MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-WB-10-0037721
Progressive Sales Pvt Ltd
Progressive Sales Pvt Ltd - agriculture in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹11.72 Cr
▲ 5066% YoY
Net profit · FY 2022
₹3.63 Lakh
Net margin 0.3%
EBITDA · FY 2022
₹5.33 Lakh
EBITDA margin 0.5%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Company age
38 yrs
Est. 1988
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Progressive Sales Pvt Ltd
Data last updated:
Progressive Sales Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 29 September 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U63090WB1988PTC045291. Its GSTIN is 19AABCP8533H1Z7 (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors Aditi Bhalotia and Sunil Bhalotia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9 Jagmohan Mullick Lane., Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.63 Lakh (net margin 0.3%) and EBITDA of ₹5.33 Lakh (EBITDA margin 0.5%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 41% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Progressive Sales Pvt Ltd is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-WB-10-0037721). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U63090WB1988PTC045291
Registration Number 045291
Incorporation Date 29 September 1988
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-WB-10-0037721
Key People
Aditi Bhalotia Director Sunil Bhalotia Director Recognitions & Rankings of Progressive Sales
Contact details
Progressive Sales Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Jagmohan Mullick Lane., Kolkata, West Bengal, India – 700007
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Progressive Sales Pvt Ltd, buy the company report.
Comprehensive company report
Progressive Sales Pvt Ltd - 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 Sales is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Progressive Sales Pvt Ltd, buy the company report.
Financials of Progressive Sales Pvt Ltd
FY 2024 filings availableProgressive Sales Pvt Ltd reported revenue of ₹11.72 Cr (up 5066% YoY) for FY 2022.
Revenue · FY 2022
₹11.72 Cr ▲ 5066%
Net profit · FY 2022
₹3.63 Lakh margin 0.3%
EBITDA · FY 2022
₹5.33 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 34%
5 years · compounded
▼ 41%
EBITDA CAGR growth
3 years · compounded
▲ 28%
5 years · compounded
▼ 25%
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years. 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 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 | ₹11.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.63 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Sales Pvt Ltd, buy the company report.
Board of directors of Progressive Sales Pvt Ltd
Progressive Sales has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditi Bhalotia | Director | 10 Jun 2014 | 12 Years 4 Months | Current |
| Sunil Bhalotia Also directs: Shankar Plywood Private Limited | Director | 20 Mar 1991 | 35 Years 7 Months | Current |
Peer comparison
Progressive Sales Pvt Ltd is compared with the 5 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fresh -O- Veg Private Limited | ₹11.73 Cr (FY 2025) | 18.0% | Indore, Madhya Pradesh, India | |||
| Rajeshwari Essentials Private Limited | ₹11.72 Cr (FY 2025) | 13.0% | Varanasi, Uttar Pradesh, India | |||
| Progressive Sales Pvt Ltdthis company | ₹11.72 Cr (FY 2022) | ₹3.63 Lakh | 0.3% | 5066.0% | Kolkata, West Bengal, India | |
| Venkateswara Agro-Vet Associates Private Limited | ₹11.72 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Ski Food and Feed Private Limited | ₹11.71 Cr (FY 2025) | -57.0% | Kolkata, West Bengal, India | |||
| Rajahrani Impex Private Limited | ₹11.71 Cr (FY 2024) | -22.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Progressive Sales Pvt Ltd, buy the company report.
Auditor
Progressive Sales Pvt Ltd is audited by A K BHALOTIA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K BHALOTIA | FY 2022 | 329475E |
Shareholding
The shareholding of Progressive Sales Pvt Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Sales Pvt Ltd, buy the company report.
Legal cases
Progressive Sales Pvt Ltd has 1 court case on record: 1 filed by Progressive Sales. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against North End Foods Marketing Pvt Ltd | Disposed |
To see the full case history of Progressive Sales Pvt Ltd, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Sales Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Sales has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP8533H1Z7 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Sales Pvt Ltd, buy the company report.
Recent activity
Progressive Sales Pvt Ltd has 6 board changes on record since 1991: 2 appointments and 4 cessations. The latest: Shrikant Bhalotia ceased to be Director on 08 Nov 2022.
AGM
Progressive Sales Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Progressive Sales Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Ceased
Shrikant Bhalotia ceased to be Director.
Ceased
Shashi Bhalotia ceased to be Director.
Appointed
Aditi Bhalotia was appointed as Director.
Ceased
Shreeram Bhalotia ceased to be Director.
Ceased
Sudhir Bhalotia ceased to be Director.
Appointed
Sunil Bhalotia was appointed as Director.
Incorporation
29 Sep 1988
Progressive Sales Pvt Ltd was registered on 29 Sep 1988 with Roc Kolkata & aged 38 years 1 month as per MCA records.
Frequently asked questions
Progressive Sales is an active private limited company based in Kolkata, West Bengal, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 29 September 1988 (38+ years old) and is registered under CIN U63090WB1988PTC045291.
Progressive Sales has 2 current directors:
- Aditi Bhalotia - Director
- Sunil Bhalotia - Director
The latest financial statements of Progressive Sales on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Sales is 19AABCP8533H1Z7, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Progressive Sales is U63090WB1988PTC045291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Sales has 1 court case on record: 1 filed by the company.
Progressive Sales was incorporated on 29 September 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Progressive Sales by revenue are Fresh -O- Veg Private Limited, Rajeshwari Essentials Private Limited, Venkateswara Agro-Vet Associates Private Limited, Ski Food and Feed Private Limited, Rajahrani Impex Private Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Shrikant Bhalotia ceased to be Director on 08 Nov 2022. Shashi Bhalotia ceased to be Director on 14 Feb 2017. Aditi Bhalotia was appointed as Director on 10 Jun 2014. Progressive Sales has 6 board changes on record in total.
Yes, Progressive Sales is registered as an MSME under Udyam registration (number: UDYAM-WB-10-0037721).
The registered office of Progressive Sales is at 9 Jagmohan Mullick Lane., Kolkata, West Bengal, India – 700007.
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