About Progress Life Sciences Private Limited
Data last updated:
Progress Life Sciences Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 08 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC257867. Its GSTIN is 27AAHCP8409J1Z0 (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹1.11 Lakh. It is led by directors including Balasaheb Laxman Nikam and Laxman Dagadu Nikam.
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 Plot No.17 And 18 Office No. 225 Platinum Techno Park Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400703.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.83 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹74.11 Lakh (net margin 2.7%) and EBITDA of ₹1.98 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 58% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Progress Life Sciences. As per MCA filings, the company has open charges of ₹10.27 Cr and satisfied charges of ₹2.25 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 progresslifesciences.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.17 And 18 Office No. 225 Platinum Techno Park Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryPharma, API Manufacturers
- 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
Business Activity of Progress Life Sciences Private Limited
The main business activity of Progress Life Sciences is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Progress Life Sciences Private Limited FY 2025 filings available
Progress Life Sciences Private Limited reported revenue of ₹27.83 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progress Life Sciences Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 1% growth in the latest year. EBITDA rose 25% 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 of Progress Life Sciences Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹1.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹74.11 Lakh | •••• | •••• | •••• | •••• |
| 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 Progress Life Sciences Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Progress Life Sciences are in the company report.
Financial statements from 2015
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 Progress Life Sciences Private Limited
Progress Life Sciences Private Limited is compared with the companies closest to it by revenue in the Pharma industry (API Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Livmore Life Sciences Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Surya Remedies Private Limited | •••• | •••• | •••• | •••• | 43 | Ankleshwar, Gujarat, India |
| Pranami Drugs Private Limited | •••• | •••• | •••• | •••• | - | Ankleshwar, Gujarat, India |
| Parmax Pharma Limited Listed | •••• | •••• | •••• | •••• | - | Hadamtala, Gujarat, India |
| Aresko Life Sciences Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Progress Life Sciences Private Limited this company | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Nandu Chemicals Private Limited | •••• | •••• | •••• | •••• | 34 | Hubli, Karnataka, India |
| Enzal Chemicals (India) Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Altra Pharma-Chem Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Strides Chemicals Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| BNM Organics Private Limited | •••• | •••• | •••• | •••• | 16 | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Progress Life Sciences by revenue in the Pharma industry (API Manufacturers), 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 Progress Life Sciences Private Limited
Progress Life Sciences Private Limited is audited by V C A N & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V C A N & Associates LLP | 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 Progress Life Sciences Private Limited
Progress Life Sciences has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasaheb Laxman Nikam | Director | 08 Sep 2014 | 12 Years 0 Months | Current |
| Laxman Dagadu Nikam | Director | 22 Sep 2023 | 3 Years 0 Months | Current |
| Ashutosh Kedarnath Pandey | Director | 25 Jul 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Progress Life Sciences 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 Progress Life Sciences Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2024 | Others | ₹5.87 Cr | Open |
| 22 Jun 2024 | Others | ₹4 Cr | Open |
| 21 Jul 2022 | Axis Bank Limited | ₹40 Lakh | Open |
| 18 Feb 2022 | Axis Bank Limited | ₹2.25 Cr | Satisfied |
Total charge records: 4 View all charges
Associated Brands with Progress Life Sciences Private Limited
Progress Life Sciences operates one associated brand: Progress Life Sciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture and export of pharmaceutical APIs, intermediates, and related life science products. | progresslifesciences.com |
Employees and EPFO Compliance at Progress Life Sciences Private Limited
Progress Life Sciences Private Limited has a workforce of 16 employees as of Apr 04, 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 Progress Life Sciences Private Limited
Progress Life Sciences Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Laxman Dagadu Nikam was appointed as Director on 22 Sep 2023.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progress Life Sciences 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 Progress Life Sciences 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 Progress Life Sciences 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 Progress Life Sciences Private Limited
Progress Life Sciences has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP8409J1Z0 | Maharashtra | Active | 23 Feb 2018 |
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 Progress Life Sciences 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 Progress Life Sciences Private Limited
Progress Life Sciences is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 08 September 2014 (12+ years old) and is registered under CIN U74999MH2014PTC257867.
Progress Life Sciences reported revenue of ₹27.83 Cr for FY 2025 (up 1% YoY).
Progress Life Sciences has 3 current directors:
- Balasaheb Laxman Nikam - Director
- Laxman Dagadu Nikam - Director
- Ashutosh Kedarnath Pandey - Director
Progress Life Sciences reported a net profit of ₹74.11 Lakh (net margin 2.7%) and EBITDA of ₹1.98 Cr (EBITDA margin 7.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progress Life Sciences is 27% over three years and 58% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progress Life Sciences is 27AAHCP8409J1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progress Life Sciences is U74999MH2014PTC257867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progress Life Sciences was incorporated on 08 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progress Life Sciences by revenue are Livmore Life Sciences Private Limited, Surya Remedies Private Limited, Pranami Drugs Private Limited, Parmax Pharma Limited, Aresko Life Sciences Private Limited and 5 more, all in the Pharma industry (API Manufacturers).
Laxman Dagadu Nikam was appointed as Director on 22 Sep 2023. Ashutosh Kedarnath Pandey was appointed as Director on 25 Jul 2023. Laxman Dagadu Nikam ceased to be Additional Director on 30 Sep 2019. Progress Life Sciences has 5 board changes on record in total.
Progress Life Sciences can be reached through the website progresslifesciences.com. Its registered office is in Navi Mumbai, Maharashtra, India.