Progressive Software (India) Private Limited
About Progressive Software (India) Private Limited
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Progressive Software (India) Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 26 May 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PTC053782. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹18.24 Lakh. It is led by directors including Krishna Mohan Aggarwal and Husain Barwaniwala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 717 Kirti Shikhar District Centre Janakpuri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.56 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹3.34 Lakh (net margin -93.7%) and EBITDA of -₹3.23 Lakh (EBITDA margin -90.7%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address717 Kirti Shikhar District Centre Janakpuri, New Delhi, Delhi, India – 110058
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Progressive Software (India) Private Limited
The main business activity of Progressive Software (India) is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Progressive Software (India) Private Limited FY 2025 filings available
Progressive Software (India) Private Limited reported revenue of ₹3.56 Lakh (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Software (India) Private Limited
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 25%. EBITDA rose 41% 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 of Progressive Software (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.34 Lakh | •••• | •••• | •••• | •••• |
| 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 of Progressive Software (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -90.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -93.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Progressive Software (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Progressive Software (India) Private Limited
Progressive Software (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Mohan Aggarwal Also directs: Indian Oilseeds and Produce Export Promotion Council | Director | 26 May 1993 | 33 Years 4 Months | Current |
| Husain Barwaniwala Also directs: Rounak Polychem Private Limited | Director | 26 Mar 2022 | 4 Years 6 Months | Current |
| Khuzema Barwaniwala Also directs: Snitty Technologies Private Limited | Director | 26 May 1993 | 33 Years 4 Months | Current |
Peer Comparison of Progressive Software (India) Private Limited
Progressive Software (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ewin Techsoft Private Limited | ₹3.6 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Growth Hack Solutions Private Limited | ₹3.6 Lakh (FY 2024) | •••• | •••• | 275.0% | •••• | Hyderabad, Telangana, India |
| In2things Automation Private Limited | ₹3.6 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Milgard Doors Private Limited | ₹3.58 Lakh (FY 2024) | •••• | •••• | -32.0% | •••• | Mysore, Karnataka, India |
| Fitmost Technologies Private Limited | ₹3.57 Lakh (FY 2016) | •••• | •••• | -93.0% | •••• | Hyderabad, Telangana, India |
| Progressive Software (India) Private Limited this company | ₹3.56 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Cybentech Software Services Private Limited | ₹3.55 Lakh (FY 2024) | •••• | •••• | 8.0% | •••• | Pune, Maharashtra, India |
| Esystem Software Private Limited | ₹3.54 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Arkinnet Software Private Limited | ₹3.54 Lakh (FY 2019) | •••• | •••• | 3730.0% | •••• | Mumbai, Maharashtra, India |
| Aalam Ventures Private Limited | ₹3.54 Lakh (FY 2021) | •••• | •••• | 82.0% | •••• | Coimbatore, Tamil Nadu, India |
| Flyingduck Labs Private Limited | ₹3.53 Lakh (FY 2025) | •••• | •••• | •••• | Vijayawada, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Progressive Software (India) by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progressive Software (India) Private Limited
Progressive Software (India) Private Limited is audited by P C BINDAL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P C BINDAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Progressive Software (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Progressive Software (India) Private Limited
Progressive Software (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progressive Software (India) Private Limited
Employment history and EPFO contributions of people linked to Progressive Software (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Progressive Software (India) Private Limited
Progressive Software (India) Private Limited has 4 board changes on record since 1993: 3 appointments and 1 cessation. The latest: Husain Barwaniwala was appointed as Director on 26 Mar 2022.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Software (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Progressive Software (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Progressive Software (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Progressive Software (India) Private Limited
Progressive Software (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Progressive Software (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Progressive Software (India) Private Limited
Progressive Software (India) is an active private limited company based in New Delhi, Delhi, India. The company works in software development and support services, within the information technology industry. It was incorporated on 26 May 1993 (33+ years old) and is registered under CIN U74899DL1993PTC053782.
Progressive Software (India) reported revenue of ₹3.56 Lakh for FY 2025 (up 33% YoY).
Progressive Software (India) has 3 current directors:
- Krishna Mohan Aggarwal - Director
- Husain Barwaniwala - Director
- Khuzema Barwaniwala - Director
Progressive Software (India) reported a net loss of ₹3.34 Lakh (net margin -93.7%) and EBITDA of -₹3.23 Lakh (EBITDA margin -90.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Software (India) is -35% over three years and -25% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
No. Progressive Software (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Software (India) is U74899DL1993PTC053782. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Software (India) was incorporated on 26 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Progressive Software (India) by revenue are Ewin Techsoft Private Limited, Growth Hack Solutions Private Limited, In2things Automation Private Limited, Milgard Doors Private Limited, Fitmost Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Husain Barwaniwala was appointed as Director on 26 Mar 2022. Shabbir Husain Shad ceased to be Director on 01 Oct 2015. Khuzema Barwaniwala was appointed as Director on 26 May 1993. Progressive Software (India) has 4 board changes on record in total.
The registered office of Progressive Software (India) is at 717 Kirti Shikhar District Centre Janakpuri, New Delhi, Delhi, India – 110058.