Progressive Infotech Profile
Key Indicators
- Authorised Capital ₹ 7.11 Cr
- Paid Up Capital ₹ 1.46 Cr
- Company Age 27 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.50 Cr
- Satisfied Charges ₹ 32.23 Cr
- Revenue Growth -67.88%
- Profit Growth -71.43%
- Ebitda -56.23%
- Net Worth 1.41%
- Total Assets 0.98%
About Progressive Infotech
Progressive Infotech Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 January 1998 and has a history of 27 years and one month. Its registered office is in Delhi, India.
The Company is engaged in the Information Technology 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 7.11 Cr and a paid-up capital of Rs 1.46 Cr.
The company currently has active open charges totaling ₹9.50 Cr. The company has closed loans amounting to ₹32.23 Cr, as per Ministry of Corporate Affairs (MCA) records.
Prateek Garg, Venu Garg, and Aditya Garg serve as directors at the Company.
Company Details
-
Location
Delhi, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
Social Media
Corporate Identity Details
-
CIN/LLPIN
U51909DL1998PTC091465
-
Company No.
091465
-
Company Classification
Private Limited Indian Non-Government Company
-
Incorporation Date
01 Jan 1998
-
Date of AGM
30 Sep 2023
-
Date of Balance Sheet
31 Mar 2023
-
Listing Status
Unlisted
-
ROC Code
Roc Delhi
Industry
What products or services does Progressive Infotech Private Limited offer?
Progressive Infotech Private Limited offers a wide range of products and services, including Business Planning and Management, Business Consultant, IT, Networking & Automation Solution, IT Solutions, Architectural & Civil Engineering, Architectural Services, Computer and Networking Solutions, Networking Solutions, Business Process Automation Service, Software Consulting Service.
Who are the key members and board of directors at Progressive Infotech?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prateek Garg
|
Managing Director | 01-Jan-1998 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Venu Garg
|
Whole-Time Director | 01-Apr-2005 | Current |
|
Aditya Garg
|
Director | 29-May-2020 | Current |
Financial Performance of Progressive Infotech.
Progressive Infotech Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 67.88% decrease. The company also saw a substantial fall in profitability, with a 71.43% decrease in profit. The company's net worth moved up by a moderate rise of 1.41%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Progressive Infotech?
In 2023, Progressive Infotech had a promoter holding of 99.31% and a public holding of 0.69%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Progressive Techserve Private LimitedPrateek Garg and Venu Garg are mutual person
-
Nspire Automation Private Limited
Prateek Garg and Aditya Garg are mutual person
Charges (Loans)
₹9.50 Cr
₹32.23 Cr
Charges Breakdown by Lending Institutions
- Others : 8.42 Cr
- Hdfc Bank Limited : 1.08 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2024 | Hdfc Bank Limited | ₹1.80 M | Open |
| 21 Nov 2023 | Hdfc Bank Limited | ₹2.00 M | Open |
| 14 Jul 2021 | Hdfc Bank Limited | ₹7.00 M | Open |
| 28 Aug 2020 | Others | ₹1.31 M | Open |
| 01 Aug 2019 | Others | ₹5.79 Cr | Open |
How Many Employees Work at Progressive Infotech?
Progressive Infotech has a workforce of 690 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 Infotech, 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 Infotech'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.
