About Progressive Constructions Limited
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Progressive Constructions Limited is a public limited company based in Krishna, Andhra Pradesh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 23 December 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U45200AP1981PLC038986.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹30.5 Cr. It is led by directors including Praveen Pathuri (Managing Director) and Hemalatha Kavuri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Krishna, Andhra Pradesh.
As per the financials filed for FY 2020, the company reported a revenue of ₹259.32 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net loss of ₹1.73 Cr (net margin -0.7%) and EBITDA of -₹41.79 Cr (EBITDA margin -16.1%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹5,015.05 Cr and satisfied charges of ₹320.84 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressiveconstructions.com.
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- Registered AddressH No. 8 – 232 Plot No. 282 And 283 Re – Survey No. 346/1, Sithapuram Colony Poranki Village Vijayawada, Krishna, Andhra Pradesh, India – 521139
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Financials of Progressive Constructions Limited FY 2024 filings available
Progressive Constructions Limited reported revenue of ₹259.32 Cr (up 67% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Progressive Constructions Limited
Revenue rose 67% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. 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 of Progressive Constructions Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹259.32 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹41.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.73 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 of Progressive Constructions Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Progressive Constructions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Progressive Constructions Limited
Progressive Constructions Limited is audited by C VENKAT KRISHNA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C VENKAT KRISHNA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Progressive Constructions Limited
Progressive Constructions Limited currently reports 7 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Pathuri | Managing Director | 28 Aug 2017 | 9 Years 1 Months | Current |
| Hemalatha Kavuri | Whole-Time Director | 06 Feb 1992 | 34 Years 8 Months | Current |
| Lakshmi Krishna Prasad Katneni | Director | 30 Aug 2014 | 12 Years 1 Months | Current |
| Adit Arora | Company Secretary | 02 Mar 2020 | 6 Years 7 Months | Current |
| Anne Sirisha Banu | Director | 07 May 2018 | 8 Years 5 Months | Current |
| Vasireddy Badarinadh Also directs: Progressive Tollways Private Limited | Director | 02 May 2019 | 7 Years 5 Months | Current |
Ownership and Shareholding of Progressive Constructions Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Progressive Constructions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 2025 | Others | ₹2.72 Cr | Open |
| 02 Jul 2024 | Hdfc Bank Limited | ₹1.3 Cr | Open |
| 17 Jun 2013 | Others | ₹1,302.59 Cr | Open |
| 22 Jun 2011 | Indusind Bank Limited | ₹5.5 Cr | Open |
| 27 Apr 2011 | Andhra Bank | ₹310 Cr | Open |
Total charge records: 40 View all charges
Employees and EPFO Compliance at Progressive Constructions Limited
Employment history and EPFO contributions of people linked to Progressive Constructions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Progressive Constructions Limited
Progressive Constructions has one previous CIN (Corporate Identification Number): U45200AP2002PLC038986. The current CIN is U45200AP1981PLC038986, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200AP1981PLC038986 | Current |
| U45200AP2002PLC038986 | Previous |
Recent Activity on Progressive Constructions Limited
Progressive Constructions Limited has 25 board changes on record since 1992: 8 appointments and 17 cessations. The latest: Radha Krishna Kavuru ceased to be Additional Director on 27 Aug 2021.
88 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Constructions Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Progressive Constructions Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Progressive Constructions Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Progressive Constructions Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Progressive Constructions Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Progressive Constructions Limited
Progressive Constructions is an active public limited company based in Krishna, Andhra Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 23 December 1981 (45+ years old) and is registered under CIN U45200AP1981PLC038986.
Progressive Constructions reported revenue of ₹259.32 Cr for FY 2020 (up 67% YoY).
Progressive Constructions has 8 current directors and KMP:
- Praveen Pathuri - Managing Director
- Hemalatha Kavuri - Whole-Time Director
- Lakshmi Krishna Prasad Katneni - Director
- Anne Sirisha Banu - Director
- Vasireddy Badarinadh - Director
- Kalikiran Anne - Director
- Arigapudi Vijay Kumar - Director
- Adit Arora - Company Secretary
Progressive Constructions reported a net loss of ₹1.73 Cr (net margin -0.7%) and EBITDA of -₹41.79 Cr (EBITDA margin -16.1%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Constructions is 9% over three years and -5% over five years. In the latest year (FY 2020) revenue rose 67%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Progressive Constructions is U45200AP1981PLC038986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Constructions was incorporated on 23 December 1981, making it 45+ years old. It is registered with the Registrar of Companies, Vijayawada.
Radha Krishna Kavuru ceased to be Additional Director on 27 Aug 2021. Adit Arora was appointed as Company Secretary on 02 Mar 2020. Praveen Pathuri ceased to be Director Appointed In Casual Vacancy on 25 Feb 2020. Progressive Constructions has 25 board changes on record in total.
Progressive Constructions can be reached through the website progressiveconstructions.com. Its registered office is in Krishna, Andhra Pradesh, India.
The registered office of Progressive Constructions is at H No. 8 – 232 Plot No. 282 And 283 Re – Survey No. 3461, Sithapuram Colony Poranki Village Vijayawada, Krishna, Andhra Pradesh, India – 521139.