Progressive Wires Pvt Ltd
Manufactures enameled copper wires, LPG cylinder components, electronic and electric wires, and cables.
1993 | Hyderabad, Telangana (India) | Active
Progressive Wires Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 5.00 M
- Company Age 31 Year, 4 Months
- Last Filing with ROC 31 Mar 2022
- Open Charges ₹ 4.09 Cr
- Satisfied Charges ₹ 4.17 Cr
- Revenue Growth -17.47%
- Profit Growth -28.90%
- Ebitda 37.72%
- Net Worth -19.58%
- Total Assets 25.90%
About Progressive Wires
Progressive Wires Pvt Ltd (PWPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 November 1993 and has a history of 31 years and four months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 5.00 M.
The company currently has active open charges totaling ₹4.09 Cr. The company has closed loans amounting to ₹4.17 Cr, as per Ministry of Corporate Affairs (MCA) records.
Naga Kowtha, Kowtha Abhishikt, and Nikhil Kowtha serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31300TG1993PTC016585
- Company No.
016585
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Nov 1993
- Date of AGM
30 Sep 2022
- Date of Balance Sheet
31 Mar 2022
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Manufacturing
Who are the key members and board of directors at Progressive Wires?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Naga Kowtha  | Managing Director | 18-Nov-1993 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nikhil Kowtha | Director | 15-Jul-2015 | Current |
| Kowtha Abhishikt | Director | 03-May-2013 | Current |
Financial Performance of Progressive Wires.
Progressive Wires Pvt Ltd, for the financial year ended 2016, experienced significant reduction in revenue, with a 17.47% decrease. The company also saw a substantial fall in profitability, with a 28.9% decrease in profit. The company's net worth observed a substantial decline by a decrease of 19.58%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progressive Wires?
In 2017, Progressive Wires had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹40.95 M
Satisfied Charges
₹41.67 M
Charges Breakdown by Lending Institutions
- Syndicate Bank : 3.05 Cr
- Others : 0.64 Cr
- Stat Bank Of Hyderabad : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Oct 2018 | Others | ₹3.20 M | Open |
| 31 Jan 2018 | Others | ₹2.12 M | Open |
| 31 Jan 2018 | Others | ₹1.13 M | Open |
| 28 Dec 2015 | Syndicate Bank | ₹3.05 Cr | Open |
| 29 Dec 2001 | Stat Bank Of Hyderabad | ₹4.00 M | Open |
How Many Employees Work at Progressive Wires?
Unlock and access historical data on people associated with Progressive Wires, 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 Wires, 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 Wires'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 Wires
Recent activity within the organization
- Annual General Meeting
Progressive Wires Pvt Ltd last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
- Balance Sheet
Progressive Wires Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad.
- Charges
A charge registered on 31 Jan 2018 via Charge ID 100174918 with Others was fully satisfied on 16 Nov 2018.
- Charges
A charge with Others amounted to Rs. 3.20 M with Charge ID 100237108 was registered on 15 Oct 2018.
- Charges
A charge with Others amounted to Rs. 2.12 M with Charge ID 100174933 was registered on 31 Jan 2018.
- Charges
A charge with Others amounted to Rs. 1.13 M with Charge ID 100175058 was registered on 31 Jan 2018.
Frequently asked questions
What is the Incorporation or founding date of Progressive Wires Pvt Ltd?
Progressive Wires Pvt Ltd was incorporated on 18 Nov 1993.
What is authorized share capital and paid-up capital of Progressive Wires Pvt Ltd?
The authorized share capital of Progressive Wires Pvt Ltd is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.
Who are the current board members & directors of Progressive Wires Pvt Ltd?
Currently 3 directors are associated with Progressive Wires Pvt Ltd.
- Naga Sairam Kowtha
- Kowtha Abhishikt
- Nikhil Kowtha
What is the registered address of Progressive Wires Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Wires Pvt Ltd is 67 Prasanthnagar, Saktipuram Ida Kukatpally India, Hyderabad, Telangana, 500037.
What is the corporate identification number (CIN) and company number of Progressive Wires Pvt Ltd?
The corporate identification number (CIN) of Progressive Wires Pvt Ltd is U31300TG1993PTC016585 and the company number is 016585 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Progressive Wires Pvt Ltd?
According to the financial reports for the fiscal year 2016, the revenue trend for Progressive Wires Pvt Ltd has fallen by -17.47%.
What change has been observed in the net worth of Progressive Wires Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2016 indicates that The net worth of Progressive Wires Pvt Ltd has experienced an downturn of -19.58%.
What are the total open charges for Progressive Wires Pvt Ltd?
As per the financial statements for fiscal Year 2016, The total open charges for Progressive Wires Pvt Ltd amount to ₹ 4.09 Cr.
When was the last Balance Sheet of Progressive Wires Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Progressive Wires Pvt Ltd was filed with the ROC on 31 Mar 2022.
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