What does Progressive Finlease Limited do?

Progressive Finlease Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). It is engaged in lending and leasing activities and is listed on the Metropolitan Stock Exchange of India (MSEI). The company was incorporated in 1995 and is headquartered in New Delhi, Delhi.

When was Progressive Finlease Limited incorporated?

Progressive Finlease Limited was incorporated in 1995 as a Public Limited company in New Delhi, with CIN L65910DL1995PLC064310.

Is Progressive Finlease Limited listed?

Progressive Finlease Limited is listed on the Metropolitan Stock Exchange of India (MSEI). It is categorized as an unlisted share in the secondary OTC market with a current price of approximately ₹10 per share.

How do I buy Progressive Finlease unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Progressive Finlease?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Progressive Finlease shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Progressive Finlease Unlisted Share Price | Buy Progressive Finlease Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Progressive Finlease Unlisted Share Price | Buy Progressive Finlease Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Progressive Finlease Limited is a near-dormant MSEI-listed NBFC. ISIN INE911R01014; revenue ₹0.051 Cr (FY25); PAT ₹11,285. Promoter holding only 15.13%. CIN L65910DL1995PLC064310; authorized ₹10 Cr, paid-up ₹8.95 Cr. Pitampura, Delhi.

Pros

ISIN INE911R01014 confirmed; MSEI listed (PROGFIN); L-prefix CIN; RBI-registered NBFC; 30+ years since 1995; website: progressivefinlease.in.
Authorized ₹10 Cr; paid-up ₹8.95 Cr — well-subscribed capital; Pitampura, Delhi (Netaji Subhash Place — major commercial hub).

Cons

Revenue only ₹0.051 Cr (₹5.1 Lakh, FY25); PAT ₹11,285 — effectively zero; near-dormant NBFC.
Promoter holding only 15.13% (FY21) — extremely low; 84.87% public holding with no promoter control.
MSEI listing has near-zero secondary market liquidity; minimal institutional interest.
Revenue collapsed despite ₹8.95 Cr paid-up capital — severe deterioration over 30 years.

Business Segments

NBFC Leasing & Finance

Non-banking financial company; financial leasing, hire purchase, and lending activities; RBI registered; Delhi.

Revenue Model

As an NBFC, Progressive Finlease earns income primarily through interest on loans and lease rentals from its lending and leasing portfolio.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Growing demand for NBFC lending services in India as bank credit penetration remains limited in some segments

Regulatory push for financial inclusion could benefit small NBFCs

Industry Tailwinds

Growing demand for NBFC lending services in India as bank credit penetration remains limited in some segments

Regulatory push for financial inclusion could benefit small NBFCs

Recent Developments

Annual Report filed for FY2023

Progressive Finlease Limited filed its annual report for FY2023 with MSEI, maintaining active regulatory compliance.

2023

Comparable Companies

CompanyTypeTickerMkt Cap

Muthoot FinanceListedMUTHOOTFIN~65000 Cr

Manappuram FinanceListedMANAPPURAM~12000 Cr

Muthoot FinanceListed

MUTHOOTFIN · ~65000 Cr

Manappuram FinanceListed

MANAPPURAM · ~12000 Cr

Frequently Asked Questions

About Progressive Finlease

Progressive Finlease Limited (PFL) is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI) and incorporated on 12 January 1995. The company is listed on the Metropolitan Stock Exchange (MSEI) and operates from its registered office at 500, 5th Floor, ITL Twin Tower, Netaji Subhash Place, Pitampura, Delhi - 110034. PFL is classified as a Non-Deposit Taking Non-Banking Finance Company, meaning it does not accept public deposits but raises funds through other channels to extend credit. The company's business model centers on providing financial inclusion through a socially conscious lending approach — extending loans to customers not solely on the basis of their current financial status, but on the basis of their future earning capacity, with a particular focus on rural and semi-urban India. The company has an authorized capital of Rs. 10 crore and paid-up capital of Rs. 8.95 crore, reflecting a modest capitalization consistent with its SME NBFC profile. Progressive Finlease engages in financial leasing and lending activities, serving micro and small enterprises as well as individual borrowers who may not have access to mainstream banking credit. PFL's approach to lending based on future earning potential rather than current assets represents a microfinance-adjacent philosophy, targeting underserved segments in Delhi and surrounding regions. The MSEI listing provides regulatory oversight and a degree of investor accessibility for the company. As a compliant, RBI-registered NBFC, Progressive Finlease operates within a regulated framework, maintaining lending standards and reporting obligations required of finance companies in India. Its focus on rural and semi-urban lending aligns with India's financial inclusion agenda.

Key Milestones

Incorporated December 12, 1995 in Delhi (CIN: L65910DL1995PLC064310) — 30+ years old

Common questions about unlisted shares

How do I buy Progressive Finlease unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Progressive Finlease Limited

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