About Altair Industrial Technologies Private Limited
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Altair Industrial Technologies Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 22 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN2003PTC017617. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Altair Industrial Consumables Private Limited. It is led by directors Anoop Anil Anand and Anil Anand.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Cts 110 – 111 Bungalow No. 8 Kumar Elite Lane No. 4A Koregaon Park, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2015, the company reported a revenue of ₹30.92 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹51.81 Lakh (net margin 1.7%) and EBITDA of ₹5.09 Cr (EBITDA margin 16.4%).
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹64.24 Cr and satisfied charges of ₹6 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website altair.in.
Company details
Contact details
Altair Industrial Technologies Private Limited's registered office is in Pune, Maharashtra. Its website is altair.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCts 110 – 111 Bungalow No. 8 Kumar Elite Lane No. 4A Koregaon Park, Pune, Maharashtra, India – 411001
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Altair Industrial Technologies 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 activities of Altair Industrial Technologies are trade and construction. In detail, this covers retail trading and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Altair Industrial Technologies Private Limited, buy the company report.
Financials of Altair Industrial Technologies Private Limited
FY 2016 filings availableAltair Industrial Technologies Private Limited reported revenue of ₹30.92 Cr (down 3% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year. EBITDA rose 55% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹30.92 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹5.09 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹51.81 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 16.4% |
| Net Profit Margin | 1.7% |
| 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 Industrial Technologies Private Limited, buy the company report.
Board of directors of Altair Industrial Technologies Private Limited
Altair Industrial Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anoop Anil Anand Also directs: Bharat HTS Private Limited, Altair Infrasec Private Limited | Director | 04 Mar 2005 | 21 Years 8 Months | Current |
| Anil Anand | Director | 22 Jan 2003 | 23 Years 9 Months | Current |
Auditor
Altair Industrial Technologies Private Limited is audited by C A N J AND COMPANY for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C A N J AND COMPANY | FY 2015 | 133105W |
Shareholding
The shareholding of Altair Industrial Technologies Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Altair Industrial Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2013 | 10411760 | Small Industries Development Bank of India | ₹5 Cr | Open | |
| 10 Mar 2011 | 10277147 | Bank of India | ₹1 Cr | Open | |
| 10 Mar 2011 | 10277474 | Bank of India | ₹3.5 Cr | Open | |
| 16 Jul 2003 | 90092226 | Bank of India | ₹54.74 Cr | Open | |
| 22 Jun 2015 | 10577036 | Indian Overseas Bank | ₹6 Cr | Satisfied |
To see the full charge records of Altair Industrial Technologies Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Altair Industrial Technologies Private Limited has 9 court cases on record: 1 filed by Altair Industrial Technologies, 8 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 4 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Hilti India Pvt. Ltd. | Pending |
| High Court, HARYANA | Arbitration matter | Filed against the company by Indian Oil Corporation Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S. Cablex Trading Corporation Through Brij Mohan Sethi | Pending |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed against the company by Union of India Income Tax Department Through G S Gadkari | Pending |
To see the full case history of Altair Industrial Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Altair Industrial Technologies Private Limited was last rated by Icra on 28 Apr 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Apr 2015 |
To see the full credit ratings and regulatory alerts of Altair Industrial Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Altair Industrial Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Altair Industrial Technologies Private Limited has a workforce of 17 employees on its EPFO records as of Mar 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 17 |
| FY 2016-17 |
To see the full employee and EPFO history of Altair Industrial Technologies Private Limited, buy the company report.
GST
Altair Industrial Technologies has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Altair Industrial Technologies Private Limited, buy the company report.
Recent activity
Altair Industrial Technologies Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Sheila Anand ceased to be Director on 27 Feb 2014.
2 earlier events are in the company report.
Frequently asked questions
Altair Industrial Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 22 January 2003 (23+ years old) and is registered under CIN U29299PN2003PTC017617.
Altair Industrial Technologies has 2 current directors:
- Anoop Anil Anand - Director
- Anil Anand - Director
The latest financial statements of Altair Industrial Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Altair Industrial Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Altair Industrial Technologies is U29299PN2003PTC017617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altair Industrial Technologies has 9 court cases on record: 1 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Altair Industrial Technologies was incorporated on 22 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
Sheila Anand ceased to be Director on 27 Feb 2014. Anuradha Anil Anand ceased to be Director on 01 Oct 2012. Anoop Anil Anand was appointed as Director on 04 Mar 2005. Altair Industrial Technologies has 4 board changes on record in total.
Altair Industrial Technologies can be reached through the website altair.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Altair Industrial Technologies is at Cts 110 – 111 Bungalow No. 8 Kumar Elite Lane No. 4A Koregaon Park, Pune, Maharashtra, India – 411001.
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