Progrex Ventures Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 3.60 Cr
- Company Age 43 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 6.45 Cr
- Revenue Growth 204.54%
- Profit Growth 32.00%
- Ebitda 3.41%
- Net Worth -0.81%
- Total Assets -0.68%
About Progrex Ventures
Progrex Ventures Limited (PVL) is a Public Limited Indian Non-Government Company incorporated in India on 21 April 1981 and has a history of 43 years and ten months. Its registered office is in Bhopal, Madhya Pradesh, India.
The Corporate was formerly known as Prog Limited. The Company is engaged in the Chemicals And Materials Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 3.60 Cr.
The company has closed loans amounting to ₹6.45 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Progrex Ventures Limited India are Nitin Bhondwe as CEO and Kriti Singh as Company Secretary. Avneesh Sabherwal, Shruti Dange, and Sanjay Wase serve as directors at the Company.
Company Details
- Location
Bhopal, Madhya Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L15141MP1981PLC001759
- Company No.
001759
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
21 Apr 1981
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Gwalior
Industry
Chemicals and Materials
Who are the key members and board of directors at Progrex Ventures?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nitin Bhondwe | CEO | 20-Jan-2020 | Current |
| Kriti Singh | Company Secretary | 07-Sep-2020 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Avneesh Sabherwal  | Director | 31-Jan-2003 | Current |
| Shruti Dange | Director | 30-Jun-2015 | Current |
| Sanjay Wase | Additional Director | 12-Nov-2024 | Current |
Financial Performance of Progrex Ventures.
Progrex Ventures Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 204.54% increase. The company also saw a substantial improvement in profitability, with a 32% increase in profit. The company's net worth dipped by a decrease of 0.81%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Progrex Ventures?
In 2021, Progrex Ventures had a promoter holding of 74.37% and a public holding of 25.63%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sterling Contractors And Builders Private LimitedAvneesh Sabherwal is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹6.45 Cr
Charges Breakdown by Lending Institutions
- Madhya Pradesh Financial Corporation : 6.45 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jan 2003 | Madhya Pradesh Financial Corporation | ₹7.50 M | Satisfied |
| 01 Aug 2002 | Madhya Pradesh Financial Corporation | ₹7.50 M | Satisfied |
| 22 Jun 2002 | Madhya Pradesh Financial Corporation | ₹7.50 M | Satisfied |
| 01 Jun 2002 | Madhya Pradesh Financial Corporation | ₹9.00 M | Satisfied |
| 13 Aug 2001 | Madhya Pradesh Financial Corporation | ₹7.50 M | Satisfied |
How Many Employees Work at Progrex Ventures?
Unlock and access historical data on people associated with Progrex Ventures, 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 Progrex Ventures, 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 Progrex Ventures'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 Progrex Ventures
Recent activity within the organization
- Director Appointment
Sanjay Wase was appointed as a Additional Director was appointed as a Additional Director on 12 Nov 2024 & has been associated with this company since 3 months 28 days .
- Annual General Meeting
Progrex Ventures Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 03 Jan 2003 via Charge ID 90210600 with Madhya Pradesh Financial Corporation was fully satisfied on 30 May 2024.
- Charges
A charge registered on 01 Aug 2002 via Charge ID 90203945 with Madhya Pradesh Financial Corporation was fully satisfied on 30 May 2024.
- Charges
A charge registered on 22 Jun 2002 via Charge ID 90203934 with Madhya Pradesh Financial Corporation was fully satisfied on 30 May 2024.
- Charges
A charge registered on 01 Jun 2002 via Charge ID 90203921 with Madhya Pradesh Financial Corporation was fully satisfied on 30 May 2024.
Frequently asked questions
What is the Incorporation or founding date of Progrex Ventures Limited?
Progrex Ventures Limited was incorporated on 21 Apr 1981.
What is authorized share capital and paid-up capital of Progrex Ventures Limited?
The authorized share capital of Progrex Ventures Limited is ₹ 7.00 Cr and paid-up capital is ₹ 3.60 Cr.
Who are the current board members & directors of Progrex Ventures Limited?
Currently 5 directors are associated with Progrex Ventures Limited.
- Avneesh Sabherwal
- Shruti Dange
- Sanjay Wase
- Nitin Bhondwe
- Kriti Singh
What is the registered address of Progrex Ventures Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Progrex Ventures Limited is 282, Shri Mohan Parisar Zone-1 M.P. Nagar India, Bhopal, Madhya Pradesh, 462011.
What is the corporate identification number (CIN) and company number of Progrex Ventures Limited?
The corporate identification number (CIN) of Progrex Ventures Limited is L15141MP1981PLC001759 and the company number is 001759 as per Ministry of Corporate Affairs (MCA).
What is the official website of Progrex Ventures Limited?
The Official website of Progrex Ventures Limited is https://www.progressivecorp.net
What has been the recent revenue trend for Progrex Ventures Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Progrex Ventures Limited has risen by 204.54%.
What change has been observed in the net worth of Progrex Ventures Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Progrex Ventures Limited has experienced an downturn of -0.81%.
When was the last Balance Sheet of Progrex Ventures Limited filed with the ROC?
The most recent Balance Sheet for Progrex Ventures Limited was filed with the ROC on 31 Mar 2024.
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