Progression Infonet Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 2.41 Cr
- Company Age 29 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 41.11 Cr
- Satisfied Charges ₹ 27.16 Cr
- Revenue Growth 49.38%
- Profit Growth 121.56%
- Ebitda -4.05%
- Net Worth 32.24%
- Total Assets 65.82%
About Progression Infonet
Progression Infonet Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 September 1995 and has a history of 29 years and four months. Its registered office is in Delhi, India.
The Corporate was formerly known as Progression Service India Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 2.41 Cr.
The company currently has active open charges totaling ₹41.11 Cr. The company has closed loans amounting to ₹27.16 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jai Hooda, Sarthak Hooda, and Param Hooda serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U74899DL1995PTC072638
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Company No.
072638
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Sep 1995
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Date of AGM
04 Nov 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
Who are the key members and board of directors at Progression Infonet?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jai Hooda
|
Whole-Time Director | 22-Sep-1995 | Current |
|
Sarthak Hooda
|
Director | 06-Mar-2024 | Current |
|
Param Hooda
|
Director | 06-Mar-2024 | Current |
Financial Performance of Progression Infonet.
Progression Infonet Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 49.38% increase. The company also saw a substantial improvement in profitability, with a 121.56% increase in profit. The company's net worth Soared by an impressive increase of 32.24%.
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What is the Ownership and Shareholding Structure of Progression Infonet?
In 2021, Progression Infonet 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)
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Synqit India Private LimitedSarthak Hooda is a mutual person
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Bamboo & Beyond Private LimitedSarthak Hooda is a mutual person
Charges (Loans)
₹41.11 Cr
₹27.16 Cr
Charges Breakdown by Lending Institutions
- Others : 37.76 Cr
- Tata Capital Financial Services Limited : 3.00 Cr
- Hdfc Bank Limited : 0.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Nov 2024 | Others | ₹1.70 M | Open |
| 30 Oct 2024 | Others | ₹2.50 Cr | Open |
| 29 Mar 2024 | Others | ₹4.21 M | Open |
| 29 Mar 2024 | Others | ₹7.19 M | Open |
| 10 Mar 2023 | Hdfc Bank Limited | ₹3.50 M | Open |
How Many Employees Work at Progression Infonet?
Progression Infonet has a workforce of 231 employees as of Mar 28, 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 Progression Infonet, 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 Progression Infonet'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.
