Algates Financial Private Limited - Company Profile

It is a financial services private limited company based in Bangalore, Karnataka, India, established in 2019.

2019 Bangalore, Karnataka, India Active

Last Updated: January 06, 2026

About Algates Financial Private Limited

Algates Financial Private Limited, a active private limited company, was established on 29 March 2019 in Bangalore, Karnataka, India. Engaging in diversified financial services within the financial services sector, it holds CIN: U67190KA2019PTC122956. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.50 Cr and a paid-up capital of ₹1.50 Cr.

It upholds a compliant status. Its leadership includes Lakshmanan Alagusundaram (Additional Director), Nidhi Verma (Director). Past directors included Balasubramanian Vaithilingam. It holds ₹1.50 M open charges and no settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at 2Nd Floor, 777/P 13Th Main, Hal 2Nd Stage, Indiranagar, Bangalore, Karnataka, 560008.

Company Details

CIN/LLPIN
U67190KA2019PTC122956
Registration Number
122956
Incorporation Date
29 March 2019
Authorized Capital
₹1.50 Cr
Paid-Up Capital
₹1.50 Cr
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.50 Cr as on 06-01-2026
Paid Up Capital ₹ 1.50 Cr as on 06-01-2026
Company Age 6 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1.50 M as on 06-01-2026

Comprehensive Company Insights

Explore comprehensive insights into Algates Financial Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Algates Financial Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Lakshmanan Alagusundaram	Additional Director	16 Dec 2019	Current
Nidhi Verma	Director	29 Mar 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	16 Dec 2019	Past

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Financial Performance of Algates Financial.

Algates Financial Private Limited, for the financial year ended 2020, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

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Revenue from Operations

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Total Assets

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Profit or Loss

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Net Worth

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EBITDA

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What is the Ownership and Shareholding Structure of Algates Financial?

Unlock access to Algates Financial's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 0.15 Cr

Latest Charge Details

Date	Lender	Amount	Status
28 Nov 2020	Hdfc Bank Limited	₹1.50 M	Open

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How Many Employees Work at Algates Financial?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Algates Financial, 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 Algates Financial's trajectory.

Rating

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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.

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Latest Updates, News, and FAQs on Algates Financial

Recent Activity within the Organization

Annual General Meeting

Progress on Algates Financial Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was documented.
29 Sep 2025
Balance Sheet

Progress on Algates Financial Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was documented.
31 Mar 2025
Charges

Progress on A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100393387 was registered on 28 Nov 2020. was documented.
28 Nov 2020
Director Appointment

Lakshmanan Alagusundaram was appointed as a Additional Director was appointed as a Additional Director on 16 Dec 2019 & has been associated with this company since 6 years 1 month . was recorded as a recent event.
16 Dec 2019
Director Appointment

Nidhi Verma was appointed as a Director was appointed as a Director on 29 Mar 2019 & has been associated with this company since 6 years 10 months . was recorded as a recent event.
29 Mar 2019
Company Incorporation

Progress on Algates Financial Private Limited was registered on 29 Mar 2019 with Roc Bangalore & aged 6 years 10 months as per MCA records. was documented.
29 Mar 2019

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Frequently Asked Questions

What is the CIN of Algates Financial Private Limited?

The CIN of Algates Financial Private Limited is U67190KA2019PTC122956.

Where is Algates Financial Private Limited headquartered?

Algates Financial Private Limited is headquartered at 2Nd Floor, 777/P 13Th Main, Hal 2Nd Stage, Indiranagar, Bangalore, Karnataka, 560008.

When was Algates Financial Private Limited incorporated?

Algates Financial Private Limited was incorporated on 29 March 2019.

Who are the current directors of Algates Financial Private Limited?

The current directors of Algates Financial Private Limited are

What is the primary industry of Algates Financial Private Limited?

The primary industry of Algates Financial Private Limited is Financial Services.

Is Algates Financial Private Limited a listed company?

Algates Financial Private Limited is unlisted.

What is the capital structure of Algates Financial Private Limited?

The authorized capital of Algates Financial Private Limited is ₹1.50 Cr, and the paid-up capital is ₹1.50 Cr.

What is the compliance status of Algates Financial Private Limited?

The compliance status of Algates Financial Private Limited is Compliant.

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