Progressive Finex Private Limited
About Progressive Finex Private Limited
Data last updated:
Progressive Finex Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 26 November 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70100WB1996PTC082098.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹30.62 Lakh. It is led by directors including Pragati Agrawal and Ekta Jindal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kwicdeskz 2nd Floor 19/1 Camac Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2021, the company reported a revenue of ₹47.55 Lakh. For the same year it recorded a net profit of ₹8.45 Lakh (net margin 17.8%) and EBITDA of -₹35.88 Lakh (EBITDA margin -75.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 52% over five years.
As per MCA filings, the company has open charges of ₹35 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressKwicdeskz 2nd Floor 19/1 Camac Street, Kolkata, West Bengal, India – 700017
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
Financials of Progressive Finex Private Limited FY 2024 filings available
Progressive Finex Private Limited reported revenue of ₹47.55 Lakh for FY 2021.
Compounded Annual Growth Rate (CAGR) of Progressive Finex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years. 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 Finex Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹47.55 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹35.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.45 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 Finex Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -75.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.8% | •••• | •••• | •••• | •••• |
| 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 Finex 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.
Auditor Details of Progressive Finex Private Limited
Progressive Finex Private Limited is audited by JAIN M PRASAD & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN M PRASAD & CO | 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 Finex Private Limited
Progressive Finex has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pragati Agrawal Also directs: Ashiana Realty LLP, Sri Siddhi Vinayak Innovision LLP, Maa Chandeswari Properties LLP and 5 more | Director | 04 Mar 2022 | 4 Years 7 Months | Current |
| Ekta Jindal Also directs: Sri Siddhi Vinayak Innovision LLP, Maa Chandeswari Properties LLP, Dadiji Estate LLP and 5 more | Director | 22 Nov 2017 | 8 Years 10 Months | Current |
| Hemant Kumar Jha Also directs: Lofty Securities Limited. | Director | 22 Nov 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Progressive Finex 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 Finex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2024 | Bank of India | ₹35 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Progressive Finex Private Limited
Employment history and EPFO contributions of people linked to Progressive Finex.
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.
CIN History of Progressive Finex Private Limited
Progressive Finex has one previous CIN (Corporate Identification Number): U67120WB1996PTC082098. The current CIN is U70100WB1996PTC082098, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100WB1996PTC082098 | Current |
| U67120WB1996PTC082098 | Previous |
Recent Activity on Progressive Finex Private Limited
Progressive Finex Private Limited has 7 board changes on record since 2013: 3 appointments and 4 cessations. The latest: Pragati Agrawal was appointed as Director on 04 Mar 2022.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Finex 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 Finex 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 Finex 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 Finex Private Limited
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 Finex 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 Finex Private Limited
Progressive Finex is an active private limited company based in Kolkata, West Bengal, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 26 November 1996 (30+ years old) and is registered under CIN U70100WB1996PTC082098.
Progressive Finex reported revenue of ₹47.55 Lakh for FY 2021.
Progressive Finex has 3 current directors:
- Pragati Agrawal - Director
- Ekta Jindal - Director
- Hemant Kumar Jha - Director
Progressive Finex reported a net profit of ₹8.45 Lakh (net margin 17.8%) and EBITDA of -₹35.88 Lakh (EBITDA margin -75.5%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Finex is -5% over three years and 52% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Progressive Finex is U70100WB1996PTC082098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Finex was incorporated on 26 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
Pragati Agrawal was appointed as Director on 04 Mar 2022. Abhijeet Dutta ceased to be Director on 30 Nov 2017. Ashish Bhalotia Kumar ceased to be Director on 23 Nov 2017. Progressive Finex has 7 board changes on record in total.
The registered office of Progressive Finex is at Kwicdeskz 2nd Floor 191 Camac Street, Kolkata, West Bengal, India – 700017.
Progressive Finex has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹30.62 Lakh.