Progressive Share Brokers Private Limited

Financial services company offering equity and commodity broking, loans against shares, mutual funds, and proprietary trading.

1994 | Mumbai, Maharashtra (India) | Active
Last Updated: February 08, 2025

Progressive Share Brokers Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 30 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 145.00 Cr
  • Satisfied Charges ₹ 28.50 Cr
  • Revenue Growth -9.66%
  • Profit Growth -17.62%
  • Ebitda -102.32%
  • Net Worth 9.05%
  • Total Assets 14.16%

About Progressive Share Brokers

Progressive Share Brokers Private Limited (PSBPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 September 1994 and has a history of 30 years and five months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Progressive Securities Private Limited. The Company is engaged in the Financial Services 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹145.00 Cr. The company has closed loans amounting to ₹28.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anil Gaggar, Aditya Gaggar, and Anirudh Gaggar serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    progressiveshares.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U67120MH1994PTC176096

  • Company No.

    176096

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    20 Sep 1994

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Progressive Share Brokers?

Board Members (3)

NameDesignationAppointment DateStatus
Anirudh Gaggar Country flag representing In Director 18-Aug-2021Current
Anil Gaggar Country flag representing In Whole-Time Director 18-Apr-1996Current
Aditya Gaggar Country flag representing In Whole-Time Director 12-Nov-2014Current

Financial Performance of Progressive Share Brokers.

Progressive Share Brokers Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.66% decrease. The company also saw a substantial fall in profitability, with a 17.62% decrease in profit. The company's net worth moved up by a moderate rise of 9.05%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-9.66%
Revenue from Operations
-21.81%
Total Assets
14.16%
Profit or Loss
-17.62%
Net Worth
9.05%
EBITDA
-102.32%

What is the Ownership and Shareholding Structure of Progressive Share Brokers?

In 2023, Progressive Share Brokers had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹145.00 Cr

Satisfied Charges

₹28.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 145.00 Cr

Latest Charge Details

DateLenderAmountStatus
13 Mar 2024Others₹90.00 CrOpen
26 Oct 2021Others₹5.00 CrOpen
18 Oct 2021Others₹50.00 CrOpen
04 Oct 2018Others₹10.00 CrSatisfied
03 Oct 2018Others₹18.00 CrSatisfied

How Many Employees Work at Progressive Share Brokers?

Progressive Share Brokers has a workforce of 77 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Share Brokers, 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 Share Brokers's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Share Brokers

Recent activity within the organization

  • Annual General Meeting

    Progressive Share Brokers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Progressive Share Brokers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 90.00 Cr with Charge ID 100883825 was registered on 13 Mar 2024.

    13 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100501188 was registered on 26 Oct 2021.

    26 Oct 2021

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100488830 was registered on 18 Oct 2021.

    18 Oct 2021

  • Director Appointment

    Anirudh Anil Gaggar was appointed as a Director was appointed as a Director on 18 Aug 2021 & has been associated with this company since 3 years 6 months .

    18 Aug 2021

Frequently asked questions

  • Progressive Share Brokers Private Limited was incorporated on 20 Sep 1994.

  • The authorized share capital of Progressive Share Brokers Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.

  • Currently 3 directors are associated with Progressive Share Brokers Private Limited.

    • Anil Nandkumar Gaggar
    • Aditya Anil Gaggar
    • Anirudh Anil Gaggar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Share Brokers Private Limited is 122-123-124 Laxmi Plaza Industrial Estate New Link Road Andheri (W), India, Mumbai, Maharashtra, 400053.

  • The corporate identification number (CIN) of Progressive Share Brokers Private Limited is U67120MH1994PTC176096 and the company number is 176096 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Progressive Share Brokers Private Limited is https://www.progressiveshares.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Share Brokers Private Limited has fallen by -9.66%.

  • As Per 2023 financial reports, 77 employees are currently employed by Progressive Share Brokers Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Share Brokers Private Limited has experienced an upsurge of 9.05%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Progressive Share Brokers Private Limited amount to ₹ 145.00 Cr.

  • The most recent Balance Sheet for Progressive Share Brokers Private Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Brokerage & Trading Services