About Progress-Biosciences Private Limited
Data last updated:
Progress-Biosciences Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 26 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24299MH2021PTC366393.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Balasaheb Laxman Nikam and Ashutosh Kedarnath Pandey.
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 224 Platinum Technopark, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.25 Lakh. For the same year it recorded a net profit of ₹69,755 (net margin 55.8%) and EBITDA of ₹94,266 (EBITDA margin 75.4%).
For more details, the company can be reached via its website progresslifesciences.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No. 224 Platinum Technopark Plot Number 17 & 18, Sector No. 30A Vashi, Thane, Maharashtra, India – 400703
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
Financials of Progress-Biosciences Private Limited FY 2025 filings available
Progress-Biosciences Private Limited reported revenue of ₹1.25 Lakh for FY 2025.
Financial Statement Summary of Progress-Biosciences Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹94,266 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹69,755 | •••• | •••• | •••• |
| 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-Biosciences Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 75.4% | •••• | •••• | •••• |
| Net Profit Margin | 55.8% | •••• | •••• | •••• |
| 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-Biosciences are in the company report.
Financial statements from FY 2022
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-Biosciences Private Limited
Progress-Biosciences Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jaglan Fuelent Private Limited | •••• | •••• | •••• | •••• | - | Panipat, Haryana, India |
| Pentacles Innovative Private Limited | •••• | •••• | •••• | •••• | - | Jalna, Maharashtra, India |
| Colpen Products Pvt Ltd | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Bark Estates Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Indian Industrial Plastics and Petrochems Private Limited | •••• | •••• | •••• | •••• | - | Baroda, Gujarat, India |
| Progress-Biosciences Private Limited this company | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| MSK Powertech Private Limited | •••• | •••• | •••• | •••• | - | Etawah, Uttar Pradesh, India |
| Jitendra Vyapaar Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Proximate Health Sciences Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Doon Realcon Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Asb Auto Engineering Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Progress-Biosciences by revenue in the Chemicals industry (Chemical Retail and Distribution), 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-Biosciences Private Limited
Progress-Biosciences 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-Biosciences Private Limited
Progress-Biosciences 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 |
|---|---|---|---|---|
| Balasaheb Laxman Nikam | Director | 26 Aug 2021 | 5 Years 1 Months | Current |
| Ashutosh Kedarnath Pandey | Director | 25 Jul 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Progress-Biosciences 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-Biosciences Private Limited
Progress-Biosciences Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progress-Biosciences Private Limited
Progress-Biosciences Private Limited has a workforce of 0 employees as of Apr 10, 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-Biosciences Private Limited
Progress-Biosciences Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Ashutosh Kedarnath Pandey was appointed as Director on 25 Jul 2023.
Credit Ratings, Litigation & Regulatory Alerts for Progress-Biosciences 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-Biosciences 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-Biosciences 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-Biosciences Private Limited
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-Biosciences 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-Biosciences Private Limited
Progress-Biosciences is an active private limited company based in Thane, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 26 August 2021 (5+ years old) and is registered under CIN U24299MH2021PTC366393.
Progress-Biosciences reported revenue of ₹1.25 Lakh for FY 2025.
Progress-Biosciences has 2 current directors:
- Balasaheb Laxman Nikam - Director
- Ashutosh Kedarnath Pandey - Director
Progress-Biosciences reported a net profit of ₹69,755 (net margin 55.8%) and EBITDA of ₹94,266 (EBITDA margin 75.4%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Progress-Biosciences is U24299MH2021PTC366393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progress-Biosciences was incorporated on 26 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progress-Biosciences by revenue are Jaglan Fuelent Private Limited, Pentacles Innovative Private Limited, Colpen Products Pvt Ltd, Bark Estates Private Limited, Indian Industrial Plastics and Petrochems Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Ashutosh Kedarnath Pandey was appointed as Director on 25 Jul 2023. Laxman Dagadu Nikam ceased to be Director on 25 Jul 2023. Laxman Dagadu Nikam was appointed as Director on 30 Dec 2021. Progress-Biosciences has 4 board changes on record in total.
Progress-Biosciences can be reached through the website progresslifesciences.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Progress-Biosciences is at Office No. 224 Platinum Technopark Plot Number 17 & 18, Sector No. 30A Vashi, Thane, Maharashtra, India – 400703.
Progress-Biosciences has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh.