Progressive Timber Private Limited - Company Profile

It is a metals and minerals private limited company based in Mumbai, Maharashtra, India, established in 2008.
2008 Mumbai, Maharashtra, India Active
Last Updated:
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About Progressive Timber Private Limited

Progressive Timber Private Limited, a active private limited company, was established on 03 October 2008 in Mumbai, Maharashtra, India. Engaging in construction materials retail & distribution within the trade sector, it holds CIN: U51431MH2008PTC187258. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹10.00 K .

It upholds a compliant status. Its leadership includes Michael Yunus Baluwala (Director), Abbas Yakub Baluwala (Director), Yunus Kalimuddin Baluwala (Managing Director). Past directors included Ishak Kalimuddin Baluwala. It holds ₹1.00 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Plot No: 5, Mahim Rati Bunder, Opp: Mahim Bus Depot, Causeway, Mahim, Mumbai, Maharashtra, 400016.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U51431MH2008PTC187258

  • Registration Number

    187258

  • Incorporation Date

    03 October 2008

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹10.00 K

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 10.00 K
  • Company Age 17 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.00 Cr
  • Revenue Growth **** 39.45%
  • Profit Growth **** 48.68%
  • Ebitda **** 118.60%
  • Net Worth 8.87%
  • Total Assets **** 8.91%
Company report

Progressive Timber Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Timber 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 Timber Private Limited?
Current Directors
Name Designation Appointment Date Status
Michael Yunus Baluwala Director 03 Oct 2008 Current
Abbas Yakub Baluwala Director 03 Oct 2008 Current
Yunus Kalimuddin Baluwala Managing Director 03 Oct 2008 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 30 Oct 2013 Past

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Financial Performance of Progressive Timber.

Progressive Timber Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.45% increase. The company also saw a substantial improvement in profitability, with a 48.68% increase in profit. The company's net worth moved up by a moderate rise of 8.87%.

Progressive Timber revenue growth over time
Progressive Timber 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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 39.45%
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*******
*******
*******
Revenue from Operations
*******
 40.06%
*******
*******
*******
*******
Total Assets
*******
 8.91%
*******
*******
*******
*******
Profit or Loss
*******
 48.68%
*******
*******
*******
*******
Net Worth
*******
 8.87%
*******
*******
*******
*******
EBITDA
*******
 118.60%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Timber?

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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

₹10,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Dena Bank : 1.00 Cr
Latest Charge Details
Date Lender Amount Status
31 Jan 2009 Dena Bank ₹1.00 Cr Open

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How Many Employees Work at Progressive Timber?

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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

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Progressive Timber
Recent Activity within the Organization
  • Annual General Meeting

    Progressive Timber 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

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

  • Charges

    A charge with Dena Bank of Rs. 1.00 Cr registered on 31 Jan 2009 with Charge ID 10144906 was modified on 22 Jun 2010. was recorded as a recent event.

  • Charges

    A charge with Dena Bank amounted to Rs. 1.00 Cr with Charge ID 10144906 was registered on 31 Jan 2009. was recorded as a recent event.

  • Director Appointment

    The activity Michael Yunus Baluwala was appointed as a Director was appointed as a Director on 03 Oct 2008 & has been associated with this company since 17 years 5 months . was completed.

  • Director Appointment

    The activity Abbas Yakub Baluwala was appointed as a Director was appointed as a Director on 03 Oct 2008 & has been associated with this company since 17 years 5 months . was completed.

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

The CIN of Progressive Timber Private Limited is U51431MH2008PTC187258.

Where is Progressive Timber Private Limited headquartered?

Progressive Timber Private Limited is headquartered at Plot No: 5, Mahim Rati Bunder, Opp: Mahim Bus Depot, Causeway, Mahim, Mumbai, Maharashtra, 400016.

When was Progressive Timber Private Limited incorporated?

Progressive Timber Private Limited was incorporated on 03 October 2008.

Who are the current directors of Progressive Timber Private Limited?

The current directors of Progressive Timber Private Limited are

What is the primary industry of Progressive Timber Private Limited?

The primary industry of Progressive Timber Private Limited is Trade.

Is Progressive Timber Private Limited a listed company?

Progressive Timber Private Limited is unlisted.

What is the capital structure of Progressive Timber Private Limited?

The authorized capital of Progressive Timber Private Limited is ₹1.00 Cr, and the paid-up capital is ₹10.00 K .

What is the compliance status of Progressive Timber Private Limited?

The compliance status of Progressive Timber Private Limited is Compliant.

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