Progressive Hotels Profile
Key Indicators
- Authorised Capital ₹ 4.75 Cr
- Paid Up Capital ₹ 2.67 Cr
- Company Age 50 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 41.01 Cr
- Satisfied Charges ₹ 13.88 Cr
- Revenue Growth 43.24%
- Profit Growth -94.90%
- Ebitda -4.83%
- Net Worth 1.06%
- Total Assets -7.66%
About Progressive Hotels
Progressive Hotels Pvt Ltd (PHPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 June 1974 and has a history of 50 years and eight months. Its registered office is in Hyderabad, Telangana, India.
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.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Travel and Hospitality
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 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)
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- Ganga Hotels Limited
Swapna Madugula and Karteesh Madugula are mutual person
- Swasudha Infrastructure Private Limited
Swapna Madugula and Karteesh Madugula are mutual person
- Swapna Hospitals Private Limited
Swapna Madugula and Karteesh Madugula are mutual person
- Ghr Infra Developers Llp
Karteesh Madugula is a mutual person
- Ghr Lakshmi Urbanblocks Infra Llp
Karteesh Madugula is a mutual person
Charges (Loans)
Open Charges
₹41.01 Cr
Satisfied Charges
₹13.88 Cr
Charges Breakdown by Lending Institutions
- Others : 40.00 Cr
- Hdfc Bank Limited : 0.95 Cr
- Bank Of India : 0.06 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2024 | Others | ₹35.00 Cr | Open |
| 31 Aug 2024 | Others | ₹5.00 Cr | Open |
| 24 Feb 2021 | Hdfc Bank Limited | ₹9.49 M | Open |
| 26 Jun 1996 | Bank Of India | ₹0.57 M | Open |
| 18 Feb 2015 | State Bank Of India | ₹4.79 Cr | Satisfied |
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.
Latest Updates, News, and FAQs on Progressive Hotels
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100997094 was registered on 31 Aug 2024.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100997389 was registered on 31 Aug 2024.
- Charges
A charge registered on 15 Jul 2013 via Charge ID 10436381 with Hdfc Bank Limited was fully satisfied on 21 Aug 2024.
- Charges
A charge registered on 18 Feb 2015 via Charge ID 10559129 with State Bank Of India was fully satisfied on 03 Aug 2024.
- Charges
A charge registered on 21 Jul 2014 via Charge ID 10512608 with Axis Bank Limited was fully satisfied on 25 Apr 2024.
- Annual General Meeting
Progressive Hotels Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Frequently asked questions
What is the Incorporation or founding date of Progressive Hotels Pvt Ltd?
Progressive Hotels Pvt Ltd was incorporated on 11 Jun 1974.
What is authorized share capital and paid-up capital of Progressive Hotels Pvt Ltd?
The authorized share capital of Progressive Hotels Pvt Ltd is ₹ 4.75 Cr and paid-up capital is ₹ 2.67 Cr.
Who are the current board members & directors of Progressive Hotels Pvt Ltd?
Currently 2 directors are associated with Progressive Hotels Pvt Ltd.
- Swapna Kumari Madugula
- Karteesh Reddy Madugula
What is the registered address of Progressive Hotels Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Hotels Pvt Ltd is 61-70 Lakdikapool, Hyderabad Hyderabad India, Andhra Pradesh, Telangana, 500004.
What is the corporate identification number (CIN) and company number of Progressive Hotels Pvt Ltd?
The corporate identification number (CIN) of Progressive Hotels Pvt Ltd is U55101TG1974PTC001728 and the company number is 001728 as per Ministry of Corporate Affairs (MCA).
What is the official website of Progressive Hotels Pvt Ltd?
The Official website of Progressive Hotels Pvt Ltd is https://www.bestwesternashoka.com
What has been the recent revenue trend for Progressive Hotels Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Hotels Pvt Ltd has risen by 43.24%.
How many employees does Progressive Hotels Pvt Ltd currently have?
As Per 2023 financial reports, 116 employees are currently employed by Progressive Hotels Pvt Ltd.
What change has been observed in the net worth of Progressive Hotels Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Hotels Pvt Ltd has experienced an upsurge of 1.06%.
What are the total open charges for Progressive Hotels Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Progressive Hotels Pvt Ltd amount to ₹ 41.01 Cr.
When was the last Balance Sheet of Progressive Hotels Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Progressive Hotels Pvt Ltd was filed with the ROC on 31 Mar 2023.
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