Startup India Government of India
Progressive Logistics Private Limited
Progressive Logistics Private Limited - transport and logistics in Cuttack, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹89.75 Cr
▲ 1251% YoY
Net profit · FY 2022
₹2.17 Cr
Net margin 2.4%
EBITDA · FY 2022
₹4.32 Cr
EBITDA margin 4.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹9 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
9
Provident fund records
About Progressive Logistics Private Limited
Data last updated:
Progressive Logistics Private Limited is a private limited company based in Cuttack, Odisha, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 14 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U60222OR2020PTC034138. Its GSTIN is 21AALCP4220B1Z4 (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohammad Salik Iqbal (Managing Director) and Mohammed Sarwat Hussain.
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 Plot No – 3039 Gopalpur, Cuttack, Odisha, India – 753011.
As per the financials filed for FY 2022, the company reported a revenue of ₹89.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.17 Cr (net margin 2.4%) and EBITDA of ₹4.32 Cr (EBITDA margin 4.8%).
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9 Cr on record.
Progressive Logistics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0011852).
Company Details of Progressive Logistics Private Limited
CIN U60222OR2020PTC034138
Registration Number 034138
Incorporation Date 14 September 2020
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-OD-19-0011852
Recognitions & Rankings of Progressive Logistics
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-19-0011852
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No – 3039 Gopalpur, Cuttack, Odisha, India – 753011
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
Comprehensive company report
Progressive Logistics 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Progressive Logistics Private Limited FY 2025 filings available
Progressive Logistics Private Limited reported revenue of ₹89.75 Cr (up 1251% YoY) for FY 2022.
Revenue · FY 2022
₹89.75 Cr ▲ 1251%
Net profit · FY 2022
₹2.17 Cr margin 2.4%
EBITDA · FY 2022
₹4.32 Cr margin 4.8%
Financial Statement Summary of Progressive Logistics Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹89.75 Cr | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹4.32 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹2.17 Cr | •••• |
| 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 Logistics Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.8% | •••• |
| Net Profit Margin | 2.4% | •••• |
| 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 Logistics are in the company report.
Premium access
Financial statements from FY 2021
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.
Board of Directors of Progressive Logistics Private Limited
Progressive Logistics has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammad Salik Iqbal | Managing Director | 14 Sep 2020 | 6 Years 1 Months | Current |
| Mohammed Sarwat Hussain | Director | 14 Sep 2020 | 6 Years 1 Months | Current |
Auditor Details of Progressive Logistics Private Limited
Progressive Logistics Private Limited is audited by ANIL MIHIR AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANIL MIHIR AND ASSOCIATES | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Progressive Logistics Private Limited
Premium access
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 Logistics Private Limited
Open charges
₹9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jul 2021 | Others | ₹9 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Progressive Logistics Private Limited
Progressive Logistics Private Limited has a workforce of 9 employees as of Mar 23, 2024.
Employee count
9
Active EPFO establishments
1
Employee growth
-25%
Premium access
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 Logistics Private Limited
Progressive Logistics Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mohammad Salik Iqbal was appointed as Managing Director on 14 Sep 2020.
AGM
Progressive Logistics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Others amounted to Rs. 900.00 Lakh with Charge ID 100469947 was registered on 21 Jul 2021.
Appointed
Mohammad Salik Iqbal was appointed as Managing Director.
Appointed
Mohammed Sarwat Hussain was appointed as Director.
Incorporation
14 Sep 2020
Progressive Logistics Private Limited was registered on 14 Sep 2020 with Roc Cuttack & aged 6 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Logistics Private Limited
Premium access
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 Logistics Private Limited
Premium access
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 Logistics Private Limited
Premium access
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 Logistics Private Limited
Progressive Logistics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AALCP4220B1Z4 | Odisha | Active | 21 Oct 2020 |
Premium access
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 Logistics Private Limited
Premium access
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 Logistics Private Limited
Progressive Logistics is an active private limited company based in Cuttack, Odisha, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 14 September 2020 (6+ years old) and is registered under CIN U60222OR2020PTC034138.
Progressive Logistics reported revenue of ₹89.75 Cr for FY 2022 (up 1251% YoY).
Progressive Logistics has 2 current directors:
- Mohammad Salik Iqbal - Managing Director
- Mohammed Sarwat Hussain - Director
Progressive Logistics reported a net profit of ₹2.17 Cr (net margin 2.4%) and EBITDA of ₹4.32 Cr (EBITDA margin 4.8%) for FY 2022, as per its filed financial statements.
The GSTIN of Progressive Logistics is 21AALCP4220B1Z4, registered in Odisha.
The CIN (Corporate Identification Number) of Progressive Logistics is U60222OR2020PTC034138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Logistics was incorporated on 14 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Cuttack.
Mohammad Salik Iqbal was appointed as Managing Director on 14 Sep 2020. Mohammed Sarwat Hussain was appointed as Director on 14 Sep 2020.
Yes, Progressive Logistics is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Progressive Logistics is registered as a small enterprise under Udyam registration (number: UDYAM-OD-19-0011852).