Western Progressive Private Limited
About Western Progressive Private Limited
Data last updated:
Western Progressive Private Limited is a private limited company based in Bicholim, Goa, India. It operates in the motorcycle and related parts sale segment of the automobiles sector. It was incorporated on 07 September 2022.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U50400GA2022PTC015499.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Vivek Carmo Barreto and Nilesh Barreto.
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 C/O Silvy Remedios Barreto Hno. 205 Honda Sattari Bicholim – Goa, Goa, India – 403506.
As per the financials filed for FY 2025, the company reported a revenue of ₹12 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹13.33 Lakh (net margin 1.1%) and EBITDA of ₹20.29 Lakh (EBITDA margin 1.7%).
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr on record.
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- Registered AddressC/O Silvy Remedios Barreto Hno. 205 Honda Sattari Bicholim – Goa, Goa, India – 403506
- IndustryAutomobile, Motorcycle & Related Parts Sale, Maintenance & Repair
- 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
Business Activity of Western Progressive Private Limited
The main business activity of Western Progressive is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Western Progressive Private Limited FY 2025 filings available
Western Progressive Private Limited reported revenue of ₹12 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Western Progressive Private Limited
Revenue rose 45% in the latest year. EBITDA rose 105% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Western Progressive Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹20.29 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.33 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 Western Progressive Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.7% | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• |
| 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 | •••• | •••• | •••• |
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 Western Progressive are in the company report.
Financial statements from FY 2023
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.
Board of Directors of Western Progressive Private Limited
Western Progressive has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Carmo Barreto Also directs: Barreto Service Center Private Limited | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
| Nilesh Barreto Also directs: Barreto Service Center Private Limited | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
Peer Comparison of Western Progressive Private Limited
Western Progressive Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autos33 Ventures Private Limited | ₹12.02 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Hosezone Engineers Private Limited | ₹12.02 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Godawari Techno Solution Private Limited | ₹12.01 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Jaipur, Rajasthan, India |
| Jyote Automotive Private Limited | ₹12 Cr (FY 2024) | •••• | •••• | 187.0% | •••• | Bhubaneswar, Odisha, India |
| Kamakhya Speed Private Limited | ₹12 Cr (FY 2024) | •••• | •••• | •••• | Sonebhadra, Uttar Pradesh, India | |
| Western Progressive Private Limited this company | ₹12 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bicholim, Goa, India |
| Maihar Wheels Private Limited | ₹11.99 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Kahra, Bihar, India |
| Go Green Motors India Private Limited | ₹11.99 Cr (FY 2021) | •••• | •••• | -66.0% | •••• | Hyderabad, Telangana, India |
| Sri Shivani Automobiles India Private Limited | ₹11.97 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Nuzvid, Andhra Pradesh, India |
| Pratap Motorrad Private Limited | ₹11.97 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Jaipur, Rajasthan, India |
| Deonarayan Automobiles Private Limited | ₹11.95 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Jashpur, Chhattisgarh, India |
Peers are the five companies nearest above and the five nearest below Western Progressive by revenue in the Automobiles industry (Auto and Components Dealers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Western Progressive Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2025 | Bank of India | ₹1 Cr | Open |
| 17 May 2025 | Axis Bank Limited | ₹2 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Western Progressive Private Limited
Employment history and EPFO contributions of people linked to Western Progressive.
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.
Recent Activity on Western Progressive Private Limited
Western Progressive Private Limited has 3 board changes on record since 2022: 2 appointments and 1 cessation. The latest: Silvy Barreto ceased to be Director on 08 Jan 2025.
Credit Ratings, Litigation & Regulatory Alerts for Western Progressive Private 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 Western Progressive Private 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 Western Progressive Private 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 Western Progressive Private 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 Western Progressive Private 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 Western Progressive Private Limited
Western Progressive is an active private limited company based in Bicholim, Goa, India. The company works in motorcycle and related parts sale, within the automobile industry. It was incorporated on 07 September 2022 (4+ years old) and is registered under CIN U50400GA2022PTC015499.
Western Progressive reported revenue of ₹12 Cr for FY 2025 (up 45% YoY).
Western Progressive has 2 current directors:
- Vivek Carmo Barreto - Director
- Nilesh Barreto - Director
Western Progressive reported a net profit of ₹13.33 Lakh (net margin 1.1%) and EBITDA of ₹20.29 Lakh (EBITDA margin 1.7%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Western Progressive is U50400GA2022PTC015499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Western Progressive was incorporated on 07 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Western Progressive by revenue are Autos33 Ventures Private Limited, Hosezone Engineers Private Limited, Godawari Techno Solution Private Limited, Jyote Automotive Private Limited, Kamakhya Speed Private Limited and 5 more, all in the Automobiles industry (Auto and Components Dealers).
Silvy Barreto ceased to be Director on 08 Jan 2025. Nilesh Barreto was appointed as Director on 07 Sep 2022. Vivek Carmo Barreto was appointed as Director on 07 Sep 2022.
The registered office of Western Progressive is at CO Silvy Remedios Barreto Hno. 205 Honda Sattari Bicholim – Goa, Goa, India – 403506.
Western Progressive has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh.
Western Progressive operates in the automobile industry, in the motorcycle and related parts sale segment.