Progressive Solutions Private Limited
About Progressive Solutions Private Limited
Data last updated:
Progressive Solutions Private Limited is a private limited company based in Solan, Himachal Pradesh, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 21 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U64202HP1994PTC010498.
The company has an authorised share capital of ₹1.37 Cr and a paid-up capital of ₹1.37 Cr. It is led by directors Deepak Thakur and Gaurav Sharma.
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 Solan, Himachal Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.13 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹3.55 Lakh (net margin 22%) and EBITDA of ₹4.22 Lakh (EBITDA margin 26.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 21% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressC/O Himalyan Pipe Industries, Ist Floor V.P.O. Saproon, Solan, Himachal Pradesh, India – 173211
- IndustryInformation Technology, Consultancy, Computer Programming
- 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
CIN History of Progressive Solutions Private Limited
Progressive Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64202HP1994PTC010498, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64202HP1994PTC010498 | Current |
| U64202PB1994PLC015470 | Previous |
| U64202HP1994PLC010498 | Previous |
Business Activity of Progressive Solutions Private Limited
The main business activity of Progressive Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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.
Board of Directors of Progressive Solutions Private Limited
Progressive Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Thakur Also directs: Plato Industries Private Limited | Director | 30 Mar 2019 | 7 Years 6 Months | Current |
| Gaurav Sharma Also directs: Himalyan Financial Services Private Limited | Director | 26 May 2025 | 1 Years 4 Months | Current |
Financials of Progressive Solutions Private Limited FY 2025 filings available
Progressive Solutions Private Limited reported revenue of ₹16.13 Lakh (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progressive Solutions Private Limited
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 58% 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 of Progressive Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.22 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.55 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 of Progressive Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 22% | •••• | •••• | •••• | •••• |
| 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 Solutions 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.
Charges & Borrowings of Progressive Solutions Private Limited
Progressive Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progressive Solutions Private Limited
Employment history and EPFO contributions of people linked to Progressive Solutions.
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 Solutions Private Limited
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 Solutions 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 Solutions 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 Solutions 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 Solutions 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 Solutions Private Limited
Frequently Asked Questions about Progressive Solutions Private Limited
Progressive Solutions is an active private limited company based in Solan, Himachal Pradesh, India. The company works in consultancy, within the information technology industry. It was incorporated on 21 December 1994 (32+ years old) and is registered under CIN U64202HP1994PTC010498.
Progressive Solutions reported revenue of ₹16.13 Lakh for FY 2025 (down 16% YoY).
Progressive Solutions has 2 current directors:
- Deepak Thakur - Director
- Gaurav Sharma - Director
Progressive Solutions reported a net profit of ₹3.55 Lakh (net margin 22%) and EBITDA of ₹4.22 Lakh (EBITDA margin 26.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progressive Solutions is 20% over three years and 21% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Progressive Solutions is U64202HP1994PTC010498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Solutions was incorporated on 21 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The registered office of Progressive Solutions is at CO Himalyan Pipe Industries, Ist Floor V.P.O. Saproon, Solan, Himachal Pradesh, India – 173211.
Progressive Solutions has an authorised share capital of ₹1.37 Cr and a paid-up capital of ₹1.37 Cr.