Progressive Services Ltd - Company Profile

It is a financial services public limited company based in Kolkata, West Bengal, India, established in 1983.
1983 Kolkata, West Bengal, India Active
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About Progressive Services Ltd

Progressive Services Ltd, a active public limited company, was established on 18 August 1983 in Kolkata, West Bengal, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U51909WB1983PLC047820. Registered under ROC Roc Kolkata I. it is unlisted. It has an authorized capital of ₹2.28 Cr and a paid-up capital of ₹1.99 Cr.

It upholds a compliant status. Its leadership includes Ashok Kumar Jain (Managing Director), Hari Lal Mullick (Director), Rishabh Jain (Additional Director). Past directors included Sanjay Atha, Ashok Kumar Jain, Jitesh Bavishi. It holds ₹0.50 M open charges and ₹1.00 M settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 53C Mirza Ghalib Street, Kolkata, West Bengal, 700016.

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

    +91-XXXXXXXXXX

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

Company Details

  • CIN/LLPIN

    U51909WB1983PLC047820

  • Registration Number

    047820

  • Incorporation Date

    18 August 1983

  • Authorized Capital

    ₹2.28 Cr

  • Paid-Up Capital

    ₹1.99 Cr

  • ROC Code

    Roc Kolkata I

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.28 Cr
  • Paid Up Capital ₹ 1.99 Cr
  • Company Age 42 Year, 7 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 0.50 M
  • Satisfied Charges ₹ 1.00 M
  • Revenue Growth **** -29.70%
  • Profit Growth **** -102.45%
  • Ebitda **** 29.57%
  • Net Worth -0.02%
  • Total Assets **** 2.66%
Company report

Progressive Services Ltd

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Progressive Services Ltd — 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 Services Ltd?
Current Directors
Name Designation Appointment Date Status
Ashok Kumar Jain Managing Director 21 Jan 1986 Current
Hari Lal Mullick Director 01 Dec 2004 Current
Rishabh Jain Additional Director 10 Feb 2026 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 29 Sep 2015 Past
Pramod Abcsdd Director 20 Mar 2015 Past
Pramod Abcsdd Director 20 May 2009 Past
Pramod Abcsdd Director 08 Jun 2015 Past
Pramod Abcsdd Director 26 Nov 2018 Past

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Financial Performance of Progressive Services.

Progressive Services Ltd, for the financial year ended 2022, experienced significant reduction in revenue, with a 29.7% decrease. The company also saw a substantial fall in profitability, with a 102.45% decrease in profit. The company's net worth dipped by a decrease of 0.02%.

Progressive Services revenue growth over time
Progressive Services 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
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 -29.70%
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*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 2.66%
*******
*******
*******
*******
Profit or Loss
*******
 -102.45%
*******
*******
*******
*******
Net Worth
*******
 -0.02%
*******
*******
*******
*******
EBITDA
*******
 29.57%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Services?

In 2021, Progressive Services had a promoter holding of 74.00% and a public holding of 25.99%. 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

₹500,000.00

Satisfied Charges

₹1,000,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 0.05 Cr
Latest Charge Details
Date Lender Amount Status
02 Aug 2021 Hdfc Bank Limited ₹0.50 M Open
19 May 2023 Others ₹1.00 M Satisfied

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How Many Employees Work at Progressive Services?

Unlock and access historical data on people associated with Progressive Services, 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 Services, 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 Services'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 Services
Recent Activity within the Organization
  • Director Appointment

    Rishabh Jain was appointed as a Additional Director was appointed as a Additional Director on 10 Feb 2026 & has been associated with this company since 1 month 27 days . was recorded as a recent event.

  • Annual General Meeting

    Progress on Progressive Services Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Charges

    Progress on A charge registered on 19 May 2023 via Charge ID 100726536 with Others was fully satisfied on 17 Jun 2025. was documented.

  • Balance Sheet

    Progress on Progressive Services Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100726536 was registered on 19 May 2023. was completed.

  • Charges

    Progress on A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100497401 was registered on 02 Aug 2021. was documented.

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Frequently Asked Questions
What is the CIN of Progressive Services Ltd?

The CIN of Progressive Services Ltd is U51909WB1983PLC047820.

Where is Progressive Services Ltd headquartered?

Progressive Services Ltd is headquartered at 53C Mirza Ghalib Street, Kolkata, West Bengal, 700016.

When was Progressive Services Ltd incorporated?

Progressive Services Ltd was incorporated on 18 August 1983.

Who are the current directors of Progressive Services Ltd?

The current directors of Progressive Services Ltd are

What is the primary industry of Progressive Services Ltd?

The primary industry of Progressive Services Ltd is Financial And Insurance Service.

Is Progressive Services Ltd a listed company?

Progressive Services Ltd is unlisted.

What is the capital structure of Progressive Services Ltd?

The authorized capital of Progressive Services Ltd is ₹2.28 Cr, and the paid-up capital is ₹1.99 Cr.

What is the compliance status of Progressive Services Ltd?

The compliance status of Progressive Services Ltd is Compliant.

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