Progressive Transit Private Limited
About Progressive Transit Private Limited
Data last updated:
Progressive Transit Private Limited is a private limited company based in Delhi, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 20 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2018PTC329659. Its GSTIN is 21AAJCP6851C1ZN (Odisha).
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹12.51 Cr. It is led by directors including Anurag Agarwal and Virender Kumar Saroha.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No. 18 First Floor, Block – Sd Near Metro Station Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹142.71 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.18 Cr (net margin 5%) and EBITDA of ₹31.88 Cr (EBITDA margin 22.3%).
The company has about 468 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹91.66 Cr and satisfied charges of ₹18.27 Cr on record. Court records list 17 cases involving the company, including 1 filed by the company and 16 filed against it; 8 cases are pending.
Company details
Contact details
Progressive Transit Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 18 First Floor, Block – Sd Near Metro Station Pitampura, Delhi, India – 110034
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Progressive Transit 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 Transit is transportation and storage. In detail, this covers land transport and transport via pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 49 | Land transport and transport via pipelines |
To see the full business activity and turnover split of Progressive Transit Private Limited, buy the company report.
Financials of Progressive Transit Private Limited
FY 2025 filings availableProgressive Transit Private Limited reported revenue of ₹142.71 Cr (up 1800% YoY) for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹31.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.18 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.3% | ||||
| Net Profit Margin | 5% | ||||
| 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 Transit Private Limited, buy the company report.
Board of directors of Progressive Transit Private Limited
Progressive Transit has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Agarwal | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Virender Kumar Saroha | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Vijender Singh Dalal | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Khajan Singh | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Gajinder Yadav | Director | 20 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Progressive Transit Private Limited is audited by AGGARWAL DINESH & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGGARWAL DINESH & COMPANY | FY 2022 | 006346N |
Shareholding
The shareholding of Progressive Transit Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progressive Transit Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2024 | 100953982 | Axis Bank Limited | ₹4.97 Cr | Open | |
| 06 Jan 2024 | 100859513 | State Bank of India | ₹49.73 Cr | Open | |
| 28 Dec 2023 | 100850214 | Others | ₹36.96 Cr | Open | |
| 26 Jun 2024 | 100951925 | State Bank of India | ₹18.27 Cr | Satisfied |
To see the full charge records of Progressive Transit Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Progressive Transit Private Limited has 17 court cases on record: 1 filed by Progressive Transit, 16 filed against it. 8 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 8 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Cuttack, Odisha | Court case (M.a.c. Case) | Filed against the company by an individual | Pending |
| District court, Cuttack, Odisha | Court case (M.a.c. Case) | Filed against the company by an individual | Pending |
| District court, Ganjam, Odisha | Court case (M.a.c.t) | Filed against the company | Pending |
| District court, Jagatsinghpur, Odisha | Court case (M.a.c. Case.) | Filed against the company by an individual | Pending |
| District court, Ganjam, Odisha | Court case (M.a.c.t) | Filed against the company by an individual | Pending |
To see the full case history of Progressive Transit 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 Transit Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progressive Transit Private Limited has a workforce of 468 employees on its EPFO records as of Feb 02, 2025, across 1 active EPFO establishment.
GST
Progressive Transit has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAJCP6851C1ZN | Odisha | Active | 07 Dec 2023 |
To see the full GST registrations and return filing status of Progressive Transit Private Limited, buy the company report.
Recent activity
Progressive Transit Private Limited has 13 board changes on record since 2018: 5 appointments and 8 cessations. The latest: Anurag Agarwal ceased to be Additional Director on 29 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Progressive Transit is an active private limited company based in Delhi, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 20 February 2018 (8+ years old) and is registered under CIN U74999DL2018PTC329659.
Progressive Transit has 5 current directors:
- Anurag Agarwal - Director
- Virender Kumar Saroha - Director
- Vijender Singh Dalal - Director
- Khajan Singh - Director
- Gajinder Yadav - Director
The latest financial statements of Progressive Transit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Progressive Transit is 21AAJCP6851C1ZN, registered in Odisha.
The CIN (Corporate Identification Number) of Progressive Transit is U74999DL2018PTC329659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progressive Transit has 17 court cases on record: 1 filed by the company and 16 filed against it. 8 are pending. Most are in the district courts.
Progressive Transit was incorporated on 20 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Anurag Agarwal ceased to be Additional Director on 29 Sep 2024. Khajan Singh ceased to be Additional Director on 29 Sep 2024. Vijender Singh Dalal ceased to be Additional Director on 29 Sep 2024. Progressive Transit has 13 board changes on record in total.
The registered office of Progressive Transit is at Shop No. 18 First Floor, Block – Sd Near Metro Station Pitampura, Delhi, India – 110034.
Progressive Transit operates in the automotive industry, in the auto dealership and trading segment.