Progressive Constructions Private Limited
About Progressive Constructions Private Limited
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Progressive Constructions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 12 October 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL1981PTC012459. Its GSTIN is 07AAACP5939L2ZZ (Delhi). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹3.37 Lakh. It is led by directors including Arun Sahai (Managing Director) and Bela Sahai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E – 1 Geetanjali Enclave, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.21 Lakh, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹4.33 Lakh (net margin 5.8%) and EBITDA of ₹10.23 Lakh (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Progressive Constructions has one previous CIN (Corporate Identification Number): U74899DL1981PTC012459. The current CIN is U45201DL1981PTC012459, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201DL1981PTC012459 | Current |
| U74899DL1981PTC012459 | Previous |
Contact details
Progressive Constructions Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE – 1 Geetanjali Enclave, New Delhi, Delhi, India – 110017
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Progressive Constructions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Progressive Constructions is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Progressive Constructions Private Limited, buy the company report.
Financials of Progressive Constructions Private Limited
FY 2024 filings availableProgressive Constructions Private Limited reported revenue of ₹75.21 Lakh (down 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 137% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹10.23 Lakh | ||||
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| Net Profit (PAT) | ₹4.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of Progressive Constructions Private Limited, buy the company report.
Board of directors of Progressive Constructions Private Limited
Progressive Constructions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bela Sahai | Director | 01 Jan 2012 | 14 Years 9 Months | Current |
| Abhinav Sahai | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Arun Sahai | Managing Director | 12 Oct 1981 | 45 Years 0 Months | Current |
Auditor
Progressive Constructions Private Limited is audited by VINOD KUMAR BINDAL & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD KUMAR BINDAL & CO. | FY 2017 | 003820N |
Shareholding
The shareholding of Progressive Constructions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Progressive Constructions Private Limited, buy the company report.
Legal cases
Progressive Constructions Private Limited has 7 court cases on record: 2 filed by Progressive Constructions, 5 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 1 |
| Supreme Court | 2 | 2 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by M/S. Sharma and Associates Contractor Pvt. Ltd. | Pending |
| District court, Ranchi, Jharkhand | Criminal complaint | Filed against the company by Union of India | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Union Bank of India and Another and 1 other | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Indian Overseas Bank and 1 other | Disposed |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
To see the full case history of Progressive Constructions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Constructions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Constructions has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP5939L2ZZ | Delhi | Active | 13 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Constructions Private Limited, buy the company report.
Recent activity
Progressive Constructions Private Limited has 6 board changes on record since 1981: 3 appointments and 3 cessations. The latest: Abhinav Sahai ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Progressive Constructions is an active private limited company based in New Delhi, Delhi, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 12 October 1981 (45+ years old) and is registered under CIN U45201DL1981PTC012459.
Progressive Constructions has 3 current directors:
- Arun Sahai - Managing Director
- Bela Sahai - Director
- Abhinav Sahai - Director
The latest financial statements of Progressive Constructions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Constructions is 07AAACP5939L2ZZ, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Constructions is U45201DL1981PTC012459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Constructions has 7 court cases on record: 2 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Progressive Constructions was incorporated on 12 October 1981, making it 45+ years old. It is registered with the Registrar of Companies, Delhi.
Abhinav Sahai ceased to be Additional Director on 31 Dec 2020. Abhinav Sahai was appointed as Director on 01 Apr 2020. Sahai Mahendra ceased to be Director on 01 Mar 2013. Progressive Constructions has 6 board changes on record in total.
The registered office of Progressive Constructions is at E – 1 Geetanjali Enclave, New Delhi, Delhi, India – 110017.
Progressive Constructions operates in the infrastructure and utilities industry, in the general construction services segment.