Progressive Automobiles Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.40 Cr
- Company Age 9 Year, 6 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 six 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
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Location
Tripura, Tripura, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U66000TR2015PTC008449
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Company No.
008449
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
03 Aug 2015
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Shillong
Industry
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 |
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Suparna Saha
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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%.
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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)
₹41.79 Cr
₹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.