Progress Software Development Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
as on 31-07-2024
- Paid Up Capital ₹ 0.50 M
as on 31-07-2024
- Company Age 19 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Revenue 34.74%
(FY 2023)
- Profit 36.04%
(FY 2023)
- Ebitda 31.28%
(FY 2023)
- Net Worth 20.13%
(FY 2023)
- Total Assets 35.91%
(FY 2023)
About Progress Software Development
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.
- 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
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Progress Software Development?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Domenic Lococo  | Director | 29-Jun-2022 | Current |
| Anthony Folger | Director | 11-Oct-2022 | Current |
Chandra Cheruku  | Director | 29-Aug-2022 | Current |
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 36.04% increase in profit. The company's net worth Soared by an impressive increase of 20.13%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Progress Software Solutions India Private LimitedActive 26 years 4 monthsDomenic Lococo, Anthony Folger and 1 more are mutual person
Charges (Loans)
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.
Deals i
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
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
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.
