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Startup India
Progressive Cabs Private Limited
Progressive Cabs Private Limited - transportation in Delhi, India. Directors, charges & compliance details.
Revenue · FY 2025
₹1.14 Cr
▲ 27% YoY
Net profit · FY 2025
₹7.8 Lakh
Net margin 6.9%
EBITDA · FY 2025
₹28.19 Lakh
EBITDA margin 24.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹1.09 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Progressive Cabs Private Limited
Data last updated:
Progressive Cabs Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the transportation and logistics segment of the transportation sector. It was incorporated on 25 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63030DL2021PTC388926.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mitali Sharma and Mohit Sharma.
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 Unit No. 223 Sf Plot No. 21, Rrm Mangalam Place Sector – 3 Rohini, Delhi, India – 110085.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.14 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹7.8 Lakh (net margin 6.9%) and EBITDA of ₹28.19 Lakh (EBITDA margin 24.8%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
The company is associated with 1 brand: Progressive Tours and Travels. As per MCA filings, the company has open charges of ₹1.09 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 6 cases are pending.
Progressive Cabs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0012953).
Company details
CIN U63030DL2021PTC388926
Registration Number 388926
Incorporation Date 25 October 2021
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-01-0012953
Key People
Mitali Sharma Director Mohit Sharma Director Recognitions & Rankings of Progressive Cabs
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-01-0012953
Contact details
Progressive Cabs Private Limited's registered office is in Delhi, Delhi.
- Registered AddressUnit No. 223 Sf Plot No. 21, Rrm Mangalam Place Sector – 3 Rohini, Delhi, India – 110085
- IndustryTransportation, Transportation Services
Comprehensive company report
Progressive Cabs 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
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Brands
Progressive Cabs operates one associated brand: Progressive Tours and Travels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tour and travel services are provided in Delhi, focusing on North India tours and transport rentals. | progressivetourtravels.com |
Business activity
The main business activity of Progressive Cabs is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Progressive Cabs Private Limited, buy the company report.
Financials of Progressive Cabs Private Limited
FY 2025 filings availableProgressive Cabs Private Limited reported revenue of ₹1.14 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹1.14 Cr ▲ 27%
Net profit · FY 2025
₹7.8 Lakh margin 6.9%
EBITDA · FY 2025
₹28.19 Lakh margin 24.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 82%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 192%
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 27% growth in the latest year. EBITDA fell 15% 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 |
|---|---|---|---|---|
| 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 | ₹28.19 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹7.8 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 24.8% | |||
| Net Profit Margin | 6.9% | |||
| 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 Cabs Private Limited, buy the company report.
Board of directors of Progressive Cabs Private Limited
Progressive Cabs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitali Sharma Also directs: Progressive Holidays LLP | Director | 13 Dec 2023 | 2 Years 10 Months | Current |
| Mohit Sharma Also directs: Progressive Holidays LLP | Director | 25 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Progressive Cabs Private Limited is compared with the 6 companies closest to it by revenue in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Japnoor Travels Private Limited | ₹1.14 Cr (FY 2024) | 52.0% | Jalandhar, Punjab, India | |||
| Travsol Worldwide Private Limited | ₹1.14 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Skies Holidays Private Limited | ₹1.14 Cr (FY 2025) | 63.0% | New Delhi, Delhi, India | |||
| Artou Voyages Private Limited | ₹1.14 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| MP Holidays Private Limited | ₹1.14 Cr (FY 2025) | -50.0% | Metro Station Gate No.2, Delhi, India | |||
| Progressive Cabs Private Limitedthis company | ₹1.14 Cr (FY 2025) | ₹7.8 Lakh | 6.9% | 27.0% | Delhi, India | |
| Ohm Ecars Private Limited | ₹1.13 Cr (FY 2023) | 23.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Progressive Cabs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.09 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2025 | 101221072 | Hdfc Bank Limited | ₹32.15 Lakh | Open | |
| 24 Jan 2025 | 101054156 | Others | ₹77 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Progressive Cabs Private Limited has 8 court cases on record: 8 filed against it. 6 cases are pending and 2 are disposed.
Total cases
8
Filed against the company
8
Pending
6
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 6 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Bhadrak, Odisha | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Bhadrak, Odisha | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Bhadrak, Odisha | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Bhadrak, Odisha | Motor accident claim | Filed against the company by an individual | Pending |
To see the full case history of Progressive Cabs 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 Cabs 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 Cabs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progressive Cabs Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Mitali Sharma ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 32.15 Lakh with Charge ID 101221072 was registered on 13 Nov 2025.
AGM
Progressive Cabs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Cabs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Charges
A charge with Others amounted to Rs. 77.00 Lakh with Charge ID 101054156 was registered on 24 Jan 2025.
Ceased
Mitali Sharma ceased to be Additional Director.
Ceased
Anjana Sharma ceased to be Director.
Appointed
Mitali Sharma was appointed as Director.
Appointed
Mohit Sharma was appointed as Director.
Incorporation
25 Oct 2021
Progressive Cabs Private Limited was registered on 25 Oct 2021 with Roc Delhi Ii & aged 5 years 17 days as per MCA records.
Frequently asked questions
Progressive Cabs is an active private limited company based in Delhi, India. The company works in transportation services, within the transportation industry. It was incorporated on 25 October 2021 (5+ years old) and is registered under CIN U63030DL2021PTC388926.
Progressive Cabs has 2 current directors:
- Mitali Sharma - Director
- Mohit Sharma - Director
The latest financial statements of Progressive Cabs 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 2022 are in the company report.
The CIN (Corporate Identification Number) of Progressive Cabs is U63030DL2021PTC388926. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Cabs has 8 court cases on record: 8 filed against it. 6 are pending.
Progressive Cabs was incorporated on 25 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Progressive Cabs by revenue are Japnoor Travels Private Limited, Travsol Worldwide Private Limited, Skies Holidays Private Limited, Artou Voyages Private Limited, MP Holidays Private Limited and 1 more, all in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators).
Mitali Sharma ceased to be Additional Director on 29 Sep 2024. Anjana Sharma ceased to be Director on 12 Aug 2024. Mitali Sharma was appointed as Director on 13 Dec 2023. Progressive Cabs has 4 board changes on record in total.
Yes, Progressive Cabs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Progressive Cabs is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-01-0012953).
The registered office of Progressive Cabs is at Unit No. 223 Sf Plot No. 21, Rrm Mangalam Place Sector – 3 Rohini, Delhi, India – 110085.
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