About Prime Progression Export and Services Private Limited
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Prime Progression Export and Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2005PTC036595. Its GSTIN is 29AADCP6052B1ZM (Karnataka).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.2 Cr. It is led by directors Kizhakepat Achuthan Menon (Managing Director) and Neena Menon.
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 No.323 Amulya Mansion 8th Main 2nd Cross Beml Layout Kundalahalli Main Road, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.63 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹63,000 (net margin -38.7%) and EBITDA of -₹63,000 (EBITDA margin -38.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 80% over five years.
The company has about 149 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹34.57 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primeprogression.in.
Company details
Contact details
Prime Progression Export and Services Private Limited's registered office is in Bangalore, Karnataka. Its website is primeprogression.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.323 Amulya Mansion 8th Main 2nd Cross Beml Layout Kundalahalli Main Road, Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Prime Progression Export and Services 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
Financials of Prime Progression Export and Services Private Limited
FY 2025 filings availablePrime Progression Export and Services Private Limited reported revenue of ₹1.63 Lakh (down 91% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 91% fall in the latest year. EBITDA fell 273% 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
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| EBITDA | -₹63,000 | ||||
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| Net Profit (PAT) | -₹63,000 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -38.7% | ||||
| Net Profit Margin | -38.7% | ||||
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To see the full financial statements and ratios of Prime Progression Export and Services Private Limited, buy the company report.
Board of directors of Prime Progression Export and Services Private Limited
Prime Progression Export and Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kizhakepat Achuthan Menon | Managing Director | 21 Jun 2005 | 21 Years 4 Months | Current |
| Neena Menon Also directs: Prime Progression Trading Services Private Limited | Director | 21 Jun 2005 | 21 Years 4 Months | Current |
Peer comparison
Prime Progression Export and Services Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rugain Finance Private Limited | ₹1.64 Lakh (FY 2021) | -86.0% | Jabalpur, Madhya Pradesh, India | |||
| Karuna Dealtrade Private Limited | ₹1.64 Lakh (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Sonwanes Nidhi Limited | ₹1.64 Lakh (FY 2021) | -74.0% | Mumbai, Maharashtra, India | |||
| Mansata Finance and Leasing Limited | ₹1.63 Lakh (FY 2024) | -37.0% | Narsinghpur, Madhya Pradesh, India | |||
| Prime Progression Export and Services Private Limitedthis company | ₹1.63 Lakh (FY 2022) | -₹63,000 | -38.7% | -91.0% | Bangalore, Karnataka, India | |
| Triton Distributors Pvt Ltd | ₹1.63 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Surasundari Consulting Private Limited | ₹1.63 Lakh (FY 2025) | -41.0% | Ratlam, Madhya Pradesh, India | |||
| Neon Marketing Pvt Ltd | ₹1.63 Lakh (FY 2025) | 502.0% | Kolkata, West Bengal, India | |||
| Visible Chits (Maharashtra) Private Limited | ₹1.63 Lakh (FY 2025) | 2400.0% | Thane, Maharashtra, India | |||
| Jpatel Consultancy Private Limited | ₹1.62 Lakh (FY 2025) | -41.0% | Ahmedabad, Gujarat, India | |||
| Ledgerfin Services India Private Limited | ₹1.62 Lakh (FY 2022) | -90.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Prime Progression Export and Services Private Limited, buy the company report.
Auditor
Prime Progression Export and Services Private Limited is audited by R V K S AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R V K S AND ASSOCIATES | FY 2021 | 008572S |
Shareholding
The shareholding of Prime Progression Export and Services Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prime Progression Export and Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2014 | 10523865 | Axis Bank Limited | ₹7.65 Lakh | Satisfied | |
| 15 Jul 2013 | 10442306 | Axis Bank Limited | ₹14.8 Cr | Satisfied | |
| 01 Oct 2011 | 10317384 | Canara Bank | ₹2.86 Lakh | Satisfied | |
| 02 Jul 2010 | 10233807 | Canara Bank | ₹19.34 Cr | Satisfied | |
| 29 May 2010 | 10233808 | Canara Bank. | ₹32.65 Lakh | Satisfied |
To see the full charge records of Prime Progression Export and Services Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Prime Progression Export and Services Private Limited 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 Prime Progression Export and Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prime Progression Export and Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP6052B1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prime Progression Export and Services Private Limited, buy the company report.
Recent activity
Prime Progression Export and Services Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Sruthika Menon ceased to be Director on 13 Feb 2012.
6 earlier events are in the company report.
Frequently asked questions
Prime Progression Export and Services is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 June 2005 (21+ years old) and is registered under CIN U51909KA2005PTC036595.
Prime Progression Export and Services has 2 current directors:
- Kizhakepat Achuthan Menon - Managing Director
- Neena Menon - Director
The latest financial statements of Prime Progression Export and Services 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 Prime Progression Export and Services is 29AADCP6052B1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Prime Progression Export and Services is U51909KA2005PTC036595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Progression Export and Services was incorporated on 21 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Prime Progression Export and Services by revenue are Rugain Finance Private Limited, Karuna Dealtrade Private Limited, Sonwanes Nidhi Limited, Mansata Finance and Leasing Limited, Triton Distributors Pvt Ltd and 5 more, all in the BFSI industry (Other Financial Services).
Sruthika Menon ceased to be Director on 13 Feb 2012. Kizhakepat Achuthan Menon was appointed as Managing Director on 21 Jun 2005. Neena Menon was appointed as Director on 21 Jun 2005.
Prime Progression Export and Services can be reached through the website primeprogression.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Prime Progression Export and Services is at No.323 Amulya Mansion 8th Main 2nd Cross Beml Layout Kundalahalli Main Road, Bangalore, Karnataka, India – 560066.
Prime Progression Export and Services operates in the financial services industry, in the diversified financial services segment.