Altisource Business Solutions Private Limited - Company Profile

It is a information technology private limited company based in Bengaluru, Karnataka, India, established in 2007.
2007 Bengaluru, Karnataka, India Active
Last Updated:
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About Altisource Business Solutions Private Limited

Altisource Business Solutions Private Limited, a active private limited company, was established on 06 August 2007 in Bengaluru, Karnataka, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U74900KA2007PTC054134. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹12.00 Cr and a paid-up capital of ₹2.10 Cr.

Formerly known as Ocwen Business Solutions Private Limited. It upholds a compliant status. Employing 882 professional, Its leadership includes Gregory James Ritts (Director), Matias Emilio Canibe Renaud (Director), Somnath Mitra (Whole-Time Director). Past directors included William Benjamin Shepro, Pramod Bisht, Arindam Ghosh. It holds ₹2.00 M open charges and ₹0.68 M settled loans. Its latest AGM occurred on 27 September 2025, with the balance sheet filed on 31 March 2025. It is based at Vaishnavi Tech Park, Ground Floor, Tower C, Outer Ring Road, Bellandur,, Bengaluru, Karnataka, 560103.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U74900KA2007PTC054134

  • Registration Number

    054134

  • Incorporation Date

    06 August 2007

  • Authorized Capital

    ₹12.00 Cr

  • Paid-Up Capital

    ₹2.10 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 12.00 Cr
  • Paid Up Capital ₹ 2.10 Cr
  • Company Age 18 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 2.00 M
  • Satisfied Charges ₹ 0.68 M
  • Revenue Growth **** -5.73%
  • Profit Growth **** 17.19%
  • Ebitda **** 33.72%
  • Net Worth 29.53%
  • Total Assets -2.09%
Company report

Altisource Business Solutions Private Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Altisource Business Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Altisource Business Solutions Private Limited?
Current Directors
Name Designation Appointment Date Status
Gregory James Ritts Director 27 Mar 2020 Current
Matias Emilio Canibe Renaud Director 14 Jul 2020 Current
Somnath Mitra Whole-Time Director 04 May 2022 Current
Deepak Jagdish Bhutani Whole-Time Director 25 Apr 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 16 Jul 2020 Past
Pramod Abcsdd Director 30 Sep 2016 Past
Pramod Abcsdd Whole-Time Director 29 Mar 2019 Past
Pramod Abcsdd Additional Director 10 Aug 2021 Past
Pramod Abcsdd Additional Director 10 Aug 2021 Past
Pramod Abcsdd Whole-Time Director 21 Apr 2022 Past

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Financial Performance of Altisource Business Solutions.

Altisource Business Solutions Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 5.73% decrease. The company also saw a substantial improvement in profitability, with a 17.19% increase in profit. The company's net worth Soared by an impressive increase of 29.53%.

Altisource Business Solutions revenue growth over time
Altisource Business Solutions profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -5.73%
*******
*******
*******
*******
Revenue from Operations
*******
 -7.77%
*******
*******
*******
*******
Total Assets
*******
 -2.09%
*******
*******
*******
*******
Profit or Loss
*******
 17.19%
*******
*******
*******
*******
Net Worth
*******
 29.53%
*******
*******
*******
*******
EBITDA
*******
 33.72%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Altisource Business Solutions?

In 2023, Altisource Business Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹2,000,000.00

Satisfied Charges

₹675,000.00

Charges Breakdown by Lending Institutions
  • The Hongkong And Shanghai Banking Corporation Limited : 0.20 Cr
Latest Charge Details
Date Lender Amount Status
06 Jan 2023 The Hongkong And Shanghai Banking Corporation Limited ₹2.00 M Open
06 Jan 2015 Citi Bank N.A. ₹0.68 M Satisfied

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How Many Employees Work at Altisource Business Solutions?

Altisource Business Solutions has a workforce of 882 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Altisource Business Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Altisource Business Solutions's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Altisource Business Solutions
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Altisource Business Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records. was documented.

  • Director Appointment

    Deepak Jagdish Bhutani was appointed as a Whole-time director was appointed as a Whole-time director on 25 Apr 2025 & has been associated with this company since 1 year 2 months . was recorded as a recent event.

  • Balance Sheet

    The activity Altisource Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was completed.

  • Charges

    The activity A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.20 Cr with Charge ID 100663011 was registered on 06 Jan 2023. was completed.

  • Director Appointment

    Somnath Mitra was appointed as a Whole-time director was appointed as a Whole-time director on 04 May 2022 & has been associated with this company since 4 years 2 months . was recorded as a recent event.

  • Charges

    The activity A charge registered on 06 Jan 2015 via Charge ID 10559352 with Citi Bank N.A. was fully satisfied on 05 Feb 2021. was completed.

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Frequently Asked Questions
What is the CIN of Altisource Business Solutions Private Limited?

The CIN of Altisource Business Solutions Private Limited is U74900KA2007PTC054134.

Where is Altisource Business Solutions Private Limited headquartered?

Altisource Business Solutions Private Limited is headquartered at Vaishnavi Tech Park, Ground Floor, Tower C, Outer Ring Road, Bellandur,, Bengaluru, Karnataka, 560103.

When was Altisource Business Solutions Private Limited incorporated?

Altisource Business Solutions Private Limited was incorporated on 06 August 2007.

Who are the current directors of Altisource Business Solutions Private Limited?

The current directors of Altisource Business Solutions Private Limited are

What is the primary industry of Altisource Business Solutions Private Limited?

The primary industry of Altisource Business Solutions Private Limited is Information And Communication.

Is Altisource Business Solutions Private Limited a listed company?

Altisource Business Solutions Private Limited is unlisted.

What is the capital structure of Altisource Business Solutions Private Limited?

The authorized capital of Altisource Business Solutions Private Limited is ₹12.00 Cr, and the paid-up capital is ₹2.10 Cr.

What is the compliance status of Altisource Business Solutions Private Limited?

The compliance status of Altisource Business Solutions Private Limited is Compliant.

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