About Progressive Digital Media Private Limited
Data last updated:
Progressive Digital Media Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Globaldata Plc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the database management and solutions segment of the technology and IT services sector. It was incorporated on 23 December 2009.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2009PTC066451. Its GSTIN is 36AAFCP2745P1ZW (Telangana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Harinatha Reddy Gorla and Brahmaiah Vunnam.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2021, the company reported a revenue of ₹20.49 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.3 Cr (net margin 11.2%) and EBITDA of ₹3.47 Cr (EBITDA margin 16.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company had about 86 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: GD Research Center. As per MCA filings, the company had satisfied charges of ₹5.77 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is digitalinsightresearch.in.
Company details
CIN history
Progressive Digital Media has one previous CIN (Corporate Identification Number): U74900AP2009PTC066451. The current CIN is U74900TG2009PTC066451, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TG2009PTC066451 | Current |
| U74900AP2009PTC066451 | Previous |
Contact details
Progressive Digital Media Private Limited's registered office is in Hyderabad, Telangana. Its website is digitalinsightresearch.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6th Floor Jyothi Pinnacle Building Survey No.11 Kondapur Village Serilingampally Manda, L, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Database Management & Solutions
To see the full contact details of Progressive Digital Media 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
Brands
Progressive Digital Media operates one associated brand: GD Research Center. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive market research and business process outsourcing services. | gdresearchcenter.com |
Business activity
The main business activity of Progressive Digital Media is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Progressive Digital Media Private Limited, buy the company report.
Financials of Progressive Digital Media Private Limited
FY 2021 filings availableProgressive Digital Media Private Limited reported revenue of ₹20.49 Cr (down 8% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 8% fall in the latest year. EBITDA fell 18% 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
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| EBITDA | ₹3.47 Cr | ||||
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| Net Profit (PAT) | ₹2.3 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 16.9% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Progressive Digital Media Private Limited, buy the company report.
Board of directors of Progressive Digital Media Private Limited
Progressive Digital Media has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harinatha Reddy Gorla Also directs: GD Research Center Private Limited | Director | 07 Feb 2013 | 13 Years 8 Months | As last reported |
| Brahmaiah Vunnam Also directs: GD Research Center Private Limited, New Statesman Media LLP | Director | 24 Aug 2012 | 14 Years 2 Months | As last reported |
| Michael Thomas Danson Also directs: GD Research Center Private Limited | Additional Director | 15 Jul 2010 | 16 Years 3 Months | As last reported |
| Graham Lilley | Director | 20 Sep 2018 | 8 Years 1 Months | As last reported |
Auditor
Progressive Digital Media Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2019 | 001076N/N500013 |
Shareholding
The shareholding of Progressive Digital Media Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Progressive Digital Media Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2015 | 10584482 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.77 Cr | Satisfied |
To see the full charge records of Progressive Digital Media Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Progressive Digital Media Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (CRLP) | Filed against the company | Disposed |
To see the full case history of Progressive Digital Media 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 Digital Media Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Digital Media Private Limited has a workforce of 86 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Progressive Digital Media has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCP2745P1ZW | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Digital Media Private Limited, buy the company report.
Recent activity
Progressive Digital Media Private Limited has 9 board changes on record since 2010: 4 appointments and 5 cessations. The latest: Graham Lilley ceased to be Additional Director on 28 Sep 2018.
2 earlier events are in the company report.
Frequently asked questions
Progressive Digital Media 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 Digital Media was a private limited company based in Hyderabad, Telangana, India. The company worked in database management and solutions, within the information technology industry. It was incorporated on 23 December 2009 and is registered under CIN U74900TG2009PTC066451. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Progressive Digital Media was incorporated on 23 December 2009. It is registered with the Registrar of Companies, Hyderabad.
Progressive Digital Media had 4 directors:
- Harinatha Reddy Gorla - Director
- Brahmaiah Vunnam - Director
- Michael Thomas Danson - Additional Director
- Graham Lilley - Director
The CIN (Corporate Identification Number) of Progressive Digital Media is U74900TG2009PTC066451. 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 Digital Media is at 6th Floor Jyothi Pinnacle Building Survey No.11 Kondapur Village Serilingampally Manda, L, Hyderabad, Telangana, India – 500081.
Progressive Digital Media can be reached through the website digitalinsightresearch.in. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Progressive Digital Media on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Digital Media is 36AAFCP2745P1ZW, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Progressive Digital Media operated in the information technology industry, in the database management and solutions segment.
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