About Progressive Meters Private Limited
Data last updated:
Progressive Meters Private Limited is a private limited company based in Kolkata, West Bengal, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 08 October 2013.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U33111WB2013PTC197828. Its GSTIN is 07AAHCP4036H1ZG (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Bela Rajgarhia and Rakesh Kumar Agarwal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Flat No. 2C 2nd Floor Urvashi Apartments 3 Hungerford Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.34 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹49.28 Lakh (net margin 14.7%) and EBITDA of ₹1.63 Cr (EBITDA margin 48.6%).
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹5.5 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 13 filed against it; 10 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹70.5 Lakh; the latest was in June 2018. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is R S I Switchgear Pvt Ltd with revenue of ₹51.2 Cr.
The last known website on record is progressivemeters.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No. 2C 2nd Floor Urvashi Apartments 3 Hungerford Street, Kolkata, West Bengal, India – 700017
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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 Meters Private Limited
The main business activities of Progressive Meters are manufacturing and support service to organizations. In detail, this covers computer, electronic, communication and scientific measuring & control equipment and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Meters Private Limited FY 2019 filings available
Progressive Meters Private Limited reported revenue of ₹3.34 Cr (down 11% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Progressive Meters Private Limited
Revenue fell 11% in the latest year. EBITDA rose 14% 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 Meters Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.34 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹49.28 Lakh | •••• | •••• | •••• | •••• |
| 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 Meters Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.7% | •••• | •••• | •••• | •••• |
| 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 Meters 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.
Board of Directors of Progressive Meters Private Limited
Progressive Meters has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Devi Rajgarhia | Additional Director | 02 Dec 2019 | 6 Years 10 Months | As last reported |
| Bela Rajgarhia Also directs: Excel International Pvt. Ltd, P.R. Properties Pvt. Ltd., Vikas Projects Pvt Ltd and 1 more | Director | 27 May 2019 | 7 Years 4 Months | As last reported |
| Rakesh Kumar Agarwal Also directs: Prachi Management Services Private Limited | Irp/Rp/Liquidator | 23 Aug 2024 | 2 Years 1 Months | As last reported |
Peer Comparison of Progressive Meters Private Limited
Progressive Meters Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| R S I Switchgear Pvt Ltd | ₹51.2 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Kolkata, West Bengal, India |
| Electrovast Solutions Private Limited | ₹51.11 Cr (FY 2024) | •••• | •••• | 222.0% | •••• | Chennai, Tamil Nadu, India |
| Swapnil Electricals Private Limited | ₹50.94 Cr (FY 2025) | •••• | •••• | 158.0% | •••• | Nashik, Maharashtra, India |
| Melcon Controls Private Limited | ₹50.89 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| W R Talwalker Brothers Private Limited | ₹50.81 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Alfa Transformers Limited Listed | ₹50.78 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bhubaneswar, Odisha, India |
| Indo-Tech Magnetics Private Limited | ₹50.69 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| Orbit Electromech India Private Limited | ₹50.66 Cr (FY 2024) | •••• | •••• | 3633.0% | •••• | Aurangabad, Maharashtra, India |
| Matel Motion and Energy Solutions Private Limited | ₹50.65 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Pune, Maharashtra, India |
| Sheetsol Private Limited | ₹50.58 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Dharsiwa, Chhattisgarh, India |
| Progressive Meters Private Limited this company | ₹3.34 Cr (FY 2019) | •••• | •••• | -11.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Progressive Meters by revenue in the Power industry (Power Equipment Manufacturers), 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 Meters Private Limited
Progressive Meters Private Limited is audited by S B DANDEKER & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S B DANDEKER & CO | 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.
Ownership and Shareholding of Progressive Meters 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 Meters Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2017 | Indian Overseas Bank | ₹5.5 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Progressive Meters Private Limited
Progressive Meters Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹70.5 Lakh; the latest was in June 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2014 | Funding round | ₹6 Lakh | Investors: Shenzen Inhemeter Company Limited |
| Jun 2014 | Funding round | ₹55.5 Lakh | Investors: 2 individuals |
| Nov 2013 | Funding round | ₹9 Lakh | Investors: 2 individuals |
Full deal history
All 4 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 Meters Private Limited
Progressive Meters Private Limited has 16 court cases on record: 3 filed by Progressive Meters, 13 filed against it. 10 cases are pending and 6 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 13 | 10 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Calzini Fashions Limited | Disposed |
| District court, South, Delhi | Court case (RCA DJ) | Filed by the company against J. S. B. Auto Private Limited | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against Jai Auto Private Limited | Disposed |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Pending |
Full case history
All 16 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 Meters Private Limited
Progressive Meters Private Limited has a workforce of 12 employees as of Mar 31, 2024.
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.
Group Structure of Progressive Meters Private Limited
Progressive Meters has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vikas Projects Pvt Ltd | U70101WB1982PTC035034 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Progressive Meters Private Limited
Progressive Meters Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Rakesh Kumar Agarwal was appointed as Irp/Rp/Liquidator on 23 Aug 2024.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Meters 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 Meters 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 Meters 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 Meters Private Limited
Progressive Meters has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCP4036H1ZG | Delhi | Active | 01 Jul 2017 |
| 08AAHCP4036H1ZE | Rajasthan | 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 Meters 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 Meters Private Limited
Progressive Meters is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Progressive Meters is a company under liquidation, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 08 October 2013 and is registered under CIN U33111WB2013PTC197828. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Progressive Meters reported revenue of ₹3.34 Cr for FY 2019 (down 11% YoY).
Progressive Meters has 3 current directors:
- Kiran Devi Rajgarhia - Additional Director
- Bela Rajgarhia - Director
- Rakesh Kumar Agarwal - Irp/Rp/Liquidator
Progressive Meters reported a net profit of ₹49.28 Lakh (net margin 14.7%) and EBITDA of ₹1.63 Cr (EBITDA margin 48.6%) for FY 2019, as per its filed financial statements.
The CIN (Corporate Identification Number) of Progressive Meters is U33111WB2013PTC197828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Meters has open charges of ₹5.5 Cr and no satisfied charges on record as per latest MCA filings.
Progressive Meters has 16 court cases on record: 3 filed by the company and 13 filed against it. 10 are pending.
Progressive Meters was incorporated on 08 October 2013. It is registered with the Registrar of Companies, Kolkata.
Progressive Meters has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹70.5 Lakh; the latest was in June 2018.
The peers of Progressive Meters by revenue are R S I Switchgear Pvt Ltd, Electrovast Solutions Private Limited, Swapnil Electricals Private Limited, Melcon Controls Private Limited, W R Talwalker Brothers Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).