Progressive Powercon Private Limited
About Progressive Powercon Private Limited
Data last updated:
Progressive Powercon Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31300PN2008PTC132028. Its GSTIN is 27AAECP7360F1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Swati Kedar Ganoo and Kedar Jayant Ganoo.
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 A 2/8 Sweta Society Sinhgad Road, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.37 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹7.11 Lakh (net margin 1.1%) and EBITDA of ₹9.98 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA 2/8 Sweta Society Sinhgad Road, Pune, Maharashtra, India – 411030
- 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 Powercon Private Limited
The main business activity of Progressive Powercon is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment | 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 Powercon Private Limited FY 2025 filings available
Progressive Powercon Private Limited reported revenue of ₹6.37 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Powercon Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 40% growth in the latest year. EBITDA rose 104% 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 Powercon 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.11 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 Powercon Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Powercon 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 Powercon Private Limited
Progressive Powercon Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Chemicals, Industrial Products 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 |
|---|---|---|---|---|---|---|
| Unitrade Abrapack Private Limited | ₹6.39 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Aurangabad, Maharashtra, India |
| Lex Technoaid International Private Limited | ₹6.39 Cr (FY 2024) | •••• | •••• | 58.0% | •••• | Bangalore, Karnataka, India |
| M V K Chemicals Private Limited | ₹6.38 Cr (FY 2022) | •••• | •••• | -19.0% | •••• | Dombivli, Maharashtra, India |
| STG Refractory Services Private Limited | ₹6.38 Cr (FY 2024) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Filwel Products India Private Limited | ₹6.37 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Progressive Powercon Private Limited this company | ₹6.37 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Pune, Maharashtra, India |
| Chappaly Industries Private Limited | ₹6.37 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Hyderabad, Telangana, India |
| Gepil Infrastructure Private Limited | ₹6.37 Cr (FY 2024) | •••• | •••• | 4557.0% | •••• | Mumbai, Maharashtra, India |
| Vatten Chemicals Private Limited | ₹6.37 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mohali, Punjab, India |
| Asian Peroxides Private Limited | ₹6.36 Cr (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Bhavin Tech Consultants Private Limited | ₹6.36 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Progressive Powercon by revenue in the Machinery and Equipment industry (Industrial Chemicals, Industrial Products 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 Powercon Private Limited
Progressive Powercon Private Limited is audited by DNYANESH VITHAL SHINDE for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DNYANESH VITHAL SHINDE | 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 Powercon Private Limited
Progressive Powercon has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swati Kedar Ganoo | Director | 16 May 2008 | 18 Years 4 Months | Current |
| Kedar Jayant Ganoo | Director | 16 May 2008 | 18 Years 4 Months | Current |
| Siddhi Kedar Ganoo | Director | 21 Jul 2025 | 1 Years 2 Months | Current |
Ownership and Shareholding of Progressive Powercon 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 Powercon Private Limited
Progressive Powercon Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Progressive Powercon Private Limited
Progressive Powercon Private Limited has 3 court cases on record: 3 filed by Progressive Powercon. 1 case is pending and 2 are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against Nifa Electronics Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Nifa Electronics Private Limited | Disposed |
Full case history
All 3 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 Powercon Private Limited
Progressive Powercon Private Limited has a workforce of 20 employees as of Dec 30, 2025.
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 Powercon Private Limited
Progressive Powercon Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Siddhi Kedar Ganoo was appointed as Director on 21 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Powercon 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 Powercon 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 Powercon 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 Powercon Private Limited
Progressive Powercon has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP7360F1ZC | Maharashtra | 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 Powercon 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 Powercon Private Limited
Progressive Powercon is an active private limited company based in Pune, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 May 2008 (18+ years old) and is registered under CIN U31300PN2008PTC132028.
Progressive Powercon reported revenue of ₹6.37 Cr for FY 2025 (up 40% YoY).
Progressive Powercon has 3 current directors:
- Swati Kedar Ganoo - Director
- Kedar Jayant Ganoo - Director
- Siddhi Kedar Ganoo - Director
Progressive Powercon reported a net profit of ₹7.11 Lakh (net margin 1.1%) and EBITDA of ₹9.98 Lakh (EBITDA margin 1.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Powercon is -5% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 40%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Progressive Powercon is 27AAECP7360F1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progressive Powercon is U31300PN2008PTC132028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Powercon has 3 court cases on record: 3 filed by the company. 1 is pending.
Progressive Powercon was incorporated on 16 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Progressive Powercon by revenue are Unitrade Abrapack Private Limited, Lex Technoaid International Private Limited, M V K Chemicals Private Limited, STG Refractory Services Private Limited, Filwel Products India Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Chemicals, Industrial Products Manufacturers).
Siddhi Kedar Ganoo was appointed as Director on 21 Jul 2025. Kedar Jayant Ganoo was appointed as Director on 16 May 2008. Swati Kedar Ganoo was appointed as Director on 16 May 2008.