Progressive Transit Private Limited

Provides motor vehicle services, including interstate and intrastate transportation, through buses, lorries, and cabs.

2018 | Delhi (India) | Active
Last Updated:

Progressive Transit Profile

Key Indicators

  • Authorised Capital ₹ 22.50 Cr
  • Paid Up Capital ₹ 12.51 Cr
  • Company Age 7 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 109.93 Cr
  • Revenue Growth %
  • Profit Growth 69.18%
  • Ebitda 70.81%
  • Net Worth -4.71%
  • Total Assets -61.98%

About Progressive Transit

Progressive Transit Private Limited (PTPL) is a Private Limited Indian Non-Government Company incorporated in India on 20 February 2018 (Seven years and three months 1 days old ). Its registered office is in Delhi, India.

The Company is engaged in the Automotive 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 22.50 Cr and a paid-up capital of Rs 12.51 Cr.

The company currently has active open charges totaling ₹109.93 Cr.

Gajinder Yadav, Vijender Dalal, Virender Saroha, and Two other members serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999DL2018PTC329659

  • Company No.

    329659

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    20 Feb 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Automotive
Company report

Progressive Transit Private Limited

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

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

Board Members (5)

NameDesignationAppointment DateStatus
Gajinder Yadav Country flag representing In Director 20-Feb-2018Current
Vijender Dalal Country flag representing In Director 22-Nov-2023Current
Virender Saroha Country flag representing In Director 22-Nov-2023Current
Anurag Agarwal Country flag representing In Director 22-Nov-2023Current
Khajan Singh Country flag representing In Director 22-Nov-2023Current

Financial Performance of Progressive Transit.

Progressive Transit Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 69.18% increase in profit. The company's net worth dipped by a decrease of 4.71%.

Progressive Transit revenue growth over time
Progressive Transit 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
Revenue from Operations
Total Assets
-61.98%
Profit or Loss
69.18%
Net Worth
-4.71%
EBITDA
70.81%

What is the Ownership and Shareholding Structure of Progressive Transit?

In 2023, Progressive Transit had a public holding of 39.40%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹109.93 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 68.00 Cr
  • Others : 36.96 Cr
  • Axis Bank Limited : 4.97 Cr

Latest Charge Details

DateLenderAmountStatus
10 Jul 2024Axis Bank Limited₹4.97 CrOpen
26 Jun 2024State Bank Of India₹18.27 CrOpen
06 Jan 2024State Bank Of India₹49.73 CrOpen
28 Dec 2023Others₹36.96 CrOpen

How Many Employees Work at Progressive Transit?

Progressive Transit has a workforce of 468 employees as of Feb 02, 2025. 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.

Employee growth trends for Progressive Transit Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.97 Cr with Charge ID 100953982 was registered on 10 Jul 2024.

  • Charges

    A charge with State Bank Of India amounted to Rs. 18.27 Cr with Charge ID 100951925 was registered on 26 Jun 2024.

  • Charges

    A charge with State Bank Of India amounted to Rs. 49.73 Cr with Charge ID 100859513 was registered on 06 Jan 2024.

  • Charges

    A charge with Others amounted to Rs. 36.96 Cr with Charge ID 100850214 was registered on 28 Dec 2023.

  • Director Appointment

    Vijender Singh Dalal was appointed as a Director was appointed as a Director on 22 Nov 2023 & has been associated with this company since 1 year 6 months .

  • Director Appointment

    Virender Kumar Saroha was appointed as a Director was appointed as a Director on 22 Nov 2023 & has been associated with this company since 1 year 6 months .

Frequently asked questions

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

    Progressive Transit Private Limited was incorporated on 20 Feb 2018.

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

    The authorized share capital of Progressive Transit Private Limited is ₹ 22.50 Cr and paid-up capital is ₹ 12.51 Cr.

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

    Currently 5 directors are associated with Progressive Transit Private Limited.

    • Gajinder Yadav
    • Vijender Singh Dalal
    • Virender Kumar Saroha
    • Anurag Agarwal
    • Khajan Singh

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Transit Private Limited is Shop No. 18 First Floor Block-Sd Near Metro Station Pitampura India, Delhi, 110034.

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

    The corporate identification number (CIN) of Progressive Transit Private Limited is U74999DL2018PTC329659 and the company number is 329659 as per Ministry of Corporate Affairs (MCA).

  • How many employees does Progressive Transit Private Limited currently have?

    As Per 2022 financial reports, 468 employees are currently employed by Progressive Transit Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Progressive Transit Private Limited has experienced an downturn of -4.71%.

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

    As per the financial statements for fiscal Year 2022, The total open charges for Progressive Transit Private Limited amount to ₹ 109.93 Cr.

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

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

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