About Progressive Spares & Management Private Limited
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Progressive Spares & Management Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 19 January 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2008PTC177994. Its GSTIN is 27AAECP5184H1Z6 (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Deepakkumar Awadhesh Singh and Sumitra Awadhesh Singh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 101 Shweta Apartment Plot No – 37A Sector – 14 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.1 Cr. For the same year it recorded a net loss of ₹1.85 Lakh (net margin -0.9%) and EBITDA of ₹2.51 Lakh (EBITDA margin 1.2%).
Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The last known website on record is progressiveshipping.com.
Company details
Contact details
Progressive Spares & Management Private Limited's registered office is in Navi Mumbai, Maharashtra.
- Registered Address101 Shweta Apartment Plot No – 37A Sector – 14 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryTrading, Other Wholesale, Wholesale
- 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 Spares & Management 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 Spares & Management Private Limited, buy the company report.
Financials of Progressive Spares & Management Private Limited
FY 2016 filings availableProgressive Spares & Management Private Limited reported revenue of ₹2.1 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
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| Revenue from Operations | ||
| Other Income | ||
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| Cost of Materials Consumed | ||
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| Depreciation and Amortisation | ||
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| Total Expenses | ||
| EBITDA | ₹2.51 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.85 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
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| Trade Payables | ||
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| Investments | ||
| Inventories | ||
| Trade Receivables | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.2% | |
| Net Profit Margin | -0.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
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To see the full financial statements and ratios of Progressive Spares & Management Private Limited, buy the company report.
Board of directors of Progressive Spares & Management Private Limited
Progressive Spares & Management has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepakkumar Awadhesh Singh | Director | 19 Jan 2008 | 18 Years 9 Months | As last reported |
| Sumitra Awadhesh Singh | Director | 19 Jan 2008 | 18 Years 9 Months | As last reported |
| Shruti Singh Deepak | Director | 28 Sep 2016 | 10 Years 1 Months | As last reported |
Peer comparison
Progressive Spares & Management Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Purvanchal Machines Private Limited | ₹2.1 Cr (FY 2025) | 91.0% | Kolkata, West Bengal, India | |||
| Analox Distributors and Marketing Private Limited | ₹2.1 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Heart in Hills Private Limited | ₹2.1 Cr (FY 2025) | 248.0% | Rudraprayag, Uttarakhand, India | |||
| Rajdarshan Industries Limited | ₹2.1 Cr (FY 2025) | -22.0% | Udaipur, Rajasthan, India | |||
| Sunny Fashions Private Limited | ₹2.1 Cr (FY 2024) | 12.0% | Kolkata, West Bengal, India | |||
| Progressive Spares & Management Private Limitedthis company | ₹2.1 Cr (FY 2016) | -₹1.85 Lakh | -0.9% | Navi Mumbai, Maharashtra, India | ||
| Alka Himagar Private Limited | ₹2.1 Cr (FY 2024) | -81.0% | Ranchi, Jharkhand, India | |||
| Avyaan Sales Private Limited | ₹2.1 Cr (FY 2022) | -88.0% | Kolkata, West Bengal, India | |||
| Partani Appliances Limited | ₹2.1 Cr (FY 2020) | 79.0% | Secunderabad, Telangana, India | |||
| G.V. Pneumatic and Metal Traders Pvt. Ltd. | ₹2.1 Cr (FY 2024) | 19.0% | New Delhi, Delhi, India | |||
| Deepali Global Private Limited | ₹2.1 Cr (FY 2025) | 8.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Progressive Spares & Management Private Limited, buy the company report.
Legal cases
Progressive Spares & Management Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Aramex India Pvt.Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by Aramex India Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Aramex India Pvt.Ltd. | Disposed |
To see the full case history of Progressive Spares & Management 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progressive Spares & Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Spares & Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP5184H1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Spares & Management Private Limited, buy the company report.
Recent activity
Progressive Spares & Management Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Shruti Singh Deepak was appointed as Director on 28 Sep 2016.
Frequently asked questions
Progressive Spares & Management has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Progressive Spares & Management was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in other wholesale, within the trading industry. It was incorporated on 19 January 2008 and is registered under CIN U29253MH2008PTC177994. The company has been struck off by the Registrar of Companies and is no longer operational.
Progressive Spares & Management had 3 directors:
- Deepakkumar Awadhesh Singh - Director
- Sumitra Awadhesh Singh - Director
- Shruti Singh Deepak - Director
The CIN (Corporate Identification Number) of Progressive Spares & Management is U29253MH2008PTC177994. 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 Spares & Management is at 101 Shweta Apartment Plot No – 37A Sector – 14 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
Progressive Spares & Management was incorporated on 19 January 2008. It is registered with the Registrar of Companies, Mumbai.
Progressive Spares & Management can be reached through the website progressiveshipping.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Progressive Spares & Management on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Progressive Spares & Management is 27AAECP5184H1Z6, registered in Maharashtra.
Progressive Spares & Management operated in the trading industry, in the other wholesale segment. It worked in this industry before it was struck off.
The peers of Progressive Spares & Management by revenue are Purvanchal Machines Private Limited, Analox Distributors and Marketing Private Limited, Heart in Hills Private Limited, Rajdarshan Industries Limited, Sunny Fashions Private Limited and 5 more, all in the same principal business activity (wholesale trading).
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