About Progressive Infotech Private Limited
Data last updated:
Progressive Infotech Private Limited is a private limited company based in East, Delhi, India. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 01 January 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1998PTC091465. Its GSTIN is 09AAACP9069R1ZF (Uttar Pradesh). The company holds 15 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6.96 Cr and a paid-up capital of ₹1.31 Cr. It is led by directors including Venu Garg (Whole-Time Director) and Aditya Garg.
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 Flat No. 40A Pocket – D, Sfs Flats Mayur Vihar Phase – III, East, Delhi, India – 110096.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.75 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -20.9%) and EBITDA of ₹1.44 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 42% over five years.
The company has about 690 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Workelevate. As per MCA filings, the company has open charges of ₹13.65 Cr and satisfied charges of ₹32.23 Cr on record. Court records list 39 cases involving the company, including 28 filed by the company and 11 filed against it; 5 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 progressive.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No. 40A Pocket – D, Sfs Flats Mayur Vihar Phase – III, East, Delhi, India – 110096
- IndustryInformation Technology, Cloud Computing & Cloud Services, IT Infrastructure Management & Services
- 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
Associated Brands with Progressive Infotech Private Limited
Progressive Infotech operates one associated brand: Workelevate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered platform for IT support, automation, and endpoint management services. | workelevate.com |
Competitors & Alternatives of Progressive Infotech Private Limited
Brands and companies operating in the same space as Progressive Infotech Private Limited include Randstad, CIEL HR, Alera Group and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Randstad | HR consulting, recruitment, and outsourcing services are offered worldwide. | Diemen, Netherlands | 1960 |
 CIEL HR | HR management, recruitment, and staffing services are provided. | Bengaluru, India | 2015 |
 Alera Group | HR, insurance, and liability services are provided by Alera Group. | Deerfield, United States | 1995 |
 UKG | Provider of HR and payroll & workforce management solutions | Weston, United States | 1977 |
 Wanted | HR management services are provided by Wanted in South Korea. | Seoul, South Korea | 2015 |
 Bullhorn | Cloud-based ATS and CRM systems are offered for staffing agencies. | Boston, United States | 1999 |
 Gi Group | End-to-end HR services are provided globally by Gi Group. | Milan, Italy | 1998 |
 ADP | Cloud-based HR management solutions are offered for payroll and compliance. | Roseland, United States | 1949 |
 Insperity | HR outsourcing services are provided to businesses by Insperity. | Kingwood, United States | 1986 |
 HR Path | HR and payroll outsourcing plus consulting services are provided. | Nanterre, France | 2001 |
Business Activity of Progressive Infotech Private Limited
The main business activity of Progressive Infotech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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.
Auditor Details of Progressive Infotech Private Limited
Progressive Infotech Private Limited is audited by BRIJESH MATHUR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BRIJESH MATHUR & ASSOCIATES | 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 Infotech Private Limited
Progressive Infotech has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Garg Also directs: Zarthi Private Limited | Director | 29 May 2020 | 6 Years 4 Months | Current |
| Prateek Garg Also directs: Progressive Techserve Private Limited, Zarthi Private Limited | Director | 01 Jan 1998 | 28 Years 9 Months | Current |
| Venu Garg Also directs: Progressive Techserve Private Limited | Whole-Time Director | 01 Mar 2013 | 13 Years 7 Months | Current |
Financials of Progressive Infotech Private Limited FY 2025 filings available
Progressive Infotech Private Limited reported revenue of ₹6.75 Cr (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Infotech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 88% fall in the latest year. EBITDA fell 100% 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 Infotech Private 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.41 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Progressive Infotech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -20.9% | •••• | •••• | •••• | •••• |
| 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 Infotech 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.
Ownership and Shareholding of Progressive Infotech 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 Infotech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2025 | Hdfc Bank Limited | ₹25 Lakh | Open |
| 17 Jan 2025 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 31 Jan 2024 | Hdfc Bank Limited | ₹18 Lakh | Open |
| 21 Nov 2023 | Hdfc Bank Limited | ₹20 Lakh | Open |
| 14 Jul 2021 | Hdfc Bank Limited | ₹70 Lakh | Open |
Total charge records: 20 View all charges
Employees and EPFO Compliance at Progressive Infotech Private Limited
Progressive Infotech Private Limited has a workforce of 690 employees as of Apr 08, 2024.
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.
GST Compliance of Progressive Infotech Private Limited
Progressive Infotech has 15 GST registrations: 1 active and 14 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACP9069R1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
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.
Legal Cases of Progressive Infotech Private Limited
Progressive Infotech Private Limited has 39 court cases on record: 28 filed by Progressive Infotech, 11 filed against it. 5 cases are pending and 34 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 9 | 3 |
| High courts | 15 | 2 | 2 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Ircon International Limited | Pending |
| District court, South, Delhi | Commercial suit | Filed by the company against Zenhill Private Limited | Disposed |
| District court, Faridabad, Haryana | Civil suit | Filed by the company against Indian Oil Corporation Limited | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by Om Logistics Limited | Disposed |
| District court, South, Delhi | Criminal case | Filed by the company against Osel Devices Limited | Disposed |
Full case history
All 39 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.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Infotech 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 Infotech 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 Infotech 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.
MCA Filings & Documents of Progressive Infotech 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.
Recent Activity on Progressive Infotech Private Limited
Recent News on Progressive Infotech Private Limited
Frequently Asked Questions about Progressive Infotech Private Limited
Progressive Infotech is an active private limited company based in East, Delhi, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 01 January 1998 (28+ years old) and is registered under CIN U51909DL1998PTC091465.
Progressive Infotech reported revenue of ₹6.75 Cr for FY 2025 (down 88% YoY).
Progressive Infotech has 3 current directors:
- Venu Garg - Whole-Time Director
- Aditya Garg - Director
- Prateek Garg - Director
Progressive Infotech reported a net loss of ₹1.41 Cr (net margin -20.9%) and EBITDA of ₹1.44 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Infotech is -63% over three years and -42% over five years. In the latest year (FY 2025) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progressive Infotech is 09AAACP9069R1ZF, registered in Uttar Pradesh. The company has 15 GST registrations in all, of which 1 is active and 14 are cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Infotech is U51909DL1998PTC091465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Infotech has 39 court cases on record: 28 filed by the company and 11 filed against it. 5 are pending. Most are in the district courts.
Progressive Infotech was incorporated on 01 January 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.