Progressive Services Ltd - Company overview

Progressive Services Ltd is an MCA-registered Indian company: a Public Limited Indian Non-Government Company (CIN U51909WB1983PLC047820). Bu…

1983-08-18 Kolkata, West Bengal Active Unlisted Active Compliant
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Key Metrics

AUTHORISED CAPITAL
2.28 cr
PAID-UP CAPITAL
1.99 cr
COMPANY AGE
42 Years 8 Months
since 1983-08-18
LAST FILING WITH ROC
2024-03-31
Last AGM: 2024-09-30
OPEN CHARGES
1
15.00 Lakh
SATISFIED CHARGES
1
-
REVENUE
PROFIT / LOSS
EBITDA
NET WORTH
View More ⌄
TOTAL ASSETS
TOTAL MONEY RAISED
ACTIVE GST
1
Updated: 2024-12-19 13:45:04

About Progressive Services Ltd

Progressive Services Ltd is an MCA-registered Indian company: a Public Limited Indian Non-Government Company (CIN U51909WB1983PLC047820). Business overview includes Financial Services (NBFC), incorporated on August 18, 1983 (43+ years old), headquartered in Kolkata, West Bengal, India. The company is currently Active with Active Compliant compliance status. For FY 2022, the company reported revenue of ₹28.53 Lakh with a loss of ₹31,543. It has 3 active directors.

NBFC Investment & Credit NBFC
  • Location 53C Mirza Ghalib Street, Kolkata, West Bengal - 700016
CIN / LLPINU51909WB1983PLC047820
Company No.047820
ClassificationPublic Limited Indian Non-Government Company
Incorporation Date1983-08-18
Date of AGM2024-09-30
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Kolkata
PAN
LEI Number
Active ComplianceActive Compliant

Financial Performance of Progressive Services Ltd

Revenue Over The Year
2019 · 2020 · 2021 · 2022 · 2023 · 2024 · 2025
Growth (7 Year) ▲ 38.3% Growth (3 Year) ▼ -9.9%
Profit/Loss Over The Year
2019 · 2020 · 2021 · 2022 · 2023 · 2024 · 2025
Growth (7 Year) ▼ 65.1% Growth (3 Year) ▼ 60.7%
Values are in Mixed (K, L, Cr)
Metrics FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Revenue 2,20,083.04 cr2,35,431.21 cr2,51,890.00 cr2,18,400.00 cr1,95,200.00 cr1,72,000.00 cr1,59,000.00 cr
Profit/Loss 13,969.70 cr 4,810.00 cr 12,200.00 cr 9,100.00 cr -8,200.00 cr 3,200.00 cr 5,100.00 cr
Cash & Bank Balance 38,200.00 cr35,100.00 cr32,000.00 cr28,500.00 cr25,200.00 cr22,000.00 cr19,800.00 cr
Net Worth 1,26,731.94 cr1,37,500.00 cr1,40,200.00 cr1,28,000.00 cr1,15,000.00 cr1,02,000.00 cr95,000.00 cr
EBITDA 27,865.49 cr29,800.00 cr30,200.00 cr27,000.00 cr24,500.00 cr22,000.00 cr20,100.00 cr

Financial Ratios

■ Revenue ■ P/L ■ EBITDA

Values in Crores (Cr) - illustrative trend

FY 2021 - FY 2025
Key Insights (FY 2025)
Revenue2,20,083.04 cr ▼ 6.5%
Profit/Loss13,969.70 cr ▲ 190.6%
EBITDA27,865.49 cr
Net Profit Margin10.54%
Debt/Equity0.47
Current Ratio0.88
Return on Equity12.3%
Ratio FY 2025FY 2024FY 2023FY 2022FY 2021
Net Profit Margin10.543.202.101.800.50
Debt to EBITDA2.141.901.701.501.20
Interest Coverage Ratio0.470.500.450.400.35
Debt to Equity0.880.900.850.800.75
Return on Equity12.103.002.001.500.20
Current Ratio1.201.151.101.050.99
Quick Ratio0.950.920.880.850.80
EBITDA Margin12.0010.008.007.005.00
Return on Capital Employed8.002.001.000.200.00
Earning Per Share4.000.000.000.000.00

Shareholding Pattern

Shareholding Pattern (FY 2025)
  • Promoters 33.19%
  • DII 23.22%
  • FII 18.28%
  • Public 22.89%
  • Others 2.42%
Shareholding Pattern over the Year
Category 20252024202320222021
Promoters33.19%33.50%33.80%34.00%34.41%
DII23.22%22.90%22.50%22.10%21.80%
FII18.28%18.00%17.60%17.20%16.90%
Public22.89%23.10%23.50%24.00%24.20%
Others2.42%2.50%2.60%2.70%2.69%
Subsidiaries Company (6)
TAYO ROLLS LIMITED
54.91% held
THE TATA PIGMENTS LIMITED
100% held
CERAMAT PRIVATE LIMITED
90% held
BHUSHAN STEEL (SOUTH) LIMITED
100% held
NEELACHAL ISPAT NIGAM LTD
99.68% held
TATA STEEL DOWNSTREAM PRODUCTS LIMITED
100% held

EPFO Establishments (1)

MRNOI0019835000 Closed/All Member Excluded
StatusCode No Allotted Was Before Online Registration Started.
ActivityPaper
StateUttar Pradesh
Coverage07-JUN-1995

Current Directors (3)

S
SANJAY ATHA
Director | Since 2015-03-20
A
ASHOK KUMAR JAIN
Managing Director | Since 1986-01-21
H
HARI LAL MULLICK
Director | Since 2004-12-01

Charges Overview

Others : 10.00 Lakh
Hdfc Bank Limited : 5.00 Lakh
Open Charges: 1 Satisfied Charges: 1
Open 15.00 Lakh
Satisfied 0
LenderAmountStatus
Others
Creation Date: 19 May 2023
 10.00 Lakh Closed
Hdfc Bank Limited
Creation Date: 02 Aug 2021
 5.00 Lakh Open

Business Activity

Activity GroupDescriptionTurnover %
Financial and insurance Service-99.06

Flagged By Authority

Regulatory and exchange flags (preview)

Frequently Asked Questions about Progressive Services Ltd
What is CIN of Progressive Services Ltd?
The Corporate Identification Number (CIN) for Progressive Services Ltd is U51909WB1983PLC047820. CIN is a distinct identification code allotted by the Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA). The company registration number is 047820 as per MCA.
When was Progressive Services Ltd incorporated?
Progressive Services Ltd was incorporated 42 years 8 months ago on 18 Aug 1983.
What is paid-up capital and authorised share capital of Progressive Services Ltd?
The paid-up capital of Progressive Services Ltd is ₹ 19,936,770.00 and authorised share capital is ₹ 22,800,000.00.
Who are the current board members and directors of Progressive Services Ltd?
Currently 3 directors are associated with Progressive Services Ltd: Sanjay Atha, Ashok Kumar Jain, Hari Lal Mullick.
  • Sanjay Atha
  • Ashok Kumar Jain
  • Hari Lal Mullick
What is the registered address of Progressive Services Ltd?
As per Ministry of Corporate Affairs (MCA), the registered address of Progressive Services Ltd is 53C Mirza Ghalib Street, Kolkata, West Bengal, 700016, India.
What is the ROC code of Progressive Services Ltd?
Progressive Services Ltd ROC code is Roc Kolkata.
What is the company classification of Progressive Services Ltd?
Progressive Services Ltd is classified as Public Limited Indian Non-Government Company.
Progressive Services Ltd - is it listed or unlisted?
Progressive Services Ltd is a Unlisted company.
What is the current status of Progressive Services Ltd?
Progressive Services Ltd is currently Active and registered in Kolkata, West Bengal, India.
What industry or business activity is Progressive Services Ltd associated with?
Progressive Services Ltd lists activity aligned with: Financial Services - NBFC - Financial and insurance Service. See the Overview and Competition sections for fuller industry context.
Does Progressive Services Ltd have GST registrations on file?
Progressive Services Ltd shows 1 active GST registration signal(s) in compliance overview data. Open the Compliance tab for GSTIN and filing context when your plan allows.
Where can I see charges and lenders for Progressive Services Ltd?
Use the Charges tab for MCA charge filings, charge holders, and open versus satisfied charges for Progressive Services Ltd.
What is the turnover or revenue of Progressive Services Ltd?
Turnover and revenue appear in filed financial statements when available. Open the Financial tab on this profile for revenue, profit or loss, balance sheet metrics, and related MCA filings - not headline estimates.
How can I get the financial details of Progressive Services Ltd?
You can view revenue, profit or loss, balance sheet metrics, and related filings on the Financial tab of this company profile.
What is the net worth of Progressive Services Ltd (last filed snapshot)?
As per the latest financial snapshot on file for FY 2022, net worth is about ₹ 18.65 Cr. Verify figures on the Financial tab and supporting filings.