MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0039449
Progressive Corporate Services Private Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.42 Cr
▲ 41% YoY
Net profit · FY 2025
₹1.23 Cr
Net margin 6.7%
EBITDA · FY 2025
₹2.54 Cr
EBITDA margin 13.8%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹2.6 Cr
Satisfied ₹3.85 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
55
Provident fund records
About Progressive Corporate Services Private Limited
Data last updated:
Progressive Corporate Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 23 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2006PTC047800. Its GSTIN is 24AADCP8221G1ZN (Gujarat).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Malay Jayendra Dalal and Sonal Malaybhai Dalal.
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 401 Mauryacomplexb/Hc.U.Shahcollegeincometax, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.42 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 6.7%) and EBITDA of ₹2.54 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 14% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.6 Cr and satisfied charges of ₹3.85 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Progressive Corporate Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0039449). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressivebpo.com.
Company details
CIN U74140GJ2006PTC047800
Registration Number 047800
Incorporation Date 23 February 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0039449
Key People
Malay Jayendra Dalal Director Sonal Malaybhai Dalal Director Prithviraj Bharat Dodla Director Recognitions & Rankings of Progressive Corporate Services
Contact details
Progressive Corporate Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is progressivebpo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address401 Mauryacomplexb/Hc.U.Shahcollegeincometax, Ahmedabad, Gujarat, India – 380014
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Progressive Corporate Services Private Limited, buy the company report.
Comprehensive company report
Progressive Corporate Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Progressive Corporate Services is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Progressive Corporate Services Private Limited, buy the company report.
Financials of Progressive Corporate Services Private Limited
FY 2025 filings availableProgressive Corporate Services Private Limited reported revenue of ₹18.42 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹18.42 Cr ▲ 41%
Net profit · FY 2025
₹1.23 Cr margin 6.7%
EBITDA · FY 2025
₹2.54 Cr margin 13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 13%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 21%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 41% growth in the latest year. EBITDA rose 38% 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 | 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 | ₹2.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.23 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Progressive Corporate Services Private Limited, buy the company report.
Board of directors of Progressive Corporate Services Private Limited
Progressive Corporate Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malay Jayendra Dalal | Director | 23 Feb 2006 | 20 Years 8 Months | Current |
| Sonal Malaybhai Dalal | Director | 23 Feb 2006 | 20 Years 8 Months | Current |
| Prithviraj Bharat Dodla Also directs: PCS Global Private Limited | Director | 01 Aug 2021 | 5 Years 3 Months | Current |
Auditor
Progressive Corporate Services Private Limited is audited by A.B.B. & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.B.B. & ASSOCIATES | FY 2023 | 116615W |
Shareholding
The shareholding of Progressive Corporate Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Corporate Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.6 Cr
Satisfied charges
₹3.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2022 | 100556558 | Others | ₹2.6 Cr | Open | |
| 17 Jun 2012 | 10366405 | Axis Bank Limited | ₹2.25 Cr | Satisfied | |
| 26 Feb 2010 | 10206967 | Kotak Mahindra Bank Limited | ₹1.6 Cr | Satisfied |
To see the full charge records of Progressive Corporate Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Progressive Corporate Services Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Progressive Corporate Services 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 Corporate Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Corporate Services Private Limited has a workforce of 55 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
-15.38%
GST
Progressive Corporate Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP8221G1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Corporate Services Private Limited, buy the company report.
Recent activity
Progressive Corporate Services Private Limited has 9 board changes on record since 2006: 3 appointments and 6 cessations. The latest: Prithviraj Bharat Dodla ceased to be Additional Director on 30 Sep 2022.
AGM
Progressive Corporate Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Corporate Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 260.00 Lakh registered on 04 Mar 2022 with Charge ID 100556558 was modified on 12 Aug 2024.
Ceased
Prithviraj Bharat Dodla ceased to be Additional Director.
Charges
A charge registered on 17 Jun 2012 via Charge ID 10366405 with Axis Bank Limited was fully satisfied on 12 Jul 2022.
Charges
A charge registered on 26 Feb 2010 via Charge ID 10206967 with Kotak Mahindra Bank Limited was fully satisfied on 22 Jun 2022.
Charges
A charge with Others amounted to Rs. 260.00 Lakh with Charge ID 100556558 was registered on 04 Mar 2022.
Appointed
Prithviraj Bharat Dodla was appointed as Director.
Ceased
Hasmukhbhai Prahladbhai Prajapati ceased to be Additional Director.
Ceased
Kaushik Jitendra Joshi ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 225.00 Lakh with Charge ID 10366405 was registered on 17 Jun 2012.
Ceased
Chiragkumar Kanaiyalal Mistry ceased to be Additional Director.
6 earlier events are in the company report.
Frequently asked questions
Progressive Corporate Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 23 February 2006 (20+ years old) and is registered under CIN U74140GJ2006PTC047800.
Progressive Corporate Services has 3 current directors:
- Malay Jayendra Dalal - Director
- Sonal Malaybhai Dalal - Director
- Prithviraj Bharat Dodla - Director
The latest financial statements of Progressive Corporate Services 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 2015 are in the company report.
The GSTIN of Progressive Corporate Services is 24AADCP8221G1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Progressive Corporate Services is U74140GJ2006PTC047800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Corporate Services has 2 court cases on record: 2 filed against it. Most are in the district courts.
Progressive Corporate Services was incorporated on 23 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Prithviraj Bharat Dodla ceased to be Additional Director on 30 Sep 2022. Prithviraj Bharat Dodla was appointed as Director on 01 Aug 2021. Hasmukhbhai Prahladbhai Prajapati ceased to be Additional Director on 25 Mar 2019. Progressive Corporate Services has 9 board changes on record in total.
Yes, Progressive Corporate Services is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0039449).
Progressive Corporate Services can be reached through the website progressivebpo.com. Its registered office is in Ahmedabad, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages