Progressive Equifin Private Limited
About Progressive Equifin Private Limited
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Progressive Equifin Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 21 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PTC087584.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pramoud Vinayak Rao and Gauri Pramoud Rao.
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 is at 404 Om Shanti16Th Road Extn Khar West, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.74 Lakh. For the same year it recorded a net profit of ₹1.48 Lakh (net margin 84.7%) and EBITDA of -₹24,840 (EBITDA margin -14.2%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Progressive Equifin Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address404 Om Shanti16Th Road Extn Khar West, Mumbai, Maharashtra, India – 400054
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Progressive Equifin 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 Equifin is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Progressive Equifin Private Limited, buy the company report.
Financials of Progressive Equifin Private Limited
FY 2021 filings availableProgressive Equifin Private Limited reported revenue of ₹1.74 Lakh for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.74 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹24,840 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.48 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -14.2% | |
| Net Profit Margin | 84.7% | |
| 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 | ||
To see the full financial statements and ratios of Progressive Equifin Private Limited, buy the company report.
Board of directors of Progressive Equifin Private Limited
Progressive Equifin has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gauri Pramoud Rao Also directs: GSD Properties & Trading Private Limited | Additional Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Pramoud Vinayak Rao | Director | 24 Apr 1995 | 31 Years 6 Months | Current |
Auditor
Progressive Equifin Private Limited is audited by V. V. Bapat & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. V. Bapat & Co. | FY 2016 |
Shareholding
The shareholding of Progressive Equifin 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 Equifin Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Progressive Equifin 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 Equifin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Progressive Equifin Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Progressive Equifin Private Limited has 3 board changes on record since 1995: 2 appointments and 1 cessation. The latest: Gauri Pramoud Rao was appointed as Additional Director on 15 Jul 2024.
Frequently asked questions
Progressive Equifin is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 21 April 1995 (31+ years old) and is registered under CIN U67120MH1995PTC087584.
Progressive Equifin has 2 current directors:
- Gauri Pramoud Rao - Additional Director
- Pramoud Vinayak Rao - Director
The latest financial statements of Progressive Equifin 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 CIN (Corporate Identification Number) of Progressive Equifin is U67120MH1995PTC087584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Equifin was incorporated on 21 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Gauri Pramoud Rao was appointed as Additional Director on 15 Jul 2024. Manohar Gopal Bidaye ceased to be Director on 15 Jul 2024. Pramoud Vinayak Rao was appointed as Director on 24 Apr 1995.
The registered office of Progressive Equifin is at 404 Om Shanti16Th Road Extn Khar West, Mumbai, Maharashtra, India – 400054.
Progressive Equifin operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Progressive Equifin is compliant as of 15 August 2026. The company is actively filing with the Registrar of Companies.
Progressive Equifin can be reached at its registered office: 404 Om Shanti16Th Road Extn Khar West, Mumbai, Maharashtra, India – 400054.