MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-DL-03-0017847
Progressive Outsourcing Private Limited - food and beverages in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.25 Cr
▼ 19% YoY
Net profit · FY 2022
₹1.01 Lakh
Net margin 0.4%
EBITDA · FY 2022
₹2.13 Lakh
EBITDA margin 0.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Secured borrowings
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
About Progressive Outsourcing Private Limited
Data last updated:
Progressive Outsourcing Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 18 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2009PTC190404. Its GSTIN is 09AAFCP0614H3ZK (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amit Kumar and Sujit Kumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 1982/9 Ff Chuna Mandi Paharganj, New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.25 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.01 Lakh (net margin 0.4%) and EBITDA of ₹2.13 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹10 Lakh on record.
Progressive Outsourcing Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0017847). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressiveshelters.com.
Company Details of Progressive Outsourcing Private Limited
CIN U74900DL2009PTC190404
Registration Number 190404
Incorporation Date 18 May 2009
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-03-0017847
Key People
Amit Kumar Director Sujit Kumar Director Recognitions & Rankings of Progressive Outsourcing
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1982/9 Ff Chuna Mandi Paharganj, New Delhi, Delhi, India – 110055
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
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Business Activity of Progressive Outsourcing Private Limited
The main business activity of Progressive Outsourcing is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Progressive Outsourcing Private Limited FY 2022 filings available
Progressive Outsourcing Private Limited reported revenue of ₹2.25 Cr (down 19% YoY) for FY 2022.
Revenue · FY 2022
₹2.25 Cr ▼ 19%
Net profit · FY 2022
₹1.01 Lakh margin 0.4%
EBITDA · FY 2022
₹2.13 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR) of Progressive Outsourcing Private Limited
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 6%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▼ 1%
5 years · compounded
▲ 3%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA rose 19% 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 Outsourcing 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 | ₹2.13 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.01 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 Outsourcing Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Outsourcing are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Progressive Outsourcing Private Limited
Progressive Outsourcing has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar | Director | 05 Feb 2020 | 6 Years 8 Months | Current |
| Sujit Kumar Also directs: Amrasani Hills Infrastructure Private Limited | Director | 05 Feb 2020 | 6 Years 8 Months | Current |
Peer Comparison of Progressive Outsourcing Private Limited
Progressive Outsourcing Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bee Craft Honey and Spices Private Limited | ₹2.26 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Vythiri, Kerala, India |
| Sundough Enterprises Private Limited | ₹2.26 Cr (FY 2019) | •••• | •••• | 453.0% | •••• | Navi Mumbai, Maharashtra, India |
| Shree Katyayani Industries Private Limited | ₹2.26 Cr (FY 2022) | •••• | •••• | 61.0% | •••• | Vapi, Gujarat, India |
| Amuthasurabi Traders Private Limited | ₹2.26 Cr (FY 2022) | •••• | •••• | 53.0% | •••• | Tiruppur, Tamil Nadu, India |
| RSS Singh Traders and Manufacturing Private Limited | ₹2.25 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Kolkata, West Bengal, India |
| Progressive Outsourcing Private Limited this company | ₹2.25 Cr (FY 2022) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Rajshree Agro Foods Private Limited | ₹2.25 Cr (FY 2023) | •••• | •••• | -10.0% | •••• | Raipur, Chhattisgarh, India |
| Scheat Tradelinks Private Limited | ₹2.25 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Ahmedabad, Gujarat, India |
| Ushalalji Nutritions Private Limited | ₹2.25 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Jabalpur, Madhya Pradesh, India |
| Sohil Foods Private Limited | ₹2.24 Cr (FY 2024) | •••• | •••• | -94.0% | •••• | Surendranagar, Gujarat, India |
| Sarga Ingredients India Private Limited | ₹2.24 Cr (FY 2024) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Progressive Outsourcing by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), 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 Outsourcing Private Limited
Progressive Outsourcing Private Limited is audited by M SURI & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M SURI & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Progressive Outsourcing Private Limited
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Charges & Borrowings of Progressive Outsourcing Private Limited
Open charges
₹10 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Feb 2024 | Others | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Progressive Outsourcing Private Limited
Employment history and EPFO contributions of people linked to Progressive Outsourcing.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Progressive Outsourcing Private Limited
Progressive Outsourcing Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Amit Kumar ceased to be Additional Director on 20 Jul 2020.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100904733 was registered on 12 Feb 2024.
AGM
Progressive Outsourcing Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Progressive Outsourcing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Delhi Ii.
Ceased
Amit Kumar ceased to be Additional Director.
Ceased
Sujit Kumar ceased to be Additional Director.
Ceased
Manju Yadav ceased to be Director.
Ceased
Rajesh Yadav ceased to be Director.
Appointed
Amit Kumar was appointed as Director.
Appointed
Sujit Kumar was appointed as Director.
Ceased
Madhukar Suri ceased to be Director.
Incorporation
18 May 2009
Progressive Outsourcing Private Limited was registered on 18 May 2009 with Roc Delhi Ii & aged 17 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Outsourcing Private Limited
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MSME Payment Delays by Progressive Outsourcing Private Limited
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Subsidiaries & Group Companies of Progressive Outsourcing Private Limited
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GST Compliance of Progressive Outsourcing Private Limited
Progressive Outsourcing has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAFCP0614H3ZK | Uttar Pradesh | Active | 01 Jul 2017 |
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MCA Filings & Documents of Progressive Outsourcing Private Limited
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Frequently Asked Questions about Progressive Outsourcing Private Limited
Progressive Outsourcing is an active private limited company based in New Delhi, Delhi, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 18 May 2009 (17+ years old) and is registered under CIN U74900DL2009PTC190404.
Progressive Outsourcing reported revenue of ₹2.25 Cr for FY 2022 (down 19% YoY).
Progressive Outsourcing has 2 current directors:
- Amit Kumar - Director
- Sujit Kumar - Director
Progressive Outsourcing reported a net profit of ₹1.01 Lakh (net margin 0.4%) and EBITDA of ₹2.13 Lakh (EBITDA margin 0.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Outsourcing is -6% over three years and 23% over five years. In the latest year (FY 2022) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progressive Outsourcing is 09AAFCP0614H3ZK, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Outsourcing is U74900DL2009PTC190404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Outsourcing was incorporated on 18 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Progressive Outsourcing by revenue are Bee Craft Honey and Spices Private Limited, Sundough Enterprises Private Limited, Shree Katyayani Industries Private Limited, Amuthasurabi Traders Private Limited, RSS Singh Traders and Manufacturing Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution).
Amit Kumar ceased to be Additional Director on 20 Jul 2020. Sujit Kumar ceased to be Additional Director on 20 Jul 2020. Manju Yadav ceased to be Director on 26 Jun 2020. Progressive Outsourcing has 7 board changes on record in total.
Yes, Progressive Outsourcing is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-03-0017847).