragati Vatika Private Limited
Pragati Vatika 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 |
|---|---|---|---|---|
| Bharat Shah Also directs: Shikhar Nests Private Limited, Vee Kay Shah Devcon Private Limited | Director | 15 Nov 2013 | 12 Years 11 Months | Current |
| Hardik Gosar | Director | 30 Nov 2021 | 4 Years 10 Months | Current |
Peer comparison
Pragati Vatika Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vatika Spinning Limited | ₹46.83 Lakh (FY 2025) | 1.0% | Chandigarh, India | |||
| Dash Developers Private Limited | ₹46.79 Lakh (FY 2025) | 19.0% | Delhi, India | |||
| R.P.D.Real Estates Private Limited | ₹46.79 Lakh (FY 2025) | 18.0% | Ludhiana, Punjab, India | |||
| Pragati Vatika Private Limitedthis company | ₹46.75 Lakh (FY 2025) | -₹2.66 Lakh | -5.7% | 121.0% | Indore, Madhya Pradesh, India | |
| Kamla Hotel and Properties Pvt Ltd | ₹46.74 Lakh (FY 2025) | 61.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Pragati Vatika Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2023 | 100750625 | Others | ₹49.64 Lakh | Open | |
| 20 Oct 2022 | 100671026 | Others | ₹19 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Pragati Vatika Private Limited has 2 court cases on record: 2 filed by Pragati Vatika. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against National Highways Authorituy of India | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS A) | Filed by the company against an individual | Disposed |
To see the full case history of Pragati Vatika 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 Vatika Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Pragati Vatika Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragati Vatika Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Naresh Kumar Kakwani ceased to be Director on 29 Mar 2022.
Frequently asked questions
Pragati Vatika is an active private limited company based in Indore, Madhya Pradesh, India. The company works in real estate financing, within the financial services industry. It was incorporated on 31 August 2006 (20+ years old) and is registered under CIN U32111MP2006PTC018921.
Pragati Vatika has 2 current directors:
- Bharat Shah - Director
- Hardik Gosar - Director
The latest financial statements of Pragati Vatika 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 CIN (Corporate Identification Number) of Pragati Vatika is U32111MP2006PTC018921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Vatika has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Pragati Vatika was incorporated on 31 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Pragati Vatika by revenue are Vatika Spinning Limited, Dash Developers Private Limited, R.P.D.Real Estates Private Limited, Kamla Hotel and Properties Pvt Ltd, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Naresh Kumar Kakwani ceased to be Director on 29 Mar 2022. Vijay Kumar Kakwani ceased to be Director on 29 Mar 2022. Hardik Gosar was appointed as Director on 30 Nov 2021. Pragati Vatika has 5 board changes on record in total.
The registered office of Pragati Vatika is at Lg – 7 Navneet Darshan, Indore, Madhya Pradesh, India – 452001.
Pragati Vatika operates in the financial services industry, in the real estate financing segment.
Pragati Vatika has open charges of ₹68.64 Lakh and no satisfied charges on record as per latest MCA filings.