Progressive Consultancy Services Pvt Ltd
About Progressive Consultancy Services Pvt Ltd
Data last updated:
Progressive Consultancy Services Pvt Ltd is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Maco Marketing Pvt Ltd. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 15 October 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB1977PTC031198. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Ramesh Vithaldas Patel and Nagesh Maganlal Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2/5 Sarat Bose Roa7Th Floor Flat – 7A, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2025, the company reported a revenue of ₹5 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.41 Cr (net margin 48.2%) and EBITDA of ₹3.91 Cr (EBITDA margin 78.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address2/5 Sarat Bose Roa7Th Floor Flat – 7A, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
Business Activity of Progressive Consultancy Services Pvt Ltd
The main business activity of Progressive Consultancy Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Progressive Consultancy Services Pvt Ltd FY 2024 filings available
Progressive Consultancy Services Pvt Ltd reported revenue of ₹5 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Consultancy Services Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 17% fall in the latest year. EBITDA fell 29% 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 of Progressive Consultancy Services Pvt Ltd
| 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 | ₹3.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.41 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 Consultancy Services Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 78.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 48.2% | •••• | •••• | •••• | •••• |
| 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 Consultancy Services 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.
Peer Comparison of Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services Pvt Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Del Capital Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Samson Angel Investments Private Limited | •••• | •••• | •••• | •••• | - | Choolai, Tamil Nadu, India |
| Kapil Exports Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Chauhan Holdings Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Uttam Commercial Co Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Progressive Consultancy Services Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Kovai Purani Finance Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Pankhuri Investments and Securities Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Maxim Finance Pvt Ltd | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Amici Securities Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Chitrakut Holdings Ltd | •••• | •••• | •••• | •••• | - | West Bengal, India |
Peers are the five companies nearest above and the five nearest below Progressive Consultancy Services by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services Pvt Ltd is audited by D. K. Madia & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D. K. Madia & 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 of Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Vithaldas Patel Also directs: Maco Corporation (India) Private Limited, Aashiyana Goods Pvt Ltd, Maco Marketing Pvt Ltd and 1 more | Director | 10 Dec 2004 | 21 Years 9 Months | Current |
| Nagesh Maganlal Patel Also directs: Silverline Management Consultants LLP, Shivshankar Management Consultants LLP, Maco Oilfield Services Private Limited and 5 more | Director | 10 Dec 2004 | 21 Years 9 Months | Current |
| Prafulla Nagesh Patel Also directs: Silverline Management Consultants LLP, Shivshankar Management Consultants LLP, Desmet Reagent Private Limited and 2 more | Director | 10 Dec 2004 | 21 Years 9 Months | Current |
Ownership and Shareholding of Progressive Consultancy Services Pvt Ltd
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 Consultancy Services Pvt Ltd
Progressive Consultancy Services Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services Pvt Ltd has a workforce of 0 employees as of Mar 31, 2024.
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.
Group Structure of Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Progressive Consultancy Services Pvt Ltd
Progressive Consultancy Services Pvt Ltd has 3 board changes on record since 2004: 3 appointments. The latest: Nagesh Maganlal Patel was appointed as Director on 10 Dec 2004.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Consultancy Services Pvt Ltd
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 Consultancy Services Pvt Ltd
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 Consultancy Services Pvt Ltd
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 Consultancy Services Pvt Ltd
Progressive Consultancy Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Consultancy Services Pvt Ltd
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 Consultancy Services Pvt Ltd
Progressive Consultancy Services is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 15 October 1977 (49+ years old) and is registered under CIN U74140WB1977PTC031198.
Progressive Consultancy Services reported revenue of ₹5 Cr for FY 2025 (down 17% YoY).
Progressive Consultancy Services has 3 current directors:
- Ramesh Vithaldas Patel - Director
- Nagesh Maganlal Patel - Director
- Prafulla Nagesh Patel - Director
Progressive Consultancy Services reported a net profit of ₹2.41 Cr (net margin 48.2%) and EBITDA of ₹3.91 Cr (EBITDA margin 78.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Consultancy Services is -7% over three years and -7% over five years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
No. Progressive Consultancy Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Consultancy Services is U74140WB1977PTC031198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Consultancy Services was incorporated on 15 October 1977, making it 49+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Progressive Consultancy Services by revenue are Del Capital Private Limited, Samson Angel Investments Private Limited, Kapil Exports Private Limited, Chauhan Holdings Pvt Ltd, Uttam Commercial Co Ltd and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Nagesh Maganlal Patel was appointed as Director on 10 Dec 2004. Prafulla Nagesh Patel was appointed as Director on 10 Dec 2004. Ramesh Vithaldas Patel was appointed as Director on 10 Dec 2004.
The registered office of Progressive Consultancy Services is at 25 Sarat Bose Roa7Th Floor Flat – 7A, Kolkata, West Bengal, India – 700020.