Progressive Gear Industries Private Limited - Company Profile

It is a automotive private limited company based in New Delhi, Delhi, India, established in 1985.
1985 New Delhi, Delhi, India Active
Last Updated:
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About Progressive Gear Industries Private Limited

Progressive Gear Industries Private Limited, a active private limited company, was established on 04 October 1985 in New Delhi, Delhi, India. Engaging in auto parts & components within the manufacturing sector, it holds CIN: U74899DL1985PTC022170. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹0.92 M.

It upholds a compliant status. Employing 13 professional, Its leadership includes Manish Chawla (Director), Indra Chawla (Director), Tilak Chawla Raj (Additional Director). Past directors included Indra Chawla, Sanjay Chawla, Geetu Chawla. It holds ₹9.91 M open charges and ₹2.33 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at A1/256, Paschim Vihar, New Delhi, Delhi, 110063.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U74899DL1985PTC022170

  • Registration Number

    022170

  • Incorporation Date

    04 October 1985

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹0.92 M

  • ROC Code

    Roc Delhi

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 0.92 M
  • Company Age 40 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 9.91 M
  • Satisfied Charges ₹ 2.33 Cr
  • Revenue Growth **** -28.39%
  • Profit Growth **** 3.28%
  • Ebitda **** -3.33%
  • Net Worth 15.04%
  • Total Assets **** 0.39%
Company report

Progressive Gear Industries Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Gear Industries Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Progressive Gear Industries Private Limited?
Current Directors
Name Designation Appointment Date Status
Manish Chawla Director 06 Apr 1990 Current
Indra Chawla Director 01 May 2020 Current
Tilak Chawla Raj Additional Director 24 Dec 2012 Current
Geetu Chawla Director 31 Mar 2015 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 31 Dec 2020 Past
Pramod Abcsdd Director 31 Dec 2012 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past

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Financial Performance of Progressive Gear Industries.

Progressive Gear Industries Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.39% decrease. The company also saw a slight improvement in profitability, with a 3.28% increase in profit. The company's net worth Soared by an impressive increase of 15.04%.

Progressive Gear Industries revenue growth over time
Progressive Gear Industries profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -28.39%
*******
*******
*******
*******
Revenue from Operations
*******
 -28.81%
*******
*******
*******
*******
Total Assets
*******
 0.39%
*******
*******
*******
*******
Profit or Loss
*******
 3.28%
*******
*******
*******
*******
Net Worth
*******
 15.04%
*******
*******
*******
*******
EBITDA
*******
 -3.33%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Gear Industries?

In 2023, Progressive Gear Industries had a public holding of 2.72%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹9,911,000.00

Satisfied Charges

₹23,250,000.00

Charges Breakdown by Lending Institutions
  • Karnataka Bank Ltd. : 0.47 Cr
  • Sidbi : 0.46 Cr
  • State Bank Of Bikaner & Jaipur : 0.06 Cr
Latest Charge Details
Date Lender Amount Status
21 Apr 2025 Karnataka Bank Ltd. ₹4.70 M Open
21 Jan 2025 Sidbi ₹4.61 M Open
12 Dec 2014 State Bank Of Bikaner & Jaipur ₹0.60 M Open
26 Mar 2025 Karnataka Bank Ltd. ₹0.75 M Satisfied
13 Aug 2015 Karnataka Bank Ltd. ₹1.50 Cr Satisfied

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How Many Employees Work at Progressive Gear Industries?

Progressive Gear Industries has a workforce of 13 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Gear Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Gear Industries's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Progressive Gear Industries
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 26 Mar 2025 via Charge ID 101081997 with Karnataka Bank Ltd. was fully satisfied on 15 Jul 2025. was documented.

  • Charges

    Progress on A charge with Karnataka Bank Ltd. amounted to Rs. 4.70 M with Charge ID 101090759 was registered on 21 Apr 2025. was documented.

  • Charges

    The activity A charge with Karnataka Bank Ltd. amounted to Rs. 0.75 M with Charge ID 101081997 was registered on 26 Mar 2025. was completed.

  • Charges

    A charge with Sidbi amounted to Rs. 4.61 M with Charge ID 101043674 was registered on 21 Jan 2025. was recorded as a recent event.

  • Annual General Meeting

    Progress on Progressive Gear Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    The activity A charge registered on 13 Aug 2015 via Charge ID 10587917 with Karnataka Bank Ltd. was fully satisfied on 03 May 2024. was completed.

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Frequently Asked Questions
What is the CIN of Progressive Gear Industries Private Limited?

The CIN of Progressive Gear Industries Private Limited is U74899DL1985PTC022170.

Where is Progressive Gear Industries Private Limited headquartered?

Progressive Gear Industries Private Limited is headquartered at A1/256, Paschim Vihar, New Delhi, Delhi, 110063.

When was Progressive Gear Industries Private Limited incorporated?

Progressive Gear Industries Private Limited was incorporated on 04 October 1985.

Who are the current directors of Progressive Gear Industries Private Limited?

The current directors of Progressive Gear Industries Private Limited are

What is the primary industry of Progressive Gear Industries Private Limited?

The primary industry of Progressive Gear Industries Private Limited is Manufacturing.

Is Progressive Gear Industries Private Limited a listed company?

Progressive Gear Industries Private Limited is unlisted.

What is the capital structure of Progressive Gear Industries Private Limited?

The authorized capital of Progressive Gear Industries Private Limited is ₹2.50 M, and the paid-up capital is ₹0.92 M.

What is the compliance status of Progressive Gear Industries Private Limited?

The compliance status of Progressive Gear Industries Private Limited is Compliant.

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