Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited - automotive in New Delhi, Delhi, India. Directors, charges & compliance details.
CIN U34300DL2005PTC142017 Incorporated 21 October 2005 ROC Delhi HQ New Delhi, Delhi, India
Struck Off Private Limited Company automotive
Data last updated
Revenue · FY 2021
₹5.19 Lakh
▲ 3186% YoY
Net loss · FY 2021
₹2.53 Lakh
Net margin -48.7%
EBITDA · FY 2021
-₹2.53 Lakh
EBITDA margin -48.7%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Satisfied charges
₹4 Cr
No open charges
Company age
21 yrs
Est. 2005
Directors on board
2
As per MCA filings

About Progressive Engineering and Automation Private Limited

Data last updated:

Progressive Engineering and Automation Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 21 October 2005.

The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U34300DL2005PTC142017. The company has 3 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was led by directors Rohit Relan and Ravi Sangam Aiyar.

Its last annual general meeting (AGM) was held on 02 June 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at G – 13 Pushpanjali Farm Bijwasan, New Delhi, Delhi, India – 110061.

As per the financials filed for FY 2021, the company reported a revenue of ₹5.19 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.53 Lakh (net margin -48.7%) and EBITDA of -₹2.53 Lakh (EBITDA margin -48.7%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 33% over five years.

As per MCA filings, the company had satisfied charges of ₹4 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹99 Lakh; the latest was in August 2014. Its 10 peer companies in the Automobiles industry (Auto Ancillary, Automation) are compared by revenue, 5 larger and 5 smaller; the largest is Dsr.Service Solutioner Private Limited with revenue of ₹5.28 Lakh.

Company Details of Progressive Engineering and Automation Private Limited
CIN U34300DL2005PTC142017
Registration Number 142017
Incorporation Date 21 October 2005
ROC Delhi
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 02 June 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    G – 13 Pushpanjali Farm Bijwasan, New Delhi, Delhi, India – 110061
  • Industry
    Automotive, Auto Parts & Components
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Financials, compliance, directors, charges, ownership and filings for Progressive Engineering and Automation Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Progressive Engineering and Automation Private Limited FY 2021 filings available

Progressive Engineering and Automation Private Limited reported revenue of ₹5.19 Lakh (up 3186% YoY) for FY 2021.

Revenue · FY 2021
₹5.19 Lakh ▲ 3186%
Net loss · FY 2021
₹2.53 Lakh margin -48.7%
EBITDA · FY 2021
-₹2.53 Lakh margin -48.7%

Compounded Annual Growth Rate (CAGR) of Progressive Engineering and Automation Private Limited

Revenue CAGR growth
3 years · compounded
▲ 80%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▼ 542%
3 years · compounded
▲ 40%
5 years · compounded
▲ 28%

Revenue has grown at a compounded annual rate (CAGR) of 33% over five years. EBITDA fell 542% 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 Engineering and Automation Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
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-₹2.53 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹2.53 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 Engineering and Automation Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin-48.7%••••••••••••••••
Net Profit Margin-48.7%••••••••••••••••
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••••••••••••••••••••

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 Engineering and Automation are in the company report.

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Financial statements from 2015

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Board of Directors of Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Rohit RelanDirector21 Oct 200521 Years 0 MonthsAs last reported
Ravi Sangam AiyarDirector10 Mar 20215 Years 7 MonthsAs last reported

Peer Comparison of Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Automation). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Dsr.Service Solutioner Private Limited₹5.28 Lakh (FY 2025)••••••••-85.0%••••Delhi, India
Inteltek Automation Private Limited₹5.26 Lakh (FY 2025)••••••••-48.0%••••Pune, Maharashtra, India
Coeus Automation (OPC) Private Limited₹5.26 Lakh (FY 2025)••••••••-66.0%••••Chennai, Tamil Nadu, India
Vivrt Motors Private Limited₹5.23 Lakh (FY 2024)••••••••51.0%••••Mysore, Karnataka, India
Welded Automation Private Limited₹5.2 Lakh (FY 2022)••••••••••••Hooghly, West Bengal, India
Progressive Engineering and Automation Private Limited this company₹5.19 Lakh (FY 2021)••••••••3186.0%••••New Delhi, Delhi, India
Technoart Robotics & Process Automation Private Limited₹5.18 Lakh (FY 2024)••••••••49.0%••••Nasirabad, Rajasthan, India
Kumawat CNC Machines & Automation Private Limited₹5.18 Lakh (FY 2020)••••••••••••Jhunjhunu, Rajasthan, India
RGDP Automation India Private Limited₹5.17 Lakh (FY 2021)••••••••-60.0%••••Bhopal, Madhya Pradesh, India
B L Chaudhary Steels Private Limited₹5.14 Lakh (FY 2025)••••••••4.0%••••Kanpur, Uttar Pradesh, India
Neptune Automation SWM Private Limited₹5.12 Lakh (FY 2024)••••••••••••Erode, Tamil Nadu, India

Peers are the five companies nearest above and the five nearest below Progressive Engineering and Automation by revenue in the Automobiles industry (Auto Ancillary, Automation), 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 Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited is audited by RPBASIA& CO. for the financial year 2017.

NameStatusAppointment DateCessation Date
RPBASIA& CO.LockedLockedLocked
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Ownership and Shareholding of Progressive Engineering and Automation Private Limited

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Charges & Borrowings of Progressive Engineering and Automation Private Limited

Open charges
None
Satisfied charges
₹4 Cr
Breakdown by lending institutions
State Bank of Travancore₹4.00 Cr
Latest charge details
DateLenderAmountStatus
09 Jun 2011State Bank of Travancore₹4 CrSatisfied

Total charge records: 1 View all charges

Deals & Funding of Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹99 Lakh; the latest was in August 2014.

Total deals
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹99 Lakh

Deals on record (3 of 3)

WhenDealAmountParties
Aug 2014Rights issue₹2 CrInvestors: 3 individuals
Oct 2009Funding round₹50 LakhInvestors: N.D Relan Huf, 3 individuals
Feb 2009Funding round₹49 LakhInvestors: N.D Relan Huf, Ajay Relan Huf, 2 individuals
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited has a workforce of 0 employees as of Mar 29, 2024.

Active EPFO establishments
1
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.

1
Associated companies

Recent Activity on Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation Private Limited has 6 board changes on record since 2005: 2 appointments and 4 cessations. The latest: Ravi Sangam Aiyar ceased to be Additional Director on 02 Jun 2021.

AGM
Progressive Engineering And Automation Private Limited last Annual general meeting of members was held on 02 Jun 2021 as per latest MCA records.
Ceased
Ravi Sangam Aiyar ceased to be Additional Director.
Filing
Progressive Engineering And Automation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Delhi.
Ceased
Ranjan Banerjee ceased to be Whole-Time Director.
Appointed
Ravi Sangam Aiyar was appointed as Director.
Ceased
Ajay Relan ceased to be Director.
Ceased
Narinder Dev Relan ceased to be Director.
Charges
A charge registered on 09 Jun 2011 via Charge ID 10296696 with State Bank Of Travancore was fully satisfied on 01 Aug 2014.
Charges
A charge with State Bank Of Travancore amounted to Rs. 4.00 Cr with Charge ID 10296696 was registered on 09 Jun 2011.
Appointed
Rohit Relan was appointed as Director.
Incorporation
21 Oct 2005
Progressive Engineering And Automation Private Limited was registered on 21 Oct 2005 with Roc Delhi & aged 21 years 1 day as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Progressive Engineering and Automation Private Limited

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MSME Payment Delays by Progressive Engineering and Automation Private Limited

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Subsidiaries & Group Companies of Progressive Engineering and Automation Private Limited

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GST Compliance of Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
3
Cancelled / inactive
3
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MCA Filings & Documents of Progressive Engineering and Automation Private Limited

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Frequently Asked Questions about Progressive Engineering and Automation Private Limited

Progressive Engineering and Automation has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.

Progressive Engineering and Automation was a private limited company based in New Delhi, Delhi, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 21 October 2005 and is registered under CIN U34300DL2005PTC142017. The company has been struck off by the Registrar of Companies and is no longer operational.

Progressive Engineering and Automation had 2 directors:

The CIN (Corporate Identification Number) of Progressive Engineering and Automation is U34300DL2005PTC142017. 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 Engineering and Automation is at G – 13 Pushpanjali Farm Bijwasan, New Delhi, Delhi, India – 110061.

Progressive Engineering and Automation was incorporated on 21 October 2005. It is registered with the Registrar of Companies, Delhi.

Progressive Engineering and Automation reported revenue of ₹5.19 Lakh for FY 2021 (up 3186% YoY).

Progressive Engineering and Automation has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr.

Progressive Engineering and Automation reported a net loss of ₹2.53 Lakh (net margin -48.7%) and EBITDA of -₹2.53 Lakh (EBITDA margin -48.7%) for FY 2021, as per its filed financial statements.

No. Progressive Engineering and Automation has 3 GST registrations on record and all of them are cancelled or inactive.

Progressive Engineering and Automation operated in the automotive industry, in the auto parts and components segment. It worked in this industry before it was struck off.

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