MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0001997
Prime Progression Global Commerce Private Limited - engineering in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹61.09 Cr
▲ 29% YoY
Net profit · FY 2025
₹4.68 Cr
Net margin 7.7%
EBITDA · FY 2025
₹7.02 Cr
EBITDA margin 11.5%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹22.39 Lakh
Issued & subscribed
Open charges
₹11.05 Cr
Satisfied ₹4 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
20
Provident fund records
About Prime Progression Global Commerce Private Limited
Data last updated:
Prime Progression Global Commerce Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the engineering components retail and distribution segment of the engineering sector. It was incorporated on 16 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36101KA2020PTC133397. Its GSTIN is 29AALCP1035C1ZN (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.39 Lakh. It is led by directors including Krishnamurthy Rajagopalan (Whole-Time Director) and Haridas Sajit (Whole-Time Director).
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 323 Amulya Mansion 8th Main 2nd Cross Beml Layout Kundalahalli Main Road, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.09 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹4.68 Cr (net margin 7.7%) and EBITDA of ₹7.02 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.05 Cr and satisfied charges of ₹4 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 1 deal on record (1 rights issue); the latest was in May 2020. Its 5 peer companies in the Engineering industry (Components Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 3 smaller; the largest is Agarwal Steel Trading Private Limited with revenue of ₹62.27 Cr.
Prime Progression Global Commerce Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0001997). For more details, the company can be reached via its website primeprogression.in.
Company details
CIN U36101KA2020PTC133397
Registration Number 133397
Incorporation Date 16 March 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 August 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0001997
Key People
Krishnamurthy Rajagopalan Whole-Time Director Haridas Sajit Whole-Time Director Kizhakepat Achuthan Menon Director Recognitions & Rankings of Prime Progression Global Commerce
Contact details
Prime Progression Global Commerce Private Limited's registered office is in Bangalore, Karnataka. Its website is primeprogression.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address323 Amulya Mansion 8th Main 2nd Cross Beml Layout Kundalahalli Main Road, Bangalore, Karnataka, India – 560066
- IndustryEngineering, Engineering Components Retail & Distribution
To see the full contact details of Prime Progression Global Commerce Private Limited, buy the company report.
Comprehensive company report
Prime Progression Global Commerce 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 Prime Progression Global Commerce 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 Prime Progression Global Commerce Private Limited, buy the company report.
Financials of Prime Progression Global Commerce Private Limited
FY 2025 filings availablePrime Progression Global Commerce Private Limited reported revenue of ₹61.09 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹61.09 Cr ▲ 29%
Net profit · FY 2025
₹4.68 Cr margin 7.7%
EBITDA · FY 2025
₹7.02 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 5% over three years, including 29% growth in the latest year. EBITDA rose 45% 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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| Total Expenses | |||||
| EBITDA | ₹7.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.68 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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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 | 11.5% | ||||
| Net Profit Margin | 7.7% | ||||
| 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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To see the full financial statements and ratios of Prime Progression Global Commerce Private Limited, buy the company report.
Board of directors of Prime Progression Global Commerce Private Limited
Prime Progression Global Commerce has 4 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 |
|---|---|---|---|---|
| Kizhakepat Achuthan Menon | Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Krishnamurthy Rajagopalan | Whole-Time Director | 16 Feb 2023 | 3 Years 8 Months | Current |
| Haridas Sajit | Whole-Time Director | 16 Feb 2023 | 3 Years 8 Months | Current |
| Shilpa Gangan | Director | 01 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Prime Progression Global Commerce Private Limited is compared with the 5 companies closest to it by revenue in the Engineering industry (Components Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agarwal Steel Trading Private Limited | ₹62.27 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Hoffmann Quality Tools India Private Limited | ₹61.2 Cr (FY 2025) | 17.0% | Pune, Maharashtra, India | |||
| Prime Progression Global Commerce Private Limitedthis company | ₹61.09 Cr (FY 2025) | ₹4.68 Cr | 7.7% | 29.0% | 20 | Bangalore, Karnataka, India |
| Saps Power Equipments Private Limited | ₹60.2 Cr (FY 2024) | 48.0% | Kolkata, West Bengal, India | |||
| Spurs and Threads Solutions Private Limited | ₹58.49 Cr (FY 2024) | 171.0% | Bangalore, Karnataka, India | |||
| Brueckner Group India Private Limited | ₹58.03 Cr (FY 2025) | 20.0% | Thane, Maharashtra, India |
To see the full peer comparison of Prime Progression Global Commerce Private Limited, buy the company report.
Auditor
Prime Progression Global Commerce Private Limited is audited by R V K S And Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R V K S And Associates | FY 2023 | 008572S |
Shareholding
The shareholding of Prime Progression Global Commerce 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 Prime Progression Global Commerce Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.05 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2025 | 101064479 | Axis Bank Limited | ₹1.1 Cr | Open | |
| 03 Mar 2025 | 101065939 | State Bank of India | ₹9.95 Cr | Open | |
| 25 Aug 2021 | 100479201 | Axis Bank Limited | ₹4 Cr | Satisfied |
To see the full charge records of Prime Progression Global Commerce Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Prime Progression Global Commerce Private Limited has 1 deal on record (1 rights issue); the latest was in May 2020.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Rights issue | ₹24 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prime Progression Global Commerce Private Limited has 2 court cases on record: 2 filed by Prime Progression Global Commerce. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (COMP.APPL) | Filed by the company | Disposed |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company against an individual | Disposed |
To see the full case history of Prime Progression Global Commerce 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 Prime Progression Global Commerce Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prime Progression Global Commerce Private Limited has a workforce of 20 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
GST
Prime Progression Global Commerce has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP1035C1ZN | Karnataka | Active | 27 Mar 2020 |
| 33AALCP1035C1ZY | Tamil Nadu | Active | 05 Jul 2023 |
To see the full GST registrations and return filing status of Prime Progression Global Commerce Private Limited, buy the company report.
Recent activity
Prime Progression Global Commerce Private Limited has 12 board changes on record since 2020: 8 appointments and 4 cessations. The latest: Vijay Kumar Nair ceased to be Managing Director on 31 Oct 2025.
Ceased
Vijay Kumar Nair ceased to be Managing Director.
Appointed
Shilpa Gangan was appointed as Director.
AGM
Prime Progression Global Commerce Private Limited last Annual general meeting of members was held on 20 Aug 2025 as per latest MCA records.
Filing
Prime Progression Global Commerce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 25 Aug 2021 via Charge ID 100479201 with Axis Bank Limited was fully satisfied on 19 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 110.00 Lakh with Charge ID 101064479 was registered on 12 Mar 2025.
Charges
A charge with State Bank Of India amounted to Rs. 995.00 Lakh with Charge ID 101065939 was registered on 03 Mar 2025.
Ceased
Ramamurthy Chandrasekar ceased to be Whole-Time Director.
Appointed
Haridas Sajit was appointed as Whole-Time Director.
Appointed
Krishnamurthy Rajagopalan was appointed as Whole-Time Director.
Ceased
Sairaman Krishnamoorthy ceased to be Whole-Time Director.
Charges
A charge with Axis Bank Limited of Rs. 400.00 Lakh registered on 25 Aug 2021 with Charge ID 100479201 was modified on 01 Dec 2022.
8 earlier events are in the company report.
Frequently asked questions
Prime Progression Global Commerce is an active private limited company based in Bangalore, Karnataka, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 16 March 2020 (6+ years old) and is registered under CIN U36101KA2020PTC133397.
Prime Progression Global Commerce has 4 current directors:
- Krishnamurthy Rajagopalan - Whole-Time Director
- Haridas Sajit - Whole-Time Director
- Kizhakepat Achuthan Menon - Director
- Shilpa Gangan - Director
The latest financial statements of Prime Progression Global Commerce on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Prime Progression Global Commerce is 29AALCP1035C1ZN, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AALCP1035C1ZY (Tamil Nadu).
The CIN (Corporate Identification Number) of Prime Progression Global Commerce is U36101KA2020PTC133397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Progression Global Commerce has 2 court cases on record: 2 filed by the company.
Prime Progression Global Commerce was incorporated on 16 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Prime Progression Global Commerce has 1 deal on record (1 rights issue); the latest was in May 2020.
The peers of Prime Progression Global Commerce by revenue are Agarwal Steel Trading Private Limited, Hoffmann Quality Tools India Private Limited, Saps Power Equipments Private Limited, Spurs and Threads Solutions Private Limited, Brueckner Group India Private Limited, all in the Engineering industry (Components Retail and Distribution), with the same principal business activity (wholesale trading).
Vijay Kumar Nair ceased to be Managing Director on 31 Oct 2025. Shilpa Gangan was appointed as Director on 01 Oct 2025. Ramamurthy Chandrasekar ceased to be Whole-Time Director on 30 Sep 2023. Prime Progression Global Commerce has 12 board changes on record in total.
Yes, Prime Progression Global Commerce is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0001997).