Altec Corporation Limited

Manufacturer of various types of ladders with large production capacity and global clientele.

1987 | Hyderabad, Telangana (India) | Active
Last Updated:

Altec Corporation Profile

Key Indicators

  • Authorised Capital ₹ 36.50 Cr
  • Paid Up Capital ₹ 35.87 Cr
  • Company Age 38 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 25.02 Cr

About Altec Corporation

Altec Corporation Limited (ACL) is a Public Limited Indian Non-Government Company incorporated in India on 21 January 1987 and has a history of 38 years and four months. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 36.50 Cr and a paid-up capital of Rs 35.87 Cr.

The company has closed loans amounting to ₹25.02 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Altec Corporation Limited India is Sravan Kottala as CFO. Nazar Algharibeh, Sravan Kottala, and Raghu Mamidi serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27203TG1987PLC007108

  • Company No.

    007108

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Jan 1987

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Manufacturing
Company report

Altec Corporation Limited

Explore comprehensive data for Altec Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Altec Corporation?

Executive Team (1)

NameDesignationAppointment DateStatus
Sravan Kottala Country flag representing In CFO21-Jul-2022Current

Board Members (3)

NameDesignationAppointment DateStatus
Nazar Algharibeh Country flag representing Kw Director 27-Oct-2008Current
Sravan Kottala Country flag representing In Director and Cfo 21-Jul-2022Current
Raghu Mamidi Country flag representing In Director 16-Aug-2022Current

Financial Performance of Altec Corporation.

Altec Corporation Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Altec Corporation revenue growth over time
Altec Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Altec Corporation?

In 2017, Altec Corporation had a promoter holding of 90.03% and a public holding of 9.97%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹25.02 Cr

Charges Breakdown by Lending Institutions

  • Andhra Pradesh Industrial Development Corpn. Ltd : 7.80 Cr
  • State Bank Of India; Industrial Finance Branch; : 5.49 Cr
  • Trustees Of The Stressed Assets Stabilisation Fund : 3.85 Cr
  • Industrial Development Bank Of India; "Idbi Tower" : 3.85 Cr
  • Andhra Pradesh Industrial Development Corporation Ltd. : 1.31 Cr
  • Others : 2.72 Cr

Latest Charge Details

DateLenderAmountStatus
17 Mar 2005Andhra Pradesh Industrial Development Corpn. Ltd₹7.80 CrSatisfied
21 Mar 2000Andhra Pradesh Industrial Development Corporation Ltd.₹5.00 MSatisfied
24 Sep 1999Industrial Development Bank Of India; "Idbi Tower"₹3.85 CrSatisfied
24 Sep 1998Trustees Of The Stressed Assets Stabilisation Fund₹3.85 CrSatisfied
22 Jun 1998State Bank Of India Central Office At Narinam Point; Bombay;₹4.33 MSatisfied

How Many Employees Work at Altec Corporation?

Unlock and access historical data on people associated with Altec Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Altec Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Altec Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Altec Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Altec Corporation

Recent activity within the organization

  • Annual General Meeting

    Altec Corporation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Altec Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

  • Director Appointment

    Raghu Mamidi was appointed as a Director was appointed as a Director on 16 Aug 2022 & has been associated with this company since 2 years 9 months .

  • Director Appointment

    Sravan Kumar Kottala was appointed as a Director was appointed as a Director on 21 Jul 2022 & has been associated with this company since 2 years 10 months .

  • Director Appointment

    Sravan Kumar Kottala was appointed as a Cfo was appointed as a Cfo on 21 Jul 2022 & has been associated with this company since 2 years 10 months .

  • Charges

    A charge registered on 24 Sep 1999 via Charge ID 90339144 with Industrial Development Bank Of India; "Idbi Tower" was fully satisfied on 28 Jul 2009.

Frequently asked questions

  • What is the Incorporation or founding date of Altec Corporation Limited?

    Altec Corporation Limited was incorporated on 21 Jan 1987.

  • What is authorized share capital and paid-up capital of Altec Corporation Limited?

    The authorized share capital of Altec Corporation Limited is ₹ 36.50 Cr and paid-up capital is ₹ 35.87 Cr.

  • Who are the current board members & directors of Altec Corporation Limited?

    Currently 4 directors are associated with Altec Corporation Limited.

    • Nazar Abdulhadi Modhi Mubarak Algharibeh
    • Sravan Kumar Kottala
    • Raghu Mamidi
    • Sravan Kumar Kottala

  • What is the registered address of Altec Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Altec Corporation Limited is Plot No. 131 Flat 206 Murthy Mansion Bhagyanagar Colony Kukatpally, India, Hyderabad, Telangana, 500072.

  • What is the corporate identification number (CIN) and company number of Altec Corporation Limited?

    The corporate identification number (CIN) of Altec Corporation Limited is U27203TG1987PLC007108 and the company number is 007108 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Altec Corporation Limited?

    The Official website of Altec Corporation Limited is https://www.altecindia.com

  • When was the last Balance Sheet of Altec Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Altec Corporation Limited was filed with the ROC on 31 Mar 2024.

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