Progression Industries Private Limited
About Progression Industries Private Limited
Data last updated:
Progression Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hair care products segment of the FMCG sector. It was incorporated on 13 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24240MH2003PTC141092. Its GSTIN is 27AADCP5193R2ZK (Maharashtra). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Uraaz Bahl Santosh and Santosh Bahl Jagannath.
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 154 Maker Chamber III 15th Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.06 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹52.59 Lakh (net margin -10.4%) and EBITDA of -₹31.24 Lakh (EBITDA margin -6.2%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹3.24 Cr and satisfied charges of ₹8.69 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address154 Maker Chamber III 15th Floor Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFMCG, Hair Care Products
- 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 Progression Industries Private Limited
The main business activity of Progression Industries is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities | 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 Progression Industries Private Limited FY 2025 filings available
Progression Industries Private Limited reported revenue of ₹5.06 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progression Industries Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 7% fall in the latest year. EBITDA fell 140% 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 Progression Industries 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 | -₹31.24 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹52.59 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 Progression Industries Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.4% | •••• | •••• | •••• | •••• |
| 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 Progression Industries 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 Progression Industries Private Limited
Progression Industries Private Limited is compared with the companies closest to it by revenue in the FMCG industry (Hair Care). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Active Roots Private Limited | ₹6.7 Cr (FY 2017) | •••• | •••• | -57.0% | •••• | Pune, Maharashtra, India |
| B. Lab Private Limited | ₹6.16 Cr (FY 2016) | •••• | •••• | 41.0% | •••• | Mumbai, Maharashtra, India |
| Skinska Pharmaceutica Private Limited | ₹6.1 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Ashba Botanicals Private Limited | ₹5.82 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Follicular Technologies Private Limited | ₹5.55 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Progression Industries Private Limited this company | ₹5.06 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Aura Herbal Private Limited | ₹5.02 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Allen's India Ltd. | ₹4.86 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
| S R K Products Private Limited | ₹4.65 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Sahyadri Bio Labs Private Limited | ₹4.26 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Mumbai, Maharashtra, India |
| Shanmuga Hair Products (India) Private Limited | ₹3.86 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Progression Industries by revenue in the FMCG industry (Hair Care), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progression Industries Private Limited
Progression Industries Private Limited is audited by J L GANDHI & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J L GANDHI & ASSOCIATES | 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 Progression Industries Private Limited
Progression Industries has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uraaz Bahl Santosh Also directs: Dragon Consumer Products Private Limited, Light House Consumer Products LLP, Caroa Properties LLP and 4 more | Director | 01 Oct 2012 | 14 Years 0 Months | Current |
| Santosh Bahl Jagannath Also directs: Dragon Consumer Products Private Limited, Light House Consumer Products LLP, Excelsior Properties LLP and 3 more | Director | 14 Feb 2005 | 21 Years 7 Months | Current |
| Pramod Kishanchand Khanna | Director | 13 Jun 2003 | 23 Years 3 Months | Current |
Ownership and Shareholding of Progression Industries 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 Progression Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jul 2020 | Others | ₹17.93 Lakh | Open |
| 28 Oct 2016 | Others | ₹3.06 Cr | Open |
| 31 Jan 2014 | Axis Bank Limited | ₹2.9 Cr | Satisfied |
| 29 Mar 2012 | Axis Bank Limited | ₹3.9 Cr | Satisfied |
| 07 May 2005 | Axis Bank Limited | ₹1.89 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Progression Industries Private Limited
Progression Industries Private Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Srinagar, Jammu and Kashmir | Court case (Complaint) | Filed against the company by an individual | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Progression Industries Private Limited
Employment history and EPFO contributions of people linked to Progression Industries.
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 Progression Industries Private Limited
Progression Industries Private Limited has 3 board changes on record since 2003: 3 appointments. The latest: Uraaz Bahl Santosh was appointed as Director on 01 Oct 2012.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progression Industries 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 Progression Industries 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 Progression Industries 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 Progression Industries Private Limited
Progression Industries has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP5193R2ZK | Maharashtra | Active | 24 Aug 2017 |
| 02AADCP5193R3ZV | Himachal Pradesh | Active | 15 Jul 2017 |
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 Progression Industries 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 Progression Industries Private Limited
Progression Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in hair care products, within the FMCG industry. It was incorporated on 13 June 2003 (23+ years old) and is registered under CIN U24240MH2003PTC141092.
Progression Industries reported revenue of ₹5.06 Cr for FY 2025 (down 7% YoY).
Progression Industries has 3 current directors:
- Uraaz Bahl Santosh - Director
- Santosh Bahl Jagannath - Director
- Pramod Kishanchand Khanna - Director
Progression Industries reported a net loss of ₹52.59 Lakh (net margin -10.4%) and EBITDA of -₹31.24 Lakh (EBITDA margin -6.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progression Industries is -8% over three years and -4% over five years. In the latest year (FY 2025) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progression Industries is 27AADCP5193R2ZK, registered in Maharashtra. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 02AADCP5193R3ZV (Himachal Pradesh).
The CIN (Corporate Identification Number) of Progression Industries is U24240MH2003PTC141092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progression Industries has 1 court case on record: 1 filed against it. 1 is pending.
Progression Industries was incorporated on 13 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progression Industries by revenue are Active Roots Private Limited, B. Lab Private Limited, Skinska Pharmaceutica Private Limited, Ashba Botanicals Private Limited, Follicular Technologies Private Limited and 5 more, all in the FMCG industry (Hair Care).
Uraaz Bahl Santosh was appointed as Director on 01 Oct 2012. Santosh Bahl Jagannath was appointed as Director on 14 Feb 2005. Pramod Kishanchand Khanna was appointed as Director on 13 Jun 2003.