Progressive Automobiles Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.40 Cr
- Company Age 9 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 41.79 Cr
- Satisfied Charges ₹ 43.04 Cr
- Revenue Growth 7.88%
- Profit Growth -14.21%
- Ebitda 48.74%
- Net Worth 14.54%
- Total Assets -0.26%
About Progressive Automobiles
Progressive Automobiles Private Limited (PAPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 August 2015 (Nine years and seven months 1 days old ). Its registered office is in Tripura, Tripura, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.40 Cr.
The company currently has active open charges totaling ₹41.79 Cr. The company has closed loans amounting to ₹43.04 Cr, as per Ministry of Corporate Affairs (MCA) records.
Biplab Saha, Dilip Saha, and Suparna Saha serve as directors at the Company.
Company Details
- Location
Tripura, Tripura, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U66000TR2015PTC008449
- Company No.
008449
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Aug 2015
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Shillong
Industry
Automotive
What products or services does Progressive Automobiles Private Limited offer?
Progressive Automobiles Private Limited offers a wide range of products and services, including Cars, TATA Car, Motor Cars.
Who are the key members and board of directors at Progressive Automobiles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Biplab Saha  | Managing Director | 03-Aug-2015 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dilip Saha | Director | 03-Aug-2015 | Current |
| Suparna Saha | Director | 03-Aug-2015 | Current |
Financial Performance of Progressive Automobiles.
Progressive Automobiles Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 7.88% increase. The company also saw a substantial fall in profitability, with a 14.21% decrease in profit. The company's net worth Soared by an impressive increase of 14.54%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Automobiles?
In 2023, Progressive Automobiles had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹41.79 Cr
Satisfied Charges
₹43.04 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 28.00 Cr
- Others : 13.79 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jul 2024 | Others | ₹5.09 Cr | Open |
| 16 Jun 2024 | Others | ₹2.70 Cr | Open |
| 25 Sep 2020 | State Bank Of India | ₹28.00 Cr | Open |
| 10 Jan 2020 | Others | ₹6.00 Cr | Open |
| 01 Jun 2020 | State Bank Of India | ₹11.64 Cr | Satisfied |
How Many Employees Work at Progressive Automobiles?
Progressive Automobiles has a workforce of 219 employees as of Mar 22, 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 Progressive Automobiles, 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 Progressive Automobiles'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.
Latest Updates, News, and FAQs on Progressive Automobiles
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 5.09 Cr with Charge ID 100948778 was registered on 08 Jul 2024.
- Charges
A charge with Others amounted to Rs. 2.70 Cr with Charge ID 100939276 was registered on 16 Jun 2024.
- Charges
A charge with State Bank Of India of Rs. 28.00 Cr registered on 25 Sep 2020 with Charge ID 100379975 was modified on 26 Dec 2023.
- Annual General Meeting
Progressive Automobiles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Progressive Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Shillong.
- Charges
A charge registered on 27 Dec 2017 via Charge ID 100150393 with Tata Capital Financial Services Limited was fully satisfied on 12 Sep 2022.
Frequently asked questions
What is the Incorporation or founding date of Progressive Automobiles Private Limited?
Progressive Automobiles Private Limited was incorporated on 03 Aug 2015.
What is authorized share capital and paid-up capital of Progressive Automobiles Private Limited?
The authorized share capital of Progressive Automobiles Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.40 Cr.
Who are the current board members & directors of Progressive Automobiles Private Limited?
Currently 3 directors are associated with Progressive Automobiles Private Limited.
- Biplab Kumar Saha
- Dilip Kumar Saha
- Suparna Saha
What is the registered address of Progressive Automobiles Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Automobiles Private Limited is Nagichara By Pass Road Nh-44, India, Agartala, Tripura, 799004.
What is the corporate identification number (CIN) and company number of Progressive Automobiles Private Limited?
The corporate identification number (CIN) of Progressive Automobiles Private Limited is U66000TR2015PTC008449 and the company number is 008449 as per Ministry of Corporate Affairs (MCA).
What is the official website of Progressive Automobiles Private Limited?
The Official website of Progressive Automobiles Private Limited is https://www.progressive.in.net
What has been the recent revenue trend for Progressive Automobiles Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Automobiles Private Limited has risen by 7.88%.
How many employees does Progressive Automobiles Private Limited currently have?
As Per 2023 financial reports, 219 employees are currently employed by Progressive Automobiles Private Limited.
What change has been observed in the net worth of Progressive Automobiles Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Automobiles Private Limited has experienced an upsurge of 14.54%.
What are the total open charges for Progressive Automobiles Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Progressive Automobiles Private Limited amount to ₹ 41.79 Cr.
When was the last Balance Sheet of Progressive Automobiles Private Limited filed with the ROC?
The most recent Balance Sheet for Progressive Automobiles Private Limited was filed with the ROC on 31 Mar 2023.