Progressive Cars Private Limited - Company Profile

It is a automotive private limited company based in Ahmedabad, Gujarat, India, established in 1999.
1999 Ahmedabad, Gujarat, India Active
Last Updated:
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About Progressive Cars Private Limited

Progressive Cars Private Limited, a active private limited company, was established on 04 November 1999 in Ahmedabad, Gujarat, India. Engaging in auto dealership & trading within the trade sector, it holds CIN: U35999GJ1999PTC036849. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1.10 Cr and a paid-up capital of ₹1.04 Cr.

It upholds a compliant status. Employing 163 professional, Its leadership includes Avinash Hiralal Gupta (Director), Hiralal Gayaniram Gupta (Director). Past directors included Niraj Hiralal Gupta. It holds ₹198.16 Cr open charges and ₹7.25 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Gf-9, Shapath 5, Near Hotel Crown Plaza, S.G. Highway, Ahmedabad, Gujarat, 380015.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U35999GJ1999PTC036849

  • Registration Number

    036849

  • Incorporation Date

    04 November 1999

  • Authorized Capital

    ₹1.10 Cr

  • Paid-Up Capital

    ₹1.04 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.10 Cr
  • Paid Up Capital ₹ 1.04 Cr
  • Company Age 26 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 198.16 Cr
  • Satisfied Charges ₹ 7.25 Cr
Company report

Progressive Cars Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Cars Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Progressive Cars Private Limited?
Current Directors
Name Designation Appointment Date Status
Avinash Hiralal Gupta Director 04 Nov 1999 Current
Hiralal Gayaniram Gupta Director 04 Nov 1999 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 10 Oct 2016 Past

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Financial Performance of Progressive Cars.

Progressive Cars Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Progressive Cars revenue growth over time
Progressive Cars profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Progressive Cars?

In 2023, Progressive Cars had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,981,553,955.00

Satisfied Charges

₹72,500,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 77.56 Cr
  • State Bank Of India : 67.90 Cr
  • Others : 51.34 Cr
  • Tata Capital Financial Services Limited : 1.35 Cr
Latest Charge Details
Date Lender Amount Status
07 Aug 2025 Others ₹9.00 Cr Open
01 Aug 2025 Others ₹0.92 M Open
31 Jul 2025 Others ₹2.74 M Open
28 Jun 2025 Others ₹2.14 M Open
28 Jun 2025 Others ₹1.59 M Open

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How Many Employees Work at Progressive Cars?

Progressive Cars has a workforce of 163 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Cars, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Cars's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Progressive Cars
Recent Activity within the Organization
  • Charges

    A charge with Others amounted to Rs. 9.00 Cr with Charge ID 101141686 was registered on 07 Aug 2025. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.09 Cr with Charge ID 101146575 was registered on 01 Aug 2025. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.27 Cr with Charge ID 101146579 was registered on 31 Jul 2025. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.21 Cr with Charge ID 101126437 was registered on 28 Jun 2025. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101126429 was registered on 28 Jun 2025. was documented.

  • Charges

    A charge with Others amounted to Rs. 0.08 Cr with Charge ID 101126422 was registered on 28 Jun 2025. was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Progressive Cars Private Limited?

The CIN of Progressive Cars Private Limited is U35999GJ1999PTC036849.

Where is Progressive Cars Private Limited headquartered?

Progressive Cars Private Limited is headquartered at Gf-9, Shapath 5, Near Hotel Crown Plaza, S.G. Highway, Ahmedabad, Gujarat, 380015.

When was Progressive Cars Private Limited incorporated?

Progressive Cars Private Limited was incorporated on 04 November 1999.

Who are the current directors of Progressive Cars Private Limited?

The current directors of Progressive Cars Private Limited are

What is the primary industry of Progressive Cars Private Limited?

The primary industry of Progressive Cars Private Limited is Trade.

Is Progressive Cars Private Limited a listed company?

Progressive Cars Private Limited is unlisted.

What is the capital structure of Progressive Cars Private Limited?

The authorized capital of Progressive Cars Private Limited is ₹1.10 Cr, and the paid-up capital is ₹1.04 Cr.

What is the compliance status of Progressive Cars Private Limited?

The compliance status of Progressive Cars Private Limited is Compliant.

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