Progressive Motors Private Limited - Company Profile

It is a automotive private limited company based in Rajkot, Gujarat, India, established in 1999.
1999 Rajkot, Gujarat, India Active
Last Updated:
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About Progressive Motors Private Limited

Progressive Motors Private Limited, a active private limited company, was established on 10 August 1999 in Rajkot, Gujarat, India. Engaging in auto dealership & trading within the support service to organizations sector, it holds CIN: U35914GJ1999PTC036405. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹3.50 M.

It upholds a compliant status. Its leadership includes Narayandas Gangajibhai Kothari (Director), Hetalben Kalpeshbhai Kothari (Director), Kalpesh Naranbhai Kothari (Director). Past directors included Narayandas Gangajibhai Kothari. It holds ₹8.99 Cr open charges and ₹6.25 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Jimmy Park Gf Shop No 12 To 15 Jakatnaka Street, Gondal Road,, Rajkot, Gujarat, 360004.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U35914GJ1999PTC036405

  • Registration Number

    036405

  • Incorporation Date

    10 August 1999

  • Authorized Capital

    ₹5.00 M

  • Paid-Up Capital

    ₹3.50 M

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 3.50 M
  • Company Age 26 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 8.99 Cr
  • Satisfied Charges ₹ 6.25 Cr
  • Revenue Growth **** 44.73%
  • Profit Growth **** 124.59%
  • Ebitda **** -36.14%
  • Net Worth 14.43%
  • Total Assets -5.95%
Company report

Progressive Motors Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Motors Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Progressive Motors Private Limited?
Current Directors
Name Designation Appointment Date Status
Narayandas Gangajibhai Kothari Director 10 Aug 1999 Current
Hetalben Kalpeshbhai Kothari Director 10 Aug 1999 Current
Kalpesh Naranbhai Kothari Director 10 Aug 1999 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 05 Sep 2025 Past

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Financial Performance of Progressive Motors.

Progressive Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 44.73% increase. The company also saw a substantial improvement in profitability, with a 124.59% increase in profit. The company's net worth Soared by an impressive increase of 14.43%.

Progressive Motors revenue growth over time
Progressive Motors profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 44.73%
*******
*******
*******
*******
Revenue from Operations
*******
 45.34%
*******
*******
*******
*******
Total Assets
*******
 -5.95%
*******
*******
*******
*******
Profit or Loss
*******
 124.59%
*******
*******
*******
*******
Net Worth
*******
 14.43%
*******
*******
*******
*******
EBITDA
*******
 -36.14%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Motors?

In 2023, Progressive Motors had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹89,921,000.00

Satisfied Charges

₹62,500,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 4.69 Cr
  • Others : 4.00 Cr
  • Citizens Co-Operative Bank Limited : 0.30 Cr
Latest Charge Details
Date Lender Amount Status
29 Nov 2017 State Bank Of India ₹4.69 Cr Open
08 Oct 2012 Citizens Co-Operative Bank Limited ₹3.00 M Open
07 Feb 2009 Others ₹4.00 Cr Open
21 Jun 2007 The Hongkong And Shanghai Banking Corporation Ltd ₹3.50 Cr Satisfied
29 Mar 2006 Standard Chartered Bank ₹2.75 Cr Satisfied

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How Many Employees Work at Progressive Motors?

Unlock and access historical data on people associated with Progressive Motors, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Motors, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Motors's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Progressive Motors
Recent Activity within the Organization
  • Annual General Meeting

    Progressive Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Progressive Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was documented.

  • Charges

    A charge with State Bank Of India of Rs. 46.92 M registered on 29 Nov 2017 with Charge ID 100140993 was modified on 23 Jun 2020. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 21 Jun 2007 via Charge ID 10058650 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 08 Mar 2019. was documented.

  • Charges

    A charge registered on 29 Mar 2006 via Charge ID 10002909 with Standard Chartered Bank was fully satisfied on 11 Dec 2017. was recorded as a recent event.

  • Charges

    Progress on A charge with State Bank Of India amounted to Rs. 46.92 M with Charge ID 100140993 was registered on 29 Nov 2017. was documented.

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Frequently Asked Questions
What is the CIN of Progressive Motors Private Limited?

The CIN of Progressive Motors Private Limited is U35914GJ1999PTC036405.

Where is Progressive Motors Private Limited headquartered?

Progressive Motors Private Limited is headquartered at Jimmy Park Gf Shop No 12 To 15 Jakatnaka Street, Gondal Road,, Rajkot, Gujarat, 360004.

When was Progressive Motors Private Limited incorporated?

Progressive Motors Private Limited was incorporated on 10 August 1999.

Who are the current directors of Progressive Motors Private Limited?

The current directors of Progressive Motors Private Limited are

What is the primary industry of Progressive Motors Private Limited?

The primary industry of Progressive Motors Private Limited is Support Service To Organizations.

Is Progressive Motors Private Limited a listed company?

Progressive Motors Private Limited is unlisted.

What is the capital structure of Progressive Motors Private Limited?

The authorized capital of Progressive Motors Private Limited is ₹5.00 M, and the paid-up capital is ₹3.50 M.

What is the compliance status of Progressive Motors Private Limited?

The compliance status of Progressive Motors Private Limited is Compliant.

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