About Algates Financial Private Limited
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Algates Financial Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 29 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2019PTC122956. Its GSTIN is 29AASCA1139R1ZV (Karnataka).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Lakshmanan Alagusundaram and Nidhi Verma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor 777/P 13th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.71 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹66.48 Lakh (net margin -397.9%) and EBITDA of -₹59.39 Lakh (EBITDA margin -355.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
The company is associated with 1 brand: Algates. As per MCA filings, the company has open charges of ₹15 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website algates.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor 777/P 13th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560008
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Algates Financial Private Limited
The main business activity of Algates Financial is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Algates Financial Private Limited FY 2025 filings available
Algates Financial Private Limited reported revenue of ₹16.71 Lakh (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Algates Financial Private Limited
Revenue fell 17% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA rose 41% 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 of Algates Financial Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹59.39 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹66.48 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Algates Financial Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -355.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -397.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Algates Financial are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Algates Financial Private Limited
Algates Financial Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidhi Vinayak Suppliers Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Easypay Financial Services Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Alok Stocks & Securities Pvt.Ltd. | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Shalimer Motor and General Finance Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| QMP Certification Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Algates Financial Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Healthquad Advisors Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Optima Money Managers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Quick Elctronics and Engineering Company Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
| MM Fiscal Services Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Usha Polytex Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Algates Financial by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Algates Financial Private Limited
Algates Financial has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmanan Alagusundaram | Director | 16 Dec 2019 | 6 Years 9 Months | Current |
| Nidhi Verma | Director | 29 Mar 2019 | 7 Years 6 Months | Current |
Ownership and Shareholding of Algates Financial Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Algates Financial Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2020 | Hdfc Bank Limited | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Algates Financial Private Limited
Algates Financial operates one associated brand: Algates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stock broking, investment services, and Demat account management in India. | algates.in |
Employees and EPFO Compliance at Algates Financial Private Limited
Employment history and EPFO contributions of people linked to Algates Financial.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Algates Financial Private Limited
Algates Financial Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Balasubramanian Vaithilingam ceased to be Director on 16 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Algates Financial Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Algates Financial Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Algates Financial Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Algates Financial Private Limited
Algates Financial has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA1139R1ZV | Karnataka | Active | 29 Aug 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Algates Financial Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Algates Financial Private Limited
Algates Financial is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 29 March 2019 (7+ years old) and is registered under CIN U67190KA2019PTC122956.
Algates Financial reported revenue of ₹16.71 Lakh for FY 2024 (down 17% YoY).
Algates Financial has 2 current directors:
- Lakshmanan Alagusundaram - Director
- Nidhi Verma - Director
Algates Financial reported a net loss of ₹66.48 Lakh (net margin -397.9%) and EBITDA of -₹59.39 Lakh (EBITDA margin -355.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Algates Financial is 6% over three years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Algates Financial is 29AASCA1139R1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Algates Financial is U67190KA2019PTC122956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algates Financial was incorporated on 29 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Algates Financial by revenue are Sidhi Vinayak Suppliers Pvt Ltd, Easypay Financial Services Private Limited, Alok Stocks & Securities Pvt.Ltd, Shalimer Motor and General Finance Private Limited, QMP Certification Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Balasubramanian Vaithilingam ceased to be Director on 16 Dec 2019. Lakshmanan Alagusundaram was appointed as Director on 16 Dec 2019. Nidhi Verma was appointed as Director on 29 Mar 2019.
Yes, Algates Financial is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).