About Progressive Earthmovers Private Limited
Data last updated:
Progressive Earthmovers Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 16 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29240DL2010PTC199130. Its GSTIN is 07AAFCP3552N1Z2 (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rajesh Jaiswal and Mayank Jaiswal.
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 C – 86 Dda Sheds Okhla Industrial Area Phase 1 Near Police Station, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.55 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹21.21 Lakh (net margin 3.8%) and EBITDA of ₹77.73 Lakh (EBITDA margin 14%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹53.15 Lakh on record. Court records list 20 cases involving the company, including 14 filed by the company and 6 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressive-earth-movers.ueniweb.com.
- EmailLocked
- TelephoneLocked
- Social Media
- Registered AddressC – 86 Dda Sheds Okhla Industrial Area Phase 1 Near Police Station, New Delhi, Delhi, India – 110020
- IndustryFinancial Services, Equipment Leasing & Financing
- 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 Earthmovers Private Limited
The main business activity of Progressive Earthmovers is administrative and support service activities. In detail, this covers rental and leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 77 | Rental and leasing 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 Earthmovers Private Limited FY 2025 filings available
Progressive Earthmovers Private Limited reported revenue of ₹5.55 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Earthmovers Private Limited
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 4% 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 Earthmovers Private Limited
| 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 | ₹77.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.21 Lakh | •••• | •••• | •••• | •••• |
| 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 Earthmovers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 Earthmovers 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 Earthmovers Private Limited
Progressive Earthmovers Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Machinery and Equipment Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Si Fintech Private Limited | ₹5.64 Cr (FY 2018) | •••• | •••• | 64.0% | •••• | Howrah, West Bengal, India |
| Roadaa Infratech Private Limited | ₹5.63 Cr (FY 2023) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Migved Solutions Private Limited | ₹5.63 Cr (FY 2025) | •••• | •••• | 737.0% | •••• | Khoraj, Gandhinagar, Gujarat, India |
| Comfed Productions Private Limited | ₹5.6 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
| Beegyn Solutions Private Limited | ₹5.6 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Mumbai, Maharashtra, India |
| Progressive Earthmovers Private Limited this company | ₹5.55 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Sindu Building Equipments Limited | ₹5.52 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Dhawan Electricals Private Limited | ₹5.5 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Techcon Infrastructure Private Limited | ₹5.5 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Kolkata, West Bengal, India |
| Saral Tower Telecommunication Services Private Limited | ₹5.48 Cr (FY 2024) | •••• | •••• | 121.0% | •••• | Greater Noida West, Uttar Pradesh, India |
| Highpowerv Infrastructure Limited | ₹5.44 Cr (FY 2023) | •••• | •••• | 48.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Progressive Earthmovers by revenue in the BFSI industry (Machinery and Equipment Leasing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progressive Earthmovers Private Limited
Progressive Earthmovers Private Limited is audited by DNS & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DNS & ASSOCIATES | 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 Earthmovers Private Limited
Progressive Earthmovers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Jaiswal | Director | 16 Feb 2010 | 16 Years 7 Months | Current |
| Mayank Jaiswal | Director | 16 Feb 2010 | 16 Years 7 Months | Current |
| Rakesh Jaiswal | Director | 16 Feb 2010 | 16 Years 7 Months | Current |
Ownership and Shareholding of Progressive Earthmovers Private Limited
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 Earthmovers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Oct 2024 | Hdfc Bank Limited | ₹21.15 Lakh | Open |
| 31 Aug 2024 | Hdfc Bank Limited | ₹6 Lakh | Open |
| 12 Jun 2023 | Hdfc Bank Limited | ₹6 Lakh | Open |
| 29 Jun 2010 | Hdfc Bank Limited | ₹20 Lakh | Open |
Total charge records: 4 View all charges
Legal Cases of Progressive Earthmovers Private Limited
Progressive Earthmovers Private Limited has 20 court cases on record: 14 filed by Progressive Earthmovers, 6 filed against it. 7 cases are pending and 13 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 6 | 7 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed against the company by KLD Creation Infrastructure Private Limited | Disposed |
| District court, South East, Delhi | Execution petition | Filed by the company against Creatrz Way Infrastructure Private Limited | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against KLD Creation Infrastructure Private Limited | Disposed |
| District court, South East, Delhi | Commercial suit | Filed by the company against Creatrz Way Infrastructure Private Limited | Disposed |
| District court, South East, Delhi | Civil suit | Filed by the company against Sudheer Infrastructure Private Limited | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Progressive Earthmovers Private Limited
Employment history and EPFO contributions of people linked to Progressive Earthmovers.
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.
Recent Activity on Progressive Earthmovers Private Limited
Progressive Earthmovers Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Subhash Jaiswal ceased to be Director on 08 Jun 2018.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Earthmovers Private Limited
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 Earthmovers Private Limited
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 Earthmovers Private Limited
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 Earthmovers Private Limited
Progressive Earthmovers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCP3552N1Z2 | Delhi | Active | 01 Jul 2017 |
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 Earthmovers Private Limited
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 Earthmovers Private Limited
Progressive Earthmovers is an active private limited company based in New Delhi, Delhi, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 16 February 2010 (16+ years old) and is registered under CIN U29240DL2010PTC199130.
Progressive Earthmovers reported revenue of ₹5.55 Cr for FY 2025 (up 4% YoY).
Progressive Earthmovers has 3 current directors:
- Rajesh Jaiswal - Director
- Mayank Jaiswal - Director
- Rakesh Jaiswal - Director
Progressive Earthmovers reported a net profit of ₹21.21 Lakh (net margin 3.8%) and EBITDA of ₹77.73 Lakh (EBITDA margin 14%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Earthmovers is -2% over three years and -1% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progressive Earthmovers is 07AAFCP3552N1Z2, registered in Delhi.
The CIN (Corporate Identification Number) of Progressive Earthmovers is U29240DL2010PTC199130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Earthmovers has 20 court cases on record: 14 filed by the company and 6 filed against it. 7 are pending.
Progressive Earthmovers was incorporated on 16 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Progressive Earthmovers by revenue are Si Fintech Private Limited, Roadaa Infratech Private Limited, Migved Solutions Private Limited, Comfed Productions Private Limited, Beegyn Solutions Private Limited and 5 more, all in the BFSI industry (Machinery and Equipment Leasing).
Subhash Jaiswal ceased to be Director on 08 Jun 2018. Mayank Jaiswal was appointed as Director on 16 Feb 2010. Rajesh Jaiswal was appointed as Director on 16 Feb 2010. Progressive Earthmovers has 4 board changes on record in total.