MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-MH-26-0056398
Progressive Infra Project India Private Limited - infrastructure and utilities in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹29.88 Cr
▲ 117% YoY
Net profit · FY 2022
₹151
Net margin 0%
EBITDA · FY 2022
₹271
EBITDA margin 0%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹13.21 Cr
Satisfied ₹7.79 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
35
Provident fund records
About Progressive Infra Project India Private Limited
Data last updated:
Progressive Infra Project India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 25 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2013PTC149543. Its GSTIN is 27AAHCP4728L1ZY (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Ashwinee Santosh Mane and Santosh Sudhakar Mane.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹29.88 Cr, a growth of 117% compared to the previous year. For the same year it recorded a net profit of ₹151 (net margin 0%) and EBITDA of ₹271 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 86% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.21 Cr and satisfied charges of ₹7.79 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 7 cases are pending.
Progressive Infra Project India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0056398). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pipipl.in.
Company details
CIN U45200PN2013PTC149543
Registration Number 149543
Incorporation Date 25 November 2013
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0056398
Recognitions & Rankings of Progressive Infra Project India
Contact details
Progressive Infra Project India Private Limited's registered office is in Pune, Maharashtra. Its website is pipipl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlno – 5 Sno.41/65 Sneh Vihar Co – Op Housing Society Sangam Nagar Old Sangv, I, Pune, Maharashtra, India – 411027
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Progressive Infra Project India Private Limited, buy the company report.
Comprehensive company report
Progressive Infra Project India Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Progressive Infra Project India is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Progressive Infra Project India Private Limited, buy the company report.
Financials of Progressive Infra Project India Private Limited
FY 2022 filings availableProgressive Infra Project India Private Limited reported revenue of ₹29.88 Cr (up 117% YoY) for FY 2022.
Revenue · FY 2022
₹29.88 Cr ▲ 117%
Net profit · FY 2022
₹151 margin 0%
EBITDA · FY 2022
₹271 margin 0%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 117%
3 years · compounded
▼ 97%
5 years · compounded
▼ 86%
EBITDA CAGR growth
1 year
▲ 231%
3 years · compounded
▼ 97%
5 years · compounded
▼ 86%
Revenue rose 117% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 86%. EBITDA rose 231% 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹271 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹151 | ||||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
| 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 | |||||
To see the full financial statements and ratios of Progressive Infra Project India Private Limited, buy the company report.
Board of directors of Progressive Infra Project India Private Limited
Progressive Infra Project India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinee Santosh Mane | Director | 25 Nov 2013 | 12 Years 11 Months | Current |
| Santosh Sudhakar Mane Also directs: Progressive Builders and Developers Private Limited | Director | 25 Nov 2013 | 12 Years 11 Months | Current |
Auditor
Progressive Infra Project India Private Limited is audited by DASHPUTE AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASHPUTE AND ASSOCIATES | FY 2022 | 145758W |
Shareholding
The shareholding of Progressive Infra Project India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Infra Project India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.21 Cr
Satisfied charges
₹7.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2022 | 100605774 | Axis Bank Limited | ₹2.01 Cr | Open | |
| 13 Apr 2022 | 100573921 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 12 Jun 2018 | 100248242 | Others | ₹1.2 Cr | Open | |
| 23 Dec 2016 | 100067721 | Others | ₹6.04 Cr | Satisfied | |
| 23 Dec 2014 | 10538838 | Hdfc Bank Limited | ₹1.75 Cr | Satisfied |
To see the full charge records of Progressive Infra Project India Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Progressive Infra Project India Private Limited has 11 court cases on record: 11 filed against it. 7 cases are pending and 4 are disposed.
Total cases
11
Filed against the company
11
Pending
7
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 7 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by SMFG India Credit Company Ltd | Disposed |
To see the full case history of Progressive Infra Project India Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Infra Project India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Infra Project India Private Limited has a workforce of 35 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
35
Active EPFO establishments
1
Employee growth
-33.96%
GST
Progressive Infra Project India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP4728L1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Infra Project India Private Limited, buy the company report.
Recent activity
Progressive Infra Project India Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Ashwinee Santosh Mane was appointed as Director on 25 Nov 2013.
Charges
A charge registered on 23 Dec 2016 via Charge ID 100067721 with Others was fully satisfied on 11 Oct 2022.
AGM
Progressive Infra Project India Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 201.00 Lakh with Charge ID 100605774 was registered on 29 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 100573921 was registered on 13 Apr 2022.
Filing
Progressive Infra Project India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Pune.
Charges
A charge with Others of Rs. 604.34 Lakh registered on 23 Dec 2016 with Charge ID 100067721 was modified on 02 Jul 2020.
Charges
A charge with Others amounted to Rs. 119.85 Lakh with Charge ID 100248242 was registered on 12 Jun 2018.
Charges
A charge registered on 23 Dec 2014 via Charge ID 10538838 with Hdfc Bank Limited was fully satisfied on 15 Nov 2017.
Charges
A charge with Others amounted to Rs. 604.34 Lakh with Charge ID 100067721 was registered on 23 Dec 2016.
Charges
A charge with Hdfc Bank Limited of Rs. 175.00 Lakh registered on 23 Dec 2014 with Charge ID 10538838 was modified on 26 Aug 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 175.00 Lakh with Charge ID 10538838 was registered on 23 Dec 2014.
Appointed
Ashwinee Santosh Mane was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Progressive Infra Project India is an active private limited company based in Pune, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 25 November 2013 (13+ years old) and is registered under CIN U45200PN2013PTC149543.
Progressive Infra Project India has 2 current directors:
- Ashwinee Santosh Mane - Director
- Santosh Sudhakar Mane - Director
The latest financial statements of Progressive Infra Project India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Infra Project India is 27AAHCP4728L1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progressive Infra Project India is U45200PN2013PTC149543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Infra Project India has 11 court cases on record: 11 filed against it. 7 are pending.
Progressive Infra Project India was incorporated on 25 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
Ashwinee Santosh Mane was appointed as Director on 25 Nov 2013. Santosh Sudhakar Mane was appointed as Director on 25 Nov 2013.
Yes, Progressive Infra Project India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0056398).
Progressive Infra Project India can be reached through the website pipipl.in. Its registered office is in Pune, Maharashtra, India.
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