About Altair Developers Private Limited
Data last updated:
Altair Developers Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 12 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74120DL2008PTC185741.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shahnoor Rana and Waseem Ahmad.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 108 – 109 Pratap Bhawan 5 Bhadurshah Jafar Marg, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.05 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.27 Lakh (net margin 74.2%) and EBITDA of ₹2.28 Lakh (EBITDA margin 74.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹3 Cr 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 altair.com.
Company details
Contact details
Altair Developers Private Limited's registered office is in New Delhi, Delhi. Its website is altair.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address108 – 109 Pratap Bhawan 5 Bhadurshah Jafar Marg, New Delhi, Delhi, India – 110002
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Altair Developers 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
Financials of Altair Developers Private Limited
FY 2025 filings availableAltair Developers Private Limited reported revenue of ₹3.05 Lakh (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 32% 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 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 | ₹2.28 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.27 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.5% | ||||
| Net Profit Margin | 74.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Altair Developers Private Limited, buy the company report.
Board of directors of Altair Developers Private Limited
Altair Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shahnoor Rana Also directs: Rana Concast Limited, Dasna Steels Private Limited, Doaba Rolling Mills Private Limited and 2 more | Director | 02 May 2011 | 15 Years 5 Months | Current |
| Waseem Ahmad | Additional Director | 25 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Altair Developers Private Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (production of crops and animals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Masuu Organic Private Limited | ₹3.06 Lakh (FY 2024) | P.Gannavaram, Andhra Pradesh, India | ||||
| Altair Developers Private Limitedthis company | ₹3.05 Lakh (FY 2024) | ₹2.27 Lakh | 74.2% | -25.0% | New Delhi, Delhi, India | |
| Susangam Shetkari Producer Company Limited | ₹3.04 Lakh (FY 2021) | 23.0% | Ausa, Maharashtra, India | |||
| Shipra Agrotech Pvt Ltd | ₹3.04 Lakh (FY 2025) | -58.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Altair Developers Private Limited, buy the company report.
Auditor
Altair Developers Private Limited is audited by VIRAJ & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIRAJ & ASSOCIATES | FY 2021 | 012367C |
Shareholding
The shareholding of Altair Developers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Altair Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2011 | 10319839 | Punjab National Bank | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Altair Developers 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 Altair Developers 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 Altair Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Altair Developers Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Shamim Ahmad ceased to be Director on 12 May 2025.
News
Frequently asked questions
Altair Developers is an active private limited company based in New Delhi, Delhi, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 12 December 2008 (18+ years old) and is registered under CIN U74120DL2008PTC185741.
Altair Developers has 2 current directors:
- Shahnoor Rana - Director
- Waseem Ahmad - Additional Director
The latest financial statements of Altair Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Altair Developers is U74120DL2008PTC185741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altair Developers was incorporated on 12 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Altair Developers by revenue are Masuu Organic Private Limited, Susangam Shetkari Producer Company Limited, Shipra Agrotech Pvt Ltd, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (production of crops and animals).
Shamim Ahmad ceased to be Director on 12 May 2025. Waseem Ahmad was appointed as Additional Director on 25 Apr 2025. Kamran Rana ceased to be Director on 01 Aug 2017. Altair Developers has 6 board changes on record in total.
Altair Developers can be reached through the website altair.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Altair Developers is at 108 – 109 Pratap Bhawan 5 Bhadurshah Jafar Marg, New Delhi, Delhi, India – 110002.
Altair Developers operates in the agriculture industry, in the agro retail and distribution segment.
Altair Developers has open charges of ₹3 Cr and no satisfied charges on record as per latest MCA filings.