MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0064111
Progressive Institutes Private Limited - education in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹75.8 Lakh
▼ 32% YoY
Net loss · FY 2024
₹25.06 Lakh
Net margin -33.1%
EBITDA · FY 2024
-₹25.06 Lakh
EBITDA margin -33.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹21.34 Cr
No open charges
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
About Progressive Institutes Private Limited
Data last updated:
Progressive Institutes Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Strive India Education Foundation. It operates in the corporate training and development segment of the education sector. It was incorporated on 19 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80301MH2008PTC183720. Its GSTIN is 27AAECP7288G1ZZ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Tarundeep Singh Anand and Manjeet Kaur Anand.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 501 Tower No. 5 Planet Godrej Keshav Rao Khade Marg Byculla (W), Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.8 Lakh, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹25.06 Lakh (net margin -33.1%) and EBITDA of -₹25.06 Lakh (EBITDA margin -33.1%). Revenue has declined at a compounded annual rate (CAGR) of 356% over three years and 12% over five years.
As per MCA filings, the company has satisfied charges of ₹21.34 Cr on record.
Progressive Institutes Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0064111). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website universalbusinessschool.com.
Company details
CIN U80301MH2008PTC183720
Registration Number 183720
Incorporation Date 19 June 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Strive India Education Foundation
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0064111
Recognitions & Rankings of Progressive Institutes
Contact details
Progressive Institutes Private Limited's registered office is in Mumbai, Maharashtra. Its website is universalbusinessschool.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 Tower No. 5 Planet Godrej Keshav Rao Khade Marg Byculla (W), Mumbai, Maharashtra, India – 400011
- IndustryEducation, Corporate Training & Development
To see the full contact details of Progressive Institutes Private Limited, buy the company report.
Comprehensive company report
Progressive Institutes 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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Financials of Progressive Institutes Private Limited
FY 2024 filings availableProgressive Institutes Private Limited reported revenue of ₹75.8 Lakh (down 32% YoY) for FY 2024.
Revenue · FY 2024
₹75.8 Lakh ▼ 32%
Net loss · FY 2024
₹25.06 Lakh margin -33.1%
EBITDA · FY 2024
-₹25.06 Lakh margin -33.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 356%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 251%
3 years · compounded
▼ 743%
5 years · compounded
▼ 48%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 32% fall in the latest year. EBITDA fell 251% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹25.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.06 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -33.1% | ||||
| Net Profit Margin | -33.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Progressive Institutes Private Limited, buy the company report.
Board of directors of Progressive Institutes Private Limited
Progressive Institutes has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarundeep Singh Anand Also directs: Strive India Education Foundation, Excolearn Private Limited | Director | 19 Jun 2008 | 18 Years 4 Months | Current |
| Manjeet Kaur Anand | Director | 16 May 2019 | 7 Years 5 Months | Current |
| Gaurav Babulal Varma Also directs: Strive India Education Foundation, Kargwal Realty Master LLP, Aqualand Resorts & Estates LLP and 5 more | Director | 06 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Progressive Institutes Private Limited is compared with the 4 companies closest to it by revenue in the Education industry (Corporate and Commercial Training), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abhinava Global Academy Private Limited | ₹75.86 Lakh (FY 2025) | -1.0% | Bengaluru, Karnataka, India | |||
| Johncey George Consulting Private Limited | ₹75.84 Lakh (FY 2024) | 40.0% | Bangalore, Karnataka, India | |||
| Progressive Institutes Private Limitedthis company | ₹75.8 Lakh (FY 2024) | -₹25.06 Lakh | -33.1% | -32.0% | Mumbai, Maharashtra, India | |
| Storysells Education Private Limited | ₹75.57 Lakh (FY 2025) | 20.0% | Pune, Maharashtra, India | |||
| Looks School of Hair and Beauty Private Limited | ₹75.52 Lakh (FY 2025) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Progressive Institutes Private Limited, buy the company report.
Auditor
Progressive Institutes Private Limited is audited by Bakliwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bakliwal & Co. | FY 2023 | 130381W |
Shareholding
The shareholding of Progressive Institutes Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Institutes Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹21.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 May 2011 | 10286873 | Central Bank of India Limited | ₹21.34 Cr | Satisfied |
To see the full charge records of Progressive Institutes Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Progressive Institutes Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Institutes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Institutes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP7288G1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Institutes Private Limited, buy the company report.
Recent activity
Progressive Institutes Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Gaurav Babulal Varma ceased to be Additional Director on 30 Nov 2021.
AGM
Progressive Institutes Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Progressive Institutes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Gaurav Babulal Varma ceased to be Additional Director.
Appointed
Gaurav Babulal Varma was appointed as Director.
Ceased
Babulal Mulchand Varma ceased to be Director.
Ceased
Manjeet Kaur Anand ceased to be Additional Director.
Appointed
Manjeet Kaur Anand was appointed as Director.
Ceased
Gurdip Singh Anand ceased to be Managing Director.
Charges
A charge registered on 16 May 2011 via Charge ID 10286873 with Central Bank Of India Limited was fully satisfied on 21 May 2018.
Charges
A charge with Central Bank Of India Limited amounted to Rs. 2,134.00 Lakh with Charge ID 10286873 was registered on 16 May 2011.
Appointed
Tarundeep Singh Anand was appointed as Director.
Incorporation
19 Jun 2008
Progressive Institutes Private Limited was registered on 19 Jun 2008 with Roc Mumbai & aged 18 years 4 months as per MCA records.
Frequently asked questions
Progressive Institutes is an active private limited company based in Mumbai, Maharashtra, India. The company works in corporate training and development, within the education industry. It was incorporated on 19 June 2008 (18+ years old) and is registered under CIN U80301MH2008PTC183720.
Progressive Institutes has 3 current directors:
- Tarundeep Singh Anand - Director
- Manjeet Kaur Anand - Director
- Gaurav Babulal Varma - Director
The latest financial statements of Progressive Institutes on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Institutes is 27AAECP7288G1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progressive Institutes is U80301MH2008PTC183720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Institutes was incorporated on 19 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progressive Institutes by revenue are Abhinava Global Academy Private Limited, Johncey George Consulting Private Limited, Storysells Education Private Limited, Looks School of Hair and Beauty Private Limited, all in the Education industry (Corporate and Commercial Training), with the same principal business activity (educational support services).
Gaurav Babulal Varma ceased to be Additional Director on 30 Nov 2021. Gaurav Babulal Varma was appointed as Director on 06 Oct 2021. Babulal Mulchand Varma ceased to be Director on 31 Mar 2021. Progressive Institutes has 7 board changes on record in total.
Yes, Progressive Institutes is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0064111).
Progressive Institutes can be reached through the website universalbusinessschool.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Progressive Institutes is at 501 Tower No. 5 Planet Godrej Keshav Rao Khade Marg Byculla W, Mumbai, Maharashtra, India – 400011.