Progressive Solar & Power Solutions Private Limited
About Progressive Solar & Power Solutions Private Limited
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Progressive Solar & Power Solutions Private Limited is a private limited company based in Udaipur, Rajasthan, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 08 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U74999RJ2019PTC064243. Its GSTIN is 08AAKCP4190R1ZJ (Rajasthan).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sachin Singhvi and Darshna Singhvi.
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 Singhvi Square Cp 11 Lower Ground Madri Industrial Area Near Ucci, Udaipur, Rajasthan, India – 313001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.45 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹2.18 Lakh (net margin 0.5%) and EBITDA of ₹11.31 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 39% over five years.
As per MCA filings, the company has open charges of ₹94.2 Lakh on record.
Company details
Contact details
Progressive Solar & Power Solutions Private Limited's registered office is in Udaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSinghvi Square Cp 11 Lower Ground Madri Industrial Area Near Ucci, Udaipur, Rajasthan, India – 313001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Progressive Solar & Power Solutions 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
Business activity
The main business activity of Progressive Solar & Power Solutions 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 Solar & Power Solutions Private Limited, buy the company report.
Financials of Progressive Solar & Power Solutions Private Limited
FY 2025 filings availableProgressive Solar & Power Solutions Private Limited reported revenue of ₹4.45 Cr (up 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 49% growth in the latest year. EBITDA rose 209% 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 | ₹11.31 Lakh | ||||
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| Net Profit (PAT) | ₹2.18 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Progressive Solar & Power Solutions Private Limited, buy the company report.
Board of directors of Progressive Solar & Power Solutions Private Limited
Progressive Solar & Power Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Singhvi | Director | 08 Mar 2019 | 7 Years 7 Months | Current |
| Darshna Singhvi Also directs: Sachin Motors Private Limited | Director | 08 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Progressive Solar & Power Solutions Private Limited is audited by DARPAN LODHA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DARPAN LODHA & CO | FY 2022 | 019320C |
Shareholding
The shareholding of Progressive Solar & Power Solutions Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Progressive Solar & Power Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101072635 | Canara Bank | ₹80 Lakh | Open | |
| 28 Jun 2024 | 100939093 | Others | ₹14.2 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Progressive Solar & Power Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Solar & Power Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Solar & Power Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAKCP4190R1ZJ | Rajasthan | Active | 26 Mar 2019 |
To see the full GST registrations and return filing status of Progressive Solar & Power Solutions Private Limited, buy the company report.
Recent activity
Progressive Solar & Power Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Darshna Singhvi was appointed as Director on 08 Mar 2019.
Frequently asked questions
Progressive Solar & Power Solutions is an active private limited company based in Udaipur, Rajasthan, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 08 March 2019 (7+ years old) and is registered under CIN U74999RJ2019PTC064243.
Progressive Solar & Power Solutions has 2 current directors:
- Sachin Singhvi - Director
- Darshna Singhvi - Director
The latest financial statements of Progressive Solar & Power Solutions 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 FY 2019 are in the company report.
The GSTIN of Progressive Solar & Power Solutions is 08AAKCP4190R1ZJ, registered in Rajasthan.
The CIN (Corporate Identification Number) of Progressive Solar & Power Solutions is U74999RJ2019PTC064243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Solar & Power Solutions was incorporated on 08 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
Darshna Singhvi was appointed as Director on 08 Mar 2019. Sachin Singhvi was appointed as Director on 08 Mar 2019.
The registered office of Progressive Solar & Power Solutions is at Singhvi Square Cp 11 Lower Ground Madri Industrial Area Near Ucci, Udaipur, Rajasthan, India – 313001.
Progressive Solar & Power Solutions operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Progressive Solar & Power Solutions has open charges of ₹94.2 Lakh and no satisfied charges on record as per latest MCA filings.