Progressive Agrotech Private Limited
About Progressive Agrotech Private Limited
Data last updated:
Progressive Agrotech Private Limited was a private limited company based in Raipur, Chhattisgarh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 15 July 2008.
The company was registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U15310CT2008PTC020753.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors Mahendra Kumar Shrishrimal and Sumit Shrishrimal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at Shanti Sada – 1 Maidan Path Choubey Colony, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2015, the company reported a revenue of ₹11.82 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹98,552 (net margin 0.1%) and EBITDA of ₹1.4 Cr (EBITDA margin 11.9%).
Company details
Contact details
Progressive Agrotech Private Limited's registered office is in Raipur, Chhattisgarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShanti Sada – 1 Maidan Path Choubey Colony, Raipur, Chhattisgarh, India – 492001
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Progressive Agrotech 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
Business activity
The main business activity of Progressive Agrotech is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Progressive Agrotech Private Limited, buy the company report.
Financials of Progressive Agrotech Private Limited
FY 2015 filings availableProgressive Agrotech Private Limited reported revenue of ₹11.82 Cr (down 57% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 57% in the latest year. EBITDA rose 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹11.82 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹1.4 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹98,552 |
| 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 11.9% |
| Net Profit Margin | 0.1% |
| 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 | |
To see the full financial statements and ratios of Progressive Agrotech Private Limited, buy the company report.
Board of directors of Progressive Agrotech Private Limited
Progressive Agrotech has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kumar Shrishrimal Also directs: Progressive Exim Limited | Director | 10 Jun 2018 | 8 Years 4 Months | As last reported |
| Sumit Shrishrimal Also directs: As Nutra Tech Private Limited, Red Power Private Limited | Additional Director | 01 Dec 2011 | 14 Years 10 Months | As last reported |
Peer comparison
Progressive Agrotech Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Starrh Almond King Private Limited | ₹11.84 Cr (FY 2020) | -42.0% | Kuchipudi, Andhra Pradesh, India | |||
| Regency Rent-A-Cab Private Limited | ₹11.82 Cr (FY 2024) | 44.0% | Surat, Gujarat, India | |||
| Progressive Agrotech Private Limitedthis company | ₹11.82 Cr (FY 2015) | ₹98,552 | 0.1% | -57.0% | Raipur, Chhattisgarh, India | |
| League Foods Private Limited | ₹11.82 Cr (FY 2025) | 25.0% | Bhiwandi, Maharashtra, India | |||
| Veer Vardhman Textile Mills Limited | ₹11.82 Cr (FY 2025) | -19.0% | Delhi, India | |||
| S. R. Data Services Private Limited | ₹11.81 Cr (FY 2025) | -55.0% | Kolkata, West Bengal, India | |||
| Kendid Sales and Marketing Private Limited | ₹11.79 Cr (FY 2024) | -2.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Progressive Agrotech Private Limited, buy the company report.
Auditor
Progressive Agrotech Private Limited is audited by ADB & COMPANY for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADB & COMPANY | FY 2015 | 005593C |
Shareholding
The shareholding of Progressive Agrotech Private Limited is on record for 2 financial years, the latest being FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 | FY 2014 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Progressive Agrotech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progressive Agrotech 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 Progressive Agrotech Private 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 Progressive Agrotech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progressive Agrotech Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Kusum Devi Shrishrimal ceased to be Director on 20 Jun 2018.
Frequently asked questions
Progressive Agrotech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Progressive Agrotech was a private limited company based in Raipur, Chhattisgarh, India. The company worked in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 15 July 2008 and is registered under CIN U15310CT2008PTC020753. The company has been struck off by the Registrar of Companies and is no longer operational.
Progressive Agrotech had 2 directors:
- Mahendra Kumar Shrishrimal - Director
- Sumit Shrishrimal - Additional Director
The CIN (Corporate Identification Number) of Progressive Agrotech is U15310CT2008PTC020753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Progressive Agrotech is at Shanti Sada – 1 Maidan Path Choubey Colony, Raipur, Chhattisgarh, India – 492001.
Progressive Agrotech was incorporated on 15 July 2008. It is registered with the Registrar of Companies, Chhattisgarh.
The latest financial statements of Progressive Agrotech on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
Progressive Agrotech operated in the food and beverages industry, in the food and beverage retail and distribution segment. It worked in this industry before it was struck off.
The peers of Progressive Agrotech by revenue are Starrh Almond King Private Limited, Regency Rent-A-Cab Private Limited, League Foods Private Limited, Veer Vardhman Textile Mills Limited, S. R. Data Services Private Limited and 1 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Kusum Devi Shrishrimal ceased to be Director on 20 Jun 2018. Mahendra Kumar Shrishrimal was appointed as Director on 10 Jun 2018. Sumit Shrishrimal was appointed as Additional Director on 01 Dec 2011. Progressive Agrotech has 6 board changes on record in total.
Progressive Agrotech can be reached at its registered office: Shanti Sada – 1 Maidan Path Choubey Colony, Raipur, Chhattisgarh, India – 492001.