Progressive Automobiles Private Limited

Progressive Automobiles Private Limited - automotive in Agartala, Tripura, India. FY 2026 financials & compliance.
CIN U66000TR2015PTC008449 Incorporated 03 August 2015 ROC Guwahati HQ Agartala, Tripura, India
Active Private Limited Company automotive MSME · Medium
Data last updated
Revenue · FY 2025
₹185.34 Cr
▲ 12% YoY
Net profit · FY 2025
₹2.33 Cr
Net margin 1.3%
EBITDA · FY 2025
₹7.75 Cr
EBITDA margin 4.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.4 Cr
Issued & subscribed
Open charges
₹46.29 Cr
Satisfied ₹43.04 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
219
Provident fund records

About Progressive Automobiles Private Limited

Data last updated:

Progressive Automobiles Private Limited is a private limited company based in Agartala, Tripura, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 03 August 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U66000TR2015PTC008449. Its GSTIN is 16AAICP2379N1ZT (Tripura). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Biplab Kumar Saha (Managing Director) and Dilip Kumar Saha.

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 Nagichara By Pass Road NH – 44, Agartala, Tripura, India – 799004.

As per the financials filed for FY 2025, the company reported a revenue of ₹185.34 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.33 Cr (net margin 1.3%) and EBITDA of ₹7.75 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 13% over five years.

The company has about 219 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Progressive Motors. As per MCA filings, the company has open charges of ₹46.29 Cr and satisfied charges of ₹43.04 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.

Progressive Automobiles Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TR-08-0001493). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressive.in.net.

Company details

CIN U66000TR2015PTC008449
Registration Number 008449
Incorporation Date 03 August 2015
ROC Guwahati
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TR-08-0001493

CIN history

Progressive Automobiles has one previous CIN (Corporate Identification Number): U50100TR2015PTC008449. The current CIN is U66000TR2015PTC008449, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U66000TR2015PTC008449Current
U50100TR2015PTC008449Previous
Key People
Biplab Kumar Saha Managing Director Dilip Kumar Saha Director Suparna Saha Director

Recognitions & Rankings of Progressive Automobiles

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-TR-08-0001493

Contact details

Progressive Automobiles Private Limited's registered office is in Agartala, Tripura. Its website is progressive.in.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    progressive.in.net
  • Registered Address
    Nagichara By Pass Road NH – 44, Agartala, Tripura, India – 799004
  • Industry
    Automotive, Auto Dealership & Trading

To see the full contact details of Progressive Automobiles Private Limited, buy the company report.

Comprehensive company report
Progressive Automobiles Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Progressive Automobiles operates one associated brand: Progressive Motors. Each brand links to its own profile.

BrandDescriptionWebsite
Progressive Motors
progressive.in.net

Business activity

The main business activity of Progressive Automobiles is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Progressive Automobiles Private Limited, buy the company report.

Financials of Progressive Automobiles Private Limited

FY 2025 filings available

Progressive Automobiles Private Limited reported revenue of ₹185.34 Cr (up 12% YoY) for FY 2025.

Revenue · FY 2025
₹185.34 Cr ▲ 12%
Net profit · FY 2025
₹2.33 Cr margin 1.3%
EBITDA · FY 2025
₹7.75 Cr margin 4.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 12%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 9%
5 years · compounded
▲ 8%

Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 12% growth in the latest year. EBITDA rose 23% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹7.75 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.33 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.2%
Net Profit Margin1.3%
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 Automobiles Private Limited, buy the company report.

Board of directors of Progressive Automobiles Private Limited

Progressive Automobiles has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Dilip Kumar Saha
Also directs: Progressive Motors and Equipment Private Limited, Progressive Gold and Jewellers Private Limited
Director03 Aug 201511 Years 3 MonthsCurrent
Suparna Saha
Also directs: Progressive Motors and Equipment Private Limited, Progressive Gold and Jewellers Private Limited
Director03 Aug 201511 Years 3 MonthsCurrent
Biplab Kumar Saha
Also directs: Progressive Motors and Equipment Private Limited, Progressive Gold and Jewellers Private Limited
Managing Director03 Aug 201511 Years 3 MonthsCurrent
View all directors

Peer comparison

Progressive Automobiles Private Limited is compared with the 8 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Apco Autosales Private Limited₹186.39 Cr (FY 2025)16.0%Rajkot, Gujarat, India
Vishwabharti Automobiles Private Limited₹186.18 Cr (FY 2025)19.0%Raipur, Chhattisgarh, India
Pandit Automotive Private Limited₹185.71 Cr (FY 2017)-61.0%Pune, Maharashtra, India
R.D. Computech and Agencies Private Limited₹185.56 Cr (FY 2025)13.0%Assam, India
Progressive Automobiles Private Limitedthis company₹185.34 Cr (FY 2025)₹2.33 Cr1.3%12.0%219Agartala, Tripura, India
Marina Motors (India) Private Limited₹185.33 Cr (FY 2025)-5.0%Kozhikode, Kerala, India
SS Motogen Private Limited₹185.14 Cr (FY 2025)-3.0%Ranchi, Jharkhand, India
Rudra Automart Private Limited₹184.1 Cr (FY 2025)15.0%Asansol, West Bengal, India
Bia Ventures Private Limited₹183.84 Cr (FY 2025)-13.0%Bangalore, Karnataka, India

To see the full peer comparison of Progressive Automobiles Private Limited, buy the company report.

Auditor

Progressive Automobiles Private Limited is audited by P.GAGGAR & ASSOCIATES for the financial year 2024.

Auditor firmFinancial yearFirm registration number
P.GAGGAR & ASSOCIATESFY 2024318074E

Shareholding

The shareholding of Progressive Automobiles Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Progressive Automobiles Private Limited, buy the company report.

Charges & borrowings

Open charges
₹46.29 Cr
Satisfied charges
₹43.04 Cr
Breakdown by lending institutions
State Bank of India₹32.50 Cr
Others₹13.79 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Jul 2024100948778Others₹5.09 CrOpen
16 Jun 2024100939276Others₹2.7 CrOpen
25 Sep 2020100379975State Bank of India₹32.5 CrOpen
10 Jan 2020100324743Others₹6 CrOpen
01 Jun 2020100341779State Bank of India₹11.64 CrSatisfied

To see the full charge records of Progressive Automobiles Private Limited, buy the company report.

Total charge records: 8 View all charges

Credit ratings & regulatory alerts

Progressive Automobiles Private Limited was last rated by Icra on 27 Jan 2022.

Rating agencyRated onRating
Icra27 Jan 2022

To see the full credit ratings and regulatory alerts of Progressive Automobiles Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Progressive Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Progressive Automobiles Private Limited has a workforce of 219 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
219
Active EPFO establishments
1
Employee growth
67.18%

GST

Progressive Automobiles has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
16AAICP2379N1ZTTripuraActive01 Jul 2017
16AAICP2379N2ZSTripuraActive01 Nov 2020

To see the full GST registrations and return filing status of Progressive Automobiles Private Limited, buy the company report.

Recent activity

Progressive Automobiles Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Biplab Kumar Saha was appointed as Managing Director on 03 Aug 2015.

AGM
Progressive Automobiles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Guwahati.
Charges
A charge with State Bank Of India of Rs. 32.50 Cr registered on 25 Sep 2020 with Charge ID 100379975 was modified on 30 Nov 2024.
Charges
A charge with Others amounted to Rs. 5.09 Cr with Charge ID 100948778 was registered on 08 Jul 2024.
Charges
A charge with Others amounted to Rs. 2.70 Cr with Charge ID 100939276 was registered on 16 Jun 2024.
Charges
A charge registered on 27 Dec 2017 via Charge ID 100150393 with Tata Capital Financial Services Limited was fully satisfied on 12 Sep 2022.
Charges
A charge registered on 01 Jun 2020 via Charge ID 100341779 with State Bank Of India was fully satisfied on 21 Feb 2022.
Charges
A charge registered on 27 Jan 2020 via Charge ID 100324739 with State Bank Of India was fully satisfied on 21 Feb 2022.
Charges
A charge registered on 05 Aug 2016 via Charge ID 100043990 with State Bank Of India was fully satisfied on 21 Feb 2022.
Charges
A charge with Others of Rs. 6.00 Cr registered on 10 Jan 2020 with Charge ID 100324743 was modified on 29 Nov 2021.
Charges
A charge with Tata Capital Financial Services Limited of Rs. 7.50 Cr registered on 27 Dec 2017 with Charge ID 100150393 was modified on 09 Feb 2021.
Charges
A charge with State Bank Of India amounted to Rs. 32.50 Cr with Charge ID 100379975 was registered on 25 Sep 2020.

10 earlier events are in the company report.

Frequently asked questions

Progressive Automobiles is an active private limited company based in Agartala, Tripura, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 03 August 2015 (11+ years old) and is registered under CIN U66000TR2015PTC008449.

Progressive Automobiles has 3 current directors:

The latest financial statements of Progressive Automobiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Progressive Automobiles is 16AAICP2379N1ZT, registered in Tripura. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 16AAICP2379N2ZS (Tripura).

The CIN (Corporate Identification Number) of Progressive Automobiles is U66000TR2015PTC008449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Progressive Automobiles has 2 court cases on record: 2 filed by the company.

Progressive Automobiles was incorporated on 03 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Guwahati.

The peers of Progressive Automobiles by revenue are Apco Autosales Private Limited, Vishwabharti Automobiles Private Limited, Pandit Automotive Private Limited, R.D. Computech and Agencies Private Limited, Marina Motors (India) Private Limited and 3 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).

Biplab Kumar Saha was appointed as Managing Director on 03 Aug 2015. Dilip Kumar Saha was appointed as Director on 03 Aug 2015. Suparna Saha was appointed as Director on 03 Aug 2015.

Yes, Progressive Automobiles is registered as a medium enterprise under Udyam registration (number: UDYAM-TR-08-0001493).

Progressive Automobiles can be reached through the website progressive.in.net. Its registered office is in Agartala, Tripura, India.