Progressive Cars Profile
Key Indicators
- Authorised Capital ₹ 1.10 Cr
- Paid Up Capital ₹ 1.04 Cr
- Company Age 25 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 155.02 Cr
- Satisfied Charges ₹ 7.25 Cr
About Progressive Cars
Progressive Cars Private Limited (PCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 November 1999 and has a history of 25 years and three months. Its registered office is in Ahmedabad, Gujarat, 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 1.10 Cr and a paid-up capital of Rs 1.04 Cr.
The company currently has active open charges totaling ₹155.02 Cr. The company has closed loans amounting to ₹7.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Hiralal Gupta and Avinash Gupta serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U35999GJ1999PTC036849
- Company No.
036849
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Nov 1999
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Automotive
Who are the key members and board of directors at Progressive Cars?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hiralal Gupta  | Director | 04-Nov-1999 | Current |
| Avinash Gupta | Director | 04-Nov-1999 | Current |
Financial Performance of Progressive Cars.
Progressive Cars Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Cars?
In 2023, Progressive Cars 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)
- Niraj Cargo Movers Private Limited
Hiralal Gupta is a mutual person
Charges (Loans)
Open Charges
₹155.02 Cr
Satisfied Charges
₹7.25 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 77.56 Cr
- State Bank Of India : 67.90 Cr
- Others : 8.21 Cr
- Tata Capital Financial Services Limited : 1.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2024 | Others | ₹6.01 M | Open |
| 24 Jun 2024 | Others | ₹6.25 Cr | Open |
| 03 May 2024 | Others | ₹7.68 M | Open |
| 26 Oct 2023 | Tata Capital Financial Services Limited | ₹1.35 Cr | Open |
| 22 Mar 2023 | Hdfc Bank Limited | ₹7.91 M | Open |
How Many Employees Work at Progressive Cars?
Progressive Cars has a workforce of 163 employees as of Apr 08, 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 Cars, 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 Cars'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.
