Progressive Star Finance Private Limited - Company Profile

It is a financial services private limited company based in Kolkata, West Bengal, India, established in 1991.
1991 Kolkata, West Bengal, India Active
Last Updated:
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About Progressive Star Finance Private Limited

Progressive Star Finance Private Limited, a active private limited company, was established on 04 October 1991 in Kolkata, West Bengal, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U70109WB1991PTC053288. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹9.00 Cr and a paid-up capital of ₹1.07 Cr.

Formerly known as Progressive Star Holdings & Consultants Pvt.Ltd.. It upholds a compliant status. Its leadership includes Samarth Parekh (Director), Utsav Parekh (Director), Saharsh Parekh (Director). Past directors included Samarth Parekh, Dipak Shah, Utsav Parekh. It holds ₹2.00 M open charges and ₹28.00 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ground Floor, Flat No. 2 36A Elgin Road, Kolkata, West Bengal, 700020.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U70109WB1991PTC053288

  • Registration Number

    053288

  • Incorporation Date

    04 October 1991

  • Authorized Capital

    ₹9.00 Cr

  • Paid-Up Capital

    ₹1.07 Cr

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 9.00 Cr
  • Paid Up Capital ₹ 1.07 Cr
  • Company Age 34 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.00 M
  • Satisfied Charges ₹ 28.00 Cr
  • Revenue Growth **** -28.60%
  • Profit Growth **** -102.24%
  • Ebitda **** -19.48%
  • Net Worth -0.12%
  • Total Assets -9.04%
Company report

Progressive Star Finance Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Star Finance Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Progressive Star Finance Private Limited?
Current Directors
Name Designation Appointment Date Status
Samarth Parekh Director 14 Mar 2013 Current
Utsav Parekh Director 06 Apr 2021 Current
Saharsh Parekh Director 01 Jan 2016 Current
Surendra Nath Ojha Whole-Time Director 05 Mar 2020 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 28 Sep 2013 Past
Pramod Abcsdd Director 30 Jun 2013 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Director 14 Mar 2013 Past
Pramod Abcsdd Director 17 Oct 2012 Past
Pramod Abcsdd Whole-Time Director 01 Apr 2016 Past

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Financial Performance of Progressive Star Finance.

Progressive Star Finance Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.6% decrease. The company also saw a substantial fall in profitability, with a 102.24% decrease in profit. The company's net worth dipped by a decrease of 0.12%.

Progressive Star Finance revenue growth over time
Progressive Star Finance profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -28.60%
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*******
*******
*******
Revenue from Operations
*******
 -29.07%
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*******
*******
*******
Total Assets
*******
 -9.04%
*******
*******
*******
*******
Profit or Loss
*******
 -102.24%
*******
*******
*******
*******
Net Worth
*******
 -0.12%
*******
*******
*******
*******
EBITDA
*******
 -19.48%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Star Finance?

In 2023, Progressive Star Finance had a public holding of 18.69%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹2,000,000.00

Satisfied Charges

₹280,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 0.20 Cr
Latest Charge Details
Date Lender Amount Status
10 Nov 2025 Others ₹2.00 M Open
18 Mar 2021 Others ₹28.00 Cr Satisfied

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How Many Employees Work at Progressive Star Finance?

Unlock and access historical data on people associated with Progressive Star Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Star Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Star Finance's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Progressive Star Finance
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101181917 was registered on 10 Nov 2025. was documented.

  • Annual General Meeting

    The activity Progressive Star Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Charges

    Progress on A charge registered on 18 Mar 2021 via Charge ID 100473581 with Others was fully satisfied on 30 Jul 2024. was documented.

  • Balance Sheet

    Progress on Progressive Star Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata. was documented.

  • Director Appointment

    Progress on Utsav Parekh was appointed as a Director was appointed as a Director on 06 Apr 2021 & has been associated with this company since 4 years 10 months . was documented.

  • Charges

    A charge with Others amounted to Rs. 28.00 Cr with Charge ID 100473581 was registered on 18 Mar 2021. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Progressive Star Finance Private Limited?

The CIN of Progressive Star Finance Private Limited is U70109WB1991PTC053288.

Where is Progressive Star Finance Private Limited headquartered?

Progressive Star Finance Private Limited is headquartered at Ground Floor, Flat No. 2 36A Elgin Road, Kolkata, West Bengal, 700020.

When was Progressive Star Finance Private Limited incorporated?

Progressive Star Finance Private Limited was incorporated on 04 October 1991.

Who are the current directors of Progressive Star Finance Private Limited?

The current directors of Progressive Star Finance Private Limited are

What is the primary industry of Progressive Star Finance Private Limited?

The primary industry of Progressive Star Finance Private Limited is Financial And Insurance Service.

Is Progressive Star Finance Private Limited a listed company?

Progressive Star Finance Private Limited is unlisted.

What is the capital structure of Progressive Star Finance Private Limited?

The authorized capital of Progressive Star Finance Private Limited is ₹9.00 Cr, and the paid-up capital is ₹1.07 Cr.

What is the compliance status of Progressive Star Finance Private Limited?

The compliance status of Progressive Star Finance Private Limited is Compliant.

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