MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-PB-12-0048011
Altair Raiment Limited
Altair Raiment Limited - textile in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.25 Cr
▼ 31% YoY
Net profit · FY 2024
₹37,231
Net margin 0.3%
EBITDA · FY 2024
₹2.66 Lakh
EBITDA margin 2.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹23 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Altair Raiment Limited
Data last updated:
Altair Raiment Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the manufacturing segment of the textiles sector. It was incorporated on 17 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2018PLC048345. Its GSTIN is 03AARCA2987J1Z8 (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Sumit Narula and Amit Narula.
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 Office No. 401 SCO.21 4th Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.25 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹37,231 (net margin 0.3%) and EBITDA of ₹2.66 Lakh (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years.
As per MCA filings, the company has open charges of ₹23 Lakh on record.
Altair Raiment Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0048011).
Company details
CIN U17299PB2018PLC048345
Registration Number 048345
Incorporation Date 17 September 2018
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0048011
Recognitions & Rankings of Altair Raiment
Contact details
Altair Raiment Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 401 SCO.21 4th Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001
- IndustryTextile, Manufacturing, Textile
To see the full contact details of Altair Raiment Limited, buy the company report.
Comprehensive company report
Altair Raiment Limited - one report that includes everything
- 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
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Business activity
The main business activity of Altair Raiment is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Altair Raiment Limited, buy the company report.
Financials of Altair Raiment Limited
FY 2025 filings availableAltair Raiment Limited reported revenue of ₹1.25 Cr (down 31% YoY) for FY 2024.
Revenue · FY 2024
₹1.25 Cr ▼ 31%
Net profit · FY 2024
₹37,231 margin 0.3%
EBITDA · FY 2024
₹2.66 Lakh margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 87%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 162%
5 years · compounded
▲ 123%
Revenue fell 31% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 87%. EBITDA fell 19% 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 |
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| EBITDA | ₹2.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37,231 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Altair Raiment Limited, buy the company report.
Board of directors of Altair Raiment Limited
Altair Raiment has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Narula Also directs: Smallcap Nidhi Limited | Director | 17 Sep 2018 | 8 Years 1 Months | Current |
| Amit Narula Also directs: Smallcap Nidhi Limited | Director | 17 Sep 2018 | 8 Years 1 Months | Current |
| Manoj Kumar | Director | 04 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Altair Raiment Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uvalianza Ventures Private Limited | ₹1.25 Cr (FY 2024) | -19.0% | Pune, Maharashtra, India | |||
| Shubhanker Engineers Private Limited | ₹1.25 Cr (FY 2024) | 66.0% | Jaipur, Rajasthan, India | |||
| Noviara Chemicals Private Limited | ₹1.25 Cr (FY 2024) | -3.0% | Ernakulam, Kerala, India | |||
| P S K Popular Trading Private Limited | ₹1.25 Cr (FY 2022) | 39.0% | Erode, Tamil Nadu, India | |||
| Madd Square Creations Private Limited | ₹1.25 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| Altair Raiment Limitedthis company | ₹1.25 Cr (FY 2024) | ₹37,231 | 0.3% | -31.0% | Ludhiana, Punjab, India | |
| Ananta Gopal Dairy Private Limited | ₹1.25 Cr (FY 2024) | -33.0% | Bhadrak, Odisha, India | |||
| Standard Financial Consultants Private Limited | ₹1.25 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Sanwadia Industries Private Limited | ₹1.25 Cr (FY 2025) | -12.0% | Jaipur, Rajasthan, India | |||
| Zoydec Pharmaceuticals Private Limited | ₹1.25 Cr (FY 2025) | 19.0% | Chandigarh, India | |||
| Sany Cons Pvt Ltd | ₹1.25 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Altair Raiment Limited, buy the company report.
Charges & borrowings
Open charges
₹23 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2022 | 100569653 | Canara Bank | ₹23 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Altair Raiment 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 Raiment Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Altair Raiment has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AARCA2987J1Z8 | Punjab | Active | 06 May 2019 |
To see the full GST registrations and return filing status of Altair Raiment Limited, buy the company report.
Recent activity
Altair Raiment Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Ankit Narula ceased to be Director on 05 Apr 2019.
AGM
Altair Raiment Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Altair Raiment Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Canara Bank amounted to Rs. 23.00 Lakh with Charge ID 100569653 was registered on 25 Feb 2022.
Ceased
Ankit Narula ceased to be Director.
Appointed
Manoj Kumar was appointed as Director.
Appointed
Amit Narula was appointed as Director.
Appointed
Sumit Narula was appointed as Director.
Incorporation
17 Sep 2018
Altair Raiment Limited was registered on 17 Sep 2018 with Roc Chandigarh & aged 8 years 1 month as per MCA records.
Frequently asked questions
Altair Raiment is an active public limited company based in Ludhiana, Punjab, India. The company works in manufacturing, within the textile industry. It was incorporated on 17 September 2018 (8+ years old) and is registered under CIN U17299PB2018PLC048345.
Altair Raiment has 3 current directors:
- Sumit Narula - Director
- Amit Narula - Director
- Manoj Kumar - Director
The latest financial statements of Altair Raiment 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 FY 2019 are in the company report.
The GSTIN of Altair Raiment is 03AARCA2987J1Z8, registered in Punjab.
The CIN (Corporate Identification Number) of Altair Raiment is U17299PB2018PLC048345. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altair Raiment was incorporated on 17 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Altair Raiment by revenue are Uvalianza Ventures Private Limited, Shubhanker Engineers Private Limited, Noviara Chemicals Private Limited, P S K Popular Trading Private Limited, Madd Square Creations Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Ankit Narula ceased to be Director on 05 Apr 2019. Manoj Kumar was appointed as Director on 04 Apr 2019. Amit Narula was appointed as Director on 17 Sep 2018. Altair Raiment has 4 board changes on record in total.
Yes, Altair Raiment is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0048011).
The registered office of Altair Raiment is at Office No. 401 SCO.21 4th Floor Feroze Gandhi Market, Ludhiana, Punjab, India – 141001.
Altair Raiment operates in the textile industry, in the manufacturing segment.
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