DPIIT recognised startup Government of India
Startup India
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
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
Progulf Shelving Systems Private Limited's registered office is in Thane, Maharashtra. Its website is gulfshelving.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Progulf Shelving Systems Private Limited, buy the company report.
Comprehensive company report
Progulf Shelving Systems 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 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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Progulf Shelving Systems Private Limited, buy the company report.
Financials of Progulf Shelving Systems Private Limited
FY 2024 filings availableProgulf 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)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Progulf Shelving Systems Private Limited, buy the company report.
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 |
Auditor
Progulf Shelving Systems Private Limited is audited by S W Khan & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S W Khan & Co. | FY 2023 | 152578W |
Shareholding
The shareholding of Progulf Shelving Systems Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Progulf Shelving Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2024 | 100987269 | Others | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Progulf Shelving Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progulf Shelving Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Progulf Shelving Systems Private Limited, buy the company report.
Recent activity
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 23 days as per MCA records.
Frequently asked questions
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 has 2 current directors:
- Asheesh Vishwakarma - Director
- Asha Asheesh Vishwakarma - Director
The latest financial statements of Progulf Shelving Systems 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 2020 are in the company report.
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.
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).
Yes, Progulf Shelving Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0010036).
Progulf Shelving Systems can be reached through the website gulfshelving.com. Its registered office is in Thane, Maharashtra, India.