Promoter holding
64.27%
PC
Progressive Constructions Limited - Due diligence report
A 360° intelligence report on Progressive Constructions Limited: trust score, financial health, credit view, compliance, directors, growth a…
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Progressive Constructions Limited — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Progressive Constructions Limited is assessed as Moderate with a Trust Score of 66/100. Progressive Constructions Limited is an active public limited indian non-government company incorporated in 1981, operating in the Infrastructure and Utilities sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.
Report generated on 26 Jul 2026 from the latest processed filings. Progressive Constructions Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 25/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Working-capital cover adequate.
Charges position: 22 open (5,015.05 cr) · 18 satisfied (320.84 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 7 | 48.0 cr |
| Andhra Bank | 2 | 48.0 cr |
| Bank Of India | 1 | 48.0 cr |
| Corporation Bank | 1 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
| Punjab National Bank | 3 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 4 court forum(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRAVEEN PATHURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADIT ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEMALATHA KAVURI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LAKSHMI KRISHNA PRASAD KATNENI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADIT ARORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANNE SIRISHA BANU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VASIREDDY BADARINADH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KALIKIRAN ANNE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VASIREDDY BADARINADH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARIGAPUDI VIJAY KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- HEMALATHA KAVURI has DIN status "Disqualified by RoC u/s 164(2)".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
06
Ownership & Group Intelligence
As per FY 2020 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
11 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Pcl- Intertech Lenhydro Consortium | Joint Ventures | 74.00% |
| Pcl-sticco Jv | Joint Ventures | 74.00% |
| Progressive-mvr Jv | Joint Ventures | 74.00% |
| Pcl-higleig Jv | Joint Ventures | 74.00% |
| Pcl Suncon-jv | Joint Ventures | 74.00% |
| Pcl- Sew Bhavani Jv | Joint Ventures | 74.00% |
| Pcl-l&t- Ctc Jv | Joint Ventures | 74.00% |
| Pcl- Brahmaputra Jv | Joint Ventures | 74.00% |
| Pcl-srinivasa Jv | Joint Ventures | 74.00% |
| Pcl-gammon Jv | Joint Ventures | 74.00% |
Key managerial personnel: PRAVEEN PATHURI (Managing Director) · HEMALATHA KAVURI (Whole-time director) · VASIREDDY BADARINADH (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 75
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 44+ years.
Distress signals & risk flags
Losses deepening year-on-year.
22 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment43/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 22 open charge(s) of 5,015.05 cr already registered.
- Compliance gaps should be priced into terms.
Investor view54/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events27 Oct 2025
Charge created
Others - 2.72 cr
30 Dec 2024
Last AGM held
Annual general meeting
02 Jul 2024
Charge created
Hdfc Bank Limited - 1.30 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Dec 2022
Charge satisfied
Others
10 Jun 2022
Charge satisfied
Export - Import Bank Of India
Charge satisfied
Export-Import Bank Of India
Charge satisfied
Export- Import Bank Of India
27 Aug 2021
Director ceased
RADHA KRISHNA KAVURU
02 Mar 2020
Director appointed
ADIT ARORA (Company Secretary)
25 Feb 2020
Director ceased
PRAVEEN PATHURI
30 Nov 2019
Director appointed
VASIREDDY BADARINADH (CFO)
Director ceased
VASIREDDY BADARINADH
14 Aug 2019
Charge satisfied
Srei Equipment Finance Limited
02 May 2019
Director appointed
VASIREDDY BADARINADH (Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2020 annual return.
Capital has been raised through 11 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
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| Gjs Infratech | U45200TG2009PTC065762 | Hyderabad, Telangana, India |
| Roadway Solutions Narayanpur Roads Project Private Limited | U45500PN2018PTC177605 | Pune, Maharashtra, India |
| Eci | U45200TG1994PLC016827 | Secunderabad, Telangana, India |
| Perfect Infracorp Private Limited | U45200GJ2012PTC073080 | Mehsana, Gujarat, India |
| Supreme | U45400HR2010PTC043915 | Gurgaon, Haryana, India |
| Hubballi-Dharwad Brts Company Limited | U60200KA2012SGC063887 | Hubballi, Karnataka, India |
| Pinkcityexpressway | U45203TN2008PTC067179 | Chennai, Tamil Nadu, India |
| U.P. Projects Corporation Limited | U15209UP1976SGC004285 | Uttar Pradesh, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Progressive Constructions Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Progressive Constructions Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Progressive Constructions Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Progressive Constructions Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Progressive Constructions Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Progressive Constructions Limited an active company?
Progressive Constructions Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Progressive Constructions Limited financially healthy?
Progressive Constructions Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Progressive Constructions Limited?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Progressive Constructions Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Progressive Constructions Limited have loans or charges against its assets?
22 open charge(s) are registered against its assets, and 18 earlier charge(s) stand satisfied.
Is Progressive Constructions Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Progressive Constructions Limited?
Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
