Progressive Hotels Pvt Ltd - Company Profile

It is a travel and hospitality private limited company based in Andhra Pradesh, Telangana, India, established in 1974.
1974 Andhra Pradesh, Telangana, India Active
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About Progressive Hotels Pvt Ltd

Progressive Hotels Pvt Ltd, a active private limited company, was established on 11 June 1974 in Andhra Pradesh, Telangana, India. Engaging in hotel & accommodation services within the accommodation and food service sector, it holds CIN: U55101TG1974PTC001728. Registered under ROC Roc Hyderabad. it is unlisted. It has an authorized capital of ₹4.75 Cr and a paid-up capital of ₹2.67 Cr.

It upholds a compliant status. Employing 116 professional, Its leadership includes Swapna Kumari Madugula (Director), Karteesh Reddy Madugula (Managing Director). Past directors included Sudhakar Reddy Madugula, Kaushik Reddy Madugula, Swapna Kumari Madugula. It holds ₹41.01 Cr open charges and ₹13.88 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 61-70, Lakdikapool,Hyderabad Hyderabad, Andhra Pradesh, Telangana, 500004.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U55101TG1974PTC001728

  • Registration Number

    001728

  • Incorporation Date

    11 June 1974

  • Authorized Capital

    ₹4.75 Cr

  • Paid-Up Capital

    ₹2.67 Cr

  • ROC Code

    Roc Hyderabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.75 Cr
  • Paid Up Capital ₹ 2.67 Cr
  • Company Age 51 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 41.01 Cr
  • Satisfied Charges ₹ 13.88 Cr
Company report

Progressive Hotels Pvt Ltd

Company Report FY 2025-2026

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Who are the key members and board of directors at Progressive Hotels Pvt Ltd?
Current Directors
Name Designation Appointment Date Status
Swapna Kumari Madugula Director 29 Sep 2001 Current
Karteesh Reddy Madugula Managing Director 02 Jul 2009 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 28 Jun 2009 Past
Pramod Abcsdd Director 25 Mar 2024 Past
Pramod Abcsdd Director 02 Jul 2009 Past
Pramod Abcsdd Director 24 Mar 2024 Past

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Financial Performance of Progressive Hotels.

Progressive Hotels Pvt Ltd, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Progressive Hotels revenue growth over time
Progressive Hotels 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
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What is the Ownership and Shareholding Structure of Progressive Hotels?

Unlock access to Progressive Hotels's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

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

₹410,060,000.00

Satisfied Charges

₹138,782,640.00

Charges Breakdown by Lending Institutions
  • Others : 40.00 Cr
  • Hdfc Bank Limited : 0.95 Cr
  • Bank Of India : 0.06 Cr
Latest Charge Details
Date Lender Amount Status
31 Aug 2024 Others ₹35.00 Cr Open
31 Aug 2024 Others ₹5.00 Cr Open
24 Feb 2021 Hdfc Bank Limited ₹9.49 M Open
26 Jun 1996 Bank Of India ₹0.57 M Open
18 Feb 2015 State Bank Of India ₹4.79 Cr Satisfied

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How Many Employees Work at Progressive Hotels?

Progressive Hotels has a workforce of 116 employees as of Apr 07, 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

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Progressive Hotels
Recent Activity within the Organization
  • Annual General Meeting

    The activity Progressive Hotels Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100997094 was registered on 31 Aug 2024. was documented.

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100997389 was registered on 31 Aug 2024. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 15 Jul 2013 via Charge ID 10436381 with Hdfc Bank Limited was fully satisfied on 21 Aug 2024. was documented.

  • Charges

    A charge registered on 18 Feb 2015 via Charge ID 10559129 with State Bank Of India was fully satisfied on 03 Aug 2024. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 21 Jul 2014 via Charge ID 10512608 with Axis Bank Limited was fully satisfied on 25 Apr 2024. was documented.

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Frequently Asked Questions
What is the CIN of Progressive Hotels Pvt Ltd?

The CIN of Progressive Hotels Pvt Ltd is U55101TG1974PTC001728.

Where is Progressive Hotels Pvt Ltd headquartered?

Progressive Hotels Pvt Ltd is headquartered at 61-70, Lakdikapool,Hyderabad Hyderabad, Andhra Pradesh, Telangana, 500004.

When was Progressive Hotels Pvt Ltd incorporated?

Progressive Hotels Pvt Ltd was incorporated on 11 June 1974.

Who are the current directors of Progressive Hotels Pvt Ltd?

The current directors of Progressive Hotels Pvt Ltd are

What is the primary industry of Progressive Hotels Pvt Ltd?

The primary industry of Progressive Hotels Pvt Ltd is Accommodation And Food Service.

Is Progressive Hotels Pvt Ltd a listed company?

Progressive Hotels Pvt Ltd is unlisted.

What is the capital structure of Progressive Hotels Pvt Ltd?

The authorized capital of Progressive Hotels Pvt Ltd is ₹4.75 Cr, and the paid-up capital is ₹2.67 Cr.

What is the compliance status of Progressive Hotels Pvt Ltd?

The compliance status of Progressive Hotels Pvt Ltd is Compliant.

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