Progressive Foundry and Engineering Company Pvt Ltd

Progressive Foundry and Engineering Company Pvt Ltd - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U45201GJ1985PTC008247 Incorporated 07 November 1985 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company machinery and equipment
Data last updated
Revenue · FY 2023
₹9,400
Latest filing
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
41 yrs
Est. 1985
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
Last financials
Mar 2025
Balance sheet date
Last AGM
20 Sep 2025
Annual general meeting

About Progressive Foundry and Engineering Company Pvt Ltd

Data last updated:

Progressive Foundry and Engineering Company Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 November 1985 and has been in existence for over 41 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1985PTC008247. Its GSTIN is 24AACCP9988M1ZJ (Gujarat).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ketan Ambalal Panchal and Jignaben Ketan Panchal.

Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 111/P G.I.D.C. Estate Odhav, Ahmedabad, Gujarat, India – 382410.

The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U45201GJ1985PTC008247
Registration Number 008247
Incorporation Date 07 November 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

Contact details

Progressive Foundry and Engineering Company Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Plot No. 111/P G.I.D.C. Estate Odhav, Ahmedabad, Gujarat, India – 382410
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Progressive Foundry and Engineering Company Pvt Ltd, buy the company report.

Comprehensive company report
Progressive Foundry and Engineering Company Pvt Ltd - one report that includes everything
  • 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
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Financials of Progressive Foundry and Engineering Company Pvt Ltd

FY 2025 filings available

Progressive Foundry and Engineering Company Pvt Ltd reported revenue of ₹9,400 for FY 2023.

Revenue · FY 2023
₹9,400

Financial Statement Summary

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹9,400
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA
Profit Before Tax
Tax Expense
Net Profit (PAT)
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin
Net Profit Margin
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Progressive Foundry and Engineering Company Pvt Ltd, buy the company report.

Board of directors of Progressive Foundry and Engineering Company Pvt Ltd

Progressive Foundry and Engineering Company has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ketan Ambalal PanchalDirector19 Aug 199630 Years 2 MonthsCurrent
Jignaben Ketan PanchalDirector25 Apr 20206 Years 6 MonthsCurrent

Auditor

Progressive Foundry and Engineering Company Pvt Ltd is audited by J.C. SHAH & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J.C. SHAH & Co.FY 2023118004

Shareholding

The shareholding of Progressive Foundry and Engineering Company Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Progressive Foundry and Engineering Company Pvt Ltd, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Progressive Foundry and Engineering Company Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Progressive Foundry and Engineering Company has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCP9988M1ZJGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Progressive Foundry and Engineering Company Pvt Ltd, buy the company report.

Recent activity

Progressive Foundry and Engineering Company Pvt Ltd has 3 board changes on record since 1996: 2 appointments and 1 cessation. The latest: Ankit Ambalal Panchal ceased to be Director on 25 Apr 2020.

AGM
Progressive Foundry And Engineering Company Pvt Ltd last Annual general meeting of members was held on 20 Sep 2025 as per latest MCA records.
Filing
Progressive Foundry And Engineering Company Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ankit Ambalal Panchal ceased to be Director.
Appointed
Jignaben Ketan Panchal was appointed as Director.
Appointed
Ketan Ambalal Panchal was appointed as Director.
Incorporation
07 Nov 1985
Progressive Foundry And Engineering Company Pvt Ltd was registered on 07 Nov 1985 with Roc Ahmedabad & aged 41 years 2 days as per MCA records.

Frequently asked questions

Progressive Foundry and Engineering Company is an active private limited company based in Ahmedabad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 07 November 1985 (41+ years old) and is registered under CIN U45201GJ1985PTC008247.

Progressive Foundry and Engineering Company has 2 current directors:

The latest financial statements of Progressive Foundry and Engineering Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Progressive Foundry and Engineering Company is 24AACCP9988M1ZJ, registered in Gujarat.

The CIN (Corporate Identification Number) of Progressive Foundry and Engineering Company is U45201GJ1985PTC008247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Progressive Foundry and Engineering Company was incorporated on 07 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Ankit Ambalal Panchal ceased to be Director on 25 Apr 2020. Jignaben Ketan Panchal was appointed as Director on 25 Apr 2020. Ketan Ambalal Panchal was appointed as Director on 19 Aug 1996.

The registered office of Progressive Foundry and Engineering Company is at Plot No. 111P G.I.D.C. Estate Odhav, Ahmedabad, Gujarat, India – 382410.

Progressive Foundry and Engineering Company operates in the machinery and equipment industry, in the process machinery and industrial equipment segment.

The compliance status of Progressive Foundry and Engineering Company is compliant as of 02 September 2026. The company is actively filing with the Registrar of Companies.