Altico Advisors Profile
Key Indicators
- Authorised Capital ₹ 800.00 Cr
- Paid Up Capital ₹ 534.38 Cr
- Company Age 21 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 6,640.10 Cr
- Revenue Growth -45.24%
- Profit Growth -81.65%
- Ebitda 120.65%
- Net Worth 2.07%
- Total Assets 0.16%
About Altico Advisors
Altico Advisors Limited (AAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 January 2004 and has a history of 21 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Clearwater Capital Partners India Private Limited. The Company is engaged in the Financial Services 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 800.00 Cr and a paid-up capital of Rs 534.38 Cr.
The company has closed loans amounting to ₹6,640.10 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Altico Advisors Limited India are Rajeshwari Ramaswamy as CFO and Dhruva Gandhi as Company Secretary. Roshan Banka, Ranjan Lath, and Rajeshwari Ramaswamy serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74110MH2004PLC144260
- Company No.
144260
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Jan 2004
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Altico Advisors Limited
Explore comprehensive data for Altico Advisors Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Altico Advisors?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajeshwari Ramaswamy  | CFO | 08-Mar-2023 | Current |
| Dhruva Gandhi | Company Secretary | 24-May-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ranjan Lath | Director | 06-Jan-2023 | Current |
| Roshan Banka | Director | 06-Jan-2023 | Current |
| Rajeshwari Ramaswamy | Whole-Time Director and Cfo | 06-Jan-2023 | Current |
Financial Performance of Altico Advisors.
Altico Advisors Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 45.24% decrease. The company also saw a substantial fall in profitability, with a 81.65% decrease in profit. The company's net worth moved up by a moderate rise of 2.07%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Altico Advisors?
In 2023, Altico Advisors had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ares Management Asia (India) Private LimitedRoshan Banka and Ranjan Lath are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹6,640.10 Cr
Charges Breakdown by Lending Institutions
- Others : 6640.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2019 | Others | ₹250.00 Cr | Satisfied |
| 03 Dec 2018 | Others | ₹73.20 Cr | Satisfied |
| 29 Nov 2018 | Others | ₹66.50 Cr | Satisfied |
| 31 Oct 2018 | Others | ₹500.00 Cr | Satisfied |
| 28 Sep 2018 | Others | ₹3.00 Cr | Satisfied |
How Many Employees Work at Altico Advisors?
Altico Advisors has a workforce of 14 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Altico Advisors, 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 Altico Advisors's trajectory.
Rating
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
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 Altico Advisors
Recent activity within the organization
- Annual General Meeting
Altico Advisors Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Director Appointment
Dhruva Gaurav Gandhi was appointed as a Company Secretary was appointed as a Company Secretary on 24 May 2024 & has been associated with this company since 11 months 29 days .
- Balance Sheet
Altico Advisors Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Rajeshwari Ramaswamy was appointed as a Cfo was appointed as a Cfo on 08 Mar 2023 & has been associated with this company since 2 years 2 months .
- Director Appointment
Roshan Kumar Banka was appointed as a Director was appointed as a Director on 06 Jan 2023 & has been associated with this company since 2 years 4 months .
- Director Appointment
Ranjan Lath was appointed as a Director was appointed as a Director on 06 Jan 2023 & has been associated with this company since 2 years 4 months .
Recent News, Updates & Announcement
- Rescue plan: Altico may offer to sell its assets.
Alticos asset sales could immediately fetch at least Rs 2,000 crore, market sources said..
- HDFC Bank's Rs 200 Crore Debit from Altico Sparks RBI Complaints and SBI Criticism, Foreign-Backed Altico Seeks Resolution Plan.
HDFC Bank debited Rs 200 crore from Altico's account, causing a default on interest payment to Mashreq Bank. Altico and Mashreq have complained to RBI, saying this violates ECB rules. SBI chairman criticized the selfish private bank for damaging the financial system. Altico is backed by foreign investors and is now seeking a resolution plan..
- Altico lenders appoint SBI Cap & EY as advisors.
Existing shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in March..
- Real Estate Lender Altico Capital in Talks with Private Equity Funds for Stake Sale and Debt Restructuring Amid Default Troubles.
Altico Capital India Ltd, a real estate lender, is in talks with private equity funds like Apollo Global and Cerberus Capital for a stake sale after defaulting on interest payments. They plan to use the funds to pay back lenders and complete projects. Altico's troubles began when it missed an interest payment to Mashreq Bank. The investors are proposing a 30-40% debt haircut. Altico's total debt is ₹4,361.55 crore. The lender's shareholders are also negotiating with lenders for a debt restructuring and plan to sell their stakes. Altico's COO has taken charge after the CEO's resignation..
Frequently asked questions
What is the Incorporation or founding date of Altico Advisors Limited?
Altico Advisors Limited was incorporated on 28 Jan 2004.
What is authorized share capital and paid-up capital of Altico Advisors Limited?
The authorized share capital of Altico Advisors Limited is ₹ 800.00 Cr and paid-up capital is ₹ 534.38 Cr.
Who are the current board members & directors of Altico Advisors Limited?
Currently 5 directors are associated with Altico Advisors Limited.
- Roshan Kumar Banka
- Ranjan Lath
- Rajeshwari Ramaswamy
- Rajeshwari Ramaswamy
- Dhruva Gaurav Gandhi
What is the registered address of Altico Advisors Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Altico Advisors Limited is Unit No. 1408 14Th Floor C Wing One Bkc G Block Kurla Complex, India, Bandra, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Altico Advisors Limited?
The corporate identification number (CIN) of Altico Advisors Limited is U74110MH2004PLC144260 and the company number is 144260 as per Ministry of Corporate Affairs (MCA).
What is the official website of Altico Advisors Limited?
The Official website of Altico Advisors Limited is https://www.alticocap.com
What has been the recent revenue trend for Altico Advisors Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Altico Advisors Limited has fallen by -45.24%.
How many employees does Altico Advisors Limited currently have?
As Per 2023 financial reports, 14 employees are currently employed by Altico Advisors Limited.
What change has been observed in the net worth of Altico Advisors Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Altico Advisors Limited has experienced an upsurge of 2.07%.
When was the last Balance Sheet of Altico Advisors Limited filed with the ROC?
The most recent Balance Sheet for Altico Advisors Limited was filed with the ROC on 31 Mar 2024.
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