Progressive Surface Systems Private Limited - Company Profile

It is a machinery and equipment private limited company based in Mumbai, Maharashtra, India, established in 2002.
2002 Mumbai, Maharashtra, India Active
Last Updated:
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About Progressive Surface Systems Private Limited

Progressive Surface Systems Private Limited, a active private limited company, was established on 10 July 2002 in Mumbai, Maharashtra, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U24229MH2002PTC136469. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹4.50 M and a paid-up capital of ₹3.62 M.

Formerly known as Progressive Electroplating Chemicals Private Limited. It upholds a compliant status. Employing 76 professional, Its leadership includes Riya Malav Shah (Director), Malav Kumar Shah (Director), Nikita Malav Shah (Director). Past directors included Palak Malav Shah, Riya Malav Shah, Kumar Popatlal Shah. It holds ₹4.12 Cr open charges and ₹1.20 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 3 B Udyog Nagars Vrd Goregaon(W), Mumbai, Maharashtra, 400062.

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

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24229MH2002PTC136469

  • Registration Number

    136469

  • Incorporation Date

    10 July 2002

  • Authorized Capital

    ₹4.50 M

  • Paid-Up Capital

    ₹3.62 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.50 M
  • Paid Up Capital ₹ 3.62 M
  • Company Age 23 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.12 Cr
  • Satisfied Charges ₹ 1.20 Cr
  • Revenue Growth **** 33.65%
  • Profit Growth **** 119.86%
  • Ebitda **** 81.27%
  • Net Worth 12.60%
  • Total Assets **** 0.75%
Company report

Progressive Surface Systems Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Surface Systems 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 Surface Systems Private Limited?
Current Directors
Name Designation Appointment Date Status
Riya Malav Shah Director 29 Jan 2021 Current
Malav Kumar Shah Director 10 Jul 2002 Current
Nikita Malav Shah Director 29 Jan 2021 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Director 30 Sep 2011 Past
Pramod Abcsdd Director 24 May 2022 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past

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Financial Performance of Progressive Surface Systems.

Progressive Surface Systems Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.65% increase. The company also saw a substantial improvement in profitability, with a 119.86% increase in profit. The company's net worth Soared by an impressive increase of 12.6%.

Progressive Surface Systems revenue growth over time
Progressive Surface Systems 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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 33.65%
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Revenue from Operations
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 34.40%
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*******
Total Assets
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 0.75%
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*******
*******
*******
Profit or Loss
*******
 119.86%
*******
*******
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*******
Net Worth
*******
 12.60%
*******
*******
*******
*******
EBITDA
*******
 81.27%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Surface Systems?

In 2023, Progressive Surface Systems had a public holding of 16.57%. 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

₹41,200,000.00

Satisfied Charges

₹12,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 4.12 Cr
Latest Charge Details
Date Lender Amount Status
17 Mar 2025 Others ₹1.20 M Open
10 Jan 2006 Others ₹4.00 Cr Open
26 Jun 2020 Others ₹7.50 M Satisfied
26 Jun 2020 Others ₹4.50 M Satisfied

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How Many Employees Work at Progressive Surface Systems?

Progressive Surface Systems has a workforce of 76 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Surface Systems, 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 Surface Systems'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 Surface Systems
Recent Activity within the Organization
  • Charges

    The activity A charge with Others of Rs. 40.00 M registered on 10 Jan 2006 with Charge ID 90354522 was modified on 13 Nov 2025. was completed.

  • Charges

    The activity A charge with Others amounted to Rs. 1.20 M with Charge ID 101067533 was registered on 17 Mar 2025. was completed.

  • Annual General Meeting

    Progressive Surface Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Progressive Surface Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    The activity A charge registered on 26 Jun 2020 via Charge ID 100373326 with Others was fully satisfied on 12 Mar 2024. was completed.

  • Charges

    The activity A charge registered on 26 Jun 2020 via Charge ID 100373327 with Others was fully satisfied on 18 Apr 2023. was completed.

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Frequently Asked Questions
What is the CIN of Progressive Surface Systems Private Limited?

The CIN of Progressive Surface Systems Private Limited is U24229MH2002PTC136469.

Where is Progressive Surface Systems Private Limited headquartered?

Progressive Surface Systems Private Limited is headquartered at 3 B Udyog Nagars Vrd Goregaon(W), Mumbai, Maharashtra, 400062.

When was Progressive Surface Systems Private Limited incorporated?

Progressive Surface Systems Private Limited was incorporated on 10 July 2002.

Who are the current directors of Progressive Surface Systems Private Limited?

The current directors of Progressive Surface Systems Private Limited are

What is the primary industry of Progressive Surface Systems Private Limited?

The primary industry of Progressive Surface Systems Private Limited is Manufacturing.

Is Progressive Surface Systems Private Limited a listed company?

Progressive Surface Systems Private Limited is unlisted.

What is the capital structure of Progressive Surface Systems Private Limited?

The authorized capital of Progressive Surface Systems Private Limited is ₹4.50 M, and the paid-up capital is ₹3.62 M.

What is the compliance status of Progressive Surface Systems Private Limited?

The compliance status of Progressive Surface Systems Private Limited is Compliant.

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