- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0161096

About Altigreen Propulsion Labs Private Limited
Data last updated:
Altigreen Propulsion Labs Private Limited is a private limited company based in Malur, Karnataka, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 08 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2013PTC067796. Its GSTIN is 29AALCA3226E1ZT (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2.99 Cr and a paid-up capital of ₹2.1 Cr. It is led by directors Amitabh Saran and Shalendra Kumar Gupta.
Its last annual general meeting (AGM) was held on 11 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2 Plot No 2.3.4 4th Phase Industrial Area H Hosakote Village, Lakur Hobli Malur Industrialarea Kolar Karnataka 563160, Karnataka, India – 563160.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.19 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹103.92 Cr (net margin -448.2%) and EBITDA of -₹89.15 Cr (EBITDA margin -384.5%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 50% over five years.
The company has about 368 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Altigreen. As per MCA filings, the company has open charges of ₹28 Cr and satisfied charges of ₹3 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending. The company has 17 deals on record (9 funding rounds, 4 rights issues, 4 secondary share transfers), with disclosed funding of ₹315.97 Cr; the latest was in December 2024. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is SPR Emf Innovations Private Limited with revenue of ₹23.76 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 163 overdue payments to 22 micro and small suppliers.
Altigreen Propulsion Labs Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0161096). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website altigreen.com.
Recognitions & Rankings of Altigreen Propulsion Labs
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2 Plot No 2.3.4 4th Phase Industrial Area H Hosakote Village, Lakur Hobli Malur Industrialarea Kolar Karnataka 563160, Karnataka, India – 563160
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
Associated Brands with Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs operates one associated brand: Altigreen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric mobility solutions are offered via indigenous three-wheelers. | altigreen.com |
Business Activity of Altigreen Propulsion Labs Private Limited
The main business activities of Altigreen Propulsion Labs are manufacturing and support service to organizations. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Altigreen Propulsion Labs Private Limited FY 2024 filings available
Altigreen Propulsion Labs Private Limited reported revenue of ₹23.19 Cr (down 81% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Altigreen Propulsion Labs Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 81% fall in the latest year. EBITDA rose 60% 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 Altigreen Propulsion Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹89.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹103.92 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 Altigreen Propulsion Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -384.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -448.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Altigreen Propulsion Labs are in the company report.
Financial statements from 2015
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.
Board of Directors of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitabh Saran | Director | 08 Feb 2013 | 13 Years 8 Months | Current |
| Shalendra Kumar Gupta | Director | 08 Feb 2013 | 13 Years 8 Months | Current |
Peer Comparison of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SPR Emf Innovations Private Limited | ₹23.76 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Palladam, Tamil Nadu, India |
| Tunwal E-Vehicle India Private Limited | ₹23.74 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Pune, Maharashtra, India |
| Shubh Mandhan Automotive Private Limited | ₹23.71 Cr (FY 2024) | •••• | •••• | 248.0% | •••• | Raipur, Chhattisgarh, India |
| JS Mobileon Private Limited | ₹23.4 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Delhi, India |
| Ins Automobiles Private Limited | ₹23.19 Cr (FY 2025) | •••• | •••• | 5455.0% | •••• | Azamgarh, Uttar Pradesh, India |
| Altigreen Propulsion Labs Private Limited this company | ₹23.19 Cr (FY 2025) | •••• | •••• | -81.0% | •••• | Malur, Karnataka, India |
| Dial E- Vahan Private Limited | ₹22.97 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Hisar, Haryana, India |
| Mindra Green Energy LLP | ₹22.94 Cr (FY 2023) | •••• | •••• | 151.0% | •••• | Ahmedabad, Gujarat, India |
| Mercury Ev-Tech Limited Listed | ₹22.53 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Karjan, Gujarat, India |
| Nysha Mobility Tech Private Limited | ₹22.24 Cr (FY 2024) | •••• | •••• | 595.0% | •••• | Nelamangala, Karnataka, India |
| Zivah International Private Limited | ₹22.04 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Altigreen Propulsion Labs by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), 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 Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited is audited by SR Batliboi and Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SR Batliboi and Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Altigreen Propulsion Labs 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 Altigreen Propulsion Labs Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Mar 2024 | Others | ₹5 Cr | Open |
| 29 May 2023 | State Bank of India | ₹16 Cr | Open |
| 02 May 2023 | Hdfc Bank Limited | ₹7 Cr | Open |
| 10 Mar 2021 | Others | ₹3 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited has 17 deals on record (9 funding rounds, 4 rights issues, 4 secondary share transfers), with disclosed funding of ₹315.97 Cr; the latest was in December 2024.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round · Series A | ₹291.57 Cr | Investors: Sixth Sense Ventures, Reliance New Energy Limited , Accurant International |
| Apr 2020 | Rights issue | ₹8.5 Cr | Investors: Drs5 Llc, 3 individuals |
| Jan 2019 | Rights issue | ₹11.74 Cr | Investors: Sterling Tools Limited , The Hi-Tech Gears Limited, 2 individuals |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: APL ESOP Trust Trustees, Jupiter Capital, 2 individuals Seller: 3 individuals |
| Nov 2013 | Funding round · Seed | ₹2.01 Cr | Investors: I2eye Interactive Private Limited , 3 individuals |
Full deal history
All 17 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed against the company by Elektronika Sales Private Limited | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by Intersped Logistics India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Magcore Lamination (India) Private Limited | Disposed |
| District court, West, Delhi | Commercial suit | Filed against the company by Om Logistics Limited | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 163 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Apeiron Mobility Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| JP Enterprises | •••• | •••• | •••• |
| CVM Precision Products Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited has a workforce of 368 employees as of Apr 08, 2024.
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 Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited has 26 board changes on record since 2013: 14 appointments and 12 cessations. The latest: Ajay Dilkush Sarupria ceased to be Director on 22 Nov 2024.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Altigreen Propulsion Labs 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.
Subsidiaries & Group Companies of Altigreen Propulsion Labs 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 Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCA3226E1ZT | Karnataka | Active | 01 Jul 2017 |
| 07AALCA3226E1ZZ | Delhi | Active | 20 Jan 2021 |
| 27AALCA3226E1ZX | Maharashtra | Active | 16 May 2024 |
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 Altigreen Propulsion Labs 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.
Related news about Altigreen Propulsion Labs Private Limited
Frequently Asked Questions about Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs is an active private limited company based in Malur, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 08 February 2013 (13+ years old) and is registered under CIN U74900KA2013PTC067796.
Altigreen Propulsion Labs reported revenue of ₹23.19 Cr for FY 2025 (down 81% YoY).
Altigreen Propulsion Labs has 2 current directors:
- Amitabh Saran - Director
- Shalendra Kumar Gupta - Director
Altigreen Propulsion Labs reported a net loss of ₹103.92 Cr (net margin -448.2%) and EBITDA of -₹89.15 Cr (EBITDA margin -384.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Altigreen Propulsion Labs is -70% over three years and -50% over five years. In the latest year (FY 2025) revenue fell 81%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Altigreen Propulsion Labs is 29AALCA3226E1ZT, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AALCA3226E1ZZ (Delhi), 27AALCA3226E1ZX (Maharashtra).
The CIN (Corporate Identification Number) of Altigreen Propulsion Labs is U74900KA2013PTC067796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altigreen Propulsion Labs has 5 court cases on record: 5 filed against it. 2 are pending.
Altigreen Propulsion Labs was incorporated on 08 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Altigreen Propulsion Labs has 17 deals on record (9 funding rounds, 4 rights issues, 4 secondary share transfers), with disclosed funding of ₹315.97 Cr; the latest was in December 2024.
The peers of Altigreen Propulsion Labs by revenue are SPR Emf Innovations Private Limited, Tunwal E-Vehicle India Private Limited, Shubh Mandhan Automotive Private Limited, JS Mobileon Private Limited, Ins Automobiles Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Ajay Dilkush Sarupria ceased to be Director on 22 Nov 2024. Subhabrata Ghosh ceased to be Nominee Director on 14 Nov 2024. Nikhil Kishorchandra Vora ceased to be Nominee Director on 13 Nov 2024. Altigreen Propulsion Labs has 26 board changes on record in total.