Progas Systems Private Limited - Company Profile

It is a machinery and equipment private limited company based in Vasai, Maharashtra, India, established in 2013.
2013 Vasai, Maharashtra, India Active
Last Updated:
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About Progas Systems Private Limited

Progas Systems Private Limited, a active private limited company, was established on 02 September 2013 in Vasai, Maharashtra, India. Engaging in industrial tools & components within the trade sector, it holds CIN: U28100MH2013PTC247777. Registered under ROC Roc Mumbai Ii. it is unlisted. It has an authorized capital of ₹2.00 M and a paid-up capital of ₹1.52 M.

It upholds a compliant status. Employing 8 professional, Its leadership includes Santhanam Rajagopal (Director), Sandeep Sunder Balasubramanian (Director), Shantilal Bhabutmal Baldota (Director). It holds ₹2.64 Cr open charges and ₹7.50 M settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Gala No 23, Ground Floor, Bluechip Industrial Estate No 5, Village Waliv, Sativali Ro, Ad, Vasai, Maharashtra, 401210.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U28100MH2013PTC247777

  • Registration Number

    247777

  • Incorporation Date

    02 September 2013

  • Authorized Capital

    ₹2.00 M

  • Paid-Up Capital

    ₹1.52 M

  • ROC Code

    Roc Mumbai Ii

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.52 M
  • Company Age 12 Year, 5 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 2.64 Cr
  • Satisfied Charges ₹ 7.50 M
  • Revenue Growth **** 61.07%
  • Profit Growth **** 6.26%
  • Ebitda **** -17.85%
  • Net Worth 22.07%
  • Total Assets **** 21.68%
Company report

Progas Systems Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progas Systems Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Progas Systems Private Limited?
Current Directors
Name Designation Appointment Date Status
Santhanam Rajagopal Director 30 May 2024 Current
Sandeep Sunder Balasubramanian Director 02 Sep 2013 Current
Shantilal Bhabutmal Baldota Director 02 Sep 2013 Current
Mahesh Kolavi Director 30 May 2024 Current

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Financial Performance of Progas Systems.

Progas Systems Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 61.07% increase. The company also saw a slight improvement in profitability, with a 6.26% increase in profit. The company's net worth Soared by an impressive increase of 22.07%.

Progas Systems revenue growth over time
Progas Systems profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 61.07%
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Revenue from Operations
*******
 68.34%
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*******
*******
Total Assets
*******
 21.68%
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*******
*******
*******
Profit or Loss
*******
 6.26%
*******
*******
*******
*******
Net Worth
*******
 22.07%
*******
*******
*******
*******
EBITDA
*******
 -17.85%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progas Systems?

In 2021, Progas Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹26,400,000.00

Satisfied Charges

₹7,500,000.00

Charges Breakdown by Lending Institutions
  • Others : 2.60 Cr
  • Bank Of India : 0.04 Cr
Latest Charge Details
Date Lender Amount Status
20 Apr 2022 Others ₹2.60 Cr Open
15 Jun 2020 Bank Of India ₹0.40 M Open
28 May 2018 Bank Of India ₹7.50 M Satisfied

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How Many Employees Work at Progas Systems?

Progas Systems has a workforce of 8 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progas Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progas Systems's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Progas Systems
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others of Rs. 26.00 M registered on 20 Apr 2022 with Charge ID 100561877 was modified on 23 Oct 2025. was documented.

  • Annual General Meeting

    Progas Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Progas Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii. was documented.

  • Director Appointment

    Progress on Santhanam Rajagopal was appointed as a Director was appointed as a Director on 30 May 2024 & has been associated with this company since 1 year 9 months . was documented.

  • Director Appointment

    Mahesh Kolavi was appointed as a Director was appointed as a Director on 30 May 2024 & has been associated with this company since 1 year 9 months . was recorded as a recent event.

  • Charges

    The activity A charge with Others amounted to Rs. 26.00 M with Charge ID 100561877 was registered on 20 Apr 2022. was completed.

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Frequently Asked Questions
What is the CIN of Progas Systems Private Limited?

The CIN of Progas Systems Private Limited is U28100MH2013PTC247777.

Where is Progas Systems Private Limited headquartered?

Progas Systems Private Limited is headquartered at Gala No 23, Ground Floor, Bluechip Industrial Estate No 5, Village Waliv, Sativali Ro, Ad, Vasai, Maharashtra, 401210.

When was Progas Systems Private Limited incorporated?

Progas Systems Private Limited was incorporated on 02 September 2013.

Who are the current directors of Progas Systems Private Limited?

The current directors of Progas Systems Private Limited are

What is the primary industry of Progas Systems Private Limited?

The primary industry of Progas Systems Private Limited is Trade.

Is Progas Systems Private Limited a listed company?

Progas Systems Private Limited is unlisted.

What is the capital structure of Progas Systems Private Limited?

The authorized capital of Progas Systems Private Limited is ₹2.00 M, and the paid-up capital is ₹1.52 M.

What is the compliance status of Progas Systems Private Limited?

The compliance status of Progas Systems Private Limited is Compliant.

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