Progressive Steel Processors Private Limited
About Progressive Steel Processors Private Limited
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Progressive Steel Processors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 December 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1971PTC015491. Its GSTIN is 27AABCP6626M1Z1 (Maharashtra).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹24 Lakh. It is led by directors Sanjiv Somprakash Suri and Sandhya Sanjiv Suri.
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 235 2nd Floor Hindustan Kohinoor Industrial Complex L.B.S. Marg Vikhroli (West), Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.87 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹3.25 Lakh (net margin 0.3%) and EBITDA of ₹27.25 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Progressive Steel Processors Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address235 2nd Floor Hindustan Kohinoor Industrial Complex L.B.S. Marg Vikhroli (West), Mumbai, Maharashtra, India – 400083
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Progressive Steel Processors 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 Steel Processors is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Progressive Steel Processors Private Limited, buy the company report.
Financials of Progressive Steel Processors Private Limited
FY 2025 filings availableProgressive Steel Processors Private Limited reported revenue of ₹9.87 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 26% 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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| Total Expenses | |||||
| EBITDA | ₹27.25 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹3.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Progressive Steel Processors Private Limited, buy the company report.
Board of directors of Progressive Steel Processors Private Limited
Progressive Steel Processors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjiv Somprakash Suri | Director | 20 Jul 1990 | 36 Years 3 Months | Current |
| Sandhya Sanjiv Suri | Director | 16 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Progressive Steel Processors Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhakti Profile Tech Private Limited | ₹9.91 Cr (FY 2025) | 19.0% | Aurangabad, Maharashtra, India | |||
| Velankani Machine Craft Private Limited | ₹9.88 Cr (FY 2025) | 36.0% | Thane, Maharashtra, India | |||
| Progressive Steel Processors Private Limitedthis company | ₹9.87 Cr (FY 2025) | ₹3.25 Lakh | 0.3% | -35.0% | Mumbai, Maharashtra, India | |
| Altrafine Steel Private Limited | ₹9.82 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Progressive Steel Processors Private Limited, buy the company report.
Auditor
Progressive Steel Processors Private Limited is audited by N P LAHOTI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N P LAHOTI & CO | FY 2020 | 105512W |
Shareholding
The shareholding of Progressive Steel Processors Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Progressive Steel Processors Private Limited, buy the company report.
Legal cases
Progressive Steel Processors Private Limited has 8 court cases on record: 2 filed by Progressive Steel Processors, 6 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TER) | Filed against the company by individuals | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against individuals | Disposed |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by M/S Industrial Credit & Development Syndicate Ltd | Disposed |
To see the full case history of Progressive Steel Processors 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 Steel Processors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Progressive Steel Processors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP6626M1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progressive Steel Processors Private Limited, buy the company report.
Recent activity
Progressive Steel Processors Private Limited has 4 board changes on record since 1990: 2 appointments and 2 cessations. The latest: Raj Suri ceased to be Director on 17 May 2022.
Frequently asked questions
Progressive Steel Processors is an active private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 December 1971 (55+ years old) and is registered under CIN U99999MH1971PTC015491.
Progressive Steel Processors has 2 current directors:
- Sanjiv Somprakash Suri - Director
- Sandhya Sanjiv Suri - Director
The latest financial statements of Progressive Steel Processors 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 2015 are in the company report.
The GSTIN of Progressive Steel Processors is 27AABCP6626M1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progressive Steel Processors is U99999MH1971PTC015491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Steel Processors has 8 court cases on record: 2 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Progressive Steel Processors was incorporated on 15 December 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progressive Steel Processors by revenue are Bhakti Profile Tech Private Limited, Velankani Machine Craft Private Limited, Altrafine Steel Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Raj Suri ceased to be Director on 17 May 2022. Somprakash Kashiram Suri ceased to be Director on 17 May 2022. Sandhya Sanjiv Suri was appointed as Director on 16 May 2022. Progressive Steel Processors has 4 board changes on record in total.
The registered office of Progressive Steel Processors is at 235 2nd Floor Hindustan Kohinoor Industrial Complex L.B.S. Marg Vikhroli West, Mumbai, Maharashtra, India – 400083.
Progressive Steel Processors operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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