About Progas Systems Private Limited
Data last updated:
Progas Systems Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 02 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28100MH2013PTC247777. Its GSTIN is 27AAHCP3544L1Z2 (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15.15 Lakh. It is led by directors including Santhanam Rajagopal and Sandeep Sunder Balasubramanian.
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 Vasai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.54 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹19.81 Lakh (net margin 2.3%) and EBITDA of ₹22.62 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 10% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.64 Cr and satisfied charges of ₹75 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progassystems.com.
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- Website
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- Registered AddressGala No 23 Ground Floor Bluechip Industrial Estate No 5 Village Waliv Sativali Ro, Ad, Vasai, Maharashtra, India – 401210
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Progas Systems Private Limited
The main business activity of Progas Systems is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Progas Systems Private Limited
Progas Systems Private Limited is audited by S L CHHAJED & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S L CHHAJED & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Progas Systems Private Limited
Progas Systems has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santhanam Rajagopal Also directs: Progas Tripti LLP | Director | 30 May 2024 | 2 Years 4 Months | Current |
| Sandeep Sunder Balasubramanian Also directs: Progas Tripti LLP | Director | 02 Sep 2013 | 13 Years 1 Months | Current |
| Shantilal Bhabutmal Baldota Also directs: Progas Tripti LLP | Director | 02 Sep 2013 | 13 Years 1 Months | Current |
| Mahesh Kolavi Also directs: Progas Tripti LLP | Director | 30 May 2024 | 2 Years 4 Months | Current |
Financials of Progas Systems Private Limited FY 2025 filings available
Progas Systems Private Limited reported revenue of ₹8.54 Cr (up 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progas Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 64% growth in the latest year. EBITDA rose 76% 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 of Progas Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹22.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.81 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 of Progas Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Progas Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Progas Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Progas Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2022 | Others | ₹2.6 Cr | Open |
| 15 Jun 2020 | Bank of India | ₹4 Lakh | Open |
| 28 May 2018 | Bank of India | ₹75 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Progas Systems Private Limited
Progas Systems Private Limited has a workforce of 8 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Progas Systems Private Limited
Progas Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP3544L1Z2 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Progas Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Progas Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Progas Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Progas Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Progas Systems Private Limited
Frequently Asked Questions about Progas Systems Private Limited
Progas Systems is an active private limited company based in Vasai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 02 September 2013 (13+ years old) and is registered under CIN U28100MH2013PTC247777.
Progas Systems reported revenue of ₹8.54 Cr for FY 2025 (up 64% YoY).
Progas Systems has 4 current directors:
- Santhanam Rajagopal - Director
- Sandeep Sunder Balasubramanian - Director
- Shantilal Bhabutmal Baldota - Director
- Mahesh Kolavi - Director
Progas Systems reported a net profit of ₹19.81 Lakh (net margin 2.3%) and EBITDA of ₹22.62 Lakh (EBITDA margin 2.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progas Systems is 18% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 64%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progas Systems is 27AAHCP3544L1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progas Systems is U28100MH2013PTC247777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progas Systems was incorporated on 02 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Progas Systems can be reached through the website progassystems.com. Its registered office is in Vasai, Maharashtra, India.