About Progressive Currency Bazaar Private Limited
Data last updated:
Progressive Currency Bazaar Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial brokerage segment of the financial services sector. It was incorporated on 18 January 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1995PTC174315. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹40 Lakh and a paid-up capital of ₹31.68 Lakh. It was led by directors including Ashok Kumar Verma and Anil Nandkumar Gaggar.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.2 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹6.14 Lakh (net margin 5.1%) and EBITDA of ₹10.46 Lakh (EBITDA margin 8.7%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 14% over five years.
The last known website on record is progressiveshares.com.
Company details
CIN history
Progressive Currency Bazaar has one previous CIN (Corporate Identification Number): U74899MH1995PTC174315. The current CIN is U74999MH1995PTC174315, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1995PTC174315 | Current |
| U74899MH1995PTC174315 | Previous |
Contact details
Progressive Currency Bazaar Private Limited's registered office is in Mumbai, Maharashtra. Its website is progressiveshares.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Financial Brokerage, Advisory, Consultancy
To see the full contact details of Progressive Currency Bazaar 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 Currency Bazaar is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Progressive Currency Bazaar Private Limited, buy the company report.
Financials of Progressive Currency Bazaar Private Limited
FY 2020 filings availableProgressive Currency Bazaar Private Limited reported revenue of ₹1.2 Cr (down 56% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 56% fall in the latest year. EBITDA fell 80% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹10.46 Lakh | ||||
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| Net Profit (PAT) | ₹6.14 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 5.1% | ||||
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To see the full financial statements and ratios of Progressive Currency Bazaar Private Limited, buy the company report.
Board of directors of Progressive Currency Bazaar Private Limited
Progressive Currency Bazaar has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Verma | Director | 24 Mar 2017 | 9 Years 7 Months | As last reported |
| Anil Nandkumar Gaggar Also directs: Progressive Global Finance Private Limited | Director | 25 Jun 2015 | 11 Years 4 Months | As last reported |
| Shyam Sawarmal Agrawal | Director | 22 Jan 2018 | 8 Years 9 Months | As last reported |
| Aditya Anil Gaggar | Director | 11 Oct 2014 | 12 Years 0 Months | As last reported |
Peer comparison
Progressive Currency Bazaar Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khattu Housing Solutions Private Limited | ₹1.21 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Fintaxicorn Solutions Private Limited | ₹1.21 Cr (FY 2025) | 150.0% | Gurgaon, Haryana, India | |||
| V S Estates Private Limited | ₹1.2 Cr (FY 2025) | -25.0% | Delhi, India | |||
| Mfins Private Limited | ₹1.2 Cr (FY 2024) | 25.0% | Kalyan, Maharashtra, India | |||
| Neo Sakthi Consultancy Services India Private Limited | ₹1.2 Cr (FY 2016) | -53.0% | Chennai, Tamil Nadu, India | |||
| Progressive Currency Bazaar Private Limitedthis company | ₹1.2 Cr (FY 2020) | ₹6.14 Lakh | 5.1% | -56.0% | Mumbai, Maharashtra, India | |
| Buzibrain Solutions Private Limited | ₹1.2 Cr (FY 2025) | 15.0% | Jhunjhunu, Rajasthan, India | |||
| Shield Insurance Broking Solutions Private Limited | ₹1.2 Cr (FY 2024) | 95.0% | Hyderabad, Telangana, India | |||
| Anashvision Consultancy Private Limited | ₹1.2 Cr (FY 2021) | -79.0% | Kolkata, West Bengal, India | |||
| Turquoise Management Consultancy Private Limited | ₹1.2 Cr (FY 2016) | New Delhi, Delhi, India | ||||
| Sri Shirdi Securities Private Limited | ₹1.2 Cr (FY 2025) | 2.0% | Vijayawada, Andhra Pradesh, India |
To see the full peer comparison of Progressive Currency Bazaar Private Limited, buy the company report.
Auditor
Progressive Currency Bazaar Private Limited is audited by K.K.Khadaria& Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K.Khadaria& Co. | FY 2017 | 105013W |
Shareholding
The shareholding of Progressive Currency Bazaar Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Progressive Currency Bazaar Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progressive Currency Bazaar 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 Currency Bazaar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Currency Bazaar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Progressive Currency Bazaar Private Limited, buy the company report.
Recent activity
Progressive Currency Bazaar Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Shyam Sawarmal Agrawal ceased to be Additional Director on 30 Sep 2018.
Frequently asked questions
Progressive Currency Bazaar has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Progressive Currency Bazaar was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial brokerage, within the financial services industry. It was incorporated on 18 January 1995 and is registered under CIN U74999MH1995PTC174315. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Progressive Currency Bazaar was incorporated on 18 January 1995. It is registered with the Registrar of Companies, Mumbai.
Progressive Currency Bazaar had 4 directors:
- Ashok Kumar Verma - Director
- Anil Nandkumar Gaggar - Director
- Shyam Sawarmal Agrawal - Director
- Aditya Anil Gaggar - Director
The CIN (Corporate Identification Number) of Progressive Currency Bazaar is U74999MH1995PTC174315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Progressive Currency Bazaar is at 122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri W, Mumbai, Maharashtra, India – 400053.
Progressive Currency Bazaar can be reached through the website progressiveshares.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Progressive Currency Bazaar on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
No. Progressive Currency Bazaar has 1 GST registration on record and it is cancelled or inactive.
Progressive Currency Bazaar operated in the financial services industry, in the financial brokerage segment.
The peers of Progressive Currency Bazaar by revenue are Khattu Housing Solutions Private Limited, Fintaxicorn Solutions Private Limited, V S Estates Private Limited, Mfins Private Limited, Neo Sakthi Consultancy Services India Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).