About Progressive Timber Private Limited
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Progressive Timber Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 03 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51431MH2008PTC187258. Its GSTIN is 27AAECP8357L1ZS (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10,000. It is led by directors including Yunus Kalimuddin Baluwala (Managing Director) and Michael Yunus Baluwala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No: 5 Mahim Rati Bunder Opp: Mahim Bus Depot Causeway Mahim, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.61 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹33.56 Lakh (net margin 3.2%) and EBITDA of ₹61.7 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 13 cases involving the company, including 13 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressivetimber.in.
Company details
Contact details
Progressive Timber Private Limited's registered office is in Mumbai, Maharashtra. Its website is progressivetimber.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No: 5 Mahim Rati Bunder Opp: Mahim Bus Depot Causeway Mahim, Mumbai, Maharashtra, India – 400016
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Progressive Timber Private Limited, 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
Business activity
The main business activity of Progressive Timber is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Progressive Timber Private Limited, buy the company report.
Financials of Progressive Timber Private Limited
FY 2024 filings availableProgressive Timber Private Limited reported revenue of ₹10.61 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 38% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹61.7 Lakh | ||||
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| Net Profit (PAT) | ₹33.56 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of Progressive Timber Private Limited, buy the company report.
Board of directors of Progressive Timber Private Limited
Progressive Timber 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 |
|---|---|---|---|---|
| Michael Yunus Baluwala | Director | 03 Oct 2008 | 18 Years 0 Months | Current |
| Abbas Yakub Baluwala | Director | 03 Oct 2008 | 18 Years 0 Months | Current |
| Yunus Kalimuddin Baluwala | Managing Director | 03 Oct 2008 | 18 Years 0 Months | Current |
Auditor
Progressive Timber Private Limited is audited by SURESH HEGDE AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH HEGDE AND CO | FY 2023 | 125795W |
Shareholding
The shareholding of Progressive Timber 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Timber Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2009 | 10144906 | Dena Bank | ₹1 Cr | Open |
To see the full charge records of Progressive Timber Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Progressive Timber Private Limited has 13 court cases on record: 13 filed by Progressive Timber. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 3 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Pingle Builders P Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Blackstone Infra Projects Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Expert Enterprises and Ors and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Bail application | Filed by the company against an individual | Disposed |
To see the full case history of Progressive Timber Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Timber Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Timber has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP8357L1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Timber Private Limited, buy the company report.
Recent activity
Progressive Timber Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Ishak Kalimuddin Baluwala ceased to be Director on 30 Oct 2013.
Frequently asked questions
Progressive Timber is an active private limited company based in Mumbai, Maharashtra, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 03 October 2008 (18+ years old) and is registered under CIN U51431MH2008PTC187258.
Progressive Timber has 3 current directors:
- Yunus Kalimuddin Baluwala - Managing Director
- Michael Yunus Baluwala - Director
- Abbas Yakub Baluwala - Director
The latest financial statements of Progressive Timber on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Timber is 27AAECP8357L1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progressive Timber is U51431MH2008PTC187258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Timber has 13 court cases on record: 13 filed by the company. 3 are pending.
Progressive Timber was incorporated on 03 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Ishak Kalimuddin Baluwala ceased to be Director on 30 Oct 2013. Abbas Yakub Baluwala was appointed as Director on 03 Oct 2008. Michael Yunus Baluwala was appointed as Director on 03 Oct 2008. Progressive Timber has 4 board changes on record in total.
Progressive Timber can be reached through the website progressivetimber.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Progressive Timber is at Plot No: 5 Mahim Rati Bunder Opp: Mahim Bus Depot Causeway Mahim, Mumbai, Maharashtra, India – 400016.