Progress Software Development Private Limited

Provides software development services for various types of software and programs, including web-based applications and client/server applications.

2005 | Hyderabad, Telangana (India) | Active
Last Updated:

Progress Software Development Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 20 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 34.74%
  • Profit Growth 36.06%
  • Ebitda 29.26%
  • Net Worth 20.13%
  • Total Assets 35.91%

About Progress Software Development

Progress Software Development Private Limited (PSDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 February 2005 and has a history of 20 years and two months. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.

Domenic Lococo, Anthony Folger, and Chandra Cheruku serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74200TG2005PTC045304

  • Company No.

    045304

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Feb 2005

  • Date of AGM

    22 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology
Company report

Progress Software Development Private Limited

Explore comprehensive data for Progress Software Development Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Progress Software Development?

Board Members (3)

NameDesignationAppointment DateStatus
Domenic Lococo Country flag representing Us Director 29-Jun-2022Current
Anthony Folger Country flag representing Us Director 11-Oct-2022Current
Chandra Cheruku Country flag representing In Director 29-Aug-2022Current

Financial Performance of Progress Software Development.

Progress Software Development Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.74% increase. The company also saw a substantial improvement in profitability, with a 36.06% increase in profit. The company's net worth Soared by an impressive increase of 20.13%.

Progress Software Development revenue growth over time
Progress Software Development 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
34.74%
Revenue from Operations
34.74%
Total Assets
35.91%
Profit or Loss
36.06%
Net Worth
20.13%
EBITDA
29.26%

What is the Ownership and Shareholding Structure of Progress Software Development?

In 2023, Progress Software Development had a promoter 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 Software Development?

Progress Software Development has a workforce of 424 employees as of Mar 27, 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 Software Development Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progress Software Development, 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 Software Development'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 Software Development

Recent activity within the organization

  • Annual General Meeting

    Progress Software Development Private Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Progress Software Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Director Appointment

    Anthony Alfred Folger was appointed as a Director was appointed as a Director on 11 Oct 2022 & has been associated with this company since 2 years 6 months .

  • Director Appointment

    Chandra Sekhar Cheruku was appointed as a Director was appointed as a Director on 29 Aug 2022 & has been associated with this company since 2 years 7 months .

  • Director Appointment

    Domenic Lococo was appointed as a Director was appointed as a Director on 29 Jun 2022 & has been associated with this company since 2 years 9 months .

  • Company Incorporation

    Progress Software Development Private Limited was registered on 09 Feb 2005 with Roc Hyderabad & aged 20 years 2 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Progress Software Development Private Limited?

    Progress Software Development Private Limited was incorporated on 09 Feb 2005.

  • What is authorized share capital and paid-up capital of Progress Software Development Private Limited?

    The authorized share capital of Progress Software Development Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.50 M.

  • Who are the current board members & directors of Progress Software Development Private Limited?

    Currently 3 directors are associated with Progress Software Development Private Limited.

    • Domenic Lococo
    • Anthony Alfred Folger
    • Chandra Sekhar Cheruku

  • What is the registered address of Progress Software Development Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Progress Software Development Private Limited is Unit 1101 A Wing Galaxy Sy.No.83/1 Hyd Knowledge City Tsiic Raidurg Village, Serilingampa Lly Mandal India, Hyderabad, Telangana, 500081.

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

    The corporate identification number (CIN) of Progress Software Development Private Limited is U74200TG2005PTC045304 and the company number is 045304 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Progress Software Development Private Limited?

    The Official website of Progress Software Development Private Limited is https://www.progress.com

  • What has been the recent revenue trend for Progress Software Development Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Progress Software Development Private Limited has risen by 34.74%.

  • How many employees does Progress Software Development Private Limited currently have?

    As Per 2023 financial reports, 424 employees are currently employed by Progress Software Development Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Progress Software Development Private Limited has experienced an upsurge of 20.13%.

  • When was the last Balance Sheet of Progress Software Development Private Limited filed with the ROC?

    The most recent Balance Sheet for Progress Software Development Private Limited was filed with the ROC on 31 Mar 2023.

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