Progressive Steels (India) Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.04 Cr
- Company Age 38 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 3.55 Cr
- Revenue Growth %
- Profit Growth 5.30%
- Ebitda 5.30%
- Net Worth -1.08%
- Total Assets -0.22%
About Progressive Steels (India)
Progressive Steels (India) Limited (PSIL) is a Public Limited Indian Non-Government Company incorporated in India on 26 August 1986 and has a history of 38 years and six months. Its registered office is in Patna, Bihar, India.
The Company is engaged in the Metals And Minerals 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 6.00 Cr and a paid-up capital of Rs 5.04 Cr.
The company has closed loans amounting to ₹3.55 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Progressive Steels (India) Limited India are Akanksha as COMPANY SECRETARY and Govind Sharma as Cfo. Vishal Patwari, Rohit Patwari, Nirmal Gupta, and One other member serve as directors at the Company.
Company Details
- Location
Patna, Bihar, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L27100BR1986PLC002413
- Company No.
002413
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Aug 1986
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Patna
Industry
Metals and Minerals
Who are the key members and board of directors at Progressive Steels (India)?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Govind Sharma  | CFO | 15-Dec-2019 | Current |
| Akanksha | Company Secretary | 04-Oct-2021 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vishal Patwari | Director | 01-Sep-2008 | Current |
| Rohit Patwari | Director | 06-Oct-1994 | Current |
| Nirmal Gupta | Director | 16-Nov-1987 | Current |
| Anusuiya Kotriwala | Director | 30-Sep-2015 | Current |
Financial Performance of Progressive Steels (India).
Progressive Steels (India) Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a slight improvement in profitability, with a 5.3% increase in profit. The company's net worth dipped by a decrease of 1.08%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Steels (India)?
In 2023, Progressive Steels (India) had a promoter holding of 3.06% and a public holding of 96.94%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹3.55 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 3.55 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 1993 | State Bank Of India | ₹3.55 Cr | Satisfied |
How Many Employees Work at Progressive Steels (India)?
Unlock and access historical data on people associated with Progressive Steels (India), 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 Steels (India), 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 Steels (India)'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 Steels (India)
Recent activity within the organization
- Annual General Meeting
Progressive Steels (India) Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Progressive Steels (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Patna.
- Director Appointment
Akanksha was appointed as a Company Secretary was appointed as a Company Secretary on 04 Oct 2021 & has been associated with this company since 3 years 4 months .
- Director Appointment
Anusuiya Kotriwala was appointed as a Director was appointed as a Director on 30 Sep 2015 & has been associated with this company since 9 years 5 months .
- Charges
A charge registered on 25 Mar 1993 via Charge ID 90264516 with State Bank Of India was fully satisfied on 15 Dec 2009.
- Director Appointment
Vishal Patwari was appointed as a Director was appointed as a Director on 01 Sep 2008 & has been associated with this company since 16 years 6 months .
Frequently asked questions
What is the Incorporation or founding date of Progressive Steels (India) Limited?
Progressive Steels (India) Limited was incorporated on 26 Aug 1986.
What is authorized share capital and paid-up capital of Progressive Steels (India) Limited?
The authorized share capital of Progressive Steels (India) Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.04 Cr.
Who are the current board members & directors of Progressive Steels (India) Limited?
Currently 6 directors are associated with Progressive Steels (India) Limited.
- Vishal Patwari
- Rohit Patwari
- Nirmal Kant Gupta
- Anusuiya Kotriwala
- Akanksha
- Govind Lal Sharma
What is the registered address of Progressive Steels (India) Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Steels (India) Limited is 315 Ashiana Hariniwas Complex Dak Bunglow Road, India, Patna, Bihar, 800001.
What is the corporate identification number (CIN) and company number of Progressive Steels (India) Limited?
The corporate identification number (CIN) of Progressive Steels (India) Limited is L27100BR1986PLC002413 and the company number is 002413 as per Ministry of Corporate Affairs (MCA).
What is the official website of Progressive Steels (India) Limited?
The Official website of Progressive Steels (India) Limited is https://www.progressivesteels.in
What change has been observed in the net worth of Progressive Steels (India) Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Steels (India) Limited has experienced an downturn of -1.08%.
When was the last Balance Sheet of Progressive Steels (India) Limited filed with the ROC?
The most recent Balance Sheet for Progressive Steels (India) Limited was filed with the ROC on 31 Mar 2023.
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