About Progressive Finlease Limited
Data last updated:
Progressive Finlease Limited is a public limited company based in Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 12 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L65910DL1995PLC064310. It is a listed company.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.95 Cr. It is led by directors including Rajeev Jain (Managing Director) and Harshitmehra.
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 500 5th Floor Itl Twin Tower Netaji Subhash Place Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹24,447, a decline of 100% compared to the previous year. For the same year it recorded a net profit of ₹29,091 (net margin 119%) and EBITDA of ₹6.26 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 79% over five years.
Court records list 12 cases involving the company, including 7 filed by the company and 3 filed against it; 4 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 progressivefinlease.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address500 5th Floor Itl Twin Tower Netaji Subhash Place Pitampura, Delhi, India – 110034
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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 Finlease Limited
The main business activity of Progressive Finlease is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Finlease Limited FY 2025 filings available
Progressive Finlease Limited reported revenue of ₹24,447 (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Finlease Limited
Revenue has declined at a compounded annual rate (CAGR) of 79% over five years. EBITDA rose 135% 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 Finlease 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 | ₹24,447 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.26 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹29,091 | •••• | •••• | •••• | •••• |
| 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 Finlease Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | 119% | •••• | •••• | •••• | •••• |
| 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 Finlease 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 Finlease Limited
Progressive Finlease Limited is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sampurn Vyapaar Private Limited | ₹32.77 Lakh (FY 2025) | •••• | •••• | 180.0% | •••• | Hyderabad, Telangana, India |
| Bengal Enterprises Pvt Ltd | ₹32.77 Lakh (FY 2025) | •••• | •••• | 41.0% | •••• | Kolkata, West Bengal, India |
| Vandeep Financial Services Pvt Ltd | ₹32.75 Lakh (FY 2025) | •••• | •••• | 41.0% | •••• | Kolkata, West Bengal, India |
| Fancy Services Pvt Ltd | ₹32.75 Lakh (FY 2024) | •••• | •••• | 114.0% | •••• | Kolkata, West Bengal, India |
| Pearl Tracon Pvt.Ltd. | ₹32.69 Lakh (FY 2019) | •••• | •••• | -56.0% | •••• | Kolkata, West Bengal, India |
| Fastner Mercantile Pvt Ltd | ₹32.63 Lakh (FY 2024) | •••• | •••• | -51.0% | •••• | Kolkata, West Bengal, India |
| Surya Hire Purchase Private Limited | ₹32.62 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Uttar Pradesh, India |
| Bubna Investment Private Limited | ₹32.59 Lakh (FY 2024) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Ex Servicemen Hire Purchase Finance Private Limited | ₹32.54 Lakh (FY 2024) | •••• | •••• | -2.0% | •••• | Jalandhar, Punjab, India |
| Jaisons Investment and Finance Limited | ₹32.53 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | Nagpur, Maharashtra, India |
| Progressive Finlease Limited this company | ₹24,447 (FY 2025) | •••• | •••• | -100.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Progressive Finlease by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 Finlease Limited
Progressive Finlease Limited is audited by GIROTRA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GIROTRA & 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 Finlease Limited
Progressive Finlease has 4 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshitmehra Also directs: Lani Merchandise Private Limited, Shri Giriraj Steels Pvt Ltd | Director | 26 Aug 2020 | 6 Years 1 Months | Current |
| Rupanshu Jain | Director | 15 Apr 2021 | 5 Years 5 Months | Current |
| Rajeev Jain | Managing Director | 03 Mar 2017 | 9 Years 7 Months | Current |
| Sanjay Mehra Also directs: Lani Merchandise Private Limited | Director | 26 Aug 2020 | 6 Years 1 Months | Current |
Ownership and Shareholding of Progressive Finlease 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 Finlease Limited
Progressive Finlease Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Progressive Finlease Limited
Progressive Finlease Limited has 12 court cases on record: 7 filed by Progressive Finlease, 3 filed against it, 2 where it is another party. 4 cases are pending and 8 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 3 |
| High courts | 5 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Revision petition | Filed by the company against Nouam Financial Consultants Private Limited | Disposed |
| District court, North, Delhi | Criminal case | Filed by the company against Realstep Agencies Private Limited | Disposed |
| District court, North, Delhi | Appeal | Filed by the company against an individual | Pending |
| District court, North West, Delhi | Criminal case | Filed by the company against Nouam Financial Consultant Pvt Ltd | Pending |
| High Court of Rajasthan | Appeal | Company is another party | Pending |
Full case history
All 12 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 Finlease Limited
Employment history and EPFO contributions of people linked to Progressive Finlease.
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 Finlease Limited
Progressive Finlease has one previous CIN (Corporate Identification Number): L99999DL1995PLC064310. The current CIN is L65910DL1995PLC064310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910DL1995PLC064310 | Current |
| L99999DL1995PLC064310 | Previous |
Recent Activity on Progressive Finlease Limited
Progressive Finlease Limited has 28 board changes on record since 2007: 4 appointments and 24 cessations. The latest: Bhumika Chhabra ceased to be Additional Director on 29 Nov 2023.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Finlease 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 Finlease 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 Finlease 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 Finlease 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 Finlease 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 Finlease Limited
Progressive Finlease is an active public limited company based in Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 12 January 1995 (31+ years old) and is registered under CIN L65910DL1995PLC064310.
Progressive Finlease reported revenue of ₹24,447 for FY 2025 (down 100% YoY).
Progressive Finlease has 4 current directors:
- Rajeev Jain - Managing Director
- Harshitmehra - Director
- Rupanshu Jain - Director
- Sanjay Mehra - Director
Progressive Finlease reported a net profit of ₹29,091 (net margin 119%) and EBITDA of ₹6.26 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Finlease is -86% over three years and -79% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Progressive Finlease is L65910DL1995PLC064310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Progressive Finlease is a listed company.
Progressive Finlease has 12 court cases on record: 7 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Progressive Finlease was incorporated on 12 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Progressive Finlease by revenue are Sampurn Vyapaar Private Limited, Bengal Enterprises Pvt Ltd, Vandeep Financial Services Pvt Ltd, Fancy Services Pvt Ltd, Pearl Tracon Pvt.Ltd. and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Bhumika Chhabra ceased to be Additional Director on 29 Nov 2023. Rupanshu Jain was appointed as Director on 15 Apr 2021. Ajay Jain ceased to be Director on 20 Mar 2021. Progressive Finlease has 28 board changes on record in total.