Progress Micro Credit Limited.
About Progress Micro Credit Limited.
Data last updated:
Progress Micro Credit Limited. is a public not for profit company based in Madhubani, Bihar, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 31 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U65992BR2013NPL020852.
The company has a paid-up capital of ₹1 Lakh. It was formerly known as Tory Micro Credit Limited and Villagesewa Micro Credit Limited. It is led by directors including Ajoy Das and Bikash Howlader.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Sadullahapur Town /Vill – Sadullahapur Anchal – Bisfi Distt: – Madhubani, Bihar, India – 847122.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Progress Micro Credit Limited has undergone 6 name changes throughout its history. The current legal name is Progress Micro Credit Limited..
| Company Name | Status |
|---|---|
| Progress Micro Credit Limited. | Current |
| Tory Micro Credit Limited | Previous |
| Villagesewa Micro Credit Limited | Previous |
| Bandhab Micro Credit Limited | Previous |
| Samadhan Micro Credit Limited | Previous |
| Samriddha Micro Credit Limited | Previous |
| Sanmeloni Micro Credit Limited | Previous |
Contact details
Progress Micro Credit Limited.'s registered office is in Madhubani, Bihar. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSadullahapur Town /Vill – Sadullahapur Anchal – Bisfi Distt: – Madhubani, Bihar, India – 847122
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Progress Micro Credit 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 Progress Micro Credit Limited.
FY 2016 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Progress Micro Credit Limited., buy the company report.
Board of directors of Progress Micro Credit Limited.
Progress Micro Credit Limited has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajoy Das | Director | 31 Jul 2013 | 13 Years 2 Months | Current |
| Bikash Howlader Also directs: Progress Vintrade Private Limited | Director | 31 Jul 2013 | 13 Years 2 Months | Current |
| Souvik Mistry Also directs: Progress Vintrade Private Limited | Director | 31 Jul 2013 | 13 Years 2 Months | Current |
| Suresh Kumar | Director | 20 Nov 2016 | 9 Years 11 Months | Current |
| Sanjay Kumar Srivastava | Director | 20 Nov 2016 | 9 Years 11 Months | Current |
| Murari Kumar Srivastava Also directs: Progress Producer Company Limited | Director | 20 Nov 2016 | 9 Years 11 Months | Current |
Auditor
Progress Micro Credit Limited. is audited by SHIV GOPAL GUPTA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIV GOPAL GUPTA & ASSOCIATES | FY 2016 | 010887C |
Shareholding
The shareholding of Progress Micro Credit Limited. is on record for FY 2016, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public |
To see the full shareholding pattern of Progress Micro Credit Limited., buy the company report.
Legal cases
No court or tribunal cases involving Progress Micro Credit 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 Progress Micro Credit Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Progress Micro Credit Limited.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progress Micro Credit Limited. has 7 board changes on record since 2013: 6 appointments and 1 cessation. The latest: Murari Kumar Srivastava ceased to be Director on 24 Mar 2018.
Frequently asked questions
Progress Micro Credit Limited is an active public not for profit company based in Madhubani, Bihar, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 31 July 2013 (13+ years old) and is registered under CIN U65992BR2013NPL020852.
Progress Micro Credit Limited has 6 current directors:
- Ajoy Das - Director
- Bikash Howlader - Director
- Souvik Mistry - Director
- Suresh Kumar - Director
- Sanjay Kumar Srivastava - Director
- Murari Kumar Srivastava - Director
The latest financial statements of Progress Micro Credit Limited on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Progress Micro Credit Limited is U65992BR2013NPL020852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progress Micro Credit Limited was incorporated on 31 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Patna.
Murari Kumar Srivastava ceased to be Director on 24 Mar 2018. Murari Kumar Srivastava was appointed as Director on 20 Nov 2016. Sanjay Kumar Srivastava was appointed as Director on 20 Nov 2016. Progress Micro Credit Limited has 7 board changes on record in total.
The registered office of Progress Micro Credit Limited is at Sadullahapur Town Vill – Sadullahapur Anchal – Bisfi Distt: – Madhubani, Bihar, India – 847122.
Progress Micro Credit Limited operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Progress Micro Credit Limited is active non-compliant as of 31 August 2026. The company is actively filing with the Registrar of Companies.
Yes. Progress Micro Credit Limited was formerly known as Tory Micro Credit Limited, Villagesewa Micro Credit Limited, Bandhab Micro Credit Limited, Samadhan Micro Credit Limited, Samriddha Micro Credit Limited (among others).