Progressive Constructions Limited

Construction and development of various infrastructure projects for multiple sectors.

1981 | Krishna, Andhra Pradesh (India) | Active
Last Updated:

Progressive Constructions Profile

Key Indicators

  • Authorised Capital ₹ 50.00 Cr
  • Paid Up Capital ₹ 30.50 Cr
  • Company Age 43 Year, 2 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 5,012.33 Cr
  • Satisfied Charges ₹ 320.84 Cr
  • Revenue Growth 66.58%
  • Profit Growth -166.79%
  • Ebitda -358.14%
  • Net Worth -38.06%
  • Total Assets -10.42%

About Progressive Constructions

Progressive Constructions Limited (PCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 December 1981 and has a history of 43 years and two months. Its registered office is in Krishna, Andhra Pradesh, India.

The Company is engaged in the Infrastructure And Utilities Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 30.50 Cr.

The company currently has active open charges totaling ₹5,012.33 Cr. The company has closed loans amounting to ₹320.84 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Progressive Constructions Limited India are Adit Arora as COMPANY SECRETARY and Vasireddy Badarinadh as Cfo. Vasireddy Badarinadh, Lakshmi Katneni, Anne Banu, and Four other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U45200AP1981PLC038986

  • Company No.

    038986

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Dec 1981

  • Date of AGM

    30 Dec 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Infrastructure and Utilities

Who are the key members and board of directors at Progressive Constructions?

Executive Team (3)

NameDesignationAppointment DateStatus
Adit Arora Country flag representing In Company Secretary02-Mar-2020Current
Vasireddy Badarinadh CFO30-Nov-2019Current
Praveen Pathuri Country flag representing In Managing Director28-Aug-2017Current

Board Members (5)

NameDesignationAppointment DateStatus
Lakshmi Katneni Country flag representing In Director 30-Aug-2014Current
Anne Banu Country flag representing In Director 07-May-2018Current
Hemalatha Kavuri Country flag representing In Whole-Time Director 06-Feb-1992Current
Arigapudi Kumar Country flag representing In Director 30-Aug-2014Current
Kalikiran Anne Country flag representing In Director 12-Jul-2017Current

Financial Performance of Progressive Constructions.

Progressive Constructions Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 66.58% increase. The company also saw a substantial fall in profitability, with a 166.79% decrease in profit. The company's net worth observed a substantial decline by a decrease of 38.06%.

Progressive Constructions revenue growth over time
Progressive Constructions profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
66.58%
Revenue from Operations
21.54%
Total Assets
-10.42%
Profit or Loss
-166.79%
Net Worth
-38.06%
EBITDA
-358.14%

What is the Ownership and Shareholding Structure of Progressive Constructions?

In 2020, Progressive Constructions had a promoter holding of 99.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5,012.33 Cr

Satisfied Charges

₹320.84 Cr

Charges Breakdown by Lending Institutions

  • Others : 3890.13 Cr
  • Andhra Bank : 547.84 Cr
  • Bank Of India : 171.07 Cr
  • Corporation Bank : 138.00 Cr
  • Allahabad Bank : 100.00 Cr
  • Others : 165.29 Cr

Latest Charge Details

DateLenderAmountStatus
02 Jul 2024Hdfc Bank Limited₹1.30 CrOpen
17 Jun 2013Others₹1,302.59 CrOpen
22 Jun 2011Indusind Bank Limited₹5.50 CrOpen
27 Apr 2011Andhra Bank₹310.00 CrOpen
04 Mar 2010Others₹1,529.86 CrOpen

How Many Employees Work at Progressive Constructions?

Unlock and access historical data on people associated with Progressive Constructions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Progressive Constructions Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Constructions, 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 Constructions's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Constructions

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100970722 was registered on 02 Jul 2024.

  • Annual General Meeting

    Progressive Constructions Limited last Annual general meeting of members was held on 30 Dec 2022 as per latest MCA records.

  • Charges

    A charge registered on 11 Nov 2008 via Charge ID 10140330 with Others was fully satisfied on 29 Dec 2022.

  • Charges

    A charge registered on 08 Dec 2006 via Charge ID 10028045 with Export - Import Bank Of India was fully satisfied on 10 Jun 2022.

  • Charges

    A charge registered on 24 Apr 2003 via Charge ID 90133104 with Export-Import Bank Of India was fully satisfied on 10 Jun 2022.

  • Charges

    A charge registered on 25 Sep 2002 via Charge ID 90133044 with Export- Import Bank Of India was fully satisfied on 10 Jun 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Progressive Constructions Limited?

    Progressive Constructions Limited was incorporated on 23 Dec 1981.

  • What is authorized share capital and paid-up capital of Progressive Constructions Limited?

    The authorized share capital of Progressive Constructions Limited is ₹ 50.00 Cr and paid-up capital is ₹ 30.50 Cr.

  • Who are the current board members & directors of Progressive Constructions Limited?

    Currently 9 directors are associated with Progressive Constructions Limited.

    • Adit Arora
    • Vasireddy Badarinadh
    • Vasireddy Badarinadh
    • Lakshmi Krishna Prasad Katneni
    • Anne Sirisha Banu
    • Praveen Pathuri
    • Hemalatha Kavuri
    • Arigapudi Vijay Kumar
    • Kalikiran Anne

  • What is the registered address of Progressive Constructions Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Constructions Limited is 2 G-Floor Sravanti Apartments By The Side Of Fci Office Mogal Raja Puram, India, Vijayawada, Andhra Pradesh, 520010.

  • What is the corporate identification number (CIN) and company number of Progressive Constructions Limited?

    The corporate identification number (CIN) of Progressive Constructions Limited is U45200AP1981PLC038986 and the company number is 038986 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Progressive Constructions Limited?

    The Official website of Progressive Constructions Limited is https://www.progressiveconstructions.com

  • What has been the recent revenue trend for Progressive Constructions Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Progressive Constructions Limited has risen by 66.58%.

  • What change has been observed in the net worth of Progressive Constructions Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Progressive Constructions Limited has experienced an downturn of -38.06%.

  • What are the total open charges for Progressive Constructions Limited?

    As per the financial statements for fiscal Year 2020, The total open charges for Progressive Constructions Limited amount to ₹ 5,012.33 Cr.

  • When was the last Balance Sheet of Progressive Constructions Limited filed with the ROC?

    The most recent Balance Sheet for Progressive Constructions Limited was filed with the ROC on 31 Mar 2022.

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