Progressive Courier Servicees Private Limited
About Progressive Courier Servicees Private Limited
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Progressive Courier Servicees Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 26 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64120KA1995PTC018852. Its GSTIN is 29AABCP5089L1ZS (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.26 Lakh. It is led by directors Sunil Balaram Sharma (Managing Director) and Nirupama Raghunath.
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 258 III Main Roadj.P Nagar 3rd Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.72 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹16.88 Lakh (net margin 6.2%) and EBITDA of ₹24.63 Lakh (EBITDA margin 9.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 12% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Progressive Courier Servicees Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address258 III Main Roadj.P Nagar 3rd Phase, Bangalore, Karnataka, India – 560078
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Progressive Courier Servicees Private Limited, buy the company report.
- 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
Business activity
The main business activity of Progressive Courier Servicees is transportation and storage. In detail, this covers postal and courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 53 | Postal and courier activities |
To see the full business activity and turnover split of Progressive Courier Servicees Private Limited, buy the company report.
Financials of Progressive Courier Servicees Private Limited
FY 2024 filings availableProgressive Courier Servicees Private Limited reported revenue of ₹2.72 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 14% fall in the latest year. EBITDA rose 219% 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 |
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| EBITDA | ₹24.63 Lakh | ||||
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| Net Profit (PAT) | ₹16.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Progressive Courier Servicees Private Limited, buy the company report.
Board of directors of Progressive Courier Servicees Private Limited
Progressive Courier Servicees has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Balaram Sharma | Managing Director | 26 Sep 1995 | 31 Years 0 Months | Current |
| Nirupama Raghunath | Director | 26 Sep 1995 | 31 Years 0 Months | Current |
Peer comparison
Progressive Courier Servicees Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal and courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Perfect Packers & Couriers (Mumbai) Private Limited | ₹2.73 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Pravri Corporate Management Services Private Limited | ₹2.73 Cr (FY 2024) | 191.0% | Mumbai, Maharashtra, India | |||
| Progressive Courier Servicees Private Limitedthis company | ₹2.72 Cr (FY 2025) | ₹16.88 Lakh | 6.2% | -14.0% | Bangalore, Karnataka, India | |
| Mahaseth Couriers Private Limited | ₹2.7 Cr (FY 2025) | 13.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Progressive Courier Servicees Private Limited, buy the company report.
Auditor
Progressive Courier Servicees Private Limited is audited by BUNGA RAVITEJA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BUNGA RAVITEJA AND ASSOCIATES | FY 2023 | 023377S |
Shareholding
The shareholding of Progressive Courier Servicees 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Courier Servicees Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progressive Courier Servicees Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Courier Servicees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Courier Servicees has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCP5089L1ZS | Karnataka | Active | 10 Mar 2020 |
| 27AABCP5089L1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Courier Servicees Private Limited, buy the company report.
Recent activity
Progressive Courier Servicees Private Limited has 2 board changes on record since 1995: 2 appointments. The latest: Nirupama Raghunath was appointed as Director on 26 Sep 1995.
Frequently asked questions
Progressive Courier Servicees is an active private limited company based in Bangalore, Karnataka, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 26 September 1995 (31+ years old) and is registered under CIN U64120KA1995PTC018852.
Progressive Courier Servicees has 2 current directors:
- Sunil Balaram Sharma - Managing Director
- Nirupama Raghunath - Director
The latest financial statements of Progressive Courier Servicees on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Courier Servicees is 29AABCP5089L1ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCP5089L1ZW (Maharashtra).
The CIN (Corporate Identification Number) of Progressive Courier Servicees is U64120KA1995PTC018852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Courier Servicees was incorporated on 26 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Progressive Courier Servicees by revenue are Perfect Packers & Couriers (Mumbai) Private Limited, Pravri Corporate Management Services Private Limited, Mahaseth Couriers Private Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal and courier activities).
Nirupama Raghunath was appointed as Director on 26 Sep 1995. Sunil Balaram Sharma was appointed as Managing Director on 26 Sep 1995.
The registered office of Progressive Courier Servicees is at 258 III Main Roadj.P Nagar 3rd Phase, Bangalore, Karnataka, India – 560078.
Progressive Courier Servicees operates in the transport and logistics industry, in the express logistics segment.
The compliance status of Progressive Courier Servicees is compliant as of 03 September 2026. The company is actively filing with the Registrar of Companies.