About Progressive Hotels Pvt Ltd
Data last updated: 31 December 2025
Progressive Hotels Pvt Ltd is a private limited company based in Andhra Pradesh, Telangana, India. It specialises in hotel and accommodation services, a part of the broader travel and hospitality sector. Incorporated on 11 June 1974, the company has been in operation for over 52 years.
Registered with ROC Hyderabad under CIN U55101TG1974PTC001728.
Capital: an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹2.67 Cr. It is led by directors Swapna Kumari Madugula and Karteesh Reddy Madugula.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 61 – 70 Lakdikapool Hyderabad, Andhra Pradesh, Telangana, India – 500004.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.05 Cr, a growth of 48% compared to the previous year.
The company has a workforce of approximately 116 employees as per the latest available data.
The company is associated with 1 brand - Best Western Ashoka. As per MCA filings, the company has open charges of ₹41.01 Cr and satisfied charges of ₹13.88 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bestwesternashoka.com.
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Registered Address61 – 70 Lakdikapool Hyderabad, Andhra Pradesh, Telangana, India – 500004
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IndustryTravel and Hospitality, Hotel & Accommodation Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd has one previous CIN (Corporate Identification Number): U55101AP1974PTC001728. The current CIN is U55101TG1974PTC001728, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101TG1974PTC001728 | Current |
| U55101AP1974PTC001728 | Previous |
Associated Brands with Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd operates one associated brand: Best Western Ashoka. These brands represent Progressive Hotels Pvt Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Hospitality services including accommodation, dining, and events in Hyderabad. | bestwesternashoka.com |
Business Activity of Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd is engaged in the principal business activity of accommodation and food service, with detailed activities including accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Business activity turnover details for Progressive Hotels Pvt Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd is audited by P.JITENDER REDDY & CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P.JITENDER REDDY & CO | Locked | Locked | Locked |
Complete auditor history for Progressive Hotels Pvt Ltd
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd is currently managed by 2 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Swapna Kumari Madugula
Also directs:
Rajdhani Polypack Pvt. Ltd., Progressive Hotels Pvt Ltd, Ganga Hotels Limited and 1 more
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Director | 29 Sep 2001 | 24 Years 9 Months | Current |
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Karteesh Reddy Madugula
Also directs:
Rajdhani Polypack Pvt. Ltd., Progressive Hotels Pvt Ltd, Ganga Hotels Limited and 4 more
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Managing Director | 02 Jul 2009 | 17 Years 0 Months | Current |
Financials of Progressive Hotels Pvt Ltd FY 2024 filings available
Progressive Hotels Pvt Ltd reported revenue of ₹29.05 Cr (up 48.00% YoY) for FY 2025.
Ten-year financial statements for Progressive Hotels Pvt Ltd
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Progressive Hotels Pvt Ltd
Shareholding and ownership data for Progressive Hotels Pvt Ltd
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Progressive Hotels Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2024 | Others | ₹35 Cr | Open |
| 31 Aug 2024 | Others | ₹5 Cr | Open |
| 24 Feb 2021 | Hdfc Bank Limited | ₹94.9 Lakh | Open |
| 26 Jun 1996 | Bank of India | ₹5.7 Lakh | Open |
| 18 Feb 2015 | State Bank of India | ₹4.79 Cr | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd has a workforce of 116 employees as of Apr 07, 2024.
Employee and EPFO history for Progressive Hotels Pvt Ltd
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Progressive Hotels Pvt Ltd
GST registrations and filing compliance for Progressive Hotels Pvt Ltd
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Progressive Hotels Pvt Ltd
Credit ratings, litigation, and regulatory alerts for Progressive Hotels Pvt Ltd
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Progressive Hotels Pvt Ltd
MSME payment history for Progressive Hotels Pvt Ltd
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Progressive Hotels Pvt Ltd
Corporate group structure for Progressive Hotels Pvt Ltd
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Progressive Hotels Pvt Ltd
MCA filings and documents for Progressive Hotels Pvt Ltd
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Progressive Hotels Pvt Ltd
Frequently Asked Questions about Progressive Hotels Pvt Ltd
Progressive Hotels Pvt Ltd is an active private limited company in the travel and hospitality sector based in Andhra Pradesh, Telangana, India. It was incorporated on 11 June 1974 (52+ years old) and is registered under CIN U55101TG1974PTC001728. The company has 116 employees.
Progressive Hotels Pvt Ltd reported revenue of ₹29.05 Cr for FY 2025 (up 48.00% YoY).
The current directors of Progressive Hotels Pvt Ltd are:
- Swapna Kumari Madugula - Director
- Karteesh Reddy Madugula - Managing Director
The primary industry of Progressive Hotels Pvt Ltd is travel and hospitality. The company specifically operates in hotel and accommodation services. The company is currently active in this sector.
Progressive Hotels Pvt Ltd can be reached at the registered office: 61 – 70 Lakdikapool Hyderabad, Andhra Pradesh, Telangana, India – 500004, or through the website bestwesternashoka.com.
The authorised capital is ₹4.75 Cr, and the paid-up capital is ₹2.67 Cr.