About Altorise Ventures Private Limited
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Altorise Ventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 15 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2015PTC260982. Its GSTIN is 27AANCA2085M1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Thopil Babu Bawa and Praveen Thoppil Babu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 1401 And 1402 Ghanshyam Enclave Laljipada Kandivali West, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.69 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹18.15 Lakh (net margin -21.4%) and EBITDA of -₹11.25 Lakh (EBITDA margin -13.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
The company is associated with 1 brand: Altorise.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website altorise.com.
Company details
Contact details
Altorise Ventures Private Limited's registered office is in Mumbai, Maharashtra. Its website is altorise.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 1401 And 1402 Ghanshyam Enclave Laljipada Kandivali West, Mumbai, Maharashtra, India – 400067
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Altorise Ventures 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
Brands
Altorise Ventures operates one associated brand: Altorise. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides digital marketing, branding, design, and technology services for teams. | altorise.com |
Business activity
The main business activity of Altorise Ventures is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Altorise Ventures Private Limited, buy the company report.
Financials of Altorise Ventures Private Limited
FY 2024 filings availableAltorise Ventures Private Limited reported revenue of ₹84.69 Lakh (down 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 167% 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
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| EBITDA | -₹11.25 Lakh | ||||
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| Net Profit (PAT) | -₹18.15 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -13.3% | ||||
| Net Profit Margin | -21.4% | ||||
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To see the full financial statements and ratios of Altorise Ventures Private Limited, buy the company report.
Board of directors of Altorise Ventures Private Limited
Altorise Ventures has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thopil Babu Bawa | Director | 15 Jan 2015 | 11 Years 9 Months | Current |
| Praveen Thoppil Babu | Director | 15 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Altorise Ventures Private Limited is audited by A S A T & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S A T & Associates | FY 2023 | 130701W |
Shareholding
The shareholding of Altorise Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Altorise Ventures Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Altorise Ventures 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 Altorise Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Altorise Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA2085M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Altorise Ventures Private Limited, buy the company report.
Recent activity
Altorise Ventures Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Praveen Thoppil Babu was appointed as Director on 15 Jan 2015.
Frequently asked questions
Altorise Ventures is an active private limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 15 January 2015 (11+ years old) and is registered under CIN U74900MH2015PTC260982.
Altorise Ventures has 2 current directors:
- Thopil Babu Bawa - Director
- Praveen Thoppil Babu - Director
The latest financial statements of Altorise Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Altorise Ventures is 27AANCA2085M1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Altorise Ventures is U74900MH2015PTC260982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altorise Ventures was incorporated on 15 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Praveen Thoppil Babu was appointed as Director on 15 Jan 2015. Thopil Babu Bawa was appointed as Director on 15 Jan 2015.
Altorise Ventures can be reached through the website altorise.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Altorise Ventures is at Office No. 1401 And 1402 Ghanshyam Enclave Laljipada Kandivali West, Mumbai, Maharashtra, India – 400067.
Altorise Ventures operates in the media and publishing industry, in the advertising agencies and media services segment.