About Progrex Ventures Limited
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Progrex Ventures Limited is a public limited company based in Bhopal, Madhya Pradesh, India. It operates in the solvent and oil extraction tech segment of the chemicals and materials sector. It was incorporated on 21 April 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L15141MP1981PLC001759. It is a listed company.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹3.6 Cr. It was formerly known as Prog Limited and Progressive Bizworld Limited. It is led by directors including Avneesh Sabherwal and Shruti Dange.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 282 Shri Mohan Parisar Zone – 1 M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011.
As per the financials filed for FY 2025, the company reported a revenue of ₹90,000, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹14.07 Lakh and EBITDA of -₹13.91 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 8% over five years.
The company is associated with 1 brand: Progrex Ventures. As per MCA filings, the company has satisfied charges of ₹6.45 Cr on record. The company has 3 deals on record (3 market trades); the latest was in August 2025. Its 10 peer companies in the Chemicals industry (Solvent Extraction) are compared by revenue, 5 larger and 5 smaller; the largest is Sri Balaji Agrovet Private Limited with revenue of ₹1.79 Lakh.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website progressivecorp.net.
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- Registered Address282 Shri Mohan Parisar Zone – 1 M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011
- IndustryChemicals and Materials, Solvent & Oil Extraction Tech
- 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
- One PDF report, delivered after checkout
Financials of Progrex Ventures Limited FY 2025 filings available
Progrex Ventures Limited reported revenue of ₹90,000 (down 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Progrex Ventures Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 39% fall 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 of Progrex Ventures Limited
| 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 | ₹90,000 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹13.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.07 Lakh | •••• | •••• | •••• | •••• |
| 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 of Progrex Ventures Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Progrex Ventures are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Progrex Ventures Limited
Progrex Ventures Limited is compared with the companies closest to it by revenue in the Chemicals industry (Solvent Extraction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Balaji Agrovet Private Limited | ₹1.79 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Bidar, Karnataka, India |
| The Nandurbar Shri Krishna Oil Mills Company Private Limited | ₹1.47 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Nandurbar, Maharashtra, India |
| Proton Food Processing Private Limited | ₹1.27 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mallikarjun Agro Plants & Industries Private Limited | ₹1.02 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Kolkata, West Bengal, India |
| Rajendra Oil Mills Pvt Ltd | ₹91,233 (FY 2025) | •••• | •••• | 1.0% | •••• | Hisar, Haryana, India |
| Progrex Ventures Limited this company | ₹90,000 (FY 2025) | •••• | •••• | -39.0% | •••• | Bhopal, Madhya Pradesh, India |
| Arya Veer Solvex Private Limited | ₹88,430 (FY 2025) | •••• | •••• | -80.0% | •••• | Raipur, Chhattisgarh, India |
| Ecogreen Supercriticals Private Limited | ₹77,439 (FY 2025) | •••• | •••• | •••• | Raipur, Chhattisgarh, India | |
| Ghosh Solvex Private Limited | ₹59,000 (FY 2019) | •••• | •••• | 436.0% | •••• | Kolkata, West Bengal, India |
| Hemsons Chemoils Pvt Ltd | ₹35,000 (FY 2025) | •••• | •••• | 47.0% | •••• | Punjab, India |
| Shrinathji Solvex Limited | ₹26,258 (FY 2025) | •••• | •••• | -100.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Progrex Ventures by revenue in the Chemicals industry (Solvent Extraction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Progrex Ventures Limited
Progrex Ventures Limited is audited by Jain Dhureja & Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jain Dhureja & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Progrex Ventures Limited
Progrex Ventures has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avneesh Sabherwal Also directs: Sterling Contractors and Builders Private Limited | Director | 31 Jan 2003 | 23 Years 8 Months | Current |
| Shruti Dange | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Sanjay Wase | Additional Director | 12 Nov 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Progrex Ventures Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Progrex Ventures Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jan 2003 | Madhya Pradesh Financial Corporation | ₹75 Lakh | Satisfied |
| 01 Aug 2002 | Madhya Pradesh Financial Corporation | ₹75 Lakh | Satisfied |
| 22 Jun 2002 | Madhya Pradesh Financial Corporation | ₹75 Lakh | Satisfied |
| 01 Jun 2002 | Madhya Pradesh Financial Corporation | ₹90 Lakh | Satisfied |
| 13 Aug 2001 | Madhya Pradesh Financial Corporation | ₹75 Lakh | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Progrex Ventures Limited
Progrex Ventures Limited has 3 deals on record (3 market trades); the latest was in August 2025.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Market trade | ₹4.8 Lakh | Seller: an individual |
| Mar 2025 | Market trade | ₹4.9 Lakh | Seller: On-Line Capital and Securities Private Limited |
| Aug 2024 | Market trade | ₹13.4 Lakh | Buyer: PSDH Realties Private Limited , On-Line Capital and Securities Private Limited Seller: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Progrex Ventures Limited
Progrex Ventures operates one associated brand: PROGREX VENTURES. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solvent-extracted oil, refined oil, and soya meal are processed. | progressivecorp.net |
Employees and EPFO Compliance at Progrex Ventures Limited
Employment history and EPFO contributions of people linked to Progrex Ventures.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Progrex Ventures Limited
Progrex Ventures has 2 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Name History of Progrex Ventures Limited
Progrex Ventures has undergone 3 name changes throughout its history. The company was previously known as Prog Limited, Progressive Bizworld Limited, and Progressive Extractions & Exports Limited. The current legal name is Progrex Ventures Limited.
| Company Name | Status |
|---|---|
| Progrex Ventures Limited | Current |
| Prog Limited | Previous |
| Progressive Bizworld Limited | Previous |
| Progressive Extractions & Exports Limited | Previous |
CIN History of Progrex Ventures Limited
Progrex Ventures has one previous CIN (Corporate Identification Number): U15141MP1981PTC001759. The current CIN is L15141MP1981PLC001759, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15141MP1981PLC001759 | Current |
| U15141MP1981PTC001759 | Previous |
Recent Activity on Progrex Ventures Limited
Progrex Ventures Limited has 12 board changes on record since 2003: 8 appointments and 4 cessations. The latest: Alpa Nikhil Dhami ceased to be Additional Director on 30 Sep 2025.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Progrex Ventures Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Progrex Ventures Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Progrex Ventures Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Progrex Ventures Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Progrex Ventures Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Progrex Ventures Limited
Progrex Ventures is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in solvent and oil extraction tech, within the chemicals and materials industry. It was incorporated on 21 April 1981 (45+ years old) and is registered under CIN L15141MP1981PLC001759.
Progrex Ventures reported revenue of ₹90,000 for FY 2025 (down 39% YoY).
Progrex Ventures has 3 current directors:
- Avneesh Sabherwal - Director
- Shruti Dange - Director
- Sanjay Wase - Additional Director
Progrex Ventures reported a net loss of ₹14.07 Lakh and EBITDA of -₹13.91 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Progrex Ventures is -39% over three years and -8% over five years. In the latest year (FY 2025) revenue fell 39%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Progrex Ventures is L15141MP1981PLC001759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Progrex Ventures is a listed company.
Progrex Ventures was incorporated on 21 April 1981, making it 45+ years old. It is registered with the Registrar of Companies, Gwalior.
Progrex Ventures has 3 deals on record (3 market trades); the latest was in August 2025.
The peers of Progrex Ventures by revenue are Sri Balaji Agrovet Private Limited, The Nandurbar Shri Krishna Oil Mills Company Private Limited, Proton Food Processing Private Limited, Mallikarjun Agro Plants & Industries Private Limited, Rajendra Oil Mills Pvt Ltd and 5 more, all in the Chemicals industry (Solvent Extraction).
Alpa Nikhil Dhami ceased to be Additional Director on 30 Sep 2025. Shilpa Ajay Bhatia ceased to be Additional Director on 30 Sep 2025. Alpa Nikhil Dhami was appointed as Additional Director on 28 Aug 2025. Progrex Ventures has 12 board changes on record in total.