Progressive Wires Pvt Ltd - Company Profile

It is a manufacturing private limited company based in Hyderabad, Telangana, India, established in 1993.
1993 Hyderabad, Telangana, India Active
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About Progressive Wires Pvt Ltd

Progressive Wires Pvt Ltd, a active private limited company, was established on 18 November 1993 in Hyderabad, Telangana, India. Engaging in cable & wire within the manufacturing sector, it holds CIN: U31300TG1993PTC016585. Registered under ROC Roc Hyderabad. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹5.00 M.

It upholds a active non-compliant status. Its leadership includes Kowtha Abhishikt (Director), Naga Sairam Kowtha (Managing Director), Nikhil Kowtha (Director). Past directors included Kowtha Abhishikt, Kowtha Rohini Krishna, Venkatarama Murthy Mallela. It holds ₹4.09 Cr open charges and ₹4.17 Cr settled loans. Its latest AGM occurred on 30 September 2022, with the balance sheet filed on 31 March 2022. It is based at 67 Prasanthnagar, Saktipuram Ida Kukatpally, Hyderabad, Telangana, 500037.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U31300TG1993PTC016585

  • Registration Number

    016585

  • Incorporation Date

    18 November 1993

  • Authorized Capital

    ₹5.00 M

  • Paid-Up Capital

    ₹5.00 M

  • ROC Code

    Roc Hyderabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 32 Year, 2 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 4.09 Cr
  • Satisfied Charges ₹ 4.17 Cr
  • Revenue Growth **** -17.47%
  • Profit Growth **** -28.90%
  • Ebitda **** 37.72%
  • Net Worth -19.58%
  • Total Assets **** 25.90%
Company report

Progressive Wires Pvt Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Progressive Wires Pvt Ltd — 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 Wires Pvt Ltd?
Current Directors
Name Designation Appointment Date Status
Kowtha Abhishikt Director 03 May 2013 Current
Naga Sairam Kowtha Managing Director 18 Nov 1993 Current
Nikhil Kowtha Director 15 Jul 2015 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 26 Sep 2013 Past
Pramod Abcsdd Additional Director 01 Mar 2014 Past
Pramod Abcsdd Director 03 May 2013 Past
Pramod Abcsdd Director 03 May 2013 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past

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Financial Performance of Progressive Wires.

Progressive Wires Pvt Ltd, for the financial year ended 2016, experienced significant reduction in revenue, with a 17.47% decrease. The company also saw a substantial fall in profitability, with a 28.9% decrease in profit. The company's net worth observed a substantial decline by a decrease of 19.58%.

Progressive Wires revenue growth over time
Progressive Wires 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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 -17.47%
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Revenue from Operations
*******
 -18.26%
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*******
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Total Assets
*******
 25.90%
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*******
*******
*******
Profit or Loss
*******
 -28.90%
*******
*******
*******
*******
Net Worth
*******
 -19.58%
*******
*******
*******
*******
EBITDA
*******
 37.72%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Progressive Wires?

In 2017, Progressive Wires had a promoter holding of 100.00%. 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

₹40,949,888.00

Satisfied Charges

₹41,668,410.00

Charges Breakdown by Lending Institutions
  • Syndicate Bank : 3.05 Cr
  • Others : 0.64 Cr
  • Stat Bank Of Hyderabad : 0.40 Cr
Latest Charge Details
Date Lender Amount Status
15 Oct 2018 Others ₹3.20 M Open
31 Jan 2018 Others ₹2.12 M Open
31 Jan 2018 Others ₹1.13 M Open
28 Dec 2015 Syndicate Bank ₹3.05 Cr Open
29 Dec 2001 Stat Bank Of Hyderabad ₹4.00 M Open

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How Many Employees Work at Progressive Wires?

Unlock and access historical data on people associated with Progressive Wires, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Wires, 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 Wires'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 Wires
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Progressive Wires Pvt Ltd last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records. was documented.

  • Balance Sheet

    Progressive Wires Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad. was recorded as a recent event.

  • Charges

    The activity A charge registered on 31 Jan 2018 via Charge ID 100174918 with Others was fully satisfied on 16 Nov 2018. was completed.

  • Charges

    A charge with Others amounted to Rs. 3.20 M with Charge ID 100237108 was registered on 15 Oct 2018. was recorded as a recent event.

  • Charges

    A charge with Others amounted to Rs. 2.12 M with Charge ID 100174933 was registered on 31 Jan 2018. was recorded as a recent event.

  • Charges

    A charge with Others amounted to Rs. 1.13 M with Charge ID 100175058 was registered on 31 Jan 2018. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Progressive Wires Pvt Ltd?

The CIN of Progressive Wires Pvt Ltd is U31300TG1993PTC016585.

Where is Progressive Wires Pvt Ltd headquartered?

Progressive Wires Pvt Ltd is headquartered at 67 Prasanthnagar, Saktipuram Ida Kukatpally, Hyderabad, Telangana, 500037.

When was Progressive Wires Pvt Ltd incorporated?

Progressive Wires Pvt Ltd was incorporated on 18 November 1993.

Who are the current directors of Progressive Wires Pvt Ltd?

The current directors of Progressive Wires Pvt Ltd are

What is the primary industry of Progressive Wires Pvt Ltd?

The primary industry of Progressive Wires Pvt Ltd is Manufacturing.

Is Progressive Wires Pvt Ltd a listed company?

Progressive Wires Pvt Ltd is unlisted.

What is the capital structure of Progressive Wires Pvt Ltd?

The authorized capital of Progressive Wires Pvt Ltd is ₹5.00 M, and the paid-up capital is ₹5.00 M.

What is the compliance status of Progressive Wires Pvt Ltd?

The compliance status of Progressive Wires Pvt Ltd is Active Non-Compliant.

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