About Altigreen Propulsion Labs Private Limited
Data last updated: 09 January 2026
Altigreen Propulsion Labs Private Limited is a private limited company based in Malur, Karnataka, India. It specialises in electrical and bio fuel vehicles, a part of the broader automotive sector. Incorporated on 08 February 2013, the company has been in operation for over 13 years.
Registered with ROC Bangalore under CIN U74900KA2013PTC067796.
Capital: an authorised share capital of ₹2.99 Cr and a paid-up capital of ₹2.1 Cr. It is led by directors Shalendra Kumar Gupta and Amitabh Saran.
Last AGM: 11 September 2024. Financial statements filed for year ended 31 March 2024. Office: 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.
The company has a workforce of approximately 368 employees as per the latest available data.
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.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Registered Address2 Plot No 2.3.4 4Th Phase Industrial Area H Hosakote Village, Lakur Hobli Malur Industrialarea Kolar Karnataka 563160, Karnataka, India – 563160
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IndustryAutomotive, Electrical and Bio Fuel Vehicles
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited operates one associated brand: Altigreen. These brands represent Altigreen Propulsion Labs Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Electric mobility solutions are offered via indigenous three-wheelers. | altigreen.com |
Competitors & Alternatives of Altigreen Propulsion Labs Private Limited
Brands and companies operating in the same space as Altigreen Propulsion Labs Private Limited include ETO Motors, Montra Electric, 3evi and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
ETO Motors
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Online platform offering electric vehicles and fleet management solutions | Hyderabad, India, India | 2018 |
Montra Electric
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Electric three-wheelers are manufactured by Montra Electric in India. | Chennai, India, India | 2020 |
3evi
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Three-wheel electric vehicles are manufactured along with hyper-local connectivity services. | Bengaluru, India, India | 2019 |
MLR Auto
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Manufacturer of electric three-wheelers | Hyderabad, India, India | 2009 |
GMW
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Platform offering electric mobility solutions | Hyderabad, India, India | 2010 |
Etrio
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Online platform offering electric vehicles and related mobility solutions | Hyderabad, India, India | 2017 |
TI Clean Mobility
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Electric three-wheelers are designed, manufactured, and marketed for passenger transport. | Chennai, India, India | 2022 |
Business Activity of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited is engaged in principal business activities including manufacturing and support service to organizations, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles, other support services to organizations. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| 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 | ********* |
| N | Support service to Organizations | N7 | Other support services to organizations | ********* |
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. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SR Batliboi and Associates LLP | blur-value | blur-value | blur-value |
Board of Directors of Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited is currently managed by 2 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalendra Kumar Gupta | Director | 08 Feb 2013 | 13 Years 5 Months | Current |
| Amitabh Saran | Director | 08 Feb 2013 | 13 Years 5 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Altigreen Propulsion Labs Private Limited
As of FY 2023, Altigreen Propulsion Labs Private Limited's shareholding pattern shows 70.95% by promoters, 24.58% by public shareholders, 4.48% by others. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
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
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 Count & EPFO Data of Altigreen Propulsion Labs Private Limited
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GST Compliance of Altigreen Propulsion Labs Private Limited
GSTIN & GST Filing Data of Altigreen Propulsion Labs Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Altigreen Propulsion Labs Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Altigreen Propulsion Labs Private Limited
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MSME Payment Delays by Altigreen Propulsion Labs Private Limited
MSME Payment Delays by Altigreen Propulsion Labs Private Limited
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Subsidiaries & Group Companies of Altigreen Propulsion Labs Private Limited
Subsidiaries & Group Companies of Altigreen Propulsion Labs Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Altigreen Propulsion Labs Private Limited with ownership details.
MCA Filings & Documents of Altigreen Propulsion Labs Private Limited
MCA Filings & Documents of Altigreen Propulsion Labs Private Limited
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Recent Activity on Altigreen Propulsion Labs Private Limited
Recent News on Altigreen Propulsion Labs Private Limited
Frequently Asked Questions about Altigreen Propulsion Labs Private Limited
Altigreen Propulsion Labs Private Limited is an active private limited company in the automotive sector based in Malur, Karnataka, India. It was incorporated on 08 February 2013 (13+ years old) and is registered under CIN U74900KA2013PTC067796. The company has 368 employees.
Altigreen Propulsion Labs Private Limited reported revenue of ₹23.19 Cr for FY 2025 (down 81.00% YoY).
The current directors of Altigreen Propulsion Labs Private Limited are:
The primary industry of Altigreen Propulsion Labs Private Limited is automotive. The company specifically operates in electrical and bio fuel vehicles. The company is currently active in this sector.
Altigreen Propulsion Labs Private Limited can be reached at the registered office: 2 Plot No 2.3.4 4Th Phase Industrial Area H Hosakote Village, Lakur Hobli Malur Industrialarea Kolar Karnataka 563160, Karnataka, India – 563160, or through the website altigreen.com.
The authorised capital is ₹2.99 Cr, and the paid-up capital is ₹2.1 Cr.