Progressive Tools and Components Private Limited.

Progressive Tools and Components Private Limited. - automotive in Ghaziabad, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U31101UP1972PTC003571 Incorporated 04 July 1972 ROC Uttar Pradesh HQ Ghaziabad, Uttar Pradesh, India
Active Private Limited Company automotive MSME · Medium
Revenue · FY 2026
₹53.49 Cr
▼ 7% YoY
Net loss · FY 2026
₹1.68 Cr
Net margin -3.1%
EBITDA · FY 2026
₹2.14 Cr
EBITDA margin 4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹49.99 Lakh
Issued & subscribed
Open charges
₹79.21 Cr
Satisfied ₹26.6 Cr
Company age
54 yrs
Est. 1972
Employees · EPFO
51
Provident fund records

About Progressive Tools and Components Private Limited.

Data last updated:

Progressive Tools and Components Private Limited. is a private limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 04 July 1972 and has been in existence for over 54 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U31101UP1972PTC003571. Its GSTIN is 09AAECP1173G1ZH (Uttar Pradesh).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹49.99 Lakh. It is led by directors including Jasmeet Gandhi and Parmjit Gandhi.

Its last annual general meeting (AGM) was held on 16 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 8/3A Site IV Sahibabadindustrial Area Ghaziabad, Uttar Pradesh, India – 201010.

As per the financials filed for FY 2026, the company reported a revenue of ₹53.49 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹1.68 Cr (net margin -3.1%) and EBITDA of ₹2.14 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over five years.

The company has about 51 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹79.21 Cr and satisfied charges of ₹26.6 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2018.

Progressive Tools and Components Private Limited. is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-29-0013400). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ptc-india.com.

Company details

CIN U31101UP1972PTC003571
Registration Number 003571
Incorporation Date 04 July 1972
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-29-0013400
Key People
Jasmeet Gandhi Director Parmjit Gandhi Director Takahiro Chigira Director

Recognitions & Rankings of Progressive Tools and Components Private Limited

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-UP-29-0013400

Contact details

Progressive Tools and Components Private Limited.'s registered office is in Ghaziabad, Uttar Pradesh. Its website is ptc-india.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ptc-india.com
  • Social Media
  • Registered Address
    8/3A Site IV Sahibabadindustrial Area Ghaziabad, Uttar Pradesh, India – 201010
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Progressive Tools and Components Private Limited., buy the company report.

Comprehensive company report
Progressive Tools and Components Private Limited. - one report that includes everything
  • 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
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Secure checkout · GST invoice included

Business activity

The main business activity of Progressive Tools and Components Private Limited is manufacturing. In detail, this covers repair and installation of machinery and equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing33Repair and installation of machinery and equipment

To see the full business activity and turnover split of Progressive Tools and Components Private Limited., buy the company report.

Financials of Progressive Tools and Components Private Limited.

FY 2026 filings available

Progressive Tools and Components Private Limited. reported revenue of ₹53.49 Cr (down 7% YoY) for FY 2026.

Revenue · FY 2026
₹53.49 Cr ▼ 7%
Net loss · FY 2026
₹1.68 Cr margin -3.1%
EBITDA · FY 2026
₹2.14 Cr margin 4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 7%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 61%
5 years · compounded
▼ 11%

Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 61% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹53.49 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.14 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.68 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin4%
Net Profit Margin-3.1%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Progressive Tools and Components Private Limited., buy the company report.

Board of directors of Progressive Tools and Components Private Limited.

Progressive Tools and Components Private Limited has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jasmeet Gandhi
Also directs: HDG Ventures Private Limited
Director28 Oct 198640 Years 0 MonthsCurrent
Parmjit Gandhi
Also directs: B G Pre School LLP, Tech Burg Recyclers LLP, PTC Cron Technologies Private Limited and 5 more
Director01 Mar 199432 Years 8 MonthsCurrent
Takahiro Chigira
Also directs: India Steel Summit Private Limited, F-Tech Automotive Components Private Limited
Director20 Sep 20224 Years 1 MonthsCurrent
Amarjit GandhiDirector01 Nov 20188 Years 0 MonthsCurrent
View all directors

Auditor

Progressive Tools and Components Private Limited. is audited by N R & COMPANY for the financial year 2026.

Auditor firmFinancial yearFirm registration number
N R & COMPANYFY 2026015095C

Shareholding

The shareholding of Progressive Tools and Components Private Limited. is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2026FY 2025FY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Progressive Tools and Components Private Limited., buy the company report.

Charges & borrowings

Open charges
₹79.21 Cr
Satisfied charges
₹26.6 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹56.20 Cr
Others₹15.00 Cr
Punjab National Bank₹6.16 Cr
Oriental Bank of Commerce₹0.75 Cr
U.P. Financial Corporation₹0.40 Cr
Others₹0.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Apr 2026101309747Hdfc Bank Limited₹1.17 CrOpen
24 Dec 2024101051223Hdfc Bank Limited₹85 LakhOpen
03 Jul 2024100956306Others₹15 CrOpen
10 Apr 2024100927133Hdfc Bank Limited₹63.94 LakhOpen
30 Oct 2023100840975Hdfc Bank Limited₹25 LakhOpen

To see the full charge records of Progressive Tools and Components Private Limited., buy the company report.

Total charge records: 29 View all charges

Deals & funding

Progressive Tools and Components Private Limited. has 1 deal on record (1 secondary share transfer); the latest was in December 2018.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Dec 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Progressive Tools and Components Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Progressive Tools and Components Private Limited. has a workforce of 51 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
51
Active EPFO establishments
2
Employee growth
4.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2751
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Progressive Tools and Components Private Limited., buy the company report.

GST

Progressive Tools and Components Private Limited has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
09AAECP1173G1ZHUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Progressive Tools and Components Private Limited., buy the company report.

Recent activity

Progressive Tools and Components Private Limited. has 7 board changes on record since 1986: 4 appointments and 3 cessations. The latest: Shuichi Yaguchi ceased to be Director on 20 Sep 2022.

AGM
Progressive Tools And Components Private Limited. last Annual general meeting of members was held on 16 Sep 2026 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.17 Cr with Charge ID 101309747 was registered on 30 Apr 2026.
Filing
Progressive Tools And Components Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh Ii.
Charges
A charge with Hdfc Bank Limited of Rs. 52.93 Cr registered on 06 Dec 2004 with Charge ID 80036733 was modified on 05 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.85 Cr with Charge ID 101051223 was registered on 24 Dec 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100956306 was registered on 03 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.64 Cr with Charge ID 100927133 was registered on 10 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100840975 was registered on 30 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100679082 was registered on 03 Dec 2022.
Ceased
Shuichi Yaguchi ceased to be Director.
Appointed
Takahiro Chigira was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100677927 was registered on 29 Aug 2022.

41 earlier events are in the company report.

Frequently asked questions

Progressive Tools and Components Private Limited is an active private limited company based in Ghaziabad, Uttar Pradesh, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 04 July 1972 (54+ years old) and is registered under CIN U31101UP1972PTC003571.

Progressive Tools and Components Private Limited has 4 current directors:

The latest financial statements of Progressive Tools and Components Private Limited on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Progressive Tools and Components Private Limited is 09AAECP1173G1ZH, registered in Uttar Pradesh.

The CIN (Corporate Identification Number) of Progressive Tools and Components Private Limited is U31101UP1972PTC003571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Progressive Tools and Components Private Limited has 3 court cases on record: 1 filed by the company and 2 filed against it.

Progressive Tools and Components Private Limited was incorporated on 04 July 1972, making it 54+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Progressive Tools and Components Private Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2018.

Shuichi Yaguchi ceased to be Director on 20 Sep 2022. Takahiro Chigira was appointed as Director on 20 Sep 2022. Mohan Singh Gandhi ceased to be Managing Director on 13 Dec 2018. Progressive Tools and Components Private Limited has 7 board changes on record in total.

Yes, Progressive Tools and Components Private Limited is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-29-0013400).