Progen Software Research Private Limited - Due diligence report

A 360° intelligence report on Progen Software Research Private Limited: trust score, financial health, credit view, compliance, directors, g…

1988-08-23 Goa, Goa Active Unlisted Active Compliant
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Progen Software Research Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Progen Software Research Private Limited is assessed as Low Risk with a Trust Score of 86/100. Progen Software Research Private Limited is an active private limited indian non-government company incorporated in 1988, operating in the Electrnoics sector. Reported revenue has declined 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 moderate financial risk profile.

Report generated on 26 Jul 2026 from the latest processed filings. Progen Software Research 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
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 filed year(s)

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

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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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (3.05 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India2 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
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.
06

Ownership & Group Intelligence

As per FY 2017 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 Erp Systems 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 Erp Systems Private Limited Holding Company 74.00%

Key managerial personnel: ARVIND KUMAR KEJRIWAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 37+ years.
Distress signals & risk flags
Revenue declined year-on-year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence88/100
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 assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 3.05 Lakh already registered.
  • Compliance record supports lending.
Investor view62/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 11 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
31 Dec 2020
Director appointed
ROOPA JAIWANT PRIOLKAR (Director)
10 Dec 2020
Director ceased
ROOPA JAIWANT PRIOLKAR
11 Sep 2020
Director ceased
JAIWANT RANGANATH PRIOLKAR
17 Jan 1996
Charge created
State Bank Of India - 2.25 Lakh
23 Mar 1991
Charge created
State Bank Of India - 80,000.00
01 Oct 1988
Director appointed
ARVIND KUMAR KEJRIWAL (Managing Director)
23 Aug 1988
Incorporated
Registered with Roc Goa
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 1 financial year(s).
Net profit margin moved from 2.1x to 24%.
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.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bient Technologies Private Limited U72900DL2016PTC298232 New Delhi, Delhi, India
Mahat Power Systems Private Limited U28920KA1992PTC013113 Bangalore North, Karnataka, India
Mudrah Technologies Private Limited U72300MH2014PTC258843 Bhayander, Maharashtra, India
Telesoft Smart Products Private Limited U32109DL2017PTC313027 Delhi, Delhi, India
Jonron Technics Private Limited U31909GJ2011PTC067224 Rajkot, Gujarat, India
Patil Equipments Private Limited U29299PN2005PTC020282 Kolhapur, Maharashtra, India
Bombay Refrigerator Industries Private Limited U29300MH1960PTC011755 Mumbai, Maharashtra, India
Passion Core Solutions Private Limited U01122DL1998PTC097733 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Progen Software Research Private Limited 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 Software Research Private Limited: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Progen Software Research Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Progen Software Research Private Limited 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 Software Research Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Progen Software Research Private Limited an active company?

Progen Software Research Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Progen Software Research Private Limited financially healthy?

Progen Software Research Private Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Progen Software Research Private Limited?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Progen Software Research Private Limited?

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

Does Progen Software Research Private Limited have loans or charges against its assets?

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

Is Progen Software Research Private Limited 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 Software Research Private Limited?

Its Credit Risk Score is 85/100 (Low Risk). 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.