MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0134307
Progressive Polytex Private Limited
Progressive Polytex Private Limited - metals and minerals in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.7 Cr
▲ 9% YoY
Net profit · FY 2024
₹33,351
Net margin 0.1%
EBITDA · FY 2024
₹8.25 Lakh
EBITDA margin 3%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹9.2 Lakh
Issued & subscribed
Open charges
₹40.59 Lakh
Secured borrowings
Company age
33 yrs
Est. 1993
Directors on board
3
As per MCA filings
About Progressive Polytex Private Limited
Data last updated:
Progressive Polytex Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 17 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25111KA1993PTC014108. Its GSTIN is 29AABCP0263C1ZT (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹9.2 Lakh. It is led by directors including Satish Kumar Dalmiya (Managing Director) and Aradhana Dalmiya.
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 No.240 – 241 2nd Floor Raheja Arcade Koramangala Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.7 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹33,351 (net margin 0.1%) and EBITDA of ₹8.25 Lakh (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹40.59 Lakh on record.
Progressive Polytex Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0134307). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25111KA1993PTC014108
Registration Number 014108
Incorporation Date 17 March 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0134307
CIN history
Progressive Polytex has one previous CIN (Corporate Identification Number): U25110KA1993PTC014108. The current CIN is U25111KA1993PTC014108, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25111KA1993PTC014108 | Current |
| U25110KA1993PTC014108 | Previous |
Key People
Satish Kumar Dalmiya Managing Director Aradhana Dalmiya Director Devashish Dalmiya Director Recognitions & Rankings of Progressive Polytex
Contact details
Progressive Polytex Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.240 – 241 2nd Floor Raheja Arcade Koramangala Bangalore, Karnataka, India – 560095
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Progressive Polytex Private Limited, buy the company report.
Comprehensive company report
Progressive Polytex Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Progressive Polytex is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Progressive Polytex Private Limited, buy the company report.
Financials of Progressive Polytex Private Limited
FY 2025 filings availableProgressive Polytex Private Limited reported revenue of ₹2.7 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹2.7 Cr ▲ 9%
Net profit · FY 2024
₹33,351 margin 0.1%
EBITDA · FY 2024
₹8.25 Lakh margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 18%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 3%
5 years · compounded
▲ 11%
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 40% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹8.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33,351 | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Progressive Polytex Private Limited, buy the company report.
Board of directors of Progressive Polytex Private Limited
Progressive Polytex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aradhana Dalmiya | Director | 01 Jul 1994 | 32 Years 3 Months | Current |
| Satish Kumar Dalmiya | Managing Director | 17 Mar 1993 | 33 Years 7 Months | Current |
| Devashish Dalmiya Also directs: Arthashastra Securities Consultancy Private Limited | Director | 11 Nov 2013 | 12 Years 11 Months | Current |
Auditor
Progressive Polytex Private Limited is audited by DAGLIYA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAGLIYA & CO | FY 2019 | 000671S |
Shareholding
The shareholding of Progressive Polytex Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Progressive Polytex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40.59 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2025 | 101216717 | Hdfc Bank Limited | ₹20.09 Lakh | Open | |
| 19 May 2023 | 100735447 | Hdfc Bank Limited | ₹7.5 Lakh | Open | |
| 10 Nov 2020 | 100408740 | Hdfc Bank Limited | ₹13 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Progressive Polytex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Polytex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Polytex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCP0263C1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Polytex Private Limited, buy the company report.
Recent activity
Progressive Polytex Private Limited has 5 board changes on record since 1993: 3 appointments and 2 cessations. The latest: Devashish Dalmiya ceased to be Additional Director on 30 Sep 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.09 Lakh with Charge ID 101216717 was registered on 31 Dec 2025.
AGM
Progressive Polytex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Progressive Polytex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.50 Lakh with Charge ID 100735447 was registered on 19 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.00 Lakh with Charge ID 100408740 was registered on 10 Nov 2020.
Ceased
Devashish Dalmiya ceased to be Additional Director.
Appointed
Devashish Dalmiya was appointed as Director.
Ceased
Sanjay Malpani ceased to be Director.
Appointed
Aradhana Dalmiya was appointed as Director.
Appointed
Satish Kumar Dalmiya was appointed as Managing Director.
Incorporation
17 Mar 1993
Progressive Polytex Private Limited was registered on 17 Mar 1993 with Roc Bangalore & aged 33 years 7 months as per MCA records.
Frequently asked questions
Progressive Polytex is an active private limited company based in Bangalore, Karnataka, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 17 March 1993 (33+ years old) and is registered under CIN U25111KA1993PTC014108.
Progressive Polytex has 3 current directors:
- Satish Kumar Dalmiya - Managing Director
- Aradhana Dalmiya - Director
- Devashish Dalmiya - Director
The latest financial statements of Progressive Polytex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Polytex is 29AABCP0263C1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Progressive Polytex is U25111KA1993PTC014108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Polytex was incorporated on 17 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Devashish Dalmiya ceased to be Additional Director on 30 Sep 2014. Devashish Dalmiya was appointed as Director on 11 Nov 2013. Sanjay Malpani ceased to be Director on 06 Jun 2008. Progressive Polytex has 5 board changes on record in total.
Yes, Progressive Polytex is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0134307).
The registered office of Progressive Polytex is at No.240 – 241 2nd Floor Raheja Arcade Koramangala Bangalore, Karnataka, India – 560095.
Progressive Polytex operates in the metals and minerals industry, in the construction materials retail and distribution segment.
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