Alterest India Private Limited
About Alterest India Private Limited
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Alterest India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Alterest Limited. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 16 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC128809.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jeevan Manchenahally Paramashivaiah and Gayathri Paramesh.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 91 Springboard Business Hub Pvt Ltd 1 Flr 45/3 Residency Rd Gopal Krishna Complex, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.53 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹16.29 Lakh (net margin 10.7%) and EBITDA of ₹22.17 Lakh (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 45% over five years.
Company details
Contact details
Alterest India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address91 Springboard Business Hub Pvt Ltd 1 Flr 45/3 Residency Rd Gopal Krishna Complex, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Alterest India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Alterest India is information and communication. In detail, this covers computer programming, consultancy and related activities and information service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | |
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Alterest India Private Limited, buy the company report.
Financials of Alterest India Private Limited
FY 2025 filings availableAlterest India Private Limited reported revenue of ₹1.53 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 45%. EBITDA rose 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹22.17 Lakh | ||||
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| Net Profit (PAT) | ₹16.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 10.7% | ||||
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To see the full financial statements and ratios of Alterest India Private Limited, buy the company report.
Board of directors of Alterest India Private Limited
Alterest India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeevan Manchenahally Paramashivaiah | Director | 16 Oct 2019 | 7 Years 0 Months | Current |
| Gayathri Paramesh | Director | 16 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Alterest India Private Limited is audited by Lodha & Bhatt for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Bhatt | FY 2023 | 016505S |
Shareholding
The shareholding of Alterest India Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Alterest India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Alterest India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Alterest India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Alterest India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Alterest India Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Gayathri Paramesh was appointed as Director on 16 Oct 2019.
Frequently asked questions
Alterest India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 16 October 2019 (7+ years old) and is registered under CIN U72900KA2019FTC128809.
Alterest India has 2 current directors:
- Jeevan Manchenahally Paramashivaiah - Director
- Gayathri Paramesh - Director
The latest financial statements of Alterest India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Alterest India is U72900KA2019FTC128809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alterest India was incorporated on 16 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Gayathri Paramesh was appointed as Director on 16 Oct 2019. Jeevan Manchenahally Paramashivaiah was appointed as Director on 16 Oct 2019.
The registered office of Alterest India is at 91 Springboard Business Hub Pvt Ltd 1 Flr 453 Residency Rd Gopal Krishna Complex, Bangalore, Karnataka, India – 560025.
Alterest India operates in the information technology industry, in the software development and support services segment.
Alterest India can be reached at its registered office: 91 Springboard Business Hub Pvt Ltd 1 Flr 453 Residency Rd Gopal Krishna Complex, Bangalore, Karnataka, India – 560025.
Alterest India is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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