MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-03-0055555
Progen Renewables Limited - energy and power in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹134.73 Cr
▲ 21% YoY
Net profit · FY 2025
₹12.63 Cr
Net margin 9.4%
EBITDA · FY 2025
₹17.54 Cr
EBITDA margin 13%
Authorised capital
₹17 Cr
Registered with MCA
Paid-up capital
₹18.72 Lakh
Issued & subscribed
Open charges
₹22.3 Cr
Satisfied ₹5 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
20
Provident fund records
About Progen Renewables Limited
Data last updated:
Progen Renewables Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 21 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U31909TZ2017PLC029803. Its GSTIN is 33AAJCP5895L1ZP (Tamil Nadu).
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹18.72 Lakh. It is led by directors including Alfred Vinod Antony (Managing Director) and Kottur Veluchamy Karthik.
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 Coimbatore, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹134.73 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹12.63 Cr (net margin 9.4%) and EBITDA of ₹17.54 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 124% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹22.3 Cr and satisfied charges of ₹5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Progen Renewables Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0055555). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progenenergy.com.
Company details
CIN U31909TZ2017PLC029803
Registration Number 029803
Incorporation Date 21 December 2017
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-03-0055555
CIN history
Progen Renewables has one previous CIN (Corporate Identification Number): U31909TZ2017PTC029803. The current CIN is U31909TZ2017PLC029803, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909TZ2017PLC029803 | Current |
| U31909TZ2017PTC029803 | Previous |
Recognitions & Rankings of Progen Renewables
Contact details
Progen Renewables Limited's registered office is in Coimbatore, Tamil Nadu.
- Registered Address87 A First Floor, Sathy Road Muniappan Koil Street, Coimbatore, Tamil Nadu, India – 641006
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
Comprehensive company report
Progen Renewables 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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Financials of Progen Renewables Limited
FY 2024 filings availableProgen Renewables Limited reported revenue of ₹134.73 Cr (up 21% YoY) for FY 2025.
Revenue · FY 2025
₹134.73 Cr ▲ 21%
Net profit · FY 2025
₹12.63 Cr margin 9.4%
EBITDA · FY 2025
₹17.54 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 30%
5 years · compounded
▲ 124%
EBITDA CAGR growth
1 year
▲ 57%
3 years · compounded
▲ 110%
5 years · compounded
▲ 238%
Revenue has grown at a compounded annual rate (CAGR) of 124% over five years, including 21% growth in the latest year. EBITDA rose 57% 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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| EBITDA | ₹17.54 Cr | ||||
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| Net Profit (PAT) | ₹12.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 9.4% | ||||
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To see the full financial statements and ratios of Progen Renewables Limited, buy the company report.
Board of directors and KMP of Progen Renewables Limited
Progen Renewables Limited currently reports 6 directors and 1 key managerial person. 6 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Jose Also directs: Ashirvad Green Energy Private Limited | Cfo | 23 Jan 2025 | 1 Years 9 Months | Current |
| Alfred Vinod Antony | Managing Director | 01 Nov 2023 | 2 Years 11 Months | Current |
| Kottur Veluchamy Karthik Also directs: Udhayalakshmi Properties Limited | Director | 03 Feb 2025 | 1 Years 8 Months | Current |
| Govindarajulu Sreepathi | Additional Director | 07 Oct 2025 | 1 Years 0 Months | Current |
| Innocent Judejoseph Antonyjoseph | Director | 03 Feb 2025 | 1 Years 8 Months | Current |
| Shyam Sundar Venkatraman | Director | 03 Feb 2025 | 1 Years 8 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Progen Renewables Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arja Energys Private Limited | ₹139.52 Cr (FY 2024) | 182.0% | Tirupur, Tamil Nadu, India | |||
| Husk Power Systems Private Limited | ₹136.53 Cr (FY 2025) | 93.0% | New Delhi, Delhi, India | |||
| Progen Renewables Limitedthis company | ₹134.73 Cr (FY 2025) | ₹12.63 Cr | 9.4% | 21.0% | Coimbatore, Tamil Nadu, India | |
| Khavda-Bhuj Transmission Limited | ₹134.46 Cr (FY 2025) | 861.0% | New Delhi, Delhi, India | |||
| Insolare Energy Limited | ₹133.03 Cr (FY 2024) | -47.0% | Ahmedabad, Gujarat, India | |||
| Teravon Green Energies Limited | ₹132.7 Cr (FY 2025) | 250.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Progen Renewables Limited, buy the company report.
Charges & borrowings
Open charges
₹22.3 Cr
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2025 | 101080692 | Others | ₹22 Cr | Open | |
| 17 Dec 2022 | 100657832 | Others | ₹23.08 Lakh | Open | |
| 01 Oct 2021 | 100500569 | Others | ₹7 Lakh | Open | |
| 15 Sep 2023 | 100784196 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Progen Renewables Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Progen Renewables Limited has 2 court cases on record: 2 filed by Progen Renewables. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Commissioner of Income Tax (Appeals) | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Commissioner of Income Tax (Appeals) | Disposed |
To see the full case history of Progen Renewables 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 Progen Renewables Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progen Renewables has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCP5895L1ZP | Tamil Nadu | Active | 15 Feb 2018 |
To see the full GST registrations and return filing status of Progen Renewables Limited, buy the company report.
Recent activity
Progen Renewables Limited has 13 board changes on record since 2019: 7 appointments and 6 cessations. The latest: Govindarajulu Sreepathi was appointed as Additional Director on 07 Oct 2025.
Appointed
Govindarajulu Sreepathi was appointed as Additional Director.
Ceased
Radhakrishnan Hari Basker ceased to be Additional Director.
Ceased
Shyam Sundar Venkatraman ceased to be Director.
Appointed
Radhakrishnan Hari Basker was appointed as Director.
Ceased
Veena Jose ceased to be Director.
Charges
A charge with Others of Rs. 22.00 Cr registered on 27 Mar 2025 with Charge ID 101080692 was modified on 27 Jun 2025.
Charges
A charge with Others amounted to Rs. 22.00 Cr with Charge ID 101080692 was registered on 27 Mar 2025.
Appointed
Innocent Judejoseph Antonyjoseph was appointed as Director.
Appointed
Kottur Veluchamy Karthik was appointed as Director.
Appointed
Shyam Sundar Venkatraman was appointed as Director.
Ceased
Arvind Jain ceased to be Director.
Appointed
Veena Jose was appointed as CFO.
10 earlier events are in the company report.
Frequently asked questions
Progen Renewables is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 21 December 2017 (9+ years old) and is registered under CIN U31909TZ2017PLC029803.
Progen Renewables has 7 current directors and KMP:
- Alfred Vinod Antony - Managing Director
- Kottur Veluchamy Karthik - Director
- Govindarajulu Sreepathi - Additional Director
- Innocent Judejoseph Antonyjoseph - Director
- Shyam Sundar Venkatraman - Director
- Radhakrishnan Hari Basker - Director
- Veena Jose - Cfo
The latest financial statements of Progen Renewables 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 2018 are in the company report.
The GSTIN of Progen Renewables is 33AAJCP5895L1ZP, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Progen Renewables is U31909TZ2017PLC029803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progen Renewables has 2 court cases on record: 2 filed by the company.
Progen Renewables was incorporated on 21 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Progen Renewables by revenue are Arja Energys Private Limited, Husk Power Systems Private Limited, Khavda-Bhuj Transmission Limited, Insolare Energy Limited, Teravon Green Energies Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution).
Govindarajulu Sreepathi was appointed as Additional Director on 07 Oct 2025. Radhakrishnan Hari Basker ceased to be Additional Director on 28 Sep 2025. Shyam Sundar Venkatraman ceased to be Director on 12 Sep 2025. Progen Renewables has 13 board changes on record in total.
Yes, Progen Renewables is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-03-0055555).
Progen Renewables can be reached through the website progenenergy.com. Its registered office is in Coimbatore, Tamil Nadu, India.