About Progressive Interactive Private Limited
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Progressive Interactive Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC285223. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mitul Jitendra Metawala and Nilesh Gordhanbhai Ramani.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 704 Prathamesh Tower Gorai Road Linking Road Opp Don Bosco School Borivali (West), Mumbai, Maharashtra, India – 400091.
As per the financials filed for FY 2020, the company reported a revenue of ₹66,732, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹59,407 (net margin -89%) and EBITDA of -₹31,185 (EBITDA margin -46.7%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years.
The company is associated with 1 brand: Progressive Interactive.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressiveinteractive.com.
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- TelephoneLocked
- Website
- Social Media
- Registered Address704 Prathamesh Tower Gorai Road Linking Road Opp Don Bosco School Borivali (West), Mumbai, Maharashtra, India – 400091
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business Activity of Progressive Interactive Private Limited
The main business activity of Progressive Interactive 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.
Financials of Progressive Interactive Private Limited FY 2020 filings available
Progressive Interactive Private Limited reported revenue of ₹66,732 (down 93% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Progressive Interactive Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 44% over three years, including a 93% fall in the latest year. EBITDA fell 122% 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 Interactive Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹66,732 | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹31,185 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹59,407 | •••• | •••• | •••• |
| 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 of Progressive Interactive Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -46.7% | •••• | •••• | •••• |
| Net Profit Margin | -89% | •••• | •••• | •••• |
| 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 Interactive are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Progressive Interactive Private Limited
Progressive Interactive Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vigor Software Development Services Private Limited | ₹66,936 (FY 2025) | •••• | •••• | 86.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Aadvika Business Consultancy Private Limited | ₹66,910 (FY 2025) | •••• | •••• | -77.0% | •••• | Bangalore, Karnataka, India |
| Jeev AI Private Limited | ₹66,865 (FY 2025) | •••• | •••• | -81.0% | •••• | Mysore, Karnataka, India |
| Zolo IT & Research Private Limited | ₹66,850 (FY 2024) | •••• | •••• | 115.0% | •••• | Madurai, Tamil Nadu, India |
| Epik Innovations Private Limited | ₹66,786 (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Progressive Interactive Private Limited this company | ₹66,732 (FY 2020) | •••• | •••• | -93.0% | •••• | Mumbai, Maharashtra, India |
| Annature Technologies Private Limited | ₹66,701 (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Entesos Enterprise Solutions Private Limited | ₹66,645 (FY 2016) | •••• | •••• | -78.0% | •••• | South Chittor, Kerala, India |
| Kaspersky Lab India Private Limited | ₹66,585 (FY 2025) | •••• | •••• | -41.0% | •••• | Vashi, Maharashtra, India |
| Adihptham Technologies Private Limited | ₹66,555 (FY 2021) | •••• | •••• | -30.0% | •••• | Bengaluru, Karnataka, India |
| Cuebook Technologies Private Limited | ₹66,513 (FY 2025) | •••• | •••• | -97.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Progressive Interactive by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progressive Interactive Private Limited
Progressive Interactive Private Limited is audited by HIREN RADADIA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIREN RADADIA & 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 Interactive Private Limited
Progressive Interactive has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitul Jitendra Metawala Also directs: Digiwinx Infotech Private Limited | Director | 26 Aug 2016 | 10 Years 1 Months | Current |
| Nilesh Gordhanbhai Ramani Also directs: Digiwinx Infotech Private Limited, Madhushay India LLP, Scantech Laser Private Limited and 2 more | Director | 30 May 2017 | 9 Years 4 Months | Current |
| Srushti Mitul Metawala | Director | 26 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Progressive Interactive 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 Interactive Private Limited
Progressive Interactive Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Progressive Interactive Private Limited
Progressive Interactive operates one associated brand: Progressive Interactive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a unified IT service suite for infrastructure management and user support. | progressiveinteractive.com |
Employees and EPFO Compliance at Progressive Interactive Private Limited
Employment history and EPFO contributions of people linked to Progressive Interactive.
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.
Recent Activity on Progressive Interactive Private Limited
Progressive Interactive Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Nilesh Gordhanbhai Ramani was appointed as Director on 30 May 2017.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Interactive 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 Interactive 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 Interactive 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.
GST Compliance of Progressive Interactive Private Limited
Progressive Interactive has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
MCA Filings & Documents of Progressive Interactive 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.
Frequently Asked Questions about Progressive Interactive Private Limited
Progressive Interactive is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC285223.
Progressive Interactive reported revenue of ₹66,732 for FY 2020 (down 93% YoY).
Progressive Interactive has 3 current directors:
- Mitul Jitendra Metawala - Director
- Nilesh Gordhanbhai Ramani - Director
- Srushti Mitul Metawala - Director
Progressive Interactive reported a net loss of ₹59,407 (net margin -89%) and EBITDA of -₹31,185 (EBITDA margin -46.7%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Interactive is -44% over three years. In the latest year (FY 2020) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
No. Progressive Interactive has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Interactive is U74999MH2016PTC285223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Interactive was incorporated on 26 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progressive Interactive by revenue are Vigor Software Development Services Private Limited, Aadvika Business Consultancy Private Limited, Jeev AI Private Limited, Zolo IT & Research Private Limited, Epik Innovations Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Nilesh Gordhanbhai Ramani was appointed as Director on 30 May 2017. Mitul Jitendra Metawala was appointed as Director on 26 Aug 2016. Srushti Mitul Metawala was appointed as Director on 26 Aug 2016.
Progressive Interactive can be reached through the website progressiveinteractive.com. Its registered office is in Mumbai, Maharashtra, India.