About Progressive Constructions Limited.
Data last updated:
Progressive Constructions Limited. is a public limited company based in Hyderabad, Telangana, India. The company is marked as inactive by the Registrar of Companies, indicating it has not filed statutory returns and may face regulatory action. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 23 December 1981.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U45200TG1981PLC003337.
The company has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹1.58 Lakh. It is led by director Muttavarapu Nageswara Rao.
Its last annual general meeting (AGM) was held on 29 September 2006, and its latest financial statements are for the year ended 31 March 2006. The registered office is at 7th Floor Raghava Ratnatowers Chirag Ali Lane Abids, Hyderabad, Telangana, India – 500001.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹325.96 Cr on record. Court records list 44 cases involving the company, including 9 filed by the company and 35 filed against it; 18 cases are pending.
The last known website on record is progressiveconstructions.com.
Company details
CIN history
Progressive Constructions Limited has one previous CIN (Corporate Identification Number): U45200AP1981PLC003337. The current CIN is U45200TG1981PLC003337, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200TG1981PLC003337 | Current |
| U45200AP1981PLC003337 | Previous |
Contact details
Progressive Constructions Limited.'s registered office is in Hyderabad, Telangana.
- Registered Address7th Floor Raghava Ratnatowers Chirag Ali Lane Abids, Hyderabad, Telangana, India – 500001
- 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
Financials of Progressive Constructions Limited.
FY 2006 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Progressive Constructions Limited., buy the company report.
Board of directors of Progressive Constructions Limited.
Progressive Constructions Limited has 1 director on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muttavarapu Nageswara Rao | Director | 20 Nov 1999 | 26 Years 11 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2007 | 10054976 | Bank of India | ₹170 Cr | Open | |
| 27 Dec 1997 | 90343207 | Vijaya Bank | ₹83.6 Cr | Open | |
| 14 Nov 1997 | 90343197 | Vijaya Bank | ₹9 Cr | Open | |
| 22 Sep 1996 | 90343126 | State Bank of Hyderabad | ₹9 Cr | Open | |
| 05 Sep 1996 | 90343123 | Andhra Bank | ₹15 Lakh | Open |
To see the full charge records of Progressive Constructions Limited., buy the company report.
Total charge records: 56 View all charges
Legal cases
Progressive Constructions Limited. has 44 court cases on record: 9 filed by Progressive Constructions Limited, 35 filed against it. 18 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 25 | 17 |
| High courts | 14 | 7 | 1 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against Icici Bank Ltd and 5 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt.Ltd. | Pending |
| High Court, TELANGANA | Writ petition | Filed against the company by M/S. Rithwik Projects Pvt. Ltd | Disposed |
| High Court, TELANGANA | Court case (COMPA) | Filed against the company by M/S. Automark Industries [India] Ltd. | Disposed |
| High Court, TELANGANA | Court case (COMPA) | Filed against the company by M/S. Automark Technologies [India] Pvt. Ltd. | Disposed |
To see the full case history of Progressive Constructions 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 Constructions 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 Constructions Limited.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progressive Constructions Limited. has 1 board change on record since 1999: 1 appointment. The latest: Muttavarapu Nageswara Rao was appointed as Director on 20 Nov 1999.
53 earlier events are in the company report.
Frequently asked questions
Progressive Constructions Limited is marked as "Inactive" by the Ministry of Corporate Affairs. This typically indicates that the company has not filed its statutory returns and is not compliant with MCA requirements. Continued inactivity may result in the company being struck off.
Progressive Constructions Limited is an inactive public limited company based in Hyderabad, Telangana, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 23 December 1981 and is registered under CIN U45200TG1981PLC003337. The company is not compliant with MCA filing requirements.
Progressive Constructions Limited has 1 current director:
- Muttavarapu Nageswara Rao - Director
The CIN (Corporate Identification Number) of Progressive Constructions Limited is U45200TG1981PLC003337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Constructions Limited was incorporated on 23 December 1981. It is registered with the Registrar of Companies, Hyderabad.
Progressive Constructions Limited can be reached through the website progressiveconstructions.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Progressive Constructions Limited is at 7th Floor Raghava Ratnatowers Chirag Ali Lane Abids, Hyderabad, Telangana, India – 500001.
The latest financial statements of Progressive Constructions Limited on record with the MCA are for the year ended 31 March 2006. Its last annual general meeting was held on 29 September 2006. Year-wise statements from 2015 are in the company report.
Progressive Constructions Limited operates in the infrastructure and utilities industry, in the general construction services segment.
Progressive Constructions Limited has 44 court cases on record: 9 filed by the company and 35 filed against it. 18 are pending. Most are in the district courts.