Progressive Hotels Profile
Key Indicators
- Authorised Capital ₹ 4.75 Cr
as on 17-11-2024
- Paid Up Capital ₹ 2.67 Cr
as on 17-11-2024
- Company Age 50 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 41.01 Cr
as on 17-11-2024
- Satisfied Charges ₹ 13.88 Cr
as on 17-11-2024
- Revenue 43.24%
(FY 2023)
- Profit -94.90%
(FY 2023)
- Ebitda -4.83%
(FY 2023)
- Net Worth 1.06%
(FY 2023)
- Total Assets -7.66%
(FY 2023)
About Progressive Hotels
The Company is engaged in the Travel And Hospitality 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 4.75 Cr and a paid-up capital of Rs 2.67 Cr.
The company currently has active open charges totaling ₹41.01 Cr. The company has closed loans amounting to ₹13.88 Cr, as per Ministry of Corporate Affairs (MCA) records.
Swapna Madugula and Karteesh Madugula serve as directors at the Company.
- CIN/LLPIN
U55101TG1974PTC001728
- Company No.
001728
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Jun 1974
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Progressive Hotels?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Karteesh Madugula  | Managing Director | 02-Jul-2009 | Current |
Board Members(1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Swapna Madugula | Director | 29-Sep-2001 | Current |
Financial Performance and Corporate Structure Insights of Progressive Hotels.
Progressive Hotels Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 43.24% increase. The company also saw a substantial fall in profitability, with a 94.9% decrease in profit. The company's net worth moved up by a moderate rise of 1.06%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Hotels?
In 2023, Progressive Hotels 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)
Rajdhani Polypack Pvt. Ltd.Active 38 years 6 monthsSwapna Madugula and Karteesh Madugula are mutual person
- Ganga Hotels LimitedActive 36 years 3 months
Swapna Madugula and Karteesh Madugula are mutual person
- Swasudha Infrastructure Private LimitedActive 11 years 2 months
Swapna Madugula and Karteesh Madugula are mutual person
- Swapna Hospitals Private LimitedActive 27 years 2 months
Swapna Madugula and Karteesh Madugula are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 31 Aug 2024 | ₹35.00 Cr | Open |
Others Creation Date: 31 Aug 2024 | ₹5.00 Cr | Open |
Hdfc Bank Limited Creation Date: 24 Feb 2021 | ₹9.49 M | Open |
How Many Employees Work at Progressive Hotels?
Progressive Hotels has a workforce of 116 employees as of Apr 07, 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 Hotels, 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 Hotels'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.
