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Progress Software Development Location T. Score People Network Registered Details
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PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED

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Active
Updated: 19 Feb 2024

Progress Software Development Private Limited, is an unlisted private company incorporated on 09 February, 2005. It is classified as a private limited company and is located in Rangareddi, Telangana. It's authorized share capital is INR 5.00 lac and the total paid-up capital is INR 5.00 lac.

Progress Software Development's operating revenue range is INR 100 cr - 500 cr for the financial year ending on 31 March, 2022. It's EBITDA has increased by 74.44% over the previous year. At the same time, it's book networth has increased by 17.36%.

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Industry

Business Services
Products
  • Web Hosting, Cio Advisory Services., Application Virtualization, Sharepoint Development
Key Metrics

** All rupee values in INR crores. Based on March 2022 numbers.

Sales
53.54%
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EBITDA
74.44%
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Net Profit
51.77%
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Networth
17.36%
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Borrowings
-
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Assets
18.82%
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Gross Margin
-
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Operating Margin
2.55
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Net Profit Margin
-0.11
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Return on Equity
3.35
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ROCE
5.3
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Debt to Equity
-
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Sales
Mar 2022
Net worth
Mar 2022

Locations

indian flag India (5)
State Type Address

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Tofler Score

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Poor
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Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Sales GET PRO GET PRO GET PRO GET PRO GET PRO
Operating profit GET PRO GET PRO GET PRO GET PRO GET PRO
Net profit GET PRO GET PRO GET PRO GET PRO GET PRO
Gross margin GET PRO GET PRO GET PRO GET PRO GET PRO
Operating margin GET PRO GET PRO GET PRO GET PRO GET PRO
Net margin GET PRO GET PRO GET PRO GET PRO GET PRO
Networth
Borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Debt to equity GET PRO GET PRO GET PRO GET PRO GET PRO
Current ratio GET PRO GET PRO GET PRO GET PRO GET PRO
ROE GET PRO GET PRO GET PRO GET PRO GET PRO
Days payable GET PRO GET PRO GET PRO GET PRO GET PRO
WC days GET PRO GET PRO GET PRO GET PRO GET PRO
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital GET PRO GET PRO GET PRO GET PRO GET PRO
Reserves GET PRO GET PRO GET PRO GET PRO GET PRO
Borrowings + GET PRO GET PRO GET PRO GET PRO GET PRO
Long term borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Short term borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Trade payables + GET PRO GET PRO GET PRO GET PRO GET PRO
Days payable GET PRO GET PRO GET PRO GET PRO GET PRO
Other liabilities + GET PRO GET PRO GET PRO GET PRO GET PRO
Other non-current liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Other current liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Total liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Fixed Assets + GET PRO GET PRO GET PRO GET PRO GET PRO
Tangible assets GET PRO GET PRO GET PRO GET PRO GET PRO
CWIP GET PRO GET PRO GET PRO GET PRO GET PRO
Intangible assets GET PRO GET PRO GET PRO GET PRO GET PRO
LT loans and advances GET PRO GET PRO GET PRO GET PRO GET PRO
Other non-current assets GET PRO GET PRO GET PRO GET PRO GET PRO
Current assets + GET PRO GET PRO GET PRO GET PRO GET PRO
Inventories GET PRO GET PRO GET PRO GET PRO GET PRO
Trade receivables GET PRO GET PRO GET PRO GET PRO GET PRO
Cash and cash equivalents GET PRO GET PRO GET PRO GET PRO GET PRO
ST loans and advances GET PRO GET PRO GET PRO GET PRO GET PRO
Other current assets GET PRO GET PRO GET PRO GET PRO GET PRO
Total assets GET PRO GET PRO GET PRO GET PRO GET PRO
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Sales + GET PRO GET PRO GET PRO GET PRO GET PRO
Sales growth % GET PRO GET PRO GET PRO GET PRO GET PRO
Expenses + GET PRO GET PRO GET PRO GET PRO GET PRO
Cost of goods GET PRO GET PRO GET PRO GET PRO GET PRO
Employee cost GET PRO GET PRO GET PRO GET PRO GET PRO
Other costs GET PRO GET PRO GET PRO GET PRO GET PRO
Operating profit + GET PRO GET PRO GET PRO GET PRO GET PRO
Operating margin % GET PRO GET PRO GET PRO GET PRO GET PRO
Other income GET PRO GET PRO GET PRO GET PRO GET PRO
Interest GET PRO GET PRO GET PRO GET PRO GET PRO
Depreciation GET PRO GET PRO GET PRO GET PRO GET PRO
Exceptional items GET PRO GET PRO GET PRO GET PRO GET PRO
Profit before tax GET PRO GET PRO GET PRO GET PRO GET PRO
Tax GET PRO GET PRO GET PRO GET PRO GET PRO
Profit - disc. ops GET PRO GET PRO GET PRO GET PRO GET PRO
Net profit GET PRO GET PRO GET PRO GET PRO GET PRO
Net margin % GET PRO GET PRO GET PRO GET PRO GET PRO
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Revenue from operations

Ratios

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Solvency +
Total Debt/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Net Debt/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Total Debt/Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Total Assets/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Liquidity +
Current Ratio GET PRO GET PRO GET PRO GET PRO GET PRO
Quick Ratio GET PRO GET PRO GET PRO GET PRO GET PRO
Interest Coverage GET PRO GET PRO GET PRO GET PRO GET PRO
Performance
Gross Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Operating Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Net Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Return +
Return on Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Pre-tax ROCE GET PRO GET PRO GET PRO GET PRO GET PRO
Return on Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Pre-tax ROIC GET PRO GET PRO GET PRO GET PRO GET PRO
Efficiency +
Days Payable GET PRO GET PRO GET PRO GET PRO GET PRO
Days Inventory GET PRO GET PRO GET PRO GET PRO GET PRO
Days Receivable GET PRO GET PRO GET PRO GET PRO GET PRO
Fixed Asset Turnover GET PRO GET PRO GET PRO GET PRO GET PRO
Total Asset Turnover GET PRO GET PRO GET PRO GET PRO GET PRO
Working Capital
Cash Conversion Cycle GET PRO GET PRO GET PRO GET PRO GET PRO
Working Capital Days GET PRO GET PRO GET PRO GET PRO GET PRO
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Ratios

Current ratio
Debt/equity ratio

People

Designation Name DIN/PAN Tenure
Director Domenic Lococo 06485476 2 years
Director Anthony Alfred Folger 06766461 2 years
Director Chandra Sekhar Cheruku 09707792 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
KEMP TECHNOLOGIES INDIA PRIVATE LIMITED
Active
1.4 L 1 Delhi
PROGRESS SOFTWARE SOLUTIONS INDIA PRIVATE LIMITED
Active
20.0 L 2 Maharashtra
ZMANDA TECHNOLOGIES INDIA PRIVATE LIMITED
Under Liquidation
5.0 L 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
DATARPM INDIA PRIVATE LIMITED Karnataka 2012 ₹ 10.0 L
TELERIK INDIA PRIVATE LIMITED - - -

Registered Details

CIN

U74200TG2005PTC045304

PAN

AADCP4833A

Incorporation

2005, 19.8 years

Company Email

ChandraSekhar.Cheruku@progress.com

Paid up Capital

₹ 5.0 L

Authorised Capital

₹ 5.0 L

AGM

31 Jun 2024

Type

Private
Non-government Company

Last Balance Sheet Date
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Mar 2023 Updated on : 19 Feb 2024
* There is the date provided by MCA, but availability for this year is not guaranteed.

FAQ - PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED

What is the incorporation date of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED?

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The incorporation date of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED is 09 February, 2005

What is the authorized share capital of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED?

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The authorized share capital of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED is INR ₹ 5.0 L.

What is the paid-up capital of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED?

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The paid-up capital of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED is INR ₹ 5.0 L.

What is the registered address of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED?

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The registered address of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED is Unit 1101,A Wing,Galaxy, Sy.No.83/1, HYD Knowledge City, TSIIC,Raidurg Village,Serilingampally Manda Hyderabad Rangareddi Telangana - 500081

What is the CIN number of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED?

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The CIN number of PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED is U74200TG2005PTC045304.

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