Altico Advisors Limited

Altico Advisors Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74110MH2004PLC144260 Incorporated 28 January 2004 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company financial services
Data last updated
Revenue · FY 2025
₹80.4 Cr
▲ 22% YoY
Net profit · FY 2025
₹13.33 Cr
Net margin 16.6%
EBITDA · FY 2025
₹8.22 Cr
EBITDA margin 10.2%
Authorised capital
₹800 Cr
Registered with MCA
Paid-up capital
₹534.38 Cr
Issued & subscribed
Satisfied charges
₹6,640.1 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
14
Provident fund records

About Altico Advisors Limited

Data last updated:

Altico Advisors Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Nolana Capital Singapore Pte Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 28 January 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2004PLC144260. Its GSTIN is 27AACCC3064F1ZY (Maharashtra).

The company has an authorised share capital of ₹800 Cr and a paid-up capital of ₹534.38 Cr. It was formerly known as Clearwater Capital Partners India Pvt Ltd and Altico Capital India Limited. It is led by directors including Rajeshwari Ramaswamy (Whole-Time Director) and Roshan Kumar Banka.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹80.4 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹13.33 Cr (net margin 16.6%) and EBITDA of ₹8.22 Cr (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 41% over five years.

The company has about 14 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Altico Capital. As per MCA filings, the company has satisfied charges of ₹6,640.1 Cr on record. Court records list 63 cases involving the company, including 22 filed by the company and 17 filed against it; 13 cases are pending. The company has 22 deals on record (12 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹734.69 Cr; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Large NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Suraj Viniyog Private Limited with revenue of ₹83.53 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 9 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alticocap.com.

Company Details of Altico Advisors Limited
CIN U74110MH2004PLC144260
Registration Number 144260
Incorporation Date 28 January 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Nolana Capital Singapore Pte Limited
Compliance Status Active Compliant

Name History of Altico Advisors Limited

Altico Advisors has undergone 6 name changes throughout its history. The current legal name is Altico Advisors Limited.

Company NameStatus
Altico Advisors LimitedCurrent
Clearwater Capital Partners India Pvt LtdPrevious
Altico Capital India LimitedPrevious
Altico India LimitedPrevious
Clearwater Capital Partners India Private LimitedPrevious
Altico Capital India Private LimitedPrevious
Altico LimitedPrevious

CIN History of Altico Advisors Limited

Altico Advisors has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110MH2004PLC144260, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74110MH2004PLC144260Current
U65993MH2004PTC144260Previous
U65993MH2004PLC144260Previous
Key People
Rajeshwari Ramaswamy Whole-Time Director Roshan Kumar Banka Director Ranjan Lath Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    alticocap.com
  • Social Media
    Locked
  • Registered Address
    Unit No. 1408 14th Floor C Wing, One BKC G Block Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051
  • Industry
    Financial Services, NBFC
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Financials, compliance, directors, charges, ownership and filings for Altico Advisors Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Altico Advisors Limited

Altico Advisors operates one associated brand: Altico Capital. Each brand links to its own profile.

BrandDescriptionWebsite
Altico Capital
Systematically important NBFC focused on the real estate sectoralticocap.com

Business Activity of Altico Advisors Limited

The main business activity of Altico Advisors is support service to organizations. In detail, this covers other support services to organizations.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
NSupport service to OrganizationsN7Other support services to organizationsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Financials of Altico Advisors Limited FY 2025 filings available

Altico Advisors Limited reported revenue of ₹80.4 Cr (up 22% YoY) for FY 2025.

Revenue · FY 2025
₹80.4 Cr ▲ 22%
Net profit · FY 2025
₹13.33 Cr margin 16.6%
EBITDA · FY 2025
₹8.22 Cr margin 10.2%

Compounded Annual Growth Rate (CAGR) of Altico Advisors Limited

Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 27%
5 years · compounded
▼ 41%
EBITDA CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 15%

Revenue rose 22% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 41%. EBITDA fell 43% 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 Altico Advisors Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹8.22 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹13.33 Cr••••••••••••••••
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 Altico Advisors Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.2%••••••••••••••••
Net Profit Margin16.6%••••••••••••••••
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 Altico Advisors are in the company report.

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Board of Directors of Altico Advisors Limited

Altico Advisors has 3 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Roshan Kumar Banka
Also directs: Ares Management Asia (India) Private Limited
Director06 Jan 20233 Years 9 MonthsCurrent
Ranjan Lath
Also directs: Ares Management Asia (India) Private Limited, Ares Management India (Ifsc) Private Limited
Director06 Jan 20233 Years 9 MonthsCurrent
Rajeshwari RamaswamyWhole-Time Director06 Jan 20233 Years 9 MonthsCurrent
View all directors

Peer Comparison of Altico Advisors Limited

Altico Advisors Limited is compared with the companies closest to it by revenue in the BFSI industry (Large NBFC). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Suraj Viniyog Private Limited₹83.53 Cr (FY 2019)••••••••294.0%••••Kolkata, West Bengal, India
Satyadharma Investments and Trading Company Private Limited₹82.4 Cr (FY 2025)••••••••42.0%••••Mumbai, Maharashtra, India
Mirae Asset Sharekhan Financial Services Limited₹82.11 Cr (FY 2019)••••••••-8.0%••••Thane, Maharashtra, India
A V S R Holdings Private Limited₹81.8 Cr (FY 2020)••••••••64.0%••••Hyderabad, Telangana, India
Manappuram Asset Finance Limited₹81.61 Cr (FY 2024)••••••••29.0%••••Thrissur, Kerala, India
Altico Advisors Limited this company₹80.4 Cr (FY 2025)••••••••22.0%••••Mumbai, Maharashtra, India
Sampati Securities Limited₹79.33 Cr (FY 2025)••••••••32.0%••••Ahmedabad, Gujarat, India
Jagaran Microfin Private Limited₹77.67 Cr (FY 2024)••••••••15.0%••••Kolkata, West Bengal, India
Narmada Fintrade Private Limited₹75.93 Cr (FY 2025)••••••••45.0%••••Ahmedabad, Gujarat, India
Boon Investment and Trading Company Private Limited₹75.73 Cr (FY 2024)••••••••31.0%••••Mumbai, Maharashtra, India
Sterling Investment Corporation Private Limited₹75.57 Cr (FY 2024)••••••••89.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Altico Advisors by revenue in the BFSI industry (Large NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Altico Advisors Limited

Altico Advisors Limited is audited by RAY & RAY CHARTERED ACCOUNTANTS for the financial year 2023.

NameStatusAppointment DateCessation Date
RAY & RAY CHARTERED ACCOUNTANTSLockedLockedLocked
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Ownership and Shareholding of Altico Advisors Limited

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Charges & Borrowings of Altico Advisors Limited

Open charges
None
Satisfied charges
₹6,640.1 Cr
Breakdown by lending institutions
Others₹6,640.10 Cr
Latest charge details
DateLenderAmountStatus
08 Apr 2019Others₹250 CrSatisfied
03 Dec 2018Others₹73.2 CrSatisfied
29 Nov 2018Others₹66.5 CrSatisfied
31 Oct 2018Others₹500 CrSatisfied
28 Sep 2018Others₹3 CrSatisfied

Total charge records: 21 View all charges

Deals & Funding of Altico Advisors Limited

Altico Advisors Limited has 22 deals on record (12 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹734.69 Cr; the latest was in March 2021.

Total deals
22
Secondary share transfers
12
Rights issues
6
Funding rounds
3
Acquisition
1
Disclosed funding
₹734.69 Cr

Deals on record (5 of 22)

WhenDealAmountParties
Mar 2021Acquisition₹2,800 CrBuyer: an individual
Mar 2019Rights issue₹357.41 CrInvestors: India Credit Pte Limited
Mar 2016Rights issue₹175.08 CrInvestors: India Credit Pte Limited
Oct 2015Rights issue₹562.18 CrInvestors: India Credit Pte Limited
Mar 2015Secondary share transferUndisclosedSeller: India Credit Pte Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Altico Advisors Limited

Altico Advisors Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 9)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Mufg Intime India Private Limited••••••••••••
P. E. Analytics Limited••••••••••••
Vistra Itcl (India) Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Altico Advisors Limited

Altico Advisors Limited has a workforce of 14 employees as of Apr 09, 2024.

Employee count
14
Active EPFO establishments
1
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Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Altico Advisors Limited

Altico Advisors Limited has 34 board changes on record since 2007: 3 appointments and 31 cessations. The latest: Ranjan Lath ceased to be Additional Director on 19 Sep 2023.

AGM
Altico Advisors Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Altico Advisors Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Ranjan Lath ceased to be Additional Director.
Ceased
Roshan Kumar Banka ceased to be Additional Director.
Appointed
Rajeshwari Ramaswamy was appointed as Whole-Time Director.
Ceased
Rajeshwari Ramaswamy ceased to be Additional Director.
Appointed
Ranjan Lath was appointed as Director.
Appointed
Roshan Kumar Banka was appointed as Director.
Ceased
Neeraj Kumar ceased to be Additional Director.
Charges
A charge registered on 08 Apr 2019 via Charge ID 100261470 with Others was fully satisfied on 11 Mar 2022.
Charges
A charge registered on 03 Dec 2018 via Charge ID 100225878 with Others was fully satisfied on 11 Mar 2022.
Charges
A charge registered on 29 Nov 2018 via Charge ID 100226456 with Others was fully satisfied on 11 Mar 2022.

72 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Altico Advisors Limited

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Subsidiaries & Group Companies of Altico Advisors Limited

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GST Compliance of Altico Advisors Limited

Altico Advisors has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCC3064F1ZYMaharashtraActive01 Jul 2017
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MCA Filings & Documents of Altico Advisors Limited

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Related news about Altico Advisors Limited

Frequently Asked Questions about Altico Advisors Limited

Altico Advisors is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 28 January 2004 (22+ years old) and is registered under CIN U74110MH2004PLC144260.

Altico Advisors reported revenue of ₹80.4 Cr for FY 2025 (up 22% YoY).

Altico Advisors has 3 current directors:

Altico Advisors reported a net profit of ₹13.33 Cr (net margin 16.6%) and EBITDA of ₹8.22 Cr (EBITDA margin 10.2%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Altico Advisors is 27% over three years and -41% over five years. In the latest year (FY 2025) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Altico Advisors is 27AACCC3064F1ZY, registered in Maharashtra.

The CIN (Corporate Identification Number) of Altico Advisors is U74110MH2004PLC144260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Altico Advisors has 63 court cases on record: 22 filed by the company and 17 filed against it. 13 are pending. Most are in the high courts.

Altico Advisors was incorporated on 28 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.

Altico Advisors has 22 deals on record (12 secondary share transfers, 6 rights issues, 3 funding rounds), with disclosed funding of ₹734.69 Cr; the latest was in March 2021.

The peers of Altico Advisors by revenue are Suraj Viniyog Private Limited, Satyadharma Investments and Trading Company Private Limited, Mirae Asset Sharekhan Financial Services Limited, A V S R Holdings Private Limited, Manappuram Asset Finance Limited and 5 more, all in the BFSI industry (Large NBFC).

Ranjan Lath ceased to be Additional Director on 19 Sep 2023. Roshan Kumar Banka ceased to be Additional Director on 19 Sep 2023. Rajeshwari Ramaswamy was appointed as Whole-Time Director on 06 Jan 2023. Altico Advisors has 34 board changes on record in total.

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