Progressive Infotech Private Limited

Progressive Infotech Private Limited - information technology in Delhi, India. FY 2026 financials & compliance.
CIN U51909DL1998PTC091465 Incorporated 01 January 1998 ROC Delhi HQ Delhi, India
Active Private Limited Company information technology MSME · Medium
Data last updated
Revenue · FY 2025
₹6.75 Cr
▼ 88% YoY
Net loss · FY 2025
₹1.41 Cr
Net margin -20.9%
EBITDA · FY 2025
₹1.44 Lakh
EBITDA margin 0.2%
Authorised capital
₹6.96 Cr
Registered with MCA
Paid-up capital
₹1.31 Cr
Issued & subscribed
Open charges
₹13.65 Cr
Satisfied ₹32.23 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
690
Provident fund records

About Progressive Infotech Private Limited

Data last updated:

Progressive Infotech Private Limited is a private limited company based in Delhi, India. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 01 January 1998 and has been in existence for over 28 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1998PTC091465. Its GSTIN is 09AAACP9069R1ZF (Uttar Pradesh). The company holds 15 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹6.96 Cr and a paid-up capital of ₹1.31 Cr. It is led by directors including Venu Garg (Whole-Time Director) and Aditya Garg.

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 Flat No. 40A Pocket – D, Sfs Flats Mayur Vihar Phase – III, Delhi, India – 110096.

As per the financials filed for FY 2025, the company reported a revenue of ₹6.75 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -20.9%) and EBITDA of ₹1.44 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 42% over five years.

The company has about 690 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Workelevate. As per MCA filings, the company has open charges of ₹13.65 Cr and satisfied charges of ₹32.23 Cr on record. Court records list 42 cases involving the company, including 30 filed by the company and 12 filed against it; 5 cases are pending. The company has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.5 Lakh; the latest was in March 2017.

Progressive Infotech Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0010523). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressive.in.

Company details

CIN U51909DL1998PTC091465
Registration Number 091465
Incorporation Date 01 January 1998
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-28-0010523
Key People
Venu Garg Whole-Time Director Aditya Garg Director Prateek Garg Director

Recognitions & Rankings of Progressive Infotech

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-UP-28-0010523

Contact details

Progressive Infotech Private Limited's registered office is in Delhi, Delhi. Its website is progressive.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    progressive.in
  • Registered Address
    Flat No. 40A Pocket – D, Sfs Flats Mayur Vihar Phase – III, Delhi, India – 110096
  • Industry
    Information Technology, Cloud Computing & Cloud Services, IT Infrastructure Management & Services

To see the full contact details of Progressive Infotech Private Limited, buy the company report.

Comprehensive company report
Progressive Infotech Private Limited - 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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Secure checkout · GST invoice included

Brands

Progressive Infotech operates one associated brand: Workelevate. Each brand links to its own profile.

BrandDescriptionWebsite
Workelevate
AI-powered platform for IT support, automation, and endpoint management services.workelevate.com

Business activity

The main business activity of Progressive Infotech is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Progressive Infotech Private Limited, buy the company report.

Financials of Progressive Infotech Private Limited

FY 2025 filings available

Progressive Infotech Private Limited reported revenue of ₹6.75 Cr (down 88% YoY) for FY 2025.

Revenue · FY 2025
₹6.75 Cr ▼ 88%
Net loss · FY 2025
₹1.41 Cr margin -20.9%
EBITDA · FY 2025
₹1.44 Lakh margin 0.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 88%
3 years · compounded
▼ 63%
5 years · compounded
▼ 42%
EBITDA CAGR growth
1 year
▼ 100%
3 years · compounded
▼ 89%
5 years · compounded
▼ 69%

Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 88% fall in the latest year. EBITDA fell 100% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.44 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.41 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin0.2%
Net Profit Margin-20.9%
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 Infotech Private Limited, buy the company report.

Board of directors of Progressive Infotech Private Limited

Progressive Infotech has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aditya Garg
Also directs: Zarthi Private Limited
Director29 May 20206 Years 5 MonthsCurrent
Prateek Garg
Also directs: Progressive Techserve Private Limited, Zarthi Private Limited
Director01 Jan 199828 Years 10 MonthsCurrent
Venu Garg
Also directs: Progressive Techserve Private Limited
Whole-Time Director01 Mar 201313 Years 8 MonthsCurrent
View all directors

Auditor

Progressive Infotech Private Limited is audited by BRIJESH MATHUR & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BRIJESH MATHUR & ASSOCIATESFY 2023022164N

Shareholding

The shareholding of Progressive Infotech Private Limited 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 Infotech Private Limited, buy the company report.

Charges & borrowings

Open charges
₹13.65 Cr
Satisfied charges
₹32.23 Cr
Breakdown by lending institutions
Others₹11.92 Cr
Hdfc Bank Limited₹1.73 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Aug 2025101154939Hdfc Bank Limited₹25 LakhOpen
17 Jan 2025101032917Hdfc Bank Limited₹40 LakhOpen
31 Jan 2024100858871Hdfc Bank Limited₹18 LakhOpen
21 Nov 2023100822474Hdfc Bank Limited₹20 LakhOpen
14 Jul 2021100468099Hdfc Bank Limited₹70 LakhOpen

To see the full charge records of Progressive Infotech Private Limited, buy the company report.

Total charge records: 20 View all charges

Deals & funding

Progressive Infotech Private Limited has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.5 Lakh; the latest was in March 2017.

Total deals
10
Secondary share transfers
8
Rights issue
1
Funding round
1
Disclosed funding
₹10.5 Lakh

Deals on record (5 of 10)

WhenDealAmountParties
Mar 2017Secondary share transferUndisclosedSeller: an individual
Dec 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Nov 2013Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jul 2013Secondary share transferUndisclosedSeller: an individual

To see the full deal history of Progressive Infotech Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Progressive Infotech Private Limited was last rated by Crisil on 31 Oct 2019.

Rating agencyRated onRating
Crisil31 Oct 2019

To see the full credit ratings and regulatory alerts of Progressive Infotech Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Progressive Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Progressive Infotech Private Limited has a workforce of 690 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
690
Active EPFO establishments
1
Employee growth
-13.97%

GST

Progressive Infotech has 15 GST registrations: 1 active and 14 cancelled or inactive.

Total GSTINs
15
Active
1
Cancelled / inactive
14
GSTINStateStatusRegistered on
09AAACP9069R1ZFUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Progressive Infotech Private Limited, buy the company report.

Recent activity

Progressive Infotech Private Limited has 11 board changes on record since 1998: 3 appointments and 8 cessations. The latest: Madanmohan Raman Nair Thevarkalathil ceased to be Director on 15 Sep 2024.

AGM
Progressive Infotech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101154939 was registered on 30 Aug 2025.
Filing
Progressive Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others of Rs. 6.00 Cr registered on 12 Feb 2018 with Charge ID 100154293 was modified on 26 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 101032917 was registered on 17 Jan 2025.
Ceased
Madanmohan Raman Nair Thevarkalathil ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100858871 was registered on 31 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100822474 was registered on 21 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100468099 was registered on 14 Jul 2021.
Charges
A charge registered on 15 Jan 2016 via Charge ID 100042632 with Hdfc Bank Limited was fully satisfied on 19 Jan 2021.
Charges
A charge registered on 31 Dec 2015 via Charge ID 100020973 with Others was fully satisfied on 18 Jan 2021.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100409839 was registered on 28 Aug 2020.

44 earlier events are in the company report.

News

Frequently asked questions

Progressive Infotech is an active private limited company based in Delhi, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 01 January 1998 (28+ years old) and is registered under CIN U51909DL1998PTC091465.

Progressive Infotech has 3 current directors:

The latest financial statements of Progressive Infotech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Progressive Infotech is 09AAACP9069R1ZF, registered in Uttar Pradesh. The company has 15 GST registrations in all, of which 1 is active and 14 are cancelled or inactive.

The CIN (Corporate Identification Number) of Progressive Infotech is U51909DL1998PTC091465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Progressive Infotech has 42 court cases on record: 30 filed by the company and 12 filed against it. 5 are pending. Most are in the district courts.

Progressive Infotech was incorporated on 01 January 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.

Progressive Infotech has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.5 Lakh; the latest was in March 2017.

Madanmohan Raman Nair Thevarkalathil ceased to be Director on 15 Sep 2024. Aditya Garg ceased to be Additional Director on 01 Jun 2020. Aditya Garg was appointed as Director on 29 May 2020. Progressive Infotech has 11 board changes on record in total.

Yes, Progressive Infotech is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-28-0010523).