Altisource Business Solutions Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 2.10 Cr
- Company Age 17 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.00 M
- Satisfied Charges ₹ 0.68 M
- Revenue Growth -5.73%
- Profit Growth 17.19%
- Ebitda 33.72%
- Net Worth 29.53%
- Total Assets -2.09%
About Altisource Business Solutions
Altisource Business Solutions Private Limited (ABSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 August 2007 and has a history of 17 years and five months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Ocwen Business Solutions Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 2.10 Cr.
The company currently has active open charges totaling ₹2.00 M. The company has closed loans amounting to ₹0.68 M, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Altisource Business Solutions Private Limited India is Nikita Goenka as COMPANY SECRETARY. Somnath Mitra, Matias Renaud, Sanjib Prusty, and One other member serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U74900KA2007PTC054134
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Company No.
054134
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
06 Aug 2007
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Date of AGM
29 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Altisource Business Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nikita Goenka
|
Company Secretary | 07-Mar-2019 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Somnath Mitra
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Whole-Time Director | 04-May-2022 | Current |
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Sanjib Prusty
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Whole-Time Director | 11-May-2022 | Current |
Matias Renaud
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Director | 14-Jul-2020 | Current |
|
Gregory Ritts
|
Director | 27-Mar-2020 | Current |
Financial Performance of Altisource Business Solutions.
Altisource Business Solutions Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 5.73% decrease. The company also saw a substantial improvement in profitability, with a 17.19% increase in profit. The company's net worth Soared by an impressive increase of 29.53%.
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What is the Ownership and Shareholding Structure of Altisource Business Solutions?
In 2023, Altisource Business Solutions 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)
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Absotech Solutions Private LimitedSomnath Mitra, Matias Renaud and 2 more are mutual person
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Coolsol Solutions Private Limited
Somnath Mitra, Matias Renaud and 2 more are mutual person
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Finsight Business Solutions Private Limited
Matias Renaud is a mutual person
Charges (Loans)
₹0.20 Cr
₹0.07 Cr
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jan 2023 | The Hongkong And Shanghai Banking Corporation Limited | ₹2.00 M | Open |
| 06 Jan 2015 | Citi Bank N.A. | ₹0.68 M | Satisfied |
How Many Employees Work at Altisource Business Solutions?
Altisource Business Solutions has a workforce of 882 employees as of Apr 02, 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 Altisource Business Solutions, 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 Altisource Business Solutions'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.
