MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-JH-22-0003077
Progressive Automotives Private Limited - automotive in Jamshedpur, Jharkhand, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.54 Cr
▲ 42% YoY
Net profit · FY 2025
₹8.59 Lakh
Net margin 3.4%
EBITDA · FY 2025
₹32.78 Lakh
EBITDA margin 12.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.78 Cr
Issued & subscribed
Open charges
₹50 Lakh
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
6
Provident fund records
About Progressive Automotives Private Limited
Data last updated:
Progressive Automotives Private Limited is a private limited company based in Jamshedpur, Jharkhand, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 16 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U29253JH2009PTC013621. Its GSTIN is 20AAGCP3273M1ZD (Jharkhand).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.78 Cr. It is led by directors Pranab Dutta and Sarat Chandra Dutta.
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 11 7th Phase Prakash Industrial Park, Jamshedpur, Jharkhand.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.54 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹8.59 Lakh (net margin 3.4%) and EBITDA of ₹32.78 Lakh (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Progressive Automotives. As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
Progressive Automotives Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-JH-22-0003077). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website peco.co.in.
Company details
CIN U29253JH2009PTC013621
Registration Number 013621
Incorporation Date 16 June 2009
ROC Ranchi
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 Micro
Udyam Registration UDYAM-JH-22-0003077
Recognitions & Rankings of Progressive Automotives
Contact details
Progressive Automotives Private Limited's registered office is in Jamshedpur, Jharkhand. Its website is peco.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No – 08 Opposite Rsb – 11 7th Phase Prakash Industrial Park Adityapur Sera, Ikela, Jamshedpur, Jharkhand, India – 832109
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Progressive Automotives Private Limited, buy the company report.
Comprehensive company report
Progressive Automotives 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 Automotives operates one associated brand: Progressive Automotives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of automotive switches and accessories in India. | peco.co.in |
Business activity
The main business activity of Progressive Automotives is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Progressive Automotives Private Limited, buy the company report.
Financials of Progressive Automotives Private Limited
FY 2025 filings availableProgressive Automotives Private Limited reported revenue of ₹2.54 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹2.54 Cr ▲ 42%
Net profit · FY 2025
₹8.59 Lakh margin 3.4%
EBITDA · FY 2025
₹32.78 Lakh margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 4%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 81%
3 years · compounded
▲ 21%
5 years · compounded
▼ 11%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 42% growth in the latest year. EBITDA rose 81% 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
| 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 | ₹32.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.59 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Progressive Automotives Private Limited, buy the company report.
Board of directors of Progressive Automotives Private Limited
Progressive Automotives has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranab Dutta Also directs: Jubile Engineering Private Limited | Director | 16 Jun 2009 | 17 Years 4 Months | Current |
| Sarat Chandra Dutta | Director | 16 Jun 2009 | 17 Years 4 Months | Current |
Auditor
Progressive Automotives Private Limited is audited by I N & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I N & ASSOCIATES | FY 2022 | 078242 |
Shareholding
The shareholding of Progressive Automotives Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Automotives Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2021 | 100489230 | Others | ₹50 Lakh | Open |
To see the full charge records of Progressive Automotives Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Progressive Automotives Private Limited has 7 court cases on record: 4 filed by Progressive Automotives, 3 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by Om Logistics Limited | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by Pasupaty Springs Pvt Ltd | Disposed |
| High Court | Writ petition | Filed by the company against Regional Provident Fund Commissioner II Recovery and 2 others | Pending |
| High Court | Writ petition | Filed by the company against Regional Provident Fund Commissioner II Recovery and 2 others | Disposed |
| High Court, JHARKHAND | Writ petition | Filed by the company against Regional Provident Fund Commissioner II (Recovery) and 2 others | Disposed |
To see the full case history of Progressive Automotives Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Automotives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Automotives Private Limited has a workforce of 6 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
6
Active EPFO establishments
2
Employee growth
-33.33%
GST
Progressive Automotives has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AAGCP3273M1ZD | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Automotives Private Limited, buy the company report.
Recent activity
Progressive Automotives Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Pranab Dutta was appointed as Director on 16 Jun 2009.
AGM
Progressive Automotives Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Automotives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ranchi.
Charges
A charge with Others of Rs. 0.50 Cr registered on 29 Sep 2021 with Charge ID 100489230 was modified on 25 May 2022.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100489230 was registered on 29 Sep 2021.
Appointed
Pranab Dutta was appointed as Director.
Appointed
Sarat Chandra Dutta was appointed as Director.
Incorporation
16 Jun 2009
Progressive Automotives Private Limited was registered on 16 Jun 2009 with Roc Ranchi & aged 17 years 4 months as per MCA records.
Frequently asked questions
Progressive Automotives is an active private limited company based in Jamshedpur, Jharkhand, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 16 June 2009 (17+ years old) and is registered under CIN U29253JH2009PTC013621.
Progressive Automotives has 2 current directors:
- Pranab Dutta - Director
- Sarat Chandra Dutta - Director
The latest financial statements of Progressive Automotives 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 2015 are in the company report.
The GSTIN of Progressive Automotives is 20AAGCP3273M1ZD, registered in Jharkhand.
The CIN (Corporate Identification Number) of Progressive Automotives is U29253JH2009PTC013621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Automotives has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Progressive Automotives was incorporated on 16 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ranchi.
Pranab Dutta was appointed as Director on 16 Jun 2009. Sarat Chandra Dutta was appointed as Director on 16 Jun 2009.
Yes, Progressive Automotives is registered as a micro enterprise under Udyam registration (number: UDYAM-JH-22-0003077).
Progressive Automotives can be reached through the website peco.co.in. Its registered office is in Jamshedpur, Jharkhand, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages