Progressive Shared Services Private Limited
About Progressive Shared Services Private Limited
Data last updated:
Progressive Shared Services Private Limited was a private limited company based in New, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business process outsourcing sector. It was incorporated on 24 February 2005.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2005PTC133404. Its GSTIN is 09AABCJ7377B1ZI (Uttar Pradesh).
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.2 Lakh. It was formerly known as Progressive Consulting Services Private Limited and Jsb Software Solutions Private Limited. It was led by directors Prateek Garg and Venu Garg.
Its last annual general meeting (AGM) was held on 19 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Flat No. 6317 Sector – C Pocket – 6&7 Vasant Kunj, New, Delhi, India – 110070.
As per MCA filings, the company had satisfied charges of ₹11.75 Cr on record.
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- Registered AddressFlat No. 6317 Sector – C Pocket – 6&7 Vasant Kunj, New, Delhi, India – 110070
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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
Name History of Progressive Shared Services Private Limited
Progressive Shared Services has undergone 2 name changes throughout its history. The company was previously known as Progressive Consulting Services Private Limited, and Jsb Software Solutions Private Limited. The current legal name is Progressive Shared Services Private Limited.
| Company Name | Status |
|---|---|
| Progressive Shared Services Private Limited | Current |
| Progressive Consulting Services Private Limited | Previous |
| Jsb Software Solutions Private Limited | Previous |
CIN History of Progressive Shared Services Private Limited
Progressive Shared Services has one previous CIN (Corporate Identification Number): U72200DL2005PTC133404. The current CIN is U74999DL2005PTC133404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2005PTC133404 | Current |
| U72200DL2005PTC133404 | Previous |
Business Activity of Progressive Shared Services Private Limited
The main business activity of Progressive Shared Services is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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.
Auditor Details of Progressive Shared Services Private Limited
Progressive Shared Services Private Limited is audited by AGARWAL SETH & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGARWAL SETH & CO | 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 Shared Services Private Limited
Progressive Shared Services 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 |
|---|---|---|---|---|
| Prateek Garg | Director | 20 Jun 2019 | 7 Years 3 Months | As last reported |
| Venu Garg | Director | 20 Jun 2019 | 7 Years 3 Months | As last reported |
Financials of Progressive Shared Services Private Limited FY 2020 filings available
Financial Statement Summary of Progressive Shared Services Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Shared Services Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Shared Services 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.
Ownership and Shareholding of Progressive Shared Services 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 Shared Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 2015 | Indian Overseas Bank | ₹11.75 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Progressive Shared Services Private Limited
Employment history and EPFO contributions of people linked to Progressive Shared Services.
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.
GST Compliance of Progressive Shared Services Private Limited
Progressive Shared Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCJ7377B1ZI | Uttar Pradesh | 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.
Credit Ratings, Litigation & Regulatory Alerts for Progressive Shared Services 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 Shared Services 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 Shared Services 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.
MCA Filings & Documents of Progressive Shared Services 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.
Recent Activity on Progressive Shared Services Private Limited
Frequently Asked Questions about Progressive Shared Services Private Limited
Progressive Shared Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Progressive Shared Services was a private limited company based in New, Delhi, India. The company worked in business process outsourcing, within the business outsourcing industry. It was incorporated on 24 February 2005 and is registered under CIN U74999DL2005PTC133404. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Progressive Shared Services was incorporated on 24 February 2005. It is registered with the Registrar of Companies, Delhi.
Progressive Shared Services had 2 directors:
- Prateek Garg - Director
- Venu Garg - Director
The CIN (Corporate Identification Number) of Progressive Shared Services is U74999DL2005PTC133404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Progressive Shared Services is at Flat No. 6317 Sector – C Pocket – 6&7 Vasant Kunj, New, Delhi, India – 110070.
Progressive Shared Services has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.2 Lakh.
The GSTIN of Progressive Shared Services is 09AABCJ7377B1ZI, registered in Uttar Pradesh.
Progressive Shared Services operated in the business outsourcing industry, in the business process outsourcing segment.