About Progressive Share Brokers Private Limited
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Progressive Share Brokers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 20 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1994PTC176096. Its GSTIN is 27AAACP6712H1ZI (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Progressive Securities Private Limited. It is led by directors Aditya Anil Gaggar (Whole-Time Director) and Anirudh Anil Gaggar.
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 122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.6 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹12.03 Cr (net margin 22%) and EBITDA of ₹19.34 Cr (EBITDA margin 35.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 30% over five years.
The company has about 77 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Progressive Share Brokers. As per MCA filings, the company has open charges of ₹145 Cr and satisfied charges of ₹28.5 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progressiveshares.com.
Company details
CIN history
Progressive Share Brokers has one previous CIN (Corporate Identification Number): U67120RJ1994PTC008813. The current CIN is U67120MH1994PTC176096, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1994PTC176096 | Current |
| U67120RJ1994PTC008813 | Previous |
Contact details
Progressive Share Brokers Private Limited's registered office is in Mumbai, Maharashtra. Its website is progressiveshares.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Progressive Share Brokers Private Limited, buy the company report.
- 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
Brands
Progressive Share Brokers operates one associated brand: Progressive Share Brokers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stockbroking services and market updates are provided in India. | progressiveshares.com |
Business activity
The main business activity of Progressive Share Brokers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Progressive Share Brokers Private Limited, buy the company report.
Financials of Progressive Share Brokers Private Limited
FY 2025 filings availableProgressive Share Brokers Private Limited reported revenue of ₹54.6 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 19% growth in the latest year. EBITDA rose 25% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹19.34 Cr | ||||
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| Net Profit (PAT) | ₹12.03 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.4% | ||||
| Net Profit Margin | 22% | ||||
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To see the full financial statements and ratios of Progressive Share Brokers Private Limited, buy the company report.
Board of directors of Progressive Share Brokers Private Limited
Progressive Share Brokers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Anil Gaggar | Whole-Time Director | 12 Nov 2014 | 11 Years 11 Months | Current |
| Anirudh Anil Gaggar | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Progressive Share Brokers Private Limited is audited by BANSHI JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSHI JAIN & ASSOCIATES | FY 2023 | 100990W |
Shareholding
The shareholding of Progressive Share Brokers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Share Brokers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2024 | 100883825 | Others | ₹90 Cr | Open | |
| 26 Oct 2021 | 100501188 | Others | ₹5 Cr | Open | |
| 18 Oct 2021 | 100488830 | Others | ₹50 Cr | Open | |
| 04 Oct 2018 | 100207381 | Others | ₹10 Cr | Satisfied | |
| 03 Oct 2018 | 100207173 | Others | ₹18 Cr | Satisfied |
To see the full charge records of Progressive Share Brokers Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Progressive Share Brokers Private Limited has 5 court cases on record: 5 filed by Progressive Share Brokers. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Disposed |
To see the full case history of Progressive Share Brokers Private Limited, 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.
Credit ratings & regulatory alerts
Progressive Share Brokers Private Limited was last rated by Icra on 23 Mar 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Mar 2015 |
To see the full credit ratings and regulatory alerts of Progressive Share Brokers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Share Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Progressive Share Brokers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Progressive Comtrade Private Limited | U74899MH1995PTC175275 |
To see the full group structure of Progressive Share Brokers Private Limited, buy the company report.
Employees & EPFO
Progressive Share Brokers Private Limited has a workforce of 77 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Progressive Share Brokers has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP6712H1ZI | Maharashtra | Active | 01 Jul 2017 |
| 08AAACP6712H1ZI | Rajasthan | Active | 13 Jul 2017 |
| 19AAACP6712H1ZF | West Bengal | Active | 09 Feb 2021 |
| 33AAACP6712H1ZP | Tamil Nadu | Active | 01 Aug 2021 |
To see the full GST registrations and return filing status of Progressive Share Brokers Private Limited, buy the company report.
Recent activity
Progressive Share Brokers Private Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Anirudh Anil Gaggar ceased to be Additional Director on 30 Nov 2021.
11 earlier events are in the company report.
Frequently asked questions
Progressive Share Brokers is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 20 September 1994 (32+ years old) and is registered under CIN U67120MH1994PTC176096.
Progressive Share Brokers has 2 current directors:
- Aditya Anil Gaggar - Whole-Time Director
- Anirudh Anil Gaggar - Director
The latest financial statements of Progressive Share Brokers 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 Share Brokers is 27AAACP6712H1ZI, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 08AAACP6712H1ZI (Rajasthan), 19AAACP6712H1ZF (West Bengal), 33AAACP6712H1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Progressive Share Brokers is U67120MH1994PTC176096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Share Brokers has 5 court cases on record: 5 filed by the company. 2 are pending. Most are in the high courts.
Progressive Share Brokers was incorporated on 20 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Anirudh Anil Gaggar ceased to be Additional Director on 30 Nov 2021. Anirudh Anil Gaggar was appointed as Director on 18 Aug 2021. Mahesh Gaggar ceased to be Director on 02 Dec 2016. Progressive Share Brokers has 8 board changes on record in total.
Progressive Share Brokers can be reached through the website progressiveshares.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Progressive Share Brokers is at 122 – 123 – 124 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri W, Mumbai, Maharashtra, India – 400053.