Primove Engineering Private Limited

Primove Engineering Private Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN U74200PN2008PTC132348 Incorporated 01 July 2008 ROC Pune HQ Pune, Maharashtra, India
Active Private Limited Company engineering MSME · Small
Revenue · FY 2025
₹8.63 Cr
▼ 35% YoY
Net loss · FY 2025
₹32.59 Lakh
Net margin -3.8%
EBITDA · FY 2025
₹1.31 Cr
EBITDA margin 15.1%
Authorised capital
₹5.21 Cr
Registered with MCA
Paid-up capital
₹4.06 Cr
Issued & subscribed
Open charges
₹1.37 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Employees · EPFO
38
Provident fund records

About Primove Engineering Private Limited

Data last updated:

Primove Engineering Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of V J Coresoft Private Limited. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 01 July 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74200PN2008PTC132348. Its GSTIN is 27AAECP7364B1ZG (Maharashtra). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5.21 Cr and a paid-up capital of ₹4.06 Cr. It is led by directors including Santosh Raghunath Gondhalekar (Whole-Time Director) and Atul Sitaram Akolkar.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A201 Lohia Jain IT Park, Pune, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹8.63 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹32.59 Lakh (net margin -3.8%) and EBITDA of ₹1.31 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 33% over five years.

The company has about 38 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1.37 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 15 deals on record (10 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in December 2018. The company has 16 MSME Form 1 returns on record between 2015 and 2021, listing 105 overdue payments to 9 micro and small suppliers.

Primove Engineering Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0092587). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primove.in.

Company details

CIN U74200PN2008PTC132348
Registration Number 132348
Incorporation Date 01 July 2008
ROC Pune
Listing Status Unlisted
Company Status Active
Parent Company V J Coresoft Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0092587
Key People
Santosh Raghunath Gondhalekar Whole-Time Director Atul Sitaram Akolkar Director Vasant Pandurang Joshi Alternate Director

Recognitions & Rankings of Primove Engineering

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-26-0092587

Contact details

Primove Engineering Private Limited's registered office is in Pune, Maharashtra. Its website is primove.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    primove.in
  • Registered Address
    2nd Floor Office No. A201 Lohia Jain IT Park Plot No. 1, S. No. 150A 1 S. No. 150A 1 2 Paud Road Kothrud, Pune, Maharashtra, India – 411038
  • Industry
    Engineering, Procurement & Construction (EPC), Engineering

To see the full contact details of Primove Engineering Private Limited, buy the company report.

Comprehensive company report
Primove Engineering 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activities of Primove Engineering are professional, scientific and technical and manufacturing. In detail, this covers architecture, engineering activities, technical testing and analysis activities and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activities
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Primove Engineering Private Limited, buy the company report.

Financials of Primove Engineering Private Limited

FY 2025 filings available

Primove Engineering Private Limited reported revenue of ₹8.63 Cr (down 35% YoY) for FY 2025.

Revenue · FY 2025
₹8.63 Cr ▼ 35%
Net loss · FY 2025
₹32.59 Lakh margin -3.8%
EBITDA · FY 2025
₹1.31 Cr margin 15.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 16%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 129%
5 years · compounded
▲ 38%

Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA fell 12% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.31 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹32.59 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin15.1%
Net Profit Margin-3.8%
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 Primove Engineering Private Limited, buy the company report.

Board of directors of Primove Engineering Private Limited

Primove Engineering has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Atul Sitaram AkolkarDirector21 Jul 20233 Years 3 MonthsCurrent
Vasant Pandurang Joshi
Also directs: V J Coresoft Private Limited, SPV Enterprises Private Limited
Alternate Director27 Aug 20251 Years 2 MonthsCurrent
Santosh Raghunath Gondhalekar
Also directs: R2s Bio Products Private Limited, Gangotree Eco Technologies Private Limited, Gangotree Energy Projects Private Limited
Whole-Time Director27 Jan 20224 Years 9 MonthsCurrent
Rajesh Ravindra Date
Also directs: Pentagen Biofuels Private Limited, Atrium Innovations Private Limited, Nanded Biofuels Private Limited and 1 more
Person Incharge20 Sep 201016 Years 1 MonthsCurrent
Pravin Moreshwar Vaidya
Also directs: V J Coresoft Private Limited, SPV Enterprises Private Limited
Director13 Jun 201016 Years 5 MonthsCurrent
Swati Pravin Vaidya
Also directs: V J Coresoft Private Limited, SPV Enterprises Private Limited
Director13 Jun 201016 Years 5 MonthsCurrent
View all directors

Auditor

Primove Engineering Private Limited is audited by SNDA & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SNDA & AssociatesFY 2023128886W

Shareholding

The shareholding of Primove Engineering Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Primove Engineering Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.37 Cr
Satisfied charges
None
Breakdown by lending institutions
Bank of India₹1.37 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Feb 2016100026259Bank of India₹30 LakhOpen
12 Mar 201010216524Bank of India₹1.07 CrOpen

To see the full charge records of Primove Engineering Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Primove Engineering Private Limited has 15 deals on record (10 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in December 2018.

Total deals
15
Secondary share transfers
10
Rights issues
3
Funding rounds
2
Disclosed funding
₹2.59 Cr

Deals on record (5 of 15)

WhenDealAmountParties
Dec 2018Rights issue₹3.9 CrInvestors: NPSE Holdings LLC, 2 individuals
Mar 2017Secondary share transferUndisclosedBuyer: an individual
Seller: V J Coresoft Private Limited
Oct 2014Secondary share transferUndisclosedBuyer: V J Coresoft Private Limited
Seller: SPV Enterprises Private Limited , 3 individuals
Jan 2012Secondary share transferUndisclosedBuyer: V J Coresoft Private Limited, 3 individuals
Seller: SPV Enterprises Private Limited , an individual
Jul 2010Funding round₹2.49 CrInvestors: V J Coresoft Private Limited, SPV Enterprises Private Limited , 2 individuals

To see the full deal history of Primove Engineering Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Primove Engineering Private Limited has 16 MSME Form 1 returns on record between 2015 and 2021, listing 105 overdue payments to 9 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 9)

SupplierAmount dueDue sinceReported on
Polytest Laboratories
Rajdeep Industries Products Pvt Ltd
Atmos Power Private Limited
Airkom Electronics Private Limited
The Southern Gas Limited

To see the full MSME payment records of Primove Engineering Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Primove Engineering Private Limited has a workforce of 38 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
38
Active EPFO establishments
1
Employee growth
2.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2738
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Primove Engineering Private Limited, buy the company report.

GST

Primove Engineering has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAECP7364B1ZGMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Primove Engineering Private Limited, buy the company report.

Recent activity

Primove Engineering Private Limited has 22 board changes on record since 2010: 6 appointments and 16 cessations. The latest: Vasant Pandurang Joshi was appointed as Alternate Director on 27 Aug 2025.

AGM
Primove Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Vasant Pandurang Joshi was appointed as Alternate Director.
Filing
Primove Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Atul Sitaram Akolkar ceased to be Additional Director.
Appointed
Atul Sitaram Akolkar was appointed as Director.
Appointed
Santosh Raghunath Gondhalekar was appointed as Whole-Time Director.
Ceased
Bageshri Milind Kshirsagar ceased to be Alternate Director.
Ceased
Rajesh Ravindra Date ceased to be Director.
Ceased
Santosh Raghunath Gondhalekar ceased to be Director.
Ceased
Purshottam Krishna Shenoy ceased to be Additional Director.
Charges
A charge with Bank Of India amounted to Rs. 0.30 Cr with Charge ID 100026259 was registered on 08 Feb 2016.
Ceased
Vasant Pandurang Joshi ceased to be Alternate Director.

16 earlier events are in the company report.

Frequently asked questions

Primove Engineering is an active private limited company based in Pune, Maharashtra, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 01 July 2008 (18+ years old) and is registered under CIN U74200PN2008PTC132348.

Primove Engineering has 6 current directors:

The latest financial statements of Primove Engineering on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Primove Engineering is 27AAECP7364B1ZG, 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 Primove Engineering is U74200PN2008PTC132348. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Primove Engineering has 2 court cases on record: 2 filed against it. 1 is pending.

Primove Engineering was incorporated on 01 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.

Primove Engineering has 15 deals on record (10 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in December 2018.

Vasant Pandurang Joshi was appointed as Alternate Director on 27 Aug 2025. Atul Sitaram Akolkar ceased to be Additional Director on 29 Sep 2023. Atul Sitaram Akolkar was appointed as Director on 21 Jul 2023. Primove Engineering has 22 board changes on record in total.

Yes, Primove Engineering is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0092587).

Primove Engineering has 16 MSME Form 1 returns on record between 2015 and 2021, listing 105 overdue payments to 9 micro and small suppliers. The latest return was filed on 18 Nov 2021.