Progen Erp Systems Private Limited - Due diligence report

A 360° intelligence report on Progen Erp Systems: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1996-08-13 Goa., Goa Active Unlisted Active Compliant
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Progen Erp Systems — 360° Intelligence Report

Generated from MCA filings & public records
92/100
Trust Score
Low Risk

Progen Erp Systems is assessed as Low Risk with a Trust Score of 92/100. Progen Erp Systems is an active private limited indian non-government company incorporated in 1996, operating in the Information Technology sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Progen Erp Systems Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
92/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (2.00 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ROOPA JAIWANT PRIOLKAR 01234567 Director 01/04/2018 6 yrs Approved
SHRIPAD ANANT KHEDEKAR 01234567 Director 01/04/2018 6 yrs Approved
ARVIND KUMAR KEJRIWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2019 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Progen Software Research Private Limited
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Progen Software Research Private Limited Holding Company 74.00%

Key managerial personnel: ARVIND KUMAR KEJRIWAL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 29+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 2.00 Lakh already registered.
  • Compliance record supports lending.
Investor view77/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 10 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Sep 2021
Director appointed
SHRIPAD ANANT KHEDEKAR (Director)
04 Sep 2021
Director ceased
ARVIND KUMAR KEJRIWAL
10 Dec 2020
Director appointed
ROOPA JAIWANT PRIOLKAR (Director)
Director ceased
ROOPA JAIWANT PRIOLKAR
11 Sep 2020
Director ceased
JAIWANT RANGANATH PRIOLKAR
10 Apr 1997
Charge created
State Bank Of India - 2.00 Lakh
01 Apr 1997
Director appointed
ARVIND KUMAR KEJRIWAL (Whole-time director)
13 Aug 1996
Incorporated
Registered with Roc Goa
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Skyris Technologies Private Limited U74999MH2017PTC292308 Kandivlai West, Maharashtra, India
Geuder India Ophthalmics Private Limited U52609TN2017PTC143694 Ambattur, Tamil Nadu, India
Quality Loggers Private Limited U74110MH1997PTC105964 Mumbai, Maharashtra, India
Telma Telecommunication Services Private Limited U64204KA2015PTC079619 Bangalore, Karnataka, India
Southernchips U32104KL1998PTC012103 Ernakulam, Kerala, India
Samtaiyo Tech India Private Limited U74999UP2018PTC106029 Noida, Uttar Pradesh, India
Jagannath Craneways Private Limited U29100MH2016PTC287057 Mumbai, Maharashtra, India
Home Vu Digital Cable And Broadband Private Limited U64200KA2018PTC119242 Bangalore, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Progen Erp Systems before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Progen Erp Systems: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Progen Erp Systems - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 92/100, distress signals and MSME payment-delay disclosures - know whether Progen Erp Systems pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Progen Erp Systems - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Progen Erp Systems an active company?

Progen Erp Systems has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Progen Erp Systems financially healthy?

Progen Erp Systems has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Progen Erp Systems?

Its overall Trust Score is 92/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Progen Erp Systems?

The ultimate holding entity is Progen Software Research Private Limited. 3 active director(s) are on record.

Does Progen Erp Systems have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Progen Erp Systems up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Progen Erp Systems?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.