About Ivchenko Progress India Private Limited
Data last updated:
Ivchenko Progress India Private Limited is a private limited company based in New, Delhi, India, recognised as a startup by DPIIT. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 26 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29299DL2021PTC388950. Its GSTIN is 07AAGCI3777H1ZA (Delhi).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors Shalini Kapoor and Ashutosh Lal.
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 520 5th Floor Commercial Complex Le Meridien Hotel, New, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.48 Cr. For the same year it recorded a net loss of ₹2.02 Cr (net margin -81.2%) and EBITDA of -₹2.01 Cr (EBITDA margin -80.9%).
Court records list 1 case involving the company, including 1 filed by the company.
For more details, the company can be reached via its website ip-india.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address520 5th Floor Commercial Complex Le Meridien Hotel, New, Delhi, India – 110001
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
- 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
Financials of Ivchenko Progress India Private Limited FY 2025 filings available
Ivchenko Progress India Private Limited reported revenue of ₹2.48 Cr for FY 2025.
Financial Statement Summary of Ivchenko Progress India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹2.01 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.02 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 of Ivchenko Progress India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -80.9% | •••• | •••• | •••• |
| Net Profit Margin | -81.2% | •••• | •••• | •••• |
| 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 Ivchenko Progress India are in the company report.
Financial statements from FY 2022
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.
Peer Comparison of Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Minitechs Aerotools Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| S R Aerospace Solutions LLP | •••• | •••• | •••• | •••• | - | Moradabad, Uttar Pradesh, India |
| Radel Advanced Technology Private Limited | •••• | •••• | •••• | •••• | - | Bangalore., Karnataka, India |
| Sapthagiri Aerospace & Defence Private Limited | •••• | •••• | •••• | •••• | 10 | Bangalore North, Karnataka, India |
| Aerotek Sika Aviosystems Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ivchenko Progress India Private Limited this company | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Aviation 365Design Private Limited | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Kadet Defence Systems Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Legend Technologies (India) Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Revathi Engineering Private Limited | •••• | •••• | •••• | •••• | - | Rangareddy, Telangana, India |
| Spike Aerotek Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ivchenko Progress India by revenue in the Aviation industry (Aircraft and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited is audited by ASHISH KUMAR SHAH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASHISH KUMAR SHAH & 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.
Board of Directors of Ivchenko Progress India Private Limited
Ivchenko Progress India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalini Kapoor | Additional Director | 25 Apr 2022 | 4 Years 5 Months | Current |
| Ashutosh Lal | Additional Director | 30 Apr 2022 | 4 Years 5 Months | Current |
Ownership and Shareholding of Ivchenko Progress 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 Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited has 1 court case on record: 1 filed by Ivchenko Progress India. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited has a workforce of 0 employees as of Apr 06, 2024.
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 Ivchenko Progress India Private Limited
Ivchenko Progress India Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Rajat Kapoor ceased to be Director on 01 May 2022.
Credit Ratings, Litigation & Regulatory Alerts for Ivchenko Progress 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 Ivchenko Progress 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 Ivchenko Progress 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 Ivchenko Progress India Private Limited
Ivchenko Progress India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCI3777H1ZA | Delhi | Active | 01 Nov 2021 |
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 Ivchenko Progress 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 Ivchenko Progress India Private Limited
Ivchenko Progress India is an active private limited company based in New, Delhi, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 26 October 2021 (5+ years old) and is registered under CIN U29299DL2021PTC388950.
Ivchenko Progress India reported revenue of ₹2.48 Cr for FY 2025.
Ivchenko Progress India has 2 current directors:
- Shalini Kapoor - Additional Director
- Ashutosh Lal - Additional Director
Ivchenko Progress India reported a net loss of ₹2.02 Cr (net margin -81.2%) and EBITDA of -₹2.01 Cr (EBITDA margin -80.9%) for FY 2025, as per its filed financial statements.
The GSTIN of Ivchenko Progress India is 07AAGCI3777H1ZA, registered in Delhi.
The CIN (Corporate Identification Number) of Ivchenko Progress India is U29299DL2021PTC388950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivchenko Progress India has 1 court case on record: 1 filed by the company.
Ivchenko Progress India was incorporated on 26 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Ivchenko Progress India by revenue are Minitechs Aerotools Private Limited, S R Aerospace Solutions LLP, Radel Advanced Technology Private Limited, Sapthagiri Aerospace & Defence Private Limited, Aerotek Sika Aviosystems Private Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing).
Rajat Kapoor ceased to be Director on 01 May 2022. Ashutosh Lal was appointed as Additional Director on 30 Apr 2022. Sudhir Varma ceased to be Director on 26 Apr 2022. Ivchenko Progress India has 6 board changes on record in total.
Yes, Ivchenko Progress India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).