Progressive Logistics Private Limited
About Progressive Logistics Private Limited
Data last updated:
Progressive Logistics Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the comprehensive logistics segment of the transportation and logistics sector. It was incorporated on 27 March 2001.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U63011TN2001PTC046860.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It was led by directors Rattan Lal Narula and Subbiah Rama Subramanian.
Its last annual general meeting (AGM) was held on 20 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 44 Armenian Street 2nd Floor, Chennai, Tamil Nadu, India – 600001.
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 -₹3.53 Lakh (EBITDA margin 0%).
The company was associated with 1 brand: Nitidin. As per MCA filings, the company had satisfied charges of ₹38.39 Cr on record.
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- WebsiteLocked
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- Registered Address44 Armenian Street 2nd Floor, Chennai, Tamil Nadu, India – 600001
- IndustryTransportation and Logistics, Comprehensive Logistics
- 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 Logistics Private Limited
The main business activity of Progressive Logistics is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | 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 Logistics Private Limited FY 2017 filings available
Progressive Logistics Private Limited reported revenue of ₹89.75 Cr (up 1251% YoY) for FY 2022.
Financial Statement Summary of Progressive Logistics Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.53 Lakh | •••• | •••• | •••• | •••• |
| 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 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| 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.
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.
Peer Comparison of Progressive Logistics Private Limited
Progressive Logistics Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Land Transport via Road). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atc Supply Chain Solutions Private Limited | ₹90.76 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| Jai Ambe Transmovers Private Limited | ₹90.72 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ahmedabad, Gujarat, India |
| CTC Translogistic Private Limited | ₹90.42 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Rewari, Haryana, India |
| Shreesanmati Autoexperts Private Limited | ₹90.29 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Muzaffarnagar, Uttar Pradesh, India |
| Skyblue Logistics India Limited | ₹89.79 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Ahmedabad, Gujarat, India |
| Progressive Logistics Private Limited this company | ₹89.75 Cr (FY 2022) | •••• | •••• | 1251.0% | •••• | Chennai, Tamil Nadu, India |
| M.O.Hasan Kuthoos Maricar Private Limited | ₹89.72 Cr (FY 2023) | •••• | •••• | 63.0% | •••• | Karaikal, Puducherry, India |
| Cma CGM Logistics Park (Dadri) Private Limited | ₹89.66 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Choudhary Movers Private Limited | ₹89.18 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Green Truck Private Limited | ₹88.98 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Johal Logistics Private Limited | ₹88.75 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Progressive Logistics by revenue in the same principal business activity (Land Transport via Road), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Progressive Logistics Private Limited
Progressive Logistics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rattan Lal Narula | Director | 27 Mar 2001 | 25 Years 6 Months | As last reported |
| Subbiah Rama Subramanian | Director | 10 Nov 2006 | 19 Years 11 Months | As last reported |
Charges & Borrowings of Progressive Logistics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Apr 2013 | State Bank of India | ₹2.5 Cr | Satisfied |
| 26 Jul 2011 | State Bank of India | ₹35.21 Cr | Satisfied |
| 29 Oct 2004 | Citi Union Bank Ltd | ₹68 Lakh | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Progressive Logistics Private Limited
Progressive Logistics operates one associated brand: Nitidin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Nitidin delivers digital news, subscriptions, and apps in Odisha. | nitidin.com |
Employees and EPFO Compliance at Progressive Logistics Private Limited
Employment history and EPFO contributions of people linked to Progressive Logistics.
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 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Srinivasan Janakiraman ceased to be Director on 25 Jan 2016.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Logistics 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 Logistics 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 Logistics 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 Logistics Private Limited
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
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 has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Progressive Logistics was a private limited company based in Chennai, Tamil Nadu, India. The company worked in comprehensive logistics, within the transportation and logistics industry. It was incorporated on 27 March 2001 and is registered under CIN U63011TN2001PTC046860. The company has been struck off by the Registrar of Companies and is no longer operational.
Progressive Logistics had 2 directors:
- Rattan Lal Narula - Director
- Subbiah Rama Subramanian - Director
The CIN (Corporate Identification Number) of Progressive Logistics is U63011TN2001PTC046860. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Progressive Logistics is at 44 Armenian Street 2nd Floor, Chennai, Tamil Nadu, India – 600001.
Progressive Logistics was incorporated on 27 March 2001. It is registered with the Registrar of Companies, Chennai.
Progressive Logistics reported revenue of ₹89.75 Cr for FY 2022 (up 1251% YoY).
Progressive Logistics has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh.
Progressive Logistics reported a net profit of ₹2.17 Cr (net margin 2.4%) and EBITDA of -₹3.53 Lakh (EBITDA margin 0%) for FY 2022, as per its filed financial statements.
Progressive Logistics operated in the transportation and logistics industry, in the comprehensive logistics segment. It worked in this industry before it was struck off.
No. Progressive Logistics is not listed on any stock exchange. It is an unlisted company.