Progressive Surface Systems Profile
Key Indicators
- Authorised Capital ₹ 4.50 M
- Paid Up Capital ₹ 3.62 M
- Company Age 22 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.50 Cr
- Satisfied Charges ₹ 1.20 Cr
- Revenue Growth 33.65%
- Profit Growth 119.86%
- Ebitda 81.27%
- Net Worth 12.60%
- Total Assets 0.75%
About Progressive Surface Systems
Progressive Surface Systems Private Limited (PSSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 July 2002 and has a history of 22 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Progressive Electroplating Chemicals Private Limited. The Company is engaged in the Machinery And Equipment 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 4.50 M and a paid-up capital of Rs 3.62 M.
The company currently has active open charges totaling ₹4.50 Cr. The company has closed loans amounting to ₹1.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
Riya Shah, Nikita Shah, and Malav Shah serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U24229MH2002PTC136469
- Company No.
136469
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Jul 2002
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
What products or services does Progressive Surface Systems Private Limited offer?
Progressive Surface Systems Private Limited offers a wide range of products and services, including Industrial Chemicals, Pretreatment Chemical, Ultrasonic Cleaner, Cleaning Liquids & Wipes, Cleaning Chemicals.
Who are the key members and board of directors at Progressive Surface Systems?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Riya Shah  | Director | 29-Jan-2021 | Current |
| Nikita Shah | Director | 01-May-2012 | Current |
| Malav Shah | Director | 10-Jul-2002 | Current |
Financial Performance of Progressive Surface Systems.
Progressive Surface Systems Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.65% increase. The company also saw a substantial improvement in profitability, with a 119.86% increase in profit. The company's net worth Soared by an impressive increase of 12.6%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Progressive Surface Systems?
In 2023, Progressive Surface Systems had a promoter holding of 83.43% and a public holding of 16.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Meraki Sisters LlpRiya Shah and Nikita Shah are mutual person
Charges (Loans)
₹45.00 M
₹12.00 M
Charges Breakdown by Lending Institutions
- Union Bank Of India : 4.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jan 2006 | Union Bank Of India | ₹4.50 Cr | Open |
| 26 Jun 2020 | Others | ₹7.50 M | Satisfied |
| 26 Jun 2020 | Others | ₹4.50 M | Satisfied |
How Many Employees Work at Progressive Surface Systems?
Progressive Surface Systems has a workforce of 76 employees as of Mar 22, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Progressive Surface Systems, 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 Surface Systems'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.
