Progressive Timber Private Limited

Resells timber and building materials, imports and exports, acts as agents for various products.

2008 | Mumbai, Maharashtra (India) | Active
Last Updated:

Progressive Timber Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 16 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.00 Cr
  • Revenue Growth 39.45%
  • Profit Growth 48.68%
  • Ebitda 33.90%
  • Net Worth 8.87%
  • Total Assets 8.91%

About Progressive Timber

Progressive Timber Private Limited (PTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 October 2008 and has a history of 16 years and seven months. Its registered office is in Mumbai, Maharashtra, 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹1.00 Cr.

Abbas Baluwala, Michael Baluwala, and Yunus Baluwala 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

    U51431MH2008PTC187258

  • Company No.

    187258

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Oct 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

What products or services does Progressive Timber Private Limited offer?

Progressive Timber Private Limited offers a wide range of products and services, including Wood, Plywood, Veneer & Laminates, Plywoods, Wood Log, Hardwood, Engineering and Shipping Ropes, Fibre Rope, Roofing and False ceiling, GI Sheets, Clamps and Clamping Equipment, Clamps.

Company report

Progressive Timber Private Limited

Explore comprehensive data for Progressive Timber Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Yunus Baluwala Country flag representing In Managing Director03-Oct-2008Current

Board Members (2)

NameDesignationAppointment DateStatus
Abbas Baluwala Country flag representing In Director 03-Oct-2008Current
Michael Baluwala Country flag representing In Director 03-Oct-2008Current

Financial Performance of Progressive Timber.

Progressive Timber Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.45% increase. The company also saw a substantial improvement in profitability, with a 48.68% increase in profit. The company's net worth moved up by a moderate rise of 8.87%.

Progressive Timber revenue growth over time
Progressive Timber 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
39.45%
Revenue from Operations
40.06%
Total Assets
8.91%
Profit or Loss
48.68%
Net Worth
8.87%
EBITDA
33.90%

What is the Ownership and Shareholding Structure of Progressive Timber?

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

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Dena Bank : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
31 Jan 2009Dena Bank₹1.00 CrOpen

How Many Employees Work at Progressive Timber?

Unlock and access historical data on people associated with Progressive Timber, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Progressive Timber Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Timber, 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 Timber'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 Timber

Recent activity within the organization

  • Annual General Meeting

    Progressive Timber Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Progressive Timber Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Dena Bank of Rs. 1.00 Cr registered on 31 Jan 2009 with Charge ID 10144906 was modified on 22 Jun 2010.

  • Charges

    A charge with Dena Bank amounted to Rs. 1.00 Cr with Charge ID 10144906 was registered on 31 Jan 2009.

  • Director Appointment

    Abbas Yakub Baluwala was appointed as a Director was appointed as a Director on 03 Oct 2008 & has been associated with this company since 16 years 7 months .

  • Director Appointment

    Michael Yunus Baluwala was appointed as a Director was appointed as a Director on 03 Oct 2008 & has been associated with this company since 16 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Progressive Timber Private Limited?

    Progressive Timber Private Limited was incorporated on 03 Oct 2008.

  • What is authorized share capital and paid-up capital of Progressive Timber Private Limited?

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

  • Who are the current board members & directors of Progressive Timber Private Limited?

    Currently 3 directors are associated with Progressive Timber Private Limited.

    • Abbas Yakub Baluwala
    • Michael Yunus Baluwala
    • Yunus Kalimuddin Baluwala

  • What is the registered address of Progressive Timber Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Timber Private Limited is Plot No: 5 Mahim Rati Bunder Opp: Mahim Bus Depot Causeway Mahim, Mumbai, Maharashtra, India, 400016.

  • What is the corporate identification number (CIN) and company number of Progressive Timber Private Limited?

    The corporate identification number (CIN) of Progressive Timber Private Limited is U51431MH2008PTC187258 and the company number is 187258 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Progressive Timber Private Limited?

    The Official website of Progressive Timber Private Limited is https://www.progressivetimber.in

  • What has been the recent revenue trend for Progressive Timber Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Timber Private Limited has risen by 39.45%.

  • What change has been observed in the net worth of Progressive Timber Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Timber Private Limited has experienced an upsurge of 8.87%.

  • What are the total open charges for Progressive Timber Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Progressive Timber Private Limited amount to ₹ 1.00 Cr.

  • When was the last Balance Sheet of Progressive Timber Private Limited filed with the ROC?

    The most recent Balance Sheet for Progressive Timber Private Limited was filed with the ROC on 31 Mar 2023.

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