Progressive Star Finance Private Limited
Provides financial services such as trading, lending, investments, real estate, and business consulting.
1991 | Kolkata, West Bengal (India) | Active
Progressive Star Finance Profile
Key Indicators
- Authorised Capital ₹ 9.00 Cr
- Paid Up Capital ₹ 1.07 Cr
- Company Age 33 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 28.00 Cr
- Revenue Growth -28.60%
- Profit Growth -102.24%
- Ebitda -42.77%
- Net Worth -0.12%
- Total Assets -9.04%
About Progressive Star Finance
Progressive Star Finance Private Limited (PSFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 October 1991 and has a history of 33 years and five months. Its registered office is in Kolkata, West Bengal, India.
The Corporate was formerly known as Progressive Star Holdings & Consultants Pvt.Ltd.. 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 9.00 Cr and a paid-up capital of Rs 1.07 Cr.
The company has closed loans amounting to ₹28.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Utsav Parekh, Samarth Parekh, Surendra Ojha, and One other member serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U70109WB1991PTC053288
- Company No.
053288
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Oct 1991
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Financial Services
Who are the key members and board of directors at Progressive Star Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Samarth Parekh  | Managing Director | 14-Mar-2013 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Saharsh Parekh | Director | 01-Jan-2016 | Current |
| Utsav Parekh | Director | 06-Apr-2021 | Current |
| Surendra Ojha | Whole-Time Director | 05-Mar-2020 | Current |
Financial Performance of Progressive Star Finance.
Progressive Star Finance Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.6% decrease. The company also saw a substantial fall in profitability, with a 102.24% decrease in profit. The company's net worth dipped by a decrease of 0.12%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Star Finance?
In 2023, Progressive Star Finance had a promoter holding of 81.31% and a public holding of 18.69%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Nexome Real Estates Private LimitedUtsav Parekh and Saharsh Parekh are mutual person
Jay Shree Tea And Industries LimitedUtsav Parekh is a mutual person
Indian Chamber Of Commerce CalcuttaUtsav Parekh is a mutual person
Texmaco Rail & Engineering LimitedUtsav Parekh is a mutual person
I Care Learning Private LimitedSamarth Parekh is a mutual person
Bengal Aerotropolis Projects LimitedUtsav Parekh is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹28.00 Cr
Charges Breakdown by Lending Institutions
- Others : 28.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2021 | Others | ₹28.00 Cr | Satisfied |
How Many Employees Work at Progressive Star Finance?
Unlock and access historical data on people associated with Progressive Star Finance, 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 Star Finance, 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 Star Finance'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 Star Finance
Recent activity within the organization
- Annual General Meeting
Progressive Star Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 18 Mar 2021 via Charge ID 100473581 with Others was fully satisfied on 30 Jul 2024.
- Balance Sheet
Progressive Star Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Director Appointment
Utsav Parekh was appointed as a Director was appointed as a Director on 06 Apr 2021 & has been associated with this company since 3 years 10 months .
- Charges
A charge with Others amounted to Rs. 28.00 Cr with Charge ID 100473581 was registered on 18 Mar 2021.
- Director Appointment
Surendra Nath Ojha was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 05 Mar 2020 & has been associated with this company since 5 years .
Frequently asked questions
What is the Incorporation or founding date of Progressive Star Finance Private Limited?
Progressive Star Finance Private Limited was incorporated on 04 Oct 1991.
What is authorized share capital and paid-up capital of Progressive Star Finance Private Limited?
The authorized share capital of Progressive Star Finance Private Limited is ₹ 9.00 Cr and paid-up capital is ₹ 1.07 Cr.
Who are the current board members & directors of Progressive Star Finance Private Limited?
Currently 4 directors are associated with Progressive Star Finance Private Limited.
- Utsav Parekh
- Samarth Parekh
- Surendra Nath Ojha
- Saharsh Parekh
What is the registered address of Progressive Star Finance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Star Finance Private Limited is Ground Floor, Flat No. 2 36A Elgin Road India, Kolkata, West Bengal, 700020.
What is the corporate identification number (CIN) and company number of Progressive Star Finance Private Limited?
The corporate identification number (CIN) of Progressive Star Finance Private Limited is U70109WB1991PTC053288 and the company number is 053288 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Progressive Star Finance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Star Finance Private Limited has fallen by -28.60%.
What change has been observed in the net worth of Progressive Star Finance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Star Finance Private Limited has experienced an downturn of -0.12%.
When was the last Balance Sheet of Progressive Star Finance Private Limited filed with the ROC?
The most recent Balance Sheet for Progressive Star Finance Private Limited was filed with the ROC on 31 Mar 2024.
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