Altisource Business Solutions Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 2.10 Cr
- Company Age 17 Year, 6 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 six 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
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74900KA2007PTC054134
- Company No.
054134
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Aug 2007
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Information Technology
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 | Whole-Time Director | 04-May-2022 | Current |
| Sanjib Prusty | Whole-Time Director | 11-May-2022 | Current |
Matias Renaud  | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Absotech Solutions Private LimitedSomnath Mitra, Matias Renaud and 2 more are mutual person
- Coolsol Solutions Private Limited
Somnath Mitra, Matias Renaud and 2 more are mutual person
- Finsight Business Solutions Private Limited
Matias Renaud is a mutual person
Charges (Loans)
Open Charges
₹0.20 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Altisource Business Solutions
Recent activity within the organization
- Annual General Meeting
Altisource Business Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Balance Sheet
Altisource Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.20 Cr with Charge ID 100663011 was registered on 06 Jan 2023.
- Director Appointment
Sanjib Kumar Prusty was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 11 May 2022 & has been associated with this company since 2 years 9 months .
- Director Appointment
Somnath Mitra was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 04 May 2022 & has been associated with this company since 2 years 10 months .
- Charges
A charge registered on 06 Jan 2015 via Charge ID 10559352 with Citi Bank N.A. was fully satisfied on 05 Feb 2021.
Frequently asked questions
What is the Incorporation or founding date of Altisource Business Solutions Private Limited?
Altisource Business Solutions Private Limited was incorporated on 06 Aug 2007.
What is authorized share capital and paid-up capital of Altisource Business Solutions Private Limited?
The authorized share capital of Altisource Business Solutions Private Limited is ₹ 12.00 Cr and paid-up capital is ₹ 2.10 Cr.
Who are the current board members & directors of Altisource Business Solutions Private Limited?
Currently 5 directors are associated with Altisource Business Solutions Private Limited.
- Somnath Mitra
- Matias Emilio Canibe Renaud
- Sanjib Kumar Prusty
- Nikita Goenka
- Gregory James Ritts
What is the registered address of Altisource Business Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Altisource Business Solutions Private Limited is Vaishnavi Tech Park Ground Floor Tower C Outer Ring Road Bellandur, India, Bengaluru, Karnataka, 560103.
What is the corporate identification number (CIN) and company number of Altisource Business Solutions Private Limited?
The corporate identification number (CIN) of Altisource Business Solutions Private Limited is U74900KA2007PTC054134 and the company number is 054134 as per Ministry of Corporate Affairs (MCA).
What is the official website of Altisource Business Solutions Private Limited?
The Official website of Altisource Business Solutions Private Limited is https://www.altisource.com
What has been the recent revenue trend for Altisource Business Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Altisource Business Solutions Private Limited has fallen by -5.73%.
How many employees does Altisource Business Solutions Private Limited currently have?
As Per 2023 financial reports, 882 employees are currently employed by Altisource Business Solutions Private Limited.
What change has been observed in the net worth of Altisource Business Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Altisource Business Solutions Private Limited has experienced an upsurge of 29.53%.
What are the total open charges for Altisource Business Solutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Altisource Business Solutions Private Limited amount to ₹ 2.00 M.
When was the last Balance Sheet of Altisource Business Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Altisource Business Solutions Private Limited was filed with the ROC on 31 Mar 2023.
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