Industrial Progresive India Ltd
About Industrial Progresive India Ltd
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Industrial Progresive India Ltd is a public limited company based in Udaipur, Rajasthan, India, a subsidiary of Shri Khargandhi Dairy Products Private Limited. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 19 November 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U74140RJ1984PLC003147. Its GSTIN is 06AAACI2861C1Z1 (Haryana). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Ramesh Kumar Jain (Whole-Time Director) and Raj Singh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at First Floor 23 Oil Market Dhan Mandi, Udaipur, Rajasthan, India – 313001.
As per the financials filed for FY 2015, the company reported a revenue of ₹266.04 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹2.01 Cr (net margin 0.8%) and EBITDA of ₹11.18 Cr (EBITDA margin 4.2%).
As per MCA filings, the company has open charges of ₹156.57 Cr and satisfied charges of ₹90.47 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Industrial Progresive India has one previous CIN (Corporate Identification Number): L74140RJ1984PLC003147. The current CIN is U74140RJ1984PLC003147, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140RJ1984PLC003147 | Current |
| L74140RJ1984PLC003147 | Previous |
Contact details
Industrial Progresive India Ltd's registered office is in Udaipur, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressFirst Floor 23 Oil Market Dhan Mandi, Udaipur, Rajasthan, India – 313001
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Industrial Progresive India Ltd, 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
Financials of Industrial Progresive India Ltd
FY 2019 filings availableIndustrial Progresive India Ltd reported revenue of ₹266.04 Cr (up 15% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year. EBITDA rose 20% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹266.04 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹11.18 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹2.01 Cr |
| 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 4.2% |
| Net Profit Margin | 0.8% |
| 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 Industrial Progresive India Ltd, buy the company report.
Board of directors of Industrial Progresive India Ltd
Industrial Progresive India has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsha Jain Also directs: Shri Khargandhi Alloys Private Limited | Additional Director | 12 Apr 2018 | 8 Years 7 Months | Current |
| Ramesh Kumar Jain | Whole-Time Director | 30 Aug 2010 | 16 Years 2 Months | Current |
| Raj Singh Also directs: Seshachal Technologies Limited, Adr Milk Products Private Limited, Rudki Ghee Bhandar Private Limited and 5 more | Director | 21 Apr 2014 | 12 Years 6 Months | Current |
Auditor
Industrial Progresive India Ltd is audited by S S P & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S P & CO | FY 2015 | 010390N |
Shareholding
The shareholding of Industrial Progresive India Ltd is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Industrial Progresive India Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2016 | 100026803 | Others | ₹13.63 Cr | Open | |
| 13 May 2016 | 100026805 | Others | ₹13.63 Cr | Open | |
| 03 Jun 2015 | 10577078 | State Bank of India | ₹55 Cr | Open | |
| 24 Mar 2015 | 10559347 | Oriental Bank of Commerce | ₹13 Cr | Open | |
| 22 Nov 2010 | 10251933 | Hdfc Bank Limited | ₹30.55 Cr | Open |
To see the full charge records of Industrial Progresive India Ltd, buy the company report.
Total charge records: 39 View all charges
Legal cases
No court or tribunal cases involving Industrial Progresive India Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Industrial Progresive India Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Industrial Progresive India has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACI2861C1Z1 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Industrial Progresive India Ltd, buy the company report.
Recent activity
Industrial Progresive India Ltd has 25 board changes on record since 2008: 3 appointments and 22 cessations. The latest: Harsha Jain was appointed as Additional Director on 12 Apr 2018.
110 earlier events are in the company report.
Frequently asked questions
Industrial Progresive India is an active public limited company based in Udaipur, Rajasthan, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 19 November 1984 (42+ years old) and is registered under CIN U74140RJ1984PLC003147.
Industrial Progresive India has 3 current directors:
- Ramesh Kumar Jain - Whole-Time Director
- Harsha Jain - Additional Director
- Raj Singh - Director
The latest financial statements of Industrial Progresive India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Industrial Progresive India is 06AAACI2861C1Z1, registered in Haryana. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Industrial Progresive India is U74140RJ1984PLC003147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Industrial Progresive India was incorporated on 19 November 1984, making it 42+ years old. It is registered with the Registrar of Companies, Jaipur.
Harsha Jain was appointed as Additional Director on 12 Apr 2018. Mahesh Chandra Toshniwal ceased to be Additional Director on 12 Apr 2018. Sunita Gandhi ceased to be Director on 20 Jun 2016. Industrial Progresive India has 25 board changes on record in total.
The registered office of Industrial Progresive India is at First Floor 23 Oil Market Dhan Mandi, Udaipur, Rajasthan, India – 313001.
Industrial Progresive India operates in the food and beverages industry, in the dairy products and milk processing segment.
Industrial Progresive India has open charges of ₹156.57 Cr and satisfied charges of ₹90.47 Cr as per latest MCA filings.
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