Progressive Motors Private Limited
Auto dealership and service for Tata Hitachi vehicles in Gujarat.
1999 | Rajkot, Gujarat (India) | Active
Progressive Motors Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 3.50 M
- Company Age 25 Year, 7 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 seven 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
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U35914GJ1999PTC036405
- Company No.
036405
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Aug 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Automotive
Progressive Motors Private Limited
Explore comprehensive data for Progressive Motors Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Progressive Motors?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narayandas Kothari  | Director | 10-Aug-1999 | Current |
| Hetalben Kothari | Director | 10-Aug-1999 | Current |
| Kalpesh Kothari | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
- Bellevista Residency Private Limited
Hetalben Kothari is a mutual person
- Octave Geometries Llp
Kalpesh Kothari is a mutual person
Charges (Loans)
Open Charges
₹89.92 M
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Progressive Motors
Recent activity within the organization
- Annual General Meeting
Progressive Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Progressive Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with State Bank Of India of Rs. 46.92 M registered on 29 Nov 2017 with Charge ID 100140993 was modified on 23 Jun 2020.
- Charges
A charge registered on 21 Jun 2007 via Charge ID 10058650 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 08 Mar 2019.
- Charges
A charge registered on 29 Mar 2006 via Charge ID 10002909 with Standard Chartered Bank was fully satisfied on 11 Dec 2017.
- Charges
A charge with State Bank Of India amounted to Rs. 46.92 M with Charge ID 100140993 was registered on 29 Nov 2017.
Frequently asked questions
What is the Incorporation or founding date of Progressive Motors Private Limited?
Progressive Motors Private Limited was incorporated on 10 Aug 1999.
What is authorized share capital and paid-up capital of Progressive Motors Private Limited?
The authorized share capital of Progressive Motors Private Limited is ₹ 5.00 M and paid-up capital is ₹ 3.50 M.
Who are the current board members & directors of Progressive Motors Private Limited?
Currently 3 directors are associated with Progressive Motors Private Limited.
- Narayandas Gangajibhai Kothari
- Hetalben Kalpeshbhai Kothari
- Kalpesh Naranbhai Kothari
What is the registered address of Progressive Motors Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Motors Private Limited is Jimmy Park Gf Shop No 12 To 15 Jakatnaka Street Gondal Road, India, Rajkot, Gujarat, 360004.
What is the corporate identification number (CIN) and company number of Progressive Motors Private Limited?
The corporate identification number (CIN) of Progressive Motors Private Limited is U35914GJ1999PTC036405 and the company number is 036405 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Progressive Motors Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Motors Private Limited has risen by 44.73%.
What change has been observed in the net worth of Progressive Motors Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Motors Private Limited has experienced an upsurge of 14.43%.
What are the total open charges for Progressive Motors Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Progressive Motors Private Limited amount to ₹ 8.99 Cr.
When was the last Balance Sheet of Progressive Motors Private Limited filed with the ROC?
The most recent Balance Sheet for Progressive Motors Private Limited was filed with the ROC on 31 Mar 2024.
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