Progressive Extractions & Exports Limited was incorporated on April 21, 1981. The registered office of the company is situated at Bhopal, Madhya Pradesh.

The company is in the business of job work operations of solvent extraction, oil refining, and trading of refined oil.

The company got its shares delisted from Madhya Pradesh Stock Exchange at the AGM held on September 30, 2003. The company's factory (including soyabean solvent extraction plant and refinery) located at Mandideep was taken over by the Madhya Pradesh Financial Corporation (MPFC) on October 29,2004,  was due to the company's inability to repay the loans

Progressive Extractions stopped operating from the year 2006-2007 and manufacturing activities have been suspended at its unit located in the Raisen district of Madhya Pradesh. The company has parted with plant, machinery and other fixed assets. The scrip of the company has been suspended from the BSE on account of non-compliance with listing agreement clauses.

Focused on marketing, it is trying to create a market and resume trading activities.