Pragati Wealth Private Limited
About Pragati Wealth Private Limited
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Pragati Wealth Private Limited is a private limited company based in Panipat, Haryana, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 11 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67100HR2020PTC090912.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Randeep Singh and Virender.
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 C/O Parveen Jain Shop No. 6 Tau Devi Lal Complex, Panipat, Haryana, India – 132103.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.25 Lakh. For the same year it recorded a net profit of ₹88,020 (net margin 70.2%) and EBITDA of ₹1.15 Lakh (EBITDA margin 92%).
Company details
Contact details
Pragati Wealth Private Limited's registered office is in Panipat, Haryana. Its e-mail address is in the company report.
- Email
- Registered AddressC/O Parveen Jain Shop No. 6 Tau Devi Lal Complex, Panipat, Haryana, India – 132103
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Pragati Wealth Private Limited, buy the company report.
- 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 Wealth is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Pragati Wealth Private Limited, buy the company report.
Financials of Pragati Wealth Private Limited
FY 2024 filings availablePragati Wealth Private Limited reported revenue of ₹1.25 Lakh for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.15 Lakh | |||
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| Net Profit (PAT) | ₹88,020 | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 92% | |||
| Net Profit Margin | 70.2% | |||
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To see the full financial statements and ratios of Pragati Wealth Private Limited, buy the company report.
Board of directors of Pragati Wealth Private Limited
Pragati Wealth has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavana Also directs: Vellis Hospitality Private Limited | Additional Director | 18 Nov 2022 | 3 Years 11 Months | Current |
| Randeep Singh | Director | 15 Oct 2024 | 2 Years 0 Months | Current |
| Virender Also directs: Vellis Hospitality Private Limited | Director | 11 Nov 2020 | 5 Years 11 Months | Current |
Auditor
Pragati Wealth Private Limited is audited by Subhash Singla & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subhash Singla & Co. | FY 2023 | 012758N |
Shareholding
The shareholding of Pragati Wealth Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pragati Wealth Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pragati Wealth Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pragati Wealth Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pragati Wealth Private Limited has 1 active EPFO establishment as of Mar 22, 2024.
GST
No GST registration is on our record for Pragati Wealth Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragati Wealth Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Randeep Singh was appointed as Director on 15 Oct 2024.
Frequently asked questions
Pragati Wealth is an active private limited company based in Panipat, Haryana, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 11 November 2020 (6+ years old) and is registered under CIN U67100HR2020PTC090912.
Pragati Wealth has 3 current directors:
- Bhavana - Additional Director
- Randeep Singh - Director
- Virender - Director
The latest financial statements of Pragati Wealth 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 FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Pragati Wealth is U67100HR2020PTC090912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Wealth was incorporated on 11 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
Randeep Singh was appointed as Director on 15 Oct 2024. Bhavana was appointed as Additional Director on 18 Nov 2022. Rakhee Arora ceased to be Director on 18 Nov 2022. Pragati Wealth has 4 board changes on record in total.
The registered office of Pragati Wealth is at CO Parveen Jain Shop No. 6 Tau Devi Lal Complex, Panipat, Haryana, India – 132103.
Pragati Wealth operates in the financial services industry, in the diversified financial services segment.
Pragati Wealth can be reached at its registered office: CO Parveen Jain Shop No. 6 Tau Devi Lal Complex, Panipat, Haryana, India – 132103.
Pragati Wealth is registered under the jurisdiction of the Registrar of Companies (ROC), Delhi.