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Progulf Shelving Systems Private Limited - machinery and equipment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.11 Cr
▼ 70% YoY
Net profit · FY 2024
₹67.14 Lakh
Net margin 31.8%
EBITDA · FY 2024
₹74.48 Lakh
EBITDA margin 35.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Open charges
₹15 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Progulf Shelving Systems Private Limited
Data last updated:
Progulf Shelving Systems Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 01 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH2019PTC331185. Its GSTIN is 27AAKCP7971J1ZO (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹50,000. It is led by directors Asheesh Vishwakarma and Asha Asheesh Vishwakarma.
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 B 202 Siddhi Heights Opp Quality Dhaba Narangi Bypass Road Virar E, Thane, Maharashtra, India – 401305.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.11 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹67.14 Lakh (net margin 31.8%) and EBITDA of ₹74.48 Lakh (EBITDA margin 35.3%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years.
As per MCA filings, the company has open charges of ₹15 Lakh on record.
Progulf Shelving Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0010036). For more details, the company can be reached via its website gulfshelving.com.
Company Details of Progulf Shelving Systems Private Limited
CIN U29100MH2019PTC331185
Registration Number 331185
Incorporation Date 01 October 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-17-0010036
Recognitions & Rankings of Progulf Shelving Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-17-0010036
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB 202 Siddhi Heights Opp Quality Dhaba Narangi Bypass Road Virar E, Thane, Maharashtra, India – 401305
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
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Business Activity of Progulf Shelving Systems Private Limited
The main business activity of Progulf Shelving Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Progulf Shelving Systems Private Limited FY 2024 filings available
Progulf Shelving Systems Private Limited reported revenue of ₹2.11 Cr (down 70% YoY) for FY 2024.
Revenue · FY 2024
₹2.11 Cr ▼ 70%
Net profit · FY 2024
₹67.14 Lakh margin 31.8%
EBITDA · FY 2024
₹74.48 Lakh margin 35.3%
Compounded Annual Growth Rate (CAGR) of Progulf Shelving Systems Private Limited
Revenue CAGR growth
1 year
▼ 70%
3 years · compounded
▲ 65%
EBITDA CAGR growth
1 year
▲ 584%
3 years · compounded
▲ 254%
Revenue fell 70% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 65%. EBITDA rose 584% 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 Progulf Shelving Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹74.48 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹67.14 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 Progulf Shelving Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 31.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Progulf Shelving Systems are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Progulf Shelving Systems Private Limited
Progulf Shelving Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asheesh Vishwakarma | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
| Asha Asheesh Vishwakarma | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
Peer Comparison of Progulf Shelving Systems Private Limited
Progulf Shelving Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Joe and De Engineers Private Limited | ₹2.14 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
| Ar Aquaformatics Private Limited | ₹2.14 Cr (FY 2024) | •••• | •••• | 70.0% | •••• | Neb Sarai, Delhi, India |
| Redi Unipolar Private Limited | ₹2.13 Cr (FY 2024) | •••• | •••• | -46.0% | •••• | Chennai, Tamil Nadu, India |
| Garnet Powertech Private Limted | ₹2.12 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Prime Power Services Private Limited | ₹2.11 Cr (FY 2023) | •••• | •••• | 5.0% | •••• | Secunderabad, Telangana, India |
| Progulf Shelving Systems Private Limited this company | ₹2.11 Cr (FY 2024) | •••• | •••• | -70.0% | •••• | Thane, Maharashtra, India |
| Tricoat Weld Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Secunderabad, Telangana, India |
| 3P Vision X Private Limited | ₹2.1 Cr (FY 2024) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Purvanchal Pneumatic Solutions Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Varanasi, Uttar Pradesh, India |
| GRK Exim Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | 3198.0% | •••• | Mumbai, Maharashtra, India |
| Arine Engineers Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | •••• | Gandhidham, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Progulf Shelving Systems by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progulf Shelving Systems Private Limited
Progulf Shelving Systems Private Limited is audited by S W Khan & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S W Khan & Co. | Locked | Locked | Locked |
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Ownership and Shareholding of Progulf Shelving Systems Private Limited
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Charges & Borrowings of Progulf Shelving Systems Private Limited
Open charges
₹15 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2024 | Others | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Progulf Shelving Systems Private Limited
Employment history and EPFO contributions of people linked to Progulf Shelving Systems.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Progulf Shelving Systems Private Limited
Progulf Shelving Systems Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Asha Asheesh Vishwakarma was appointed as Director on 01 Oct 2019.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 100987269 was registered on 11 Oct 2024.
AGM
Progulf Shelving Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Progulf Shelving Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Appointed
Asha Asheesh Vishwakarma was appointed as Director.
Appointed
Asheesh Vishwakarma was appointed as Director.
Incorporation
01 Oct 2019
Progulf Shelving Systems Private Limited was registered on 01 Oct 2019 with Roc Mumbai Ii & aged 7 years 21 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Progulf Shelving Systems Private Limited
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MSME Payment Delays by Progulf Shelving Systems Private Limited
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Subsidiaries & Group Companies of Progulf Shelving Systems Private Limited
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GST Compliance of Progulf Shelving Systems Private Limited
Progulf Shelving Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP7971J1ZO | Maharashtra | Active | 16 Oct 2019 |
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MCA Filings & Documents of Progulf Shelving Systems Private Limited
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Frequently Asked Questions about Progulf Shelving Systems Private Limited
Progulf Shelving Systems is an active private limited company based in Thane, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 01 October 2019 (7+ years old) and is registered under CIN U29100MH2019PTC331185.
Progulf Shelving Systems reported revenue of ₹2.11 Cr for FY 2024 (down 70% YoY).
Progulf Shelving Systems has 2 current directors:
- Asheesh Vishwakarma - Director
- Asha Asheesh Vishwakarma - Director
Progulf Shelving Systems reported a net profit of ₹67.14 Lakh (net margin 31.8%) and EBITDA of ₹74.48 Lakh (EBITDA margin 35.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progulf Shelving Systems is 65% over three years. In the latest year (FY 2024) revenue fell 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progulf Shelving Systems is 27AAKCP7971J1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progulf Shelving Systems is U29100MH2019PTC331185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progulf Shelving Systems was incorporated on 01 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progulf Shelving Systems by revenue are Joe and De Engineers Private Limited, Ar Aquaformatics Private Limited, Redi Unipolar Private Limited, Garnet Powertech Private Limted, Prime Power Services Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Retail and Distribution).
Asha Asheesh Vishwakarma was appointed as Director on 01 Oct 2019. Asheesh Vishwakarma was appointed as Director on 01 Oct 2019.
Yes, Progulf Shelving Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).