About Progressive Metals Private Limited
Data last updated:
Progressive Metals Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 27 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27100WB2008PTC123204. Its GSTIN is 19AAFCP0640K1ZC (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹85 Lakh and a paid-up capital of ₹74.68 Lakh. It is led by directors Manju Poddar and Vinod Poddar.
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 23A N. S. Road 7th Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹162.18 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹5.21 Cr (net margin 3.2%) and EBITDA of ₹8.1 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹53.74 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.15 Cr; the latest was in March 2017. Its 10 peer companies in the Metals and Minerals industry (Metal Retail and Distribution, Metals) are compared by revenue, 5 larger and 5 smaller; the largest is Darukhana Steel Private Limited with revenue of ₹163.64 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressivegroup.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address23A N. S. Road 7th Floor, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Metal Retail & Distribution
- 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 Metals Private Limited
The main business activity of Progressive Metals is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Metals Private Limited FY 2025 filings available
Progressive Metals Private Limited reported revenue of ₹162.18 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Metals Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 11% growth in the latest year. EBITDA rose 32% 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 Metals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹162.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.1 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.21 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 Metals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Metals 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 Metals Private Limited
Progressive Metals Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Darukhana Steel Private Limited | ₹163.64 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Sonali Extrusions Private Limited | ₹163.54 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Coimbatore, Tamil Nadu, India |
| Alstrong Enterprises India Private Limited | ₹163.5 Cr (FY 2021) | •••• | •••• | -33.0% | •••• | New Delhi, Delhi, India |
| Bubna Commercial Private Limited | ₹162.7 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Riza Steel Limited | ₹162.24 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Indore, Madhya Pradesh, India |
| Progressive Metals Private Limited this company | ₹162.18 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Balbir Metals & Power Private Limited | ₹162.16 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Ashish Ispat Private Limited | ₹161.99 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kanpur, Uttar Pradesh, India |
| Transparent Metals & Pigments Private Limited | ₹161.92 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Delhi, India |
| Almex Industries Private Limited | ₹161.84 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Delhi, India |
| Chemoplast India Private Limited | ₹161.8 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Progressive Metals by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Metals), 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 Metals Private Limited
Progressive Metals Private Limited is audited by S Jaykishan for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S Jaykishan | 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 Metals Private Limited
Progressive Metals has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Poddar | Director | 27 Feb 2008 | 18 Years 7 Months | Current |
| Vinod Poddar | Director | 27 Feb 2008 | 18 Years 7 Months | Current |
Ownership and Shareholding of Progressive Metals 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 Metals Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Feb 2026 | Hdfc Bank Limited | ₹15 Cr | Open |
| 11 Feb 2015 | Others | ₹20 Cr | Open |
| 13 Feb 2024 | Others | ₹7 Cr | Satisfied |
| 21 Nov 2023 | Others | ₹18 Cr | Satisfied |
| 19 Jul 2023 | Others | ₹7.5 Cr | Satisfied |
Total charge records: 8 View all charges
Deals & Funding of Progressive Metals Private Limited
Progressive Metals Private Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.15 Cr; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Anuj Poddar Beneficiary Trust Seller: Shyambaba Distributors Pvt Ltd , Vashali Commercial Limited , Vitul Impex Private Limited |
| Mar 2012 | Funding round | ₹2.7 Cr | Investors: Anuj Ispat Private Limited |
| Dec 2010 | Funding round | ₹2.65 Cr | Investors: Prarambh Securities Private Limited , Suman Financial Advisory Private Limited , Shivmangal Agency Private Limited |
| May 2010 | Funding round | ₹1.35 Cr | Investors: Intellectual Securities Private Limited , Ranisati Apartments Pvt Ltd , Shyambaba Distributors Pvt Ltd |
| Apr 2010 | Funding round | ₹45 Lakh | Investors: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Progressive Metals Private Limited
Progressive Metals Private Limited has 4 court cases on record: 4 filed by Progressive Metals. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Writ petition | Filed by the company against Dy. Com. State Tax Bureau of Invest. S. Bengal | Pending |
| Calcutta High Court | Writ petition | Filed by the company against an individual | Disposed |
| Calcutta High Court | Court case (MAT) | Filed by the company against Deputy Commissioner State Tax Bureau of Investigation | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against State of West Bengal & Ors | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Progressive Metals Private Limited
Employment history and EPFO contributions of people linked to Progressive Metals.
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 Metals Private Limited
Progressive Metals Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Anuj Poddar ceased to be Director on 01 Aug 2021.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Metals 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 Metals 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 Metals 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 Metals Private Limited
Progressive Metals has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAFCP0640K1ZC | West Bengal | Active | 01 Jul 2017 |
| 22AAFCP0640K1ZP | Chattisgarh | Active | 01 Jul 2017 |
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 Metals 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 Metals Private Limited
Progressive Metals is an active private limited company based in Kolkata, West Bengal, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 27 February 2008 (18+ years old) and is registered under CIN U27100WB2008PTC123204.
Progressive Metals reported revenue of ₹162.18 Cr for FY 2025 (up 11% YoY).
Progressive Metals has 2 current directors:
- Manju Poddar - Director
- Vinod Poddar - Director
Progressive Metals reported a net profit of ₹5.21 Cr (net margin 3.2%) and EBITDA of ₹8.1 Cr (EBITDA margin 5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Metals is 6% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progressive Metals is 19AAFCP0640K1ZC, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 22AAFCP0640K1ZP (Chattisgarh).
The CIN (Corporate Identification Number) of Progressive Metals is U27100WB2008PTC123204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Metals has 4 court cases on record: 4 filed by the company. 1 is pending.
Progressive Metals was incorporated on 27 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
Progressive Metals has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.15 Cr; the latest was in March 2017.
The peers of Progressive Metals by revenue are Darukhana Steel Private Limited, Sonali Extrusions Private Limited, Alstrong Enterprises India Private Limited, Bubna Commercial Private Limited, Riza Steel Limited and 5 more, all in the Metals and Minerals industry (Metal Retail and Distribution, Metals).