Progressive Gear Industries Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
as on 16-11-2024
- Paid Up Capital ₹ 0.92 M
as on 16-11-2024
- Company Age 39 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 0.60 M
as on 16-11-2024
- Satisfied Charges ₹ 2.25 Cr
as on 16-11-2024
- Revenue -28.39%
(FY 2023)
- Profit 3.28%
(FY 2023)
- Ebitda -5.06%
(FY 2023)
- Net Worth 15.04%
(FY 2023)
- Total Assets 0.39%
(FY 2023)
About Progressive Gear Industries
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 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 0.92 M.
The company currently has active open charges totaling ₹0.60 M. The company has closed loans amounting to ₹2.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Indra Chawla, Geetu Chawla, Tilak Raj, and One other member serve as directors at the Company.
- CIN/LLPIN
U74899DL1985PTC022170
- Company No.
022170
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Oct 1985
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Delhi, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Progressive Gear Industries Private Limited offer?
Progressive Gear Industries Private Limited offers a wide range of products and services, including Steering Parts & Components, Steering Parts, Forgings, Forging Parts & Supplies, Forgings, Tractor, Tractor Parts & Assemblies, Tractor Spare Parts, CNC Machines & Lathe Machine, CNC Machined Components, Manufacturing & Assembling Services, CNC Machining Services.
Who are the key members and board of directors at Progressive Gear Industries?
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tilak Raj  | Additional Director | 24-Dec-2012 | Current |
| Indra Chawla | Director | 01-May-2020 | Current |
| Geetu Chawla | Director | 31-Mar-2015 | Current |
| Manish Chawla | Director | 06-Apr-1990 | Current |
Financial Performance of Progressive Gear Industries.
Progressive Gear Industries Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.39% decrease. The company also saw a slight improvement in profitability, with a 3.28% increase in profit. The company's net worth Soared by an impressive increase of 15.04%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Gear Industries?
In 2023, Progressive Gear Industries had a promoter holding of 97.28% and a public holding of 2.72%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Progressive Auto Industries Private LimitedActive 14 years 9 monthsIndra Chawla, Tilak Raj and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of Bikaner & Jaipur Creation Date: 12 Dec 2014 | ₹0.60 M | Open |
Karnataka Bank Ltd. Creation Date: 13 Aug 2015 | ₹1.50 Cr | Satisfied |
State Bank Of Bikaner And Jaipur Creation Date: 17 Apr 2001 | ₹7.50 M | Satisfied |
How Many Employees Work at Progressive Gear Industries?
Progressive Gear Industries has a workforce of 13 employees as of Apr 04, 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 Gear Industries, 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 Gear Industries'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.
