Progress Rail Innovations Private Limited

Manufactures traction systems and provides support services for diesel locomotives.

1996 | New Delhi (India) | Active
Last Updated:

Progress Rail Innovations Profile

Key Indicators

  • Authorised Capital ₹ 50.40 Cr
  • Paid Up Capital ₹ 7.39 Cr
  • Company Age 28 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -43.12%
  • Profit Growth 115.01%
  • Ebitda 83.03%
  • Net Worth 2.10%
  • Total Assets -28.94%

About Progress Rail Innovations

Progress Rail Innovations Private Limited (PRIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 December 1996 and has a history of 28 years and three months. Its registered office is in New Delhi, India.

The Corporate was formerly known as Gm Locomotive Group India Pvt Ltd. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 50.40 Cr and a paid-up capital of Rs 7.39 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijay Kumar, Colin Kerelchuk, Kelly Roney, and One other member serve as directors at the Company.

Company Details

  • Location

    New Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U35201DL1996PTC083567

  • Company No.

    083567

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Dec 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Automotive

Who are the key members and board of directors at Progress Rail Innovations?

Board Members (4)

NameDesignationAppointment DateStatus
Vijay Kumar Country flag representing In Director 10-Mar-2022Current
Colin Kerelchuk Country flag representing Us Director 10-Mar-2022Current
Kelly Roney Country flag representing Us Director 10-Mar-2022Current
Shivanshu Kaushik Country flag representing In Director Current

Financial Performance of Progress Rail Innovations.

Progress Rail Innovations Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 43.12% decrease. The company also saw a substantial improvement in profitability, with a 115.01% increase in profit. The company's net worth moved up by a moderate rise of 2.1%.

Progress Rail Innovations revenue growth over time
Progress Rail Innovations profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-43.12%
Revenue from Operations
-46.19%
Total Assets
-28.94%
Profit or Loss
115.01%
Net Worth
2.10%
EBITDA
83.03%

What is the Ownership and Shareholding Structure of Progress Rail Innovations?

In 2023, Progress Rail Innovations had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Progress Rail Innovations?

Progress Rail Innovations has a workforce of 99 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Progress Rail Innovations Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progress Rail Innovations, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progress Rail Innovations's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Progress Rail Innovations

Recent activity within the organization

  • Annual General Meeting

    Progress Rail Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Progress Rail Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Director Appointment

    Vijay Kumar was appointed as a Director was appointed as a Director on 10 Mar 2022 & has been associated with this company since 3 years 16 days .

  • Director Appointment

    Colin Jon Kerelchuk was appointed as a Director was appointed as a Director on 10 Mar 2022 & has been associated with this company since 3 years 16 days .

  • Director Appointment

    Kelly Bouldin Roney was appointed as a Director was appointed as a Director on 10 Mar 2022 & has been associated with this company since 3 years 16 days .

  • Company Incorporation

    Progress Rail Innovations Private Limited was registered on 02 Dec 1996 with Roc Delhi & aged 28 years 3 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Progress Rail Innovations Private Limited?

    Progress Rail Innovations Private Limited was incorporated on 02 Dec 1996.

  • What is authorized share capital and paid-up capital of Progress Rail Innovations Private Limited?

    The authorized share capital of Progress Rail Innovations Private Limited is ₹ 50.40 Cr and paid-up capital is ₹ 7.39 Cr.

  • Who are the current board members & directors of Progress Rail Innovations Private Limited?

    Currently 4 directors are associated with Progress Rail Innovations Private Limited.

    • Vijay Kumar
    • Colin Jon Kerelchuk
    • Kelly Bouldin Roney
    • Shivanshu Narendra Kaushik
  • What is the registered address of Progress Rail Innovations Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Progress Rail Innovations Private Limited is 800 Meridian Commercial Tower 8Th Floor Windsor Place, India, Delhi, 110001.

  • What is the corporate identification number (CIN) and company number of Progress Rail Innovations Private Limited?

    The corporate identification number (CIN) of Progress Rail Innovations Private Limited is U35201DL1996PTC083567 and the company number is 083567 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Progress Rail Innovations Private Limited?

    The Official website of Progress Rail Innovations Private Limited is https://www.progressrail.com

  • What has been the recent revenue trend for Progress Rail Innovations Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Progress Rail Innovations Private Limited has fallen by -43.12%.

  • How many employees does Progress Rail Innovations Private Limited currently have?

    As Per 2023 financial reports, 99 employees are currently employed by Progress Rail Innovations Private Limited.

  • What change has been observed in the net worth of Progress Rail Innovations Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Progress Rail Innovations Private Limited has experienced an upsurge of 2.10%.

  • When was the last Balance Sheet of Progress Rail Innovations Private Limited filed with the ROC?

    The most recent Balance Sheet for Progress Rail Innovations Private Limited was filed with the ROC on 31 Mar 2024.