Progressive Motors Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 3.50 M
- Company Age 25 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.99 Cr
- Satisfied Charges ₹ 6.25 Cr
- Revenue Growth 44.73%
- Profit Growth 124.59%
- Ebitda -36.14%
- Net Worth 14.43%
- Total Assets -5.95%
About Progressive Motors
Progressive Motors Private Limited (PMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 August 1999 and has a history of 25 years and six months. Its registered office is in Rajkot, Gujarat, India.
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 5.00 M and a paid-up capital of Rs 3.50 M.
The company currently has active open charges totaling ₹8.99 Cr. The company has closed loans amounting to ₹6.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Narayandas Kothari, Hetalben Kothari, and Kalpesh Kothari serve as directors at the Company.
Company Details
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Location
Rajkot, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U35914GJ1999PTC036405
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Company No.
036405
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
10 Aug 1999
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Progressive Motors?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narayandas Kothari
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Director | 10-Aug-1999 | Current |
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Hetalben Kothari
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Director | 10-Aug-1999 | Current |
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Kalpesh Kothari
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Director | 10-Aug-1999 | Current |
Financial Performance of Progressive Motors.
Progressive Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 44.73% increase. The company also saw a substantial improvement in profitability, with a 124.59% increase in profit. The company's net worth Soared by an impressive increase of 14.43%.
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What is the Ownership and Shareholding Structure of Progressive Motors?
In 2023, Progressive Motors 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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Bellevista Residency Private LimitedHetalben Kothari is a mutual person
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Octave Geometries Llp
Kalpesh Kothari is a mutual person
Charges (Loans)
₹89.92 M
₹62.50 M
Charges Breakdown by Lending Institutions
- State Bank Of India : 4.69 Cr
- Others : 4.00 Cr
- Citizens Co-Operative Bank Limited : 0.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2017 | State Bank Of India | ₹4.69 Cr | Open |
| 08 Oct 2012 | Citizens Co-Operative Bank Limited | ₹3.00 M | Open |
| 07 Feb 2009 | Others | ₹4.00 Cr | Open |
| 21 Jun 2007 | The Hongkong And Shanghai Banking Corporation Ltd | ₹3.50 Cr | Satisfied |
| 29 Mar 2006 | Standard Chartered Bank | ₹2.75 Cr | Satisfied |
How Many Employees Work at Progressive Motors?
Unlock and access historical data on people associated with Progressive Motors, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Progressive Motors, 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 Motors'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.